.4 Schedule 4
| Marketing ID | Seller | Loan ID | Seller Loan ID | Investor Loan ID | Queue | Created Date | Last Modified Date | Finding Status | Event Level | Finding Category | Finding Sub Category | Finding Name | Reviewer Comments | Seller Comments | Finding Resolution | Finding Document | Reviewer Comp Factors | Originator Comp Factors | State | Occupancy | Loan Purpose | Refinance Purpose | Unique Finding ID | Acknowledged / Waived By | Waiver in File? |
| 1 | XX | XX | Closed | 2025-XX-10 06:27 | 2025-XX-03 18:34 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Borrower
Identification - Borrower 1 provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. ID uploaded. - Buyer-10/XX/2025 Open-Missing Borrower Identification - Borrower 1. - Due Diligence Vendor-09/XX/2025 |
Resolved-Borrower
Identification - Borrower 1 provided. - Due Diligence Vendor-11/04/2025 |
XX | ND | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 1 | XX | XX | Closed | 2025-XX-10 08:44 | 2025-XX-10 15:51 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. This finding is non-material and will be rated a B for all agencies - Due Diligence Vendor-09/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. This finding is
non-material and will be rated a B for all agencies - Due Diligence
Vendor-09/10/2025 |
ND | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Investor Post-Close | No | ||||||
| 2 | XX | XX | Closed | 2025-XX-11 06:39 | 2025-XX-23 11:02 | Resolved | 1 - Information | Credit | Closing | Borrower 1 Photo ID is expired | Resolved-Borrower photo ID
expiration date is 12-XX-2032 and note is dated 07-XX-2025. - Due Diligence
Vendor-10/XX/2025 Ready for Review-Document Uploaded. uploaded ID - Buyer-10/XX/2025 Open-Borrower photo ID expiration date is 12-XX-2024 and note is dated 07-XX-2025. - Due Diligence Vendor-09/XX/2025 |
Resolved-Borrower photo ID
expiration date is 12-XX-2032 and note is dated 07-XX-2025. - Due Diligence
Vendor-10/23/2025 |
XX | GA | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 2 | XX | XX | Closed | 2025-XX-12 10:09 | 2025-XX-12 10:09 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-09/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-09/12/2025 |
GA | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 5 | XX | XX | Closed | 2025-XX-19 16:01 | 2025-XX-12 17:32 | Resolved | 1 - Information | Compliance | Disclosure | Escrow for Flood Insurance Not Established | Resolved-The HOI dec page
includes flood insurance as evidence the HOI escrow includes flood. Condition
cleared. - Due Diligence Vendor-11/XX/2025 Ready for Review-The Hazard insurance has a line item for the flood amount included in the total hazard premium. The hazard premium includes the flood premium and the hazard is escrowed. - Buyer-11/XX/2025 Counter-Per the Smart Series underwriting guide 04-XX-2025, section 3A.5(h) 'An escrow of funds for the payment of flood insurance is always required'. Subject is located in Zone AE and in a special Flood Zone; therefore, Flood Insurance is required and must be escrowed. The escrow for flood insurance was not escrowed per the IEADS or the Final Closing Disclosure. Finding remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. - Investor-10/XX/2025 Counter-Lender provided copy of current flood policy. However, Flood is not escrowed on the final CD for subsequent years. Finding Remains. - Due Diligence Vendor-08/XX/2025 Ready for Review-Document Uploaded. - Buyer-08/XX/2025 Open-Flood Insurance Escrow Required, not established at consummation. - Due Diligence Vendor-08/XX/2025 |
Resolved-The HOI dec page
includes flood insurance as evidence the HOI escrow includes flood. Condition
cleared. - Due Diligence Vendor-11/12/2025 |
XX | SC | Second Home | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 5 | XX | XX | Closed | 2025-XX-08 09:14 | 2025-XX-16 12:51 | Resolved | 1 - Information | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Missing | Resolved-Lender provided
Homeownership Counseling Discl. Finding Resolved - Due Diligence Vendor-09/XX/2025 Ready for Review-Document Uploaded. uploaded HC list - Investor-09/XX/2025 Open-Homeownership Counselor Document is missing. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-08/XX/2025 |
Resolved-Lender provided
Homeownership Counseling Discl. Finding Resolved - Due Diligence Vendor-09/16/2025 |
XX | SC | Second Home | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 5 | XX | XX | Closed | 2025-XX-08 09:18 | 2025-XX-28 13:37 | Resolved | 1 - Information | Credit | Missing Doc | Flood Insurance Policy Missing | Resolved-Lender provided
Flood Policy. Finding Resolved - Due Diligence Vendor-08/XX/2025 Resolved-Missing Flood Insurance Policy - Due Diligence Vendor-08/XX/2025 Ready for Review-Document Uploaded. - Investor-08/XX/2025 Open-Missing Flood Insurance Policy, Flood Zone falls - Due Diligence Vendor-08/XX/2025 |
Resolved-Lender provided
Flood Policy. Finding Resolved - Due Diligence Vendor-08/28/2025 Resolved-Missing Flood Insurance Policy - Due Diligence Vendor-08/28/2025 |
XX | SC | Second Home | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 7 | XX | XX | Closed | 2025-XX-20 11:18 | 2025-XX-10 10:33 | Resolved | 1 - Information | Compliance | Disclosure | ECOA: Second Appraisal Not Provided to Applicant | Resolved-Lender provided
evidence the full 2nd appraisal was provided to the borrower. Condition
cleared. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Investor-11/XX/2025 Counter-A copy of the 2nd appraisal sent to the borrower is cut off at the bottom of each page. Please provide evidence the borrower received a copy of the full appraisal. Condition maintained. - Due Diligence Vendor-10/XX/2025 Ready for Review- - Due Diligence Vendor-10/XX/2025 Counter-A copy of the 2nd appraisal sent to the borrower is cut off at the bottom of each page. Please provide evidence the borrower received a copy of the full appraisal. Condition maintained. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. - Buyer-10/XX/2025 Open-ECOA Non-Compliant: Second Appraisal present, no evidence it was provided to applicant. - Due Diligence Vendor-08/XX/2025 |
Document Uploaded. -
10/29/2025 |
Resolved-Lender provided
evidence the full 2nd appraisal was provided to the borrower. Condition
cleared. - Due Diligence Vendor-11/10/2025 |
XX | TX | Primary Residence | Purchase | NA | XX | N/A | N/A | ||||
| 7 | XX | XX | Closed | 2025-XX-20 11:17 | 2025-XX-29 09:45 | Resolved | 1 - Information | Compliance | Disclosure | ECOA: Appraisal Not Provided to Applicant | Resolved-Lender provided
evidence the borrower received the 1st appraisal. Condition cleared. - Due
Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. - Buyer-10/XX/2025 Counter-Please provide evidence the borrower received a copy of the full appraisal either electronically, in person, or via USPS. Condition maintained. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. - Investor-10/XX/2025 Counter-Lender provided origination appraisal. The finding is for missing evidence the borrower(s) received the appraisal. Finding remains. - Due Diligence Vendor-09/XX/2025 Ready for Review-Document Uploaded. - Buyer-09/XX/2025 Open-ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant. - Due Diligence Vendor-08/XX/2025 |
Resolved-Lender provided
evidence the borrower received the 1st appraisal. Condition cleared. - Due
Diligence Vendor-10/29/2025 |
XX | TX | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 11 | XX | XX | Closed | 2025-XX-19 09:53 | 2025-XX-20 19:38 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Closing Disclosure Business Day Waiting Period Date Warnings | Resolved-Lender provided
corrected disclosure. Condition cleared. - Due Diligence Vendor-11/XX/2025
Resolved-Resolved - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-You submitted a Prior Closing Disclosure Received Date (2025-XX-29) earlier than the Prior Closing Disclosure Date Issued (2025-XX-04). The System cannot perform a Reg Z business day disclosure waiting period review without accurate dates. (12 CFR 1026.17(f); 1026.37; 1026.19(f); 1026.22(a)(2)) - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 |
Resolved-Lender provided
corrected disclosure. Condition cleared. - Due Diligence Vendor-11/21/2025
Resolved-Resolved - Due Diligence Vendor-11/21/2025 |
XX | VA | Primary Residence | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 11 | XX | XX | Closed | 2025-XX-18 09:03 | 2025-XX-18 09:03 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-09/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-09/18/2025 |
VA | Primary Residence | Refinance | Cash Out - Other | XX | Investor Post-Close | No | ||||||
| 12 | XX | XX | Closed | 2025-XX-05 05:30 | 2025-XX-03 09:06 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Lender provided
state issue driver's license. Finding resolved - Due Diligence
Vendor-10/XX/2025 Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. - Buyer-10/XX/2025 Open-Missing Borrower Identification - Borrower 1. - Due Diligence Vendor-09/XX/2025 |
Resolved-Lender provided
state issue driver's license. Finding resolved - Due Diligence
Vendor-10/03/2025 Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-10/03/2025 |
XX | ID | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 13 | XX | XX | Closed | 2025-XX-16 14:58 | 2025-XX-23 09:32 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Received copy of
valid ID. Finding resolved. - Due Diligence Vendor-10/XX/2025 Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. uploaded ID - Buyer-10/XX/2025 Open-Missing Borrower Identification - Borrower 1. - Due Diligence Vendor-09/XX/2025 |
Resolved-Received copy of
valid ID. Finding resolved. - Due Diligence Vendor-10/23/2025 Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-10/23/2025 |
XX | ID | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 14 | XX | XX | Closed | 2025-XX-18 06:59 | 2025-XX-03 18:28 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 2 | Resolved-Borrower
Identification - Borrower 2 provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-10/XX/2025 Open-Missing Borrower Identification - Borrower 2. - Due Diligence Vendor-09/XX/2025 |
Resolved-Borrower
Identification - Borrower 2 provided. - Due Diligence Vendor-11/04/2025 |
XX | MA | Second Home | Purchase | NA | XX | N/A | N/A | |||||
| 14 | XX | XX | Closed | 2025-XX-18 06:59 | 2025-XX-03 18:27 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Borrower
Identification - Borrower 1 provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-10/XX/2025 Open-Missing Borrower Identification - Borrower 1. - Due Diligence Vendor-09/XX/2025 |
Resolved-Borrower
Identification - Borrower 1 provided. - Due Diligence Vendor-11/04/2025 |
XX | MA | Second Home | Purchase | NA | XX | N/A | N/A | |||||
| 16 | XX | XX | Closed | 2025-XX-04 13:00 | 2026-XX-18 05:41 | Resolved | 1 - Information | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves
of 9.99 month(s) are greater than or equal to Guideline Required Reserves of
8 month(s) - Due Diligence Vendor-01/XX/2026 Resolved-Use of available funds from Heloc on departure residence confirms sufficient assets for funds to close and reserves. Resolved. - Due Diligence Vendor-08/XX/2025 Ready for Review-Document Uploaded. Lenders response is uploaded. - Buyer-08/XX/2025 Open-Audited Reserves of zero months are less than Guideline Required Reserves of 8 months. - Due Diligence Vendor-08/XX/2025 |
Resolved-Audited Reserves of
9.99 month(s) are greater than or equal to Guideline Required Reserves of 8
month(s) - Due Diligence Vendor-01/18/2026 Resolved-Use of available funds from Heloc on departure residence confirms sufficient assets for funds to close and reserves. Resolved. - Due Diligence Vendor-08/29/2025 |
XX | CA | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 16 | XX | XX | Closed | 2025-XX-04 13:54 | 2026-XX-17 17:23 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-ATR Risk -
Current Income or Current Assets were considered - Due Diligence
Vendor-01/XX/2026 Resolved- - Due Diligence Vendor-08/XX/2025 Resolved- - Due Diligence Vendor-08/XX/2025 Resolved-Use of available funds from Heloc on departure residence confirms sufficient assets for funds to close and reserves. Resolved. - Due Diligence Vendor-08/XX/2025 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements - Due Diligence Vendor-08/XX/2025 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements - Due Diligence Vendor-08/XX/2025 Ready for Review-Document Uploaded. Lenders response is uploaded - Investor-08/XX/2025 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Insufficient assets for funds to close and required reserves. - Due Diligence Vendor-08/XX/2025 |
Resolved-ATR Risk - Current
Income or Current Assets were considered - Due Diligence Vendor-01/17/2026
Resolved-XX- Due Diligence Vendor-08/29/2025 Resolved-XX- Due Diligence Vendor-08/29/2025 Resolved-Use of available funds from Heloc on departure residence confirms sufficient assets for funds to close and reserves. Resolved. - Due Diligence Vendor-08/29/2025 |
XX | CA | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 16 | XX | XX | Closed | 2025-XX-24 14:32 | 2026-XX-17 17:23 | Resolved | 1 - Information | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Resolved-Total Qualified
Assets for Reserves Post-Close of $147933.85 is equal to or greater than
Total Required Reserve Amount of $118493.36 - Due Diligence Vendor-01/XX/2026
Resolved-Use of available funds from Heloc on departure residence confirms sufficient assets for funds to close and reserves. Resolved. - Due Diligence Vendor-08/XX/2025 Ready for Review-Document Uploaded. Lenders response is uploaded - Seller-08/XX/2025 Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of $118493.36 - Due Diligence Vendor-07/XX/2025 |
Ready for Review-Document
Uploaded. Lenders response is uploaded - Seller-08/27/2025 |
Resolved-Total Qualified
Assets for Reserves Post-Close of $147933.85 is equal to or greater than
Total Required Reserve Amount of $118493.36 - Due Diligence Vendor-01/17/2026
Resolved-Use of available funds from Heloc on departure residence confirms sufficient assets for funds to close and reserves. Resolved. - Due Diligence Vendor-08/29/2025 |
XX | CA | Primary Residence | Purchase | NA | XX | N/A | N/A | ||||
| 16 | XX | XX | Closed | 2025-XX-24 14:32 | 2026-XX-17 17:23 | Resolved | 1 - Information | Credit | Assets | Insufficient asset documentation in file - assets do not cover closing costs | Resolved-Sufficient asset
documentation provided. Use of available funds from Heloc on departure
residence confirms sufficient assets for funds to close and reserves.
Resolved. - Due Diligence Vendor-08/XX/2025 Ready for Review-Document Uploaded. Lenders response is uploaded - Buyer-08/XX/2025 Open-Insufficient asset documentation in file - assets do not cover closing costs. Verified assets of $598,213.14 less cash to close of $620,279.30 results in $22,066.16 shortage of funds to close. - Due Diligence Vendor-08/XX/2025 |
Resolved-Sufficient asset
documentation provided. Use of available funds from Heloc on departure
residence confirms sufficient assets for funds to close and reserves.
Resolved. - Due Diligence Vendor-08/29/2025 |
XX | CA | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 16 | XX | XX | Closed | 2025-XX-22 09:11 | 2025-XX-28 13:56 | Resolved | 1 - Information | Property | Missing Doc | Missing Second Appraisal (Property) | Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/XX/2025 Resolved-Second appraisal was provided - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. - Investor-10/XX/2025 Counter-Email sent to client for approval. Will update once response received. - Due Diligence Vendor-10/XX/2025 Ready for Review-Update from lender on status of the post note appraisal: Has an appraiser who will conduct but will need to provide value subject to a new need for partial cabinet replacement in kitchen. Borrower went on vacation after closing and came back to a leak in Kitchen. Began removing cabinets for replacement. Are we okay to have them proceed, and can sale be completed on receipt of appraisal, letting us follow thru in a post sale Escrow Repair follow up? - Investor-10/XX/2025 Counter-A post close second valuation is acceptable. As long as the value is supported, the best the loan will be graded is a 2/B. - Due Diligence Vendor-09/XX/2025 Ready for Review-We are asking that your team contact XX, and facilitate exception approval [now] for a post note appraisal. I understand that an exception was not already done for the loan, to permit a post note appraisal. Lender has stated to me that they will obtain one, and at their cost, but wants to make sure that it will be acceptable, permitting cure of the loan. thank you. - Investor-09/XX/2025 Counter-Second appraisal is missing. A lender waiver or exception for this deficiency was not provided. Finding remains. - Due Diligence Vendor-08/XX/2025 Ready for Review-Document Uploaded. Lenders response uploaded - Seller-08/XX/2025 Open-The lender's guidelines requires two appraisals and the second appraisal was not provided. The lender's guideline requires two appraisals when the loan amount is greater than $1,500,000; however, the second appraisal was not provided. - Due Diligence Vendor-08/XX/2025 |
Ready for Review-Document
Uploaded. Lenders response uploaded - Seller-08/27/2025 |
Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/28/2025 Resolved-Second appraisal was provided - Due Diligence Vendor-10/28/2025 |
XX | CA | Primary Residence | Purchase | NA | XX | N/A | N/A | ||||
| 19 | XX | XX | Closed | 2025-XX-19 03:55 | 2026-XX-18 05:43 | Resolved | 1 - Information | Compliance | Disclosure | ECOA: Appraisal Not Provided to Applicant | Resolved-Lender provided
appraisal acknowledgement. Condition cleared. - Due Diligence
Vendor-10/XX/2025 Resolved-ECOA Compliant: Appraisal present; evidence appraisal was provided to applicant. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. appraisal doc uploaded - Buyer-10/XX/2025 Open-ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-09/XX/2025 |
Resolved-Lender provided
appraisal acknowledgement. Condition cleared. - Due Diligence
Vendor-10/20/2025 Resolved-ECOA Compliant: Appraisal present; evidence appraisal was provided to applicant. - Due Diligence Vendor-10/20/2025 |
XX | NC | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 19 | XX | XX | Closed | 2025-XX-19 04:06 | 2025-XX-13 07:37 | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Lender provided
Hazard Policies for REO on 3B to 3H on the final loan application. Finding
Resolved. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-Missing verification of Hazard Insurance Premium for the properties disclosed on lines 3B to 3H on the final loan application. - Due Diligence Vendor-09/XX/2025 |
Resolved-Lender provided
Hazard Policies for REO on 3B to 3H on the final loan application. Finding
Resolved. - Due Diligence Vendor-11/13/2025 |
XX | NC | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 22 | XX | XX | Closed | 2025-XX-27 10:14 | 2026-XX-16 14:45 | Resolved | 1 - Information | Compliance | Missing Doc | PUD Rider is Missing | Resolved-The PUD Rider is
Present or is Not Applicable (Property Type is PUD) - Due Diligence
Vendor-01/XX/2026 Resolved-Lender provided PUD rider. Condition cleared. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-Missing Mortgage Riders – PUD Rider - Due Diligence Vendor-08/XX/2025 |
Resolved-The PUD Rider is
Present or is Not Applicable (Property Type is PUD) - Due Diligence
Vendor-01/16/2026 Resolved-Lender provided PUD rider. Condition cleared. - Due Diligence Vendor-11/26/2025 |
XX | IL | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 22 | XX | XX | Closed | 2025-XX-27 09:32 | 2025-XX-14 17:53 | Resolved | 1 - Information | Compliance | Missing Doc | Homeownership Counseling Organizations Disclosure Missing or Incomplete | Resolved-Lender provided
Homeownership Counseling Disclosure. Condition cleared. - Due Diligence
Vendor-10/XX/2025 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. counseling forms uploaded here. - Buyer-10/XX/2025 Open-Homeownership Counseling Organizations Disclosure Missing or Incomplete Homeownership Counseling Organizations Disclosure Missing - Due Diligence Vendor-08/XX/2025 |
Resolved-Lender provided
Homeownership Counseling Disclosure. Condition cleared. - Due Diligence
Vendor-10/14/2025 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-10/14/2025 |
XX | IL | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 24 | XX | XX | Closed | 2025-XX-22 10:22 | 2025-XX-04 11:43 | Resolved | 1 - Information | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Lender provided
Third party Fraud Report. Finding resolved. - Due Diligence Vendor-11/XX/2025
Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Counter-Lender provided a 1 page document identified as xactus RiskView Liens & Judgements. Condition is for missing Fraud Report. Please provide Fraud Report. Finding Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. fraud report uploaded - Buyer-10/XX/2025 Open-Missing Third Party Fraud Report - Due Diligence Vendor-09/XX/2025 |
Resolved-Lender provided
Third party Fraud Report. Finding resolved. - Due Diligence
Vendor-11/04/2025 |
XX | IL | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 37 | XX | XX | Closed | 2025-XX-10 11:34 | 2025-XX-22 09:04 | Resolved | 1 - Information | Compliance | Missing Doc | Homeownership Counseling Organizations Disclosure Missing or Incomplete | Resolved-Lender provided
Homeownership Counseling Organizations Disclosure. Condition cleared. - Due
Diligence Vendor-10/XX/2025 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Counseling doc uploaded - Investor-10/XX/2025 Open-Homeownership Counseling Organizations Disclosure Missing or Incomplete This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-09/XX/2025 |
Resolved-Lender provided
Homeownership Counseling Organizations Disclosure. Condition cleared. - Due
Diligence Vendor-10/22/2025 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-10/22/2025 |
XX | MD | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 37 | XX | XX | Closed | 2025-XX-10 14:31 | 2025-XX-22 09:04 | Resolved | 1 - Information | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Resolved-Lender provided
valid COC. Condition cleared. - Due Diligence Vendor-10/XX/2025 Resolved-Resolved - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. COC uploaded - Investor-10/XX/2025 Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Appraisal Desk Review Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). The Collateral Desktop Analysis Fee increased on the LE dated 07/XX/2025 without a valid COC. No Cure. - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 |
Resolved-Lender provided
valid COC. Condition cleared. - Due Diligence Vendor-10/22/2025 Resolved-Resolved - Due Diligence Vendor-10/22/2025 |
XX | MD | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 37 | XX | XX | Closed | 2025-XX-10 14:31 | 2025-XX-22 09:04 | Resolved | 1 - Information | Compliance | TRID Tolerance | Charges That Cannot Increase Test (50001251) | Resolved-Lender provided
valid COC. Condition cleared. - Due Diligence Vendor-10/XX/2025 Resolved-Resolved - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. COC uploaded - Seller-10/XX/2025 Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Appraisal Desk Review Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). The Loan Estimate, dated 06/XX/2025, does not reflect a Collateral Desktop Analysis fee. Final CD dated 08/XX/2025 reflects a Collateral Desktop Analysis fee of $90.00. The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $90.00 is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. Tolerance cure of $90.00 to be provided within 60 days of discovery. - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 |
Ready for Review-Document
Uploaded. COC uploaded - Seller-10/22/2025 |
Resolved-Lender provided
valid COC. Condition cleared. - Due Diligence Vendor-10/22/2025 Resolved-Resolved - Due Diligence Vendor-10/22/2025 |
XX | MD | Primary Residence | Purchase | NA | XX | N/A | N/A | ||||
| 40 | XX | XX | Closed | 2025-XX-06 13:50 | 2025-XX-28 13:45 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/XX/2025 Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. - Buyer-10/XX/2025 Open-Missing Borrower Identification - Borrower 1. - Due Diligence Vendor-10/XX/2025 |
Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/28/2025 Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-10/28/2025 |
XX | MA | Second Home | Purchase | NA | XX | N/A | N/A | |||||
| 41 | XX | XX | Closed | 2025-XX-19 12:03 | 2025-XX-27 11:41 | Resolved | 1 - Information | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Lender provided
evidence of lock date. Condition cleared. - Due Diligence Vendor-10/XX/2025
Ready for Review-Document Uploaded. - Buyer-10/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 |
Resolved-Lender provided
evidence of lock date. Condition cleared. - Due Diligence
Vendor-10/27/2025 |
XX | VA | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 42 | XX | XX | Closed | 2025-XX-11 09:36 | 2025-XX-23 10:55 | Resolved | 1 - Information | Credit | Missing Doc | Missing rent comparable schedule form 1007 | Resolved-Comparable Rent
Schedule received. Finding resolved. -
Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. rent compare uploaded - Buyer-10/XX/2025 Open-Missing rent comparable schedule form 1007 for subject property. - Due Diligence Vendor-09/XX/2025 |
Resolved-Comparable Rent
Schedule received. Finding resolved. -
Due Diligence Vendor-10/23/2025 |
XX | MS | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 42 | XX | XX | Closed | 2025-XX-12 12:18 | 2025-XX-14 17:59 | Resolved | 1 - Information | Compliance | Missing Doc | ECOA: Most Recent Primary Appraisal Not Provided to Applicant | Resolved-ECOA Compliant:
Evidence provided of delivery of most recent primary appraisal to applicant.
Lender provided appraisal waiver signed at closing. Condition cleared. - Due
Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. appraisal receipt docs uploaded - Buyer-10/XX/2025 Open-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of 08/XX/2025 is after the Primary Appraisal Delivery Date of 08/XX/2025. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-09/XX/2025 |
Resolved-ECOA Compliant:
Evidence provided of delivery of most recent primary appraisal to applicant.
Lender provided appraisal waiver signed at closing. Condition cleared. - Due
Diligence Vendor-10/14/2025 |
XX | MS | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 47 | XX | XX | Closed | 2025-XX-06 08:26 | 2026-XX-18 05:50 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/XX/2025 Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. - Buyer-10/XX/2025 Open-Missing Borrower Identification - Borrower 1. Missing Borrower id - Due Diligence Vendor-10/XX/2025 |
Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/28/2025 Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-10/28/2025 |
XX | MA | Second Home | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 47 | XX | XX | Closed | 2025-XX-06 08:26 | 2026-XX-18 05:50 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 2 | Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/XX/2025 Resolved-Borrower Identification - Borrower 2 provided. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. - Buyer-10/XX/2025 Open-Missing Borrower Identification - Borrower 2. Missing Borrower id - Due Diligence Vendor-10/XX/2025 |
Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/28/2025 Resolved-Borrower Identification - Borrower 2 provided. - Due Diligence Vendor-10/28/2025 |
XX | MA | Second Home | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 55 | XX | XX | Closed | 2025-XX-06 14:49 | 2025-XX-13 13:33 | Resolved | 1 - Information | Credit | Missing Doc | Missing Payoff Statement for prior loan | Resolved-Payoff Statement
for prior loan provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-Missing Payoff Statement for prior loan. - Due Diligence Vendor-10/XX/2025 |
Resolved-Payoff Statement
for prior loan provided. - Due Diligence Vendor-11/13/2025 |
XX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 191 | XX | XX | Closed | 2025-XX-07 12:49 | 2026-XX-18 05:54 | Resolved | 1 - Information | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Sufficient assets
verified to satisfy reserve requirement.
Finding resolved. - Due Diligence Vendor-10/XX/2025 Resolved-Audited Reserves of 10.96 month(s) are greater than or equal to Guideline Required Reserves of 0 month(s) - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached wire for the gift funds. - Buyer-10/XX/2025 Counter-Lender provided asset worksheet. 3 months required for loan amount ($21,646.62), 3 months required for DTI ($21,646.62) and 2 months for each additional REO ($28,862.16). Total required reserves are $72,155,40. Gift funds were not included in eligible reserves due to missing verification the funds were transferred to the borrowers account and source of where the funds came from. Finding Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Loan size is xx with a DTI of 48%. Reserves required are 3 months for subject due to loan size(21646.62), 3 months for subject due to DTI(21646.62), and 2 months for financed property(5278 and 3604). Total required reserves are $52175.24. Post close reserves are $80620.43 Reserve calculation is in the file along with what assets were used in qualifying the borrower. Asset worksheet is attached. - Investor-10/XX/2025 Open-Audited Reserves of 7.44 month(s) are less than Guideline Required Reserves of 10 month(s) - Due Diligence Vendor-10/XX/2025 |
Resolved-Sufficient assets
verified to satisfy reserve requirement.
Finding resolved. - Due Diligence Vendor-10/23/2025 Resolved-Audited Reserves of 10.96 month(s) are greater than or equal to Guideline Required Reserves of 0 month(s) - Due Diligence Vendor-10/23/2025 |
XX | CA | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 191 | XX | XX | Closed | 2025-XX-07 12:59 | 2026-XX-17 17:18 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-Sufficient assets
verified to satisfy reserve requirement.
Finding resolved. - Due Diligence Vendor-10/XX/2025 Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-10/XX/2025 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached wire for the gift funds. - Investor-10/XX/2025 Counter-Lender provided asset worksheet. 3 months required for loan amount ($21,646.62), 3 months required for DTI ($21,646.62) and 2 months for each additional REO ($28,862.16). Total required reserves are $72,155,40. Gift funds were not included in eligible reserves due to missing verification the funds were transferred to the borrowers account and source of where the funds came from. Finding Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Loan size is xx with a DTI of 48%. Reserves required are 3 months for subject due to loan size(21646.62), 3 months for subject due to DTI(21646.62), and 2 months for financed property(5278 and 3604). Total required reserves are $52175.24. Post close reserves are $80620.43 Reserve calculation is in the file along with what assets were used in qualifying the borrower. Asset worksheet is attached. - Buyer-10/XX/2025 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Total Qualified Assets for Reserves Post-Close of $53668.04 is less than Total Required Reserve Amount of $72155.4 - Due Diligence Vendor-10/XX/2025 |
Resolved-Sufficient assets
verified to satisfy reserve requirement.
Finding resolved. - Due Diligence Vendor-10/23/2025 Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-10/23/2025 |
XX | CA | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 191 | XX | XX | Closed | 2025-XX-07 12:48 | 2026-XX-17 17:18 | Resolved | 1 - Information | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Resolved-Sufficient assets
verified to satisfy reserve requirement.
Finding resolved. - Due Diligence Vendor-10/XX/2025 Resolved-Total Qualified Assets for Reserves Post-Close of $79113.04 is equal to or greater than Total Required Reserve Amount of $52175.24 - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached wire for the gift funds. - Buyer-10/XX/2025 Counter-Lender provided asset worksheet. 3 months required for loan amount ($21,646.62), 3 months required for DTI ($21,646.62) and 2 months for each additional REO ($28,862.16). Total required reserves are $72,155,40. Gift funds were not included in eligible reserves due to missing verification the funds were transferred to the borrowers account and source of where the funds came from. Finding Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Loan size is xx with a DTI of 48%. Reserves required are 3 months for subject due to loan size(21646.62), 3 months for subject due to DTI(21646.62), and 2 months for financed property(5278 and 3604). Total required reserves are $52175.24. Post close reserves are $80620.43 Reserve calculation is in the file along with what assets were used in qualifying the borrower. Asset worksheet is attached. - Buyer-10/XX/2025 Open-Total Qualified Assets for Reserves Post-Close of $53668.04 is less than Total Required Reserve Amount of $72155.4 - Due Diligence Vendor-10/XX/2025 |
Resolved-Sufficient assets
verified to satisfy reserve requirement.
Finding resolved. - Due Diligence Vendor-10/23/2025 Resolved-Total Qualified Assets for Reserves Post-Close of $79113.04 is equal to or greater than Total Required Reserve Amount of $52175.24 - Due Diligence Vendor-10/23/2025 |
XX | CA | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 191 | XX | XX | Closed | 2025-XX-23 11:21 | 2026-XX-17 17:18 | Resolved | 1 - Information | Credit | Missing Doc | Asset 10 Missing | Resolved-Sufficient assets
verified to satisfy reserve requirement.
Finding resolved. - Due Diligence Vendor-10/XX/2025 Resolved-Asset 10 Provided Or Not Applicable - Due Diligence Vendor-10/XX/2025 Open-Asset 10 Missing - Due Diligence Vendor-10/XX/2025 |
Resolved-Sufficient assets
verified to satisfy reserve requirement.
Finding resolved. - Due Diligence Vendor-10/23/2025 Resolved-Asset 10 Provided Or Not Applicable - Due Diligence Vendor-10/23/2025 |
CA | Primary Residence | Purchase | NA | XX | N/A | N/A | ||||||
| 194 | XX | XX | Closed | 2025-XX-01 12:55 | 2025-XX-23 11:43 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Guides silent
regarding regarding mortgages that borrower is not personally responsible for
therefore defaulting to FNMA guidelines which state that if the borrower is
not personally liable, and the business pays the mortgage, then no VOM is required.
Payoff statements in file reflect mortgages in the name of the borrower’s
business. Finding resolved. - Due Diligence Vendor-10/XX/2025 Ready for Review-Drive report does not show mortgages for properties in borrowers name. All docs provided confirm ownership in name of LLC. no VOM is required if borrower is not personally liable on the mortgage - Buyer-10/XX/2025 Counter-Lender provided statement that states 'Borrower held the mtg under a xx and not personally under his name so no payment history is required to be documented.' Per the guidelines, If the mortgage is not verified on the credit report it must be documented by one of the following: VOM by professional management company and/or private party; A copy of the Note & 12 months cancelled checks or bank statements; or Credit Supplement verifying the housing payment history. Please provide copy of guidelines that state if held in an LLC, housing is not required. Finding Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Borrower held the mtg under a xx and not personally under his name so no payment history is required to be documented. - Buyer-10/XX/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing housing history for the subject and REO properties. - Due Diligence Vendor-10/XX/2025 |
Resolved-Guides silent
regarding regarding mortgages that borrower is not personally responsible for
therefore defaulting to FNMA guidelines which state that if the borrower is
not personally liable, and the business pays the mortgage, then no VOM is required.
Payoff statements in file reflect mortgages in the name of the borrower’s
business. Finding resolved. - Due Diligence Vendor-10/23/2025 |
OK | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | ||||||
| 239 | XX | XX | Closed | 2025-XX-21 03:22 | 2025-XX-24 12:02 | Cured | 2 - Non-Material | Compliance | Tolerance:FinanceCharge | Federal - Finance Charge Disclosure Tolerance (Closed End) | Cured-Lender provided LOE,
PCCD, and screenshot reflecting a Principal Reduction of $80.00. This finding
is non-material and will be rated a B for all agencies. - Due Diligence
Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached cure package. - Investor-11/XX/2025 Counter-Please have your Compliance Team review the Washington Foreclosure Prevention Fee Guidance FAQ, uploaded on 10/XX/2025, which states "The Foreclosure Prevention Fee is a finance charge and must be included in the percentage rate calculation when the fee is paid out of the proceeds from the residential mortgage loan. In the event that the Foreclosure Prevention Fee is paid through other means, then it is not included in the calculation of the finance charge and APR." Condition maintained. - Due Diligence Vendor-10/XX/2025 Ready for Review-Compliance Team response: The lender maintains that the Washington State Foreclosure Prevention Fee should not be included in the APR calculation. Under 12 CFR § 1026.4(a) of Regulation Z, a finance charge is defined as any cost imposed by the creditor as a condition of credit. However, the regulation excludes fees that are not imposed by the creditor and are not a condition of credit extension. As outlined in RCW 61.24.157, the Foreclosure Prevention Fee: • Is mandated by state law, not by the lender. • Is collected by the settlement agent, not retained by the lender. • Is remitted to the state’s Foreclosure Fairness Account, with no benefit to the lender. While the legislation allows the fee to be financed through the loan or paid from the borrower’s cash at closing, this payment option does not alter its classification. Because the lender does not impose, retain, or require the fee as a condition of credit, it is excluded from the lender’s APR calculation under Regulation Z. - Buyer-10/XX/2025 Counter-Lender provided LOE, PCCD, and screenshot reflecting a Principal Reduction of $56.00. However, the finance charges are under disclosed by $136.00 as the WA Foreclosure Prevention Fee must be included in the finance charges. A cure of $80.00 is still outstanding. Condition maintained. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached cure package. - Investor-10/XX/2025 Counter-As provided in the Washington State Foreclosure Prevention Fee Guidance (which I have uploaded for your convenience), the Washington Foreclosure Prevention Fee is a finance charge. The difference appears to be related to the Mortgage Broker Fee. The XX in file reflects $24,552.00 while the final CD reflects $24,608.00 for a difference of $56.00. Condition maintained. - Due Diligence Vendor-10/XX/2025 Open-XX- Due Diligence Vendor-10/XX/2025 Ready for Review-From our Compliance Team: On the Finance Charge – They are incorrect in their calculations, as they appear to be including the $80 Foreclosure Prevention Fee, which is not an APR fee. The Finance Charge is off by $56, the same as the Total of Payments. - Seller-10/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open-The disclosed finance charge ($1,945,133.46) is ($136.00) below the actual finance charge($1,945,269.46). The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $100 below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1) - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 |
Ready for Review-From our
Compliance Team: On the Finance Charge – They are incorrect in their
calculations, as they appear to be including the $80 Foreclosure Prevention
Fee, which is not an APR fee. The
Finance Charge is off by $56, the same as the Total of Payments. -
Seller-10/16/2025 |
Cured-Lender provided LOE,
PCCD, and screenshot reflecting a Principal Reduction of $80.00. This finding
is non-material and will be rated a B for all agencies. - Due Diligence
Vendor-11/24/2025 |
XX | WA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | ||||
| 239 | XX | XX | Closed | 2025-XX-20 13:07 | 2025-XX-22 17:29 | Cured | 2 - Non-Material | Compliance | Tolerance:Disclosure | Federal - Closing Disclosure Total of Payments Foreclosure Rescission Tolerance | Cured-Lender provided LOE,
PCCD, and screenshot reflecting a Principal Reduction of $56.00. This finding
is non-material and will be rated a B for all agencies. - Due Diligence
Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached cure package. - Investor-10/XX/2025 Counter-Document Uploaded. As provided in the Washington State Foreclosure Prevention Fee Guidance (which I have uploaded for your convenience), the Washington Foreclosure Prevention Fee is a finance charge. Additionally, the xx in file reflects a Mortgage Broker Fee of $24,552.00 while the final CD reflects $24,608.00 for a difference of $56.00. Since the Washington Foreclosure Prevention Fee is a finance charge it must be included in the TOP. Condition maintained. - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open-The disclosed Total of Payments ($3,483,026.10) is understated by more than $35 when compared to the actual Total of Payments of ($3,483,082.10). The difference is ($56.00). After the initiation of foreclosure on the consumer's principal dwelling that secures the credit obligation, Regulation Z considers the disclosed Total of Payments inaccurate if it is understated by more than $35. (12 CFR 1026.23(h)(2)(ii)) - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 |
Cured-Lender provided LOE,
PCCD, and screenshot reflecting a Principal Reduction of $56.00. This finding
is non-material and will be rated a B for all agencies. - Due Diligence
Vendor-10/22/2025 |
XX | WA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 422 | XX | XX | Closed | 2025-XX-03 13:41 | 2025-XX-17 16:03 | Cured | 2 - Non-Material | Compliance | TRID Tolerance | Charges That Cannot Increase Test (50001251) | Cured-Lender provided
evidence of principal reduction in the amount of $49.00. This finding is
non-material and will be rated a B for all agencies. - Due Diligence
Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached cure package. - Investor-10/XX/2025 Counter-Received PCCD reducing the Seller Credit to $2,322 and moving the Credit Report fee to "Paid by Seller". The Breakdown of Credit to Borrower's Closing Costs reflects $0 seller paid closing costs and the XX in file reflects the total $178 as borrower-paid. There's nothing in file dated prior to consummation as evidence the borrower did not pay this fee. Finding Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached PCCD. - Investor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). The Loan Estimate, dated 07/XX/2025, reflects a Credit Report Fee of $129. Final Closing CD dated 08/XX/2025 reflects a Credit Report of $178. The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $49 is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. Tolerance cure of $49 to be provided within 60 days of discovery. - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 |
Cured-Lender provided
evidence of principal reduction in the amount of $49.00. This finding is
non-material and will be rated a B for all agencies. - Due Diligence
Vendor-10/17/2025 |
XX | OR | Second Home | Purchase | NA | XX | N/A | N/A | |||||
| 422 | XX | XX | Closed | 2025-XX-03 13:41 | 2025-XX-17 16:03 | Cured | 2 - Non-Material | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Cured-Lender provided
evidence of principal reduction in the amount of $49.00. This finding is
non-material and will be rated a B for all agencies. - Due Diligence
Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached cure package. - Investor-10/XX/2025 Counter-Received PCCD reducing the Seller Credit to $2,322 and moving the Credit Report fee to "Paid by Seller". The Breakdown of Credit to Borrower's Closing Costs reflects $0 seller paid closing costs and the XX in file reflects the total $178 as borrower-paid. There's nothing in file dated prior to consummation as evidence the borrower did not pay this fee. Finding Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached PCCD. - Investor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). The Credit Report fee increased on the CD dated 08/XX/2025 without a valid COC. No Cure. - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 |
Cured-Lender provided
evidence of principal reduction in the amount of $49.00. This finding is
non-material and will be rated a B for all agencies. - Due Diligence
Vendor-10/17/2025 |
XX | OR | Second Home | Purchase | NA | XX | N/A | N/A | |||||
| 422 | XX | XX | Closed | 2025-XX-03 13:41 | 2025-XX-17 14:19 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Closing Disclosure and Consummation Date | Resolved-Received evidence
of receipt for initial CD. Condition
cleared. - Due Diligence
Vendor-09/XX/2025 Resolved- - Due Diligence Vendor-09/XX/2025 Resolved- - Due Diligence Vendor-09/XX/2025 Ready for Review-Document Uploaded. Please see attached audit trail. - Buyer-09/XX/2025 Open-The Initial Closing Disclosure was provided on (2025-XX-08) via (USPSFirstClassMail). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction not later than three business days prior to the consummation date of (2025-XX-12). Since the Initial Closing Disclosure was not provided in person, a consumer is considered to have received it on (2025-XX-12), which is three business days after it was delivered or placed in the mail. Since the Initial Closing Disclosure was not provided to the consumer in person, it should have been provided to the consumer no later than (20250805), for consummation to occur on (2025-XX-12). (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) Initial CD reflects Date Issued of 8/XX/2025 with no acknowledgment of receipt on the part of the borrower. Mailbox Rule/Presumed Receipt applied and borrower not in receipt of Initial CD 3 business days prior to consummation of 8/XX/2025. No Cure. - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 Open- - Due Diligence Vendor-09/XX/2025 |
Resolved-Received evidence
of receipt for initial CD. Condition
cleared. - Due Diligence
Vendor-09/17/2025 Resolved-XX- Due Diligence Vendor-09/17/2025 |
XX | OR | Second Home | Purchase | NA | XX | N/A | N/A | |||||
| 526 | XX | XX | Closed | 2025-XX-13 12:46 | 2026-XX-17 06:20 | Resolved | 1 - Information | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Resolved-Lender states
gift wired was in excess of $15,362.36 and is eligible for reserves. Lender's
guidelines state gift funds may be used for closing costs and reserves.
Finding resolved. - Due Diligence Vendor-10/XX/2025 Resolved-Total Qualified Assets for Reserves Post-Close of $35213.4 is equal to or greater than Total Required Reserve Amount of $25001.88 - Due Diligence Vendor-10/XX/2025 Open-Total Qualified Assets for Reserves Post-Close of $19851.04 is less than Total Required Reserve Amount of $25001.88 - Due Diligence Vendor-10/XX/2025 Ready for Review-Total verified assets are $171,486. Gift wired to title agent was in excess of $15,362.36 which is reflecting as a credit on final CD back to borrower which is allowable for reserves. - Buyer-10/XX/2025 Open-Total Qualified Assets for Reserves Post-Close of $19851.04 is less than Total Required Reserve Amount of $25001.88 - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender states gift
wired was in excess of $15,362.36 and is eligible for reserves. Lender's
guidelines state gift funds may be used for closing costs and reserves.
Finding resolved. - Due Diligence Vendor-10/23/2025 Resolved-Total Qualified Assets for Reserves Post-Close of $35213.4 is equal to or greater than Total Required Reserve Amount of $25001.88 - Due Diligence Vendor-10/23/2025 |
TN | Investment | Purchase | NA | XX | N/A | N/A | ||||||
| 526 | XX | XX | Closed | 2025-XX-13 13:00 | 2025-XX-23 10:37 | Resolved | 1 - Information | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Lender states
gift wired was in excess of $15,362.36 and is eligible for reserves. Lender's
guidelines state gift funds may be used for closing costs and reserves.
Finding resolved. - Due Diligence Vendor-10/XX/2025 Resolved-Audited Reserves of 8.45 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-10/XX/2025 Ready for Review-Total verified assets are $171,486. Gift wired to title agent was in excess of $15,362.36 which is reflecting as a credit on final CD back to borrower which is allowable for reserves. - Buyer-10/XX/2025 Open-Audited Reserves of 4.76 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender states gift
wired was in excess of $15,362.36 and is eligible for reserves. Lender's
guidelines state gift funds may be used for closing costs and reserves.
Finding resolved. - Due Diligence Vendor-10/23/2025 Resolved-Audited Reserves of 8.45 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-10/23/2025 |
TN | Investment | Purchase | NA | XX | N/A | N/A | ||||||
| 791 | XX | XX | Closed | 2025-XX-02 14:13 | 2025-XX-27 12:39 | Cured | 2 - Non-Material | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Cured-Lender provided
Letter of Explanation, Proof of Principal Reduction, Corrected PCCD, and
Proof of Delivery to Borrower. This finding is non-material and will be rated
a B for all agencies. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. pccd and payment history - Investor-10/XX/2025 Counter-Audit has already considered the Admin/Origination Fee the same service. A refund of $50.00 is required for this increase. The MERS Fee was not disclosed on the initial LE. Without a valid COC, a refund of $23.70 is required. The Tax Service Fee increased from $75.00 on the initial LE to $85.00 on the final CD. A refund of $10.00 is required for this increase. Transfer Taxes were not disclosed on the initial LE. Without a valid COC, a refund of $369.15 is required. A total tolerance cure of $452.85 is required or please provide a valid COC as applicable. - Due Diligence Vendor-10/XX/2025 Counter-Added MERS and Transfer Taxes and Admin Fee increased by $50.00 on LE dated 08/XX/2025. Also, the Transfer Taxes and Tax Service Fee increased on the final CD. - Due Diligence Vendor-10/XX/2025 Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Doc Tax Stamps/Transfer Taxes – State, Loan Origination Fee, Tax Related Service Fee, MERS® Registration Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Ready for Review-Can you clarify this suspense? The LE for these fees compared to the CD does not reflect an increase that required a COC. - Buyer-10/XX/2025 Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Doc Tax Stamps/Transfer Taxes – State, Tax Related Service Fee, Administration Fee, MERS® Registration Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). If a valid COC cannot be provided, provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. Tolerance cure of $1652.85 to be provided within 60 days of discovery. - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 |
Cured-Lender provided Letter
of Explanation, Proof of Principal Reduction, Corrected PCCD, and Proof of
Delivery to Borrower. This finding is non-material and will be rated a B for
all agencies. - Due Diligence Vendor-10/27/2025 |
XX | TN | Primary Residence | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 791 | XX | XX | Closed | 2025-XX-02 14:13 | 2025-XX-27 12:39 | Cured | 2 - Non-Material | Compliance | TRID Tolerance | Charges That Cannot Increase Test (50001251) | Cured-Lender provided
Letter of Explanation, Proof of Principal Reduction, Corrected PCCD, and
Proof of Delivery to Borrower. This finding is non-material and will be rated
a B for all agencies. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. pccd and payment history - Seller-10/XX/2025 Counter-Audit has already considered the Admin/Origination Fee the same service. A refund of $50.00 is required for this increase. The MERS Fee was not disclosed on the initial LE. Without a valid COC, a refund of $23.70 is required. The Tax Service Fee increased from $75.00 on the initial LE to $85.00 on the final CD. A refund of $10.00 is required for this increase. Transfer Taxes were not disclosed on the initial LE. Without a valid COC, a refund of $369.15 is required. A total tolerance cure of $452.85 is required or please provide a valid COC as applicable. - Due Diligence Vendor-10/XX/2025 Ready for Review-The origination fee disclosed by the Broker and the administration fee disclosed by the Lender represent the same charge for the same service. Initially, the Broker disclosed an origination fee of $1,200. Subsequently, XX disclosed this fee as an administration fee in the amount of $1,250 on the Loan Estimate (LE). Although the terminology and amount changed, the fee itself pertains to the same service and therefore does not require a full cure. However, in the absence of a valid justification for the $50 increase on the revised LE, a cure in the amount of $50 will be provided as a good faith resolution. - Buyer-10/XX/2025 Counter-Added MERS and Transfer Taxes and Admin Fee increased by $50.00 on LE dated 08/XX/2025. Also, the Transfer Taxes and Tax Service Fee increased on the final CD. - Due Diligence Vendor-10/XX/2025 Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Doc Tax Stamps/Transfer Taxes – State, Loan Origination Fee, Tax Related Service Fee, MERS® Registration Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Ready for Review-Can you clarify this suspense? The LE for these fees compared to the CD does not reflect an increase that required a COC. - Buyer-10/XX/2025 Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Doc Tax Stamps/Transfer Taxes – State, Tax Related Service Fee, Administration Fee, MERS® Registration Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). If a valid COC cannot be provided, provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. Tolerance cure of $1652.85 to be provided within 60 days of discovery. - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 |
Ready for Review-Document
Uploaded. pccd and payment history - Seller-10/27/2025 |
Cured-Lender provided Letter
of Explanation, Proof of Principal Reduction, Corrected PCCD, and Proof of
Delivery to Borrower. This finding is non-material and will be rated a B for
all agencies. - Due Diligence Vendor-10/27/2025 |
XX | TN | Primary Residence | Refinance | Cash Out - Other | XX | N/A | N/A | ||||
| 791 | XX | XX | Closed | 2025-XX-23 15:28 | 2025-XX-02 14:01 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/02/2025 |
TN | Primary Residence | Refinance | Cash Out - Other | XX | Investor Post-Close | No | ||||||
| 4 | XX | XX | Closed | 2025-XX-04 09:33 | 2025-XX-04 09:33 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/04/2025 |
NJ | Investment | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 6 | XX | XX | Closed | 2025-XX-16 08:08 | 2026-XX-17 17:53 | Resolved | 1 - Information | Credit | Missing Doc | Missing Guaranty Agreement - Borrower 1 | Resolved-Guaranty
Agreement for Borrower 1 provided. - Due Diligence Vendor-01/XX/2026 Open-Missing Guaranty Agreement for Borrower 1. - Due Diligence Vendor-01/XX/2026 Resolved-Received Note signed by individual borrowers. Final contains a signed Note - individuals signed as members of the LLC. Mortgage list borrower the LLC and is signed by members of the LLC. Borrower signed for Business Entity and as Individuals. Guaranty agreement is not needed. Finding Resolved. - Due Diligence Vendor-12/XX/2025 Open-Missing Guaranty Agreement for Borrower 1. - Due Diligence Vendor-12/XX/2025 |
Resolved-Guaranty Agreement
for Borrower 1 provided. - Due Diligence Vendor-01/17/2026 Resolved-Received Note signed by individual borrowers. Final contains a signed Note - individuals signed as members of the LLC. Mortgage list borrower the LLC and is signed by members of the LLC. Borrower signed for Business Entity and as Individuals. Guaranty agreement is not needed. Finding Resolved. - Due Diligence Vendor-12/29/2025 |
PA | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | ||||||
| 6 | XX | XX | Closed | 2025-XX-16 08:08 | 2026-XX-17 17:53 | Resolved | 1 - Information | Credit | Missing Doc | Missing Guaranty Agreement - Borrower 2 | Resolved-Guaranty
Agreement for Borrower 2 provided. - Due Diligence Vendor-01/XX/2026 Open-Missing Guaranty Agreement for Borrower 2. - Due Diligence Vendor-01/XX/2026 Resolved-Received Note signed by individual borrowers. Final contains a signed Note - individuals signed as members of the LLC. Mortgage list borrower the LLC and is signed by members of the LLC. Borrower signed for Business Entity and as Individuals. Guaranty agreement is not needed. Finding Resolved. - Due Diligence Vendor-12/XX/2025 Ready for Review-Document Uploaded. - Buyer-12/XX/2025 Open-Missing Guaranty Agreement for Borrower 2. - Due Diligence Vendor-12/XX/2025 |
Resolved-Guaranty Agreement
for Borrower 2 provided. - Due Diligence Vendor-01/17/2026 Resolved-Received Note signed by individual borrowers. Final contains a signed Note - individuals signed as members of the LLC. Mortgage list borrower the LLC and is signed by members of the LLC. Borrower signed for Business Entity and as Individuals. Guaranty agreement is not needed. Finding Resolved. - Due Diligence Vendor-12/29/2025 |
XX | PA | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 33 | XX | XX | Closed | 2025-XX-02 08:21 | 2025-XX-02 08:21 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/02/2025 |
NC | Primary Residence | Refinance | Cash Out - Other | XX | Investor Post-Close | No | ||||||
| 36 | XX | XX | Closed | 2025-XX-16 12:25 | 2025-XX-07 07:30 | Resolved | 1 - Information | Credit | Insurance | Hazard Insurance Effective Date is after the Disbursement Date | Resolved-Hazard Insurance
Effective Date of 03-XX-2025 is prior to or equal to the Note Date of
08-XX-2025 Or Hazard Insurance Effective Date Is Not Provided - Due Diligence
Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-Hazard insurance effective date of 8/XX/2025 is after both the loan transaction closing date and disbursement date. - Due Diligence Vendor-10/XX/2025 |
Resolved-Hazard Insurance
Effective Date of 03-XX-2025 is prior to or equal to the Note Date of
08-XX-2025 Or Hazard Insurance Effective Date Is Not Provided - Due Diligence
Vendor-11/07/2025 |
XX | AK | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 36 | XX | XX | Closed | 2025-XX-16 12:54 | 2025-XX-29 11:58 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/16/2025 |
AK | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 36 | XX | XX | Seller | 2026-XX-16 17:12 | 2026-XX-20 13:57 | Resolved | 1 - Information | Property | Appraisal | The appraiser was not licensed (Primary Value) | Resolved-Document
Uploaded. Received appraiser license effective 05/XX/2025 prior to the
appraisal date. Finding Resolved - Due Diligence Vendor-01/XX/2026 Open-Primary Value appraiser's license was not effective prior to the Valuation Date or expired prior to the Valuation Date - Due Diligence Vendor-01/XX/2026 |
Resolved-Document Uploaded.
Received appraiser license effective 05/30/2025 prior to the appraisal date.
Finding Resolved - Due Diligence Vendor-01/20/2026 |
XX | AK | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 44 | XX | XX | Closed | 2025-XX-07 08:00 | 2025-XX-07 08:08 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/07/2025 |
PA | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 51 | XX | XX | Closed | 2025-XX-30 13:27 | 2025-XX-25 10:56 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 2 | Resolved-Borrower
Identification - Borrower 2 provided; condition resolved. - Due Diligence
Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-Missing Borrower Identification - Borrower 2. - Due Diligence Vendor-10/XX/2025 |
Resolved-Borrower
Identification - Borrower 2 provided; condition resolved. - Due Diligence
Vendor-11/25/2025 |
XX | MA | Investment | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 51 | XX | XX | Closed | 2025-XX-30 13:27 | 2025-XX-25 10:55 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Borrower
Identification - Borrower 1 provided; condition resolved. - Due Diligence
Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-Missing Borrower Identification - Borrower 1. - Due Diligence Vendor-10/XX/2025 |
Resolved-Borrower
Identification - Borrower 1 provided; condition resolved. - Due Diligence
Vendor-11/25/2025 |
XX | MA | Investment | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 51 | XX | XX | Closed | 2025-XX-06 10:48 | 2025-XX-06 10:48 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P RA Only
- Value grade equals B, secondary product within tolerance. - Due Diligence
Vendor-11/06/2025 |
MA | Investment | Refinance | No Cash Out - Borrower Initiated | XX | Investor Post-Close | No | ||||||
| 57 | XX | XX | Closed | 2025-XX-29 14:51 | 2025-XX-29 14:51 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/29/2025 |
NJ | Second Home | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 71 | XX | XX | Closed | 2025-XX-03 08:39 | 2025-XX-03 08:39 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/03/2025 |
TN | Investment | Refinance | Cash Out - Other | XX | Investor Post-Close | No | ||||||
| 80 | XX | XX | Closed | 2025-XX-31 10:41 | 2025-XX-31 10:41 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/31/2025 |
TX | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 100 | XX | XX | Closed | 2025-XX-16 13:56 | 2025-XX-30 15:18 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/16/2025 |
GA | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 104 | XX | XX | Closed | 2025-XX-31 14:38 | 2025-XX-06 14:55 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/31/2025 |
FL | Investment | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 121 | XX | XX | Closed | 2025-XX-03 08:10 | 2025-XX-18 08:34 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Verification of
Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present.
- Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing 12 month payment histories for the subject and REO 3. - Due Diligence Vendor-11/XX/2025 |
Resolved-Verification of
Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present.
- Due Diligence Vendor-11/18/2025 |
XX | MI | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 128 | XX | XX | Closed | 2025-XX-31 08:15 | 2025-XX-31 08:15 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/31/2025 |
CA | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 134 | XX | XX | Seller | 2025-XX-28 14:05 | 2025-XX-26 15:30 | Counter | 2 - Non-Material | Compliance | Missing Doc | ECOA: Most Recent Primary Appraisal Not Provided to Applicant | Counter-Received the email
dated 08/XX/2025 to borrower for Appraisal receipt and the Notice of Right to
Receive Copy of Written Appraisal/Valuation signed 08/XX/2025 which states
the borrower wants a copy of the appraisal within 3 business day. Please provide evidence the borrower
received the updated appraisal from 09/XX/2025. Finding Remains. - Due
Diligence Vendor-12/XX/2025 Ready for Review-Document Uploaded. - Buyer-12/XX/2025 Counter-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. Lender provided an appraisal waiver signed on 08/XX/2025. This is not sufficient evidence that the most recent appraisal was provided to the borrower. Condition maintained. - Due Diligence Vendor-12/XX/2025 Ready for Review-Document Uploaded. - Buyer-12/XX/2025 Open-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of 09/XX/2025 is after the Primary Appraisal Delivery Date of 08/XX/2025. - Due Diligence Vendor-11/XX/2025 Open-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of 09/XX/2025 is after the Primary Appraisal Delivery Date of 08/XX/2025 - Due Diligence Vendor-11/XX/2025 Open-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of 09/XX/2025 is after the Primary Appraisal Delivery Date of 08/XX/2025. - Due Diligence Vendor-10/XX/2025 |
XX | UT | Second Home | Purchase | NA | XX | N/A | N/A | ||||||
| 136 | XX | XX | Closed | 2025-XX-16 06:09 | 2025-XX-04 12:19 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Lender provided
lease agreement for REO #6. Finding Resolved. - Due Diligence
Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing housing payment history for REO #6. - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided
lease agreement for REO #6. Finding Resolved. - Due Diligence
Vendor-11/04/2025 |
XX | PA | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 158 | XX | XX | Closed | 2025-XX-22 09:33 | 2025-XX-14 11:49 | Resolved | 1 - Information | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-OFAC Check
Completed and Cleared - Due Diligence Vendor-11/XX/2025 Open-OFAC Check Not Completed and/or Cleared - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Investor-11/XX/2025 Open-OFAC Check Not Completed and/or Cleared - Due Diligence Vendor-10/XX/2025 |
Resolved-OFAC Check
Completed and Cleared - Due Diligence Vendor-11/14/2025 |
XX | OH | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 158 | XX | XX | Closed | 2025-XX-22 09:33 | 2025-XX-14 11:49 | Resolved | 1 - Information | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud
Report is provided - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-Missing Third Party Fraud Report - Due Diligence Vendor-10/XX/2025 |
Resolved-Third Party Fraud
Report is provided - Due Diligence Vendor-11/14/2025 |
XX | OH | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 158 | XX | XX | Closed | 2025-XX-22 14:30 | 2025-XX-14 11:44 | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Lender provided
Tax Cert for REO 3a. Finding Resolved. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. - Buyer-11/XX/2025 Open-Evidence of property tax amount is missing for investment property listed on final loan application in section 3a. - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided Tax
Cert for REO 3a. Finding Resolved. - Due Diligence Vendor-11/14/2025 |
XX | OH | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 193 | XX | XX | Closed | 2025-XX-11 08:35 | 2025-XX-20 18:44 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached initial disclosures and acknowledgement of receipt, What Mortgage Applicants Need to Know Pamphlet is included in initial disclosures. - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. Missing “What Mortgage Applicants Need to Know” Pamphlet - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/21/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/21/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 193 | XX | XX | Closed | 2025-XX-14 09:52 | 2025-XX-14 09:52 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/14/2025 |
NY | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 200 | XX | XX | Closed | 2025-XX-09 09:27 | 2026-XX-19 11:12 | Resolved | 1 - Information | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Resolved-Total Qualified
Assets for Reserves Post-Close of $117186.42 is equal to or greater than
Total Required Reserve Amount of $107564.42 - Due Diligence Vendor-11/XX/2025
Ready for Review-UW response: For Interest Only products, reserves are calculated using the IO payment plus taxes, insurance, HOA (If applicable). (ITIA). - Buyer-11/XX/2025 Open-Total Qualified Assets for Reserves Post-Close of $117186.42 is less than Total Required Reserve Amount of $129938 - Due Diligence Vendor-11/XX/2025 |
Resolved-Total Qualified
Assets for Reserves Post-Close of $117186.42 is equal to or greater than
Total Required Reserve Amount of $107564.42 - Due Diligence
Vendor-11/20/2025 |
NY | Primary Residence | Purchase | NA | XX | N/A | N/A | ||||||
| 200 | XX | XX | Closed | 2025-XX-09 09:27 | 2025-XX-20 12:42 | Resolved | 1 - Information | Credit | Assets | Audited Reserves are less than Guideline Required Reserves (Dollar Amount) | Resolved-Audited Assets of
$117186.42 are greater than Guideline Required Assets of $107564.42. - Due
Diligence Vendor-11/XX/2025 Ready for Review-UW response: For Interest Only products, reserves are calculated using the IO payment plus taxes, insurance, HOA (If applicable). (ITIA). - Buyer-11/XX/2025 Open-Audited Assets of $117186.42 are less than Guideline Required Assets of $129938. - Due Diligence Vendor-11/XX/2025 |
Resolved-Audited Assets of
$117186.42 are greater than Guideline Required Assets of $107564.42. - Due
Diligence Vendor-11/20/2025 |
NY | Primary Residence | Purchase | NA | XX | N/A | N/A | ||||||
| 200 | XX | XX | Closed | 2025-XX-30 14:48 | 2025-XX-11 16:59 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
evidence New York pamphlet “What Mortgage Applicants Need to Know” sent
timely. Condition cleared. - Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached initial disclosures and acknowledgement of receipt, What Mortgage Applicants Need to Know Pamphlet is included in initial disclosures. - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided
evidence New York pamphlet “What Mortgage Applicants Need to Know” sent
timely. Condition cleared. - Due Diligence Vendor-11/11/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/11/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 226 | XX | XX | Closed | 2025-XX-03 18:10 | 2026-XX-18 07:08 | Resolved | 1 - Information | Credit | Missing Doc | Missing Mortgage Riders - Condo Rider | Resolved-Required
documentation received. - Due Diligence Vendor-12/XX/2025 Resolved-The Condo Rider is Present - Due Diligence Vendor-12/XX/2025 Ready for Review-Document Uploaded. LOI - Buyer-11/XX/2025 Open-Condo Rider is Missing Subject underwritten and closed as PUD, with PUD Rider. Tax cert and title verify subject is a condo. Subject Deed of Trust includes a PUD Rider but requires a Condo Rider. Provide proof of corrected DOT w/ Condo Rider and proof that is has been sent for recording. Additional conditions may apply - Due Diligence Vendor-11/XX/2025 |
Resolved-Required
documentation received. - Due Diligence Vendor-12/02/2025 Resolved-The Condo Rider is Present - Due Diligence Vendor-12/02/2025 |
XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 226 | XX | XX | Closed | 2025-XX-04 13:12 | 2025-XX-04 13:46 | Waived | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Waived-Total Qualified Assets for Reserves Post-Close of $48828.75 is less than Total Required Reserve Amount of $61925.34 Lender provided approved exception to use 100% of business funds for reserves dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-11/XX/2025 | Waived-Total Qualified
Assets for Reserves Post-Close of $48828.75 is less than Total Required
Reserve Amount of $61925.34 Lender provided approved exception to use 100% of
business funds for reserves dated prior to consummation and all lender
compensating factors have been documented and validated. - Due Diligence Vendor-11/04/2025 |
FICO 758, Max DTI 42%, LTV 80%, Minimum Reserves 63,000 | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Originator Pre-Close | Yes | |||||
| 226 | XX | XX | Closed | 2025-XX-04 13:13 | 2025-XX-04 13:46 | Waived | 2 - Non-Material | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Audited Reserves of 4.73 month(s) are less than Guideline Required Reserves of 6 month(s) Lender provided approved exception to use 100% of business funds for reserves dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-11/XX/2025 | Waived-Audited Reserves of
4.73 month(s) are less than Guideline Required Reserves of 6 month(s) Lender
provided approved exception to use 100% of business funds for reserves dated
prior to consummation and all lender compensating factors have been documented
and validated. - Due Diligence
Vendor-11/04/2025 |
FICO 758, Max DTI 42%, LTV 80%, Minimum Reserves 63,000 | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Originator Pre-Close | Yes | |||||
| 227 | XX | XX | Closed | 2025-XX-29 07:14 | 2025-XX-29 07:14 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/29/2025 |
FL | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 231 | XX | XX | Closed | 2025-XX-30 15:22 | 2025-XX-10 10:54 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/30/2025 |
MI | Second Home | Refinance | No Cash Out - Borrower Initiated | XX | Investor Post-Close | No | ||||||
| 235 | XX | XX | Closed | 2025-XX-06 10:36 | 2025-XX-13 16:05 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached initial disclosures and acknowledgement of receipt, What Mortgage Applicants Need to Know Pamphlet is included in initial disclosures. - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/13/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/13/2025 |
XX | NY | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 238 | XX | XX | Closed | 2025-XX-10 15:18 | 2026-XX-17 18:52 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-ATR Risk -
Current Income or Current Assets were considered - Due Diligence
Vendor-11/XX/2025 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. loan is a rate term which meets all requirements to waive reserves; this is actually seen on the asset worksheet - Buyer-11/XX/2025 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Short $10,524.09 verified reserves. - Due Diligence Vendor-11/XX/2025 |
Resolved-ATR Risk - Current
Income or Current Assets were considered - Due Diligence Vendor-11/20/2025 |
XX | MD | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 238 | XX | XX | Closed | 2025-XX-10 14:37 | 2025-XX-20 11:33 | Resolved | 1 - Information | Credit | Assets | Audited Reserves are less than Guideline Required Reserves (Dollar Amount) | Resolved-Audited Assets of
$23757.06 are greater than Guideline Required Assets of $0. - Due Diligence
Vendor-11/XX/2025 Ready for Review-Document Uploaded. loan is a rate term which meets all requirements to waive reserves; this is actually seen on the asset worksheet - Seller-11/XX/2025 Open-Audited Assets of $23757.06 are less than Guideline Required Assets of $34281.2. Short $10,524.09 verified reserves. - Due Diligence Vendor-11/XX/2025 |
Ready for Review-Document
Uploaded. loan is a rate term which meets all requirements to waive reserves;
this is actually seen on the asset worksheet - Seller-11/17/2025 |
Resolved-Audited Assets of
$23757.06 are greater than Guideline Required Assets of $0. - Due Diligence
Vendor-11/20/2025 |
XX | MD | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | ||||
| 238 | XX | XX | Closed | 2025-XX-10 14:34 | 2025-XX-20 11:32 | Resolved | 1 - Information | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Resolved-Total Qualified
Assets for Reserves Post-Close of $23757.06 is equal to or greater than Total
Required Reserve Amount of $0 - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. loan is a rate term which meets all requirements to waive reserves; this is actually seen on the asset worksheet - Buyer-11/XX/2025 Open-Total Qualified Assets for Reserves Post-Close of $23757.06 is less than Total Required Reserve Amount of $34281.15 Short $10,524.09 verified reserves. - Due Diligence Vendor-11/XX/2025 |
Resolved-Total Qualified
Assets for Reserves Post-Close of $23757.06 is equal to or greater than Total
Required Reserve Amount of $0 - Due Diligence Vendor-11/20/2025 |
XX | MD | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 243 | XX | XX | Closed | 2025-XX-03 11:21 | 2025-XX-10 09:20 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/03/2025 |
TX | Investment | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 250 | XX | XX | Closed | 2025-XX-04 08:45 | 2025-XX-04 08:46 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/04/2025 |
NJ | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 255 | XX | XX | Closed | 2025-XX-18 11:22 | 2025-XX-18 11:22 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/18/2025 |
MI | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 266 | XX | XX | Closed | 2025-XX-04 10:00 | 2025-XX-20 12:48 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrowing Entity of Evidence of Good Standing | Resolved-Evidence of Good
Standing received, finding resolved. - Due Diligence Vendor-11/XX/2025 Resolved-Evidence of Good Standing provided - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Good Standing - Buyer-11/XX/2025 Open-Missing Evidence of Good Standing. Missing Evidence of Good Standing for business entity. - Due Diligence Vendor-11/XX/2025 |
Resolved-Evidence of Good
Standing received, finding resolved. - Due Diligence Vendor-11/20/2025 Resolved-Evidence of Good Standing provided - Due Diligence Vendor-11/20/2025 |
XX | FL | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 272 | XX | XX | Closed | 2025-XX-07 11:23 | 2025-XX-18 16:35 | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Lender advised
Single Loan Exception (SLE) is not required to have compensating factors.
Statement is true. Finding Waived-EV2. - Due Diligence Vendor-11/XX/2025 Counter-Single Loan Exception or Disposition Notice from the lender does indeed need to reflect compensating factors. Please provide either. Finding remains. - Due Diligence Vendor-11/XX/2025 Ready for Review-Per our UW manager Our SLE form’s do not contain the internal comp factors we used on the exception, they never have. - Buyer-11/XX/2025 Open-Property type is ineligible due to Lender's guidelines require at least one separate bedroom for a condotel; however, the appraisal and photos indicate there is no separate bedroom. The lender provided an approved exception; however, no comp factors were provided.. - Due Diligence Vendor-11/XX/2025 |
Waived-Lender advised Single
Loan Exception (SLE) is not required to have compensating factors. Statement
is true. Finding Waived-EV2. - Due Diligence Vendor-11/18/2025 |
803 credit score excceds
guideline minimum 720 21.26 mths reserves exceeds guidelines minimum 6 mths 0x30 mtg history reporting on credit for 22 mths |
UT | Investment | Purchase | NA | XX | Originator Pre-Close | Yes | |||||
| 272 | XX | XX | Closed | 2025-XX-31 15:27 | 2025-XX-14 08:17 | Resolved | 1 - Information | Credit | Insurance | Master Policy Expiration Date is Prior To the Transaction Date | Resolved-Master Policy
Expiration Date of 09-XX-2026 is Equal to or After the Transaction Date of
10-XX-2025 Or Master Policy Expiration Date Is Not Provided - Due Diligence
Vendor-11/XX/2025 Ready for Review-Document Uploaded. master ins - Buyer-11/XX/2025 Open-Master Policy Expiration Date of 09-XX-2025 is Prior To the Transaction Date of 10-XX-2025 - Due Diligence Vendor-10/XX/2025 |
Resolved-Master Policy
Expiration Date of 09-XX-2026 is Equal to or After the Transaction Date of
10-XX-2025 Or Master Policy Expiration Date Is Not Provided - Due Diligence
Vendor-11/14/2025 |
XX | UT | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 274 | XX | XX | Closed | 2025-XX-11 12:11 | 2025-XX-11 12:11 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P RA Only
- Value grade equals B, secondary product within tolerance. - Due Diligence
Vendor-11/11/2025 |
MD | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Investor Post-Close | No | ||||||
| 285 | XX | XX | Closed | 2025-XX-16 10:25 | 2025-XX-22 17:24 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
evidence of timely disclosure of the New York pamphlet “What Mortgage
Applicants Need to Know”. Condition cleared. - Due Diligence
Vendor-10/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached initial disclosures and acknowledgement of receipt, What Mortgage Applicants Need to Know Pamphlet is included in initial disclosures. - Buyer-10/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided
evidence of timely disclosure of the New York pamphlet “What Mortgage
Applicants Need to Know”. Condition cleared. - Due Diligence
Vendor-10/22/2025 Resolved-Disclosure provided. - Due Diligence Vendor-10/22/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 285 | XX | XX | Closed | 2025-XX-16 12:19 | 2025-XX-22 17:24 | Resolved | 1 - Information | Credit | Missing Doc | Flood Certificate Missing | Resolved-Lender provided
Flood Certificate. Condition cleared. - Due Diligence Vendor-10/XX/2025 Resolved-Flood Certificate is fully present - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached flood cert. - Buyer-10/XX/2025 Open-Missing Flood Certificate - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided
Flood Certificate. Condition cleared. - Due Diligence Vendor-10/22/2025 Resolved-Flood Certificate is fully present - Due Diligence Vendor-10/22/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 294 | XX | XX | Closed | 2025-XX-28 15:11 | 2025-XX-28 15:11 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/28/2025 |
GA | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 304 | XX | XX | Closed | 2025-XX-11 12:58 | 2025-XX-11 12:58 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P RA Only
- Value grade equals B, secondary product within tolerance. - Due Diligence
Vendor-11/11/2025 |
TN | Primary Residence | Refinance | Cash Out - Other | XX | Investor Post-Close | No | ||||||
| 308 | XX | XX | Closed | 2025-XX-07 07:17 | 2025-XX-11 12:24 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/07/2025 |
WA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Investor Post-Close | No | ||||||
| 309 | XX | XX | Closed | 2025-XX-03 06:55 | 2025-XX-12 16:40 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached initial disclosures and acknowledgement of receipt, What Mortgage Applicants Need to Know Pamphlet is included in initial disclosures. - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/12/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/12/2025 |
XX | NY | Second Home | Purchase | NA | XX | N/A | N/A | |||||
| 314 | XX | XX | Closed | 2025-XX-06 10:12 | 2025-XX-12 12:47 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. initial docs - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. . - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/12/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/12/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 323 | XX | XX | Closed | 2025-XX-06 07:31 | 2025-XX-06 07:31 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/06/2025 |
TX | Primary Residence | Refinance | Cash Out - Other | XX | Investor Post-Close | No | ||||||
| 335 | XX | XX | Closed | 2025-XX-17 09:18 | 2025-XX-11 13:37 | Resolved | 1 - Information | Credit | Closing | Evidence of Good Standing age exceeds guidelines | Resolved-TPR was able to
confirm the business entity is in good standing through MD.Gov. Finding
Resolved. - Due Diligence Vendor-11/XX/2025 Resolved-Evidence of Good Standing in file is dated 05-XX-2025 and note is dated 10-XX-2025. Document age of days is within guidelines. - Due Diligence Vendor-11/XX/2025 Ready for Review-please advise if you have an update on this request. - Investor-11/XX/2025 Counter-Sent to Lender's VP of Product Development for review. Finding remains at this time. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. LOE - Investor-11/XX/2025 Counter-For a DSCR loan in Maryland, the Certificate of Good Standing (also called a Certificate of Status) confirms the business entity is legally compliant and authorized to transact business. This document is required when the loan is made to an LLC, corporation, or other business entity rather than an individual. Since this loan did not close as in individual, the Cert of Good Standing is required to be within 90 days of the Note date as required by 1A.8 of the guidelines. Condition Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Per the UW manager There is no age of documentation limitation on the certificate of good standing. The certificate is reasonably current. - Investor-10/XX/2025 Counter-Lender states evidence of good standing is not a credit document that is required to be dated within 90 days of closing. Disagree - the document in file was 156 days old at the time of closing which is not sufficient evidence the entity is still in good standing. Condition remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Disagree - the evidence of good standing is not a credit document required to be dated within 90 days of the closing date. - Investor-10/XX/2025 Open-Evidence of Good Standing in file is dated 05-XX-2025 and note is dated 10-XX-2025. Document age of days exceeds guidelines. Evidence of Good Standing in file is dated 05-XX-2025 and note is dated 10-XX-2025. Document age of 156 days exceeds guidelines. - Due Diligence Vendor-10/XX/2025 |
Resolved-TPR was able to
confirm the business entity is in good standing through MD.Gov. Finding
Resolved. - Due Diligence Vendor-11/11/2025 Resolved-Evidence of Good Standing in file is dated 05-XX-2025 and note is dated 10-XX-2025. Document age of days is within guidelines. - Due Diligence Vendor-11/11/2025 |
XX | MD | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 339 | XX | XX | Closed | 2025-XX-22 10:56 | 2025-XX-22 10:56 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/22/2025 |
LA | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 340 | XX | XX | Closed | 2025-XX-11 09:02 | 2025-XX-13 13:06 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. initial docs - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/13/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/13/2025 |
XX | NY | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 371 | XX | XX | Closed | 2025-XX-14 12:02 | 2025-XX-20 14:23 | Resolved | 1 - Information | Credit | Missing Doc | Missing Business Purpose Affidavit | Resolved-Business Purpose
Affidavit received. Finding resolved. - Due Diligence Vendor-11/XX/2025 Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Business Purpose - Buyer-11/XX/2025 Open-The loan file is missing the Business Purpose Affidavit as required by Lender guidelines. - Due Diligence Vendor-11/XX/2025 |
Resolved-Business Purpose
Affidavit received. Finding resolved. - Due Diligence Vendor-11/20/2025 Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-11/20/2025 |
XX | NC | Investment | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 374 | XX | XX | Closed | 2025-XX-11 09:45 | 2026-XX-17 19:23 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements | Resolved-XX- Due Diligence
Vendor-11/XX/2025 Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached CD for XX property. - Buyer-11/XX/2025 Open-ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements As per Final 1003, REO-3 was recently purchased. However, supporting documents are missing to verify the PITI for the same property. - Due Diligence Vendor-11/XX/2025 |
Resolved-XX- Due Diligence
Vendor-11/14/2025 Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-11/14/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 374 | XX | XX | Closed | 2025-XX-11 12:04 | 2025-XX-14 09:51 | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Lender provided
final Closing Disclosure for REO-3 with PITIA listed. Finding Resolved. - Due
Diligence Vendor-11/XX/2025 Ready for Review-Please see attached CD for XX property. - Investor-11/XX/2025 Open-As per Final 1003, REO-3 was recently purchased. However, supporting documents are missing to verify the PITI for the same property. - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided
final Closing Disclosure for REO-3 with PITIA listed. Finding Resolved. - Due
Diligence Vendor-11/14/2025 |
NY | Primary Residence | Purchase | NA | XX | N/A | N/A | ||||||
| 374 | XX | XX | Closed | 2025-XX-11 09:53 | 2025-XX-13 15:32 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached initial disclosures and acknowledgement of receipt, What Mortgage Applicants Need to Know Pamphlet is included in initial disclosures. - Seller-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-11/XX/2025 |
Ready for Review-Document
Uploaded. Please see attached initial disclosures and acknowledgement of
receipt, What Mortgage Applicants Need to Know Pamphlet is included in
initial disclosures. - Seller-11/13/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/13/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/13/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | ||||
| 376 | XX | XX | Closed | 2025-XX-05 19:13 | 2025-XX-20 19:28 | Cured | 2 - Non-Material | Compliance | Rescission:Variance | Federal - Right of Rescission Variance Failure (TILA) | Cured-The rescission
period has expired. This finding is non-material and will be rated a B for
all agencies. - Due Diligence Vendor-11/XX/2025 Ready for Review-Borrower has not rescinded loan - Buyer-11/XX/2025 Counter-Lender provided the new NORTC. Please resubmit the condition for review after the rescission period has expired as proof the borrower did not rescind. Condition maintained. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. rtc - Buyer-11/XX/2025 Open-The disclosed "Right to Cancel Expire Date" (2025-XX-17) is earlier than the system calculated "Right to Cancel Expire Date" (2025-XX-18). Under Regulation Z, funds may not be disbursed to the borrower until the expiration of the rescission period. (12 CFR 1026.23(c) and Official Staff Commentary) Borrower(s) did not receive 3 days right of rescission. Lender to reopen rescission giving borrower the required 3 days. Provide borrower signed copy of new NORTC. NOTE: Condition will not be cleared prior to new expiration date. - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 |
Cured-The rescission period
has expired. This finding is non-material and will be rated a B for all
agencies. - Due Diligence Vendor-11/21/2025 |
XX | CO | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 409 | XX | XX | Closed | 2025-XX-06 14:21 | 2025-XX-10 07:34 | Resolved | 1 - Information | Credit | Closing | Evidence of Good Standing age exceeds guidelines | Resolved-Lender provided
Evidence of Good Standing. Finding Resolved. - Due Diligence
Vendor-11/XX/2025 Resolved-Evidence of Good Standing in file is dated 11-XX-2024 and note is dated 10-XX-2025. Document age of days is within guidelines. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached showing certificate of good standing was obtained on 09-XX-25 and 10-XX-25. - Buyer-11/XX/2025 Open-Evidence of Good Standing in file is dated 11-XX-2024 and note is dated 10-XX-2025. Document age of days exceeds guidelines. - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided
Evidence of Good Standing. Finding Resolved. - Due Diligence
Vendor-11/10/2025 Resolved-Evidence of Good Standing in file is dated 11-XX-2024 and note is dated 10-XX-2025. Document age of days is within guidelines. - Due Diligence Vendor-11/10/2025 |
XX | PA | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 419 | XX | XX | Closed | 2025-XX-10 12:57 | 2025-XX-10 12:58 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/10/2025 |
ME | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Originator Pre-Close | No | ||||||
| 439 | XX | XX | Closed | 2025-XX-11 09:36 | 2025-XX-11 09:36 | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Housing History Does Not Meet Guideline Requirements A lender exception is present in the loan file, dated prior to consummation, providing adequate comp factors. - Due Diligence Vendor-11/XX/2025 | Waived-Housing History Does
Not Meet Guideline Requirements A lender exception is present in the loan
file, dated prior to consummation, providing adequate comp factors. - Due
Diligence Vendor-11/11/2025 |
8.81 yrs Self Employed 698 credit score exceeds guideline minimum 640 65% ltv below the guideline maxmimum 80% 15.5% DTI is below the guideline maximum 43% |
AL | Primary Residence | Purchase | NA | XX | Originator Pre-Close | Yes | |||||
| 448 | XX | XX | Closed | 2025-XX-17 08:40 | 2025-XX-20 05:03 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/17/2025 |
AZ | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 459 | XX | XX | Closed | 2025-XX-06 15:36 | 2025-XX-11 07:40 | Resolved | 1 - Information | Credit | Closing | Evidence of Good Standing age exceeds guidelines | Resolved-Evidence of Good
Standing in file is dated 04-XX-2025 and note is dated 10-XX-2025. Document
age of days is within guidelines. -
Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached letter obtaining on 10-XX-25. - Buyer-11/XX/2025 Open-Evidence of Good Standing in file is dated 04-XX-2025 and note is dated 10-XX-2025. Document age of days exceeds guidelines. - Due Diligence Vendor-11/XX/2025 |
Resolved-Evidence of Good
Standing in file is dated 04-XX-2025 and note is dated 10-XX-2025. Document
age of days is within guidelines. -
Due Diligence Vendor-11/11/2025 |
XX | MD | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 463 | XX | XX | Closed | 2025-XX-18 12:31 | 2026-XX-17 09:23 | Resolved | 1 - Information | Property | Value | Missing Valuation Review Product - 1 | Resolved-A valid secondary
valuation supporting the origination appraisal value was provided. - Due
Diligence Vendor-01/XX/2026 Resolved-Received the XX CDA. Finding Resolved - Due Diligence Vendor-01/XX/2026 Counter-Missing the XX CDA disclosed on the CD and any supplemental documentation outlining the errors - Due Diligence Vendor-01/XX/2026 Ready for Review-We made the determination that the XX CDA that was ordered was done poorly with significant errors in the report so we ordered an additional valuation tool (permitted per guidelines) at our own cost through XX. Both the CCA from CA and the CU score (1.5) show the value on the appraisal is more than supported. - Buyer-01/XX/2026 Counter-Additional valuation performed needed to verify sufficient for value, finding maintained. - Due Diligence Vendor-12/XX/2025 Ready for Review-UW response: XX CDA isn't required, program requires one CDA -checked with leadership. Please advise what you will accept to clear. - Investor-12/XX/2025 Counter-The CA Desk Review is in the loan file. While only one Desk Review is needed to support the value, an additional valuation was disclosed. The File also contains the Invoice for the XX Desk Review and the Closing Disclosure list the XX Desk Review Charge. We need the valuation referenced on the XX invoice and charge on the CD. - Due Diligence Vendor-12/XX/2025 Ready for Review-UW response: only one CDA is required and CA CDA was provided - CDA from XX not required - Investor-12/XX/2025 Open-A valid secondary valuation supporting the origination appraisal value is not present. Upon further review - Missing the XX Desk Review - disclosed on the Final CD and Invoice in file. - Due Diligence Vendor-12/XX/2025 |
Resolved-A valid secondary
valuation supporting the origination appraisal value was provided. - Due
Diligence Vendor-01/16/2026 Resolved-Received the XX CDA. Finding Resolved - Due Diligence Vendor-01/16/2026 |
VA | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | ||||||
| 463 | XX | XX | Closed | 2026-XX-15 22:49 | 2026-XX-15 22:49 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. - Due Diligence Vendor-01/XX/2026 | Acknowledged-S&P RA Only
- Value grade equals B, secondary product within tolerance. - Due Diligence
Vendor-01/16/2026 |
VA | Investment | Refinance | Cash Out - Other | XX | Investor Post-Close | No | ||||||
| 463 | XX | XX | Closed | 2025-XX-04 15:51 | 2025-XX-14 08:04 | Resolved | 1 - Information | Credit | Missing Doc | Missing Mortgage/Deed of Trust | Resolved-The Deed of Trust
is Present - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached mortgage. - Investor-11/XX/2025 Open-The Deed of Trust is Missing DOT in file does not match subject property address - Due Diligence Vendor-11/XX/2025 |
Resolved-The Deed of Trust
is Present - Due Diligence Vendor-11/14/2025 |
XX | VA | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 463 | XX | XX | Closed | 2025-XX-04 15:46 | 2025-XX-14 07:58 | Resolved | 1 - Information | Credit | Missing Doc | The Note is Missing | Resolved-The Note is
Present - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached Note. - Investor-11/XX/2025 Open-The Note is Missing Note in file does not match property address - Due Diligence Vendor-11/XX/2025 |
Resolved-The Note is Present
- Due Diligence Vendor-11/14/2025 |
XX | VA | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 463 | XX | XX | Closed | 2025-XX-04 15:59 | 2025-XX-14 07:57 | Resolved | 1 - Information | Credit | Missing Doc | Missing Final Application (1003) | Resolved-Final 1003
provided. Finding Resolved. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached application. - Investor-11/XX/2025 Open-A final application for the subject transaction was not provided Final Loan Application in file is not for subject property address - Due Diligence Vendor-11/XX/2025 |
Resolved-Final 1003
provided. Finding Resolved. - Due Diligence Vendor-11/14/2025 |
XX | VA | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 472 | XX | XX | Closed | 2025-XX-04 07:58 | 2025-XX-13 14:42 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. initial docs - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/13/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/13/2025 |
XX | NY | Primary Residence | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 474 | XX | XX | Closed | 2025-XX-11 08:38 | 2025-XX-11 08:40 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/11/2025 |
WI | Second Home | Purchase | NA | XX | Originator Post-Close | No | ||||||
| 476 | XX | XX | Closed | 2025-XX-05 11:46 | 2025-XX-05 11:46 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/05/2025 |
FL | Investment | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 486 | XX | XX | Closed | 2025-XX-11 11:33 | 2025-XX-11 11:33 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/11/2025 |
CA | Investment | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 487 | XX | XX | Closed | 2025-XX-10 13:21 | 2025-XX-20 18:49 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Initial Documents - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/21/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/21/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 491 | XX | XX | Closed | 2025-XX-17 16:49 | 2025-XX-04 11:30 | Resolved | 1 - Information | Credit | Insurance | Flood Insurance Expiration Date is before the Note Date | Resolved-Lender provided
Master Flood Policy. Finding Resolved. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached flood policy. - Buyer-11/XX/2025 Open-Flood Insurance Expiration Date of 10-XX-2025 is prior to the Note Date of 10-XX-2025 - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided
Master Flood Policy. Finding Resolved. - Due Diligence Vendor-11/04/2025 |
XX | FL | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 492 | XX | XX | Closed | 2025-XX-17 08:58 | 2025-XX-31 07:10 | Resolved | 1 - Information | Credit | Missing Doc | Missing Business Purpose Affidavit | Resolved-Business Purpose
Affidavit provided - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. B1 Business purpose - Buyer-10/XX/2025 Counter-Received Business Purpose Affidavit for B2 but document is still missing for B1. Finding remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. business purpose - Buyer-10/XX/2025 Open-The loan file is missing the Business Purpose Affidavit as required by Lender guidelines. - Due Diligence Vendor-10/XX/2025 |
Resolved-Business Purpose
Affidavit provided - Due Diligence Vendor-10/31/2025 |
XX | WI | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 501 | XX | XX | Closed | 2025-XX-11 16:35 | 2025-XX-19 12:23 | Resolved | 1 - Information | Compliance | Rescission:Disbursement | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | Resolved-Lender provided
PCCD correcting the Disbursement Date. Condition cleared. - Due Diligence
Vendor-11/XX/2025 Resolved-Resolved - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. PCCD - Buyer-11/XX/2025 Open-The loan disbursement date (2025-XX-21) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (2025-XX-21). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) Right to Cancel provided in the loan file reflects a transaction date of 10/XX/2025 with an expiration date of 10/XX/2025. The loan disbursed on 10/XX/2025 per the final CD, which did not give the Borrower a full 3 days rescission period. - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided
PCCD correcting the Disbursement Date. Condition cleared. - Due Diligence
Vendor-11/19/2025 Resolved-Resolved - Due Diligence Vendor-11/19/2025 |
XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 501 | XX | XX | Closed | 2025-XX-11 17:03 | 2025-XX-12 09:00 | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV of 74.12% exceeds Guideline LTV of 70% Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-11/XX/2025 | Waived-Audited LTV of 74.12%
exceeds Guideline LTV of 70% Lender provided approved exception dated prior
to consummation and all lender compensating factors have been documented and
validated. - Due Diligence Vendor-11/12/2025 |
Minimum FICO 758, Maximum DTI 35%, Maximum LTV 75%, Minimum reserve requirement met. | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Originator Pre-Close | Yes | |||||
| 501 | XX | XX | Closed | 2025-XX-11 17:03 | 2025-XX-12 09:00 | Waived | 2 - Non-Material | Credit | Eligibility | Audited HCLTV Exceeds Guideline HCLTV | Waived-Audited HLTV of 74.12% exceeds Guideline HCLTV of 70% Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-11/XX/2025 | Waived-Audited HLTV of
74.12% exceeds Guideline HCLTV of 70% Lender provided approved exception
dated prior to consummation and all lender compensating factors have been
documented and validated. - Due
Diligence Vendor-11/12/2025 |
Minimum FICO 758, Maximum DTI 35%, Maximum LTV 75%, Minimum Reserve requirement met. | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Originator Pre-Close | Yes | |||||
| 501 | XX | XX | Closed | 2025-XX-11 17:03 | 2025-XX-12 08:59 | Waived | 2 - Non-Material | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV | Waived-Audited CLTV of 74.12% exceeds Guideline CLTV of 70% Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-11/XX/2025 | Waived-Audited CLTV of
74.12% exceeds Guideline CLTV of 70% Lender provided approved exception dated
prior to consummation and all lender compensating factors have been
documented and validated. - Due
Diligence Vendor-11/12/2025 |
Minimum FICO 758, Maximum DTI 35%, Maximum LTV 75%, Minimum Reserve requirement met. | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Originator Pre-Close | Yes | |||||
| 507 | XX | XX | Closed | 2025-XX-15 09:20 | 2026-XX-18 12:10 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/XX/2025 Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. bnk stmt - Buyer-10/XX/2025 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Loan file is missing bank statement from XX, account number ending XX, dated 12/XX/2024. - Due Diligence Vendor-10/XX/2025 |
Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/28/2025 Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-10/28/2025 |
XX | NJ | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 507 | XX | XX | Closed | 2025-XX-15 09:21 | 2025-XX-28 14:23 | Resolved | 1 - Information | Credit | Missing Doc | Missing Income - Bank Statements | Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. bnk stmt - Buyer-10/XX/2025 Open-Loan file is missing bank statement from XX, account number ending XX, dated 12/XX/2024. - Due Diligence Vendor-10/XX/2025 |
Resolved-Documentation
received, finding resolved - Due Diligence Vendor-10/28/2025 |
XX | NJ | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 522 | XX | XX | Closed | 2025-XX-07 08:32 | 2025-XX-07 08:32 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P RA Only
- Value grade equals B, secondary product within tolerance. - Due Diligence
Vendor-11/07/2025 |
TX | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 525 | XX | XX | Closed | 2025-XX-07 16:33 | 2025-XX-13 17:39 | Resolved | 1 - Information | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Loan qualified
using short-term rental. Finding resolved. - Due Diligence Vendor-11/XX/2025
Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-11/XX/2025 Ready for Review-DSCR is 1.32 and 80% LTV is acceptable. Total PITIA is $2005.49 and market rent is $2658.33 from the AirDNA. - Buyer-11/XX/2025 Open-Audited LTV of 80% exceeds Guideline LTV of 75% Max LTV for a purchase transaction when the DSCR is < 1.00% is 75% - Due Diligence Vendor-11/XX/2025 |
Resolved-Loan qualified
using short-term rental. Finding resolved. - Due Diligence Vendor-11/13/2025
Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-11/13/2025 |
FL | Investment | Purchase | NA | XX | N/A | N/A | ||||||
| 549 | XX | XX | Closed | 2025-XX-14 17:51 | 2025-XX-23 11:40 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Guides silent
regarding regarding mortgages that borrower is not personally responsible for
therefore defaulting to FNMA guidelines which state that if the borrower is
not personally liable, and the business pays the mortgage, then no VOM is required.
Payoff statements in file reflect mortgages in the name of the borrower’s
business. Finding resolved. - Due Diligence Vendor-10/XX/2025 Ready for Review-Drive report does not show mortgages for properties in borrowers name. All docs provided confirm ownership in name of LLC. no VOM is required if borrower is not personally liable on the mortga - Buyer-10/XX/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing 12 month payment history for subject and REO's. - Due Diligence Vendor-10/XX/2025 |
Resolved-Guides silent
regarding regarding mortgages that borrower is not personally responsible for
therefore defaulting to FNMA guidelines which state that if the borrower is
not personally liable, and the business pays the mortgage, then no VOM is required.
Payoff statements in file reflect mortgages in the name of the borrower’s
business. Finding resolved. - Due Diligence Vendor-10/23/2025 |
OK | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | ||||||
| 551 | XX | XX | Closed | 2025-XX-14 16:43 | 2025-XX-20 12:48 | Resolved | 1 - Information | Credit | Closing | Evidence of Good Standing age exceeds guidelines | Resolved-Evidence of Good
Standing in file is dated 06-XX-2012 and note is dated 09-XX-2025. Document
age of days is within guidelines. -
Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see the attached printout from the South Carolina Secretary of State website confirming that the LLC is currently in good standing. 6/XX/2012 was the filing date of the articles of organization for the LLC, not the good standing date. - Buyer-10/XX/2025 Open-Evidence of Good Standing in file is dated 06-XX-2012 and note is dated 09-XX-2025. Document age of days exceeds guidelines. Evidence of Good Standing in file is dated 06-XX-2012 and note is dated 09-XX-2025. Document age exceeds guidelines. - Due Diligence Vendor-10/XX/2025 |
Resolved-Evidence of Good
Standing in file is dated 06-XX-2012 and note is dated 09-XX-2025. Document
age of days is within guidelines. -
Due Diligence Vendor-10/20/2025 |
XX | NC | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 554 | XX | XX | Closed | 2025-XX-29 07:46 | 2025-XX-14 08:26 | Resolved | 1 - Information | Credit | Insurance | Hazard Insurance Effective Date is after the Disbursement Date | Resolved-Hazard Insurance
Effective Date of 10-XX-2025 is prior to or equal to the Note Date of
10-XX-2025 Or Hazard Insurance Effective Date Is Not Provided - Due Diligence
Vendor-11/XX/2025 Ready for Review-Document Uploaded. hoi - Buyer-11/XX/2025 Open-Hazard Insurance Effective Date of 10-XX-2025 is after the Note Date of 10-XX-2025 Hazard Insurance Effective Date is after the Note Date - Due Diligence Vendor-10/XX/2025 |
Resolved-Hazard Insurance
Effective Date of 10-XX-2025 is prior to or equal to the Note Date of
10-XX-2025 Or Hazard Insurance Effective Date Is Not Provided - Due Diligence
Vendor-11/14/2025 |
XX | VA | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 560 | XX | XX | Closed | 2025-XX-13 08:26 | 2026-XX-17 19:37 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-ATR Risk -
Current Income or Current Assets were considered - Due Diligence
Vendor-01/XX/2026 Resolved-Lender provided Business Bank stmt #xx - $24,000 was withdrawn and moved to #xx on the same day. Finding Resolved. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please review Business Bank stmt #xx - $24,000 was withdrawn and moved to #xx on the same day - Seller-10/XX/2025 Counter-Lender provided Closing Disclosure dated 12/XX/2024, cashier's check $26,411,81 dated 12/XX/2024 & LOI from borrower stating the $26,411.81 was used for closing cost for another property. Still need source of large deposit on 07/XX/2025 for $24,000 into #XX. Finding Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. large check - Buyer-10/XX/2025 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements missing source of large deposit - Due Diligence Vendor-10/XX/2025 |
Ready for Review-Document
Uploaded. Please review Business Bank stmt #xx - $24,000 was withdrawn and
moved to #XX on the same day -
Seller-10/20/2025 |
Resolved-ATR Risk - Current
Income or Current Assets were considered - Due Diligence Vendor-01/18/2026
Resolved-Lender provided Business Bank stmt #XX - $24,000 was withdrawn and moved to #xx on the same day. Finding Resolved. - Due Diligence Vendor-10/21/2025 |
XX | TX | Primary Residence | Purchase | NA | XX | N/A | N/A | ||||
| 560 | XX | XX | Closed | 2025-XX-08 09:27 | 2026-XX-17 19:35 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements | Resolved-Lender provided
copy of Final Closing Disclosure with evidence of property taxes. Finding
Resolved. - Due Diligence
Vendor-10/XX/2025 Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Disagree - please refer to the attached settlement statement which shows the $449.86 monthly loan payment + $146.59 tax/other expenses for the XX property, as well as the assessor's property information card confirming that the XX property is land only so there is no insurance expense or HOA expense. - Investor-10/XX/2025 Open-ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements Taxes & HOA missing for REO 3b - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided
copy of Final Closing Disclosure with evidence of property taxes. Finding
Resolved. - Due Diligence
Vendor-10/21/2025 Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-10/21/2025 |
XX | TX | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 560 | XX | XX | Closed | 2025-XX-13 08:26 | 2025-XX-21 09:09 | Resolved | 1 - Information | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Lender provided
Business Bank stmt #XX - $24,000 was withdrawn and moved to #XX on the same
day. Finding Resolved. - Due Diligence Vendor-10/XX/2025 Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Business Bank stmt #XX - $24,000 was withdrawn and moved to #XX on the same day - Buyer-10/XX/2025 Counter-Lender provided Closing Disclosure dated 12/XX/2024, cashier's check $26,411,81 dated 12/XX/2024 & LOI from borrower stating the $26,411.81 was used for closing cost for another property. Still need source of large deposit on 07/XX/2025 for $24,000 into #XX. Finding Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. large check - Investor-10/XX/2025 Open-Asset Qualification Does Not Meet Guideline Requirements Missing source of large deposit on 07/XX/2025 for $24,000 into #XX - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided
Business Bank stmt #xx - $24,000 was withdrawn and moved to #xx on the same
day. Finding Resolved. - Due Diligence Vendor-10/21/2025 Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-10/21/2025 |
XX | TX | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 560 | XX | XX | Closed | 2025-XX-13 08:36 | 2025-XX-21 09:00 | Resolved | 1 - Information | Credit | Missing Doc | Missing Evidence of Property Taxes for REO | Resolved-Lender provided
copy of Final Closing Disclosure with evidence of property taxes. Finding
Resolved. - Due Diligence
Vendor-10/XX/2025 Ready for Review-Document Uploaded. please review ALL pages of the attachment. the settlement statement and other supporting documents are in the attachment - Investor-10/XX/2025 Open-Evidence of property taxes for property 3b on the final application not provided. Additional conditions may apply - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided
copy of Final Closing Disclosure with evidence of property taxes. Finding
Resolved. - Due Diligence
Vendor-10/21/2025 |
XX | TX | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 560 | XX | XX | Closed | 2025-XX-13 08:39 | 2025-XX-16 12:47 | Resolved | 1 - Information | Credit | Missing Doc | Missing Evidence of HOA Dues for REO1 | Resolved-Received executed
borrower LOI stating there is no HOA. Finding Resolved. - Due Diligence
Vendor-10/XX/2025 Ready for Review-Document Uploaded. hoa - Buyer-10/XX/2025 Open-Missing Evidence of HOA Dues for REO1 HOA reflected on the purchase CD for property 3b of the final 1003. Missing statement for HOA. Additional conditions may apply - Due Diligence Vendor-10/XX/2025 |
Resolved-Received executed
borrower LOI stating there is no HOA. Finding Resolved. - Due Diligence
Vendor-10/16/2025 |
XX | TX | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 567 | XX | XX | Closed | 2025-XX-31 14:16 | 2026-XX-19 12:54 | Resolved | 1 - Information | Property | Value | Missing Valuation Review Product - 1 | Resolved-A valid secondary
valuation supporting the origination appraisal value was provided. - Due
Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. CDA - Buyer-11/XX/2025 Open-A valid secondary valuation supporting the origination appraisal value is not present. Secondary Valuation is missing - Due Diligence Vendor-10/XX/2025 |
Resolved-A valid secondary
valuation supporting the origination appraisal value was provided. - Due
Diligence Vendor-11/14/2025 |
XX | NH | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 568 | XX | XX | Closed | 2025-XX-27 10:58 | 2025-XX-04 11:35 | Resolved | 1 - Information | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage
Amount of $XX is equal to or greater than Total Amount of Subject Lien(s) $XX
- Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. title - Buyer-11/XX/2025 Open-Title Coverage Amount of $XX is Less than Total Amount of Subject Lien(s) of $XX Coverage amount of $XX is less than note amount of $XX. - Due Diligence Vendor-10/XX/2025 |
Resolved-Title Coverage
Amount of $xx is equal to or greater than Total Amount of Subject Lien(s) $xx
- Due Diligence Vendor-11/04/2025 |
XX | NV | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 571 | XX | XX | Closed | 2025-XX-08 11:31 | 2025-XX-23 11:49 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Guides silent
regarding regarding mortgages that borrower is not personally responsible for
therefore defaulting to FNMA guidelines which state that if the borrower is
not personally liable, and the business pays the mortgage, then no VOM is required.
Payoff statements in file reflect mortgages in the name of the borrower’s
business. Finding resolved. - Due Diligence Vendor-10/XX/2025 Ready for Review-Drive report does not show mortgages for properties in borrowers name. All docs provided confirm ownership in name of LLC. no VOM is required if borrower is not personally liable on the mortgage - Buyer-10/XX/2025 Counter-Lender provided statement that states 'Borrower held the mtg under a XX and not personally under his name so no payment history is required to be documented.' Per the guidelines, If the mortgage is not verified on the credit report it must be documented by one of the following: VOM by professional management company and/or private party; A copy of the Note & 12 months cancelled checks or bank statements; or Credit Supplement verifying the housing payment history. Please provide copy of guidelines that state if held in an LLC, housing is not required. Finding Remains. - Due Diligence Vendor-10/XX/2025 Ready for Review-Borrower held the mtg under a XX and not personally under his name so no payment history is required to be documented. - Buyer-10/XX/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing payment histories for the subject property and the additional REO property. - Due Diligence Vendor-10/XX/2025 |
Resolved-Guides silent
regarding regarding mortgages that borrower is not personally responsible for
therefore defaulting to FNMA guidelines which state that if the borrower is
not personally liable, and the business pays the mortgage, then no VOM is required.
Payoff statements in file reflect mortgages in the name of the borrower’s
business. Finding resolved. - Due Diligence Vendor-10/23/2025 |
OK | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | ||||||
| 581 | XX | XX | Closed | 2025-XX-19 08:39 | 2025-XX-03 18:37 | Resolved | 1 - Information | Credit | Missing Doc | Missing Business Purpose Affidavit | Resolved-Business Purpose
Affidavit provided - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached business purpose certificate. - Buyer-10/XX/2025 Open-The loan file is missing the Business Purpose Affidavit as required by Lender guidelines. - Due Diligence Vendor-10/XX/2025 |
Resolved-Business Purpose
Affidavit provided - Due Diligence Vendor-11/04/2025 |
XX | GA | Investment | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 599 | XX | XX | Closed | 2025-XX-27 14:36 | 2025-XX-27 14:53 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/27/2025 |
UT | Primary Residence | Refinance | Cash Out - Other | XX | Investor Post-Close | No | ||||||
| 605 | XX | XX | Closed | 2025-XX-21 10:12 | 2025-XX-04 11:00 | Resolved | 1 - Information | Credit | Missing Doc | Title Document Missing | Resolved-Title Document is
not Missing - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. title - Buyer-11/XX/2025 Open-Title Document is missing Title document not in file - Due Diligence Vendor-10/XX/2025 |
Resolved-Title Document is
not Missing - Due Diligence Vendor-11/04/2025 |
XX | TX | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 611 | XX | XX | Closed | 2025-XX-29 07:44 | 2025-XX-12 16:27 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Closing Disclosure and Consummation Date | Resolved-Lender provided
ICD. Condition cleared. - Due Diligence Vendor-11/XX/2025 Resolved- - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. ICD 101325 - Buyer-11/XX/2025 Open-The Initial Closing Disclosure Received Date of (2025-XX-20) is not three business days before the consummation date of (2025-XX-20). Three business days before the consummation date is (20251016). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) The initial CD is missing from the loan file. Additional conditions may apply - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided
ICD. Condition cleared. - Due Diligence Vendor-11/12/2025 |
XX | WA | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 617 | XX | XX | Closed | 2025-XX-28 10:43 | 2025-XX-28 10:43 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/28/2025 |
TX | Investment | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 618 | XX | XX | Closed | 2025-XX-11 11:24 | 2025-XX-20 18:45 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached initial disclosures and acknowledgement of receipt, What Mortgage Applicants Need to Know Pamphlet is included in initial disclosures. - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/21/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/21/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 640 | XX | XX | Closed | 2025-XX-14 16:19 | 2025-XX-23 09:27 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Received copy of
a valid ID. Finding resolved. - Due Diligence Vendor-10/XX/2025 Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. ID - Buyer-10/XX/2025 Open-Missing Borrower Identification - Borrower 1. No ID found in file - Due Diligence Vendor-10/XX/2025 |
Resolved-Received copy of a
valid ID. Finding resolved. - Due Diligence Vendor-10/23/2025 Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-10/23/2025 |
XX | MD | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 646 | XX | XX | Closed | 2025-XX-11 05:45 | 2025-XX-13 15:35 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached initial disclosures and acknowledgement of receipt, What Mortgage Applicants Need to Know Pamphlet is included in initial disclosures. - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/13/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/13/2025 |
XX | NY | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 655 | XX | XX | Closed | 2025-XX-13 09:39 | 2025-XX-18 10:31 | Waived | 2 - Non-Material | Credit | Eligibility | Transaction Ineligible | Waived-The Borrower owns 2 businesses. Subject loan was qualified with bank statement income for each business. Each business had 9 Non-Sufficient Funds payments, which exceeds the guideline limit of 6. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documents and validated. - Due Diligence Vendor-11/XX/2025 | Waived-The Borrower owns 2
businesses. Subject loan was qualified with bank statement income for each
business. Each business had 9
Non-Sufficient Funds payments, which exceeds the guideline limit of 6. Lender
provided approved exception dated prior to consummation and all lender
compensating factors have been documents and validated. - Due Diligence Vendor-11/13/2025 |
- FICO of 686 -DTI maximum of 35% -LTV maximum of 20% -Minimum reserves of $13,620 |
CO | Primary Residence | Purchase | NA | XX | Originator Pre-Close | Yes | |||||
| 655 | XX | XX | Closed | 2025-XX-18 10:28 | 2025-XX-18 10:28 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/18/2025 |
CO | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 656 | XX | XX | Closed | 2025-XX-19 00:42 | 2025-XX-04 11:26 | Resolved | 1 - Information | Credit | Insurance | Flood Insurance Expiration Date is before the Note Date | Resolved-Flood Insurance
Expiration Date of 10-XX-2026 is equal to or after the Note Date of
10-XX-2025 Or Flood Insurance Expiration Date Is Not Provided - Due Diligence
Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached flood policy. - Buyer-11/XX/2025 Open-Flood Insurance Expiration Date of 10-XX-2025 is prior to the Note Date of 10-XX-2025 - Due Diligence Vendor-10/XX/2025 |
Resolved-Flood Insurance
Expiration Date of 10-XX-2026 is equal to or after the Note Date of
10-XX-2025 Or Flood Insurance Expiration Date Is Not Provided - Due Diligence
Vendor-11/04/2025 |
XX | FL | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 658 | XX | XX | Closed | 2025-XX-09 15:43 | 2025-XX-11 17:05 | Resolved | 1 - Information | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test (50001261) | Resolved-Lender provided
valid COC to decrease the lender credit. Condition cleared. - Due Diligence
Vendor-11/XX/2025 Resolved-Resolved - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. COC for the CD 9/XX/2025 to address the change in the lender credit (YSP) is attached. - Buyer-11/XX/2025 Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits is ($4,050.00). The actual total fee amount shows a credit amount of ($90.00). The following actual fees submitted as "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure. (12 CFR 1026.19e)(3) and comments 19(e)(3)-5 and -6; 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). If a valid COC cannot be provided. a tolerance cure of $3960 is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided
valid COC to decrease the lender credit. Condition cleared. - Due Diligence
Vendor-11/11/2025 Resolved-Resolved - Due Diligence Vendor-11/11/2025 |
XX | CA | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 658 | XX | XX | Closed | 2025-XX-09 15:43 | 2025-XX-11 17:05 | Resolved | 1 - Information | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test (50001262) | Resolved-Lender provided
valid COC to decrease the lender credit. Condition cleared. - Due Diligence
Vendor-11/XX/2025 Resolved-Resolved - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. COC for the CD 9/XX/2025 to address the change in the lender credit (YSP) is attached. - Buyer-11/XX/2025 Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($4,050.00). The Last CD shows a total lender credit amount of ($90.00). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). If a valid COC cannot be provided. a tolerance cure of $3960 is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided
valid COC to decrease the lender credit. Condition cleared. - Due Diligence
Vendor-11/11/2025 Resolved-Resolved - Due Diligence Vendor-11/11/2025 |
XX | CA | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 669 | XX | XX | Closed | 2025-XX-31 07:00 | 2025-XX-06 20:08 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Borrower
Identification - Borrower 1 provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached ID. - Buyer-11/XX/2025 Open-Missing Borrower Identification - Borrower 1. - Due Diligence Vendor-10/XX/2025 |
Resolved-Borrower
Identification - Borrower 1 provided. - Due Diligence Vendor-11/07/2025 |
XX | GA | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 703 | XX | XX | Closed | 2025-XX-14 09:00 | 2025-XX-14 09:00 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/14/2025 |
LA | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 711 | XX | XX | Closed | 2025-XX-29 08:08 | 2025-XX-29 08:08 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/29/2025 |
MN | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 722 | XX | XX | Closed | 2025-XX-04 13:28 | 2025-XX-11 12:40 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Homeownership Counseling Disclosure Delivery | Resolved-Lender provided
evidence Homeownership Counseling Organization Disclosure sent timely.
Condition cleared. - Due Diligence Vendor-11/XX/2025 Resolved-Resolved - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. initial docs - Buyer-11/XX/2025 Open-The Homeownership Counseling Organization Disclosure Sent Date (2025-XX-25) is more than 3 business days from the Application Date (2025-XX-09). Three business days from the Application Date is (2025-XX-12). Under 12 CFR 1024.20, not later than three business days after receipt of an application, or information sufficient to complete an application, the lender must provide the applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. (12 CFR 1024.20) This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided
evidence Homeownership Counseling Organization Disclosure sent timely.
Condition cleared. - Due Diligence Vendor-11/11/2025 Resolved-Resolved - Due Diligence Vendor-11/11/2025 |
XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 722 | XX | XX | Closed | 2025-XX-08 08:00 | 2025-XX-11 12:37 | Resolved | 1 - Information | Compliance | Disclosure | RESPA: AfBA Disclosure not provided timely | Resolved-Lender provided
evidence Affiliated Business Disclosure sent timely. Condition cleared. - Due
Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. initial docs - Buyer-11/XX/2025 Open-RESPA: Lender's Affiliated Business Disclosure Date 09/XX/2025 is not within three business days of Application Date 09/XX/2025. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided
evidence Affiliated Business Disclosure sent timely. Condition cleared. - Due
Diligence Vendor-11/11/2025 |
XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | N/A | N/A | |||||
| 723 | XX | XX | Closed | 2025-XX-21 09:47 | 2025-XX-31 13:20 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-The lender
provided evidence the New York pamphlet “What Mortgage Applicants Need to
Know” was provided timely. Condition cleared. - Due Diligence
Vendor-10/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. NY doc - Buyer-10/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-10/XX/2025 |
Resolved-The lender provided
evidence the New York pamphlet “What Mortgage Applicants Need to Know” was
provided timely. Condition cleared. - Due Diligence Vendor-10/31/2025 Resolved-Disclosure provided. - Due Diligence Vendor-10/31/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 723 | XX | XX | Closed | 2025-XX-21 11:19 | 2025-XX-31 13:20 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Homeownership Counseling Disclosure Delivery | Resolved-The lender
provided evidence the Homeownership Counseling Organization Disclosure was
provided timely. Condition cleared. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. intial docs with hoc - Buyer-10/XX/2025 Open-The Homeownership Counseling Organization Disclosure Sent Date (2025-XX-16) is more than 3 business days from the Application Date (2025-XX-04). Three business days from the Application Date is (2025-XX-09). Under 12 CFR 1024.20, not later than three business days after receipt of an application, or information sufficient to complete an application, the lender must provide the applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. (12 CFR 1024.20) - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 |
Resolved-The lender provided
evidence the Homeownership Counseling Organization Disclosure was provided
timely. Condition cleared. - Due Diligence Vendor-10/31/2025 |
XX | NY | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 742 | XX | XX | Closed | 2025-XX-05 14:21 | 2025-XX-05 14:21 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P RA Only
- Value grade equals B, secondary product within tolerance. - Due Diligence
Vendor-11/05/2025 |
TX | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 743 | XX | XX | Closed | 2025-XX-11 07:56 | 2025-XX-11 07:56 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/11/2025 |
VA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Investor Post-Close | No | ||||||
| 746 | XX | XX | Closed | 2025-XX-30 08:43 | 2025-XX-14 11:34 | Resolved | 1 - Information | Credit | Eligibility | Appraisal Transfer Does Not Meet Guideline Requirements | Resolved-XX- Due Diligence
Vendor-11/XX/2025 Resolved-Appraisal Transfer Meets Guideline Requirements - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached transfer letter. - Buyer-11/XX/2025 Open-Appraisal Transfer Does Not Meet Guideline Requirements. The file is missing a Signed and dated Transfer Letter from the original lender to the lender of record releasing the document - Due Diligence Vendor-10/XX/2025 |
Resolved-XX- Due Diligence
Vendor-11/14/2025 Resolved-Appraisal Transfer Meets Guideline Requirements - Due Diligence Vendor-11/14/2025 |
XX | VA | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 746 | XX | XX | Closed | 2025-XX-30 08:10 | 2025-XX-30 08:10 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/30/2025 |
VA | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 750 | XX | XX | Closed | 2025-XX-07 07:58 | 2026-XX-17 20:10 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-ATR Risk -
Current Income or Current Assets were considered - Due Diligence
Vendor-01/XX/2026 Resolved-Taxes and Insurance for REO 5 provided; condition resolved. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached tax and insurance for 1070 Route 9W and 1072 Route 9W properties. - Investor-11/XX/2025 Counter-Loan file is missing evidence of $331 HOI and Taxes for REO 3e. Finding remains. - Due Diligence Vendor-11/XX/2025 Ready for Review-XX and XX are on the same HOI policy and taxes. The properties were separated on the 1003 due to the leases provided. The total payment for the properties may be slightly higher in our system of record and is divided between the two properties. - Investor-11/XX/2025 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements The investment property reflected on the final loan application in section 3e was qualified with a housing payment of $331.00 per month. The loan file is missing documentation to confirm this payment amount. - Due Diligence Vendor-11/XX/2025 |
Resolved-ATR Risk - Current
Income or Current Assets were considered - Due Diligence Vendor-01/18/2026
Resolved-Taxes and Insurance for REO 5 provided; condition resolved. - Due Diligence Vendor-11/24/2025 |
XX | NY | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 750 | XX | XX | Closed | 2025-XX-07 07:57 | 2025-XX-24 16:01 | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Taxes and
Insurance for REO 5 provided; condition resolved. - Due Diligence
Vendor-11/XX/2025 Ready for Review-Document Uploaded. Tax and insurance are attached, 1070 Route 9W and 1072 Route 9W are on the same HOI policy and taxes. - Seller-11/XX/2025 Counter-Loan file is missing evidence of $331 HOI and Taxes for REO 3e. Finding remains. - Due Diligence Vendor-11/XX/2025 Ready for Review-XX and XX are on the same HOI policy and taxes. The properties were separated on the 1003 due to the leases provided. The total payment for the properties may be slightly higher in our system of record and is divided between the two properties. - Buyer-11/XX/2025 Open-The investment property reflected on the final loan application in section 3e was qualified with a housing payment of $331.00 per month. The loan file is missing documentation to confirm this payment amount. - Due Diligence Vendor-11/XX/2025 |
Ready for Review-Document
Uploaded. Tax and insurance are attached, xx and xx are on the same HOI
policy and taxes. - Seller-11/19/2025 |
Resolved-Taxes and Insurance
for REO 5 provided; condition resolved. - Due Diligence Vendor-11/24/2025 |
XX | NY | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | ||||
| 750 | XX | XX | Closed | 2025-XX-07 06:46 | 2025-XX-13 16:41 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached initial disclosures and acknowledgement of receipt, What Mortgage Applicants Need to Know Pamphlet is included in initial disclosures. - Seller-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. - Due Diligence Vendor-11/XX/2025 |
Ready for Review-Document
Uploaded. Please see attached initial disclosures and acknowledgement of
receipt, What Mortgage Applicants Need to Know Pamphlet is included in
initial disclosures. - Seller-11/13/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/13/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/13/2025 |
XX | NY | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | ||||
| 754 | XX | XX | Closed | 2025-XX-13 16:09 | 2025-XX-13 16:13 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/13/2025 |
HI | Investment | Refinance | No Cash Out - Borrower Initiated | XX | Investor Post-Close | No | ||||||
| 755 | XX | XX | Closed | 2025-XX-15 07:10 | 2025-XX-17 15:59 | Resolved | 1 - Information | Compliance | Disclosure | E-Consent documentation is missing for borrower(s) | Resolved-Lender provided
e-Consent. Condition cleared. - Due Diligence Vendor-10/XX/2025 Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached audit trail with econsent. - Buyer-10/XX/2025 Open-E-Consent documentation is missing for borrower(s). E-Consent documentation is missing for borrower. - Due Diligence Vendor-10/XX/2025 |
Resolved-Lender provided
e-Consent. Condition cleared. - Due Diligence Vendor-10/17/2025 Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-10/17/2025 |
XX | AK | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||
| 755 | XX | XX | Closed | 2025-XX-16 06:47 | 2025-XX-16 06:47 | Waived | 2 - Non-Material | Credit | Missing Doc | Borrower 1 IRS Transcripts Missing | Waived-Missing 2 years tax transcripts on Edge loan where asset depletion income/rental income from subject purchase only being used. Lender provided approved exception dated prior to consummation. - Due Diligence Vendor-10/XX/2025 | Waived-Missing 2 years tax
transcripts on Edge loan where asset depletion income/rental income from
subject purchase only being used. Lender provided approved exception dated
prior to consummation. - Due Diligence Vendor-10/16/2025 |
SLE approved - no minimum/maximum parameters. | AK | Primary Residence | Purchase | NA | XX | Originator Pre-Close | Yes | |||||
| 763 | XX | XX | Closed | 2025-XX-11 09:04 | 2025-XX-11 09:05 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-11/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-11/11/2025 |
FL | Primary Residence | Refinance | Cash Out - Other | XX | Investor Post-Close | No | ||||||
| 771 | XX | XX | Closed | 2025-XX-28 08:24 | 2025-XX-28 08:25 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/28/2025 |
CO | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XX | Investor Post-Close | No | ||||||
| 778 | XX | XX | Closed | 2025-XX-16 08:25 | 2025-XX-04 10:18 | Cured | 2 - Non-Material | Compliance | Rescission:Variance | Federal - Right of Rescission Variance Failure (TILA) | Cured-Lender provided
evidence rescission was re-opened. This finding is non-material and will be
rated a B for all agencies. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. RTC docs - Buyer-11/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Open-The disclosed "Right to Cancel Expire Date" (2025-XX-04) is earlier than the system calculated "Right to Cancel Expire Date" (2025-XX-06). Under Regulation Z, funds may not be disbursed to the borrower until the expiration of the rescission period. (12 CFR 1026.23(c) and Official Staff Commentary) Invalid Finding - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 |
Cured-Lender provided
evidence rescission was re-opened. This finding is non-material and will be
rated a B for all agencies. - Due Diligence Vendor-11/04/2025 |
XX | CA | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | XX | N/A | N/A | |||||
| 778 | XX | XX | Closed | 2025-XX-16 08:25 | 2025-XX-04 10:18 | Cured | 2 - Non-Material | Compliance | Rescission:Disbursement | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | Cured-Lender provided
evidence rescission was re-opened. This finding is non-material and will be
rated a B for all agencies. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. RTC - Investor-11/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Open-The loan disbursement date (2025-XX-06) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (2025-XX-06). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) Invalid Finding - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 |
Cured-Lender provided
evidence rescission was re-opened. This finding is non-material and will be
rated a B for all agencies. - Due Diligence Vendor-11/04/2025 |
XX | CA | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | XX | N/A | N/A | |||||
| 793 | XX | XX | Closed | 2025-XX-03 14:20 | 2025-XX-12 16:35 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Closing Disclosure and Consummation Date | Resolved-Lender provided
ICD. Condition cleared. - Due Diligence Vendor-11/XX/2025 Resolved-Resolved - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. icd 100725 - Buyer-11/XX/2025 Open-The Initial Closing Disclosure Received Date of (2025-XX-10) is not three business days before the consummation date of (2025-XX-10). Three business days before the consummation date is (20251007). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) The initial CD is missing from the loan file. Additional conditions may apply. No Cure. - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 Open- - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided
ICD. Condition cleared. - Due Diligence Vendor-11/12/2025 Resolved-Resolved - Due Diligence Vendor-11/12/2025 |
XX | LA | Primary Residence | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 794 | XX | XX | Closed | 2025-XX-31 15:42 | 2025-XX-13 12:48 | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Lender provided
approved Exception. This is a DSCR loan; the 1.5 listed in the SLE is in
reference to the DSCR not DTI. Finding Waived-EV2 - Due Diligence
Vendor-11/XX/2025 Ready for Review-UW Manager response: This is a DSCR loan; the 1.5 listed in the SLE is in reference to the DSCR not DTI. please waive condition. - Buyer-11/XX/2025 Open-Audited Loan Amount of $XX is less than the Guideline Minimum Loan Amount of $100000 Lender provided approved exception; however, comp factors of 1.5 DTI and 85% LTV are not valid due to DTI is not calculated for investor DSCR and 85% LTV is max allowed. - Due Diligence Vendor-10/XX/2025 |
Waived-Lender provided
approved Exception. This is a DSCR loan; the 1.5 listed in the SLE is in
reference to the DSCR not DTI. Finding Waived-EV2 - Due Diligence
Vendor-11/13/2025 |
787 FICO > 720 min DTI 1.5 LTV 85% Minimum reserves $63,000 |
MO | Investment | Purchase | NA | XX | Originator Pre-Close | Yes | |||||
| 796 | XX | XX | Closed | 2025-XX-28 09:32 | 2025-XX-28 09:32 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-10/XX/2025 | Acknowledged-S&P value
equals B, secondary product within tolerance. This finding will be rated a B
for S&P. All other agencies will be rated as A. - Due Diligence
Vendor-10/28/2025 |
FL | Primary Residence | Purchase | NA | XX | Investor Post-Close | No | ||||||
| 796 | XX | XX | Seller | 2025-XX-22 11:22 | 2025-XX-29 18:31 | Open | 2 - Non-Material | Compliance | Tolerance:Disclosure | Federal - Homeownership Counseling Disclosure Delivery | Open-The Homeownership
Counseling Organization Disclosure Sent Date (2025-XX-17) is more than 3
business days from the Application Date (2025-XX-02). Three business days
from the Application Date is (2025-XX-05). Under 12 CFR 1024.20, not later
than three business days after receipt of an application, or information
sufficient to complete an application, the lender must provide the applicant
with a clear and conspicuous written list of homeownership counseling
organizations that provide relevant counseling services in the loan
applicant's location. (12 CFR 1024.20) Note: Compliance Ease report reflects
a disclosure sent 9-5-2025, but this document is not in the loan file. - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 Open- - Due Diligence Vendor-10/XX/2025 |
FL | Primary Residence | Purchase | NA | XX | N/A | N/A | |||||||
| 799 | XX | XX | Closed | 2025-XX-22 07:26 | 2025-XX-23 09:37 | Resolved | 1 - Information | Property | Value | Missing Valuation Review Product - 1 | Resolved-Second full
appraisal provided. Resolved. - Due
Diligence Vendor-10/XX/2025 Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached appraisals, 2nd appraisal was completed. - Buyer-10/XX/2025 Open-A valid secondary valuation supporting the origination appraisal value is not present. Missing Collateral Desktop Analysis (CDA) from XX. - Due Diligence Vendor-10/XX/2025 |
Resolved-Second full
appraisal provided. Resolved. - Due
Diligence Vendor-10/23/2025 Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-10/23/2025 |
XX | CA | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 804 | XX | XX | Closed | 2025-XX-12 08:05 | 2025-XX-21 14:17 | Resolved | 1 - Information | Compliance | Disclosure | Missing “What Mortgage Applicants Need to Know” Pamphlet | Resolved-Lender provided
New York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared.
- Due Diligence Vendor-11/XX/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/XX/2025 Ready for Review-Document Uploaded. Please see attached initial disclosures and acknowledgement of receipt, What Mortgage Applicants Need to Know Pamphlet is included in initial disclosures. - Buyer-11/XX/2025 Open-Missing the New York pamphlet “What Mortgage Applicants Need to Know” which must be provided by licensed lenders, mortgage bankers and other banking organizations effective 06/XX/2025. Missing “What Mortgage Applicants Need to Know” Pamphlet - Due Diligence Vendor-11/XX/2025 |
Resolved-Lender provided New
York pamphlet “What Mortgage Applicants Need to Know”. Condition cleared. -
Due Diligence Vendor-11/21/2025 Resolved-Disclosure provided. - Due Diligence Vendor-11/21/2025 |
XX | NY | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 807 | XX | XX | Closed | 2025-XX-07 07:32 | 2025-XX-11 12:32 | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Housing History Does Not Meet Guideline Requirements A lender exception is present in the loan file, dated prior to consummation, providing adequate comp factors. - Due Diligence Vendor-11/XX/2025 | Waived-Housing History Does
Not Meet Guideline Requirements A lender exception is present in the loan
file, dated prior to consummation, providing adequate comp factors. - Due
Diligence Vendor-11/07/2025 |
Compensatory Factors all
met Minimum FICO: 780 Maximum DTI: 50 Maximum LTV: 80 Minimum Reserves: $24,000 |
FL | Primary Residence | Purchase | NA | XX | Originator Pre-Close | Yes | |||||
| 808 | XX | XX | Closed | 2025-XX-11 09:30 | 2025-XX-23 09:20 | Resolved | 1 - Information | Credit | Missing Doc | HO6 Insurance Policy is Missing | Resolved-Policy received.
Finding resolved. - Due Diligence Vendor-10/XX/2025 Resolved-XX-6 Insurance Policy is fully present - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. master policy covers walls in and betterments. No Ho6 required. - Buyer-10/XX/2025 Open-Missing HO-6 Insurance Policy - Due Diligence Vendor-10/XX/2025 |
Resolved-Policy received.
Finding resolved. - Due Diligence Vendor-10/23/2025 Resolved-XX-6 Insurance Policy is fully present - Due Diligence Vendor-10/23/2025 |
XX | OR | Investment | Purchase | NA | XX | N/A | N/A | |||||
| 809 | XX | XX | Closed | 2025-XX-22 14:04 | 2025-XX-28 14:10 | Resolved | 1 - Information | Credit | Missing Doc | Missing Business Purpose Affidavit | Resolved-Business Purpose
Affidavit received. Finding resolved. - Due Diligence Vendor-10/XX/2025 Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-10/XX/2025 Ready for Review-Document Uploaded. Please see attached business purpose certificate. - Buyer-10/XX/2025 Open-The loan file is missing the Business Purpose Affidavit as required by Lender guidelines. - Due Diligence Vendor-10/XX/2025 |
Resolved-Business Purpose
Affidavit received. Finding resolved. - Due Diligence Vendor-10/28/2025 Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-10/28/2025 |
XX | MO | Investment | Refinance | Cash Out - Other | XX | N/A | N/A | |||||
| 814 | XX | XX | Closed | 2026-XX-16 15:12 | 2026-XX-16 15:16 | Resolved | 1 - Information | Property | Appraisal | The appraiser was not licensed (Primary Value) | Resolved-Primary Value
appraiser's license was effective prior to the Valuation Date and expired
after the Valuation Date Or Primary Valuation Is Not Selected Or Appraiser
License Dates Are Not Provided - Due Diligence Vendor-01/XX/2026 Open-Primary Value appraiser's license was not effective prior to the Valuation Date or expired prior to the Valuation Date - Due Diligence Vendor-01/XX/2026 |
Resolved-Primary Value
appraiser's license was effective prior to the Valuation Date and expired
after the Valuation Date Or Primary Valuation Is Not Selected Or Appraiser
License Dates Are Not Provided - Due Diligence Vendor-01/16/2026 |
CA | Investment | Purchase | NA | XX | N/A | N/A | ||||||
| 821 | XX | XX | Closed | 2025-XX-04 09:06 | 2025-XX-09 13:50 | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Audited Loan Amount of $xx is less than the Guideline Minimum Loan Amount of $100000 Lender provided approved exception dated prior to consummation. No compensating factors were listed. - Due Diligence Vendor-11/XX/2025 | Waived-Audited Loan Amount
of $XX is less than the Guideline Minimum Loan Amount of $100000 Lender
provided approved exception dated prior to consummation. No compensating
factors were listed. - Due Diligence Vendor-11/04/2025 |
7.5 yrs on current job 802 credit score exceeds guideline minimum 720 0x30 mtg history reporting on credit for 30 mths |
IN | Investment | Purchase | NA | XX | Investor Post-Close | No | |||||
| 824 | XX | XX | Closed | 2025-XX-23 12:47 | 2025-XX-30 13:49 | Waived | 2 - Non-Material | Credit | Eligibility | Transaction Ineligible | Waived-Borrower is a non-perm resident alien which is not allowed by policy for investment property. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-10/XX/2025 | Waived-Borrower is a
non-perm resident alien which is not allowed by policy for investment
property. Lender provided approved exception dated prior to consummation and
all lender compensating factors have been documented and validated. - Due
Diligence Vendor-10/23/2025 |
FICO: 734 Maximum DTI: 1.0 DSCR Maximum LTV: 80 Minimum Reserves: $100,000 |
IN | Investment | Purchase | NA | XX | Originator Pre-Close | Yes |