EX-99.2 13 ea025949101_ex99-2sch5.htm SCHEDULE 5 - INDIVIDUAL EXCEPTION REPORT

Exhibit 99.2 Schedule 5

 

ASF Loan Number Infinity Loan ID Loan Number Loan Number 2 Borrower Last Name Property State Note Date Loan Purpose TPR QM ATR Status Initial Overall Loan Grade Final Overall Loan Grade Exception Category Exception Subcategory Exception Code Final Exception Status Initial Exception Grade Final Exception Grade Exception Exception Detail Follow-up Comments (Exception Response) Exception Conclusion Comments Compensating Factors Curable Status Loan Status Review Date Cleared Date Cured Date Exception Date
214329393 XX XX   XX XX 12/XX/2024 Purchase Non-QM/Compliant 4 2 Credit Credit QWMXJGGGZDK-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide bank statements of the 1st bank business account in the amount of $XX & XX in the amount of $11,000.00, as it is missing in the file. Transaction is a purchase residence. Reserves required per guidelines is $11,660.57. Total reserves verified the amount of $894.66. Provide satisfactory evidence of reserves covering $11,660.57.

03/XX/2025: Resolved: Received email explanation and bank statement in file, resolves the condition.		 03/07/2025: Resolved: Received email explanation and bank statement in file, resolves the condition. 03/07/2025: Resolved: Received email explanation and bank statement in file, resolves the condition.     QC Complete 05/01/2025 05/01/2025 05/01/2025 02/18/2025
214329393 XX XX   XX XX 12/XX/2024 Purchase Non-QM/Compliant 4 2 Credit Other Disclosures QWMXJGGGZDK-ZXHR0C1D Cured 3 C * Missing Required Disclosures (Lvl C) Appraisal reflects property in flood zone area (Zone AE) which does not matches with flood zone of x500 on flood cert. The flood cert does note a LOMC from 12/XX/2021, however, the flood map in the file dated 12/XX/2024 indicates the property is located in zone AE. Require flood insurance which is not present in the file.

Not Resolved 3/XX/2025.  Received an updated appraisal indicating property is not in a flood zone but also received an updated flood certification indicating it is in a flood zone.

Not Resolved 05/XX/2025: Received updated flood certification indicating it is in a flood zone, require updated appraisal indicating the property in food zone.

Cured 05/XX/2025: Received evidence of the flood insurance post-closing.		 Cured 05/21/2025: Received evidence of the flood insurance post-closing. Cured 05/21/2025: Received evidence of the flood insurance post-closing.     QC Complete 05/01/2025 05/21/2025 05/21/2025 05/01/2025
214329393 XX XX   XX XX 12/XX/2024 Purchase Non-QM/Compliant 4 2 Compliance Compliance QWMXJGGGZDK-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.240% Allowed 8.130% Overby +0.110%

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 05/01/2025 05/01/2025 05/01/2025 02/18/2025
214650988 XX XX   XX XX 03/XX/2025 Refinance Non-QM/Compliant 3 1 Credit Doc Issue IAH43KI1SMZ-1ORHP9P2 Resolved 3 R * Mortgage Riders incomplete / inaccurate (Lvl R) Missing PUD Rider.   Resolved 06/XX/2025 - Received PUD Rider, condition resolved. Resolved 06/25/2025 - Received PUD Rider, condition resolved. Resolved 06/25/2025 - Received PUD Rider, condition resolved.     QC Complete 05/01/2025 09/16/2025 09/16/2025 04/30/2025
214671398 XX XX   XX XX 05/XX/2025 Refinance Not Covered/Exempt 2 2 Credit Guidelines HTD1QI1VI4B-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Required FICO for r/t refinance on investment is 720 borrower has 701.

A copy of an exception approval letter is available in the loan file.		     DTI: 25.52% DTI is less than the maximum guideline requirement of 50.00%.

Residual Income : $31,928.68 monthly.		   QC Complete 06/19/2025     06/18/2025
214673881 XX XX   XX XX 05/XX/2025 Refinance Not Covered/Exempt 2 2 Credit Guidelines VP0LCSVIWKJ-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Most recent 12 months bank statements show 7 NSF, which exceeds maximum of 6.

A copy of an exception approval letter is available in the loan file.		     FICO: 712 FICO exceeds the guideline requirement of 660.

Residual Income : $304,922.74 monthly.

DTI: 6.32% DTI is less than the maximum guideline requirement of 50.00%.		   QC Complete 06/19/2025     06/18/2025
214796070 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Doc Issue DMYAPM0QYSG-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) The amount of title insurance of $XX on the Title Commitment is less than the loan amount $XX.



Resolved 07/XX/2025 - Received title endorsement for $xx, condition resolved.		 Resolved 07/21/2025 - Received title endorsement for $XX0, condition resolved. Resolved 07/21/2025 - Received title endorsement for $XX, condition resolved.     QC Complete 07/08/2025 07/21/2025 07/21/2025 07/08/2025
214801854 XX XX   XX XX 04/XX/2025 Cash Out Not Covered/Exempt 3 1 Credit Income 5U1OWZGHXZB-L3KXO96W Resolved 3 R * Reverification within 10 days is missing (Lvl R) Provide verbal VOE for borrower (XX) from (XX) dated within 10 business days of closing. Available verbal VOE not within 10 business days of closing.


Resolved on 06/XX/2025 : Received Verification of employment document , condition resolved.		 Resolved on 06/16/2025 : Received Verification of employment document , condition resolved. Resolved on 06/16/2025 : Received Verification of employment document , condition resolved.     QC Complete 05/23/2025 06/16/2025 06/16/2025 05/23/2025
214836843 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit UZ3TEIABCZU-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide Guaranty agreement, as it is missing.

06/XX/2025 Resolved: Resolved as a guaranty is not required when the borrower signed the promissory note as an individual.		 06/23/2025 Resolved: Resolved as a guaranty is not required when the borrower signed the promissory note as an individual. 06/23/2025 Resolved: Resolved as a guaranty is not required when the borrower signed the promissory note as an individual.     QC Complete 06/09/2025 06/23/2025 06/23/2025 06/07/2025
214836843 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit   UZ3TEIABCZU-QSFFZZOT Resolved 3 R * Hazard Insurance Coverage less than Loan Amount (Lvl R) Dwelling amount $XX is not sufficient to cover loan amount $XX, provide a copy of replacement cost estimator is being covered by the dwelling.

Resolved 06/XX/2025 - Received RCE document covered with 100% replacement cost on dwelling, condition resolved.		 Resolved 06/26/2025 - Received RCE document, condition resolved. Resolved 06/26/2025 - Received RCE document, condition resolved.     QC Complete 06/09/2025 06/26/2025 06/26/2025 06/03/2025
214854127 XX XX   XX XX 04/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Credit BZQPNYFPJPP-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of condo questionnaire, as it is missing.


Resolved 07/XX/2025 - Received condo questionnaire, condition resolved.		 Resolved 07/02/2025 - Received condo questionnaire, condition resolved. Resolved 07/02/2025 - Received condo questionnaire, condition resolved.     QC Complete 06/24/2025 07/02/2025 07/02/2025 05/27/2025
214857039 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Credit V3OQHNIB4GG-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Missing real estate appraisers error and omissions insurance policy.

Resolved: Condition has been resolved as E&O policy is not required.		 Resolved: Condition has been resolved as E&O policy is not required. Resolved: Condition has been resolved as E&O policy is not required.     QC Complete 06/13/2025 08/13/2025 08/13/2025 06/11/2025
215017468 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit COBNO2MQZ0S-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a proof of document for Primary residence address XX


Resolved 06/XX/2025 - Received document proofs for primary residence property, condition resolved.		 Resolved 06/18/2025 - Received document proofs for primary residence property, condition resolved. Resolved 06/18/2025 - Received document proofs for primary residence property, condition resolved.     QC Complete 06/09/2025 06/18/2025 06/18/2025 06/05/2025
215028101 XX XX   XX XX 05/XX/2025 Refinance Non-QM/Compliant 4 1 Credit Guidelines KZNBJUFAR31-J587LE2V Resolved 4 R * Loan does not conform to program guidelines (Lvl R) Rate term refinance loan does not meet the guidelines for Payoff of draws taken in the past 12 months on a HELOC are counted in the cash in the maximum cash in hand amount.


Resolved 06/XX/2025 - Received documentation proofs for the rate and term refinance loan payoff in 12 months, condition resolved.		 Resolved 06/18/2025 - Received documentation proofs for the rate and term refinance loan payoff in 12 months, condition resolved. Resolved 06/18/2025 - Received documentation proofs for the rate and term refinance loan payoff in 12 months, condition resolved.     QC Complete 06/24/2025 06/24/2025 06/24/2025 06/09/2025
215049966 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit MEUICKHZ2CA-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) A CPA-prepared letter is required to verify the borrower's percentage of ownership in the business entity and expense ratio.


Resolved 06/XX/2025 -  Received CPA letter, condition resolved.		 Resolved 06/30/2025 -  Received CPA letter, condition resolved. Resolved 06/30/2025 -  Received CPA letter, condition resolved.     QC Complete 06/12/2025 06/30/2025 06/30/2025 06/12/2025
215072893 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Assets ATAZNSKA5GY-8REF7GRZ Resolved 3 R * Assets Verification (Lvl R) Missing bank statements for the stated asset on application of borrower (XX

06/XX/2025 Resolved: The condition has been resolved as the reserve requirement has been fulfilled and the statements are not required.		 06/18/2025 Resolved: The condition has been resolved as the reserve requirement has been fulfilled and the statements are not required.  06/18/2025 Resolved: The condition has been resolved as the reserve requirement has been fulfilled and the statements are not required.      QC Complete 06/05/2025 06/18/2025 06/18/2025 06/04/2025
215073941 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance TCMBKMFKP5A-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 9.962% Allowed 9.160% Overby +0.802%

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 06/09/2025 06/09/2025 06/09/2025 06/07/2025
215073941 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 4 1 Credit Doc Issue TCMBKMFKP5A-0CTXAKVO Resolved 3 R * VOM or VOR missing/required (Lvl R) Provide a copy of the rent verification for XX, as it is missing.

06/XX/2025 Resolved : The copy of credit supplemental resolves the condition.		 06/18/2025 Resolved : The copy of credit supplemental resolves the condition. 06/18/2025 Resolved : The copy of credit supplemental resolves the condition.     QC Complete 06/09/2025 06/18/2025 06/18/2025 06/08/2025
215077744 XX XX   XX XX 05/XX/2025 Refinance Not Covered/Exempt 3 1 Credit Other Disclosures PIKXMKYHF23-ZXHR0C1D Resolved 3 R * Missing Required Disclosures (Lvl R) Provide a copy of appraisal E&O policy as it is missing.


Resolved : Resolved as appraisal E&O is not required.		 Resolved : Resolved as appraisal E&O is not required. Resolved : Resolved as appraisal E&O is not required.     QC Complete 06/20/2025 08/13/2025 08/13/2025 06/20/2025
215083908 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance UMLX5JXNX1S-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 9.289% Allowed 8.240% Overby +1.049%

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 06/09/2025 06/09/2025 06/09/2025 06/07/2025
215083908 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 4 1 Credit Income UMLX5JXNX1S-L3KXO96W Resolved 3 R * Reverification within 10 days is missing (Lvl R) Provide a copy of verification of employment for borrower AXX as it is missing.


Resolved 07/XX/2025 - Received VVOE, condition resolved.		 Resolved 07/15/2025 - Received VVOE, condition resolved. Resolved 07/15/2025 - Received VVOE, condition resolved.     QC Complete 06/09/2025 07/15/2025 07/15/2025 06/05/2025
215083908 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance UMLX5JXNX1S-7NVY4BLQ Resolved 4 R * State Higher Price Mortgage Loan (Lvl R) (MA 209 CMR 32.35) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the Code of Massachusetts Regulations.

MA 209 CMR 32.35 Higher-Priced Mortgage Loan Test: Charged 9.289% Allowed 8.240% Overby +1.049%

This loan is compliant with regulation (MA 209 CMR 32.35)		 This loan is compliant with regulation (MA 209 CMR 32.35) This loan is compliant with regulation (MA 209 CMR 32.35)     QC Complete 06/09/2025 06/09/2025 06/09/2025 06/07/2025
215116971 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Income 3WAI3J2E3PW-L3KXO96W Resolved 3 R * Reverification within 10 days is missing (Lvl R) Provide a copy of Verification of Employment(VVOE) with 30 days of closing date.


07/XX/2025 Resolved: Resolved as re-verification is for a W2 job and not self-employed individuals.		 07/08/2025 Resolved: Resolved as re-verification is for a W2 job and not self-employed individuals.  07/08/2025 Resolved: Resolved as re-verification is for a W2 job and not self-employed individuals.      QC Complete 09/15/2025 09/15/2025 09/15/2025 06/19/2025
215120288 XX XX   XX XX 05/XX/2025 Cash Out Not Covered/Exempt 3 1 Credit Credit UYXJH2XDSZ5-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a copy of proof document of Mortgage statement, taxes and insurance for address XX


Resolved 06/XX/2025 - Received mortgage statement, condition resolved.		 Resolved 06/30/2025 - Received mortgage statement, condition resolved. Resolved 06/30/2025 - Received mortgage statement, condition resolved.     QC Complete 06/12/2025 06/30/2025 06/30/2025 06/12/2025
215124165 XX XX   XX XX 06/XX/2025 Cash Out Non-QM/Compliant 4 1 Credit Credit 1GDWRJDVCZZ-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Verbal verification of employment is missing from the loan Package for employment @ XX


Resolved 07/XX/2025 - the copy of VVOE available in the loan file resolves the condition.		 Resolved 07/21/2025 - the copy of VVOE available in the loan file resolves the condition. Resolved 07/21/2025 - the copy of VVOE available in the loan file resolves the condition.     QC Complete 07/08/2025 07/21/2025 07/21/2025 07/08/2025
215124165 XX XX   XX XX 06/XX/2025 Cash Out Non-QM/Compliant 4 1 Compliance Compliance 1GDWRJDVCZZ-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.603% Allowed 8.430% Overby +0.173%.

This loan is compliant with regulation 1026.35		 This loan is compliant with regulation 1026.35 This loan is compliant with regulation 1026.35     QC Complete 07/08/2025 07/08/2025 07/08/2025 07/08/2025
215124785 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit Report & History KCC1L1FP2BY-DP22SL1L Resolved 3 R * Letter of explanation for addresses reported in the credit report (Lvl R) LOE required for address reflected on credit report - clarify borrower’s association with property.
XX


Resolved 08/XX/2025 - Received client response as the borrower has been at current address for 24 years and no LOX required, condition resolved.		 Resolved 08/01/2025 - Received client response as the borrower has been at current address for 24 years and no LOX required, condition resolved. Resolved 08/01/2025 - Received client response as the borrower has been at current address for 24 years and no LOX required, condition resolved.     QC Complete 09/15/2025 09/15/2025 09/15/2025 06/13/2025
215149022 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Doc Issue OBGORE0QFQP-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) The proposed insured amount is not reflected on the title report. Provide a title supplement or updated title report indicating the correct insured amount to satisfy title insurance requirements.


Resolved 07/XX/2025 - Received final title policy, condition resolved.		 Resolved 07/7/2025 - Received final title policy, condition resolved. Resolved 07/7/2025 - Received final title policy, condition resolved.     QC Complete 06/20/2025 07/07/2025 07/07/2025 06/18/2025
215150491 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 2 2 Credit Guidelines XJNYVLCKFWN-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) FTHB -  **Borrower does not meet the guidelines for First Time Home buyer** Rule/Guidelines require the Borrower to have had a 12 month consistent housing payment history within the past 3 years.

A copy of an exception approval letter is available in the loan file.		     FICO: 791 FICO exceeds the guideline requirement of 700.

Residual Income : $5,748.63 monthly

DTI: 34.30% DTI is less than the maximum guideline requirement of 50.00%.
   QC Complete 07/03/2025     07/02/2025
215177502 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Doc Issue DZTKYGRV5EM-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide updated supplemental report with amount of title insurance covering the loan amount $XX


Resolved 07/XX/2025 - Received final title policy, condition resolved.		 Resolved 07/14/2025 - Received final title policy, condition resolved. Resolved 07/14/2025 - Received final title policy, condition resolved.     QC Complete 07/07/2025 07/14/2025 07/14/2025 07/03/2025
215180902 XX XX   XX XX 05/XX/2025 Refinance Non-QM/Compliant 3 1 Credit Credit 2WCK4KHXNLH-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Missing Appraiser'S Errors And Omissions Policy

Resolved : Condition has been resolved as the E&O policy is not required.		 Resolved : Condition has been resolved as the E&O policy is not required. Resolved : Condition has been resolved as the E&O policy is not required.     QC Complete 06/13/2025 08/13/2025 08/13/2025 06/12/2025
215189242 XX XX   XX XX 06/XX/2025 Cash Out Not Covered/Exempt 3 2 Credit Credit XLN0TVODOSH-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide the settlement statement for the property located at XXas proof of sale.

Resolved 08/XX/2025 - Received proof for the sold properties, condition resolved.		 Resolved 08/04/2025 - Received proof for the sold properties, condition resolved. Resolved 08/04/2025 - Received proof for the sold properties, condition resolved.     QC Complete 09/15/2025 09/15/2025 09/15/2025 07/22/2025
215189242 XX XX   XX XX 06/XX/2025 Cash Out Not Covered/Exempt 3 2 Credit Guidelines XLN0TVODOSH-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) More than $500,000 cash-out between two files in process. Other loan is #XX.

A copy of an exception approval letter is available in the loan file.		     FICO: 743 FICO exceeds the guideline requirement of 720.

DTI: 1.62% DTI is less than the maximum guideline requirement of 50.00%.

Residual Income: $1,748,010.08 monthly.		   QC Complete 09/15/2025     07/21/2025
215224593 XX XX   XX XX 06/XX/2025 Cash Out Non-QM/Compliant 4 1 Compliance Compliance 4KCIVBAECJN-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.668% Allowed 8.420% Overby +0.248%.

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35.
 This loan is compliant with regulation 1026.35.
     QC Complete 07/08/2025 07/08/2025 07/08/2025 07/07/2025
215249582 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Credit DCGY1WE4V14-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide business bank statements of XX for the month ending 11/XX/2024 as it is missing.


Resolved 07/XX/2025 - Received bank statement for Nov - month, condition resolved.		 Resolved 07/17/2025 - Received bank statement for Nov - month, condition resolved. Resolved 07/17/2025 - Received bank statement for Nov - month, condition resolved.     QC Complete 07/07/2025 07/17/2025 07/17/2025 07/07/2025
215333857 XX XX   XX XX 06/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Doc Issue XW4Y1IRUMIU-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide updated supplemental report with amount of title insurance covering the loan amount $XX.


Resolved 08/XX/2025 - Received title final policy, condition resolved.		 Resolved 08/11/2025 - Received title final policy, condition resolved. Resolved 08/11/2025 - Received title final policy, condition resolved.     QC Complete 08/04/2025 08/11/2025 08/11/2025 08/04/2025
9709778097 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Title Policy MXFRCPNF5UK-INMPEQ44 Resolved 3 R * Closing Protection Letter Missing (Lvl R) Missing ATIMA from lender loss payee info on CPL.


Resolved 06/XX/2025 - Received CPL, condition resolved.		 Resolved 06/25/2025 - Received CPL, condition resolved. Resolved 06/25/2025 - Received CPL, condition resolved.     QC Complete 06/24/2025 06/25/2025 06/25/2025 06/11/2025
9711253097 XX XX   XX XX 06/XX/2025 Cash Out Non-QM/Compliant 3 2 Credit Doc Issue UXMFE4PJUUR-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide updated supplemental report with amount of title insurance covering the loan amount $XX


Resolved 07/XX/2025 - Received title supplement report, condition resolved.		 Resolved 07/07/2025 - Received title supplement report, condition resolved. Resolved 07/07/2025 - Received title supplement report, condition resolved.     QC Complete 07/02/2025 07/07/2025 07/07/2025 07/01/2025
9711253097 XX XX   XX XX 06/XX/2025 Cash Out Non-QM/Compliant 3 2 Credit Guidelines UXMFE4PJUUR-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Loan amount of $xx does not meet the guideline requirement of maximum loan amount of $2M with credit score of 720.

A copy of an exception approval letter is available in the loan file.		     LTV: 52.38% LTV is less than the guideline requirement of 80.00%.

DTI: 30.76% DTI is less than the maximum guideline requirement of 50.00%.





   QC Complete 07/02/2025     07/01/2025
9712202002 XX XX   XX XX 05/XX/2025 Cash Out Not Covered/Exempt 3 2 Credit Credit EGDBKXNO1AU-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide real estate appraisers error and omissions insurance policy, as it is missing.


Resolved 06/XX/2025 - Received E&O Policy, condition resolved.		 Resolved 06/24/2025 - Received E&O Policy, condition resolved. Resolved 06/24/2025 - Received E&O Policy, condition resolved.     QC Complete 09/15/2025 09/15/2025 09/15/2025 06/12/2025
9712202002 XX XX   XX XX 05/XX/2025 Cash Out Not Covered/Exempt 3 2 Credit Doc Issue EGDBKXNO1AU-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of Title supplement as it is missing in the file.

Resolved 06/XX/2025 - Received title report with insured amount XX condition resolved.		 Resolved 06/18/2025 - Received title report with insured amount $XX condition resolved. Resolved 06/18/2025 - Received title report with insured amount $XX, condition resolved.     QC Complete 09/15/2025 09/15/2025 09/15/2025 06/11/2025
9712202002 XX XX   XX XX 05/XX/2025 Cash Out Not Covered/Exempt 3 2 Valuation Doc Issue EGDBKXNO1AU-WMO0OGAE Resolved 3 R * Appraisal incomplete (missing map, layout, pages, etc) (Lvl R) The loan file identifies the subject property as an investment refinance, but the appraisal report lists the occupancy status as 'Owner-Occupied.' Please provide an updated appraisal report with the correct occupancy status.


Resolved 07/XX/2025 - Received Updated appraisal report, condition resolved.		 Resolved 07/11/2025 - Received Updated appraisal report, condition resolved. Resolved 07/11/2025 - Received Updated appraisal report, condition resolved.     QC Complete 09/15/2025 09/15/2025 09/15/2025 06/12/2025
9712202002 XX XX   XX XX 05/XX/2025 Cash Out Not Covered/Exempt 3 2 Credit Guidelines EGDBKXNO1AU-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Guides do not allow cashout with current VISA type C10 for investment property

A copy of an exception approval letter is available in the loan file.		     FICO: 786 FICO exceeds the guideline requirement of 720.

DTI: 32.78% DTI is less than the maximum guideline requirement of 50.00%.

Reserves: The 47 months of available reserves are more than the guideline requirement of 6 months.
   QC Complete 09/15/2025     06/12/2025
9713718683 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance VKQC1U0CK3H-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 9.366% Allowed 8.430% Overby +0.936%

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 06/17/2025 06/17/2025 06/17/2025 06/16/2025
9714039550 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance ZZEN4I1PGJW-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 9.524% Allowed 8.250% Overby +1.274%.

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35.
 This loan is compliant with regulation 1026.35.
     QC Complete 08/13/2025 08/13/2025 08/13/2025 08/12/2025
9714242493 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 3 1 Valuation Valuation BZ52XULZAH3-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) Provide a copy of Secondary valuation, as it is missing.



Resolved 06/XX/2025 - Received CDA, condition resolved.		 Resolved 06/17/2025 - Received CDA, condition resolved. Resolved 06/17/2025 - Received CDA, condition resolved.     QC Complete 06/13/2025 06/17/2025 06/17/2025 06/11/2025
9714242493 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Other Disclosures BZ52XULZAH3-ZXHR0C1D Resolved 3 R * Missing Required Disclosures (Lvl R) Missing real estate appraisers error and omissions insurance policy.


Resolved 06/XX/2025 - Received E&O Policy, condition resolved.		 Resolved 06/17/2025 - Received E&O Policy, condition resolved. Resolved 06/17/2025 - Received E&O Policy, condition resolved.     QC Complete 06/13/2025 06/17/2025 06/17/2025 06/11/2025
9715862711 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 2 Credit Guidelines VLXVVJ3NJXU-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Exception that permits business funds to be spent 100% of time rather than 75% of the owners

A copy of an exception approval letter is available in the loan file.		     Reserves: The 13 months of available reserves are more than the guideline requirement of 6 months.

FICO: 728 FICO exceeds the guideline requirement of 720.

DTI: 22.01% DTI is less than the maximum guideline requirement of 50.00%.		   QC Complete 06/13/2025     06/11/2025
9715862711 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 2 Compliance Compliance VLXVVJ3NJXU-FSGBNA1Z Resolved 3 R * Missing Required Disclosures (Lvl R) Settlement Service Provider List is Missing.


Resolved 06/XX/2025: Received Settlement Service Provider List dated 4/XX/2025 and exception is cleared.		 Resolved 06/XX/2025: Received Settlement Service Provider List dated 4/XX/2025 and exception is cleared.  Resolved 06/XX/2025: Received Settlement Service Provider List dated 4/2XX2/2025 and exception is cleared.      QC Complete 06/13/2025 06/17/2025 06/17/2025 06/12/2025
9715862711 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 2 Credit Credit VLXVVJ3NJXU-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Missing real estate appraisers error and omissions insurance policy.


Resolved 06/XX/2025 - Received E&O Policy, condition resolved.		 Resolved 06/17/2025 - Received E&O Policy, condition resolved.
 Resolved 06/17/2025 - Received E&O Policy, condition resolved.
     QC Complete 06/13/2025 06/17/2025 06/17/2025 06/11/2025
9716665584 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 2 2 Credit Guidelines WEJLAZYXKJ5-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) The borrower is a first-time home buyer who has been rent-free for the previous eight years, so an exception is required.

A copy of an exception approval letter is available in the loan file.		     FICO: 755 FICO exceeds the guideline requirement of 700.

Reserves: The 23 months of available reserves are more than the guideline requirement of 6 months.

Residual Income: $8,331.13 monthly.

   QC Complete 09/15/2025     08/12/2025
9717164330 XX XX   XX XX 05/XX/2025 Refinance Not Covered/Exempt 3 1 Credit Doc Issue WQ11KMXVP3N-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide updated supplemental report with amount of title insurance covering the loan amount $XX.


Resolved 06/XX/2025 - Received title report with insured amount, condition resolved.		 Resolved 06/24/2025 - Received title report with insured amount, condition resolved. Resolved 06/24/2025 - Received title report with insured amount, condition resolved.     QC Complete 06/11/2025 06/24/2025 06/24/2025 06/10/2025
9717707062 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance SPW5RAT1054-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.647% Allowed 8.290% Overby +0.357%

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35.
 This loan is compliant with regulation 1026.35.
     QC Complete 08/13/2025 08/13/2025 08/13/2025 08/12/2025
9718064497 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit UVTBWIX34NZ-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide updated Flood insurance policy with lender loss payee for XX, subject transaction loans and borrower names.


Resolved 06/XX/2025 - Received LOX from borrower, condition resolved.		 Resolved 06/30/2025 - Received corrected flood insurance, condition resolved. Resolved 06/30/2025 - Received corrected flood insurance, condition resolved.     QC Complete 06/10/2025 06/30/2025 06/30/2025 06/10/2025
9718064497 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Doc Issue UVTBWIX34NZ-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide updated supplemental report with amount of title insurance covering the loan amount $XX.


Resolved 06/XX/2025 - Received title report with coverage amount, condition resolved.		 Resolved 06/12/2025 - Received title report with coverage amount, condition resolved. Resolved 06/12/2025 - Received title report with coverage amount, condition resolved.     QC Complete 06/10/2025 06/12/2025 06/12/2025 06/09/2025
9718064497 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Title Policy UVTBWIX34NZ-INMPEQ44 Resolved 3 R * Closing Protection Letter Missing (Lvl R) Provide CPL with ISAOA/ATIMA and updated lender loss payee address.


Resolved 06/XX/2025 - Received CPL with loss payee address, condition resolved.		 Resolved 06/23/2025 - Received CPL with loss payee address, condition resolved. Resolved 06/23/2025 - Received CPL with loss payee address, condition resolved.     QC Complete 06/10/2025 06/23/2025 06/23/2025 06/10/2025
9719648389 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance VMACY3KVE3M-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.339% Allowed 8.330% Overby +0.009%.

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 07/22/2025 07/22/2025 07/22/2025 07/22/2025
9720107383 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance AQ02F0GVWGO-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.539% Allowed 8.170% Overby +0.369%.

This loan is compliant with regulation 1026.35		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 07/30/2025 07/30/2025 07/30/2025 07/29/2025
9721864123 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Doc Issue 3MLM2K24HHS-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) The amount of title insurance of $XXon the Title Commitment is less than the loan amount $XX.


Resolved 06/XX/2025 - Received title report with insured amount $XX, condition resolved.		 Resolved 06/23/2025 - Received title report with insured amount $XX, condition resolved. Resolved 06/23/2025 - Received title report with insured amount $XX condition resolved.     QC Complete 06/04/2025 06/23/2025 06/23/2025 06/02/2025
9724951349 XX XX   XX XX 07/XX/2025 Cash Out Not Covered/Exempt 3 1 Valuation Value DDGTZAZUGY1-11KL34H8 Resolved 3 R * Quality of Appraisal Report Unacceptable (Lvl R) Provide an updated appraisal report reflecting the property type as PUD, as the Deed of Trust includes a PUD rider.


Resolved 08/XX/2025 - Received updated appraisal report, condition resolved.		 Resolved 08/04/2025 - Received updated appraisal report, condition resolved. Resolved 08/04/2025 - Received updated appraisal report, condition resolved.     QC Complete 07/30/2025 08/04/2025 08/04/2025 07/29/2025
9725471628 XX XX   XX XX 07/XX/2025 Refinance Non-QM/Compliant 2 2 Credit Guidelines LBW4USB2UYB-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) LTV of 82.88% exceeds the guideline requirement of max 80%.

A copy of an exception approval letter is available in the loan file.		     FICO: 715 FICO exceeds the guideline requirement of 700.

Residual Income : $30,911.84 monthly

DTI: 37.36% DTI is less than the maximum guideline requirement of 50.00%.
   QC Complete 07/30/2025     07/30/2025
9725773759 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance ZVK5N4FVI0M-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.315% Allowed 8.270% Overby +0.045%.

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 07/29/2025 07/29/2025 07/29/2025 07/29/2025
9725911615 XX XX   XX XX 06/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit 3CLEUJFCUMA-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a copy of Error & Omission insurance policy for the appraisal.


Resolved 06/XX/2025 - Received E&O Policy, condition resolved.		 Resolved 06/18/2025 - Received E&O Policy, condition resolved. Resolved 06/18/2025 - Received E&O Policy, condition resolved.     QC Complete 09/16/2025 09/16/2025 09/16/2025 06/16/2025
9726704001 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 3 1 Valuation Doc Issue 13WOHZGLT0Z-WMO0OGAE Resolved 3 R * Appraisal incomplete (missing map, layout, pages, etc) (Lvl R) Provide a copy of Error and Omission policy, as it is missing


Resolved 06/XX/2025 - Received E&O Policy, condition resolved.		 Resolved 06/18/2025 - Received E&O Policy, condition resolved. Resolved 06/18/2025 - Received E&O Policy, condition resolved.     QC Complete 06/12/2025 06/18/2025 06/18/2025 06/12/2025
9727271554 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 2 Credit Guidelines ST003O30YJU-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) FTHB requirement for 12 months of housing payments

A copy of an exception approval letter is available in the loan file.		     DTI: 10.43% DTI is less than the maximum guideline requirement of 43.00%.

Residual Income : $44,657.82 monthly.

FICO: 777 FICO exceeds the guideline requirement of 660.


   QC Complete 06/19/2025     06/17/2025
9727271554 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 2 Compliance Compliance ST003O30YJU-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 9.931% Allowed 8.300% Overby +1.631%.

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35.
 This loan is compliant with regulation 1026.35.
     QC Complete 06/19/2025 06/19/2025 06/19/2025 06/17/2025
9728552911 XX XX   XX XX 07/XX/2025 Cash Out Not Covered/Exempt 3 1 Credit Doc Issue ORJPQEFHJM3-0CTXAKVO Resolved 3 R * VOM or VOR missing/required (Lvl R) Missing VOR for property address XX with rent in the amount of $XX.


Resolved 07/XX/2025 - Received rent free LOX, condition resolved.		 Resolved 07/29/2025 - Received rent free LOX, condition resolved. Resolved 07/29/2025 - Received rent free LOX, condition resolved.     QC Complete 07/24/2025 07/29/2025 07/29/2025 07/24/2025
9733260294 XX XX   XX XX 06/XX/2025 Cash Out Non-QM/Compliant 2 2 Credit Credit 0FLWMFGARAR-53UNNI64 Waived 2 W * Excessive DTI (Lvl W) Requesting exception for DTI exceeding 50%, Borrower DTI is 52.932%.

A copy of an exception approval letter is available in the loan file.		     FICO: 753 FICO exceeds the guideline requirement of 700.

Reserves: The 7 months of available reserves are more than the guideline requirement of 3 months.		   QC Complete 09/15/2025     09/15/2025
9733972211 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Credit FJVAWLO2RXS-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Missing Power of Attorney from seller XX to authorize XX singing authority.

Resolved 06/XX/2025 - Received Certificate of Authority, condition resolved.		 Resolved 06/13/2025 - Received Certificate of Authority, condition resolved. Resolved 06/13/2025 - Received Certificate of Authority, condition resolved.     QC Complete 06/24/2025 06/24/2025 06/24/2025 06/03/2025
9735721830 XX XX   XX XX 06/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit CHEMYX3L0QT-UDN50XOG Resolved 3 R * Borrower Identity Missing (Lvl R) Provide a eligible copy of both borrowers identification proof.


Resolved 07/XX/2025 - Received GOV ID, condition resolved.		 Resolved 07/29/2025 - Received GOV ID, condition resolved. Resolved 07/29/2025 - Received GOV ID, condition resolved.     QC Complete 06/18/2025 07/29/2025 07/29/2025 06/18/2025
9735721830 XX XX   XX XX 06/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit CHEMYX3L0QT-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide real estate appraiser errors & omissions insurance policy , as it is missing.


Resolved 06/XX/2025 - Received E&O Policy, condition resolved.		 Resolved 06/24/2025 - Received E&O Policy, condition resolved. Resolved 06/24/2025 - Received E&O Policy, condition resolved.     QC Complete 06/18/2025 06/24/2025 06/24/2025 06/18/2025
9736189920 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 2 2 Credit Guidelines IWDOQSG0HA3-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) EAD class C31 per form I-797C dated 8/XX/24. Not an approved class per guide.

A copy of an exception approval letter is available in the loan file.		     DTI: 9.22% DTI is less than the maximum guideline requirement of 50.00%.

Residual Income : $56,103.75 monthly
   QC Complete 06/17/2025     06/16/2025
9747880715 XX XX   XX XX 06/XX/2025 Cash Out Not Covered/Exempt 3 1 Credit Other Disclosures KPL1JHF5BNF-ZXHR0C1D Resolved 3 R * Missing Required Disclosures (Lvl R) Provide a copy of mortgage statement of #XX


Resolved 06/XX/2025 - Received loan estimate reflecting mortgage P&I amount, condition resolved.		 Resolved 06/24/2025 - Received loan estimate reflecting mortgage P&I amount, condition resolved. Resolved 06/24/2025 - Received loan estimate reflecting mortgage P&I amount, condition resolved.     QC Complete 06/18/2025 06/24/2025 06/24/2025 06/18/2025
9749123676 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 2 2 Credit Guidelines QPLYOSSYSNB-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) "Requesting an exception to allow the subject property, which is a log home."  Exception approval available in the loan file.     727  exceeds the minimum guideline requirement of 700

216.58 months reserves exceed the minimum guideline of 3 months.

 DTI of 3.05% is less than the maximum guideline requirement of 50%.		   QC Complete 06/17/2025     06/16/2025
9749311313 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Credit KP1DU50M2FF-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a copy of proof document for Child Support.


Resolved 08/XX/2025 - Received divorce decree document, condition resolved.		 Resolved 08/04/2025 - Received divorce decree document, condition resolved. Resolved 08/04/2025 - Received divorce decree document, condition resolved.     QC Complete 07/31/2025 08/04/2025 08/04/2025 07/30/2025
9749311313 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Credit KP1DU50M2FF-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Submit proof of tax payment and insurance coverage for the investment property located at XX


Resolved 08/XX/2025 - Received tax bill and purchase contract and Insurance is not required as it is land property, condition resolved.		 Resolved 08/13/2025 - Received tax bill and purchase contract and Insurance is not required as it is land property, condition resolved. Resolved 08/13/2025 - Received tax bill and purchase contract and Insurance is not required as it is land property, condition resolved.     QC Complete 07/31/2025 08/13/2025 08/13/2025 07/30/2025
9749369956 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 1 Credit Credit JXHCAOSSWK5-6AFLOU1Y Resolved 3 R * Purchase Contract (Lvl R) Missing addendum for change in purchase price in the amount $XX.

Resolved 06/XX/2025 - Received purchase agreement, condition resolved.		 Resolved 06/27/2025 - Received purchase agreement, condition resolved. Resolved 06/27/2025 - Received purchase agreement, condition resolved.     QC Complete 09/16/2025 09/16/2025 09/16/2025 06/24/2025
9749369956 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance JXHCAOSSWK5-7NVY4BLQ Resolved 4 R * State Higher Price Mortgage Loan (Lvl R) CA AB 260, California Financial Code Division 1.9 4995(a)Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the California Financial Code.

CA AB 260 Higher-Priced Mortgage Loan Test: Charged 8.518% Allowed 8.300% Overby +0.218%

This loan is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a).		 This loan is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a). This loan is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a).     QC Complete 09/16/2025 09/16/2025 09/16/2025 06/23/2025
9749369956 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 1 Credit Credit JXHCAOSSWK5-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide wire transfer or bank statement to verify the gift amount of $40,000.00. as it is missing.

Resolved 06/XX/2025 - Received gift wire, condition resolved.		 Resolved 06/27/2025 - Received gift wire, condition resolved. Resolved 06/27/2025 - Received gift wire, condition resolved.     QC Complete 09/16/2025 09/16/2025 09/16/2025 06/23/2025
9749369956 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance JXHCAOSSWK5-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.518% Allowed 8.300% Overby +0.218%

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 09/16/2025 09/16/2025 09/16/2025 06/23/2025
9750242373 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance DKGVOYTGRDR-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 9.360% Allowed 8.380% Overby +0.980%.

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 07/03/2025 07/03/2025 07/03/2025 07/02/2025
9750242373 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance DKGVOYTGRDR-7NVY4BLQ Resolved 4 R * State Higher Price Mortgage Loan (Lvl R) (MA 209 CMR 32.35) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the Code of Massachusetts Regulations.

MA 209 CMR 32.35 Higher-Priced Mortgage Loan Test: Charged 9.360% Allowed 8.380% Overby +0.980%.

This loan is compliant with regulation (MA 209 CMR 32.35).		 This loan is compliant with regulation (MA 209 CMR 32.35). This loan is compliant with regulation (MA 209 CMR 32.35).     QC Complete 07/03/2025 07/03/2025 07/03/2025 07/02/2025
9750391212 XX XX   XX XX 06/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit U0K2ZZNERLD-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide real estate appraisers error and omissions insurance policy, as it is missing.


Resolved 06/XX/2025 - Received E&O Policy, condition resolved.		 Resolved 06/24/2025 - Received E&O Policy, condition resolved.
 Resolved 06/24/2025 - Received E&O Policy, condition resolved.
     QC Complete 06/18/2025 06/24/2025 06/24/2025 06/18/2025
9752717109 XX XX   XX XX 06/XX/2025 Cash Out Not Covered/Exempt 3 1 Credit Credit AIQXU4CUGSD-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Missing Lead-Based Paint Disclosure for property build on year 1878.

Resolved 07/XX/2025 - Received LOX as lead based document is not required for refinance loans, condition resolved.		 Resolved 07/10/2025 - Received LOX as lead based document is not required for refinance loans, condition resolved. Resolved 07/10/2025 - Received LOX as lead based document is not required for refinance loans, condition resolved.     QC Complete 09/15/2025 09/15/2025 09/15/2025 07/03/2025
9753373191 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 2 2 Credit Guidelines JODPMTG0MKE-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) To allow dispute to stay on credit and not be removed and new credit pulled.

A copy of an exception approval letter is available in the loan file.		     FICO: 760 FICO exceeds the guideline requirement of 700.

LTV: 80.00% LTV is less than the guideline requirement of 85.00%.

DTI: 40.82% DTI is less than the maximum guideline requirement of 50.00%.		   QC Complete 06/20/2025     06/20/2025
9753565770 XX XX   XX XX 06/XX/2025 Purchase Not Covered/Exempt 3 1 Valuation Doc Issue 4UMJDXKUZTL-WMO0OGAE Resolved 3 R * Appraisal incomplete (missing map, layout, pages, etc) (Lvl R) Provide real estate appraiser errors & omissions insurance policy , as it is missing.


Resolved 06/XX/2025 - Received E&O insurance policy, condition resolved.		 Resolved 06/25/2025 - Received E&O insurance policy, condition resolved. Resolved 06/25/2025 - Received E&O insurance policy, condition resolved.     QC Complete 06/20/2025 06/25/2025 06/25/2025 06/20/2025
9753733584 XX XX   XX XX 06/XX/2025 Cash Out Non-QM/Compliant 3 1 Valuation Doc Issue I3QTVCN5VWG-YXK20TJA Resolved 3 R * Subject or Comp Photos are missing or illegible (Lvl R) Provide updated copy of appraisal report with at least 3 comparable sales with each with its own clear, front-view photo.


Resolved 07/XX/2025 - Received updated appraisal report, condition resolved.		 Resolved 07/10/2025 - Received updated appraisal report, condition resolved. Resolved 07/10/2025 - Received updated appraisal report, condition resolved.     QC Complete 07/02/2025 07/10/2025 07/10/2025 07/01/2025
9754172212 XX XX   XX XX 07/XX/2025 Cash Out Non-QM/Compliant 3 2 Credit Guidelines STYTC20WRXY-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) NSF event of 22 exceed the guideline requirement of maximum six NSF event in the any 12-month period.

A copy of an exception approval letter is available in the loan file.		     LTV: 60.61% LTV is less than the guideline requirement of 75.00%.

Residual Income : $11,221.04 monthly.
   QC Complete 07/15/2025     07/15/2025
9754172212 XX XX   XX XX 07/XX/2025 Cash Out Non-QM/Compliant 3 2 Credit Doc Issue STYTC20WRXY-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) The amount of title insurance of $xx on the Title Commitment is less than the loan amount xx


Resolved 07/XX/2025 - Received title report with insured amount, condition resolved.		 Resolved 07/17/2025 - Received title report with insured amount, condition resolved. Resolved 07/17/2025 - Received title report with insured amount, condition resolved.     QC Complete 07/15/2025 07/17/2025 07/17/2025 07/15/2025
9755274272 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Credit RHYZFE11L2R-6AFLOU1Y Resolved 3 R * Purchase Contract (Lvl R) The purchase agreement expired on June 26, 2024; provide copy of updated purchase agreement or addendum.


Resolved 07/XX/2025 - Received LOX as contract addendum for closing date and this is not short sale, condition resolved.		 Resolved 07/10/2025 - Received LOX as contract addendum for closing date and this is not short sale, condition resolved. Resolved 07/10/2025 - Received LOX as contract addendum for closing date and this is not short sale, condition resolved.     QC Complete 06/24/2025 07/10/2025 07/10/2025 06/24/2025
9756023504 XX XX   XX XX 07/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Doc Issue OOLW1JFIG45-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide updated supplemental report with amount of title insurance covering the loan amount $xx.


Resolved 08/XX/2025 - Received Supplemental report, condition resolved.		 Resolved 08/06/2025 - Received Supplemental report, condition resolved. Resolved 08/06/2025 - Received Supplemental report, condition resolved.     QC Complete 08/01/2025 08/06/2025 08/06/2025 08/01/2025
9759639603 XX XX   XX XX 06/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit 5NDWTCFF2ZC-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Missing E&O insurance policy.

Resolved 06/XX/2025 - Received E&O Policy, condition resolved.		 Resolved 06/18/2025 - Received E&O Policy, condition resolved Resolved 06/18/2025 - Received E&O Policy, condition resolved     QC Complete 09/15/2025 09/15/2025 09/15/2025 06/12/2025
9759639603 XX XX   XX XX 06/XX/2025 Purchase Not Covered/Exempt 3 1 Valuation Doc Issue 5NDWTCFF2ZC-WMO0OGAE Resolved 3 R * Appraisal incomplete (missing map, layout, pages, etc) (Lvl R) Appraisal missing copy of appraisers error and omissions policy.

Resolved 06/XX/2025 - Received E&O Policy, condition resolved.		 Resolved 06/18/2025 - Received E&O Policy, condition resolved. Resolved 06/18/2025 - Received E&O Policy, condition resolved.     QC Complete 09/15/2025 09/15/2025 09/15/2025 06/12/2025
9761504894 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance SUSOMKAFSVR-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.566% Allowed 8.170% Overby +0.396%.

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 07/31/2025 07/31/2025 07/31/2025 07/30/2025
9762653500 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance XFFYC3M435G-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 9.427% Allowed 8.330% +Overby 1.097%

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 07/31/2025 07/31/2025 07/31/2025 07/30/2025
9762725936 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance XEEMZ3JZGUQ-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.521% Allowed 8.270% Overby +0.251%

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35.

 This loan is compliant with regulation 1026.35.

     QC Complete 08/01/2025 08/01/2025 08/01/2025 08/01/2025
9762875632 XX XX   XX XX 05/XX/2025 Refinance Non-QM/Compliant 3 1 Credit Credit SYYEZ23P331-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of bank statement for the month of Dec 2024 "XX".


Resolved 06/XX/2025 - Received Dec month bank statement, condition resolved.		 Resolved 06/18/2025 - Received Dec month bank statement, condition resolved. Resolved 06/18/2025 - Received Dec month bank statement, condition resolved.     QC Complete 06/13/2025 06/18/2025 06/18/2025 06/12/2025
9765057618 XX XX   XX XX 07/XX/2025 Cash Out Not Covered/Exempt 3 1 Credit Credit YRDDIJZU30U-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Final CD missing 2,3,4 pages of 5.

Resolved 07/XX/2025: Received Final CD missing 2,3,4 pages of 5 dated 7/XX/2025 and exception is cleared.		 Resolved 07/22/2025: Received Final CD missing 2,3,4 pages of 5 dated 7/XX/2025 and exception is cleared. Resolved 07/22/2025: Received Final CD missing 2,3,4 pages of 5 dated 7/XX2025 and exception is cleared.     QC Complete 09/15/2025 09/15/2025 09/15/2025 09/15/2025
9766842471 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Credit SHJESYPKWIN-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) The Title Commitment is incomplete due to missing Schedules B and C.


Resolved 06/XX/2025 - Received title commitment with schedule B and C, condition resolved.		 Resolved 06/25/2025 - Received title commitment with schedule B and C, condition resolved.
 Resolved 06/25/2025 - Received title commitment with schedule B and C, condition resolved.
     QC Complete 06/19/2025 06/25/2025 06/25/2025 06/18/2025
9767090781 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 2 2 Credit Guidelines 5QYRCI3CTU2-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) The borrower is using a bridge loan from their departing residence at XX, which is currently listed for sale.

A copy of an exception approval letter is available in the loan file.		     FICO: 803 FICO exceeds the guideline requirement of 700.

Residual Income : $28,510.93 monthly.
   QC Complete 07/09/2025     07/09/2025
9768061740 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 2 Credit Credit VPECBGIGZI1-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a copy of missing PUD Rider.


Resolved 07/XX/2025 - Received PUD Rider, condition resolved.		 Resolved 07/16/2025 - Received PUD Rider, condition resolved. Resolved 07/16/2025 - Received PUD Rider, condition resolved.     QC Complete 06/17/2025 07/16/2025 07/16/2025 06/16/2025
9768061740 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 2 Credit Doc Issue VPECBGIGZI1-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide updated supplemental report with amount of title insurance covering the loan amount XX.


Resolved 06/XX/2025 - Received final policy with insured amount $xx condition resolved.		 Resolved 06/19/2025 - Received final policy with insured amount $XX, condition resolved. Resolved 06/19/2025 - Received final policy with insured amount $XX condition resolved.     QC Complete 06/17/2025 06/19/2025 06/19/2025 06/17/2025
9768061740 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 2 Credit Guidelines VPECBGIGZI1-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) The borrower's 12-month history is comprised of a VOR from 10/XX/2024 to the current at XX reflecting 0x30 for 7 months. Before that, the borrower lived at XX at family home that he owned and recently sold on 4/XX/2025 for 30days. The remainder of the 12 months was documented with bank statements from 4/XX/2024 -9/XX/2024 showing payments of $1552.00 a copy of a month-to-month lease indicated the amount paid was not the full rental amount, and the borrower provided a letter of explanation stating that he at the time they were living with their ex-who was responsible for the other half of the rent and they no longer communication so he is unable to provide the proof the other half of the rent payments during that time.
Asking for an exception to accept rental history as documented.

A copy of an exception approval letter is available in the loan file.		     FICO: 717 FICO exceeds the guideline requirement of 660.

DTI: 26.94% DTI is less than the maximum guideline requirement of 50.00%.		   QC Complete 06/17/2025     06/16/2025
9769008401 XX XX   XX XX 06/XX/2025 Refinance Non-QM/Compliant 3 1 Valuation Appraisal CYSHYN5QKGC-67I469YV Resolved 3 R * Property is vacant (Lvl R) Appraisal reflecting occupant as vacant , it should be owner as the purpose of transaction is primary refinance. Provide an updated appraisal.


Resolved 06/XX/2025 - Received Updated appraisal report, condition resolved.		 Resolved 06/24/2025 - Received Updated appraisal report, condition resolved. Resolved 06/24/2025 - Received Updated appraisal report, condition resolved.     QC Complete 06/18/2025 06/24/2025 06/24/2025 06/18/2025
9769008401 XX XX   XX XX 06/XX/2025 Refinance Non-QM/Compliant 3 1 Credit Credit CYSHYN5QKGC-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a quit claim deed to transfer the ownership from "XX


Resolved 06/XX/2025 - Received Quit claim deed, condition resolved.		 Resolved 06/27/2025 - Received Quit claim deed, condition resolved. Resolved 06/27/2025 - Received Quit claim deed, condition resolved.     QC Complete 06/18/2025 06/27/2025 06/27/2025 06/18/2025
9769260945 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Credit Report & History V3QUKLT3DHR-EIIIVERL Resolved 3 R * Additional Address on Credit Report (Lvl R) Borrower staying rent, require 2 years of housing history, provide a copy of VOR of (XX)


Provide a letter of explanation for the additional address indicated in the credit report during the last 24 months.

Resolved 06/XX/2025: Resolved as the borrower has rented the current primary residence at xx from
xx through the present (over 12 months.) A VOR for the prior residence is not required.		 Resolved 06/13/2025: Resolved as the borrower has rented the current primary residence at XX from
8/2023 through the present (over 12 months.) A VOR for the prior residence is not required.		 Resolved 06/13/2025: Resolved as the borrower has rented the current primary residence atXX from
8/2023 through the present (over 12 months.) A VOR for the prior residence is not required.		     QC Complete 06/03/2025 06/13/2025 06/13/2025 06/03/2025
9769260945 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Other Disclosures V3QUKLT3DHR-ZXHR0C1D Resolved 3 R * Missing Required Disclosures (Lvl R) Provide a copy of 2 months recent bank statement  XX,as it is missing.


Resolved 06/XX/2025 - Received bank statement, condition resolved.		 Resolved 06/05/2025 - Received bank statement, condition resolved. Resolved 06/05/2025 - Received bank statement, condition resolved.     QC Complete 06/03/2025 06/05/2025 06/05/2025 06/03/2025
9770129188 XX XX   XX XX 07/XX/2025 Cash Out Not Covered/Exempt 2 2 Credit Guidelines B3WQFBVLAKA-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Non-Perm Resident with Class U2 Visa  
A copy of an exception approval letter is available in the loan file.		     FICO: 711 FICO exceeds the guideline requirement of 660.

DTI: 32.35% DTI is less than the maximum guideline requirement of 50.00%.

Reserves: The 107 months of available reserves are more than the guideline requirement of 5 months.

   QC Complete 09/15/2025     07/16/2025
9771710937 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Doc Issue WVJCY1Z2OKZ-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide updated supplemental report with amount of title insurance covering the loan amount $XX.


Resolved 06/XX/2025 - Received title report for insured amount, condition resolved.		 Resolved 06/13/2025 - Received title report for insured amount, condition resolved. Resolved 06/13/2025 - Received title report for insured amount, condition resolved.     QC Complete 06/09/2025 06/13/2025 06/13/2025 06/05/2025
9771856235 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Doc Issue IZIBXJFRJW1-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of title supplement report, title insured amount $XXnot covering the loan amount of $XX.

Resolved 07/XX/2025 - Received updated title with insured amount, condition resolved.		 Resolved 07/22/2025 - Received updated title with insured amount, condition resolved. Resolved 07/22/2025 - Received updated title with insured amount, condition resolved.     QC Complete 07/16/2025 09/15/2025 09/15/2025 07/15/2025
9773629010 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 2 2 Credit Guidelines OCGL5B51SVD-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 5% LTV exception for over $2M guideline is 75%, requesting 80% LTV.

A copy of an exception approval letter is available in the loan file.		     FICO: 761 FICO exceeds the guideline requirement of 740.

DTI: 46.55% DTI is less than the maximum guideline requirement of 50.00%.

Reserves: The 53 months of available reserves are more than the guideline requirement of 12 months.		   QC Complete 08/01/2025     08/01/2025
9774684642 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Doc Issue PQD1CCG15GR-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of title supplemental report to cover the loan amount $XX

Resolved on 06/XX/2025 : Received Title document , condition resolved.		 Resolved on 06/16/2025 : Received Title document , condition resolved. Resolved on 06/16/2025 : Received Title document , condition resolved.     QC Complete 06/10/2025 06/16/2025 06/16/2025 06/06/2025
9776109259 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance FP44J0GVFKC-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.686% Allowed 8.420% Overby +0.266%.

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35.
 This loan is compliant with regulation 1026.35.
     QC Complete 06/19/2025 06/19/2025 06/19/2025 06/18/2025
9777293037 XX XX   XX XX 07/XX/2025 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue WY3IOA1DRTH-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide updated supplemental report with amount of title insurance covering the loan amount $XX.


Resolved 08/XX/2025 - Received title supplement report, condition resolved.		 Resolved 08/07/2025 - Received title supplement report, condition resolved. Resolved 08/07/2025 - Received title supplement report, condition resolved.     QC Complete 08/04/2025 08/07/2025 08/07/2025 08/01/2025
9777756454 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Doc Issue WIYPL4CZKC5-DFWG7HN5 Resolved 3 R * Missing proof of hazard insurance (Lvl R) Hazard insurance reflecting incorrect subject address.Provide an updated hazard insurance.


Resolved 07/XX/2025 - Received corrected hazard insurance, condition resolved.		 Resolved 07/01/2025 - Received corrected hazard insurance, condition resolved. Resolved 07/01/2025 - Received corrected hazard insurance, condition resolved.     QC Complete 06/12/2025 07/01/2025 07/01/2025 06/12/2025
9777756454 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 3 1 Credit Credit WIYPL4CZKC5-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Proof of EMD missing in the file.


Resolved 06/XX/2025 - Received client response as The borrower had sufficient assets to cover the funds to close and reserves without verifying the EMD, condition resolved.		 Received client response as The borrower had sufficient assets to cover the funds to close and reserves without verifying the EMD, condition resolved. Received client response as The borrower had sufficient assets to cover the funds to close and reserves without verifying the EMD, condition resolved.     QC Complete 06/12/2025 06/18/2025 06/18/2025 06/12/2025
9782158159 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance SGDRX5YL3BF-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 9.891% Allowed 8.250% +Overby 1.641%

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35.
 This loan is compliant with regulation 1026.35.
     QC Complete 08/01/2025 08/01/2025 08/01/2025 08/01/2025
9782158159 XX XX   XX XX 07/XX/2025 Purchase Non-QM/Compliant 4 1 Credit Doc Issue SGDRX5YL3BF-0CTXAKVO Resolved 3 R * VOM or VOR missing/required (Lvl R) Please provide a Verification of Rent (VOR) for the borrower's current residence located at XX, where the monthly rent is $1,500.


Resolved 08/XX/2025 - Received credit supplemental report with 12 months rental history, condition resolved.		 Resolved 08/06/2025 - Received credit supplemental report with 12 months rental history, condition resolved. Resolved 08/06/2025 - Received credit supplemental report with 12 months rental history, condition resolved.     QC Complete 08/01/2025 08/06/2025 08/06/2025 08/01/2025
9783075964 XX XX   XX XX 07/XX/2025 Cash Out Not Covered/Exempt 3 1 Credit Credit MBZZUZIYT50-UDN50XOG Resolved 3 R * Borrower Identity Missing (Lvl R) The Borrower's Driver License expired on 07/XX/2025, which is prior to the closing date. Provide a updated government ID


Resolved 07/XX/2025 - Received un expired passport, condition resolved.		 Resolved 07/24/2025 - Received un expired passport, condition resolved. Resolved 07/24/2025 - Received un expired passport, condition resolved.     QC Complete 07/17/2025 07/24/2025 07/24/2025 07/16/2025
9783333835 XX XX   XX XX 06/XX/2025 Refinance Non-QM/Compliant 3 1 Credit Doc Issue 5VCW010LNP3-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) The $XX coverage amount on the title report is less than the mortgage loan amount of $XX


Resolved 06/XX/2025 - Received title report with insured amount, condition resolved.		 Resolved 06/27/2025 - Received title report with insured amount, condition resolved. Resolved 06/27/2025 - Received title report with insured amount, condition resolved.     QC Complete 06/19/2025 06/27/2025 06/27/2025 06/17/2025
9783333835 XX XX   XX XX 06/XX/2025 Refinance Non-QM/Compliant 3 1 Credit Other Disclosures 5VCW010LNP3-ZXHR0C1D Resolved 3 R * Missing Required Disclosures (Lvl R) Provide copy of VOR proof of  1XX


Resolved 06/XX/2025 - Received Client response as LOX is not required for the previous residence property, condition resolved.		 Resolved 06/25/2025 - Received Client response as LOX is not required for the previous residence property, condition resolved. Resolved 06/25/2025 - Received Client response as LOX is not required for the previous residence property, condition resolved.     QC Complete 06/19/2025 06/25/2025 06/25/2025 06/18/2025
9783333835 XX XX   XX XX 06/XX/2025 Refinance Non-QM/Compliant 3 1 Credit Credit 5VCW010LNP3-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Hazard insurance does not reflects ISAOA ATIMA.


Resolved 07/XX/2025 - Received updated insurance document, condition resolved.		 Resolved 07/16/2025 - Received updated insurance document, condition resolved. Resolved 07/16/2025 - Received updated insurance document, condition resolved.     QC Complete 06/19/2025 07/16/2025 07/16/2025 06/17/2025
9784014327 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance LMAOSELB5ZQ-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 8.748% Allowed 8.370% Overby +0.378%

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 06/10/2025 06/10/2025 06/10/2025 06/10/2025
9784014327 XX XX   XX XX 05/XX/2025 Purchase Non-QM/Compliant 4 1 Credit Credit LMAOSELB5ZQ-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide Real estate appraisers error and omissions insurance policy, as it is missing


Resolved 06/XX/2025 - Received appraisal report with E&O Policy, condition resolved.		 Resolved 06/13/2025 - Received appraisal report with E&O Policy, condition resolved.
 Resolved 06/13/2025 - Received appraisal report with E&O Policy, condition resolved.
     QC Complete 06/10/2025 06/13/2025 06/13/2025 06/10/2025
9784651755 XX XX   XX XX 06/XX/2025 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue BVSSCCET24J-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) The amount of title insurance of $XX on the Title Commitment is less than the loan amount $XX


Resolved 06/XX/2025 - Received title insured amount, condition resolved.		 Resolved 06/26/2025 - Received title insured amount, condition resolved. Resolved 06/26/2025 - Received title insured amount, condition resolved.     QC Complete 06/23/2025 06/26/2025 06/26/2025 06/23/2025
9785841488 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance E5K5RYSOHHU-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 9.292% Allowed 8.300% Overby +0.992%.

This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35.
 This loan is compliant with regulation 1026.35.
     QC Complete 06/12/2025 06/12/2025 06/12/2025 06/11/2025
9788544097 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 2 2 Credit Guidelines AIWVM041A0G-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) FTHB with no prior housing payment in the past 12 months purchasing a 2nd home.

A copy of an exception approval letter is available in the loan file.		     FICO: 738 FICO exceeds the guideline requirement of 720.

DTI: 41.58% DTI is less than the maximum guideline requirement of 50.00%.


   QC Complete 06/17/2025     06/16/2025
9788547934 XX XX   XX XX 06/XX/2025 Cash Out Not Covered/Exempt 3 1 Credit Credit WKSFCGOI2ON-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide lease agreement for XX($2,500), as it is missing.


Resolved 07/XX/2025 - There is no lease agreement required for STR Income, condition resolved.		 Resolved 07/16/2025 - There is no lease agreement required for STR Income, condition resolved. Resolved 07/16/2025 - There is no lease agreement required for STR Income, condition resolved.     QC Complete 07/02/2025 07/16/2025 07/16/2025 07/02/2025
9791752257 XX XX   XX XX 06/XX/2025 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue UGV545OA2H0-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) The $XX coverage amount on the title report is less than the mortgage loan amount of $XX


Resolved 06/XX/2025 - Received title report with insured amount, condition resolved.		 Resolved 06/25/2025 - Received title report with insured amount, condition resolved. Resolved 06/25/2025 - Received title report with insured amount, condition resolved.     QC Complete 06/19/2025 06/25/2025 06/25/2025 06/18/2025
9793055337 XX XX   XX XX 06/XX/2025 Cash Out Not Covered/Exempt 3 1 Credit Credit THT0BQ1Q54K-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide updated Hazard insurance with mortgage clause.


Resolved 07/XX/2025 - Received Updated insurance document, condition resolved.		 Resolved 07/21/2025 - Received Updated insurance document, condition resolved. Resolved 07/21/2025 - Received Updated insurance document, condition resolved.     QC Complete 07/10/2025 07/21/2025 07/21/2025 07/09/2025
9793247447 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 4 1 Compliance Compliance MGG4SB3VJUP-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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 9.577% Allowed 8.380% Overby +1.197%.


This loan is compliant with regulation 1026.35.		 This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 07/17/2025 07/17/2025 07/17/2025 07/16/2025
9793446429 XX XX   XX XX 06/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Credit XYXGZ0KYV5V-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) "The hazard insurance policy was not properly scanned. The Dwelling coverage amount shows $xx, indicating a missing digit."


Resolved 07/XX/2025 - Received corrected insurance, condition resolved.		 Resolved 07/16/2025 - Received corrected insurance, condition resolved. Resolved 07/16/2025 - Received corrected insurance, condition resolved.     QC Complete 07/09/2025 07/16/2025 07/16/2025 07/09/2025
9794614397 XX XX   XX XX 06/XX/2025 Cash Out Not Covered/Exempt 3 1 Credit Doc Issue VMQJ4PJGDLY-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of the Title supplement, as the proposed title insurance amount of $XX is inadequate to cover the loan amount of $XX


Resolved 06/XX/2025 - Received title report with insured amount, condition resolved.		 Resolved 06/25/2025 - Received title report with insured amount, condition resolved. Resolved 06/25/2025 - Received title report with insured amount, condition resolved.     QC Complete 06/18/2025 06/25/2025 06/25/2025 06/18/2025
9796851161 XX XX   XX XX 06/XX/2025 Purchase Non-QM/Compliant 3 1 Compliance Compliance 1V3YTTN0H1Y-XRW0S8RB Resolved 3 R * Disclosure - Your Home Loan Toolkit is missing or unexecuted (Lvl R) Missing Home Loan Toolkit.

Resolved 07/XX/2025: Received Home Loan Toolkit dated 4/XX/2025 and exception is cleared.		 Resolved 07/01/2025: Received xx dated 4/xx/2025 and exception is cleared.  Resolved 07/01/2025: Received Home Loan Toolkit dated 4/21/2025 and exception is cleared.      QC Complete 06/23/2025 07/01/2025 07/01/2025 06/20/2025
9799697868 XX XX   XX XX 05/XX/2025 Purchase Not Covered/Exempt 3 1 Credit Doc Issue U5MSS014EF3-AEPG67BW Resolved 3 R * Missing credit report (Lvl R) Provide a copy of credit report for the borrower (XX) with atleast 2 credit scores in it.


Resolved 06/XX/2025 - Received Client LOE " The borrower does not have any reported credit freeze & 1 credit score is allowed as per guideline", condition resolved.		 Resolved 06/17/2025 - Received Client LOE " The borrower does not have any reported credit freeze & 1 credit score is allowed as per guideline", condition resolved. Resolved 06/17/2025 - Received Client LOE " The borrower does not have any reported credit freeze & 1 credit score is allowed as per guideline", condition resolved.     QC Complete 06/24/2025 06/24/2025 06/24/2025 06/11/2025