EX-99.14 15 ex99-14.htm INFINITY LOAN LEVEL EXCEPTION REPORT
 

Angel Oak Mortgage Trust 2024-4 ABS-15G

 

Exhibit 99.14

 

 

 

 

Infinity Loan ID Loan Number Loan Number 2 Borrower Name State QM/ATR Status Initial Overall Loan Grade Final Overall Grade Final Credit Grade Final Property Grade Final Compliance Grade Material (level 3) TRID exception? Material (level 3) Non-TRID exception? Active Material Exceptions Active Non Material Exceptions Satisfied Exceptions Waived Exceptions Compensating Factors Property Type Note Date LTV CLTV Occupancy Purpose Credit Score Brwr 1 Yrs in Property Brwr 1 Occupation Brwr 1 Yrs on Job Total Monthly Income Mortgage History Cash Out Amount DTI FTHB Flag Loan Doc Type Loan Status Review Date
XXX 2024040663   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX     No Documentation QC Complete XXX
XXX 2024040664   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No       #NAME?   XXX XXX XXX XXX XXX XXX XXX   XXX XXX   Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		       No Documentation QC Complete XXX
XXX 2024040665   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX   Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		     Yes No Documentation QC Complete XXX
XXX 2024040666   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX   Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX     No Documentation QC Complete XXX
XXX 2024040670   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		       No Documentation QC Complete XXX
XXX 2024040667   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX   Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		       No Documentation QC Complete XXX
XXX 2024040671   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX   Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		       No Documentation QC Complete XXX
XXX 2024040669   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX   Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX     No Documentation QC Complete XXX
XXX 2024040668   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX   Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX     No Documentation QC Complete XXX
XXX 2024040672   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX   Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		     No No Documentation QC Complete XXX
XXX 2024040673   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX   Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		       No Documentation QC Complete XXX
XXX 2024040674   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX   Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		       No Documentation QC Complete XXX
XXX 2024040017   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		     No Alternative QC Complete XXX
XXX 2024040016   XXX XXX Non-QM/Compliant 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		   XXX   Alternative QC Complete XXX
XXX 2024040015   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX     Alternative QC Complete XXX
XXX 2024040018   XXX XXX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Borrower's Fico of XXX  does not meet guideline of minimum Fico requirement of 660 for Cashout transaction.

A copy of an exception approval letter is available in the loan file.		 Credit History: XXX

Reserves: The XXX  months of available reserves are more than the guideline requirement of 6 months.		 XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX     Alternative QC Complete XXX
XXX 2024040561   XXX XXX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Missing borrower identity document. Require one of the below identity document for XXX  borrower.

• XXX
• XXX
• XXX
• XXX
• XXX

XXX - Received XXX  certificate/card for both borrower.

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   12 CFR § 1026.35(a)(1) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z

Higher-Priced Mortgage Loan Test: Charged XXX  Allowed XXX   Over by XXX

This loan is compliant with regulation 1026.35.		     XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		   XXX   Full Documentation QC Complete XXX
XXX 2024040538   XXX XXX Non-QM/Compliant 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		   XXX No Full Documentation QC Complete XXX
XXX 2024040541   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		       Alternative QC Complete XXX
XXX 2024040537   XXX XXX Non-QM/Compliant 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		   XXX No Alternative QC Complete XXX
XXX 2024040543   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX     Alternative QC Complete XXX
XXX 2024040544   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		     No Alternative QC Complete XXX
XXX 2024040545   XXX XXX Not Covered/Exempt 4 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Loan file does not meet guide requirement. Guide restricts minimum gross living area at 1000 sq ft. Subject gross living area is at XXX  sq ft.

A copy of an exception approval letter has been received.		 Reserves: The XXX  months of available reserves are more than the guideline requirement of 6 months.

Credit History: XXX

Comparable sales bracket the XXX of the subject property.		 XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX     Alternative QC Complete XXX
XXX 2024040546   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX     Alternative QC Complete XXX
XXX 2024040539   XXX XXX Non-QM/Compliant 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX XXX   Alternative QC Complete XXX
XXX 2024040542   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		     No Alternative QC Complete XXX
XXX 2024040547   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		     Yes Alternative QC Complete XXX
XXX 2024040540   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		     No Alternative QC Complete XXX
XXX 2024040548   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX     Alternative QC Complete XXX
XXX 2024040549   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX         Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		       Alternative QC Complete XXX
XXX 2024040574   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		   XXX   Full Documentation QC Complete XXX
XXX 2024040575   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		   XXX   Full Documentation QC Complete XXX
XXX 2024040576   XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		   XXX   Full Documentation QC Complete XXX
XXX 2024040562 XXX XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX   XXX XXX XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		 XXX XXX   Full Documentation QC Complete XXX
XXX 2024040564 XXX XXX XXX Not Covered/Exempt 3 2 2 1 1 No No     *** (CURED) Automated Appraisal Review Missing - EV R
COMMENT:   CU/LCA score missing in the loan file. Require additional valuation to support original stated value.

Resolved: A copy of AVM is received.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   PITIA document is missing for property located at XXX

XXX  - Received final HUD and first payment letter for property located at XXX and included in DTI calculation.		 *** (WAIVED) Reverification within XXX  days is missing - EV W
COMMENT:   Reverification of employment missing for both borrowers within XXX  business days of consummation. Reverification of employment available in the loan file is dated XXX  and consummation date is XXX.

XXX  - Reverification of employment available in the loan file is dated XXX  and consummation date is XXX  Exception unresolved.

XXX  - A copy of an exception approval letter has been received.		 FICO: XXX  exceeds the minimum requirement of FICO of XXX.

DTI: XXX  DTI is less than the maximum guideline requirement of 50.00%.

Residual Income: XXX monthly		 XXX XXX XXX XXX XXX XXX XXX   XXX XXX XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		   XXX No Full Documentation QC Complete XXX
XXX 2024040563 XXX XXX XXX Not Covered/Exempt 1 1 1 1 1 No No           XXX XXX XXX XXX XXX XXX XXX       XXX Mos Reviewed: XXX
Times XXX
Times XXX
Times XXX
Currently Delinquent? : XXX
Total Delinquent:
Mortgage/Rent Dlq Last XXX Mos: XXX
Max Days Dlq Last XXX  Mos: XXX
Verification Type:Credit Report		   XXX   Full Documentation QC Complete XXX