Exhibit 99.5 Schedule 2

ASF Loan Number

Loan Number

ALT Loan ID

Originator

Last Name

Note Date

Original Balance

State

TPR QM ATR Status

Loan Status

Exception Date

Remediation Status

Exception ID

Exception Type

Exception Category

Exceptions

Exception Rebuttal

Exception Rebuttal Date

Exception Rebuttal Response

Exception Rebuttal Response Date

Compensating Factors

Initial Overall Loan Grade

Final Overall Loan Grade

Initial Exception Grade

Final Exception Grade

Initial Credit Grade

Final Credit Grade

Initial Property Valuation Grade

Final Property Valuation Grade

Initial Compliance Grade

Final Compliance Grade

Initial Overall Grade (DBRS/Morningstar)

Initial Credit Grade (DBRS/Morningstar)

Initial Property Valuation Grade (DBRS/Morningstar)

Initial Compliance Grade (DBRS/Morningstar)

Initial Overall Grade (Fitch)

Initial Credit Grade (Fitch)

Initial Property Valuation Grade (Fitch)

Initial Compliance Grade (Fitch)

Initial Overall Grade (Kroll)

Initial Credit Grade (Kroll)

Initial Property Valuation Grade (Kroll)

Initial Compliance Grade (Kroll)

Initial Overall Grade (Moodys)

Initial Credit Grade (Moodys)

Initial Property Valuation Grade (Moodys)

Initial Compliance Grade (Moodys)

Initial Overall Grade (S&P)

Initial Credit Grade (S&P)

Initial Property Valuation Grade (S&P)

Initial Compliance Grade (S&P)

Final Overall Grade (DBRS/Morningstar)

Final Credit Grade (DBRS/Morningstar)

Final Property Grade (DBRS/Morningstar)

Final Compliance Grade (DBRS/Morningstar)

Final Overall Grade (Fitch)

Final Credit Grade (Fitch)

Final Property Grade (Fitch)

Final Compliance Grade (Fitch)

Final Overall Grade (Kroll)

Final Credit Grade (Kroll)

Final Property Grade (Kroll)

Final Compliance Grade (Kroll)

Final Overall Grade (Moodys)

Final Credit Grade (Moodys)

Final Property Grade (Moodys)

Final Compliance Grade (Moodys)

Final Overall Grade (S&P)

Final Credit Grade (S&P)

Final Property Grade (S&P)

Final Compliance Grade (S&P)

92400187377

XX

XX

XX

07/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/16/2025

Resolved

FPRO1242

Property

Appraisal is Missing

Appraisal is Missing. The file does not contain a copy of the appraisal used to qualify.

Document Uploaded.

07/18/2025

Appraisal is Present or is Waived; Two appraisals for the subject property were provided.

07/28/2025

Borrower has stable job time - Borrower has 13.02 years on job. Qualifying DTI below max allowed. - Calculated DTI of 29.69% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 783 is greater than Guideline minimum FICO of 760

D

A

D

A

D

A

D

A

A

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400187377

XX

XX

XX

07/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/16/2025

Resolved

FPRO9990

Property

Third Party Valuation Product Not Provided within 10% Tolerance

Third Party Valuation Product Not Provided or Not Provided Within Tolerance. The file does not contain a copy of a secondary appraisal product.

Document Uploaded.

07/18/2025

Third party valuation product provided within tolerance.; Third Party Valuation Product Not Provided or Not Provided Within Tolerance.; Two appraisals for the subject property were provided.

07/28/2025

Borrower has stable job time - Borrower has 13.02 years on job. Qualifying DTI below max allowed. - Calculated DTI of 29.69% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 783 is greater than Guideline minimum FICO of 760

D

A

C

A

D

A

D

A

A

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400187377

XX

XX

XX

07/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/16/2025

Resolved

FCRE1316

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd Party VOE Prior to Close Missing The file does not contain verification of the self employed business existence dated within 30 business days of the note date.

Document Uploaded.

07/18/2025

Borrower 1 3rd Party VOE Prior to Close Was Provided; Third party verification of self employment within 30 days of closing was received.

07/28/2025

Borrower has stable job time - Borrower has 13.02 years on job. Qualifying DTI below max allowed. - Calculated DTI of 29.69% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 783 is greater than Guideline minimum FICO of 760

D

A

D

A

D

A

D

A

A

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400187377

XX

XX

XX

07/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/16/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing The file does not contain a gap credit report dated within 30 days of the note date.

Document Uploaded.

07/18/2025

Borrower 1 Gap Credit Report is not missing.; Gap credit report dated within 30 days of closing received.

07/28/2025

Borrower has stable job time - Borrower has 13.02 years on job. Qualifying DTI below max allowed. - Calculated DTI of 29.69% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 783 is greater than Guideline minimum FICO of 760

D

A

D

A

D

A

D

A

A

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400187377

XX

XX

XX

07/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/16/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report The file does not contain a copy of the fraud report.

Document Uploaded. ; Document Uploaded.

07/24/2025

Third Party Fraud Report is provided; Fraud report received verifies all interested parties were screened through any exclusionary list.; Fraud Report received is missing evidence appraiser XX, real estate broker XXand settlement agent The Law Offices of XXwere screened through any exclusionary list.

07/28/2025

Borrower has stable job time - Borrower has 13.02 years on job. Qualifying DTI below max allowed. - Calculated DTI of 29.69% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 783 is greater than Guideline minimum FICO of 760

D

A

D

A

D

A

D

A

A

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400187377

XX

XX

XX

07/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/16/2025

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

The file does not contain a hazard insurance statement or HOA statement for the property located at XX

Document Uploaded.

07/18/2025

Received evidence of hazard insurance and evidence of no HOA.

07/22/2025

Borrower has stable job time - Borrower has 13.02 years on job. Qualifying DTI below max allowed. - Calculated DTI of 29.69% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 783 is greater than Guideline minimum FICO of 760

D

A

D

A

D

A

D

A

A

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400187377

XX

XX

XX

07/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Borrower has stable job time - Borrower has 13.02 years on job. Qualifying DTI below max allowed. - Calculated DTI of 29.69% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 783 is greater than Guideline minimum FICO of 760

D

A

A

A

D

A

D

A

A

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

D

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400186695

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/11/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing

Document Uploaded.

07/15/2025

Required Affiliated Business Disclosure Documentation Provided

07/19/2025

Borrower has stable job time - Borrower has 27.84 years on job.

D

A

B

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400186695

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/11/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report, as required by guidelines dated 01/30/2025.

Document Uploaded. ; Document Uploaded.

07/17/2025

Third Party Fraud Report is provided; Fraud Report received verifies the loan originator was screened through any exclusionary list.; Fraud Report received is missing evidence loan originator xx was screened through any exclusionary list.

07/19/2025

Borrower has stable job time - Borrower has 27.84 years on job.

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400186695

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/11/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 27.84 years on job.

D

A

A

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400186495

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/26/2025

Resolved

FCOM3849

Compliance

Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))

The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least 3-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation.  The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR  1002.14(a)(1)). The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least 3-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation.  The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR  1002.14(a)(1)).

Document Uploaded.

06/30/2025

Evidence of appraisal delivery provided.

07/01/2025

Borrower has stable job time - Borrower has 6.22 years on job.

C

A

B

A

C

A

A

A

B

A

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400186495

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/26/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing

Document Uploaded.

07/01/2025

Required Affiliated Business Disclosure Documentation Provided

07/01/2025

Borrower has stable job time - Borrower has 6.22 years on job.

C

A

B

A

C

A

A

A

B

A

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400186495

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/26/2025

Resolved

FCRE1248

Credit

Purchase is not considered to be an Arm's Length Transaction

Purchase is not considered to be an Arm's Length Transaction Per the appraisal the subject property is being sold privately from Father to son.

Document Uploaded.

06/30/2025

Purchase is considered to be an Arm's Length Transaction, or Not Applicable

06/30/2025

Borrower has stable job time - Borrower has 6.22 years on job.

C

A

C

A

C

A

A

A

B

A

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400186495

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/26/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 6.22 years on job.

C

A

A

A

C

A

A

A

B

A

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Acknowledged

FCRE1194

Credit

Audited LTV Exceeds Guideline LTV

Audited LTV of 90% exceeds Guideline LTV of 85% Lender exception for LTV to 90% in file. Compensating factors include: 6 months reserves greater than program requirement, DTI > 10% below program requirement, High Discretionary Income. Exception approved by XX 6.4.2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

C

B

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Acknowledged

FCRE1196

Credit

Audited HCLTV Exceeds Guideline HCLTV

Audited HLTV of 90% exceeds Guideline HCLTV of 85% Lender exception for LTV to 90% in file. Compensating factors include: 6 months reserves greater than program requirement, DTI > 10% below program requirement, High Discretionary Income. Exception approved by XX 6.4.2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

C

B

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Acknowledged

FCRE1195

Credit

Audited CLTV Exceeds Guideline CLTV

Audited CLTV of 90% exceeds Guideline CLTV of 85% Lender exception for LTV to 90% in file. Compensating factors include: 6 months reserves greater than program requirement, DTI > 10% below program requirement, High Discretionary Income. Exception approved by XXpm 6.4.2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

C

B

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE1316

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd Party VOE Prior to Close Missing The file does not contain a verification of the businesses existence dated within 30 business days of Closing.

Document Uploaded.

07/08/2025

Borrower 1 3rd Party VOE Prior to Close Was Provided; Lender has uploaded the SOS/business search information confirming the business is still open/active w/in 30 days of closing and has been open for > 2 years.

07/09/2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

D

A

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing The credit report in the file is over 30 days old, and the file does not contain a Gap Credit report.

Document Uploaded.

07/08/2025

Borrower 1 Gap Credit Report is not missing.; Gap credit report dated 7/XX/25 provided for the borrower.

07/09/2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

D

A

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FPRO1242

Property

Appraisal is Missing

Appraisal is Missing. The file does not contain a copy of the appraisal used to qualify.

Document Uploaded.

07/01/2025

Appraisal is Present or is Waived; Appraisal/1004 received for the subject property.

07/09/2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

D

A

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FPRO9990

Property

Third Party Valuation Product Not Provided within 10% Tolerance

Third Party Valuation Product Not Provided or Not Provided Within Tolerance. The file does not contain a required secondary valuation product.

uploaded

07/01/2025

Third party valuation product provided within tolerance.; Desk review and FNMA/FHLMC UCDPs supporting the appraised value provided for the subject property.

07/09/2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

C

A

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Resolved

FCOM3849

Compliance

Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))

The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least 3-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation.  The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR  1002.14(a)(1)). Documentation required: Please provide evidence the consumer received a copy of the appraisal at least 3 days prior to consummation.

Document Uploaded. ; Document Uploaded.

07/03/2025

Evidence of appraisal delivery provided.; The attached document for review does not confirm that the borrower received a copy of their appraisal (the borrower did not select which option they are acknowledging) . Furthermore, this loan is an HPML and a waiver can not be used to consider to downgrade for requirements being met. Please provide proof the borrower received a copy of their appraisal at least 3 days prior to closing.

07/09/2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

B

A

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Resolved

FCOM3531

Compliance

Higher-Priced Mortgage Loan Evidence of Appraisal Delivery to the Borrower Not Provided (12 CFR 1026.35(c)(6))

Evidence of Appraisal Delivery to the Borrower Not Provided.

uploaded; uploaded

07/07/2025

Evidence of Appraisal Delivery to the Borrower Provided.; The attached document for review does not confirm that the borrower received a copy of their appraisal (the borrower did not select which option they are acknowledging) . Furthermore, this loan is an HPML and a waiver can not be used to consider to downgrade for requirements being met. Please provide proof the borrower received a copy of their appraisal at least 3 days prior to closing.

07/09/2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

C

A

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

finding-2978

Compliance

MA 209 CMR 32.35 Higher-Priced Mortgage Loan Test

This loan failed the MA 209 CMR 32.35 higher-priced mortgage loan test. (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. While the Code of Massachusetts Regulations provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML non-compliant due to missing appraisal receipt.

Document Uploaded. ; uploaded

07/07/2025

proof of appraisal delivery provided, HPML compliant; exception resolved; The attached document for review does not confirm that the borrower received a copy of their appraisal (the borrower did not select which option they are acknowledging) . Furthermore, this loan is an HPML and a waiver can not be used to consider to downgrade for requirements being met. Please provide proof the borrower received a copy of their appraisal at least 3 days prior to closing.

07/08/2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

C

A

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $100.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required.  Refund in the amount of $100.00; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of $100.00 is due to increase from $0.00 to $100.00 for the Tax Service Fee.

Document Uploaded.

07/08/2025

Valid COC provided; exception resolved; Valid COC provided; exception resolved

07/08/2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

C

A

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185900

XX

XX

XX

06/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. ( 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.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. HPML non-compliant due to missing evidence of appraisal receipt.

uploaded; uploaded

07/07/2025

proof of appraisal delivery provided, HPML compliant; exception resolved; The attached document for review does not confirm that the borrower received a copy of their appraisal (the borrower did not select which option they are acknowledging) . Furthermore, this loan is an HPML and a waiver can not be used to consider to downgrade for requirements being met. Please provide proof the borrower received a copy of their appraisal at least 3 days prior to closing.

07/08/2025

Qualifying DTI below max allowed. - Calculated DTI of 2.09% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 2.54 years on job.

D

B

C

A

D

B

D

A

C

A

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

D

D

D

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92400185544

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing The Credit report is more than 30 days old, and a required GAP credit report is not in the file.

Document Uploaded.

07/02/2025

Borrower 1 Gap Credit Report is not missing.; Received gap credit report for B1.

07/08/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 740 is greater than Guideline minimum FICO of 680 Borrower has stable job time - Borrower has 6.93 years on job.

D

B

D

A

D

A

A

A

C

B

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

92400185544

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Cured

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $195.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required Refund in the amount of $195.00 Cure Package requires a PCCD, LOE, Copy of refund check and proof of delivery to the borrower OR Valid COC. Zero tolerance violation is due to the increase in the Appraisal Fee on the LE dated 6.02.2025 and no COC was found in the file explaining the reason for why the fee increased. Please provide a Valid COC or Cure Package

Document Uploaded. ; Document Uploaded.

07/03/2025

Cure package provided to the borrower; exception downgraded to a 2/B; COC provided was for the discount points. Zero tolerance violation is due to the increase in the Appraisal Fee on the LE dated 6.02.2025 and no COC was found in the file explaining the reason for why the fee increased.

07/07/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 740 is greater than Guideline minimum FICO of 680 Borrower has stable job time - Borrower has 6.93 years on job.

D

B

C

B

D

A

A

A

C

B

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

92400185544

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 740 is greater than Guideline minimum FICO of 680 Borrower has stable job time - Borrower has 6.93 years on job.

D

B

A

A

D

A

A

A

C

B

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

92400185539

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/20/2025

Resolved

FPRO9990

Property

Third Party Valuation Product Not Provided within 10% Tolerance

Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Missing FNMA UCDP.

Document Uploaded.

06/24/2025

FNMA/FHLMC UCDPs provided for the subject property. ; Third party valuation product provided within tolerance.

06/26/2025

Qualifying DTI below max allowed. - Calculated DTI of 29.53% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 7.59 years on job.

C

A

C

A

A

A

C

A

B

A

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400185539

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/23/2025

Resolved

FCOM3849

Compliance

Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))

The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least 3-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation.  The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR  1002.14(a)(1)). Missing proof the borrower received a copy of the appraisal prior to closing.

Document Uploaded. ; Document Uploaded.

06/25/2025

Appraisal delivery provided, exception resolved; Evidence of appraisal delivery provided.; The document provided indicates that the borrower chose to waive the right to receive the appraisal at least 3 days prior to consummation but does not confirm the borrower received the appraisal at or prior to consummation. Under regulation 1002.14, a borrower may waive their right to receive the appraisal at least 3 days prior to consummation but it is still required to be provided at or prior to consummation. Please provide documentation to show it was included in the closing package or provided to the borrower prior to closing

06/26/2025

Qualifying DTI below max allowed. - Calculated DTI of 29.53% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 7.59 years on job.

C

A

B

A

A

A

C

A

B

A

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400185539

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/23/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying DTI below max allowed. - Calculated DTI of 29.53% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 7.59 years on job.

C

A

A

A

A

A

C

A

B

A

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400184557

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing

Document Uploaded.

06/26/2025

Gap report provided, exception resolved.; Borrower 1 Gap Credit Report is not missing.

06/27/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 716 is greater than Guideline minimum FICO of 680 Borrower has stable job time - Borrower has 5.38 years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400184557

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 716 is greater than Guideline minimum FICO of 680 Borrower has stable job time - Borrower has 5.38 years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400184557

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/24/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 716 is greater than Guideline minimum FICO of 680 Borrower has stable job time - Borrower has 5.38 years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400184048

XX

XX

XX

05/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/03/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing Guidelines require a Gap Credit Report within 30 days of closing. Please provide Gap Credit Report.

Document Uploaded. ; Document Uploaded.

06/09/2025

Borrower 1 Gap Credit Report is not missing.; Document uploaded is dated 2/3/25. ; Borrower 1 Gap Credit Report is not missing.

06/09/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 719 is greater than Guideline minimum FICO of 700 Qualifying DTI below max allowed. - Calculated DTI of 24.33% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 8.05 years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400184048

XX

XX

XX

05/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/03/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report. Please provide Third Party Fraud Report.

Document Uploaded.

06/05/2025

Third Party Fraud Report is provided

06/09/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 719 is greater than Guideline minimum FICO of 700 Qualifying DTI below max allowed. - Calculated DTI of 24.33% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 8.05 years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400184048

XX

XX

XX

05/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/03/2025

Resolved

FCRE1437

Credit

Income and Employment Do Not Meet Guidelines

Income and Employment Do Not Meet Guidelines Missing Final Lender approval with the correct income.  Final 1003 and approval reflect income of $46,535.16. Per calculated income, it should be $24,000.

Document Uploaded.

06/05/2025

Income and Employment Meet Guidelines

06/09/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 719 is greater than Guideline minimum FICO of 700 Qualifying DTI below max allowed. - Calculated DTI of 24.33% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 8.05 years on job.

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400184048

XX

XX

XX

05/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/06/2025

Resolved

FCRE5786

Credit

Borrower 1 Gap Credit Report is Incomplete

Borrower 1 Gap Credit Report is Partially Present. Document uploaded is dated 2/3/25

Borrower 1 Gap Credit Report is not partially present.

06/09/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 719 is greater than Guideline minimum FICO of 700 Qualifying DTI below max allowed. - Calculated DTI of 24.33% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 8.05 years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400184048

XX

XX

XX

05/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/06/2025

Resolved

FCRE1081

Credit

NQM Funding - B1 Gap Credit Report expired outside 30-days prior to consummation

The Gap Credit Report pull date (02-03-2025) on the Credit Scores card, as found on the Credit Liabilities page must be inside 30-days of consummation date (05-30-2025) on the Note Info card as found on the Note page. Please make appropriate corrections.

Gap Credit Report pull date is inside 30-days of consummation date.

06/09/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 719 is greater than Guideline minimum FICO of 700 Qualifying DTI below max allowed. - Calculated DTI of 24.33% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 8.05 years on job.

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400184048

XX

XX

XX

05/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/03/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 719 is greater than Guideline minimum FICO of 700 Qualifying DTI below max allowed. - Calculated DTI of 24.33% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 8.05 years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400184048

XX

XX

XX

05/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/03/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 719 is greater than Guideline minimum FICO of 700 Qualifying DTI below max allowed. - Calculated DTI of 24.33% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 8.05 years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400183096

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FCRE5783

Credit

Borrower 2 Gap Credit Report is Missing

Borrower 2 Gap Credit Report is Missing

Document Uploaded. ; Document Uploaded.

07/01/2025

Borrower 2 Gap Credit Report is not missing.; Gap credit report received for B2/XXX.  ; Reviewed uploaded documents.  Documentation provided was the credit refresh for B1.  We are still missing the credit refresh, gap credit report or undisclosed monitoring report for B2, xx

07/01/2025

Borrower has stable job time - Borrower has 3.46 years on job. Qualifying DTI below max allowed. - Calculated DTI of 31.13% is less than Guideline DTI of 50%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400183096

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 3.46 years on job. Qualifying DTI below max allowed. - Calculated DTI of 31.13% is less than Guideline DTI of 50%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400183096

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/26/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Borrower has stable job time - Borrower has 3.46 years on job. Qualifying DTI below max allowed. - Calculated DTI of 31.13% is less than Guideline DTI of 50%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400181898

XX

XX

XX

06/XX/2025

XX

FL

ATR/QM: Exempt

Loan Review Complete

06/13/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report A Third Party Fraud Report is a guideline requirement that has not been met and must be provided.

Third Party Fraud Report is provided; Document Uploaded. Fraud provided; ;

06/23/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% Borrower has stable job time - Borrower has 12.45 years on job. Qualifying DTI below max allowed. - Calculated DTI of 3.8% is less than Guideline DTI of 50%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400181898

XX

XX

XX

06/XX/2025

XX

FL

ATR/QM: Exempt

Loan Review Complete

06/13/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing Guidelines require a Gap report which has not been met and must be provided for the Borrower.

Document Uploaded.

06/19/2025

Borrower 1 Gap Credit Report is not missing.; Credit refresh report dated within 30 days of closing was provided.

06/23/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% Borrower has stable job time - Borrower has 12.45 years on job. Qualifying DTI below max allowed. - Calculated DTI of 3.8% is less than Guideline DTI of 50%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400181898

XX

XX

XX

06/XX/2025

XX

FL

ATR/QM: Exempt

Loan Review Complete

06/13/2025

Resolved

FCRE5116

Credit

Missing VOM or VOR

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The Verification of Mortgage is required for the Borrower's investment property on xxthat was qualified with PITIA of negative $19,382.82.

Document Uploaded. Property was refinanced and closed 4/5

06/19/2025

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing; Private party VOM for XXX was received indicating account as satisfactory and with a next due date of 4/7/2025.  A final CD provided indicates loan was refinanced on 4/5/2025, with a first payment date of 6/xx/2025 and a PITI of $19,382.82.

06/23/2025

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% Borrower has stable job time - Borrower has 12.45 years on job. Qualifying DTI below max allowed. - Calculated DTI of 3.8% is less than Guideline DTI of 50%

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400181898

XX

XX

XX

06/XX/2025

XX

FL

ATR/QM: Exempt

Loan Review Complete

06/16/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 70% Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 70% Borrower has stable job time - Borrower has 12.45 years on job. Qualifying DTI below max allowed. - Calculated DTI of 3.8% is less than Guideline DTI of 50%

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186681

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/25/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing Gap or undisclosed monitoring report within 30 days of closing is missing

Document Uploaded.

07/29/2025

Borrower 1 Gap Credit Report is not missing.; Gap credit report dated within 30 days of closing received.

07/31/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 755 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 5.52 years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186681

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/25/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 755 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 5.52 years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186681

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/26/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 755 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 5.52 years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186602

XX

XX

XX

04/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/06/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing Guidelines require a Gap Credit Report within 30 days of closing. Please provide Gap Credit Report.

Document Uploaded. ; Document Uploaded.

06/13/2025

Borrower 1 Gap Credit Report is not missing.; Received the lender rebuttal. I apologize I didn't realize the fraud report included undisclosed debt monitoring.  This finding has been resolved. ; The lender has provided the fraud report for the borrower instead of the gap credit report.  Credit refresh, gap credit report, undisclosed debt verification report or credit monitoring is required dated within 30 days of closing.

06/16/2025

Borrower has stable job time - Borrower has 14.24 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 738 is greater than Guideline minimum FICO of 700

D

B

D

A

D

B

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186602

XX

XX

XX

04/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/09/2025

Resolved

FCOM3849

Compliance

Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))

The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least 3-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation.  The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR  1002.14(a)(1)). Documentation Required The file did not contain evidence that showed a copy of the appraisal was provided to the consumer at least 3-business days prior to consummation date 04/29/2025.

Document Uploaded.

06/11/2025

Evidence of appraisal delivery provided.

06/16/2025

Borrower has stable job time - Borrower has 14.24 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 738 is greater than Guideline minimum FICO of 700

D

B

B

A

D

B

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186602

XX

XX

XX

04/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/09/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing Documentation Required: The loan file is missing the Affiliated Business Disclosure.

Document Uploaded.

06/11/2025

Required Affiliated Business Disclosure Documentation Provided

06/16/2025

Borrower has stable job time - Borrower has 14.24 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 738 is greater than Guideline minimum FICO of 700

D

B

B

A

D

B

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186602

XX

XX

XX

04/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/09/2025

Resolved

finding-3532

Compliance

Initial Closing Disclosure Delivery Date Test

This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or The initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction The creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. Documentation Required The earliest CD in the loan file was issued on 04/29/2025 and signed at consummation.  The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer 3 business days prior to the consummation date of 04/29/2025.

Document Uploaded. ; Document Uploaded.

06/13/2025

initial CD provided; exception resolved; initial CD provided; exception resolved; Package provided did not include an initial CD

06/14/2025

Borrower has stable job time - Borrower has 14.24 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 738 is greater than Guideline minimum FICO of 700

D

B

C

A

D

B

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186602

XX

XX

XX

04/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/06/2025

Acknowledged

FCRE1199

Credit

Audited Loan Amount is greater than Guideline Maximum Loan Amount

Audited Loan Amount of $XXis greater than the Guideline Maximum Loan Amount of $1500000 Guidelines state for P&L only income documentation the Max Loan Amount is $1,500,000.

Document Uploaded. ; Document Uploaded.

06/13/2025

Exception received for P&L only with a loan amount of $XX. Max loan amount per matrix is $1,500,000. Approved by xx on 6/13/2025. Pricing adjustment 0.50 bps. Max DTI 42. Max LTV 80, Guidelines used 1/XX/2025. Compensating Factors: 1) FICO 20+ points greater than program requirement, 2) High discretionary income, 3) 5 years in current job, 4) VOR/VOM 0x30x24, and 5) Other - 14 years in same job.; Audited Loan Amount of $XX is greater than the Guideline Maximum Loan Amount of $1500000 Exception received for P&L only with a loan amount of $XX. Max loan amount per matrix is $1,500,000. Approved byXXon 6/13/2025. Pricing adjustment 0.50 bps. Max DTI 42. Max LTV 80, Guidelines used 1/XX/2025. Compensating Factors: 1) FICO 20+ points greater than program requirement, 2) High discretionary income, 3) 5 years in current job, 4) VOR/VOM 0x30x24, and 5) Other - 14 years in same job.; Exception received for P&L only with a loan amount of $XX Max loan amount per matrix is $1,500,000. Approved by XX on 6/13/2025.  Pricing adjustment 0.50 bps.  Max DTI 42.  Max LTV 80,  Guidelines used 1/XX/2025.   Compensating Factors:  1) FICO 20+ points greater than program requirement, 2) High discretionary income, 3) 5 years in current job, 4) VOR/VOM 0x30x24, and 5) Other - 14 years in same job. ; The lender has provided an updated lock confirmation for 12 month P&L + 2 months bank statements to allow them to go to a loan amount of $XXX.  Please provide the business bank statements for January 2025 and February 2025 for XX to support the gross monthly income of $50,785.75/month listed on the P&L.  Business bank statements provided in file for the business are dated 3/2025 and 4/2025 which are after the date of the P&L (XX)

06/13/2025

Borrower has stable job time - Borrower has 14.24 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 738 is greater than Guideline minimum FICO of 700

D

B

C

B

D

B

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186602

XX

XX

XX

04/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/06/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 14.24 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 738 is greater than Guideline minimum FICO of 700

D

B

A

A

D

B

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

D

D

A

C

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186531

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/26/2025

Resolved

FPRO9990

Property

Third Party Valuation Product Not Provided within 10% Tolerance

Third Party Valuation Product Not Provided or Not Provided Within Tolerance. The file does not contain a Secondary valuation product.

Document Uploaded.

06/30/2025

Third party valuation product provided within tolerance.; Desk review received supporting $950,000 appraised value.

07/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 813 is greater than Guideline minimum FICO of 640 Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%

C

A

C

A

A

A

C

A

B

A

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186531

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/26/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing Per the Privacy Policy, XX has affiliates. Documentation required to confirm the Affiliated Business disclosure was sent within 3 days of application 05/13/2025.

Document Uploaded.

06/30/2025

Required Affiliated Business Disclosure Documentation Provided

07/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 813 is greater than Guideline minimum FICO of 640 Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%

C

A

B

A

A

A

C

A

B

A

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186531

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/26/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 813 is greater than Guideline minimum FICO of 640 Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75%

C

A

A

A

A

A

C

A

B

A

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

C

A

C

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186504

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/23/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing

Document Uploaded.

06/25/2025

Required Affiliated Business Disclosure Documentation Provided

06/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 777 is greater than Guideline minimum FICO of 680

D

A

B

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186504

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/24/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing

Document Uploaded.

06/25/2025

Borrower 1 Gap Credit Report is not missing.; Debt monitoring report ordered 5/9/2025 provided for B1.

06/25/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 777 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186504

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/24/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 777 is greater than Guideline minimum FICO of 680

D

A

A

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186451

XX

XX

XX

06/XX/2025

XX

MT

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/17/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing Missing gap credit report, as required by guidelines, dated 01/30/2025.

Document Uploaded.

07/22/2025

Borrower 1 Gap Credit Report is not missing.; Loan quality monitoring report dated 6/9/2025 provided for B1.

07/23/2025

Borrower has stable job time - Borrower has 7.57 years on job. Qualifying DTI below max allowed. - Calculated DTI of 38.15% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 816 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186451

XX

XX

XX

06/XX/2025

XX

MT

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/17/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 7.57 years on job. Qualifying DTI below max allowed. - Calculated DTI of 38.15% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 816 is greater than Guideline minimum FICO of 680

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186451

XX

XX

XX

06/XX/2025

XX

MT

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Borrower has stable job time - Borrower has 7.57 years on job. Qualifying DTI below max allowed. - Calculated DTI of 38.15% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 816 is greater than Guideline minimum FICO of 680

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186421

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/16/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report. Please provide Third Party Fraud Report.

Document Uploaded.

06/24/2025

Third Party Fraud Report is provided; Fraud report received for the borrower.  All fraud flags have been addressed.

07/02/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% Borrower has stable job time - Borrower has 2.45 years on job.

D

B

D

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186421

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/17/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing.  Nothing in file to reflect the initial e-signature dated on or before 5/2/2025.

Document Uploaded.

06/24/2025

Evidence of eConsent is provided.

07/02/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% Borrower has stable job time - Borrower has 2.45 years on job.

D

B

B

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186421

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/17/2025

Resolved

FCOM5135

Compliance

Missing Required Affiliated Business Disclosure

Required Affiliated Business Disclosure Missing

Document Uploaded.

06/24/2025

Required Affiliated Business Disclosure Documentation Provided; Affiliated attestation provided; exception resolved

07/02/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% Borrower has stable job time - Borrower has 2.45 years on job.

D

B

B

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186421

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/16/2025

Acknowledged

FCRE7805

Credit

Missing Income - Bank Statements

Guidelines require 2 most recent months of bank statements supporting at least 65% of the gross wages reflected in the WVOE. Missing 2 months most recent bank statements. Please provide 2 months most recent bank statements.

Document Uploaded. ; Document Uploaded. ; Document Uploaded.

07/02/2025

Lender approved exception provided for missing the 2 months bank statement for WVOE documentation time.  Approved 7/1/2025 by xx using the 1/XX/2025 guidelines. Max LTV 80%, Max DTI 50%. Compensating Factors:  3 months reserves greater than program requirements and VOR 0x30 in 24 months.; Documentation uploaded does not resolve the outstanding condition. We would need a signed and approved exception from NQMF including at least 2 compensating factors. The lender has provided an email stating XX does not require proof of deposits of current income when a written VOE is provided for income documentation. The XXguidelines for Alt Doc - WVOE on pg 105 states that 2 months most recent months of bank statements reflecting deposits from the employment verified via the WVOE in both statements. The deposits must support at least 65% of the wages reflected on the WVOE. The email uploaded does not clear this condition.; The lender has provided an email stating XX does not require proof of deposits of current income when a written VOE is provided for income documentation.  The XX guidelines for Alt Doc - WVOE on pg 105 states that 2 months most recent months of bank statements reflecting deposits from the employment verified via the WVOE in both statements.  The deposits must support at least 65% of the wages reflected on the WVOE. The email uploaded does not clear this condition.

07/02/2025

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% Borrower has stable job time - Borrower has 2.45 years on job.

D

B

D

B

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186421

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/16/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 80% is less than Guideline CLTV of 90% Original LTV is Below the Guideline Maximum - Calculated LTV of 80% is less than Guideline LTV of 90% Borrower has stable job time - Borrower has 2.45 years on job.

D

B

A

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300186258

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/23/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing. Nothing in file to reflect the initial e-signature dated on or before 2/3/2025.

Document Uploaded.

06/24/2025

Evidence of eConsent is provided.

06/25/2025

Borrower has stable job time - Borrower has 16.31 years on job. Qualifying DTI below max allowed. - Calculated DTI of 30.5% is less than Guideline DTI of 50%

B

A

B

A

A

A

A

A

B

A

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186037

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/23/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Borrower has stable job time - Borrower has 8.78 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 730 is greater than Guideline minimum FICO of 700

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186037

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/24/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Borrower has stable job time - Borrower has 8.78 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 730 is greater than Guideline minimum FICO of 700

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300186037

XX

XX

XX

06/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/24/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 8.78 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 730 is greater than Guideline minimum FICO of 700

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300185426

XX

XX

XX

05/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/10/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 726 is greater than Guideline minimum FICO of 700 Qualifying DTI below max allowed. - Calculated DTI of 32.48% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 8.66 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300185426

XX

XX

XX

05/XX/2025

XX

NJ

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/10/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 726 is greater than Guideline minimum FICO of 700 Qualifying DTI below max allowed. - Calculated DTI of 32.48% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 8.66 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300185381

XX

XX

XX

05/XX/2025

XX

PA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/03/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML with established escrows and met appraisal requirements, therefore, downgraded to grade A. This loan failed the higher-priced mortgage loan test. ( 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.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

HPML compliant

06/04/2025

Borrower has stable job time - Borrower has 7.93 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300185381

XX

XX

XX

05/XX/2025

XX

PA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/03/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Borrower has stable job time - Borrower has 7.93 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300185381

XX

XX

XX

05/XX/2025

XX

PA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/03/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 7.93 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300180144

XX

XX

XX

04/XX/2025

XX

SC

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/23/2025

Resolved

FCOM1851

Compliance

Incorrect rescission model used - RTC form model H-8 used for Same Lender or Lender Affiliate Refinance

Incorrect rescission model used - RTC form model H8 (New Creditor) used for Same Lender or Lender Affiliate Refinance  Title report shows prior lender is the same as current lender. An H-9 form should have been used when subject is same lender refinance with new money.

Document Uploaded.

06/05/2025

Corrected executed RTC form provided, exception resolved.; Correct RTC form has been provided

06/10/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 716 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 24.95 years on job.

D

A

D

A

A

A

A

A

D

A

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300180144

XX

XX

XX

04/XX/2025

XX

SC

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/23/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML with established escrows and met appraisal requirements, therefore, downgraded to grade A. This loan failed the higher-priced mortgage loan test. ( 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.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

HPML compliant

04/23/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 716 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 24.95 years on job.

D

A

A

A

A

A

A

A

D

A

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300180144

XX

XX

XX

04/XX/2025

XX

SC

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/22/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 716 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 24.95 years on job.

D

A

A

A

A

A

A

A

D

A

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300180144

XX

XX

XX

04/XX/2025

XX

SC

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

04/22/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 716 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 24.95 years on job.

D

A

A

A

A

A

A

A

D

A

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010186311

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/18/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing.

Document Uploaded.

07/23/2025

Evidence of eConsent is provided.

07/31/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 736 is greater than Guideline minimum FICO of 680 Qualifying DTI below max allowed. - Calculated DTI of 24.77% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 29.38 years on job.

D

B

B

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92010186311

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/17/2025

Acknowledged

FCRE1347

Credit

Borrower 2 3rd Party VOE Prior to Close Missing

Borrower 2 3rd Party VOE Prior to Close Missing The file does not contain a Verification of employment for B2.

Document Uploaded. ; Document Uploaded.

07/30/2025

Approved lender exception request CPA letter 32 days vs 30. Compensating factors; Borrower’s contribution exceeds requirements by =>5%; DTI > than 10% below program requirement; 5 years in current job. ; Third party verification of employment completed within 10 business days of closing for borrower 2 is missing. Third party verification provided is dated 6/xx/2025, loan closed 7/xx/2025.

07/31/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 736 is greater than Guideline minimum FICO of 680 Qualifying DTI below max allowed. - Calculated DTI of 24.77% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 29.38 years on job.

D

B

D

B

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92010186311

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/17/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 736 is greater than Guideline minimum FICO of 680 Qualifying DTI below max allowed. - Calculated DTI of 24.77% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 29.38 years on job.

D

B

A

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92010185590

XX

XX

XX

06/XX/2025

XX

NV

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/23/2025

Resolved

FCOM3849

Compliance

Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR  1002.14(a)(1))

The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least 3-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation.  The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR  1002.14(a)(1)). The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at or prior to the consummation date.

Document Uploaded.

06/26/2025

Evidence of appraisal delivery provided.

06/27/2025

Qualifying DTI below max allowed. - Calculated DTI of 39.81% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 3.53 years on job.

D

A

B

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185590

XX

XX

XX

06/XX/2025

XX

NV

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/23/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing.

Document Uploaded.

06/26/2025

Evidence of eConsent is provided.

06/27/2025

Qualifying DTI below max allowed. - Calculated DTI of 39.81% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 3.53 years on job.

D

A

B

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185590

XX

XX

XX

06/XX/2025

XX

NV

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/23/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report

Document Uploaded.

06/26/2025

Fraud report provided, exception cleared. ; Third Party Fraud Report is provided

06/27/2025

Qualifying DTI below max allowed. - Calculated DTI of 39.81% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 3.53 years on job.

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185590

XX

XX

XX

06/XX/2025

XX

NV

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/23/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying DTI below max allowed. - Calculated DTI of 39.81% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 3.53 years on job.

D

A

A

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185506

XX

XX

XX

06/XX/2025

XX

PA

ATR/QM: Exempt

Loan Review Complete

07/02/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing The file does not contain a GAP credit report dated within 30 days of the note date.

Document Uploaded.

07/08/2025

Borrower 1 Gap Credit Report is not missing.; Undisclosed debt monitoring report dated within 30 days of closing received.

07/19/2025

Qualifying DTI below max allowed. - Calculated DTI of 16.48% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 750 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 5.95 years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185506

XX

XX

XX

06/XX/2025

XX

PA

ATR/QM: Exempt

Loan Review Complete

07/02/2025

Resolved

FCRE0382

Credit

Assets do not meet guideline requirements

When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. The file is missing the evidence of the $5,000.00 EMD clearance, the checking account with XXwith a balance of $52.304.62, The Savings Account with XX with a balance of $105.29, and the Checking account with XX with a balance of $81.60 used to qualify.

Document Uploaded.

07/08/2025

Funds are found to meet guidelines.; Received checking account with XX with a balance of $52.304.62, Savings Account with PXX with a balance of $105.29, and the Checking account with XX with a balance of $81.60.

07/19/2025

Qualifying DTI below max allowed. - Calculated DTI of 16.48% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 750 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 5.95 years on job.

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185506

XX

XX

XX

06/XX/2025

XX

PA

ATR/QM: Exempt

Loan Review Complete

07/02/2025

Resolved

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of $ are less than Guideline Required Reserves of $5087.04. The file is missing the evidence of the $5,000.00 EMD clearance, the checking account with XX with a balance of $52.304.62, The Savings Account with XX with a balance of $105.29, and the Checking account with XX with a balance of $81.60 used to qualify.

XXwith a balance of $81.60 shows the $5k for the EMD; uploaded

07/14/2025

Audited Reserves of $9661.7 are equal to or greater than AUS Required Reserves of $5087.04.; Reviewed the lender comments and verified the EMD of $5000 was drafted on 4/30/2025 per the xx bank statement. ; Audited Reserves of $4661.7 are less than Guideline Required Reserves of $5087.04. Received checking account with XX with a balance of $52.304.62, Savings Account with XX with a balance of $105.29, and the Checking account with XX with a balance of $81.60. Missing evidence  $5000 EMD  deposit was received and cleared. Condition remains. ; Audited Reserves of $4661.7 are less than Guideline Required Reserves of $5087.04. Received checking account with xx with a balance of $52.304.62, Savings Account with XXwith a balance of $105.29, and the Checking account with XX with a balance of $81.60. Missing evidence  $5000 EMD  deposit was received and cleared. Condition remains. ; Received checking account with XX with a balance of $52.304.62, Savings Account with XXwith a balance of $105.29, and the Checking account with XX with a balance of $81.60.

07/19/2025

Qualifying DTI below max allowed. - Calculated DTI of 16.48% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 750 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 5.95 years on job.

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185506

XX

XX

XX

06/XX/2025

XX

PA

ATR/QM: Exempt

Loan Review Complete

07/02/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report The file does not contain a copy of the fraud report used.

Document Uploaded.

07/08/2025

Third Party Fraud Report is provided; Fraud Report received.

07/19/2025

Qualifying DTI below max allowed. - Calculated DTI of 16.48% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 750 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 5.95 years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185506

XX

XX

XX

06/XX/2025

XX

PA

ATR/QM: Exempt

Loan Review Complete

07/02/2025

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

The file does not contain a mortgage statement, Tax statement, hazard insurance invoice, and a HOA statement for the Primary residence located at XX

Document Uploaded. ; Document Uploaded.

07/16/2025

Lender provided  evidence of no HOA fee for the Primary residence. ; Mortgage statement provided verifying PITI, missing evidence of HOA if any. Condition remains.

07/19/2025

Qualifying DTI below max allowed. - Calculated DTI of 16.48% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 750 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 5.95 years on job.

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185506

XX

XX

XX

06/XX/2025

XX

PA

ATR/QM: Exempt

Loan Review Complete

07/02/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying DTI below max allowed. - Calculated DTI of 16.48% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 750 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 5.95 years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185506

XX

XX

XX

06/XX/2025

XX

PA

ATR/QM: Exempt

Loan Review Complete

07/02/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Qualifying DTI below max allowed. - Calculated DTI of 16.48% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 750 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 5.95 years on job.

D

A

A

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements Borrower is living rent-free and the file does not contain a rent free letter from the property owner.

Document Uploaded.

06/30/2025

Housing History Meets Guideline Requirements

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FPRO1242

Property

Appraisal is Missing

Appraisal is Missing. The file does not contain a copy of the appraisal.

Document Uploaded.

06/30/2025

Appraisal is Present or is Waived

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FCRE1161

Credit

Flood Certificate Missing

Missing Flood Certificate The file does not contain a copy of the Flood Certificate.

Document Uploaded.

06/30/2025

Flood Certificate is fully present

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements Missing XX checking account ending in *XX with a balance of $210,670.84 as per the final 1003

Document Uploaded.

06/30/2025

Asset Qualification Meets Guideline Requirements

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FCRE3843

Credit

Guideline Seasoning not Met

The required number of months reserves are to be seasoned does not meet Guideline requirement. Missing XX checking account ending in *XX with a balance of $210,670.84 as per the final 1003

Document Uploaded.

06/30/2025

The required number of months reserves are to be seasoned does meet Guideline requirement.

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FCRE0382

Credit

Assets do not meet guideline requirements

When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines. Missing XX checking account ending in *XX with a balance of $210,670.84 as per the final 1003

Document Uploaded.

06/30/2025

Funds are found to meet guidelines.

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of $ are less than Guideline Required Reserves of $5281.47. Missing XX checking account ending in *XX with a balance of $210,670.84 as per the final 1003

Document Uploaded.

06/30/2025

Audited Reserves of $129174.39 are equal to or greater than AUS Required Reserves of $5281.47.; Audited Reserves of $ are less than Guideline Required Reserves of $5281.47. .

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FPRO9990

Property

Third Party Valuation Product Not Provided within 10% Tolerance

Third Party Valuation Product Not Provided or Not Provided Within Tolerance. FNMA SSR is missing to be able to determine if Desk Review is required.

Document Uploaded.

06/30/2025

Third party valuation product provided within tolerance.; Third Party Valuation Product Not Provided or Not Provided Within Tolerance.

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/25/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report The file does not contain a copy of the required Fraud report.

Document Uploaded.

06/30/2025

Third Party Fraud Report is provided

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/26/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing.  Documentation required to confirm the e-Consent was received on or prior to 05/30/2025.

Document Uploaded.

06/30/2025

Evidence of eConsent is provided.

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

B

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010185304

XX

XX

XX

06/XX/2025

XX

CA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/26/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing

Document Uploaded.

06/30/2025

Borrower 1 Gap Credit Report is not missing.

07/01/2025

Borrower has stable job time - Borrower has 6.3 years on job. Qualifying DTI below max allowed. - Calculated DTI of 33.13% is less than Guideline DTI of 50% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 744 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

D

A

B

A

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

D

D

D

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010184621

XX

XX

XX

06/XX/2025

XX

IL

ATR/QM: Exempt

Loan Review Complete

06/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Original LTV is Below the Guideline Maximum - Calculated LTV of 45.18% is less than Guideline LTV of 80% Borrower has stable job time - Borrower has 27.18 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 789 is greater than Guideline minimum FICO of 760 Qualifying DTI below max allowed. - Calculated DTI of 31.38% is less than Guideline DTI of 50% Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.18% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010184621

XX

XX

XX

06/XX/2025

XX

IL

ATR/QM: Exempt

Loan Review Complete

06/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Original LTV is Below the Guideline Maximum - Calculated LTV of 45.18% is less than Guideline LTV of 80% Borrower has stable job time - Borrower has 27.18 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 789 is greater than Guideline minimum FICO of 760 Qualifying DTI below max allowed. - Calculated DTI of 31.38% is less than Guideline DTI of 50% Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.18% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010184621

XX

XX

XX

06/XX/2025

XX

IL

ATR/QM: Exempt

Loan Review Complete

06/20/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Original LTV is Below the Guideline Maximum - Calculated LTV of 45.18% is less than Guideline LTV of 80% Borrower has stable job time - Borrower has 27.18 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 789 is greater than Guideline minimum FICO of 760 Qualifying DTI below max allowed. - Calculated DTI of 31.38% is less than Guideline DTI of 50% Original CLTV is Below the Guideline Maximum - Calculated CLTV of 45.18% is less than Guideline CLTV of 80%

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010184256

XX

XX

XX

07/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/17/2025

Resolved

FCRE1248

Credit

Purchase is not considered to be an Arm's Length Transaction

Purchase is not considered to be an Arm's Length Transaction The property seller is the Borrower's father.

– Reviewer to review gift of equity section of guidelines. This is where our guidelines have duplicity or overlap and you have to defer to the gift of equity section referenced in the non-arms length section. We only allow gift of equity from family members and this relationship must be disclosed on the gift of equity letter so this accounts for relationship and no further explanation is required when there is a gift of equity from a family member. In this case you must defer to the gift of equity section only. We would not ask for the same info twice or the why when its inherent to the transaction. ; Please ensure guidelines are reviewed before sending over feedback. Non-arms length transactions are allowed and the loan meets the requirements as outlined for no-arms length transactions, with a gift of equity.

07/29/2025

Purchase is considered to be an Arm's Length Transaction, or Not Applicable; Lender validates gift of equity letter is sufficient for borrower explanation. ; Borrower to provide a written explanation stating relationship to the seller and reason for purchase as required per lender guidelines is missing

07/31/2025

Borrower has stable job time - Borrower has 11.67 years on job.

C

A

C

A

C

A

A

A

B

A

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010184256

XX

XX

XX

07/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/18/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. Documentation required.  1st e-signed document in the file is dated 05/06/2025, however missing proof of e-consent dated 05/06/2025 or before.

Document Uploaded.

07/23/2025

Evidence of eConsent is provided.

07/24/2025

Borrower has stable job time - Borrower has 11.67 years on job.

C

A

B

A

C

A

A

A

B

A

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010184256

XX

XX

XX

07/XX/2025

XX

MA

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/17/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 11.67 years on job.

C

A

A

A

C

A

A

A

B

A

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

C

C

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010182683

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/10/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing. Provide eConsent dated on or before 04/22/25.

Document Uploaded.

07/15/2025

Evidence of eConsent is provided.

08/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 717 is greater than Guideline minimum FICO of 660 Borrower has stable job time - Borrower has 7.92 years on job.

D

B

B

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92010182683

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/11/2025

Resolved

FCRE1437

Credit

Income and Employment Do Not Meet Guidelines

Income and Employment Do Not Meet Guidelines B1: Income calculated without the required  January 2025 bank statement that is missing from the file. Please provide the January 2025 bank statement for XX account ending XX.

Document Uploaded.

07/15/2025

Income and Employment Meet Guidelines; Received the missing 1/2025 bank statement for #xx.

08/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 717 is greater than Guideline minimum FICO of 660 Borrower has stable job time - Borrower has 7.92 years on job.

D

B

C

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92010182683

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/11/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing The file does not contain a gap credit report dated within 30 days of the note date.

Document Uploaded.

07/15/2025

Borrower 1 Gap Credit Report is not missing.; Credit refresh report dated 6/11/2025 provided for B1.

08/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 717 is greater than Guideline minimum FICO of 660 Borrower has stable job time - Borrower has 7.92 years on job.

D

B

D

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92010182683

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/11/2025

Resolved

FCRE5783

Credit

Borrower 2 Gap Credit Report is Missing

Borrower 2 Gap Credit Report is Missing The file does not contain a gap credit report dated within 30 days of the note date.

Document Uploaded.

07/15/2025

Borrower 2 Gap Credit Report is not missing.; Credit refresh report dated 6/11/2025 provided for B2.

08/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 717 is greater than Guideline minimum FICO of 660 Borrower has stable job time - Borrower has 7.92 years on job.

D

B

D

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92010182683

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/11/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report The file does not contain a fraud report.

Document Uploaded. ; Document Uploaded.

07/25/2025

Third Party Fraud Report is provided; Updated fraud report received for the additional interested parties - no matches or issues present. ; Fraud report has been received for the borrowers.  Missing EPLS and OFAC search for xx

08/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 717 is greater than Guideline minimum FICO of 660 Borrower has stable job time - Borrower has 7.92 years on job.

D

B

D

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92010182683

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/11/2025

Acknowledged

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements The file does not contain a required VOM for the XX and the Balloon Note paid off and Belonging to XX

Document Uploaded. ; please confirm what is needed to satisfy this loan, thank you.; Document Uploaded. ; Document Uploaded.

07/30/2025

Approved lender exception : need exception to use LOX from seller of recorded contract for deed, citing all mortgage payments have been made on time.  Maximum DTI 50%. Reviewer comments: Documents in file HUD from sale - purchase date 2/7/2020. (Seller XX/Seller to Buyer/XX) Bank account deposits for mortgage to seller XX (Bank acct jointly owned with XX/family representative for son XX who inherited subject from CXX) Documents for pay history. Bank transaction of deposits to seller 1.2024 to 1.2025 from 2.2025 to current mo. to loan close bank cash receipts of deposits to seller. LOE from seller, mortgage, note, pay-off. Compensating factors; FICO 20+ points greater than program requirement; 5 years in current job. ; Please provide either a revised exception allowing the borrower to go to a 49.88% DTI or provide the April 2025 CXX statement so we can rework the bank statement income.   Original condition:   The exception provided reflects a maximum DTI of 45%. Auditor's DTI is 49.88% which met guidelines, but exceeds the 45% threshold on the exception form. Lender did not provide the April 2025 XX bank statement to add that additional month of income to the calculation. In addition the credit refresh provided for B1 reflects an increase in the monthly payment from $25/month to $141/month for XX. Exception provided for - Need exception to use LOX from seller of RECORDED contract for deed, citing all mortgage payments have been made on time. Approved by XX on 7/25/2025. No pricing adjustment, Max DTI 45%, Max LTV 75%. Guidelines used 1/30/2025 Reviewer comments: Documents in file HUD from sale - purchase date 2/7/2020. (Seller XXSeller to Buyer/xx) Bank account deposits for mortgage to seller XX (Bank acct jointly owned with XX/family representative for son BXXwho inherited subject from XX Documents for pay history. Bank transaction of deposits to seller 1.2024 to 1.2025 from 2.2025 to current mo. to loan close bank cash receipts of deposits to seller. LOE from seller, mortgage, note, pay-off.; The exception provided reflects a maximum DTI of 45%.  Auditor's DTI is 49.88% which met guidelines, but exceeds the 45% threshold on the exception form.  Lender did not provide the April 2025 XX bank statement to add that additional month of income to the calculation.  In addition the credit refresh provided for B1 reflects an increase in the monthly payment from $25/month to $141/month for xx   Exception provided for - Need exception to use LOX from seller of RECORDED contract for deed, citing all mortgage payments have been made on time. Approved by XX on 7/25/2025. No pricing adjustment, Max DTI 45%, Max LTV 75%. Guidelines used 1/30/2025 Reviewer comments: Documents in file HUD from sale - purchase date 2/7/2020. (Seller XXSeller to Buyer/xx) Bank account deposits for mortgage to seller JXX(Bank acct jointly owned with xx/family representative for son xxwho inherited subject from XX Documents for pay history. Bank transaction of deposits to seller 1.2024 to 1.2025 from 2.2025 to current mo. to loan close bank cash receipts of deposits to seller. LOE from seller, mortgage, note, pay-off.; Exception provided for - Need exception to use LOX from seller of RECORDED contract for deed, citing all mortgage payments have been made on time. Approved by XX on 7/25/2025.  No pricing adjustment, Max DTI 45%, Max LTV 75%.  Guidelines used 1/30/2025 Reviewer comments:  Documents in file HUD from sale - purchase date 2/7/2020.  (XX/Seller to Buyer/xx)  Bank account deposits for mortgage to seller xx (Bank acct jointly owned with XX/family representative for son xx who inherited subject from XX) Documents for pay history.  Bank transaction of deposits to seller 1.2024 to 1.2025 from 2.2025 to current mo. to loan close bank cash receipts of deposits to seller.  LOE from seller, mortgage, note, pay-off. ; Received the fully executed contract for deed, hud1 from closing, mortgage statements for the existing mortgage, property profile and proof of rental/contract payment history from 1/2024-4/2025.  Property profile confirms the contract for deed was recorded.  Lender guidelines from 1/30/2025 pg 36 states cancelled checks are required to document the 12 months rental/contract for deed payment history.  Per letter of explanation from the seller, payments were made in cash. This doesn't meet the lender guidelines. ; Housing History Does Not Meet Guideline Requirements; Received the fully executed contract for deed, hud1 from closing, mortgage statements for the existing mortgage, property profile and proof of rental/contract payment history from 1/2024-4/2025.  Property profile confirms the contract for deed was recorded.  Lender guidelines from 1/30/2025 pg 36 states cancelled checks are required to document the 12 months rental/contract for deed payment history.  Per letter of explanation from the seller, payments were made in cash. This doesn't meet the lender guidelines.

08/01/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 717 is greater than Guideline minimum FICO of 660 Borrower has stable job time - Borrower has 7.92 years on job.

D

B

C

B

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92010182683

XX

XX

XX

07/XX/2025

XX

FL

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/11/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 717 is greater than Guideline minimum FICO of 660 Borrower has stable job time - Borrower has 7.92 years on job.

D

B

A

A

D

B

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE1326

Credit

Borrower 1 YTD Profit & Loss Missing

Borrower 1 YTD Profit & Loss Missing

Document Uploaded. ; Document Uploaded.

07/14/2025

Borrower 1 YTD Profit & Loss Provided; Signed P&L received. ; The dated and executed profit and loss statement has still not been provided. We are still missing the signed and dated 12 month profit and loss statement to support $19,398.86/month in qualifying income per the final 1003 and 1008 for the borrower's XX/business.; We are still missing the signed and dated 12 month profit and loss statement to support $19,398.86/month in qualifying income per the final 1003 and 1008 for the borrower's XX/business.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/03/2025

Resolved

FCRE1483

Credit

Asset 5 Does Not Meet Guideline Requirements

Asset 5 Does Not Meet Guideline Requirements Gift from XX for $4,500 - missing a copy of the gift check to complete the gift documentation requirements per lender guidelines.  Gift letter provided and can see the deposit in the borrower's XXChecking account on 6/10/2025.

Document Uploaded.

07/23/2025

Asset 5 Meets Guideline Requirements Or Not Applicable; Gift check received from XX for $4500. ; Asset 5 Does Not Meet Guideline Requirements

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Resolved

FCRE0382

Credit

Assets do not meet guideline requirements

When the Total Qualified Asset Post Close field contains a negative value, the required assets do not meet guidelines.

Document Uploaded.

07/02/2025

Funds are found to meet guidelines.; Asset documentation including XX statements, Gift Letters, Gift Checks and proof of earnest money deposit clearance has been provided.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Resolved

FCRE1437

Credit

Income and Employment Do Not Meet Guidelines

Income and Employment Do Not Meet Guidelines

Document Uploaded. ; Document Uploaded.

07/14/2025

Income and Employment Meet Guidelines; Signed P&L Received. ; We are still missing the signed and dated 12 month profit and loss statement to support $19,398.86/month in qualifying income per the final 1003 and 1008 for the borrower's XX/business.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Resolved

FCRE1495

Credit

ATR: Current Employment Not Verified

ATR:  Current Employment Not Verified Missing Profit and Loss

Document Uploaded. ; Document Uploaded.

07/14/2025

ATR:  Current Employment Was Verified; Signed P&L has been received. ; Signed P&L received dated 3/22/2025. ; The executed 1 year P&L has not been provided for the borrower's business. ; CPA letter provided dated 6/9/2025 verifying the business is open and active.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. The eSigned documents consent is missing. Provide e-signature dated on or before 3/18/2025.

Document Uploaded.

07/02/2025

Evidence of eConsent is provided.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

B

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE1201

Credit

Third Party Fraud Report not Provided

Missing Third Party Fraud Report Missing Fraud Report.

Document Uploaded. ; Document Uploaded.

07/23/2025

Third Party Fraud Report is provided; Received an updated fraud report for the borrower and includes the additional interested parties.  No issues noted. ; Fraud report received for the borrower.  We are missing the exclusionary search for the second appraiser/appraisal company: xx

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE9995

Credit

Audited Reserves are less than Guideline Required Reserves (Dollar Amount)

Audited Reserves of $ are less than Guideline Required Reserves of $35288.64. Missing assets in the amount of $212,536.76 per Final 1003 and Final 1008.

Document Uploaded.

07/02/2025

Audited Reserves of $40365.61 are equal to or greater than AUS Required Reserves of $36632.16.; Asset documentation including XXstatements, Gift Letters, Gift Checks and proof of earnest money deposit clearance has been provided.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE1292

Credit

Income 1 Months Income Verified is Missing

Income 1 Months Income Verified is Missing Missing 12 month P&L

Document Uploaded. ; Document Uploaded.

07/14/2025

Income 1 Months Income Verified is Present Or Not Applicable; Signed P&L received. ; Documentation uploaded did not address the outstanding conditions. We are still missing the signed and dated 12 month profit and loss statement to support $19,398.86/month in qualifying income per the final 1003 and 1008 for the borrower's XX/business.; We are still missing the signed and dated 12 month profit and loss statement to support $19,398.86/month in qualifying income per the final 1003 and 1008 for the borrower's XX/business.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE1497

Credit

ATR: Reasonable Income or Assets Not Considered

ATR:  Reasonable Income or Assets Not Considered Missing assets statement in the amount of $212,536.76 per Final 1003 and Final 1008.

Document Uploaded. GIFT CHECK ATTACHED; We do not require this for accts shared with a spouse.; Document Uploaded. ; Document Uploaded. ; Document Uploaded.

07/29/2025

ATR:  Reasonable Income or Assets Was Considered; Copy of gift check of $4500 from xx to borrower was received. ; Lender comments reviewed.  Lender validates additional person on XXis borrower’s spouse, an access letter is not required. Missing copy of copy of the gift check for $4500 from XX; The lender has uploaded the borrower's profit and loss for XX and bank statement showing deposit of the $4500 gift funds. This doesn't address the two outstanding conditions. Finding remains outstanding: The following condition remains outstanding/documentation uploaded did not address the condition: Missing access letter from NXX for the XX and a copy of the gift check for $4500 from XX; The lender has uploaded the borrower's profit and loss for XX and bank statement showing deposit of the $4500 gift funds.  This doesn't address the two outstanding conditions.  Finding remains outstanding:  The following condition remains outstanding/documentation uploaded did not address the condition: Missing access letter from XX for the TXXand a copy of the gift check for $4500 from XX; The following condition remains outstanding/documentation uploaded did not address the condition:  Missing access letter from XX for the XX and a copy of the gift check for $4500 from XX.; Missing access letter from XXn for the XX and a copy of the gift check for $4500 from XX ; Asset and gift documentation has been received as well as the earnest money check clearance for $44,950.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE3843

Credit

Guideline Seasoning not Met

The required number of months reserves are to be seasoned does not meet Guideline requirement. Missing assets in the amount of $212,536.76 per Final 1003 and Final 1008.

Document Uploaded.

07/02/2025

The required number of months reserves are to be seasoned does meet Guideline requirement.; Asset documentation including XXstatements, Gift Letters, Gift Checks and proof of earnest money deposit clearance has been provided.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements Missing assets in the amount of $212,536.76 per Final 1003 and Final 1008.

Document Uploaded.

07/02/2025

Asset Qualification Meets Guideline Requirements; Asset documentation includingXX statements, Gift Letters, Gift Checks and proof of earnest money deposit clearance has been provided.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

C

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE1157

Credit

Hazard Insurance Policy is Missing

Missing Hazard Insurance Policy Missing HOI policy for subject property.

Document Uploaded.

07/02/2025

Hazard Insurance Policy is fully present; Hazard insurance declarations page and replacement cost estimate has been provided for the subject property.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE5782

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing

Document Uploaded. ; Document Uploaded.

07/09/2025

Borrower 1 Gap Credit Report is not missing.; Credit refresh provided for the borrower. ; Document cannot be opened/corrupted.  Please reupload the credit refresh for the borrower.  Borrower 1 Gap Credit Report is Missing

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/27/2025

Resolved

FCRE1316

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd Party VOE Prior to Close Missing

Document Uploaded.

07/02/2025

Borrower 1 3rd Party VOE Prior to Close Was Provided; CPA letter dated 6/9/2025 has been provided confirming the business is open and active.

07/31/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

07/03/2025

Resolved

FCRE9500

Credit

Missing Letter of Explanation (Assets)

Please provide a executed access letter from xx for the use of the assets from XX checking #XX.

– We do not require this for accts shared with a spouse. ; – We do not require this for accts shared with a spouse.; Document Uploaded.

07/24/2025

Lender comments reviewed.  Lender validates additional person on XX account #XX is borrower’s spouse, an access letter is not required. ; Reviewed the lender's rebuttal.  We do not have anything in the file confirming that XXis the borrower's spouse.  Documentation uploaded did not address the outstanding condition: Please provide a executed access letter from XX for the use of the assets from XX.; Documentation uploaded did not address the outstanding condition:  Please provide a executed access letter from XX for the use of the assets from  XX

07/28/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

D

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Resolved

finding-2559

Compliance

NY Subprime Home Loan Test

Subprime legend on the face of the mortgage and NY Counseling list on page 412. This loan failed the NY subprime home loan test.  (NY SB 8143 Section 5, 1(c))Using the greater of the disclosed APR and the fully indexed rate, the loan is a subprime home loan, as defined in the legislation. While the New York Subprime Home Loan provisions specify that lenders may lawfully make this type of loan subject to certain conditions, some lenders and secondary market investors may prefer not to fund or buy subprime home loans even if the additional conditions are met.

HPML compliant

06/30/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

A

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92010180428

XX

XX

XX

06/XX/2025

XX

NY

Non-QM: Lender documented all ATR UW factors

Loan Review Complete

06/30/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML with established escrows and met appraisal requirements, therefore, downgraded to grade A. This loan failed the higher-priced mortgage loan test. ( 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.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

HPML compliant

06/30/2025

Borrower has stable job time - Borrower has 5.28 years on job. Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 680

D

A

A

A

D

A

A

A

B

A

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

D

D

A

B

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300185715

XX

XX

XX

XX

05/XX/2025

XX

CA

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/23/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying DTI below max allowed. - Calculated DTI of 8.75% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 3.11 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300185715

XX

XX

XX

XX

05/XX/2025

XX

CA

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/23/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying DTI below max allowed. - Calculated DTI of 8.75% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 3.11 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300185715

XX

XX

XX

XX

05/XX/2025

XX

CA

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/23/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Qualifying DTI below max allowed. - Calculated DTI of 8.75% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 3.11 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300185742

XX

XX

XX

XX

05/XX/2025

XX

TX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/19/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML escrow established, appraisal requirement met This loan failed the higher-priced mortgage loan test. ( 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.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

HPML is compliant and allowed per lender guidelines; therefore, downgraded to A.

05/20/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 737 is greater than Guideline minimum FICO of 720 Borrower has stable job time - Borrower has 2.36 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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92300185742

XX

XX

XX

XX

05/XX/2025

XX

TX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/19/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 737 is greater than Guideline minimum FICO of 720 Borrower has stable job time - Borrower has 2.36 years on job.

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92300185742

XX

XX

XX

XX

05/XX/2025

XX

TX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/19/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 737 is greater than Guideline minimum FICO of 720 Borrower has stable job time - Borrower has 2.36 years on job.

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92300185778

XX

XX

XX

XX

05/XX/2025

XX

CA

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/21/2025

Resolved

FCOM1221

Credit

The Deed of Trust is Incomplete

The Deed of Trust is Incomplete Missing page 2, that reflects any riders and if applicable rider required as well if reflected on page 2 of DOT.

Document Uploaded.

05/23/2025

Documentation provided is sufficient. Exception resolved.; The Deed of Trust is Present and Complete

07/14/2025

Borrower has stable job time - Borrower has 2.34 years on job.

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92300185778

XX

XX

XX

XX

05/XX/2025

XX

CA

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/22/2025

Resolved

FCRE1193

Credit

Audited DTI Exceeds Guideline DTI

Audited DTI of 50.13% exceeds Guideline DTI of 50% The other debt monthly calculated at $696 per month which matches the final 1003 and credit report in the loan file, but according to the 1008 lender only included $524 per month, which is a variance of $174 and the cause of DTI exceeding 50% borrower FICO below 700, and therefore does not qualify for a DTI of 55%.

Document Uploaded.

05/23/2025

Audited DTI of 47.43% is less than or equal to Guideline DTI of 50%. The Charge Off is outside statue of limitations and can be excluded per lender guidelines.  Exception Resolved.

07/14/2025

Borrower has stable job time - Borrower has 2.34 years on job.

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D

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92300185778

XX

XX

XX

XX

05/XX/2025

XX

CA

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/21/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Borrower has stable job time - Borrower has 2.34 years on job.

D

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92300185778

XX

XX

XX

XX

05/XX/2025

XX

CA

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/21/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 2.34 years on job.

D

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92300185724

XX

XX

XX

XX

05/XX/2025

XX

TX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/23/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Qualifying DTI below max allowed. - Calculated DTI of 35.27% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 7.28 years on job.

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92300185724

XX

XX

XX

XX

05/XX/2025

XX

TX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/23/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying DTI below max allowed. - Calculated DTI of 35.27% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 7.28 years on job.

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92300185724

XX

XX

XX

XX

05/XX/2025

XX

TX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/23/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying DTI below max allowed. - Calculated DTI of 35.27% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 7.28 years on job.

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92300185790

XX

XX

XX

XX

05/XX/2025

XX

NJ

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/14/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 715 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 20.96 years on job.

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92300185790

XX

XX

XX

XX

05/XX/2025

XX

NJ

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/13/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 715 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 20.96 years on job.

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92300185790

XX

XX

XX

XX

05/XX/2025

XX

NJ

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/13/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 715 is greater than Guideline minimum FICO of 700 Borrower has stable job time - Borrower has 20.96 years on job.

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92300185726

XX

XX

XX

XX

05/XX/2025

XX

FL

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/17/2025

Resolved

FCRE1157

Credit

Hazard Insurance Policy is Missing

Missing Hazard Insurance Policy A Hazard Insurance Policy reflecting 100% of the insurable value of improvements or 100% of the Total Estimate of Cost-New per the appraiser is required.

Document Uploaded. ; please clear this condition - this is a duplicate; Document Uploaded. Coverage details uploaded (page 21 of total 30 pages,  or 10 of 18 numbered at bottom left) highlights coverage details indicating building coverage is at replacement cost. ; Document Uploaded. Please clarify if you are asking for the actual HOI, which should be in the ship file or a correction to the HOI. I've attached the HOI just in case you're looking for the actual policy. ; Document Uploaded.

06/02/2025

Received HOI, which provided coverage of 889,094 plus 25% ordinance of law coverage, which is a total coverage of $1,111,368 and is sufficient coverage for this property, loan amount and total cost new.  Exception Resolved.; Hazard Insurance Policy is fully present; The building coverage at replacement cost referenced in your comment still does not meet the requirement as 80% of the replacement cost being $762,352 is less than the dwelling coverage $889,094. Per Guidelines, The insurance coverage should reflect one of the following: • 100% of the insurable value of the improvements, as established by the property insurer; or • 100% of the Total Estimate of Cost-New per the appraiser; or • The unpaid principal balance of the mortgage, as long as it at least equals the minimum amount—80% of the insurable value of the improvements—required to compensate for damage or loss on a replacement cost basis. If it does not, then coverage that does provide the minimum required amount must be obtained. The building coverage at replacement cost referenced in your comment still does not meet the requirement as 80% of the replacement cost being $762,352 is less than the dwelling coverage $889,094; The building coverage at replacement cost referenced in your comment still does not meet the requirement as 80% of the replacement cost being $762,352 is less than the dwelling coverage $889,094. Per Guidelines, The insurance coverage should reflect one of the following: • 100% of the insurable value of the improvements, as established by the property insurer; or • 100% of the Total Estimate of Cost-New per the appraiser; or • The unpaid principal balance of the mortgage, as long as it at least equals the minimum amount—80% of the insurable value of the improvements—required to compensate for damage or loss on a replacement cost basis. If it does not, then coverage that does provide the minimum required amount must be obtained. The building coverage at replacement cost referenced in your comment still does not meet the requirement as 80% of the replacement cost being $762,352 is less than the dwelling coverage $889,094; Hazard Insurance Policy is fully present; Policy should cover the loan amount of $918,000.00. The replacement cost new on the appraisal of $952,940.00 is higher, and the 80% rule is to cover the minimum amount of the insurable value in case the unpaid balance was lower than the 80%. Exception remains.  ; Hazard Insurance Policy is fully present; Please provide the Hazard policy. Exception remains.

07/14/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 764 is greater than Guideline minimum FICO of 740 Qualifying DTI below max allowed. - Calculated DTI of 18.96% is less than Guideline DTI of 55%

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92300185726

XX

XX

XX

XX

05/XX/2025

XX

FL

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/29/2025

Resolved

FCRE0377

Credit

The Total Hazard Coverage is LESS than the Required Coverage Amount

The hazard insurance dwelling coverage of ($XX) is insufficient, not meeting the required coverage amount of ($XX).

Document Uploaded. ; Document Uploaded. ; Document Uploaded. Coverage details uploaded (page 21 of total 30 pages,  or 10 of 18 numbered at bottom left) highlights coverage details indicating building coverage is at replacement cost.

06/02/2025

The Total Hazard Coverage is greater than or equal to the Required Coverage Amount - Received HOI, which provided coverage of 889,094 plus 25% ordinance of law coverage, which is a total coverage of $1,111,368 and is sufficient coverage for this property, loan amount and total cost new.  Exception Resolved.;  The building coverage at replacement cost referenced in your comment still does not meet the requirement as 80% of the replacement cost being $762,352 is less than the dwelling coverage $889,094. Per Guidelines, The insurance coverage should reflect one of the following: • 100% of the insurable value of the improvements, as established by the property insurer; or • 100% of the Total Estimate of Cost-New per the appraiser; or • The unpaid principal balance of the mortgage, as long as it at least equals the minimum amount—80% of the insurable value of the improvements—required to compensate for damage or loss on a replacement cost basis. If it does not, then coverage that does provide the minimum required amount must be obtained. The building coverage at replacement cost referenced in your comment still does not meet the requirement as 80% of the replacement cost being $762,352 is less than the dwelling coverage $889,094; The hazard insurance dwelling coverage of ($889094) is insufficient, not meeting the required coverage amount of ($918000). - The hazard insurance dwelling coverage of ($889094) is insufficient, not meeting the required coverage amount of ($918000).

07/14/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 764 is greater than Guideline minimum FICO of 740 Qualifying DTI below max allowed. - Calculated DTI of 18.96% is less than Guideline DTI of 55%

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92300185726

XX

XX

XX

XX

05/XX/2025

XX

FL

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/19/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 764 is greater than Guideline minimum FICO of 740 Qualifying DTI below max allowed. - Calculated DTI of 18.96% is less than Guideline DTI of 55%

D

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92300185726

XX

XX

XX

XX

05/XX/2025

XX

FL

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/17/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 764 is greater than Guideline minimum FICO of 740 Qualifying DTI below max allowed. - Calculated DTI of 18.96% is less than Guideline DTI of 55%

D

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92300185787

XX

XX

XX

XX

05/XX/2025

XX

TX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/20/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Borrower has stable job time - Borrower has 3.17 years on job. Qualifying DTI below max allowed. - Calculated DTI of 43.48% is less than Guideline DTI of 55% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 718 is greater than Guideline minimum FICO of 700

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92300185787

XX

XX

XX

XX

05/XX/2025

XX

TX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/20/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 3.17 years on job. Qualifying DTI below max allowed. - Calculated DTI of 43.48% is less than Guideline DTI of 55% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 718 is greater than Guideline minimum FICO of 700

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92300185787

XX

XX

XX

XX

05/XX/2025

XX

TX

ATR/QM: CDFI Lender Exempt

Loan Review Complete

05/20/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Borrower has stable job time - Borrower has 3.17 years on job. Qualifying DTI below max allowed. - Calculated DTI of 43.48% is less than Guideline DTI of 55% Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 718 is greater than Guideline minimum FICO of 700

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400077001

XX

XX

XX

XX

06/XX/2024

XX

TX

ATR/QM: Exempt

Loan Review Complete

06/28/2024

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 772 is greater than Guideline minimum FICO of 740

A

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400077001

XX

XX

XX

XX

06/XX/2024

XX

TX

ATR/QM: Exempt

Loan Review Complete

06/28/2024

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 772 is greater than Guideline minimum FICO of 740

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92300185815

XX

XX

XX

XX

05/XX/2025

XX

NJ

ATR/QM: Exempt

Loan Review Complete

05/23/2025

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation:   Note, mortgage, and sales contract reflect property address as:XX Appraisal reflects: XX; Desk Review, and Hazard policy reflect: XX

Document Uploaded. ; Document Uploaded. Updated appraisal and HOI; Document Uploaded.

06/10/2025

Property/Appraisal Meets Guidelines; Documentation provided is sufficient. Exception resolved.; Address issues resolved for Appraisal report and Homeowner insurance policy except for Desk review. Exception remains.; Documentation provided is insufficient. Property address on Note, mortgage, and sales contract reflect property address as: XX; Appraisal reflects: 3XX All addresses must match the standardized mailing address. Exception remains.

07/14/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 720

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92300185815

XX

XX

XX

XX

05/XX/2025

XX

NJ

ATR/QM: Exempt

Loan Review Complete

05/23/2025

Resolved

FCRE1204

Credit

Fraud Report Shows Uncleared Alerts

Fraud Report Shows Uncleared Alerts Subject property address results are based on input APN (parcel number). Input address does not match the address associated with the APN. First page of fraud report does not reflect a subject property address.

Document Uploaded.

05/29/2025

Documentation provided is sufficient. Exception resolved.; All Fraud Report Alerts have been cleared or None Exist

07/14/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 720

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C

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300185815

XX

XX

XX

XX

05/XX/2025

XX

NJ

ATR/QM: Exempt

Loan Review Complete

05/27/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 739 is greater than Guideline minimum FICO of 720

C

A

A

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300187774

XX

XX

XX

XX

06/XX/2025

XX

FL

ATR/QM: Exempt

Loan Review Complete

06/17/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying DTI below max allowed. - Calculated DTI of 31.29% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 21.45 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300187774

XX

XX

XX

XX

06/XX/2025

XX

FL

ATR/QM: Exempt

Loan Review Complete

06/17/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Qualifying DTI below max allowed. - Calculated DTI of 31.29% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 21.45 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300187774

XX

XX

XX

XX

06/XX/2025

XX

FL

ATR/QM: Exempt

Loan Review Complete

06/17/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying DTI below max allowed. - Calculated DTI of 31.29% is less than Guideline DTI of 50% Borrower has stable job time - Borrower has 21.45 years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300187762

XX

XX

XX

XX

06/XX/2025

XX

CA

ATR/QM: CDFI Lender Exempt

Loan Review Complete

06/23/2025

Acknowledged

FCRE1199

Credit

Audited Loan Amount is greater than Guideline Maximum Loan Amount

Audited Loan Amount of $XX is greater than the Guideline Maximum Loan Amount of $3500000

Document Uploaded.

06/25/2025

The guidelines state the maximum loan amount is $3,500,000.00. The subject transaction is for $XX, exceeded the maximum loan amount allowed. However, a credit exception was granted for the loan amount citing compensating factors of an excellent credit history and minimal use of credit, excessive reserves, significant residual income, a low DTI and the mortgages paid on time for the last 24+ months. Acknowledged and downgraded.

06/26/2025

Borrower has stable job time - Borrower has 8.26 years on job. Qualifying DTI below max allowed. - Calculated DTI of 11.93% is less than Guideline DTI of 55%

C

B

C

B

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300187762

XX

XX

XX

XX

06/XX/2025

XX

CA

ATR/QM: CDFI Lender Exempt

Loan Review Complete

06/23/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Borrower has stable job time - Borrower has 8.26 years on job. Qualifying DTI below max allowed. - Calculated DTI of 11.93% is less than Guideline DTI of 55%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300187762

XX

XX

XX

XX

06/XX/2025

XX

CA

ATR/QM: CDFI Lender Exempt

Loan Review Complete

06/24/2025

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Borrower has stable job time - Borrower has 8.26 years on job. Qualifying DTI below max allowed. - Calculated DTI of 11.93% is less than Guideline DTI of 55%

C

B

A

A

C

B

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

92300187796

XX

XX

XX

XX

06/XX/2025

XX

FL

ATR/QM: CDFI Lender Exempt

Loan Review Complete

06/24/2025

Resolved

finding-3352

Compliance

Higher-Priced Mortgage Loan Test

HPML compliant, downgraded to A This loan failed the higher-priced mortgage loan test. ( 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.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.

HPML is compliant and allowed per lender guidelines; therefore, downgraded to A.

06/24/2025

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 782 is greater than Guideline minimum FICO of 740

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300187796

XX

XX

XX

XX

06/XX/2025

XX

FL

ATR/QM: CDFI Lender Exempt

Loan Review Complete

06/23/2025

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 782 is greater than Guideline minimum FICO of 740

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92300187796

XX

XX

XX

XX

06/XX/2025

XX

FL

ATR/QM: CDFI Lender Exempt

Loan Review Complete

06/23/2025

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of 782 is greater than Guideline minimum FICO of 740

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

92400186338

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

06/25/2025

Resolved

9453151683

Credit

Background Check Missing or Defective

Missing Background Report For: IXX

06/26/2025 Fraud Report uploaded

06/26/2025

20250626: Received trailing docs

06/26/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400186338

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

06/25/2025

Resolved

9453253401

Property

Flood Insurance Missing or Defective

Missing Flood Insurance for subject property: XX

05/26/2025 Flood Insurance uploaded

06/26/2025

20250627: Received Insurance

06/27/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400186338

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

06/25/2025

Resolved

9453258760

Property

Appraisal Review - Missing

Missing Appraisal Review for subject property: XX

06/26/2025 CDA uploaded

06/26/2025

20250626: Received trailing docs

06/26/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400186057

XX

XX

XX

6/XX/2025

XX

OK

ATR/QM Exempt

Loan Review Complete

06/30/2025

Resolved

9485070959

Credit

Background Check Missing or Defective

Missing Background Report  For Guarantor: XX

20250701: Uploaded BG

07/01/2025

20250701: Received BG

07/01/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400186057

XX

XX

XX

6/XX/2025

XX

OK

ATR/QM Exempt

Loan Review Complete

06/30/2025

Resolved

9485076518

Credit

Credit Report Missing or Defective

Missing Credit Report for Guarantor: XX

20250701: Uploaded Credit Report

07/01/2025

20250701: Received credit report

07/01/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400184206

XX

XX

XX

6/XX/2025

XX

CT

ATR/QM Exempt

Loan Review Complete

07/03/2025

Resolved

9514370907

Credit

Background Check Missing or Defective

Missing Background Report for: XX

20250710: Fraud

07/10/2025

20250710: Received trailing docs

07/10/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400184206

XX

XX

XX

6/XX/2025

XX

CT

ATR/QM Exempt

Loan Review Complete

07/03/2025

Resolved

9514371851

Property

Appraisal Review - Missing

Missing Appraisal Review for subject property located at: XX

20250711:CDA

07/11/2025

20250711: Received CDA

07/11/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400183934

XX

XX

XX

6/XX/2025

XX

NY

ATR/QM Exempt

Loan Review Complete

07/03/2025

Resolved

9514373050

Credit

Background Check Missing or Defective

Missing Background Report for: XX

20250709: Uploaded Fraud

07/09/2025

20250709: Received Fraud

07/09/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400183934

XX

XX

XX

6/XX/2025

XX

NY

ATR/QM Exempt

Loan Review Complete

07/03/2025

Resolved

9514376867

Property

Appraisal Review - Missing

Missing Appraisal Review for subject property located at: XX

20250709: Uploaded CDA

07/09/2025

20250709: Received CDA

07/09/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184064

XX

XX

XX

7/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/07/2025

Resolved

9533621318

Credit

Entity Documentation - Missing or Defective

Missing Operating Agreement for: XX

20250710: Uploaded OA

07/10/2025

20250711: Received entity docs

07/11/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184064

XX

XX

XX

7/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/07/2025

Resolved

9533626277

Credit

Background Check Missing or Defective

Missing Background Report for guarantor: XX

20250710: Fraud

07/10/2025

20250711: Received Fraud

07/11/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184064

XX

XX

XX

7/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/07/2025

Resolved

9533629393

Credit

Hazard Insurance Missing or Defective

Missing Hazard Insurance for subject property located at: XX

20250710: Insurance

07/10/2025

20250711: Received Insurance

07/11/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184064

XX

XX

XX

7/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/07/2025

Resolved

9533631248

Credit

Insufficient Assets to Close

$146,808.7 < $211,662.06 minimum liquidity required. Please provide additional assets.

20250710: Assets

07/10/2025

20250711: Received assets

07/11/2025

D

A

C

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400186690

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

07/08/2025

Resolved

9545695635

Credit

Background Check Missing or Defective

Missing Background Report for: xx

20250709: Fraud

07/09/2025

20250710: Received Fraud

07/10/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400186690

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

07/08/2025

Resolved

9545734575

Credit

Title Insurance Missing or Defective

Preliminary Title is missing Mortgagee Clause after Lender's name. Please provide updated Title Policy with ISAOA/ATIMA

20250709: Title

07/09/2025

20250710: Received title

07/10/2025

D

A

C

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186834

XX

XX

XX

7/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/09/2025

Resolved

9554326065

Credit

Entity Documentation - Missing or Defective

Missing Articles of Organization for Entity: XX

20250711: Entity docs

07/11/2025

20250714: Received entity docs

07/14/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186834

XX

XX

XX

7/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/09/2025

Resolved

9554326496

Credit

Entity Documentation - Missing or Defective

Missing Operating Agreement for Entity: XX

20250711: Entity docs

07/11/2025

20250714: Received entity docs

07/14/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186834

XX

XX

XX

7/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/09/2025

Resolved

9554571405

Credit

Asset Documentation Missing or Defective

Missing Asset Documents

20250711: Assets

07/11/2025

20250714: Received assets

07/14/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186834

XX

XX

XX

7/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/09/2025

Resolved

9554594965

Property

Appraisal Review - Missing

Missing Appraisal Review for subject property: XX

20250711: Appraisal Review

07/11/2025

20250714: Received appraisal review

07/14/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186834

XX

XX

XX

7/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/09/2025

Resolved

9554595996

Property

Hazard Insurance Missing or Defective

Missing Hazard Insurance for subject property: XX

20250711: Insurance

07/11/2025

20250714: Received Insurance

07/14/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186087

XX

XX

XX

7/XX/2025

XX

NY

ATR/QM Exempt

Loan Review Complete

07/09/2025

Resolved

9554716831

Credit

Background Check Missing or Defective

Missing Background Report for: XX

20250711: Fraud

07/11/2025

20250714: Received fraud

07/14/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186087

XX

XX

XX

7/XX/2025

XX

NY

ATR/QM Exempt

Loan Review Complete

07/09/2025

Resolved

9554717272

Property

Appraisal Missing or Defective

Missing Appraisal for subject property: XX

20250711: Appraisal

07/11/2025

20250714: Received Appraisal

07/14/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186087

XX

XX

XX

7/XX/2025

XX

NY

ATR/QM Exempt

Loan Review Complete

07/09/2025

Resolved

9554717726

Property

Subject Property Lease - Missing or Defective

Missing Lease Agreement for subject property located at: XX

20250711: Leases

07/11/2025

20250714: Received Lease

07/01/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186087

XX

XX

XX

7/XX/2025

XX

NY

ATR/QM Exempt

Loan Review Complete

07/09/2025

Resolved

9554743211

Credit

Hazard Insurance Missing or Defective

Missing Hazard Insurance for subject property located at: XX

20250711: Hazard Insurance

07/11/2025

20250714: Received Insurance

07/14/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186465

XX

XX

XX

7/XX/2025

XX

TN

ATR/QM Exempt

Loan Review Complete

07/17/2025

Resolved

92010186465-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186409

XX

XX

XX

7/XX/2025

XX

NY

ATR/QM Exempt

Loan Review Complete

07/17/2025

Resolved

92010186409-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010186613

XX

XX

XX

7/XX/2025

XX

TX

ATR/QM Exempt

Loan Review Complete

07/18/2025

Resolved

92010186613-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010187494

XX

XX

XX

7/XX/2025

XX

TX

ATR/QM Exempt

Loan Review Complete

07/30/2025

Resolved

9710420445

Credit

Background Check Missing or Defective

Missing criminal record on Background Report

20250731: Per NQM overlay borrower's criminal record is not required.

07/31/2025

C

A

C

A

C

A

A

A

N/A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010187950

XX

XX

XX

7/XX/2025

XX

NY

ATR/QM Exempt

Loan Review Complete

08/01/2025

Resolved

92010187950-01

Credit

No Credit Findings

The loan meets all applicable guidelines

A

A

A

A

A

A

A

A

N/A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400185965

XX

XX

XX

5/XX/2025

XX

NC

ATR/QM Exempt

Loan Review Complete

06/04/2025

Resolved

9304576837

Credit

Background Check Missing or Defective

Missing background Report for Guarantor: XX

20250609 fraud uploaded

06/09/2025

20250610: Received

06/10/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92300186511

XX

XX

XX

6/XX/2025

XX

TX

ATR/QM Exempt

Loan Review Complete

06/11/2025

Resolved

9354586097

Credit

Closing Documentation Missing or Defective

Missing Conveyance Deed from XX

20250613 deed uploaded

06/13/2025

20250613: Received

06/13/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92400185307

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

06/11/2025

Resolved

9354641446

Credit

Background Check Missing or Defective

Missing Background report for XX

6.12.25: Fraud

06/12/2025

20250612: Received

06/12/2025

D

A

D

A

D

A

A

A

N/A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

D

D

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92300186645

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

06/13/2025

Resolved

9374167737

Credit

Title Insurance Missing or Defective

Title in file is missing mortgagee clause. Please provide updated Title with Lender name followed by ISAOA

20250617: Title

06/17/2025

20250618: Received trailing docs

06/18/2025

C

A

C

A

C

A

A

A

N/A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92300186645

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

06/13/2025

Resolved

9374168275

Credit

Insufficient Assets to Close

$104,153.70 assets < $305,551.8 minimum liquidity required. Please provide additional assets.

6.17.2025: Assets

06/17/2025

20250617: Received trailing docs

06/17/2025

C

A

C

A

C

A

A

A

N/A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

C

C

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184994

XX

XX

XX

6/XX/2025

XX

FL

ATR/QM Exempt

Loan Review Complete

06/16/2025

Resolved

9384555365

Credit

Entity Documentation - Missing or Defective

Missing Operating Agreement and Articles of Organization  for Entity :  XX

20250618: operating agreement

06/18/2025

20250618: Received trailing docs

06/18/2025

D

B

D

A

D

B

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

92010184994

XX

XX

XX

6/XX/2025

XX

FL

ATR/QM Exempt

Loan Review Complete

06/16/2025

Resolved

9384581059

Credit

Background Check Missing or Defective

Missing Background Report

20250618: fraud

06/18/2025

20250618: Received trailing docs

06/18/2025

D

B

D

A

D

B

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

92010184994

XX

XX

XX

6/XX/2025

XX

FL

ATR/QM Exempt

Loan Review Complete

06/16/2025

Resolved

9384859215

Property

Hazard Insurance Missing or Defective

Missing Hazard Insurance for Subject Property Located At: XX

20250618: insurance

06/18/2025

20250618: Received trailing docs

06/18/2025

D

B

D

A

D

B

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

92010184994

XX

XX

XX

6/XX/2025

XX

FL

ATR/QM Exempt

Loan Review Complete

06/16/2025

Acknowledged

9385025112

Credit

Insufficient Assets for Reserves

Exception request: Please provide exception for DSCR Supreme reserves -5 months in lieu of 2 additional properties.

20250616: Exception approved in file

06/16/2025

20250616: Exception approval received

06/16/2025

FICO above the minimum by 20 points or higher, VOR 0X30 in 24 months (checks for private)

D

B

D

A

D

B

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

B

B

A

N/A

92010180308

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

06/16/2025

Resolved

9385434611

Credit

Entity Documentation - Missing or Defective

Missing Articles Of Organization for Entity :  XX

20250618: entity

06/18/2025

20250618: Received trailing doc

06/18/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010180308

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

06/16/2025

Resolved

9385480979

Credit

Background Check Missing or Defective

Missing Background Report for both borrowers.

20250618: fraud

06/18/2025

20250618: Received trailing doc

06/18/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010180308

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

06/16/2025

Resolved

9385990168

Property

Appraisal Missing or Defective

Missing Appraisal Report for property XX

20250618: appraisal

06/18/2025

20250619: Received

06/19/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010180308

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

06/16/2025

Resolved

9386095549

Property

Subject Property Lease - Missing or Defective

Missing Lease for subject property located at: XX

20250618: lease

06/18/2025

20250618: Received trailing doc

06/18/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010180308

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

06/16/2025

Resolved

9386155338

Property

Hazard Insurance Missing or Defective

Missing Hazard Insurance for Property Located at: XX

20250618: insurance

06/18/2025

20250618: Received trailing doc

06/18/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010182692

XX

XX

XX

6/XX/2025

XX

RI

ATR/QM Exempt

Loan Review Complete

06/19/2025

Resolved

9413896478

Credit

Background Check Missing or Defective

Missing Background Report For:XX

20250623: fraud

06/23/2025

20250623: Received trailing docs

06/23/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010182692

XX

XX

XX

6/XX/2025

XX

RI

ATR/QM Exempt

Loan Review Complete

06/19/2025

Resolved

9413975645

Property

Hazard Insurance Missing or Defective

Missing Hazard Insurance for Property Located at: XX

20250623: insurance

06/23/2025

20250623: Received trailing docs

06/23/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184459

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

06/19/2025

Resolved

9414011746

Credit

Background Check Missing or Defective

Missing Background Report  For Both Borrowers: XX

20250623: fraud

06/23/2025

20250623: Received trailing docs

06/23/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184556

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

06/19/2025

Resolved

9414035995

Credit

Background Check Missing or Defective

Missing Background Report  For Both Borrowers: XX

20250623: fraud

06/23/2025

20250624: Received trailing docs

06/24/2025

D

B

D

A

D

A

D

B

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

92010184556

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

06/19/2025

Acknolwedged

9414107845

Property

Ineligible Project – Litigation

Exception request: As per appraisal current owner is developer and owns all 4 units all the 4 loans with us 4 are tenant occupied. There is no pending litigation.

20250619: Exception approved in file

06/19/2025

20250619: Exception approval received

06/19/2025

FICO above the minimum by 20 points or higher, 6 months reserves greater than program requirements

D

B

D

A

D

A

D

B

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

92010184459

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

06/19/2025

Resolved

9414275875

Property

Appraisal Missing or Defective

Missing Appraisal for subject property: XX

20250623: appraisal

06/23/2025

20250623: Received trailing docs

06/23/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184556

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

06/19/2025

Resolved

9414281688

Property

Appraisal Missing or Defective

Missing Appraisal for subject property :XX

20250623: appraisal

06/23/2025

20250624: Received trailing docs

06/24/2025

D

B

D

A

D

A

D

B

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

B

A

B

N/A

92010184459

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

06/19/2025

Resolved

9414304951

Property

Hazard Insurance Missing or Defective

Missing Hazard Insurance for Property Located at:XX

20250623: insurance

06/23/2025

20250623: Received trailing docs

06/23/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010185400

XX

XX

XX

6/XX/2025

XX

CA

ATR/QM Exempt

Loan Review Complete

06/19/2025

Resolved

9414634427

Property

Subject Property Lease - Missing or Defective

Missing Executed Lease for subject property located at:XX

20250623: LEASE

06/23/2025

20250623: Received trailing docs

06/23/2025

D

A

D

A

A

A

D

A

N/A

N/A

D

A

D

N/A

D

A

D

N/A

D

A

D

N/A

D

A

D

N/A

D

A

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010185220

XX

XX

XX

6/XX/2025

XX

TX

ATR/QM Exempt

Loan Review Complete

06/20/2025

Resolved

9421446815

Property

Hazard Insurance Missing or Defective

Missing Hazard Insurance for Property Located at: XX

20250623: INSURANCE

06/23/2025

20250623: Received trailing docs

06/23/2025

D

A

D

A

A

A

D

A

N/A

N/A

D

A

D

N/A

D

A

D

N/A

D

A

D

N/A

D

A

D

N/A

D

A

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010182596

XX

XX

XX

6/XX/2025

XX

PA

ATR/QM Exempt

Loan Review Complete

06/23/2025

Resolved

9436313990

Credit

Background Check Missing or Defective

Missing Background Report For: XX

20250625: FRAUD

06/25/2025

20250626: Received trailing docs

06/26/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010182596

XX

XX

XX

6/XX/2025

XX

PA

ATR/QM Exempt

Loan Review Complete

06/23/2025

Resolved

9436407317

Property

Hazard Insurance Missing or Defective

Missing Hazard Insurance for Property Located at:XX

20250625: INSURANCE

06/25/2025

20250626: Received trailing docs

06/26/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010183111

XX

XX

XX

6/XX/2025

XX

TX

ATR/QM Exempt

Loan Review Complete

07/02/2025

Resolved

9504705218

Credit

Background Check Missing or Defective

Missing Background Report for: XX

20250703: Uploaded Fraud

07/03/2025

20250703: Received BG

07/03/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010183111

XX

XX

XX

6/XX/2025

XX

TX

ATR/QM Exempt

Loan Review Complete

07/02/2025

Resolved

9504708268

Property

Hazard Insurance Missing or Defective

Missing Hazard Insurance for subject property located at: XX

20250703: Insurance

07/03/2025

20250703: Received Insurance

07/03/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184330

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/02/2025

Resolved

9505149745

Credit

Entity Documentation - Missing or Defective

Missing Articles of Organization for Entity: XX

7.3.25: Articles

07/03/2025

20250703: Received Articles

07/03/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184330

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/02/2025

Resolved

9505151090

Credit

Background Check Missing or Defective

Missing Background Report for: XX

7.3.25: Fraud

07/03/2025

20250703: Received BG

07/03/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184330

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/02/2025

Resolved

9505179957

Property

Hazard Insurance Missing or Defective

Missing Hazard Insurance for subject property located at: XX

7.3.25: Insurance

07/03/2025

20250703: Received Insurance

07/03/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010184330

XX

XX

XX

6/XX/2025

XX

NJ

ATR/QM Exempt

Loan Review Complete

07/02/2025

Resolved

9505735087

Credit

Title Insurance Missing or Defective

Title lists two Unpaid Municipal Liens: In the amount of $1,568.33 and in the amount of $2,168.00. Please provide documentation confirming payoff

7.3.25: LOE

07/03/2025

20250703: Received title LOE

07/03/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010185858

XX

XX

XX

6/XX/2025

XX

CO

ATR/QM Exempt

Loan Review Complete

07/02/2025

Resolved

9505756667

Credit

Background Check Missing or Defective

Missing Background Report for: XX

20250703: Uploaded Fraud

07/03/2025

20250703: Received Fraud

07/03/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010185858

XX

XX

XX

6/XX/2025

XX

CO

ATR/QM Exempt

Loan Review Complete

07/02/2025

Resolved

9505757831

Property

Appraisal Missing or Defective

Missing Appraisal for subject property: XX

20250703: Uploaded Appraisal

07/03/2025

20250703: Received Appraisal

07/03/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

92010185858

XX

XX

XX

6/XX/2025

XX

CO

ATR/QM Exempt

Loan Review Complete

07/02/2025

Resolved

9505759479

Property

Appraisal Review - Missing

Missing Appraisal Review for subject property: XX

20250703: Uploaded with Appraisal

07/03/2025

20250703: Received appraisal review

07/03/2025

D

A

D

A

D

A

D

A

N/A

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

D

D

D

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A

A

A

A

N/A