Client Name:

Rithm Capital Corp

Client Project Name:

NRMLT 2026-NQM1

Start - End Dates:

5/XX/2022 - 9/XX/2022

Deal Loan Count:

314

Conditions Report 2.0

Loans in Report:

314

Loans with Conditions:

173

Marketing ID

Loan Number

Original Principal Balance

State

Initial Lender ATR/QM Status

Loan Level ATR/QM Status

Initial Securitization Overall Loan Grade

Final Securitization Overall Loan Grade

Initial Securitization Credit Loan Grade

Final Securitization Credit Loan Grade

Initial Securitization Property Valuations Loan Grade

Final Securitization Property Valuations Loan Grade

Initial Securitization Compliance Loan Grade

Final Securitization Compliance Loan Grade

Initial S&P Overall Loan Grade

Final S&P Overall Loan Grade

Initial S&P Credit Loan Grade

Final S&P Credit Loan Grade

Initial S&P Property Valuations Loan Grade

Final S&P Property Valuations Loan Grade

Initial S&P Compliance Loan Grade

Final S&P Compliance Loan Grade

Condition Category

ConditionSub Category

Condition Status

Initial Securitization Condition Grade

Final Securitization Condition Grade

Initial S&P Condition Grade

Final S&P Condition Grade

Condition Code

Condition Description

Condition Material Indicator

Initial Comments

Client/Seller Response Comments

Conclusion Comments

TRID Error Type

Cure Method

Compensating Factors

Full Diligence Id

900000123

XXXX

(No Data)

ATR/QM: Exempt

Credit

Insurance

Satisfied

CRDINSR289

Insufficient Hazard Insurance Coverage

Missing the Master Condo Insurance Policy declaration page.

6/XX/22: Lender provided the Master Condo Policy.

6.29.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 34.14% is below guideline requirements of 75%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 764 exceeds guidelines

XXXX

900000124

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 786 exceeds min score requirement of 720.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 15 years.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed for 24 years.

XXXX

900000128

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Assets are $335,724.76 or 114.53 or PITIRequired reserves are 6 months PITI at $2,931.41x6= $17,588.462 mo additional for each property financedXXXX $1584.67x2= $3169.34XXXX $1896x2= $3792XXXX $3145x2= $6290XXXX $1079x2= $2158total required $32,997.80

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score is > 10 points above guideline maximum of 680

XXXX

900000131

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC in file reflects an LE was provided to borrower on 5/XX/2022 however, that LE is missing from file.

6/XX/2022: Client provided LE 5/XX/2022.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 10.48%; max allowed per guidelines is 80%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 804 qualifying score. Min required per guidelines is 660

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 10 years and 11 months.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $785,373.34 or 235.94 months PITIA, guidelines required 3 months PITIA.

XXXX

900000131

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Right of Rescission

Satisfied

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

The disbursement date on final CD XX/XX/XXXX is disclosed as 5/XX/2022 which is before the end of the rescission period. Provide final settlement statement to confirm the correct disbursement date.

6/XX/2022: Client provided the borrower's final settlement statement confirming the disbursement date is 6/XX/2022 and after the rescission period.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000133

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qualifying FICO of 792 is 132 points above the 660 FICO required for the program.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has 5 years 10 months at current job.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI (Back) of 39.66% is 10.34% below the 50% allowed for the program.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves of 14 months PITIA is 9 months greater than the 5 months reserves required.

XXXX

900000135

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

Seller CD is missing from file.

9/XX/2022: Client provided the seller CD.

9/XX/2022: Exception satisfied.

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current occupied residence for 22 years and 1 month.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed with 5 years and 4 months.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 782 qualifying score. Min required per guidelines is 660.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Rental payment history is for 261 months when 12 months are required.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $94,265.63 or 12.63 months PITIA, guidelines required 3 months PITIA

XXXX

900000135

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Legal Documents

Active

CRDLGL100

Legal document incorrect or incomplete

Lender exception for assignment of purchase contract from borrower and one additional individual to borrower only. Considered as non-material.

(No Data)

Not Applicable

XXXX

900000136

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Documentation of Changes Circumstances dated 3/XX/22 & 4/XX/22 found in file, but missing Revised LE 3/XX/22 & LE 4/XX/22 to reflect the changes. Condition is pending receiving revised LE 3/XX/22 & LE 4/XX/22 .

8/XX/2022: Client provided LEs 4/12 and 3/23.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Mortgage payment history is for 48 months when 12 months are required

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 48.296%; max allowed per guidelines is 80%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 755 qualifying score. Min required per guidelines is 680.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 30.37%, max per guidelines is 50%.

XXXX

900000136

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

CD XX/XX --Transfer taxes increased from $1650 to $1753.30 with no valid COC.CD XX/XX--Appraisal increased from $400 to $425 with no valid COC. Provide valid COCs or provide corrected CD, refund to the borrower for $128.30, with a letter of explanation with proof of delivery within 60 days of consummation including tracking.2 COC's in file dated XX/XX & XX/XX with no corresponding LE's. Provide the missing LE's.

8/XX/2022: Client provided COC for transfer tax increase. The Appraisal fee increase does not have a valid reason. Due to borrower is now $25 with Letter of explanation, corrected Closing Disclosure, and proof of delivery. Exception remains. 8/XX/2022: Client provided detailed COC for appraisal increase.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000140

XXXX

(No Data)

ATR/QM: Exempt

Compliance

TILA

Active

CMPTILA4787

TILA -Loan secured by investment property, cannot determine if TILA is applicable b/c cannot verify if primary use of funds was personal or business.

Borrower LOE for use of funds or business purpose cert/affidavit is missing from file.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower Self-employed for 36 years

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Max DTI 50% borrower has 36.62%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 660 minimum required borrower has 773

XXXX

900000142

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per XXXX Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A.

(No Data)

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed with XXXX for 8 years and 1 month.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 60%; max allowed per guidelines is 80%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 785 qualifying score. Min required per guidelines is 680.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $461,453.75 or 46.98 months PITIA, guidelines required 6 months PITIA.

XXXX

900000146

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

Realtor Commissions reflected on Seller CD but not in section H of Borrower Final CD. As fees are at least shown this is not a material issue. This exception is informational per XXXX Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: 30 years and 1 month in profession.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 749 qualifying score. Min required per guidelines is 660.

XXXX

900000146

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

XXXX

900000146

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

Missing Seller CD.

9/XX/2022: Client provided seller CD.

9/XX/2022: Exception satisfied however, exception XX and XX triggered as a result.

Not Applicable

XXXX

900000147

XXXX

(No Data)

ATR/QM: Exempt

Credit

Assets

Satisfied

CRDAST2670

Asset documentation is insufficient per guideline requirements

File is missing cash out refinance CD dated XX/XX/XXXX for loan#XXXX.

8.10.22: Lender provided CD from refinance of REO on XXXX with net proceeds from cash out $XXXX. Sufficient reserves of $80,408.57 verified for required reserves of $49,961.02.

8.10.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: 20 yrs 1 month

XXXX

900000154

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance increase of $68.25 between CD XX/XX/XXXX and CD XX/XX/XXXX. The Transfer Taxes increased without valid reason stated.

6/XX/2022: Client provided COC for Transfer Tax increase.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: 11.4 yrs vs 2 yrs

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 754 vs 740

CFCFS2854: Significant time in profession
- XXXX Comments: 45 yrs vs 2 yrs

XXXX

900000157

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has been self employed at current job for 12 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 22.28% is below guideline requirements

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 4.73% is below guideline requirement

XXXX

900000160

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 21 years at current residence

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's credit score 784 exceeds the required score of 680

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Borrower's LTV 75% is below the required LTV of 80%

XXXX

900000163

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 20 years at current residence.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's credit score 730 exceeds the required score of 680

CFCFS5269: Minimal use of credit
- XXXX Comments: Credit usage is minimal at 9%.

XXXX

900000166

XXXX

(No Data)

ATR/QM: Exempt

Credit

DTI

Active

CRDDTI105

Debt Ratio Exception 5% or Less

DSCR of 1.0044% is less than 1.25 required per guide lines for first time investors.

7/XX/22-Client provided exception for DSCR less than 1.25.

Initial and final grade B.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: High fico 776 exceed guide lines.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves exceed guide lines.

XXXX

900000172

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower mid score of 795 exceeds min requirement of 720.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been with current employer for 25 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $220,524 exceed guidelines of $17,457.

XXXX

900000174

XXXX

(No Data)

ATR/QM: Exempt

Credit

Credit/Mtg History

Active

CRDCRMH118

Mortgage/rental lates exceed guidelines

Lender exception for mortgage history 1 x 30 in last 12 months. Guidelines require 0 x 30 in last 12 months. Considered as non-material.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 708 qualifying score. Min required per guidelines is 660.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified assets/reserves: $289,825.19 or 137.00 months PITIA. 6 months reserves required for subject and 2 months reserves for REOs.

XXXX

900000174

XXXX

(No Data)

ATR/QM: Exempt

Credit

Title

Satisfied

CRDTIL796

Missing Title

Provide Title report

9.9.22: Lender provided the final title report.

9.9.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000178

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $14,416.27 or 5.97 months PITIA, guidelines required 3 months PITIA

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 43.77%, max per guidelines is 50%.

XXXX

900000179

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has owned present residence for 5 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 29.39% is 50.61% below maximum LTV of 80%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified assets $598,287.48. Cash to close $481,598.38. Post-closing cash reserves $105,849.81/44.38 months reserves. 8 months reserves required, including additional financed property.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: 40 months mortgage history with no late pays.

XXXX

900000182

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: 10 YRS VS 2 YRS

CFCFS1736: Significant time at current residence
- XXXX Comments: 15.4 YRS VS 2 YRS

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 752 vs 720

XXXX

900000184

XXXX

(No Data)

ATR/QM: Exempt

Credit

Assets

Satisfied

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

Missing verification of proceeds for refinance of XXXX, to confirm assets totaling $346,000.

6.15.22: Lender provided the final CD for refinance of REO at XXXX with net cash to borrower of $XXXX

6.15.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has owned present residence for 5 years.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 20 years and 6 months.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 796 exceeds minimum credit score of 720, 76 points.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified assets $436,671.21. Cash to close $150,397.97. Post-closing cash reserves $286,273.24/121.98 months reserves. 3 months reserves required for subject, and 2 months each for 11 properties, totalling 25 months reserves required.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 33.21% is below maximum DTI of 45%.

XXXX

900000184

XXXX

(No Data)

ATR/QM: Exempt

Credit

DTI

Satisfied

CRDDTI2540

Missing verification of some or all components of non-subject PITI

Missing verification of principle, interest, and taxes for property located at XXXX.

6.15.22: Lender provided verification of PITI $2293.96 for REO at XXXX

6.15.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000184

XXXX

(No Data)

ATR/QM: Exempt

Credit

Insurance

Satisfied

CRDINSR3278

Hazard Insurance documentation in file is incomplete

Missing the complete Homeowners insurance policy for subject property. File contains HOI transfer letter only.

6.15.22: Lender provided the HOI policy for the subject property.

6.15.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000185

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrowers have resided in current owner occupied residence for 8 years and 7 months.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 750 qualifying score. Min required per guidelines is 640.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 47.73%; max allowed per guidelines is 80%.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Mortgage payment history is for 99 months when 12 months are required.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $944,144.34 or 212.65 months PITI, guidelines required 10 months PITI.

XXXX

900000188

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Please provide the LE associated with the COC dated 7/XX/22.

8/XX/2022: Client provided LE 7/XX/2022.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 37.33%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $21,079 exceed guidelines of $11,628.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 13 years.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed with XXXX for 30 years and 2 months.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 62.24%; max allowed per guidelines is 70%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 728 qualifying score. Min required per guidelines is 680.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Mortgage payment history is for 44 months when 12 months are required.

XXXX

900000188

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

CD XX/XX/XXXX signed on closing date of XX/XX is only CD in file. Please provide prior CDs.

8/XX/2022: Client provided initial CD XX/XX/XXXX

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000188

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

CD XX/XX/XXXX signed on closing date of XX/XX is only CD in file. Please provide prior CD's.

8/XX/2022: Client provided initial CD XX/XX/XXXX

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000188

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID4579

TRID - CD: Missing Initial CD

The initial CD is not in the file.

8/XX/2022: Client provided initial CD XX/XX/XXXX

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000189

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 718 qualifying score. Min required per guidelines is 680

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 44.44%; max allowed per guidelines is 90%.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 30.24%, max per guidelines is 45%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $50,199.40 or 21.75 months PITIA, guidelines required 3 months PITIA.

XXXX

900000191

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC in file reflects LE was provided to borrower on 7/11 but that LE is missing from file.

8/XX/2022: Client provided LE 7/11.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves $11,792.32 or 5.81. 3 months required

CFCFS1744: DTI below guideline requirement
- XXXX Comments: 35.49% DTI

XXXX

900000192

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

Not all required seller-paid fees were disclosed on the final CD. Seller's CD in file and able to trace all fees

(No Data)

This exception is informational. Exception satisfied. Final Grade A

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qualifying FICO of 731 is 71 points above the 660 FICO required for the program.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI (Back) of 12.48% is 37.52% below the 50% allowed for the program.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 60% is 25% below the 85% allowed for the program.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves of 69 months PITIA is 66 months greater than the 3 months reserves required for the program.

XXXX

900000192

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance in amount of $75 due to increase in Appraisal fee. COC dated 6/XX/22 in file doesn't indicate a detailed reason why fee was increased. Condition is pending receiving a valid Change of Circumstances or PCCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information.

7/XX/2022: Client provided a detailed COC for increase.

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000193

XXXX

(No Data)

ATR/QM: Exempt

N/A

Credit

Income/Employment

Satisfied

CRDINC2408

Income verification does not meet guidelines

Missing CPA letter reflecting business.

7.18.22: Lender provided the Operating Agreement and Certificate of Organization for B1 business, confirmed percentage of ownership.

7.18.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $82,782 exceed guidelines $56,736.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 684 qualifying score. Min required per guidelines is 680.

XXXX

Removed from deal

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: High fico 776 exceeds guide lines.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 46.83 is below lender's guide line maximum.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has stable employment with 9 years at current job.

XXXX

Removed from deal

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Loan approved with a DTI of 14.19%. Max DTI is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Total assets verified $218725.15. CTC $97693.17 leaving reserves of $121,031.98 or 16.60 mos. Guideline requires 3 mos for subject and 2 additional for other REO.

XXXX

900000203

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 10 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $72,034 exceed guidelines of $14,011.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Mortgage payment history is for 23 months when 12 months are required

XXXX

900000204

XXXX

(No Data)

ATR/QM: Exempt

Compliance

Documentation

Satisfied

CMPDOC806

Notary Status is missing

The Notary page is missing from the mortgage.

8.29.22: Lender provided the California All-Purpose Acknowledgment with complete Notary signature and seal.

8.29.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 58.82% is below guideline requirements

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 793 exceeds guidelines

XXXX

900000204

XXXX

(No Data)

ATR/QM: Exempt

Credit

Legal Documents

Active

CRDLGL100

Legal document incorrect or incomplete

Lender exception to allow delayed financing for $XXXX to be paid off that were not borrower's own funds for purchase of subject property. Considered as non-material.

(No Data)

Not Applicable

XXXX

900000205

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Two COCs found in file dated 5/4 and 5/9 but corresponding LEs are missing in file. Condition is pending receiving all disclosures for further testing. Additional conditions may apply.

6/XX/2022: Client provided LEs 5/5 and 5/9.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 766 exceeds guidelines

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 16.92% is below guideline requirement

XXXX

900000205

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

Unable to test a loan product due to missing initial CD in file

6/XX/2022: Client provided initial CD XX/XX/XXXX

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 766 exceeds guidelines

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 16.92% is below guideline requirement

XXXX

900000205

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

Final CD XX/XX/XXXX is the only CD in file. Condition is pending receiving initial, and if applicable all revised, CD(s) received by borrower min 3 business days prior to consummation.

6/XX/2022: Client provided initial CD XX/XX/XXXX

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 766 exceeds guidelines

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 16.92% is below guideline requirement

XXXX

900000205

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance in amount of $145 due to increased Appraisal fee on LE 4/28 from $750 to $895 with no COC in file. Condition is pending receiving a valid Change of Circumstances or PCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information.

6/XX/2022: Client provided COC dated 4/XX/222 but it does not state reason appraisal fee increased. Exception remains.6/XX/2022: Client provided same COC dated 4/27. The COC only states Appraisal fee increased to $895 but does not provide details that caused the fee to increase. Exception remains.6/XX/2022: Client provided COC stating appraisal increase due to market conditions. Per guidance from Sr. Compliance, "Market Conditions" is not a valid COC. Exception remains.6/XX/2022: Client provided LOE stating the increase was due to borrower requested rush and an email chain between lender and appraiser. After review from Sr. Compliance, if this was a request from borrower we need evidence that borrower asked for this. The concern is that this exact scenario was addressed by the CFPB in their recent supervisory highlights."2. Examiners found that certain lenders failed to retain sufficient documentation to establish the changed circumstances validity. Specifically, the lenders disclosed an appraisal fee on initial Loan Estimates and subsequently disclosed appraisal rush fees, in a higher amount, on revised Loan Estimates. The lenders claimed the rush appraisals, which led to the appraisal rush fees, were requested by consumers. However, in each instance, the lender failed to maintain sufficient documentation evidencing the consumers request of the rush appraisals; in fact, the documentation maintained reflected that either the appraisal management company notified the lenders that a rush appraisal would be needed or the lenders loan officers requested the rush appraisal. In certain instances, the lenders documentation included only a checked box indicating the consumer requested the rush appraisal, but there was no other evidence retained reflecting this occurred. In response to these findings, the lenders agreed to remediate affected consumers, revise their policies and procedures to ensure relevant documentation is obtained and maintained, and strengthen relevant quality control audit functions."Exception remains.7/XX/2022: Client provided same COC dated 4/27. Per Sr. Compliance, documentation that borrower requested the rush is required or cure is Letter of explanation, corrected Closing Disclosure, refund, proof of delivery. Exception remains.7/XX/2022: Client provided PCCD 7/XX/2022, LOE to borrower, disclosure tracking, copy of the refund check for $145 and shipping label.

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 766 exceeds guidelines

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 16.92% is below guideline requirement

XXXX

900000205

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

Lender exception for FTHB with two rent payments missing 8/2021 & 9/2021. Considered as non-material.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 766 exceeds guidelines

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 16.92% is below guideline requirement

XXXX

900000209

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score is 761.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Borrower mortgage history is 0x30 for 69 months reviewed.

XXXX

900000213

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 57.62% is below guideline requirements 75%.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: 13 YRS VS 2 YRS

XXXX

900000217

XXXX

(No Data)

ATR/QM: Exempt

Compliance

TILA

Active

CMPTILA4787

TILA -Loan secured by investment property, cannot determine if TILA is applicable b/c cannot verify if primary use of funds was personal or business.

Borrower LOE for use of funds or Business Purpose Affidavit is not in file.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Borrower has a LTV of 29%. Max LTV is 60%

CFCFS1735: Co-Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed for 15 years.

XXXX

900000218

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER3122

Loan documents do not meet guideline requirements

Lender exception for subject loan transaction as a delayed financing which is not allowed under XXXX guidelines. Consider as non-material.

8.4.22: Lender provided the exception request form previously in file. Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is an material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

8.4.22: Exception remains.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $78,409 exceed guidelines of $28,617.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Minimum credit score 680 current representative credit score 757

XXXX

900000220

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self- employed with XXXX for 10 years and 1 month.

CFCFS1735: Co-Borrower has significant time at current job
- XXXX Comments: Borrower has been employed with XXXX for 8 years and 1 month.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 80%; max allowed per guidelines is 85%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $116,968.12 or 30.84 months PITIA, guidelines required 3 months PITIA.

XXXX

900000220

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Provide proof tolerance cure refund/credit of $1650. Discount points increased from $6138 to $7788 without a valid COC. No document to support that cost was permissible.

8/XX/2022: Client provided a COC detail form dated 7/14. After review from Sr. Compliance, reason for increase in the loan amount points is unclear. Please provide more detail regarding the change. Exception remains. 8.8.22 Client provided rate lock. Please provide reason for discount points in unclear. Please provide more detail regarding the change. Exception remains. 8/XX/2022: Client provided a detailed COC for increase. After review from Sr. Compliance, COC is valid.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self- employed with XXXX for 10 years and 1 month.

CFCFS1735: Co-Borrower has significant time at current job
- XXXX Comments: Borrower has been employed with XXXXA for 8 years and 1 month.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 80%; max allowed per guidelines is 85%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $116,968.12 or 30.84 months PITIA, guidelines required 3 months PITIA.

XXXX

900000222

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 39.79%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $42,019.95 or 8.60 months PITIA, guidelines required 3 months PITIA.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 4 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 80.26% is below the maximum LTV.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 757 exceeds the minimum score.

XXXX

900000223

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

Missing seller CD.

8/XX/2022: Client provided Seller CD.

8/XX/2022: Exception satisfied.

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 32.73% is below max DTI of 50%

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed for 24 years.

XXXX

900000223

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Satisfied

CRDAST2670

Asset documentation is insufficient per guideline requirements

Missing $200000 gift fund documentation. Proof of transfer to borrower, copy of check, etc.

8.16.22: Lender provided the wire transfer of gift funds directly to escrow company.

8.16.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000228

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 800 exceeds min credit score requirement of 680.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 35.2% is below max DTI requirements.

XXXX

900000229

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 15 years at current residence.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's credit score 765 exceeds the required score of 640

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV max per guidelines 75%, LTV c.urrently 37.75%

XXXX

900000233

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 25% is below maximum LTV.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 794 is above minimum score requirement.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Borrower DTI of 25.03% is below maximum DTI.

XXXX

900000234

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Active

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

Verified reserves $7,493.16 with required reserves $9,625.73. Short verified reserves $2,132.57. EMD $5,000 was not verified as cleared borrowers account. Escrow funds of $10,000 received 8/XX/22. Latest bank statement XXXX dated 7/XX/22, prior to escrow funds received.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrowers have owned primary residence for 30 years.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has been self employed at current job for 34 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 799 exceeds guidelines

XXXX

900000236

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Documentation of Changed Circumstances dated 7/XX/22 found in file, but missing Revised LE 7/XX/22 to reflect the changes. Condition is pending receiving revised LE 7/XX/22

8/XX/2022: Client provided LE 7/XX/2022.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has been self employed at current job for 9 years.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 12.35% is below guideline requirement

XXXX

900000236

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

XXXX

900000236

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

XXXX

900000236

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Insurance

Satisfied

CRDINSR2400

Missing Flood Certification Document

8.16.22: Lender provided the Flood Certification document.

8.16.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000237

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 80%; max allowed per guidelines is 90%

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: The borrower has been employed with XXXX for 10 years

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 771 qualifying score. Min required per guidelines is 720.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 33.38%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $19,385.33 or 4.31 months PITIA, guidelines required 3 months PITIA.

XXXX

900000238

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 60% is below the maximum LTV

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 792 exceeds minimum score requirement.

XXXX

900000241

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score is > 10 points above guideline maximum of 720

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Assets are $134,352.40 or 37.18 months PITIRequired reserves are 6 months PITI at $3,613.77x6= $21,682.62

XXXX

900000242

XXXX

(No Data)

ATR/QM: Exempt

Credit

Income/Employment

Satisfied

CRDINC150

Income docs do not meet guidelines

First time investor loan requires DSCR 1.25%; actual DSCR 1.0268%. Does not meet guidelines.REO's XXXX are not documented to be owned by borrower.

8.4.22: Lender response - There is documentation showing they are owned by an LLC that the borrower has ownership in. Theborrower does not personally own but does have landlord experience managing them via this LLC.Upon further review, the file does not include documentation to show borrower has ownership in the XXXX, company that is listed as owner of the REO's above. Provided documentation to show an ownership interest in the XXXX.8.5.22: Lender provided documentation to support borrower ownership in business XXXX. Meets requirements for DSCR.

8.4.22: Exception remains.8.5.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $98,706 exceed guideline requirement of $24,389.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Representative Credit Score 707 is above guideline minimum

XXXX

900000244

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has owned present residence for 28 years.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed for 37 years and 4 months.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 46 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 51.51% is 13.49% below maximum LTV of 65%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 803 exceeds the minimum credit score of 720, 83 points.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: 82 months mortgage history with no late pays.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified assets $114,206.84/93.58 months reserves. 3 months reserves required.

XXXX

900000246

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 75% is below max LTV of 85%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 704 is above min score of 680.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $54,836 exceed guidelines $13,816.

XXXX

900000248

XXXX

(No Data)

ATR/QM: Exempt

Credit

Income/Employment

Active

CRDINC150

Income docs do not meet guidelines

Lender exception for DSCR score of 1.0 vs required 1.25 for investor with less than 12 months history. Considered as non-material.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: Borrower has excellent mortgage history 0x30 since 2/2012.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 784 exceeds guidelines

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $226,847 exceed guidelines $24,851.

XXXX

900000248

XXXX

(No Data)

ATR/QM: Exempt

Credit

LTV/CLTV

Active

CRDLTV3026

LTV Exceeds Guideline Requirement by at least 5%, but less than 10%

Lender exception for LTV of 80% vs guideline requirement of 75% on 4 unit property. Considered as non-material.

(No Data)

Not Applicable

XXXX

900000249

XXXX

(No Data)

ATR/QM: Exempt

Compliance

TILA

Satisfied

CMPTILA4787

TILA -Loan secured by investment property, cannot determine if TILA is applicable b/c cannot verify if primary use of funds was personal or business.

Business purpose cert or affidavit is missing from file.

6.17.22: Lender provided the business use of funds letter signed by borrower.

6.17.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 764 exceeds guidelines

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 47.81% is below guideline requirements 75%

XXXX

900000249

XXXX

(No Data)

ATR/QM: Exempt

Credit

Legal Documents

Satisfied

CRDLGL100

Legal document incorrect or incomplete

Cash out refinance transaction on investment property requires Business Use of Funds letter signed by borrower.

6.17.22: Lender provided the business use of funds letter signed by borrower.

6.17.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000251

XXXX

(No Data)

ATR/QM: Exempt

Credit

LTV/CLTV

Active

CRDLTV3024

LTV Exceeds Guideline Requirement by less than 5%

LTV of 64.97% is 4.97% greater than the maximum LTV of 60% allowed under the program guidelines. Non Material, final grade B.

6.17.22: Lender provided the exception request document. Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is a material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

6.17.22: Exception remains.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves of 15.29 months PITIA is 5.29 months greater than the 10 months reserves required for the program.

CFCFS1736: Significant time at current residence
- XXXX Comments: Co-Borrower has 20 years 2 months at current residence.

XXXX

900000252

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 70% is lower than max LTV of 80%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Total assets verified $1,380,436.23. CTC $276,035.37 leaving reserves of $1,104,400.86 or 167.98 mos. (based on P&I after IO period) Guidelines required 6 mos reserves for subject and 2x2= 4 for add'l REO's.

XXXX

900000256

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Application

Active

CRDAPP131

Occupancy status not supported by file documentation

Per guidelines, second home must be suitable for year-round use. However, the HOI and Letter of explanation reflects that the rental coverage on policy is because subject property will be a short-term rental, which do not meet guidelines.

7.28.22- Lender responded; The occupancy concerns were addressed by the underwriter, and the appropriate documentation is in the loan file. A short term rental is defined as XXXX, XXXX etc.. Short-term rentals are allowed on a second home (only rental income would not be allowed). The property is eligible for year-round use and the borrower has exclusive control over the property. The borrower obtaining a home owner's policy that allows for short-term rental does not mean the property is not eligible for year-round use. A second home is a one-unit property that the borrower occupies for a portion of the year in addition to their primary residence. The addition of insurance coverage that allows for short-term rentals does not negate this.

After further review by senior U/W, exception downgraded to non-material. Borrower has 760 Fico score, DTI is 39.63%, and $90,318.72 or 14.09 months PITIA in reserves. Loan closed as an second home but per client it will be used as an short-term rental per LOE, HOI policy reflect that property is being consider as an rental. 2nd home allow up to 14 day not being occupied by applicant. No rental income was used to qualify for subject property.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrowers have owned present residence for 9 years.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 20 years.

CFCFS1735: Co-Borrower has significant time at current job
- XXXX Comments: Co-borrower has been in military for 17 years and 9 months.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified assets $343,231.92. Cash to close $252,913.20. Post closing cash reserves $90,318.72/14.09 Months Reserves. 8 months reserves required.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 36.94% is below maximum DTI of 50%.

XXXX

900000256

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Active

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

Lender exception request for Gift funds on purchase of 2nd Home. Per guidelines, gift funds not permitted on second homes. Considered as non-material.

(No Data)

Not Applicable

XXXX

900000257

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Section 32

Satisfied

CMPS32371

Section 32 Loan per Points and Fees Test

The Adjusted Charges of $22186.22 exceed the Maximum Charges of $18326.61 by $3859.61.

8/XX/2022: Client requested clarification of this exception. After review from Sr. Compliance, exception is valid. Per the XXXX in file the discrepancy appears to be the Date Interest Rate Set, they were using 7/XX/22, and we have the App date of 7/XX/22. The difference in the dates is changing the benchmarks enough to be out of threshold. Per the docs in file it does appear 7/11 is the correct date. Exception remains.9/XX/2022: Client provided a XXXX report dated 9/XX/2022. After review from Sr. Compliance, report shows the lender is using a Benchmark date of 7/XX/22, but the application date is 7/XX/22. Exception remains.9/XX/2022: Client responded that lock was done as a forward lock. After review from inside counsel we can accept the date rate set as 7/8.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower self employed for the past 5 years

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 36.29% is below guideline requirement.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $14,647 exceed guidelines $9,114.

XXXX

900000259

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's credit score 762 exceeds the minimum score of 680

CFCFS1736: Significant time at current residence
- XXXX Comments: 4 years at current residence.

XXXX

900000260

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Terms/Guidelines

Active

CRDTER3122

Loan documents do not meet guideline requirements

Lender exception for start date CPA letter. Considered as non-material.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 14 years and 7 months.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been Self employed for 4 years and 7 months.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 716 exceeds guideline minimum score.

XXXX

900000261

XXXX

(No Data)

ATR/QM: Exempt

Credit

Assets

Satisfied

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

After calculating subject reserves and 2 months for each other financed property, File is short $242.84 reserves.

8.9.22: Lender response that numerous REO properties are owned by business and excluded from requirement. Upon further review from the XXXX document, seven of the REO's previously included in the calculation are business owned and excluded. Required reserves $17,359.68, sufficient reserves verified.

8.9.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: Mortgage payment history exceeds guidelines at 0x30x22

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score is > 10 points above guideline maximum of 720

XXXX

900000263

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrowers have owned present residence for 15 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 776 exceeds minimum credit score of 660, 116 points.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: 71 months mortgage history with no late pays.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $93,945 exceed guidelines of $12,582.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 230.47% is below maximum DTI

XXXX

900000263

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

XXXX

900000266

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

DTI

Satisfied

CRDDTI187

Debt Ratio > 50%

DTI 50.67%: Subject PITI $1,674.16 + debts $2,035 = $3,709.16 total expenses / B1 income $5,837.24 + IRA distribution $642 + pos rental income $840.91 = $7,320.15. Lender DTI 48.88%. Difference based on rental income of $840 compared to lender $1,688.

7.1.22: Lender response that calculated DTI 48.89%. Upon further review, the refinance of Georgia Dr REO paid off existing lien of XXXX Rental income re-calculated and revised DTI 45.40%.

7.1.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has 46 years at the current job.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit Score of 803 exceeds the Program Guidelines of 660.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 22.53% is lower than the Program Guidelines of 80.00%

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has 28 years at the current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has 46 years in their profession.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrower has 68.22 months PITI reserves

XXXX

900000268

XXXX

(No Data)

ATR/QM: Exempt

N/A

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 80%; max allowed per guidelines is 64.77%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 735 qualifying score. Min required per guidelines is 680.

XXXX

900000274

XXXX

(No Data)

ATR/QM: Exempt

Credit

Credit/Mtg History

Active

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

Per guidelines, housing payment history required verified at 0x30x12. Credit report verifies 3 months of mortgage history with no other verifications in the credit file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $48,159.04 or 30.22months PITIA, guidelines required 10 months PITIA

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 723 qualifying score. Min required per guidelines is 660.

XXXX

900000277

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Income/Employment

Satisfied

CRDINC2408

Income verification does not meet guidelines

Missing CPA letter verifying percentage and length of ownership, per guidelines.

7.26.22- Lender provided business license

7.26.22- Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrowers have over 14 years in current job.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 6.95%, maximum LTV guideline is 80%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's representative credit score is 735, minimum allowed is 720.

XXXX

900000281

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 9 years and 6 months.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been employed in the same profession for 9 years and 1 month.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 750 qualifying score. Min required per guidelines is 680.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $228,283.03 or 70.01 months PITIA, guidelines required 5 months PITIA.

XXXX

900000283

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qualifying FICO of 702 is 62 points above the 640 FICO required for the program.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 53.47% is below the 70% allowed for the program.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has 27 years 1 month at current residence.

XXXX

900000289

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER4631

Loan parameters do not meet guidelines

Lender exception for DSCR below 1.25% for first time investor; actual DSCR is 1.22% Lender exception for assignment of purchase contract. Based on compensating factors of good credit history, high credit scores 777/805 and low LTV 70% considered as non-material.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified assets/reserves: $185,980.79 or 91.51 months PITIA. 6 months reserves required for subject.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 777 qualifying score. Min required per guidelines is 680.

XXXX

900000290

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Per COCs 4/XX/22 & 4/XX/22, Revised LEs missing.

6/XX/2022: Client provided LEs 4/22 and 4/28.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score is 791 of the required 720.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: 80% LTV below guideline requirement of 90%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $125,696.33 or 21.16 months PITI reserves.

XXXX

900000290

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

XXXX

900000290

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

CD XX/XX/XXXX is only CD in file. Initial CD missing.

6/XX/2022: Client provided initial CD XX/XX/XXXX

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000290

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

CD XX/XX/XXXX is only CD in file. Initial CD missing.

6/XX/2022: Client provided initial CD XX/XX/XXXX

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000294

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 719 exceeds min requirement of 719

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: Borrower current mortgage history reflects 0 x 30 x 40.

XXXX

900000297

XXXX

(No Data)

ATR/QM: Exempt

CFCFS2860: Good credit history
- XXXX Comments: Good credit history Mortgage/Revolving accounts 0x30x60x99

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: credit scores of 778 is above guides of 720

XXXX

900000302

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1736: Significant time at current residence
- XXXX Comments: B1 have stayed 12+ years at current residence

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 16+ years at current job

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 52.33%; Program max- 80%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 801; Program min- 680

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 1.63% of an available $XXXX in open credit line

XXXX

900000306

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 784 qualifying score. Min required per guidelines is 720.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Mortgage payment history is for 53 months when 12 months are required.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $71,50-.62 or 43.85months PITI, guidelines required 8 months PITI.

XXXX

900000308

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Per COCs 5/XX/22, 5/XX/22, & 6/XX/22, LEs are missing from file.

8.8.22 Client provided 5/XX/22, 5/XX/22 and 6/XX/22.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 58.70%; max allowed per guidelines is 80%.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 41.08%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $8,529.21 or 5.16 months PITIA, guidelines required 3 months PITIA.

XXXX

900000311

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

RESPA

Satisfied

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

Lender's App Date is XX/XX/XXXX; List of homeowners counseling organizations' date is 5/XX/22; the List w/ either issued or receipt date w/i 3 business days of lender's app date missing.

6/XX/2022: Client provided the List of homeowners counseling organizations dated 3/XX/2022.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 9+ years at current job

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrowers have lived 20+ years current residence

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- XXXX Comments: 0x30 for 60+ months

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 32.54%; Program max 45%

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $33,081.08 Reserve requirement: $22,794.00

XXXX

900000311

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

State High Cost

Satisfied

CMPSTHC315

NJ High-Cost Loan by exceeding point and fee threshold

The charges of $22617.27 exceed the Maximum Charges of $22382.22. Charges Margin to Threshold is $234.05. Maximum Charges allowed is 4.50%; Total Charge % is 4.547%.

6/XX/2022: Client asked what documentation will clear this exception. After review from Sr. Compliance, there are two PCCDs dated 5/XX/2022 in file with different fee values. The credit report fee appears to be the main issue. Please provide clarification for different fee values, additional testing may apply. Exception remains.6/XX/2022: Client provided the PCCD dated 5/27 with the credit report fee is disclosed as $228.01 which is already in file and does not clarify the change in fee values. Exception remains.7.8.22 Client provided PCCD 5/XX/22. PCCD provided is currently in file. Exception remains.7/XX/2022: Client provided LOE. After review from Sr. Compliance, it is sufficient to satisfy.

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000314

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Application

Satisfied

CRDAPP130

Application is incomplete

Provide 1003 reflecting correct marital status, as shown by letter of explanation showing borrower is married.

9.13.22: Lender provided the signed 1003 reflecting the correct marital status.

9.13.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $348,824 exceed guidelines $65,166.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 756 qualifying score. Min required per guidelines is 680.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed with XXXX for 6 years and 1 month.

XXXX

900000314

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Satisfied

CRDAST2670

Asset documentation is insufficient per guideline requirements

Provide documentation for sale of XXXX to confirm sufficient assets to close.

9.2.22: Lender provided the fully executed final CD XX/XX/XXXX from sale of REO on XXXX and net proceeds of $XXXX

9.2.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000315

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero percent tolerance increase of $850 between LE 8/XX/2022 and LE 8/XX/2022. The Appraisal fee was added without valid documentation.

9/XX/2022: Client provided COC for increase in appraisal fee.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 764 exceeds guidelines

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 37.40% is below guideline requirement

XXXX

900000316

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 762, exceeds minimum credit score of 680, 82 points.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 43.34% is 6.66% below maximum DTI of 50%.

XXXX

900000316

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

CD XX/XX/XXXX is only CD in file and not provided to borrower at least three days prior to the closing date of XX/XX/XXXX.

6/XX/2022: Client provided CD XX/XX/XXXX with disclosure tracking confirming same day delivery. However, this was not at least three days prior to closing date of XX/XX/XXXX. Exception remains. 6/XX/2022: Client provided final CD XX/XX/XXXX which is already in file. Exception remains as a CD was not provided to borrower at least three days prior to the closing date of 5/XX/2022. 6/XX/2022: Client provided disclosure tracking for a CD that was provided on XX/XX/XXXX however, the CD dated XX/XX/XXXX was not provided. Exception remains.6/XX/2022: Client provided CD XX/XX/XXXX.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000316

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

CD XX/XX/XXXX is only CD in file and not provided to borrower at least three days prior to the closing date of XX/XX/XXXX.

6/XX/2022: Client provided CD XX/XX/XXXX with disclosure tracking confirming same day delivery. However, this was not at least three days prior to closing date of XX/XX/XXXX. Exception remains. 6/XX/2022: Client provided final CD 5/XX/2022 which is already in file. Exception remains as a CD was not provided to borrower at least three days prior to the closing date of XX/XX/XXXX. 6/XX/2022: Client provided disclosure tracking for a CD that was provided on XX/XX/XXXX however, the CD dated XX/XX/XXXX was not provided. Exception remains. 6/XX/2022: Client provided CD 5/XX/2022.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000319

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Per the COC Missing LE 08/XX/22

9/XX/2022: Client provided LE 8/XX/2022.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Borrower's LTV of 50% is below maximum allowed LTV.

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: Borrower's representative score of 791 exceeds the minimum score.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrower's Post Close assets are $26,700.82 or $21.05 months of PITIA reserves.Required PITIA Reserves are $1,268.23 x 3 = $3,804.69

XXXX

900000319

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

XXXX

900000322

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qualifying FICO of 723 is 43 points above the 680 FICO required for the program.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves of 55 months PITIA is 47 months greater than the 8 months reserves required.

XXXX

900000323

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1736: Significant time at current residence
- XXXX Comments: 10 years at current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: 21 years and 7 months in current profession.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 703 qualifying score. Min required per guidelines is 660.

XXXX

900000325

XXXX

(No Data)

ATR/QM: Exempt

N/A

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 722 exceeds guidelines

XXXX

900000326

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero percent tolerance of $300.00 due to Collateral Desktop Analysis fee added on 08/XX/2022 with no valid reason on the COC and increase of appraisal without valid reason. Provide PCCD with cure, copy of cure check, LOE to Borrower and Evidence of delivery via method including tracking information within 60 days of discovery.

9/XX/2022: Client provided PCCD 9/XX/2022, LOE, refund check for $300 and proof of delivery.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner-occupied residence for 5 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 80% is below the maximum LTV.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $361,378.03 or 29.83 months PITIA, guidelines required 3 months PITIA

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 786 exceeds the minimum score.

XXXX

900000326

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Active

CRDAST207

Assets Are Unreasonable

Eight NSFs reflected on bank statements in the most recent 12 months. LOX and lender exception located in file. Considered as non-material.

(No Data)

Not Applicable

XXXX

900000326

XXXX

Non-QM: Lender documented all ATR UW factors

Property Valuations

Property

Active

PRVAPROP2556

Acreage exceeds property eligibility guidelines

Acreage exceeds property eligibility guidelines. Max acreage 10 acres current acreage of subject is XXXX. Lender approved exception in file

(No Data)

Not Applicable

XXXX

900000332

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

Seller fees listed on Settlement Statement but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per XXXX Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 9+ years at current job

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 48.37%; Program max- 90%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 763; Program min- 660

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- XXXX Comments: 0x30 for 60+ months

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 8.56%; Program max- 50%

XXXX

900000332

XXXX

Non-QM: Lender documented all ATR UW factors

Property Valuations

Appraisal

Active

PRVAAPPR4789

Appraisal Deficiency

Appraiser Independence Certification on transferred appraisal- This a lender requested exception with approval in file. Consider as non-material.

(No Data)

Not Applicable

XXXX

900000335

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3952

TRID - CD: The CD Projected Payments section and the CD Loan Disclosures section are not consistent in regards to whether or not an escrow account will be established

On the Loan disclosures section on the final CD the "will have an escrow account" section is checked and the non-escrowed property costs listed, however, there are no escrows per the waiver in the file. The "will not have escrow" box should be checked with reason also checked.

8/XX/2022: Client provided PCCD dated 7/XX/2022-2 and LOE.

8/XX/2022: Exception satisfied.

Non-Numeric

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrowers have resided in current owner occupied residence for 8 years and 4 months.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 75%; max allowed per guidelines is 80%.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Mortgage payment history is for 19 months when 12 months are required.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 800 qualifying score. Min required per guidelines is 660.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $446,647.59 or 98.64 months PITIA, guidelines required 5 months PITIA.

XXXX

900000335

XXXX

Non-QM: Lender documented all ATR UW factors

Property Valuations

Property

Satisfied

PRVAPROP2674

Property Issues Indicated 2

Per guidelines, for Second Home or Investment Property, 30% of the units must be sold or under contract as a primary residence or second home on the subject phase. Appraisal indicates 95.337% is investment property.

8.5.22: Lender response that XXXX Non-Warrantable Condotel approval and the Condotel guidelines #27below dont address the 30% pre-sale because Condotels have to be Established (they cant be New) see guidelines below. The Pre-sale requirements you are referring to are under the Non-Warrantable Condo Section #26 which allows New projects if they meet those pre-sale requirements. Per the attached HOA questionnaire which is also in H20, the project is Established and corrections to the occupancy breakdown on the appraisal were not requested as we were instructed by Condo Management not to request appraisal correction.Upon further review condo meets requirements as condotel.

8.5.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000336

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 26+ years at current job

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 75%; Program max- 90%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 777; Program min- 660

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 4.08% of an available $XXXX in open credit line

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $46,890.14 Reserve requirement: $4,307.52

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 38.10%; Program max- 50%

XXXX

900000339

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC reflects CD dated XX/XX/XXXX was issued. Missing CD XX/XX/XXXX.

9/XX/2022: Client provided CD 8/XX/2022.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 66.63% is below the maximum LTV

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 770 exceeds the minimum score.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 31.69% is below the maximum DTI.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $51,229.39 or 10.88 months PITIA, guidelines required 3 months PITIA.

XXXX

900000339

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3658

TRID - Corrected CD should have been provided; APR is greater than APR 3 business days prior to closing by more than allowable tolerance

APR on initial CD is 7.617, APR on final CD is 7.807 for an increased difference of 0.19.

9/XX/2022: Client provided CD XX/XX/XXXX and tracking which disclosed the APR increase was provided at least three days prior to closing date of XX/XX/XXXX

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000340

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 61.95% is below guideline requirements

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has owned and resided in primary residence for 24 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 773 exceeds guidelines

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: Mortgage payment history is 0x30x99

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $142,548 exceed guidelines requirement of $14,682.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 11.69% is below guideline requirement

XXXX

900000341

XXXX

(No Data)

ATR/QM: Exempt

Credit

Income/Employment

Satisfied

CRDINC2408

Income verification does not meet guidelines

File is missing most recent paystub and most recent 2 years W2s for the primary borrower supporting income used to qualify.

7.1.22: Lender provided the recent paystub and two years W2's.

7.1.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Median FICO > 25 points above guideline minimum of 680.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers have 48.78 months of PITI available in reserves; 5 months required.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI > 10% below guideline maximum of 50%.

XXXX

900000341

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER3256

Seller contributions exceed guideline requirements

Total seller contributions of $4,300 exceeds to maximum allowable contributions of 2%, or $3,200 in this case.

7.1.22: Lender provided the CD XX/XX/XXXX previously in file. The ALTA Settlement Statement printed 6/XX/22 is showing seller credits of $4,300. Provide a corrected ALTA Settlement statement to match the CD XX/XX/XXXX

7.1.22: Exception remains.

(No Data)

Not Applicable

XXXX

900000341

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Satisfied

CRDTER3122

Loan documents do not meet guideline requirements

File is missing the following documentation as required by client guidelines:1) Loans must be submitted to XXXX. File is missing this documentation.2) Notice to Borrower: Ability to Repay Disclosure signed by the borrowers.3) Ability to Repay (ATR) Certification completed by underwriter.

7.1.22: Lender provided the XXXX, ATR certification and ATR disclosure signed by borrowers.

7.1.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000344

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 57% is below guideline requirements

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 745 exceeds guidelines

XXXX

Removed from deal

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Months PITI Reserves (Qual Rate) 71.23 Cash Reserves $112,528.40

CFCFS2860: Good credit history
- XXXX Comments: Borrower has overall good credit history

XXXX

900000348

XXXX

(No Data)

ATR/QM: Exempt

Property Valuations

Appraisal

Satisfied

PRVAAPPR4789

Appraisal Deficiency

Per appraisal subject occupancy listed as owner occupied. Subject transaction is a cash out refinance of investment property. Provide a corrected appraisal report.

7.11.22: Lender provided a corrected appraisal listing occupancy as tenant occupied.

7.11.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: 23 yrs vs 2 yrs

CFCFS1736: Significant time at current residence
- XXXX Comments: 21 yrs vs 2 yrs

XXXX

900000350

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

The Zero tolerance testing failed by $25.00 due to the Appraisal Re-Inspection Fee increases on CD XX/XX/XXXX. The COC's in file do not reflect valid Reasons/Explanations for why the fee was increased. Provide COC for review, or provide borrower with a $25.00 refund, Post CD with cure, LOE and proof of delivery within 60 days of discovery that includes tracking information.

9/XX/2022: Client provided PCCD 9/XX/2022, LOE, Refund check for $25 and proof of delivery.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 670 exceeds the minimum score.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 44.55% is below the maximum DTI.

XXXX

900000352

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC in file reflects an LE was provided to borrower on 8/XX/2022 however, that LE is missing from file.

8/XX/2022: Client provided LE 8/XX/2022.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 7.68% is below guideline requirement

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's representative score is 793

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $98,480 exceed guidelines of $54,077.

XXXX

900000352

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance increase between LE 5/XX/2022 and LE 5/XX/2022 by $250. The Appraisal fee increased without valid reason.

8/XX/2022: Client provided valid COC for appraisal increase.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000352

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Satisfied

CRDAST2670

Asset documentation is insufficient per guideline requirements

Provide copy of Final CD from sale of current Primary on XXXX showing minimum of $XXXX in net proceeds as indicated on Final 1003

8.29.22: Lender provided the CD 8/XX/22 from sale of REO on XXXX with net proceeds to borrower of $XXXX

8.29.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

Removed from deal

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS2860: Good credit history
- XXXX Comments: Borrower has overall good credit history

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 18.21% is below guideline maximum requirement

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 730 exceeds the minimum score.

XXXX

900000358

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrowers have over 21 years in profession.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 80%, maximum LTV guideline is 90%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's representative credit score is 784, minimum allowed is 740.

XXXX

900000358

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero Tolerance Fee of $100 due to (Appraisal Fee & 2nd Appraisal Fee) increased from LE to CD without a detailed explanation for the nature of the change. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower.

6/XX/2022: Client provided COC stating the Appraisal increase is due to request for turn time. After review from compliance department, if the request was made by borrower then we need proof of that request. Our Compliance department's concern is that this exact scenario was addressed by the CFPB in their recent supervisory highlights. 2. Examiners found that certain lenders failed to retain sufficient documentation to establish the changed circumstances validity. Specifically, the lenders disclosed an appraisal fee on initial Loan Estimates and subsequently disclosed appraisal rush fees, in a higher amount, on revised Loan Estimates. The lenders claimed the rush appraisals, which led to the appraisal rush fees, were requested by consumers. However, in each instance, the lender failed to maintain sufficient documentation evidencing the consumers request of the rush appraisals; in fact, the documentation maintained reflected that either the appraisal management company notified the lenders that a rush appraisal would be needed or the lenders loan officers requested the rush appraisal. In certain instances, the lenders documentation included only a checked box indicating the consumer requested the rush appraisal, but there was no other evidence retained reflecting this occurred. In response to these findings, the lenders agreed to remediate affected consumers, revise their policies and procedures to ensure relevant documentation is obtained and maintained, and strengthen relevant quality control audit functions.Exception remains.7.7.22 Client provided PCCD and refund check. Exception satisfied.

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000359

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH3000

# of Tradelines Does Not Meet Guideline Requirements

# of Tradelines Does Not Meet Guideline Requirements ; signed exception approval in file, with 0x30xproof of Rent payments

(No Data)

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 25 years.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 30.91% is below the maximum DTI.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 789 exceeds guideline minimum score.

XXXX

900000360

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrowers' credit score 734 exceeds the minimum score of 620.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Post close assets are $27,896.06 or 31 months PITIA, Reserves required per guidelines are $5,390.4 or 6 months PITI

XXXX

900000361

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 74.47%; max allowed per guidelines is 90%.

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has worked in the transportation industry for 7 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 747 qualifying score. Min required per guidelines is 680.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $145,553.53 or 26 months PITIA, guidelines required 3 months PITIA.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 25.80%, max per guidelines is 50%.

XXXX

900000367

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC reflects LE 6/XX/2022 was issued. Missing LE dated 6/XX/22.

7.11.22 Client provided LE dated 6/XX/22. Missing LE dated 6/XX/22. Exception remains. 7.12.22 Client provided COC. Missing LE dated 6/XX/22. 7.13.22 Client provided LE dated 6/XX/22.

7.12.22: Exception remains.7.13.22 Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrowers have been in profession for 6 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrowers' credit score 750 exceeds the required score of 680

CFCFS5269: Minimal use of credit
- XXXX Comments: Credit usage is minimal at 5%.

XXXX

900000369

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrower has 30.72 months PITI, required is 3 months..

XXXX

900000373

XXXX

(No Data)

ATR/QM: Exempt

Credit

LTV/CLTV

Active

CRDLTV3026

LTV Exceeds Guideline Requirement by at least 5%, but less than 10%

Actual LTV- 75% exceeds program maximum for investments property of 70%. Lender approved exception is in file.

(No Data)

6.30.2022- After further review, exception downgraded to non-material- LTV is over 5% but LTV is 75%. Low DTI of 11.55% and sufficient reserves 32.02 months PITI or $220,909.68

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 17+ years at current job

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- XXXX Comments: 0x30 for 60+ months

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 11.55%; Program max- 50%

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $220,909.68 Reserve requirement: $138,863.36

XXXX

900000375

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3640

TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided

Zero Tolerance testing failed by $175.00 due to the addition of Appraisal Desk Review Fee without valid Change Reasons documented in the file. Lender credit of $25 is on final CD but is not sufficient, $150 more is due to borrower.

6/XX/2022: Client provided COC disclosing reason for desk review fee addition and LE 5/XX/2022.

6/XX/2022: Exception satisfied.

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 39+ years at current job

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 23.56%; Program max- 90%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 811; Program min- 660

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- XXXX Comments: 0x30 for 40+ months

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: 0x30 for 60+ months

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 8.23%; Program max- 45%

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $127,722.52 Reserve requirement: 14,084.00

XXXX

900000378

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Numeric

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has 30 years same line of work.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has 5 years at current job.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Qualifying DTI 43.08% below program maximum 50.00%.

XXXX

900000378

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Active

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

7.7.22: Lender exception in file for use of 85% business assets instead of required 75% per guidelines. Consider as non-material.

7.7.22: Lender provided the documentation for lender exception.Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is an material or non-material exception based on the overall review of the loan file. This exception has been deem non-material and this is XXXX final grade B.

7.7.22: Exception remains.

(No Data)

Not Applicable

XXXX

900000380

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: High fico 720 exceed guide lines.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $160,412.16 exceeds guide lines.

XXXX

900000381

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's credit score 733 exceeds the required score of 640.

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- XXXX Comments: Borrower does not have any major mortgage related occurrences during the past two years

XXXX

900000383

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC reflects LE 6/XX/22 was issued. Missing LE dated 6/XX/22.

7/XX/2022: Client provided LE 6/21.

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 740 qualifying score. Min required per guidelines is 660.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Assets: Verified assets/reserves: $79,397.14 or 25.30 months PITIA. 6 months reserves required for subject 2 month reserve for REOs.

CFCFS1736: Significant time at current residence
- XXXX Comments: 8 years at current residence.

XXXX

900000386

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 20 years and 1 months at current residence.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 707 qualifying score. Min required per guidelines is 680.

XXXX

Removed from deal

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 760 exceeds the minimum score.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves is $121,658.56

XXXX

900000389

XXXX

(No Data)

ATR/QM: Exempt

Credit

Credit/Mtg History

Active

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

Length of mortgage history does not meet guidelines requirement of: 0x30x12;mortgage payment history verified with credit report only reflects 4 months payment history.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 787 exceeds guideline requirements of 720.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: 52.75% LTV below guideline requirements of 75%.

CFCFS2860: Good credit history
- XXXX Comments: Borrower has good credit history.

XXXX

900000390

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's credit score 777 exceeds the required score of 680

CFCFS5269: Minimal use of credit
- XXXX Comments: Credit usage is minimal at 8%.

XXXX

900000396

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has owned present residence for 10 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 731 exceeds minimum credit score of 680, 51 points.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: 62 months mortgage history with no late pays.

XXXX

Removed from deal

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 762 exceeds min score requirement of 740

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been at current job for 13 years.

XXXX

900000398

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: Co-borrower 1 has owned present residence for 9 years. Co-borrower 2 has owned present residence for 25 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 57.62% is 17.38% below maximum LTV of 75%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 730 exceeds minimum credit score of 680, 50 points.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: 55 months mortgage history with no late pays.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $176,110 exceed guidelines required $17,442.

XXXX

900000400

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

RESPA

Satisfied

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

List of homeowners counseling organizations is missing from file.

7/XX/2022: Client provided list of homeowners counseling organizations.

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job
- XXXX Comments: Borrower has been with same employer for 15 years and 3 months.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Per WVOE, borrower has been with same employer for 31 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 708 exceeds minimum credit score of 660, 48 points.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified assets $203,105.73. Cash to close $78,151.79. Post closing cash reserves $124,953.94/44.64 months reserves. 6 months reserves required.

XXXX

900000400

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3706

TRID - Curable Issue #1 related to the Closing Disclosure in file

Replaces exception CMPSTHC315 NJ High-Cost Loan by exceeding point and fee threshold.The Adjusted Charges of $20651.77 exceed the Maximum Charges by $4886.10.

7/XX/2022: Client provided the XXXX report and stated "Per Attached XXXX ( pages 9-10) we did not fail NJ high COST test." After review from Sr. Compliance, the points are excluded due to the start rate being greater than 2 from the benchmark rate. Exception remains.8/XX/2022: Client rebuttal sent to Sr. Compliance. After review, exception can be satisfied.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000400

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

DTI

Satisfied

CRDDTI2540

Missing verification of some or all components of non-subject PITI

Missing verification of property tax amount for REO on XXXX

7.28.22- Lender provided evidence of property taxes for REO on XXXX

7.28.22- Exception satisfied.

(No Data)

Not Applicable

XXXX

900000401

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC in file reflects an LE was provided to borrower on 5/XX/2022 however, that LE is missing from file.

6/XX/2022: Client provided LE 5/XX/2022.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has 4 years at the current job.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 17.69% is below Program Guidelines of 50.00%

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has 4 years at the current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has 4 years in their profession.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $79,267 exceed guidelines $18,177.

XXXX

900000401

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

XXXX

900000401

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH3000

# of Tradelines Does Not Meet Guideline Requirements

B1 having only has 2 trade lines open for 12 months and additional trade opened 1 month.

6.28.22: Lender provided the exception request document previously in file.Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is a material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

6.28.22: Exception remains.

(No Data)

Not Applicable

XXXX

900000402

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Please provide the LE associated with the COC dated 7/XX/22.

9/XX/2022: Client provided LE 7/XX/2022.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 18 years.

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: Mortgage payment history is 0x30x40

XXXX

900000402

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Legal Documents

Active

CRDLGL100

Legal document incorrect or incomplete

Lender exception for use of business funds at 100% vs guidelines of 75%. LTV 80% with borrower invested $XXXX in cash in the deal. Considered as non-material.

(No Data)

Not Applicable

XXXX

900000408

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has owned and resided in subject residence for 18 years.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 15 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score is > 10 points above guideline maximum of 720

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV > 10 points below guideline maximum of 80%

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI > 10 points below guideline maximum of 50%

XXXX

900000409

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves sourced:Months PITI Reserves (Qual Rate) 61.49 Cash Reserves $96,239.98 Exceed guidelines requirements

CFCFS1737: LTV below guideline requirements
- XXXX Comments: 61.43% LTV

CFCFS1736: Significant time at current residence
- XXXX Comments: B2 - 7 years at primary residence

XXXX

900000412

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 19+ years at current job

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 75% is below guideline requirements 90%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 752; Program min- 660

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: 0x30 for 60+ month

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $851,697 exceed guidelines of $79,748.

XXXX

900000412

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Income/Employment

Satisfied

CRDINC150

Income docs do not meet guidelines

Missing the CPA letter for borrowers business.

6.8.22: Lender provided the CPA letter for borrowers business.

6.8.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000412

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Legal Documents

Satisfied

CRDLGL100

Legal document incorrect or incomplete

Missing the Special Power of Attorney specific to the transaction for B1.

6.8.22: Lender provided the "Corrected Agreement Limited Power of Attorney" which is used by lender and title company for typographical type corrections. Missing the Special Power of Attorney specific to the transaction for B1 allowing documents to be signed by his attorney in fact specifically for the purchase of the subject property.6.9.22: Lender provided the Special Power of Attorney specific to the transaction for B1.

6.8.22: Exception remains.6.9.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000412

XXXX

Non-QM: Lender documented all ATR UW factors

Property Valuations

Appraisal

Satisfied

PRVAAPPR175

Missing Review Appraisal required per guidelines

Missing the second full appraisal as required per guidelines. Appraisal in file dated XX/XX/XXXX by appraiser XXXX.

6.8.22: Lender provided the second full appraisal for XX3/XX/22 by XXXX.

6.8.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000418

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 12 years.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has owned and resided in departure residence for 30 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $134,533 exceed guidelines $11,886.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score is > 10 points above guideline maximum of 740

XXXX

900000418

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

Seller fees listed on Seller settlement statement but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per XXXX Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A

(No Data)

Exception satisfied. Final Grade A

Numeric

Not Applicable

XXXX

900000418

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero percent tolerance increase between LE 7/XX/2022 and LE 8/XX/2022 by $150. The Appraisal fee increased without valid reason documented.

9/XX/2022: Client provided COC for increase.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000419

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Insurance

Satisfied

CRDINSR289

Insufficient Hazard Insurance Coverage

Less than 80% of the loan amount for coverage Dwelling

9.15.22: Lender provided HOI with Replacement Cost that is sufficient.

9.15.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been s/e for 7 years and 8 months..

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 5 ears..

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 793 exceeds the minimum score.

XXXX

900000420

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qualifying FICO of 785 is 105 points above the 680 FICO required for the program.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI (Back) of 32.60% is 12.40% below the 45% allowed for the program.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 49.32% is 25.68% below the 75% allowed for the program.

XXXX

900000423

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 762 exceeds guidelines

CFCFS1736: Significant time at current residence
- XXXX Comments: B1 has owned primary residence for 14 years.

XXXX

900000426

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: High Fico 780 exceeds guide lines.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 52% is below lender's guide line maximum.

XXXX

900000432

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COCs in file reflect and LE was provided to borrowers on 5/27, 6/21, 6/23 and 6/29 however, these LEs are missing from file.

7/XX/2022: Client provided LE 6/21, 6/23 and 6/29.

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 702 qualifying score. Min required per guidelines is 680.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 68.49%; max allowed per guidelines is 75%.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 4 years.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 28.15%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $50,568.02 or 14 months PITIA, guidelines required 3 months PITIA.

XXXX

900000432

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3640

TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided

Zero percent tolerance increase of $351 between LE 5/XX/2022 and CD XX/XX/XXXX. The Administration fee increased without valid documentation. The lender credit of $145 is not sufficient. $206 refund is due to borrower with PCCD, LOE. Provide copy of docs and proof of delivery.

7/XX/2022: Client provided PCCD 7/XX/2022, refund check, LOE and proof of delivery.

7/XX/2022: Exception satisfied.

Numeric

Not Applicable

XXXX

900000437

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrower has 9.96 months reserves, 3 months required..

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score is 729 required is 680

XXXX

900000440

XXXX

(No Data)

ATR/QM: Exempt

N/A

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qualifying FICO of 768.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves of 25 months PITIA is 17 months greater than the 8 months reserves required.

XXXX

900000441

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Satisfied

CRDAST2670

Asset documentation is insufficient per guideline requirements

* Missing verification of additional gift funds and source of funds of $475 as stated on the final CD. * Missing verification of source of funds and wire receipt of gift in the amount of $3,841.

8.26.22: Lender provided the Commission Disbursement Authorization that verified the credit of $475 from agent XXXX. Still missing verification of source of funds and wire receipt of gift in the amount of $XXXX: Lender provided the wire receipt from donor to escrow account for gift funds of $XXXX

8.26.22: Exception remains.8.30.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: Mortgage payment history is 0x30x32

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 737 exceeds guidelines

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $36,199 exceed guidelines requirement of $10,000.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 17.13% is below guideline requirement of 45%.

XXXX

900000441

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH3000

# of Tradelines Does Not Meet Guideline Requirements

Lender exception for B1 not meeting the required tradelines; 4 total trades with only 2 that are greater than 12 months. Considered as non-material.

(No Data)

Not Applicable

XXXX

900000441

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Terms/Guidelines

Active

CRDTER3122

Loan documents do not meet guideline requirements

Lender exception for occupying borrower is self employed and not eligible based on less than 2 years and is not contributing to qualifying income. Qualifying income is based on the non-occupant co-borrower. B1 has good VOR history and is contributing the funds necessary to close. B2 provides the required reserves and has excellent mortgage history. Considered as non-material.

(No Data)

Not Applicable

XXXX

900000447

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: High fico 769 exceed guide lines.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 10.87 is below lender's guide line maximum.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in the same profession for 30 years.

XXXX

900000448

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Mortgage payment history is for 21 months when 12 months are required

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $525,579.02 or 314.20 months PITIA, guidelines required 10 months PITIA

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 4 years and 6 months.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 61.82%; max allowed per guidelines is 75%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 781 qualifying score. Min required per guidelines is 700.

XXXX

900000453

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

Realtor Commissions reflected on Seller CD but not in section H of Borrower Final CD. As fees are at least shown this is not a material issue.

(No Data)

Sourced on Seller CD. Condition Satisfied.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 732 exceeds min score requirement of 720.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed for 20 years.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 35% is below max DTI of 50%.

XXXX

900000453

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue.

(No Data)

Sourced on Seller CD. Condition Satisfied.

Numeric

Not Applicable

XXXX

900000457

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 7.7 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Assets are $27,519.17 or 11.32 months PITIRequired reserves are 3 months PITI at $2437.40x3= $7,312.20

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 32.19% is below the maximum DTI.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 747 exceeds guideline minimum score.

XXXX

900000459

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 8.52%, max per guidelines is 50%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 729 qualifying score. Min required per guidelines is 680

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves of $61,560 exceed guidelines required of $7,620.

XXXX

900000459

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID4200

TRID - LE: The LE In 5 Years section has at least one value that is missing or illegible.

LE dated 5/XX/2022 is incomplete and missing page 3.

7.11.22 Client provided LE dated 5/XX/22.

7.11.22 Exception satisfied.

Non-Numeric

Not Applicable

XXXX

900000459

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

Final CD XX/XX/XXXX is only CD in file. Product not disclosed at least three days prior to closing date of XX/XX/XXXX

7.11.22 Client provided CD 6/XX/22. Error has been corrected.

7.11.22 Exception satisfied.

(No Data)

Not Applicable

XXXX

900000459

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

CD XX/XX/XXXX is only CD in file. Provide initial CD given to borrower at least three days prior to closing date of XX/XX/XXXX.

7.11.22 Client provided CD 6/XX/22. Error has been corrected.

7.11.22 Exception satisfied.

(No Data)

Not Applicable

XXXX

900000459

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID4579

TRID - CD: Missing Initial CD

Missing initial CD dated XX/XX/XXXX

7.11.22 Client provided CD 6/XX/22. Error has been corrected.

7.11.22 Exception satisfied.

(No Data)

Not Applicable

XXXX

900000459

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH150

Tradelines do not meet guidelines

Lender exception request for minimum credit not meeting guidelines and less than 5 years residency; 4 trade lines with less than $5,000 and less than 24 months. Considered non-material.

7.13.22: Lender provided the exception request document previously in file. Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is an material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

7.13.22: Exception remains.

(No Data)

Not Applicable

XXXX

900000464

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 788 qualifying score. Min required per guidelines is 680.

XXXX

900000465

XXXX

(No Data)

ATR/QM: Exempt

CFCFS2860: Good credit history
- XXXX Comments: Borrower has overall good credit history

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 47.06% is below the maximum LTV.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 783 exceeds the minimum score.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves is $514,094.25

XXXX

900000467

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC reflects 7/XX/22 a CD was issued. CD XX/XX/XXXX in file states title version not for borrower. COC in file also states an LE was provided on 6/XX/2022 but that LE is not in file.

8/XX/2022: Client provided LE 6/29 and initial CD XX/XX

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves sourced:Months PITI Reserves (Qual Rate) 28.65 Cash Reserves $204,375.00 Exceeds requirements 1 additional financed REO1 free and clear REO

CFCFS2854: Significant time in profession
- XXXX Comments: 12 years in same line of work

CFCFS1736: Significant time at current residence
- XXXX Comments: 10 years at departing residence

XXXX

900000467

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

Due to missing initial CD XX/XX/XXXX

8/XX/2022: Client provided initial CD XX/XX and disclosure tracking confirming a timely delivery.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000467

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

Initial CD issued XX/XX/XXXX with a closing date of XX/XX/XXXX. Loan closed before end of waiting period (3 days not observed).

8/XX/2022: Client provided initial CD XX/XX and disclosure tracking confirming a timely delivery.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000467

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH104

Credit score below guidelines

Credit score 739 Required per guidelines 740. Exception approval located in file, consider as non-material.

(No Data)

Not Applicable

XXXX

900000467

XXXX

Non-QM: Lender documented all ATR UW factors

Property Valuations

Property

Satisfied

PRVAPROP111

Legal Nonconforming w/out Rebuild Letter

Appraiser to provide Rebuild Letter

8.10.22: Lender provided the appraisal with appraiser addendum confirming subject may be rebuilt.

8.10.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000468

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

Earliest CD in file is dated XX/XX/XXXX and not provided to borrower at least three days prior to the consummation date of XX/XX/XXXX

8.26.22 Client provided CD XX/XX/XXXX

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 758 exceeds in requirement of 740

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 80% is below max LTV of 90%.

XXXX

900000468

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

Earliest CD in file is dated XX/XX/XXXX and not provided to borrower at least three days prior to the consummation date of XX/XX/XXXX

8.26.22 Client provided CD XX/XX/XXXX

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000474

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: SE #2 business 5 yrs 10 months

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 27.92% is below guideline requirement

XXXX

900000478

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has owned XXXX for 18 years

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 80%; max allowed per guidelines is 85%.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 26.67%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $21,278.94 or 4.70 months PITIA, guidelines required 3 months PITIA.

XXXX

900000479

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

Seller CD not in file; need in order to complete fee entry

7/XX/2022: Client provided seller CD.

7/XX/2022: Exception satisfied

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 35 years.

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has owned XXXX for 28 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 80%; max allowed per guidelines is 90%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 810 qualifying score. Min required per guidelines is 740

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $119,373.58 or 19.96 months PITIA, guidelines required 3 months PITIA.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 33.23%, max per guidelines is 50%.

XXXX

900000485

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1735: Co-Borrower has significant time at current job
- XXXX Comments: B2 has been self employed at current job for 15 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 785 exceeds guidelines

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 41.30% is below guideline requirements

XXXX

900000489

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 18.67%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $31,522.17 or 8.81 months PITIA, guidelines required 3 months

XXXX

900000495

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC reflects LE 7/XX/22 was issued. Missing initial LE dated 7/XX/22-2 reflecting rate 7.875.

9/XX/2022: Client provided final LE 7/XX/2022-2

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 744 exceeds the minimum score.

CFCFS2854: Significant time in profession
- XXXX Comments: 23 years in current profession.

XXXX

900000498

XXXX

(No Data)

ATR/QM: Exempt

Credit

Income/Employment

Active

CRDINC150

Income docs do not meet guidelines

DSCR 1.063% for first time investor (landlord experience 6 months) does not meet minimum required DSCR of 1.25%. Considered as non-material.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 68.65% is below guideline requirements

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 804 exceeds guidelines

XXXX

900000499

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Per COC 4/XX/22, Revised LE missing.

6/XX/2022: Client provided LE 4/XX/2022.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has 20 years in his profession

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Low LTV at 63.55%, max LTV 75%

XXXX

900000499

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Satisfied

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

Missing 12 month mortgage history, VOM or cancelled checks.

6.17.22: Lender provided the payoff statement from XXXX for reverse mortgage. Property is an inheritance and has been greater than 6 months since awarded. No VOM due to subject payoff mortgage was a reverse mortgage.

6.17.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has 20 years in his profession

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Low LTV at 63.55%, max LTV 75%

XXXX

900000501

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC in file reflects a CD was provided on XX/XX/XXXX however, that CD is not in file.

8/XX/2022: Client provided CD XX/XX/XXXX.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 43.70%, max per guidelines is 50

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 5 years and 5 months.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $26,611.30 or 13.97 months PITIA, guidelines required 3 months PITIA.

XXXX

900000502

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's representative score is 734

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $7,361 exceed guidelines $2,867.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has been at current self employed job for 11 years.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 38.67% is below guideline requirement

XXXX

900000502

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH3000

# of Tradelines Does Not Meet Guideline Requirements

Lender exception for not meeting the minimum required tradelines of 3, borrower has 2. Excellent VOR history, 11 years at current self employed job and DTI of 38.67%. Considered as non-material.

(No Data)

Not Applicable

XXXX

900000503

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 6 years at current residence.

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- XXXX Comments: Borrower does not have any major mortgage related occurrences during the past two years

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's credit score 756 exceeds the required score of 680

XXXX

900000504

XXXX

(No Data)

ATR/QM: Exempt

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in the same profession for 28 years.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 21 years and 1 months..

XXXX

900000507

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Insurance

Satisfied

CRDINSR5351

Insurance Effective date is greater than the transaction date

Effective date 6/XX/22. Borrowers CD disbursement date is XX/XX/XXXX

6.22.22: Lender provided the HOI with effective date 6/XX/22 - 6/XX/23.

6.22.22: Exception satisfied.

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 6+ years at current job

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 75%; Program max- 90%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 809; Program min- 680

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 2.37% of an available $XXXX in open credit line

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $132,631.62 Reserve requirement: $62,653.56

XXXX

900000510

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

RESPA

Active

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

List of homeowners counseling organizations not in file

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 715 qualifying score

CFCFS1744: DTI below guideline requirement
- XXXX Comments: 20.56% DTI

XXXX

900000513

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 724 exceeds guidelines

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 48.50% is below guideline requirements

XXXX

900000515

XXXX

(No Data)

ATR/QM: Exempt

Credit

Income/Employment

Active

CRDINC150

Income docs do not meet guidelines

Lender exception for use of rental income from a ADU. Considered as non-material.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 790 exceeds guidelines

XXXX

900000518

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV b31.43% is elow guideline requirements of 80%.

CFCFS1736: Significant time at current residence
- XXXX Comments: 17 years 1 month at primary residence.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 742 qualifying score. Min required per guidelines is 680.

XXXX

900000519

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed with Best Auto Sale of Miami for 6 years and 4 months.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 70%; max allowed per guidelines is 90%.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Mortgage payment history is for 24 months when 12 months are required.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $54,227 exceed guidelines $11,050.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 33.21%, max per guidelines is 50%.

XXXX

900000520

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance fee increase between LE 7/13 and CD XX/XX by $XXXX. The Broker fee was added without valid documentation.

8/XX/2022: Client provided valid COC.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 773 exceeds guidelines

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has been self employed at current job for 16 years.

XXXX

900000522

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: High fico 773 exceeds guide lines.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 38.38 is below lender's guide line maximum.

XXXX

900000527

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Federal Higher-Priced

Satisfied

CMPFDHP2061

Federal higher-priced mortgage loan; no evidence escrow account was established at closing.

There is no escrow account.

8/XX/2022: Client provided the escrow disclosure statement XX. After review from inside counsel, a PCCD and LOE to borrower is also required. Exception remains.8.26.20 Client provided LOE, PCCD dated 6/XX/22 and IEA.

8.26.2022: Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Qualifying DTI 34.74% below program maximum 50.00%.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Qualifying LTV 49.723% below program maximum 70.00%.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrowers have 7 years 1 month at current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower 1 has 5 years 2 months in same line of work. Borrower 2 has 7 years 3 months in same line of work.

XXXX

900000527

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH3000

# of Tradelines Does Not Meet Guideline Requirements

Co-borrower does not meet minimum tradeline requirement. Co-borrower only has 1 tradeline reported, guidelines require 3. Lender approved exception in file with disposition date of 5/XX/22. Exception approval requires minimum 750 FICO score, max DTI 50%, max LTV 70.00% and 6 months reserves. All requirements of exception have been met.

(No Data)

Not Applicable

XXXX

900000533

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrowers' credit score 767 exceeds the minimum score of 660.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Cash reserves of $159,518.69 or 86 months PITI exceeds the required reserves of $27,282 or 6 months PITI

XXXX

900000535

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 8 years at current residence.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 750 qualifying score. Min required per guidelines is 660.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified assets/reserves: $214,215.28 or 79.49 months PITIA. 6 months reserves required for subject and 2 months PITIA REO reserves.

XXXX

900000541

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 739 qualifying score , minimum 720 per guides

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves sourced:Months PITI Reserves (Qual Rate) 104.48 Cash Reserves $361,199.35

XXXX

900000544

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 782 qualifying score

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: 0 x 30 for 48 months

XXXX

900000548

XXXX

(No Data)

ATR/QM: Exempt

Credit

Application

Satisfied

CRDAPP130

Application is incomplete

Missing page 1 of the 1003

9.9.22: Lender provided the complete Entity Loan Application.

9.9.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's representative score of 697 exceeds the minimum score.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrower's Post Close Assets are $70,694.21 or 122.88 months of PITIA reserves.Required PITIA Reserves are $575.30 x 6 = $3,451.80

XXXX

900000548

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER113

Loan amount is below guideline minimum

Lender exception for loan amount less than minimum of $100,000. Based on compensating factors of high DSCR 1.5 and low LTV 60% considered as non-material.

(No Data)

Not Applicable

XXXX

900000554

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

This exception is informational per XXXX Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $164,508 exceed guidelines of $11,839.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 52.50% is below guideline requirements

CFCFS2860: Good credit history
- XXXX Comments: Borrower has overall good credit history

XXXX

900000554

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

Unable to test a loan product due to missing initial CD in file.

7/XX/2022: Client provided CD XX/XX/XXXX

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000554

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

Final CD XX/XX/XXXX is the only CD in file. Condition is pending receiving initial CD acknowledged by borrowers min 3 days prior to consummation and, if applicable, any revised/ funding CDs

7/XX/2022: Client provided CD XX/XX/XXXX

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000554

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3640

TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided

Zero percent tolerance of $7225 due to added Transfer Tax $7000 on 06/XX/2022 and added CDA fee in amount of $150 and increased Appraisal fee by $75 with no valid reason documented in file. Lender's credit for tolerance cure of $6087.50 was applied but is not sufficient to cover it. Condition is pending receiving a valid Change of Circumstances or PCD reflecting lenders cure, LOE to borrower, a copy of refund in amount of $1137.50 and proof of delivery via shipping that includes tracking information.

7/XX/2022: Client provided COCs dated 5/25 and 6/7. After review from Sr. Compliance, the Appraisal increase COC is valid but the $150 CDA increase COC is not. Please also provide clarification regarding the lender credit of $6087.50 as that amount appears to only be the total of State / Transfer and does not include the City / County amount of $1,050. Updated tolerance cure due to borrower is $1200. Exception remains.7/XX/2022: Client uploaded rebuttal for transfer taxes and 6.30 COC. After review from Sr. Compliance, the entire amount for the City / County tax stamps was added after the fact, and the other transfer fees were refunded as well. This would appear to violate Good Faith disclosure and should be refunded. 1. Good faith requirement for prepaid interest, property insurance premiums, and escrowed amounts. Estimates of prepaid interest, property insurance premiums, and amounts placed into an escrow, impound, reserve or similar account must be consistent with the best information reasonably available to the creditor at the time the disclosures are provided. Exception remains.8/XX/2022: Client provided PCCD 8/XX/2022, LOE, Refund check for $1200 and proof of delivery.

8/XX/2022: Exception satisfied.

Numeric

Not Applicable

XXXX

900000554

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

DTI

Active

CRDDTI187

Debt Ratio > 50%

DTI 54.42% exceeds maximum per guidelines of 50.0%. Lender exception approval request provided. Consider non-material exception.

(No Data)

Not Applicable

XXXX

900000555

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 68.04% is below max LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 795 exceeds the min score requirement of 720.

XXXX

900000556

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS2860: Good credit history
- XXXX Comments: Borrower has overall good credit history

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 38.52% is below the maximum DTI.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 770 exceeds the minimum score per guidelines.

XXXX

900000558

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Satisfied

CRDAST2670

Asset documentation is insufficient per guideline requirements

Missing verification/source of gift funds of $107,000 & $175,000 transferred to escrow.

7.13.22: Lender provided the gift wire receipts directly to escrow for funds of $107,000 and $175,000.

7.13.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 80%; max allowed per guidelines is 85%.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 3 years and 5 months.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 756 qualifying score. Min required per guidelines is 680.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves of $109,856 exceed guidelines of $57,530.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 37.94%, max per guidelines is 50%.

XXXX

900000559

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 799 exceeds guideline requirements.

CFCFS2860: Good credit history
- XXXX Comments: Borrower has good credit history.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: 75.11% LTV exceeds guideline requirement of 97%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $57,273.58 or 11.67 months PITI reserves.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has 20 years in profession.

XXXX

900000559

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero percent tolerance increase between LE 5/XX/2022 and LE 6/XX/2022 by $150. The Appraisal fee increased without valid documentation.

7.12.22 Client provided COC and LE dated 5/XX/22. Error has been corrected.

7.12.22 Exception satisfied.

(No Data)

Not Applicable

XXXX

900000560

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Terms/Guidelines

Active

CRDTER4631

Loan parameters do not meet guidelines

Lender exception for First time home borrower purchasing a second home that does not meet guidelines. Considered as non-material.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 25 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $198,035 exceed guidelines $9,421.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 12.72% is below guideline requirement.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 778 exceeds guidelines

XXXX

900000563

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 760 qualifying score. Min required per guidelines is 740.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 38.11%, max per guidelines is 50%.

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has been in the pest control industry for 26 years and 8 months.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $50,268.53 or 16.45 months PITIA, guidelines required 3 months PITIA.

XXXX

900000564

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

A revised LE is missing from the file. Per Change of Circumstance Detail, a LE was re-disclosed and delivered on 6/XX/22. If applicable, provide completed LE for further testing. Additional conditions may apply.

8/XX/2022: Client provided LE 6/XX/2022.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 75%; max allowed per guidelines is 85%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 726 qualifying score. Min required per guidelines is 680

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $532,745 exceed guidelines of $18,795.

XXXX

900000564

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance cure required in the amount of $25.00 due to change of circumstance issued on 6/XX/22 missing a valid reason for the Appraisal fee increase from $525.00 to $550.00. Provide a LOX, corrected CD with refund and proof of delivery within 60 days of consummation.

8/XX/2022: Client provided COC for increase in appraisal fee. Form stated " market conditions" as reason. Per inside counsel, "market conditions" is not a valid reason. Provide refund of $25, LOE, corrected Closing Disclosure, refund, proof of delivery within 60 days of consummation. Exception remains.8/XX/2022: Client provided additional information regarding the appraisal fee increase. After review from Sr. Compliance, the additional information is sufficient COC for increase.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000564

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Insurance

Satisfied

CRDINSR5351

Insurance Effective date is greater than the transaction date

Homeowners insurance effective date 7/XX/22 is greater than the loan disbursement date XX/XX/XXXX

8.4.22: Lender provided the HOI policy with effective date of 7/XX/22.

8.4.22: Exception satisfied.

Not Applicable

XXXX

900000567

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 755 exceeds guidelines

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves 152,760 exceed guidelines $12,115.

XXXX

900000568

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 38.58%, max per guidelines is 45%.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 70%; max allowed per guidelines is 75%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 762 qualifying score. Min required per guidelines is 680.

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has been a clinical nurse for 7 years and 2 months.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $20,423 exceed guidelines $14,296.

XXXX

900000574

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 20 years at current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: 29 years in profession.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Borrower's DTI 40% is below the max DTI 50%

XXXX

900000576

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 36.63%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $31,274.06 or 7.39 months PITIA, guidelines required 3 months PITIA.

XXXX

900000578

XXXX

(No Data)

ATR/QM: Exempt

Property Valuations

Appraisal

Satisfied

PRVAAPPR3116

Missing updated valuation

Missing updated valuation supporting appraisal value.

9.16.22: Lender provided a second appraisal supporting the value used to qualify.

9.16.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- XXXX Comments: Borrower does not have any major mortgage related occurrences during the past two years

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrowers' credit score 789 exceeds the required score of 680.

XXXX

900000581

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Total LTV is 52.17%

CFCFS2860: Good credit history
- XXXX Comments: Borrower has overall good credit history

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 29.57% is below guideline maximum DTI.

XXXX

900000585

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 737 exceeds min score requirement of 680.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 16 years.

XXXX

900000587

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Satisfied.

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed with XXXX for 5 years and 8 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 722 qualifying score. Min required per guidelines is 660.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 15.48%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $81,343.05 or 26.33 months PITIA, guidelines required 3 months PITIA.

XXXX

900000587

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

Per guidelines, for First-Time Homebuyer, borrowers who live rent fee are not eligible. Signed application reflects borrower is a first time homebuyer, and that he has been at current address for 5 years with no primary housing expense.

(No Data)

Not Applicable

XXXX

900000601

XXXX

(No Data)

ATR/QM: Exempt

Credit

Legal Documents

Active

CRDLGL100

Legal document incorrect or incomplete

Lender exception for acceptance of appraisal transfer to lender from the non-origination lender. Considered as non-material.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 18 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 75% is below max LTV of 80%.

XXXX

900000605

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER3122

Loan documents do not meet guideline requirements

Lender exception for first time investor (less than 12 months property management history) with DSCR 1.0% that does not meet minimum of 1.25%. Considered as non-material.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 759 exceeds guidelines

XXXX

900000607

XXXX

(No Data)

ATR/QM: Exempt

Credit

Income/Employment

Active

CRDINC150

Income docs do not meet guidelines

Lender exception for use of business tax returns to determine ownership percentage while using business bank statements. Considered as non-material.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 752 exceeds guidelines

CFCFS1736: Significant time at current residence
- XXXX Comments: 12 years 11 months

XXXX

900000607

XXXX

(No Data)

ATR/QM: Exempt

Credit

Insurance

Satisfied

CRDINSR3278

Hazard Insurance documentation in file is incomplete

Missing the Homeowners Insurance declaration page. File contains the HOI transfer letter only.

8.29.22: Lender provided the HOI policy dec page and the replacement cost estimate. Sufficient coverage verified.

8.29.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 752 exceeds guidelines

CFCFS1736: Significant time at current residence
- XXXX Comments: 12 years 11 months

XXXX

900000609

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves sourced:Months PITI Reserves (Qual Rate) 229.94 Cash Reserves $1,040,819.87

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 773 qualifying score

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: At job since 2015

CFCFS1735: Co-Borrower has significant time at current job
- XXXX Comments: At job since 2016

XXXX

900000611

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 1.78% is below the maximum guideline requirement

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 792 exceeds guidelines the minimum score

XXXX

900000611

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

XXXX

900000615

XXXX

(No Data)

ATR/QM: Exempt

Credit

Credit/Mtg History

Active

CRDCRMH118

Mortgage/rental lates exceed guidelines

Lender exception to allow 1x30x12 02/XX/22 mortgage history for first time investor. Considered as non-material.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been a current residence for 18 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Borrower LTV of 46.51% is below max LTV of 80%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 756 is above min credit score requirement of 680.

XXXX

900000618

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 7.30%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $48,964 exceed guidelines of $18,774.

XXXX

900000620

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 776 exceeds guidelines

CFCFS1739: Postive mortgage payment history
- XXXX Comments: B1 has 0x30 mortgage history since 2/2020.

XXXX

900000621

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Terms/Guidelines

Active

CRDTER4643

Borrower does not meet guideline requirements

Lender used 85%; however per XXXX Product guide, only 50% should be used since borrower is not of retirement age. Qualified Liquid Assets + $XXXX ($XXXX x 50%- bor is not retirement age) Down Payment - $ 15,000 Closing Cost (cash to close) - $XXXX. 60 Months of Debt Reserves (cash to close) - $XXXX. Usable Assets from above = $XXXX Usable Assets divided by 60 = $XXXX. Total Monthly Debt - $XXXX. Residual Income = negative $XXXX.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 79.73% is below max LTV of 85%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower mid score of 799 is below min score requirement of 680.

CFCFS5269: Minimal use of credit
- XXXX Comments: Borrower has a Credit Line Usage Ratio of only 3%.

XXXX

900000623

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 80%; max allowed per guidelines is 90%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $40,864.30 or 5.72 months PITIA, guidelines required 3 months PITIA.

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has owned a roofing company for 5 years

XXXX

900000629

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 30% is below max LTV of 90%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Total assets verified $1,462,890.35. CTC $933,606.07 leaving reserves of $529,284.28 or 127.57 mos. Guidelines required 3 mos reserves.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 21 years.

XXXX

900000634

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 20 years 1 month

CFCFS1737: LTV below guideline requirements
- XXXX Comments: 56.08% LTV

XXXX

900000637

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been on same job for 9 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Assets are $212,453.39 or 36.27 months PITIRequired reserves are 3 months PITI at $5857.36x3= $17,572.08additional 2 months PITI for XXXX $2,405x2= $4,810for total required of $22,382.08

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 80% is below the maximum LTV per guidelines.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 770 exceeds the minimum score.

XXXX

900000638

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 765 exceeds guidelines

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $328,326 exceed guidelines requirement of $16,904.

XXXX

900000643

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

DTI

Satisfied

CRDDTI2540

Missing verification of some or all components of non-subject PITI

Missing proof of P&I payments with XXXX for primary residence (XXXX) and additional REO (XXXX) both recently refinanced.

9.13.22: Lender response that the payments are not due until September, verified via Note for each property. Per the settlement statements in file these refinances closed XX/XXXX taxes and insurance verified but the Note was not provided for either property. Provide verification of the Note amount for each REO or verification of PITI $11,183.60 for XXXX and $7,973.54 for XXXX.9.16.22: Lender provided the Note for REO's on XXXX and XXXX confirming the PI payment.

9.13.22: Exception remains.9.16.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower mid score of 715 exceeds min score requirement of 680.

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: Borrower has good mortgage history 30 x 0 x 27 mos.

XXXX

900000643

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Terms/Guidelines

Active

CRDTER3122

Loan documents do not meet guideline requirements

Exception for aggregate total of financed with XXXX over $3mil. Borrower has a current aggregate total of financed properties with XXXX of $XXXX. Adding this loan will be $XXXX. Lender Exception approval provided.

9.16.22: Based on compensating factors of high credit score 715, excellent mortgage history and 12 years in same profession, exception considered as non-material.

9.16.22: Exception remains.

(No Data)

Not Applicable

XXXX

Removed from deal

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

Missing seller CD.

8/XX/2022: Client provided the seller CD.

8/XX/2022: Exception satisfied.

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: $529,952.44 or 70.88 months PITI.

CFCFS1736: Significant time at current residence
- XXXX Comments: 25 years at current residence.

XXXX

900000646

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 70%; max allowed per guidelines is 90%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 793 qualifying score. Min required per guidelines is 720

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $830,706.81 or 205.41 months PITIA, guidelines required 3 months PITIA.

XXXX

900000647

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score is 814 of the required 720.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: 68.24% LTV below guideline requirement of 75%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $ 579,312.99 or 223.97 months PITI reserves.

XXXX

900000648

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC reflects LE 5/XX/22 was issued. Missing LE dated 5/XX/22.

7.11.22 Client provided LE dated 5/XX/22.

7.11.22 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: 71% VS 75%

CFCFS2854: Significant time in profession
- XXXX Comments: 5.2 YRS VS 2 YRS

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 707 VS 680

XXXX

900000651

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER3122

Loan documents do not meet guideline requirements

File is missing exception approval for 1.1682 DCR, guidelines show 1.25%.

8.4.22: Lender response the SLE was provided. Upon further review lender exception request in file to waive first time investor requirement of 1.25% DSCR. Considered as non-material. Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is an material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

8.4.22: Exception remains.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Significant time at current residence 18 years 6 months.

XXXX

900000651

XXXX

(No Data)

ATR/QM: Exempt

Credit

Title

Satisfied

CRDTIL875

Title Does Not Agree With Mortgage

Current title vesting does not agree with mortgage and contains non borrowing spouse. Provide updated title with corrected vesting or copy of quit claim deed removing XXXX from title

8.4.22: Lender provided the title commitment listing only B1 as vested to property.

8.4.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Significant time at current residence 18 years 6 months.

XXXX

900000653

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score is 792 of the required 720.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: 65% LTV is below guideline requirements of 80%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $ 20,842.55 or 5.60 months PITI reserves.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: 28.66% DTI below guideline requirement of 45%.

XXXX

900000660

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 791; Program min- 660

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 75%; Program max- 85%

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: 0x30 for 60+ months

CFCFS5269: Minimal use of credit
- XXXX Comments: Borrowers have only made use of 0.82% of an available $XXXX open credit line

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 35.03%; Program max- 50%

XXXX

900000660

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 791; Program min- 660

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 75%; Program max- 85%

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: 0x30 for 60+ months

CFCFS5269: Minimal use of credit
- XXXX Comments: Borrowers have only made use of 0.82% of an available $31,050.00 open credit line

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 35.03%; Program max- 50%

XXXX

900000662

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Two COCs found in file but corresponding disclosures are missing in file. COC dated 7/XX/22 and COC dated 7/XX/22. Please provide corresponding disclosures.

9/XX/2022: Client provided LE 7/XX/2022 however the LE associated with COC 7/27 was not provided. Exception remains.9/XX/2022: Client provided LE 8/XX/2022.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 18 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Assets are $30,890.08 or 5.57 months PITIRequired reserves are 3 months PITI at $5546.21x3= $16,638.63

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score is > 10 points above guideline maximum of 720

XXXX

Removed from deal

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER3262

Property issues indicated

Property type is a XXXX

7.19.22: Lender response - Is loan ineligible for purchase due to property being a XXXX? If not, what documentation is required to clear this condition?XXXX reply that per guidelines log home is an ineligible property.

7.19.22: Exception remains.7.22.22- After further review by senior U/W, exception down graded to non-material. Property is located in an rural area and subject home is typical to the area. Borrower has sufficient reserves of $83,231.91=52.68 months and high fico score of 742

(No Data)

Not Applicable

CFCFS2860: Good credit history
- XXXX Comments: Borrower has overall good credit history

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: Borrower has 59 month mortgage history with no late payments

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified reserves of $83,231.91=52.68 months

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: FICO score of 742 is 22 points higher than 720 min req.

XXXX

Removed from deal

XXXX

(No Data)

ATR/QM: Exempt

Property Valuations

Appraisal

Satisfied

PRVAAPPR3116

Missing updated valuation

The file is missing an updated valuation to support the appraised value. CDA in file not for subject property

7.18.22: Lender provided the CDA that supports the appraised value.

7.18.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000670

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrowers' credit score 732 exceeds the required score of 680

CFCFS1736: Significant time at current residence
- XXXX Comments: 7 years at current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: B1 & B2 have been in profession for 17 years & 12 years respectively.

XXXX

900000674

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero percent tolerance increase between LE 6/23 and LE 6/24 by $150. The Appraisal fee increased but COC doc in file does not give a valid reason.

8/XX/2022: Client provided pdf was damaged and could not be opened. Please resend. 8/XX/2022: Client provided COC for appraisal increase. Appraisal increase reason stated as "due to request for turn time." Please provide documentation if it was at borrower's request. Exception remains.8/XX/2022: Client provided PCCD 8/XX/2022, refund check for $150, LOE to borrower and proof of delivery.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrower has resided in current rental residence for 10 years and 5 months.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 805 qualifying score. Min required per guidelines is 680.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Mortgage payment history is for 126 months when 12 months are required.

CFCFS1745: Significant total monthly debt reduction
- XXXX Comments: Verified cash reserves $528,946.88 or 203.17 months PITIA, guidelines required .3 months PITIA.

XXXX

900000675

XXXX

(No Data)

ATR/QM: Exempt

Credit

Income/Employment

Active

CRDINC150

Income docs do not meet guidelines

Lender approved exception for use of 12 month average of XXXX rental income in place of leases. Subject is used as seasonal rental units. Consider as non-material.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's representative credit score is 701, minimum allowed is 680.

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: Borrower tradelines exceeds the 24 month requirement and $5,000 high credit limit.

XXXX

900000676

XXXX

(No Data)

ATR/QM: Exempt

Credit

Insurance

Satisfied

CRDINSR3278

Hazard Insurance documentation in file is incomplete

Missing evidence of Walls in Coverage for subject property. Only Master Policy provided which does not reflects Walls in coverage. Premium not to exceed $832.80.

9.16.22: Lender provided the borrowers Walls In insurance coverage for subject property.

9.16.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 806 exceeds min score requirement of 680.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 69.32% is below max LTV of 80%.

XXXX

900000680

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Numeric

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 16 years.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed in same line of work for over 20 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Borrower LTV of 69.98% is below the maximum LTV

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves is $252,740.62

XXXX

900000680

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Numeric

Not Applicable

XXXX

900000680

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

File is missing an initial CD. Per Change of Circumstance Detail form there were CDs re-disclosed & delivered on XX/XX & XX/XX/XXXX. These CDs are missing from the file. Complete CDs required for final testing, Additional conditions may apply.

9/XX/2022: Client provided initial CD XX/XX/XXXX and disclosure tracking confirming same day delivery.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000680

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

9/XX/2022: Client provided initial CD XX/XX/XXXX and disclosure tracking confirming same day delivery.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000680

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Insurance

Satisfied

CRDINSR289

Insufficient Hazard Insurance Coverage

Subject property dwelling coverage was $XXXX. Min required coverage is $XXXX unless RCE can be provided to confirm sufficient coverage.

9.9.22: Lender provided the appraisal estimated cost new of $XXXX from appraisal dated 8/XX/22. The file required and provided two appraisals, the additional appraisal dated 8/XX/22 listed the estimated cost new of $XXXX. Provide the RCE to confirm sufficient coverage.9.15.22: Lender provided the Replacement Cost Estimate $619,576 sufficient coverage verified.

9.9.22: Exception remains.9.15.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000680

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Insurance

Satisfied

CRDINSR5351

Insurance Effective date is greater than the transaction date

Missing proof of insurance coverage from closing date. Insurance effective date 8/XX/2022. Loan closed XX/XX/XXXX with a disbursement date of XX/XX/XXXX per PCCD.

9.9.22: Lender provided the HOI policy with effective dates 8/XX/22-8/XX/23, matches the loan disbursement date.

9.9.22: Exception satisfied.

Not Applicable

XXXX

900000681

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrowers have lived 20 years at current residence

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 5+ years at current job

CFCFS5269: Minimal use of credit
- XXXX Comments: Borrowers have only made use of 2.92% of an available $140,630.00 open credit line

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets:$42,143.12 Reserve requirement: $29,801.34.

XXXX

900000682

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves $80,911.97 or 20 months PITI. 6 months for subject and 2 months for Primary REO

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: Borrower has 41 months of 0x30 on current mortgage

XXXX

900000685

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER4643

Borrower does not meet guideline requirements

Lender exception for loan amount $XX that is below the minimum requirement of $100,000. Considered as non-material.

(No Data)

Not Applicable

CFCFS2860: Good credit history
- XXXX Comments: Borrower has good credit history with minimal credit usage.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 797 exceeds min score requirement.

XXXX

900000689

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Numeric

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job
- XXXX Comments: 4 years SE

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Borrower's DTI is 10.13/13.97,

XXXX

900000690

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 732 mid score

XXXX

900000691

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COCs in file reflect CDs were provided to borrower on XX/XX and XX/XX however, those CDs are missing from file.

7/XX/2022: Client provided CDs XX/XX and XX/XX.

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 78.91%; max allowed per guidelines is 85%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 785 qualifying score. Min required per guidelines is 680

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has been a mechanic for 15 years

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $54,189.17 or 14.19 months PITIA, guidelines required 3 months PITIA.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 42.79%, max per guidelines is 50%.

XXXX

900000691

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3640

TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided

Zero percent tolerance increase of $558.63 between LE 6/XX/2022 and CD XX/XX/XXXX. The Origination fee increased and the 2nd Appraisal fee was added without valid documentation. The Lender Credit of $8.63 on final CD is not sufficient.

7/XX/2022: Client provided a detailed COC for addition of 2nd appraisal.

7/XX/2022: Exception satisfied.

Numeric

Not Applicable

XXXX

900000691

XXXX

Non-QM: Lender documented all ATR UW factors

Property Valuations

Appraisal

Satisfied

PRVAAPPR3116

Missing updated valuation

Missing updated Valuation

7.28.22- Lender provided same appraisal dated XX/XX for $XXXX, Provide updated valuation supporting this appraisal value.. Exception remains. 8.1.22: Lender provided a second full appraisal XX/XX/XXXX $XXXX that support the original appraisal.

8.1.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000695

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrowers mid score 766 exceeds min requirement of 680.

CFCFS2860: Good credit history
- XXXX Comments: Borrowers have a good credit history. No lates in the previous 24 mos.

XXXX

900000696

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 29.70% max per guidelines is 50%.

CFCFS1736: Significant time at current residence
- XXXX Comments: 16 years and 10 months at current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: 6 years 3 months in current profession.

XXXX

900000698

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

8/XX/2022: Client provided the seller CD.

8/XX/2022: Exception satisfied.

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self-employed with XXXX for 25 years and 5 months.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 731 qualifying score. Min required per guidelines is 660.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $73,311.49 or 28.87 months PITIA, guidelines required 3 months PITIA.

XXXX

900000700

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has owned XXXX for 10 years

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 9.57%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $642,470.52 or 106.05 months PITIA, guidelines required 3 months PITIA.

XXXX

900000700

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Insurance

Active

CRDINSR3028

Flood Certificate has incorrect or incomplete data

Flood certificate has incorrect address listed.

(No Data)

Not Applicable

XXXX

900000701

XXXX

(No Data)

ATR/QM: Exempt

Credit

Title

Satisfied

CRDTIL875

Title Does Not Agree With Mortgage

Title is vested in XX Trust/Mortgage is vested in XX, Husband and Wife.

8.2.22: Lender provided a corrected mortgage and CD showing vesting in B1 name only.

8.2.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrowers have over 15 years in current job.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has lived in current residence over 6 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's representative credit score is 782, minimum allowed is 720.

XXXX

900000704

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER109

Cash Out Amount Exceeds Guidelines

Per closing disclosure, cash to borrower, in the amount of $XXXX, exceeds the maximum amount of cash to borrower of $1,000,000. Lender requested an exception.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 787 exceeds minimum credit score of 720, 57 points.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV if 28.9757 is 41.0243% below maximum LTV of 70%.

CFCFS1739: Postive mortgage payment history
- XXXX Comments: 69 months mortgage history with no late pays.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified Assets $59,139,735.22/3222.40 months reserves. 17 months reserves required, 9 months for subject and 2 months each for 4 additional properties.

XXXX

900000707

XXXX

(No Data)

ATR/QM: Exempt

Credit

Income/Employment

Active

CRDINC3204

Income Documentation Missing

Current DSCR is 1.083 required DSCR 1.25 lender approved exception located in file

(No Data)

6.30.2022- After further review by senior UW, exception downgraded to non-material. Low LTV of 65% and sufficient reserves $397,797.07 or 83.19 month

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: 65% LTV below guideline requirement of 75%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 768 exceeds guideline requirement of 700.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $397,797.07 or 71.26 months PITI reserves.

XXXX

900000709

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qualifying credit score of 705 exceeds guidelines.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been on current residence for 28 years.

CFCFS1735: Co-Borrower has significant time at current job
- XXXX Comments: Co-Borrower has been on current residence for 18 years.

XXXX

900000712

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC in file reflects an LE was provided on 5/XX/2022 however, that LE is missing from file.

6/XX/2022: Client provided LE 5/XX/2022.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 21+ years at current job

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 774; Program min- 720

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 28.43% of an available $32,250.00 open credit line

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 33.05%; Program max- 50%

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $79,853.05 Reserve requirement: $12,746.00

XXXX

900000712

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero percent tolerance increase of $125 for increase in the Appraisal fee without a valid COC stating reason for increase.

6/XX/2022: Client provided COC and LE 5/XX/2022.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 21+ years at current job

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 774; Program min- 720

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 28.43% of an available $XXXX open credit line

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 33.05%; Program max- 50%

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $79,853.05 Reserve requirement: $12,746.00

XXXX

900000712

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Income/Employment

Active

CRDINC3204

Income Documentation Missing

Missing 2 years 1065 Returns, 2 years 1040 Returns, 1040 Transcripts, Profit and Loss Statement and Balance Sheet for four businesses, and 2021 W2 transcripts. There is lender's approval in file for exception. Borrower qualifies with W2 income alone and per guidelines only requires W2 transcripts

6.29.22: Lender provided the 2020 W2 transcripts and K1 transcripts previously in file.Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is a material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

6.29.22: Exception remains.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 21+ years at current job

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 774; Program min- 720

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 28.43% of an available $XXXX open credit line

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 33.05%; Program max- 50%

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $79,853.05 Reserve requirement: $12,746.00

XXXX

900000713

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 737 mid score

XXXX

900000715

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has 18 + years in current business

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified reserves $177,779,30 exceed required reserves of $75,171.06

XXXX

900000718

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

Please provide evidence that borrower acknowledged receipt of CD 3 days prior to consummation date of XX/XX/XXXX.

9/XX/2022: Client provided initial CD XX/XX/XXXX and disclosure tracking confirming same day delivery.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 10.61% is below the maximum DTI.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 720 exceeds guideline minimum score.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in the same profession for 5 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrower has 13.36 months reserves, 3 months required..

XXXX

900000720

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Per the COCs in file missing LE 04/XX/22, 5/XX/22, LE 05/XX/22-1 and LE 05/XX/22-2

6/XX/2022: Client provided missing LEs.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 41.13%; max allowed per guidelines is 80%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 764 qualifying score. Min required per guidelines is 680.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $300,295 exceed guidelines $58,125

XXXX

900000721

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 3 years and 7 months at current residence.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 747 qualifying score. Min required per guidelines is 680.

XXXX

900000724

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

The Seller CD reflects additional closing costs in Section H that were not disclosed on the Borrower's Final CD.

(No Data)

Condition Satisfied. All Seller fees have been sourced on the Seller CD and included in testing.

Numeric

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 80% is below max LTV of 90%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 788 exceeds min score requirement of 740.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 17 years.

XXXX

900000725

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Right of Rescission

Active

CMPROR1909

Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor

Regulation Z designates the H9 rescission form as the form designed for same lender refinance transactions; for this loan the lender is using the H8 form. Regulation Z has language allowing the use of a substantially similar notice. XXXXs view has been that an H8 protects the lender and assignee to at least the same extent as an H9, but XXXX recognized that one could think that the mere existence of the H9 takes away the substantially similar notice argument. The majority of U.S. Circuit Courts that have opined on the issue have upheld the use of an H8 in a same-lender refinance; therefore, XXXX grades the use of an H8 form in a same-lender refinance as a level 2/B- Non Material exception in those Circuits that have not decided on this issue.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 726 qualifying score. Min required per guidelines is 680.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 61.86%; max allowed per guidelines is 80

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 9.46%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $ $100,578.30 or 10.97 months PITIA, guidelines required 6 months PITIA.

XXXX

900000726

XXXX

(No Data)

ATR/QM: Exempt

Credit

LTV/CLTV

Active

CRDLTV3024

LTV Exceeds Guideline Requirement by less than 5%

Max LTV per guidelines is 75%. Loan reflects LTV of 76.16%. Missing exception approval from file.

9.13.22: Lender provided the appraisal XX/XX/XXXX for $XXXX completed prior to revised appraisal/comps for $XXXX. LTV 76.16% exceeds the maximum allowed for no cash out refinance 2 unit XXXX program of 75%.9.14.22: Lender rebuttal that LTV allowed to 80% with FICO 690.XXXX reply - Subject is a Two Unit property, per Guidelines for Smart Vest no cash out refinance the Maximum LTV on a Two Unit property is 75%.9.16.22: Lender provided exception approval for LTV up to 80% when max allowed is 75.0%. Considered as non-material based on good credit score 690 and rate reduction of 1.375%.

9.13.22: Exception remains.9.14.22: Exception remains.9.16.22: Exception remains.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 690 exceeds min required 660

XXXX

900000726

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER4631

Loan parameters do not meet guidelines

Note reflects loan amount of $xx. Per guidelines Minimum loan amount $100,000. Missing loan Exception approval.

9.13.22: Lender provided the SLE request for exception of loan amount < $100,000. Considered as non-material based on good credit score 690 and rate reduction of 1.375%.

9.13.22: Exception remains.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 690 exceeds min required 660

XXXX

900000726

XXXX

(No Data)

ATR/QM: Exempt

Property Valuations

Appraisal

Satisfied

PRVAAPPR4775

Missing Market Rent Analysis

Missing Form 1007/1000 to support monthly rent used for review.

9.13.22: Lender provided the appraisal 8/XX/22 for $XXXX completed prior to revised appraisal/comps for $XXXX. Still missing the Form 1007/1000 to support monthly rent used for review.9.14.22: Lender provided the opinion of market rent that supports the leases used to calculate DSCR.

9.13.22: Exception remains.9.14.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 690 exceeds min required 660

XXXX

900000733

XXXX

(No Data)

ATR/QM: Exempt

Credit

Credit/Mtg History

Active

CRDCRMH104

Credit score below guidelines

Lender exception for FICO score 672 that is below the minimum required of 680. Low LTV 47.30% and residual income of $7,704.19, considered as non-material.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 47.3% is lower than max LTV of 60%.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 15 years.

XXXX

900000733

XXXX

(No Data)

ATR/QM: Exempt

Credit

DTI

Active

CRDDTI187

Debt Ratio > 50%

Lender exception for DTI > 50% due to using full PITIA of subject property without benefit of rental income. Low LTV 47.30% and residual income of $7,704.19, considered as non-material.

(No Data)

Not Applicable

XXXX

900000733

XXXX

(No Data)

ATR/QM: Exempt

Credit

Income/Employment

Satisfied

CRDINC2408

Income verification does not meet guidelines

Missing the 2020/2021 W2 transcripts as required per XXXX guidelines.

8.16.22: Lender provided the 2020/2021 W2 wage transcripts.

8.16.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000733

XXXX

(No Data)

ATR/QM: Exempt

Credit

Title

Satisfied

CRDTIL875

Title Does Not Agree With Mortgage

Subject title in name of XXXX, a single man and XXXX, a single woman does not match XXXX vesting as XXXX, an unmarried woman. Second owner of subject property was not listed on the mortgage.

8.16.22: Lender provided the recorded Quit-Claim Deed conveying property to borrower.

8.16.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000733

XXXX

(No Data)

ATR/QM: Exempt

Property Valuations

Appraisal

Satisfied

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

Appraisal was subject to inspection of 2 bedrooms. Per appraiser Tenant did not allow to be inspected.

8.16.22: Lender provided the appraisal update of inspection of the two additional bedrooms.

8.16.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000738

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: credit score of 780 exceed guide of 720

CFCFS1737: LTV below guideline requirements
- XXXX Comments: DTI of 44.08 below guide of 75

XXXX

900000740

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Numeric

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 75% is below max LTV of 85%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower mid score of 791 exceeds min score requirement of 680.

XXXX

900000740

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance in amount of $100 due to Appraisal increase on LE 7/XX/22. File contains a COC in file however does not give a valid reason to support it. Condition is pending receiving a valid Change of Circumstances or PCCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information.

8/XX/2022: Client provided a valid COC for increase in appraisal fee.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000740

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Terms/Guidelines

Active

CRDTER4643

Borrower does not meet guideline requirements

Lender exception due to borrowers personal bank account and funds must be sourced and seasoned for a minimum of six months. Not all were seasoned. Considered as non-material.

(No Data)

Not Applicable

XXXX

900000741

XXXX

(No Data)

ATR/QM: Exempt

Compliance

Documentation

Active

CMPDOC2506

Legal docs are signed in name of corporation, partnership or LLC

Legal docs are signed in name of corporation, partnership or LLC.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qualifying FICO of 766 is 46 points above the 720 FICO required for the program.

CFCFS2860: Good credit history
- XXXX Comments: 0 x 30 for the past 24 months on all accounts.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves of 58 months PITIA is 43 months greater than the 15 months reserves required for the program.

XXXX

900000743

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero percent tolerance of $150.00 due to Appraisal fee increased on 05/XX/2022 with no valid reason in file. Provide PCCD with cure, copy of cure check, LOE to Borrower and Evidence of delivery via method including tracking information within 60 days of discovery.

6/XX/2022: Client provided the 5/10 COC with detail for increase in appraisal fee.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in the same profession for 17 years..

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 762 exceed guidelines of 740

XXXX

900000744

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Total verified assets $145475.36. CTC $87481.12 leaving reserves of $57994.24 or 8.39 mos. Program requires 3 mos reserves

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 16.33% well below max guidelines.

XXXX

900000744

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH3000

# of Tradelines Does Not Meet Guideline Requirements

Borrower does not meet minimum tradeline requirement. Lender provided exception approval in file for review.

(No Data)

Not Applicable

XXXX

900000745

XXXX

(No Data)

ATR/QM: Exempt

CFCFS2860: Good credit history
- XXXX Comments: Borrower has overall good credit history

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: Mortgage history with no late payments

XXXX

900000746

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 18 years at current residence.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 768 exceeds guideline minimum score.

XXXX

900000747

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $30,209 exceed guidelines of $18,700.

XXXX

900000752

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 6 years.

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has been in the XXXX industry for 10 years and 5 months.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $162,297.24 or 16.57 months PITIA, guidelines required 6 months PITIA.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 34.16%, max per guidelines is 50%.

XXXX

900000753

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 5+ years at current job

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 65%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 779; Program max- 660

CFCFS5269: Minimal use of credit
- XXXX Comments: Borrowers have only made use of 1.54% of an available $XXXX open credit line

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $21,519.67 Reserve requirement: 13,950.00

XXXX

900000756

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 12.49% is below the maximum DTI.

CFCFS2854: Significant time in profession
- XXXX Comments: 15 years and 8 months in current profession.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 56.52% is below the maximum LTV.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 780 exceeds the minimum score.

XXXX

900000758

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

RESPA

Active

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

Need List of homeowners counseling organizations

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: 4 years and 1 month at current residence.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 776 qualifying score. Min required per guidelines is 740.

XXXX

900000758

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

XXXX

900000760

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1737: LTV below guideline requirements
- XXXX Comments: 63.85% LTV below guideline requirement of 75%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $78,897.98 or 25.95 months PITI reserves.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has 15.10 years at current residence.

XXXX

900000762

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves $101,815.09Required $14,977.68

XXXX

900000763

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Bor mid credit score of 788 exceeds min required score of 680.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified assets: $68803.84 CTC $22602.63. leaving reserves of $46201.21Guidelines require 6 mos reserves for subject and 2 for each additional properties financed. Total 8 mos required. $1209.95 x = $9679.20

XXXX

900000767

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 12 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score is > 10 points above guideline maximum of 740

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Assets are $88,964.50 or 29.73 months PITIRequired reserves are 3 months PITI at $3,0741.36x3= $9,214.08

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV > 10 points below guideline maximum of 90%

XXXX

900000769

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC's reflect LE's 6/XX/22, 6/XX/22, LE 6/XX/22, and CD XX/XX/XXXX were issued. Missing LE's 6/XX/22, 6/XX/22, LE 6/XX/22, and CD XX/XX/XXXX.

8/XX/2022: Client provided missing LEs

8/XX/2022:Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: The borrower has owned XXXX for 21 years

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 53.85%; max allowed per guidelines is 75%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 746 qualifying score. Min required per guidelines is 680

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $26,895.46 or 5.20 months PITIA, guidelines required 3 months PITIA.

XXXX

900000769

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

Due to missing CD XX/XX/XXXX

8/XX/2022: Client provided initial CD XX/XX and CD XX/XX

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000769

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

Due to missing CD XX/XX/XXXX

8/XX/2022: Client provided initial CD XX/XX and CD XX/XX.

8/XX/2022: Exception satisfied but exception XX triggered as a result of entering CDs.

(No Data)

Not Applicable

XXXX

900000769

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3658

TRID - Corrected CD should have been provided; APR is greater than APR 3 business days prior to closing by more than allowable tolerance

The APR on CD XX/XX/XXXX is 5.014% and increased to 5.372% on final CD XX/XX/XXXX. Increase of 0.358% is over the allowable tolerance of 0.125% for a fixed rate loan. a redisclosed CD should have been provided at least three days prior to closing date of XX/XX

8/XX/2022: Lender stated CD XX/XX/XXXX was not provided to borrower.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000770

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

CD XX/XX/XXXX signed on closing date is only CD in file.

9/XX/2022: Client stated "Please advise, as per the attached audit history I do not show that there was ever a product change that occurred on this file as it only shows the XXXX 30 Year Fixed product." The product feature was not disclosed because the only CD in file is the final CD signed on XX/XX. Exception remains.9/XX/2022: Client provided initial CD XX/XX/XXX.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 712 exceeds minimum score per guidelines.

CFCFS5269: Minimal use of credit
- XXXX Comments: Borrower has only a .58% use of credit usage ratio.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves is $82,058.01

XXXX

900000770

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

CD XX/XX/XXXX signed on closing date is only CD in file.

9/XX/2022: Client provided initial CD XX/XX/XXXX

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000770

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero percent tolerance increase between LE 7/21 and LE 7/27 by $250. Appraisal fee increased without valid reason.

9/XX/2022: Client provided COC for appraisal increase.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000770

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Terms/Guidelines

Active

CRDTER3122

Loan documents do not meet guideline requirements

FTHB living rent free with no housing history. Lender Exception approval provided.

9.16.22: Lender response - Please verify whether SLE will suffice to consider condition as non-material. XXXX reply the condition has already been graded as non-material. Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is a material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

9.16.22: Exception remains.

(No Data)

Not Applicable

XXXX

900000772

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC in file for 7/XX/22 and 8/XX/22, missing corresponding CD or LE.

9/XX/2022: Client provided LE 7/25 and CD 8/18.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: B1 has 0x30 credit history since 9/2000.

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has been self employed at current job for 5 years.

XXXX

900000772

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

Missing Seller CD.

9/XX/2022: Client provided the seller CD.

9/XX/2022: Exception satisfied.

Not Applicable

XXXX

900000772

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Legal Documents

Satisfied

CRDLGL100

Legal document incorrect or incomplete

Provide a legible copy of pages 4, 5 & 6 of the appraisal.

9.14.22: Lender provided the complete legible appraisal for the subject property.

9.14.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000785

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Satisfied

CRDAST2670

Asset documentation is insufficient per guideline requirements

Missing HUD-1 or CD from sale of departure residence on XXXX confirming net proceeds of $XXXX as listed on the final 1003.

8.29.22: Lender provided the final settlement and CD confirming net proceeds from sale of REO on XXXX of $XXXX

8.29.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 64.62% is below max guideline of 90%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $70,873 exceed guidelines $9,858.

XXXX

900000787

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3716

TRID - Curable issue related to the Closing Disclosure in file

(No Data)

Exception satisfied. Final Grade A.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 37.40% max per guidelines is 50%

CFCFS1736: Significant time at current residence
- XXXX Comments: 8 years at current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: 5 years at current profession.

XXXX

900000788

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 705 min per guidelines is 680.

CFCFS1736: Significant time at current residence
- XXXX Comments: 23 years at current residence.

XXXX

900000792

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 746 exceeds minimum of 680

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 67.56 is less than max of 80%

XXXX

900000793

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $155,948.21 or 20.56 months PITIA, guidelines required 3 months PITIA.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 31%, max per guidelines is 50%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 718 qualifying score. Min required per guidelines is 680

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 78.04%; max allowed per guidelines is 85%.

XXXX

900000793

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

(No Data)

Exception satisfied. Final Grade A.

Numeric

Not Applicable

XXXX

900000793

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

Missing seller CD.

8/XX/2022: Client provided Seller CD. As a result, exceptions XX and XX were generated.

8/XX/2022: Exception satisfied.

Not Applicable

XXXX

900000793

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Insurance

Satisfied

CRDINSR5351

Insurance Effective date is greater than the transaction date

Per final CD disbursement date 07/XX/2022 HOI effective date 07/XX/22

8.2.22: Lender provided the corrected HOI policy from USAA showing effective date 7/XX/22-7/XX/23.

8.2.22: Exception satisfied.

Not Applicable

XXXX

900000796

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC dated 8/XX/22 found in file but a corresponding disclosure is missing. Please provide.

9/XX/2022: Client provided CD XX/XX/XXXX

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self employed for 20 years..

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 52.89% is below the maximum LTV.

XXXX

900000796

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

RESPA

Satisfied

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

List of homeowners counseling organizations not in file

9/XX/2022: Client provided the homeowners counseling organizations list.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000796

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance in amount of $350 as Appraisal fee increased from $550 to $900 on LE 8/XX/22. COC dated 8/XX/22 doesn't state a reason why fee was increased. Condition is pending receiving a valid Change of Circumstances or PCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information.

9/XX/2022: Client provided COC for increase in Appraisal fee.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000799

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance in amount of $175 due to added CDA fee without a valid COC in file. COC dated 7/XX/22 doesn't provided a reason why fee was requested. Condition is pending receiving a valid Change of Circumstances or PCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information.

8/XX/2022: Client provided PCCD 8/XX/2022, LOE to borrower, refund of $175 and proof of delivery.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: 36 years and 6 months in current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: 12 years in current profession.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 760 qualifying score. Min required per guidelines is 660.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Max LTV 85% File LTV 35.06%

XXXX

900000805

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has been in the XXXX industry for 3 years and 11 months

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 24.49%, max per guidelines is 50%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 752 qualifying score. Min required per guidelines is 680.

XXXX

900000808

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

RESPA

Satisfied

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

Application date is 5/XX/22. Homeowners Counseling Organizations is dated 5/XX/22.

7/XX/2022: Client provided Homeowners Counseling Organizations dated 5/XX/2022.

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: 5 years an 3 months at current residence.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Max DTI 50% File DTI 28.20%

XXXX

900000811

XXXX

(No Data)

ATR/QM: Exempt

Credit

Assets

Satisfied

CRDAST2670

Asset documentation is insufficient per guideline requirements

Borrower only provided 1 month statement for HNB.

7.5.22: Lender provided the 3/22-4/22 and 4/22-5/22 account statements from XXXX

7.5.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 5 years and 2 months.

XXXX

900000812

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has been self employed for 11 years.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 6 years.

XXXX

900000814

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been in same profession for 25 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $244,139 exceed guidelines of $40,326.06.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 75% is below guideline maximum of 85%

XXXX

900000818

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero Tolerance Fee of $150.00 due to Appraisal Desktop Review increased from LE to CD. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower.

7/XX/2022: Lender provided PCCD 6/XX/2022, LOE and refund to borrower.

7/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 80%; Program max- 85%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 721; Program min- 680

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: 0x30 for 48 months

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 36.18%; Program max- 50%

XXXX

900000818

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Income/Employment

Active

CRDINC150

Income docs do not meet guidelines

B1 is using Bank Statements with a non-borrower listed on it for income calculation. Lender's approved exception in file granted permission.

6.28.22: Lender provided the exception request documentation previously in file.Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is a material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

6.28.22: Exception remains.

(No Data)

Not Applicable

XXXX

900000824

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER3122

Loan documents do not meet guideline requirements

Lender exception for the purchase investment property for first time home buyer. Consider as non-material.

6.15.22: Lender provided the exception request previously in file. Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is a material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

6.15.22: Exception remains.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: Borrower has stable employment with 16 years at current job.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $50,218.53 exceed guide lines of $4,223.64..

XXXX

900000826

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS2854: Significant time in profession
- XXXX Comments: 22 years in profession.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's credit score 704 exceeds the required score of 680.

XXXX

900000828

XXXX

(No Data)

ATR/QM: Exempt

Credit

Credit/Mtg History

Active

CRDCRMH3000

# of Tradelines Does Not Meet Guideline Requirements

Lender exception for B1 not meeting the minimum tradelines of 3 for 12 months. Consider this as non-material.

6.15.22: Exception remains.

(No Data)

Not Applicable

CFCFS2860: Good credit history
- XXXX Comments: Good credit history Revolving/Mortgage 0x30x60x99

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score of 704 exceeds guides of 680

XXXX

900000832

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's representative score is 771

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves 32,281 exceed guidelines of $20,361.

XXXX

900000834

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Title

Satisfied

CRDTIL796

Missing Title

Missing Title commitment

9.9.22: Lender provided the title commitment.

9.9.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrower's Post close Assets are $336,764.84 or 29.48 months of PITIARequired PITIA Reserves are $11,422.04 x 9 = $102,798.36

XXXX

900000835

XXXX

(No Data)

ATR/QM: Exempt

Credit

Income/Employment

Active

CRDINC150

Income docs do not meet guidelines

Lender exception for use of form 1007 for non subject investment property purchased concurrently with funds for subject delayed financing transaction. Considered as non-material.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 796 exceeds guidelines of 720

CFCFS2854: Significant time in profession
- XXXX Comments: B1 has been in current profession for 20 years.

CFCFS1736: Significant time at current residence
- XXXX Comments: 5 YRS VS 2 YRS

XXXX

900000837

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qualifying FICO of 722 is 62 points above the 660 FICO required for the program.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves of 17 months PITIA is 11 months greater than the 6 months reserves required.

XXXX

900000838

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has been employed in the coffee distribution industry for 15 years and 11 months

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 771 qualifying score. Min required per guidelines is 680.

XXXX

900000840

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 10 years at current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: B1 has been in profession for 20 years.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrowers' credit score 796 exceeds the required score of 680.

XXXX

900000843

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 744; Program min- 660

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $61,045.00 Reserve requirement: 53,661.30

XXXX

900000847

XXXX

(No Data)

ATR/QM: Exempt

Property Valuations

Property

Active

PRVAPROP111

Legal Nonconforming w/out Rebuild Letter

7.7.22: Lender response to please accept this rebuttal letter confirming XXXX is unable to provide the (document); The agencies themselves no longer require the rebuild letter. Still missing the appraiser statement that subject may be rebuilt if destroyed.

7.7.22: Exception remains.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 775 exceeds guidelines

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 53.44% is below guideline requirements

XXXX

900000849

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

DTI

Active

CRDDTI187

Debt Ratio > 50%

DTI of 54.21% is 4.21% greater than the 50% DTI allowed under the program. Consider as non-material.

7.18.22: Lender provided the exception request document previously in file.Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is an material or non-material exception based on the overall review of the loan file. This exception has been deem non-material and this is XXXX final grade B.

7.18.22: Exception remains.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserves of 61 months PITIA is 50 months greater than the 11 months reserves required for the program.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qualifying FICO of 766 is 106 points above the 660 FICO required for the program.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 65% is 25% below the 90% allowed for the program.

XXXX

900000849

XXXX

Non-QM: Lender documented all ATR UW factors

Property Valuations

Appraisal

Satisfied

PRVAAPPR173

Comp Photos Unacceptable

Appraisal is missing Comp Photos for Comps 1, 3, 4, and 6.

7.19.22: Lender provided the appraisal with all comps present.

7.19.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000855

XXXX

(No Data)

ATR/QM: Exempt

Credit

Assets

Satisfied

CRDAST2670

Asset documentation is insufficient per guideline requirements

the borrower is using funds to close from Refi on HELOC. Estimated HUD provided; Final HUD required

8.29.22: Lender provided the final refinance statement from refinance HELOC account with net funds to borrower $XXXX. Sufficient funds verified.

8.29.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 9 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 70%; max allowed per guidelines is 85%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 780 qualifying score. Min required per guidelines is 680.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $21,980.35 or 8.59 months PITIA, guidelines required 3 months PITIA.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 37.87%, max per guidelines is 50%.

XXXX

900000860

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Per COC 5/XX/22 in file, LE 5/XX/22 was issued but missing in file. COC 7/XX/22 in file, LE 7/XX/22 issued but missing in fileCOC 7/XX/22 in file, CD XX/XX/XXXX issued but missing in fileCOC 7/XX/22 in file, CD XX/XX/XXXX missing in file.

8/XX/2022: Client provided missing LEs and CDs.

8/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Borrower has a low LTV of 15.06%. Max guideline is 80%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower mid score of 751 exceeds min score of 680.

XXXX

900000860

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3640

TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided

Zero tolerance triggered due to several disclosures missing in file - separate exception triggered XX. Lender's credit of $441 was applied for increased Appraisal fee by $300 and Credit Report fee by $141. Condition is pending receiving all disclosure for further testing. Additional conditions may apply.

8/XX/2022: Client provided missing LEs and CDs. Addition of CDA and increase of Administration fee on LE 5/18 does not have a valid COC in file. Amount due borrower is $401 with Letter of explanation, corrected Closing Disclosure and proof of delivery. Exception remains.8/XX/2022: Client provided their tolerance comparison screenshot and stated the $441 lender credit on CD is for the appraisal and credit report fee increase. We agree that the lender credit is for those fees but another $401 is due for the increase of the Administration and CDA fees on LE 5/18. The COC in file for that LE is not valid. Exception remains. 8/XX/2022: Client provided COC for increase in Administration and CDA fees. After review from Sr. Compliance, COC is valid.

8/XX/2022: Exception satisfied.

Numeric

Not Applicable

XXXX

Removed from deal

XXXX

(No Data)

ATR/QM: Exempt

Credit

Terms/Guidelines

Active

CRDTER3122

Loan documents do not meet guideline requirements

Lender exception relating to guidelines require max CU score of 3.5%. CU score in file 4.0%. Considered as non-material.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $157,390 exceed guidelines $89,150.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower mid score of 760 exceeds min score requirement of 680.

XXXX

900000863

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 75%; max allowed per guidelines is 90

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has been a Web Developer for 15 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $73,492.68 or 16.63 months PITIA, guidelines required 3 months PITIA.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 39.94%, max per guidelines is 50%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 757 qualifying score. Min required per guidelines is 680

XXXX

900000865

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1736: Significant time at current residence
- XXXX Comments: 20 years 1 month

XXXX

900000868

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

DTI

Active

CRDDTI187

Debt Ratio > 50%

Loan Exception Approval in file. Exception to allow maximum DTI of 55% vs. maximum allowable 50%

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 5 years.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrower has been a Doctor for 29 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 72.36% is below max LTV of 90%.

XXXX

900000870

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS2854: Significant time in profession
- XXXX Comments: 20 years in current profession.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 686 qualifying score. Min required per guidelines is 660.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Assets: Verified assets/reserves: $136,084.39 or 55.05 months PITIA. 6 months reserves required for subject.

XXXX

900000872

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 746 mid score

XXXX

900000874

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

(No Data)

Numeric

Not Applicable

CFCFS1739: Postive mortgage payment history
- XXXX Comments: Mortgage history for departing residence reports 29 mos. 0x30.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Total assets documented $247,843.51 (All Liquid). Funds required to close $139,494.49. Cash reserves $108,349.12. Reserves required $4,199.20*3 mos.=$12,597.60.

XXXX

900000874

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH104

Credit score below guidelines

Representative credit score 644 below program requirement 660. Lender approved exception in file to allow credit score of 644. Terms of exception limit LTV/CLTV to 80.00% and requires $4,500.00 residual income. Consider as non-material.

7.11.22: Lender provided the exception request documentation previously in file. Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is an material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

7.11.22: Exception remains.

(No Data)

Not Applicable

XXXX

900000874

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Income/Employment

Active

CRDINC150

Income docs do not meet guidelines

Lender exception in file to allow use of 1099 wage transcript in lieu of actual 1099. Terms of exception limit LTV/CLTV to 80.00%, reserves of $50,000 and no lates in last 24 mos. Consider as non-material.

7.11.22: Exception remains.

(No Data)

Not Applicable

XXXX

900000878

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 33% is below max LTV of 75%

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 24 years.

XXXX

900000879

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 75% is less than maximum of 90%

XXXX

900000880

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 777 exceeds guidelines

CFCFS1740: Mortgage payment history exceeds guidelines
- XXXX Comments: B1 has prior mortgage history paid as agreed since 10/2016.

XXXX

900000884

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Credit/Mtg History

Active

CRDCRMH104

Credit score below guidelines

660 qualifying score. Min required per guidelines is 680.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 43.36%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $29,586.45 or 22.56 months PITIA, guidelines required 3 months PITIA.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has resided in current owner occupied residence for 8 years.

XXXX

900000886

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

Seller CD not in file; need in order to complete fee entry

7/XX/2022: Client provided final settlement statement which includes the seller-paid fees.

7/XX/2022: Exception satisfied.

Not Applicable

CFCFS2854: Significant time in profession
- XXXX Comments: The borrower has owned XXXX for 10 years and 10 months

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 780 qualifying score. Min required per guidelines is

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 65%; max allowed per guidelines is 90%.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI is 20.19%, max per guidelines is 50%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $26,329.85 or 4.96 months PITIA, guidelines required 3 months PITIA.

XXXX

900000887

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC in file reflects an LE was provided to borrower on 6/1 and 5/31 but those LEs are missing from file.

7/XX/2022: Client provided LE 5/31 and 6/1.

7/XX/2022: Exception satisfied however, exception XX generated as a result.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 5+ years at current job

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 756; Program min- 720

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: 0x30 for 60+ months

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 22.27% of an available $XXXX credit line

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 23.91%; Program max- 30%

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- XXXX Comments: 0x30 for 60+ months

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $375,838.29 Reserve requirement: $250,500.00

XXXX

900000887

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

LE's 5/XX/22 and 6/XX/22 are not signed and there is no evidence in file to determine when they were delivered to borrower.

7.12.22 Client provided disclosure tracking.

7.12.22 Exception satisfied.

(No Data)

Not Applicable

XXXX

900000887

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero percent tolerance increase of $4800.80. The Appraisal fee increased from $XXXX to $XXXX without valid reason and the Transfer Taxes aggregate increased from $12980 on LE to $17180.80 on CD. $XXXX due to borrower, Letter of explanation, corrected Closing Disclosure, copy of refund, proof of delivery within 60 days of consummation.

7.5.22 Client provided COC's. 2nd Appraisal was added on CD XX/XX/XXXX and Taxes increased from LE 6/XX/22 $12,980 to CD XX/XX/XXXX 17,700. Exception remains. 7.12.22 Client provided COC. Error has been corrected.

7.12.22 Exception satisfied.

(No Data)

Not Applicable

XXXX

900000887

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

LTV/CLTV

Active

CRDLTV3026

LTV Exceeds Guideline Requirement by at least 5%, but less than 10%

LTV of 85% exceeds guideline maximum allowable LTV of 80% due to 2 Appraisal required and using lower appraised value. There is a lender approval in file for this exception. subject to B1 having attached compensating factors

(No Data)

6.30.2022- After further review by senior u/w, exception downgraded to non material- Borrower has low DTI at 23.91%, 22.51 months PITIA in reserves or $375,838.29

(No Data)

Not Applicable

XXXX

900000893

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: $ 44,308.96 Verified cash reserves exceed guidelines of $15,735.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score is 787 of the required 720.

CFCFS2860: Good credit history
- XXXX Comments: Borrower has good credit history.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has 30.2 years at current residence.

XXXX

900000894

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

Final CD XX/XX/XXXX is only CD in file. Product not disclosed at least three days prior to closing date of XX/XX/XXXX

6/XX/2022: Client provided initial CD 6/XX/2022 e-signed by borrower which confirms delivery at least three days prior to closing.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 10+ years at current job

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 8.03% of an available $XXXXn available open credit line

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 36.53%; Program max- 50%

XXXX

900000894

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

CD XX/XX/XXXX is only CD in file. Provide initial CD given to borrower at least three days prior to closing date of XX/XX/XXXX

6/XX/2022: Client provided initial CD XX/XX/XXXX e-signed by borrower which confirms delivery at least three days prior to closing.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 10+ years at current job

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 8.03% of an available $XXXX in available open credit line

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 36.53%; Program max- 50%

XXXX

900000894

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Active

CRDAST115

Cash reserves do not meet guidelines

B1 does not meet minimum reserve requirement using 75% of business funds as permitted by guideline. Exception in file requests for borrower to use 90% of business fund and it was approved. Considered as non-material.

6.30.22: Lender provided the exception request document previously in file.Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is a material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

6.30.22: Exception remains.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 10+ years at current job

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 8.03% of an available $XXXX in available open credit line

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 36.53%; Program max- 50%

XXXX

900000895

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero percent tolerance increase between LE 4/XX/2022 and LE 5/XX/2022 by $295. The Appraisal fee increased without valid documentation in file. COC in file only states the new appraisal fee but does not state the reason for the increase.

6/XX/2022: Client provided detailed COC for increase in appraisal fee.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Max DTI 50% borrower has 24.44%

CFCFS2854: Significant time in profession
- XXXX Comments: Borrowers SE since 2013

XXXX

900000895

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Assets

Satisfied

CRDAST206

Asset Amounts Are Unsupported by Documentation in File

Missing documentation that gift of $15791 was sent to Title

6.17.22: Lender provided the gift letter which states gift transferred directly to escrow.

6.17.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Max DTI 50% borrower has 24.44%

CFCFS2854: Significant time in profession
- XXXX Comments: Borrowers SE since 2013

XXXX

900000900

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 781 qualifying score. Min required per guidelines is 680.

CFCFS1736: Significant time at current residence
- XXXX Comments: 11 year and 7 months at current residence.

XXXX

900000901

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC reflects LE 5/XX/22 was issued. Missing LE dated 5/XX/22.

7.11.22 Client provided LE dated 5/XX/22.

7.11.22 Exception satisfied.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit
- XXXX Comments: Credit usage is minimal at 7%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's credit score 809 exceeds the required score of 680

CFCFS1736: Significant time at current residence
- XXXX Comments: 25 years at current residence.

XXXX

900000902

XXXX

(No Data)

ATR/QM: Exempt

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 727 qualifying score. Min required per guidelines is 680

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 78.43%; max allowed per guidelines is 90%.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $209,901.03 or 59.59 months PITIA, guidelines required 3 months PITIA.

XXXX

Removed from deal

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

LOE found in file dated 5/27 indicating post CD was issued but disclosure is missing in file.

6/XX/2022: Client provided missing CD XX/XX/XXXX.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit
- XXXX Comments: B1 has only made use of 7.73% of an available $XXXX in open credit line

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Calc DTI- 6.11%; Program max 50%

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrowers Post Close Assets: $46,657.06 Reserve requirement: $18,300.00

XXXX

900000910

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: 7 years at current job.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrowers' credit score 740 exceeds the minimum score of 660

CFCFS1744: DTI below guideline requirement
- XXXX Comments: Borrowers' DTI 21% is below the max DTI 45%

XXXX

900000912

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has 25+ years at current job

CFCFS1736: Significant time at current residence
- XXXX Comments: B1 has stayed 13+ years current residence

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 23.58%; Program max- 75%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 789; Program min- 680

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- XXXX Comments: 0x30 for 60 months

CFCFS5269: Minimal use of credit
- XXXX Comments: Borrowers has only made use of 4.78% of an available $XXXX in open credit line

XXXX

900000913

XXXX

(No Data)

ATR/QM: Exempt

N/A

Credit

Terms/Guidelines

Active

CRDTER3122

Loan documents do not meet guideline requirements

Lender exception due to DCR of 1.11 is less than minimum 1.25 requirement for First Time Investor. Considered as non-material.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 18 years

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Mid credit score of 772 exceeds min requirement of 680.

XXXX

900000924

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV- 54.05%; Program max- 70%

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Qual score- 790

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: 0x30 for 60+ months

CFCFS5269: Minimal use of credit
- XXXX Comments: Borrowers have only made use of 9.84% of an available $XXXX open credit line

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Asset: Borrowers Post Close Assets: $887,580.05 Reserve requirement: 3 months PITIA subject, met

XXXX

900000929

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Legal Documents

Satisfied

CRDLGL2277

Note Not Executed

Missing signature page of note.

6.9.22: Lender provided the fully executed Note.

6.9.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 9+ years at current job

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 785 exceeds guidelines

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 75.58% is below guideline requirements

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: 0x30 for 60+ months

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Reserve requirement: $60,000.00Available Reserve: $223,007.90

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 11.49% is below guideline requirement

XXXX

900000929

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Legal Documents

Satisfied

CRDLGL2862

Copy of Note in file is incomplete

The last page of the note is not in the file.

6.9.22: Lender provided the fully executed Note.

6.9.22: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000931

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Per the COC in file CD dated XX/XX/XXXX is missing from the file

9/XX/2022: Client provided CD XX/XX/XXXX

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV of 66.67% is below the maximum LTV.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Borrower's Post Close Assets are $19,511.54 or 7.81 months of PITIA reserves.Required PITIA Reserves are $2,497.37 x 3 = $7,492.14

CFCFS1736: Significant time at current residence
- XXXX Comments: 12 years at departing residence

XXXX

900000931

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

RESPA

Satisfied

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

List of homeowners counseling organizations not in file

9/XX/2022: Client provided HC list.

9/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000938

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5215

TRID - Seller-paid Fee that should be disclosed in Section H is not disclosed.

Realtor Commissions reflected on Post Close CD but not in section H of Borrower Final CD. As fees are at least shown this is not a material issue. This exception is informational per XXXX Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A.

(No Data)

Numeric

Not Applicable

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 43.82%, maximum LTV guideline is 80%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's representative credit score is 769, minimum allowed is 740.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrowers have over 15 years in profession.

XXXX

900000938

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

Missing Seller CD.

7/XX/2022: Client provided the seller CD.

7/XX/2022: Exception satisfied.

Not Applicable

XXXX

900000940

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower mid score of 780 exceeds min score requirement of 740.

CFCFS1736: Significant time at current residence
- XXXX Comments: Borrower has been at current residence for 18 years.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: Borrower LTV of 57.69% is below max LTV of 90%

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $292,475 exceed guidelines $23,692.

XXXX

900000943

XXXX

Non-QM: Lender documented all ATR UW factors

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower credit score of 790 exceeds guideline min of 740.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI of 38.49% is below max DTI of 50%.

XXXX

900000944

XXXX

(No Data)

ATR/QM: Exempt

Credit

Legal Documents

Active

CRDLGL100

Legal document incorrect or incomplete

Lender exception for insufficient liquid funds to cover the Balloon Note on REO property that is due 11/2022 for $XX. Based on excellent credit and mortgage history, score 804 and monthly residual income of $34,696 per month.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: 804 qualifying score. Min required per guidelines is 720.

CFCFS2854: Significant time in profession
- XXXX Comments: 13 years in current profession.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $238,294.76 exceed guidelines $44,445.

XXXX

900000947

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

Two COCs found in file dated 5/17 and 5/18 but corresponding CDs are missing in file.

6/XX/2022: Client provided CDs XX/XX andXX/XX

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has worked 8+ years at current job

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV 60% is below guideline requirements maximum of 80%.

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 799 exceeds guidelines

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years
- XXXX Comments: 0x30 for 33 months

CFCFS1742: Consumer credit history exceeds guidelines
- XXXX Comments: 0x30 for 68 months

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $652,769 exceed guidelines $52,216.

CFCFS1744: DTI below guideline requirement
- XXXX Comments: DTI 5.73% is below guideline requirement

XXXX

900000963

XXXX

(No Data)

ATR/QM: Exempt

Property Valuations

Property

Satisfied

PRVAPROP177

Property Issues Indicated

Missing the appraisal comparable rent schedule.

8.26.22: Lender provided the appraisal original presented in loan file. Still missing the appraisal comparable rent schedule.9.14.22: Lender provided the comparable rent schedule with rent of $1500 for revised DSCR 1.3911%.

8.26.22: Exception remains.9.14.22: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Credit score 729 exceeds guidelines

CFCFS1736: Significant time at current residence
- XXXX Comments: B1 has owned primary residence for three years.

XXXX

900000965

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

File is Missing Revised LEs 3/XX/22, 3/XX/22 & 4/XX/22 per COCs in file.

5/XX/2022: Client provided LEs 3/23, 3/XX/2022 and 4/1.

5/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrowers' credit score 744 exceeds the required score of 720.

CFCFS1736: Significant time at current residence
- XXXX Comments: 13 years at current residence.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrowers have been in profession for 14 years.

XXXX

900000965

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance fail in the amount of 1237.00. (400.00 for increase in appraisal fee without a valid reason for increase in fee, plus Missing Revised LE to match COC 3/XX/22)) + (150.00 - CDA due to Missing Revised LE to match COC 4/XX/22) and (687.00 for increase in Transfer Taxes due to Missing Revised LE to match COC 4/XX/22). Condition pending receiving a valid Change of Circumstances for increase in Appraisal fee along with Missing LEs 3/XX/22, 3/XX/22 & 4/XX/22 to match COCs in file OR Post CD reflecting lenders cure, LOX, a copy of refund and proof of delivery via shipping method that includes tracking information.

5/XX/2022: Client provided COCs and missing LEs however, the Change of Circumstances for why the Appraisal fee increased is not disclosed. The COCs provided only state the new appraisal fee. The amount over tolerance and due to borrower is $400. Exception remains.5/XX/2022: Client provided the appraisal fee increase COC for LE 3/8. However, that LE is missing from file. 5.27.22 Client provided LE dated 3/XX/22. Exception satisfied.

5/XX/22: Exception remains.5.27.22 Exception satisfied.

(No Data)

Not Applicable

XXXX

900000965

XXXX

Non-QM: Lender documented all ATR UW factors

Credit

Income/Employment

Active

CRDINC150

Income docs do not meet guidelines

Exception request for NFS checks of 29 that exceed maximum of 4. Considered as non-material.

5.25.22: Lender provided the exception request.Though XXXX made an exception to override their guidelines that does not make the exception for violating guidelines go away. XXXX will acknowledge exception approval and will determine if said violation is a material or non-material exception based on the overall review of the loan file. This exception has been deemed non-material and this is XXXX final grade B.

5.25.22: Exception remains.

(No Data)

Not Applicable

XXXX

900000965

XXXX

Non-QM: Lender documented all ATR UW factors

Property Valuations

Value

Satisfied

PRVAVALU5249

Property Value Not Supported

XX/XX/XXXX The provided desk review CDA value was Indeterminate. A field review will be required. Exception approval in file to waive 2nd appraisal requirement.

5.17.22: Lender provided the exception approval request to waive additional valuation.XXXX reply that a third party valuation is required.5.25.22: Lender provided the exception approval request to waive additional valuation.XXXX reply that a third party valuation is required.6.3.22: Lender provided the Indeterminate CDA and appraisal previously provided in loan file. Still missing the additional appraisal to support original value. This exception cannot be waived.6.13.2022- Lender provided desk review supporting appraisal value

6.13.2022- Exception satisfied.

Not Applicable

XXXX

900000968

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Documentation

Satisfied

CMPDOC806

Notary Status is missing

Notary Status/ Certificate for Mortgage is missing in file.

6/XX/2022: Client provided full mortgage including the notary page.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job
- XXXX Comments: B1 has been self employed at current job for 17 years.

CFCFS1731: Verified cash reserves exceed guidelines
- XXXX Comments: Verified cash reserves $184,779 exceed guidelines $62,166.

XXXX

900000968

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID5293

TRID Not all required seller-paid fees were disclosed on the CD

Not all required seller-paid fees were disclosed on the final CD. Seller's CD in file and able to trace all fees

(No Data)

This exception is informational. Exception satisfied. Final Grade A

Numeric

Not Applicable

XXXX

900000968

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

Zero tolerance of $325 due to increase in Appraisal fee form $1200 to $1525 with no valid COC in file. Both COCs dated 3/17 and 5/11 are not valid COCs as they do not indicate a reason why Appraisal was increased. Condition is pending receiving a valid Change of Circumstances or PCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information.

6/XX/2022: Client provided valid COCs for the increase in appraisal fee.

6/XX/2022: Exception satisfied.

(No Data)

Not Applicable

XXXX

900000970

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

Compliance Manual

Satisfied

CMPMAN2956

Missing disclosure

COC in file reflects an LE was provided to borrower on 5/XX/2022 however, that LE is missing from file.

7.6.22 Client provided LE dated 5/XX/22. Exception satisfied

7.6.22 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines
- XXXX Comments: Borrower's representative credit score is 812, minimum allowed is 740.

CFCFS1737: LTV below guideline requirements
- XXXX Comments: LTV is 60%, maximum LTV guideline is 90%.

CFCFS2854: Significant time in profession
- XXXX Comments: Borrowers have over 14 years in profession.

XXXX

900000970

XXXX

Non-QM: Lender documented all ATR UW factors

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

CMPTRID3640

TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided

Zero Tolerance increase of $632 between LE 4/XX/2022 and CDXX/XX/XXXX. The Appraisal Fee, 2nd Appraisal fee and Credit Report fees increased without a valid Change of Circumstance. The lender credit of $55.70 on CD is for the ten percent tolerance increase ($23.70) and the Credit Report increase ($32). $600 for the Appraisal fees increase is due to borrower with Post Close CD, LOX and copy of refund check and proof of delivery.

7.6.22 Client provided COC. Exception satisfied.

7.6.22 Exception satisfied.

Numeric

Not Applicable

XXXX