EX-99.1 2 caf2021-1_ex991.htm REPORT OF INDEPENDENT ACCOUNTANTS ON APPLYING AGREED-UPON PROCEDURES
Exhibit 99.1

 
 

CoreVest American Finance 2021-1 Trust
Mortgage Pass-Through Certificates
Mortgage Loan and Sample Property Agreed-Upon Procedures


Report To:
CoreVest Purchaser 2, LLC
CoreVest American Finance Depositor LLC
Wells Fargo Securities, LLC
Morgan Stanley & Co. LLC
Goldman Sachs & Co. LLC
Piper Sandler & Co

13 April 2021
 
 





   
Ernst & Young LLP           Tel: +1 212 773 3000
5 Times Square                    ey.com
New York, NY  10036

Report of Independent Accountants on Applying Agreed-Upon Procedures


CoreVest Purchaser 2, LLC
CoreVest American Finance Depositor LLC
650 Fifth Avenue, Suite 2140
New York, New York 10019
Goldman Sachs & Co. LLC
200 West Street
New York, New York 10282
 
Wells Fargo Securities, LLC
30 Hudson Yards, 15th Floor
New York, New York 10001

Piper Sandler & Co.
1251 Avenue of the Americas, 6th Floor
New York, New York 10020

Morgan Stanley & Co. LLC
1585 Broadway, 4th Floor
New York, New York 10036


Re:
CoreVest American Finance 2021-1 Trust (the “Issuing Entity”)
Mortgage Pass-Through Certificates (the “Certificates”)
Mortgage Loan and Sample Property Agreed-Upon Procedures


Ladies and Gentlemen:

We have performed the procedures enumerated in Attachment A, which were agreed to by the addressees of this report (the “Specified Parties”), solely to assist the Specified Parties in evaluating the accuracy of certain information with respect to the Mortgage Loans and certain Mortgaged Properties (both as defined herein) relating to the Issuing Entity’s securitization transaction.  This agreed‑upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.  The sufficiency of the procedures is solely the responsibility of the Specified Parties.  Consequently, we make no representation regarding the sufficiency of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

The procedures performed and our associated findings are included in Attachment A.



 
 Page 2 of 3


For the purpose of the procedures described in this report, CoreVest Purchaser 2, LLC (“CoreVest”), on behalf of CoreVest American Finance Depositor LLC (the “Depositor”), provided us with:
a.
Certain electronic data files containing information relating to the Mortgage Loans (the “Mortgage Loan Data Files”) that are described in Attachment A,
b.
Certain electronic data files containing information relating to the Mortgaged Properties (the “Property Data Files,” together with the Mortgage Loan Data Files, the “Data Files”) that are described in Attachment A,
c.
Electronic copies of the files for the Mortgage Loans and certain Mortgaged Properties which contain copies of:
 
i.
Various source documents relating to the Mortgage Loans (the “Mortgage Loan Source Documents”) and
 
ii.
Appraisal or desktop review reports (collectively, the “Appraisals”) and/or broker price opinions (the “BPOs,” together with the Appraisals, the “Property Source Documents”) relating to certain Mortgaged Properties,
d.
An electronic data file labeled “MSA List by Zip Code v6.xlsx” (the “MSA Support File,” together with the Property Source Documents, the “Property Sources”) which contains metropolitan statistical area information for certain zip codes,
e.
A schedule (the “Property Sampling Schedule”), certain information from which is shown on Exhibit 2 to Attachment A, that CoreVest, on behalf of the Depositor, indicated contains a list of loan identification numbers (each, a “Loan ID”) corresponding to certain fixed-rate mortgage loans,
f.
A list of characteristics on the Property Data Files (the “Property Sample Characteristics”), which are described in Attachment A, that CoreVest, on behalf of the Depositor, instructed us to compare to information contained in the Property Sources,
g.
A list of characteristics on the Mortgage Loan Data Files (the “Compared Mortgage Loan Characteristics”), which are listed on Exhibit 5 to Attachment A, that CoreVest, on behalf of the Depositor, instructed us to compare to information contained in the Mortgage Loan Source Documents,
h.
A list of characteristics on the Data Files (the “Recalculated Characteristics”), which are described in Attachment A, that CoreVest, on behalf of the Depositor, instructed us to recalculate using information on the Data Files,
i.
A list of characteristics on the Mortgage Loan Data Files (the “Provided Mortgage Loan Characteristics”), which are listed on Exhibit 6 to Attachment A, on which CoreVest, on behalf of the Depositor, instructed us to perform no procedures,
j.
A draft of the preliminary confidential offering circular for the Issuing Entity’s securitization transaction (the “Draft Preliminary Offering Circular”) and
k.
Instructions, assumptions and methodologies, which are described in Attachment A.



 
 Page 3 of 3

The procedures included in Attachment A were limited to comparing or recalculating certain information that is further described in Attachment A.  The Depositor is responsible for the Data Files, Mortgage Loan Source Documents, Property Sources, Property Sampling Schedule, Property Sample Characteristics, Compared Mortgage Loan Characteristics, Recalculated Characteristics, Provided Mortgage Loan Characteristics, Draft Preliminary Offering Circular and the determination of the instructions, assumptions and methodologies that are described herein.  We were not requested to perform, and we have not performed, any procedures other than those listed in Attachment A with respect to the Data Files.  We have not verified, and we make no representation as to, the accuracy, completeness or reasonableness of the Mortgage Loan Source Documents, Property Sources, Property Sampling Schedule, Provided Mortgage Loan Characteristics, Draft Preliminary Offering Circular or any other information provided to us by CoreVest, on behalf of the Depositor, upon which we relied in forming our findings.  Accordingly, we make no representation and express no opinion or conclusion as to: (a) the existence of the Mortgage Loans and Mortgaged Properties, (b) questions of legal or tax interpretation and (c) the accuracy, completeness or reasonableness of any instructions, assumptions and methodologies provided to us by CoreVest, on behalf of the Depositor, that are described in this report.  We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

We were not engaged to, and did not, conduct an examination to express an opinion or a review to express a conclusion in accordance with attestation standards established by the American Institute of Certified Public Accountants on any of the items referred to herein.  Accordingly, we do not express such an opinion or conclusion.  Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

The agreed-upon procedures described in this report were not performed for the purpose of:
a.
Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization (a “rating agency”) or
b.
Making any findings with respect to:

i.
Whether the origination of the Mortgage Loans conformed to, or deviated from, stated underwriting or credit extension guidelines, standards, criteria, or other requirements,

ii.
The value of the collateral securing the Mortgage Loans,

iii.
Whether the originator(s) of the Mortgage Loans complied with federal, state or local laws or regulations or

iv.
Any other factor or characteristic of the Mortgage Loans or Mortgaged Properties would be material to the likelihood that the issuer of the Certificates will pay interest and principal in accordance with applicable terms and conditions.

This report is intended solely for the information and use of the Specified Parties and is not intended to be and should not be used by anyone other than the Specified Parties.  It is not intended to be and should not be used by any other person or entity, including investors and rating agencies, who are not identified in the report as Specified Parties, but who may have access to this report as required by law or regulation.


/s/ Ernst & Young LLP

13 April 2021



 
Attachment A
 Page 1 of 9

Background

For the purpose of the procedures described in this report, CoreVest, on behalf of the Depositor, indicated that:
a.
The primary assets of the Issuing Entity will be 61 fixed-rate mortgage loans (the “Mortgage Loans”) and
b.
The Mortgage Loans are secured by first liens on 2,253 mortgaged properties (the “Mortgaged Properties”) which consist of:
i.
1,470 single-family residential properties,
ii.
321 townhomes,
iii.
248 2-4 unit residential properties,
iv.
146 condominiums,
v.
59 multifamily properties and
vi.
9 mixed use properties.

Procedures performed and our associated findings

1.
CoreVest, on behalf of the Depositor, provided us with electronic data files:
a.
Labeled “Active Term Data Tape 2021-1 v37 – sent to EY.xlsx” and the corresponding record layout and decode information (“Preliminary Property Data File 1”) that CoreVest, on behalf of the Depositor, indicated contains information relating to 1,136 mortgaged properties (the “Preliminary Properties 1”) that secure 17 mortgage loans (the “Preliminary Mortgage Loans 1”),
b.
Labeled “Active Term Data Tape 2021-1 v67 – SENT TO EY.xlsx” and the corresponding record layout and decode information (“Preliminary Property Data File 2”) that CoreVest, on behalf of the Depositor, indicated contains information relating to 1,764 mortgaged properties (the “Preliminary Properties 2”) that secure 42 mortgage loans (the “Preliminary Mortgage Loans 2”) and
c.
Labeled “Active Term Data Tape 2021-1 v84 - SENT TO EY.xlsx” and the corresponding record layout and decode information (“Preliminary Property Data File 3,” together with Preliminary Property Data File 1 and Preliminary Property Data File 2, the “Preliminary Property Data Files,” which together with the Final Property Data File (as defined herein) comprise the Property Data Files) that CoreVest, on behalf of the Depositor, indicated contains information relating to 2,253 mortgaged properties (the “Preliminary Properties 3,” together with the Preliminary Properties 1 and Preliminary Properties 2, the “Preliminary Properties”) that secure 61 mortgage loans (the “Preliminary Mortgage Loans 3,” together with the Preliminary Mortgage Loans 1 and Preliminary Mortgage Loans 2, the “Preliminary Mortgage Loans”).

As instructed by CoreVest, on behalf of the Depositor, we selected a sample of:
a.
Preliminary Properties 1 from Preliminary Property Data File 1,
b.
Preliminary Properties 2 from Preliminary Property Data File 2 and
c.
Preliminary Properties 3 from Preliminary Property Data File 3
using the sample selection methodology provided by CoreVest, on behalf of the Depositor, that is described in the succeeding paragraph(s) of this Item.


 
Attachment A
 Page 2 of 9

1. (continued)

For each of the:
a.
17 Preliminary Mortgage Loans 1,
b.
25 Preliminary Mortgage Loans 2 and
c.
19 Preliminary Mortgage Loans 3
listed on the Property Sampling Schedule, CoreVest, on behalf of the Depositor, instructed us to:
i.
Multiply 25% by the number of Preliminary Properties which secure such Preliminary Mortgage Loan,
ii.
Round the value computed in i. above up to the nearest integer and
iii.
Select a random sample of Preliminary Properties from the applicable Preliminary Property Data File equal to the number computed in ii. above from the population of Preliminary Properties which:
1)
Secure such Preliminary Mortgage Loan and
2)
Have “Y” for the “parent Y/N” characteristic, as shown on the applicable Preliminary Property Data File.

The application of the sample selection methodology described in the preceding paragraph of this Item resulted in the selection of:
a.
353 Preliminary Properties 1 from Preliminary Property Data File 1 (the “Sample Properties 1”),
b.
209 Preliminary Properties 2 from Preliminary Property Data File 2 (the “Sample Properties 2”) and
c.
207 Preliminary Properties 3 from Preliminary Property Data File 3 (the “Sample Properties 3,” together with the Sample Properties 1 and Sample Properties 2, the “Sample Properties”).

The Sample Properties are shown on Exhibit 1 to Attachment A.  For the purpose of this procedure, CoreVest, on behalf of the Depositor, did not inform us as to the basis for the instructions or methodology they instructed us to use to select the Sample Properties from the Preliminary Property Data Files or the basis for the inclusion of the:
a.
17 Preliminary Mortgage Loans 1,
b.
25 Preliminary Mortgage Loans 2 and
c.
19 Preliminary Mortgage Loans 3
on the Property Sampling Schedule.  We performed no procedures relating to any Preliminary Mortgage Loan that was not included on the Property Sampling Schedule.

For the purpose of the procedures described in this report, the:
a.
353 Sample Properties 1 are referred to as Sample Property Numbers 1 through 353,
b.
209 Sample Properties 2 are referred to as Sample Property Numbers 354 through 562 and
c.
207 Sample Properties 3 are referred to as Sample Property Numbers 563 through 769.


 
Attachment A
 Page 3 of 9


2.
For each Sample Property, we compared the characteristics listed on Exhibit 3 to Attachment A (the “Base Property Sample Characteristics”), as shown on the applicable Preliminary Property Data File, to the corresponding information located in the Property Source Documents that were provided by CoreVest, on behalf of the Depositor, subject to the instructions, assumptions and methodologies provided by CoreVest, on behalf of the Depositor, that are described in the notes to Exhibit 3 to Attachment A.  The Property Source Document(s) that we were instructed by CoreVest, on behalf of the Depositor, to use for each Base Property Sample Characteristic are indicated on Exhibit 3 to Attachment A.  Except for the information shown on Exhibit 4 to Attachment A, all such compared information was in agreement.

3.
CoreVest, on behalf of the Depositor, provided us with an electronic data file labeled “Active Term Data Tape 2021-1 v91 - SENT TO EY.xlsx” and the corresponding record layout and decode information (the “Final Property Data File”) that CoreVest, on behalf of the Depositor, indicated contains information relating to the Mortgage Loans and Mortgaged Properties as of the related due date of each Mortgage Loan in April 2021 (the “Cut-Off Date”).

We compared the property identification number (the “Property ID”) for each Sample Property, as shown on the applicable Preliminary Property Data File, to the corresponding Property ID, as shown on the Final Property Data File, and noted that:
a.
767 of the Mortgaged Properties included on the Final Property Data File were Sample Properties (the “Final Sample Properties”) and
b.
Two Sample Properties were not included on the Final Property Data File (the “Removed Sample Properties”), which are shown on Exhibit 1 to Attachment A.

For the purpose of performing the comparison described above, CoreVest, on behalf of the Depositor, provided the decode table shown below, and instructed us to use the value shown in the “Updated Property ID” column for each Sample Property which corresponds to the “Property ID” that is shown in the “Property ID” column.

 
Property ID
Updated Property ID
Property ID
Updated Property ID
         
 
34505-417
34505-131
34728-37
34728-36
 
34728-19
34728-18
34728-38
34728-37
 
34728-24
34728-23
34728-41
34728-40
 
34728-25
34728-24
34728-43
34728-42
 
34728-34
34728-33
34728-45
34728-44

4.
For each Final Sample Property, we compared the Base Property Sample Characteristics listed on Exhibit 3 to Attachment A, as shown on the Final Property Data File, to the corresponding information that we identified in performing the procedures described in Item 2.  All such compared information was in agreement.

For the purpose of the procedures described in this Item, all references to the “Sample Properties” in the notes to Exhibit 3 to Attachment A refer to the “Final Sample Properties.”


 
Attachment A
 Page 4 of 9

5.
For each Mortgaged Property, we compared the “closest MSA” characteristic (the “Closest MSA Property Sample Characteristic,” which together with the Base Property Sample Characteristics comprise the Property Sample Characteristics), as shown on the Final Property Data File, to the metropolitan statistical area information on the MSA Support File for the corresponding “zip code,” as shown on the Final Property Data File.  All such compared information was in agreement.

6.
CoreVest, on behalf of the Depositor, provided us with an electronic data file and the corresponding record layout and decode information (the “Preliminary Mortgage Loan Data File”) that CoreVest, on behalf of the Depositor, indicated contains information relating to the Mortgage Loans as of the Cut‑Off Date.

For each Mortgage Loan on the Preliminary Mortgage Loan Data File, we compared the Compared Mortgage Loan Characteristics listed on Exhibit 5 to Attachment A, as shown on the Preliminary Mortgage Loan Data File, to the corresponding information located in the Mortgage Loan Source Documents that were provided by CoreVest, on behalf of the Depositor, subject to the instructions, assumptions and methodologies stated in the notes to Exhibit 5 to Attachment A and the succeeding paragraph(s) of this Item.

The Mortgage Loan Source Document(s) that CoreVest, on behalf of the Depositor, instructed us to use for each Compared Mortgage Loan Characteristic are indicated on Exhibit 5 to Attachment A.  If more than one Mortgage Loan Source Document is listed for a Compared Mortgage Loan Characteristic, CoreVest, on behalf of the Depositor, instructed us to note agreement if the value on the Preliminary Mortgage Loan Data File for the Compared Mortgage Loan Characteristic agreed with the corresponding information on at least one of the Mortgage Loan Source Documents that are listed for such Compared Mortgage Loan Characteristic on Exhibit 5 to Attachment A (except as described in the notes to Exhibit 5 to Attachment A).  We performed no procedures to reconcile any differences that may exist between various Mortgage Loan Source Documents for any of the Compared Mortgage Loan Characteristics listed on Exhibit 5 to Attachment A.

7.
As instructed by CoreVest, on behalf of the Depositor, we adjusted the information on the Preliminary Mortgage Loan Data File to correct all the differences we noted in performing the procedures described in the Item above and provided a list of such differences to CoreVest.  The Preliminary Mortgage Loan Data File, as so adjusted, is hereinafter referred to as the “Updated Mortgage Loan Data File.”


 
Attachment A
 Page 5 of 9

8.
Subsequent to the performance of the procedures described in Items 6. and 7. above, CoreVest, on behalf of the Depositor, provided us with an electronic data file and the corresponding record layout and decode information (the “Final Mortgage Loan Data File,” which together with the Preliminary Mortgage Loan Data File comprise the Mortgage Loan Data Files) that CoreVest, on behalf of the Depositor, indicated contains information relating the Mortgage Loans as of the Cut‑Off Date.

Using information on the:
a.
Final Mortgage Loan Data File and
b.
Updated Mortgage Loan Data File
for each Mortgage Loan, we compared each Compared Mortgage Loan Characteristic listed on Exhibit 5 to Attachment A, as shown on the Final Mortgage Loan Data File, to the corresponding information on the Updated Mortgage Loan Data File.  All such compared information was in agreement.

9.
Using the:
a.
First Payment Date and
b.
Initial Maturity Date,
as shown on the Final Mortgage Loan Data File, we recalculated the “Original Term to Maturity (months)” of each Mortgage Loan.  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

10.
Using the:
a.
Mortgage Loan Initial Funded Amount ($),
b.
Interest Rate (adjusted as described in the succeeding paragraph(s) of this Item, as applicable) and
c.
Monthly Debt Service ($),
as shown on the Final Mortgage Loan Data File, and assuming that each Mortgage Loan has a fixed level monthly payment, we recalculated the “Original Amortization Term (months)” of each Mortgage Loan (except for any Interest Only Mortgage Loan (as defined herein)), which are described in the succeeding paragraph(s) of this Item).  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

For the purpose of the “Original Amortization Term (months)” recalculation described above for each Mortgage Loan (except for any Interest Only Mortgage Loan), all of which have an “Interest Rate Accrual” of “Actual/360,” as shown on the Final Mortgage Loan Data File, CoreVest, on behalf of the Depositor, instructed us to divide the “Interest Rate,” as shown on the Final Mortgage Loan Data File, by twelve (12) and then multiply by a fraction equal to 365/360.

For any Interest Only Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A” for the “Original Amortization Term (months)” characteristic.

We performed no procedures to determine the accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by CoreVest, on behalf of the Depositor, that are described in the preceding paragraph(s) of this Item.


 
Attachment A
 Page 6 of 9

11.
Using the “First Payment Date,” as shown on the Final Mortgage Loan Data File, we recalculated the “Seasoning (months)” of each Mortgage Loan as of the Cut‑Off Date.  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

12.
Using the:
a.
Mortgage Loan Initial Funded Amount ($),
b.
Interest Rate Accrual,
c.
Seasoning (months),
d.
IO Term (months),
e.
First Payment Date,
f.
Initial Maturity Date,
g.
Interest Rate and
h.
Monthly Debt Service ($),
as shown on the Final Mortgage Loan Data File, we recalculated the principal balance of each Mortgage Loan as of:
i.
The Cut‑Off Date (the “Cut-Off Date Principal Balance”) and
ii.
The “Initial Maturity Date” of the Mortgage Loan (the “Maturity Date Balance”),
assuming all scheduled payments of principal and/or interest on the Mortgage Loans are made and that there are no prepayments or other unscheduled collections.  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to:
a.
Ignore differences of +/- $1.00 or less and
b.
Recalculate the “Maturity Date Balance” as the aggregate principal balance that is scheduled to be paid on the “Initial Maturity Date” of the Mortgage Loan, including any principal component of the related “Monthly Debt Service ($),” as shown on the Final Mortgage Loan Data File, on the “Initial Maturity Date.”

We performed no procedures to determine the accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by CoreVest, on behalf of the Depositor, that are described in the preceding paragraph(s) of this Item.

13.
Using the “Cut-Off Date Principal Balance,” as shown on the Final Mortgage Loan Data File, we recalculated the “% of Pool” of each Mortgage Loan.  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

14.
Using the:
a.
Original Term to Maturity (months) and
b.
Seasoning (months),
as shown on the Final Mortgage Loan Data File, we recalculated the “Remaining Term (months)” of each Mortgage Loan.  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.


 
Attachment A
 Page 7 of 9

15.
Using the
a.
IO Term (months),
b.
Original Amortization Term (months) and
c.
Seasoning (months),
as shown on the Final Mortgage Loan Data File, we recalculated the “Remaining Amortization Term (months)” of each Mortgage Loan (except for any Interest Only Mortgage Loan, which are described in the succeeding paragraph(s) of this Item).  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

For any Interest Only Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A” for the “Remaining Amortization Term (months)” characteristic.

16.
Using the:
a.
IO Term (months) and
b.
Seasoning (months),
as shown on the Final Mortgage Loan Data File, we recalculated the “Remaining IO Term (months)” of each Mortgage Loan (except for any Amortizing Balloon Mortgage Loan (as defined herein), which are described in the succeeding paragraph(s) of this Item).  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

For any Amortizing Balloon Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A” for the “Remaining IO Term (months)” characteristic.

17.
Using the “Monthly Debt Service ($),” as shown on the Final Mortgage Loan Data File, we recalculated the “Annualized Debt Service Payment ($)” of each Mortgage Loan as twelve (12) times the “Monthly Debt Service ($),” as shown on the Final Mortgage Loan Data File.  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

18.
Using the:
a.
Servicing Fee Rate,
b.
Trustee/Note Administrator Fee Rate and
c.
CREFC® License Fee Rate,
as shown on the Final Mortgage Loan Data File, we recalculated the “Administrative Fee Rate” of each Mortgage Loan.  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

19.
Using the:
a.
Interest Rate and
b.
Administrative Fee Rate,
as shown on the Final Mortgage Loan Data File, we recalculated the “Net Mortgage Rate” of each Mortgage Loan.  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.


 
Attachment A
 Page 8 of 9

20.
Using:
a.
Information on the Final Mortgage Loan Data File and
b.
The applicable calculation methodologies and assumptions described in the Draft Preliminary Offering Circular,
we recalculated the:
i.
Mortgage Loan UW NOI DSCR,
ii.
Mortgage Loan UW NCF DSCR,
iii.
NOI DSCR as of 3/31,
iv.
NCF DSCR as of 3/31,
v.
Mortgage Loan Cutoff NOI Debt Yield,
vi.
Mortgage Loan Cutoff NCF Debt Yield,
vii.
NCF Debt Yield as of 3/31,
viii.
Origination Date LTV Ratio,
ix.
Cut-Off Date LTV Ratio and
x.
Maturity Date LTV Ratio
of each Mortgage Loan.  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.  For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to round the characteristics listed in i. through iv. above to two decimal places and the characteristics listed in v. through x. above to the nearest 1/10th of one percent.

21.
Using the:
a.
Original Yield Maintenance Period and
b.
Seasoning (months),
as shown on the Final Mortgage Loan Data File, we recalculated the “Current Yield Maintenance Period” of each Yield Maintenance Mortgage Loan (as defined herein).  We compared this recalculated information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.

For any Mortgage Loan that is not a Yield Maintenance Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A” for the “Current Yield Maintenance Period” characteristic.

22.
Using the “Guarantor,” as shown on the Final Mortgage Loan Data File, we identified those Mortgage Loans that have at least one common “Guarantor” (the “Related Guarantor Loans”).  We compared the “Related Guarantor Loan” information to the corresponding information on the Final Mortgage Loan Data File and found such information to be in agreement.


 
Attachment A
 Page 9 of 9

23.
For each Mortgaged Property (except for the Mortgaged Properties securing the Mortgage Loans identified on the Preliminary Mortgage Loan Data File with Loan IDs of “34505” (the “34505 Mortgage Loan”), “34728” (the “34728 Mortgage Loan”) and “34182” (the “34182 Mortgage Loan”), which are described in the succeeding paragraph(s) of this Item), we compared the “Closing Date Allocated Loan Amount” characteristic, as shown on the Final Property Data File, to the corresponding information in the loan agreement Mortgage Loan Source Document for the related Mortgage Loan and found all such compared information to be in agreement.  For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to ignore differences of +/- $1.00 or less.

For the 34505 Mortgage Loan, 34728 Mortgage Loan and 34182 Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to compare the “Closing Date Allocated Loan Amount” characteristic, as shown on the Final Property Data File, to the corresponding information in the underwriting summary Mortgage Loan Source Document for the related Mortgage Loan and found all such compared information to be in agreement.  For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to ignore differences of +/- $1.00 or less.

24.
Using the “Closing Date Allocated Loan Amount,” as shown on the Final Property Data File, we recalculated the “Allocated Loan Amount %” of each Mortgaged Property.  We compared this recalculated information to the corresponding information on the Final Property Data File and found such information to be in agreement.

25.
Using the:
a.
Cut-Off Date Principal Balance and
b.
Maturity Date Balance,
as shown on the Final Mortgage Loan Data File, and the “Closing Date Allocated Loan Amount,” as shown on the Final Property Data File, we recalculated the principal balance of each Mortgaged Property as of the Cut-Off Date (the “Cut-Off Date Allocated Loan Amount”) and as of the “Initial Maturity Date” of the related Mortgage Loan (the “Maturity Date Allocated Loan Amount”), based on the calculation methodology provided by CoreVest, on behalf of the Depositor, that is described in the succeeding paragraph(s) of this Item.  We compared this recalculated information to the corresponding information on the Final Property Data File and found such information to be in agreement.  For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to ignore differences of +/- $1.00 or less.

For the purpose of this procedure, CoreVest, on behalf of the Depositor, instructed us to allocate the “Cut-Off Date Principal Balance” and “Maturity Date Balance” of each Mortgage Loan, as shown on the Final Mortgage Loan Data File, to the respective Mortgaged Properties that secure such Mortgage Loan on a pro-rata basis using the “Mortgage Loan Initial Funded Amount ($)” of the Mortgage Loans, as shown on the Final Mortgage Loan Data File, and “Closing Date Allocated Loan Amount” of the Mortgaged Properties, as shown on the Final Property Data File.




Exhibit 1 to Attachment A
 Page 1 of 4


Sample
Property
Number      
Loan ID       
Property ID             
Sample
Properties 1         
Sample
Properties 2        
Sample
Properties 3        
Removed
Sample
Property         
Sample
Property
Number       
Loan ID       
Property ID             
Sample
Properties 1         
Sample
Properties 2        
Sample
Properties 3        
Removed
Sample
Property         
1
33242
33242-26
X
     
112
33442
33442-179
X
     
2
33242
33242-30
X
     
113
33491
33491-4
X
     
3
33242
33242-76
X
     
114
33491
33491-2
X
     
4
33242
33242-48
X
     
115
33491
33491-10
X
     
5
33242
33242-39
X
     
116
33638
33638-8
X
     
6
33242
33242-35
X
     
117
33638
33638-10
X
     
7
33242
33242-12
X
     
118
33638
33638-4
X
     
8
33242
33242-44
X
     
119
34182
34182-6
X
     
9
33242
33242-56
X
     
120
34182
34182-15
X
     
10
33242
33242-9
X
     
121
34182
34182-16
X
     
11
33242
33242-82
X
     
122
34182
34182-14
X
     
12
33242
33242-41
X
     
123
34182
34182-19
X
     
13
33242
33242-70
X
     
124
34182
34182-4
X
     
14
33242
33242-45
X
     
125
34182
34182-11
X
     
15
33242
33242-8
X
     
126
34182
34182-1
X
     
16
33242
33242-15
X
     
127
34182
34182-9
X
     
17
33242
33242-55
X
     
128
34182
34182-3
X
     
18
33242
33242-33
X
     
129
34182
34182-10
X
     
19
33242
33242-67
X
     
130
34182
34182-13
X
     
20
33242
33242-29
X
     
131
34182
34182-12
X
     
21
33242
33242-21
X
     
132
34182
34182-8
X
     
22
33389
33389-3
X
     
133
34182
34182-17
X
     
23
33389
33389-9
X
     
134
34182
34182-5
X
     
24
33389
33389-7
X
     
135
34182
34182-18
X
     
25
33389
33389-4
X
     
136
34182
34182-7
X
     
26
33389
33389-6
X
     
137
34182
34182-2
X
     
27
33389
33389-1
X
     
138
34187
34187-17
X
     
28
33389
33389-8
X
     
139
34187
34187-7
X
     
29
33389
33389-2
X
     
140
34187
34187-13
X
     
30
33442
33442-224
X
   
X
141
34187
34187-19
X
     
31
33442
33442-37
X
     
142
34187
34187-12
X
     
32
33442
33442-53
X
     
143
34187
34187-2
X
     
33
33442
33442-108
X
     
144
34187
34187-20
X
     
34
33442
33442-190
X
     
145
34305
34305-14
X
     
35
33442
33442-222
X
     
146
34305
34305-8
X
     
36
33442
33442-3
X
     
147
34305
34305-6
X
     
37
33442
33442-204
X
     
148
34305
34305-12
X
     
38
33442
33442-46
X
     
149
34305
34305-17
X
     
39
33442
33442-214
X
     
150
34305
34305-3
X
     
40
33442
33442-235
X
     
151
34305
34305-13
X
     
41
33442
33442-136
X
     
152
34305
34305-2
X
     
42
33442
33442-221
X
     
153
34407
34407-3
X
     
43
33442
33442-161
X
     
154
34407
34407-2
X
     
44
33442
33442-199
X
     
155
34407
34407-4
X
     
45
33442
33442-148
X
     
156
34418
34418-49
X
     
46
33442
33442-109
X
     
157
34418
34418-26
X
     
47
33442
33442-227
X
     
158
34418
34418-20
X
     
48
33442
33442-43
X
     
159
34418
34418-4
X
     
49
33442
33442-138
X
     
160
34418
34418-64
X
     
50
33442
33442-60
X
   
X
161
34418
34418-1
X
     
51
33442
33442-2
X
     
162
34418
34418-47
X
     
52
33442
33442-229
X
     
163
34418
34418-43
X
     
53
33442
33442-10
X
     
164
34418
34418-55
X
     
54
33442
33442-126
X
     
165
34418
34418-25
X
     
55
33442
33442-147
X
     
166
34418
34418-8
X
     
56
33442
33442-159
X
     
167
34418
34418-40
X
     
57
33442
33442-99
X
     
168
34418
34418-14
X
     
58
33442
33442-24
X
     
169
34418
34418-63
X
     
59
33442
33442-27
X
     
170
34418
34418-19
X
     
60
33442
33442-56
X
     
171
34418
34418-15
X
     
61
33442
33442-240
X
     
172
34418
34418-34
X
     
62
33442
33442-243
X
     
173
34418
34418-58
X
     
63
33442
33442-50
X
     
174
34494
34494-9
X
     
64
33442
33442-218
X
     
175
34494
34494-2
X
     
65
33442
33442-238
X
     
176
34494
34494-3
X
     
66
33442
33442-157
X
     
177
34494
34494-6
X
     
67
33442
33442-39
X
     
178
34505
34505-437
X
     
68
33442
33442-228
X
     
179
34505
34505-34
X
     
69
33442
33442-94
X
     
180
34505
34505-302
X
     
70
33442
33442-25
X
     
181
34505
34505-182
X
     
71
33442
33442-239
X
     
182
34505
34505-186
X
     
72
33442
33442-141
X
     
183
34505
34505-87
X
     
73
33442
33442-198
X
     
184
34505
34505-181
X
     
74
33442
33442-96
X
     
185
34505
34505-314
X
     
75
33442
33442-160
X
     
186
34505
34505-387
X
     
76
33442
33442-115
X
     
187
34505
34505-130
X
     
77
33442
33442-154
X
     
188
34505
34505-183
X
     
78
33442
33442-133
X
     
189
34505
34505-370
X
     
79
33442
33442-33
X
     
190
34505
34505-242
X
     
80
33442
33442-5
X
     
191
34505
34505-132
X
     
81
33442
33442-132
X
     
192
34505
34505-214
X
     
82
33442
33442-163
X
     
193
34505
34505-320
X
     
83
33442
33442-137
X
     
194
34505
34505-23
X
     
84
33442
33442-237
X
     
195
34505
34505-223
X
     
85
33442
33442-92
X
     
196
34505
34505-79
X
     
86
33442
33442-130
X
     
197
34505
34505-356
X
     
87
33442
33442-36
X
     
198
34505
34505-432
X
     
88
33442
33442-105
X
     
199
34505
34505-279
X
     
89
33442
33442-140
X
     
200
34505
34505-162
X
     
90
33442
33442-169
X
     
201
34505
34505-210
X
     
91
33442
33442-32
X
     
202
34505
34505-149
X
     
92
33442
33442-186
X
     
203
34505
34505-309
X
     
93
33442
33442-48
X
     
204
34505
34505-91
X
     
94
33442
33442-142
X
     
205
34505
34505-80
X
     
95
33442
33442-74
X
     
206
34505
34505-339
X
     
96
33442
33442-11
X
     
207
34505
34505-170
X
     
97
33442
33442-61
X
     
208
34505
34505-411
X
     
98
33442
33442-121
X
     
209
34505
34505-389
X
     
99
33442
33442-122
X
     
210
34505
34505-313
X
     
100
33442
33442-120
X
     
211
34505
34505-174
X
     
101
33442
33442-171
X
     
212
34505
34505-433
X
     
102
33442
33442-101
X
     
213
34505
34505-417
X
     
103
33442
33442-226
X
     
214
34505
34505-341
X
     
104
33442
33442-168
X
     
215
34505
34505-262
X
     
105
33442
33442-123
X
     
216
34505
34505-449
X
     
106
33442
33442-175
X
     
217
34505
34505-386
X
     
107
33442
33442-153
X
     
218
34505
34505-197
X
     
108
33442
33442-230
X
     
219
34505
34505-286
X
     
109
33442
33442-184
X
     
220
34505
34505-108
X
     
110
33442
33442-246
X
     
221
34505
34505-47
X
     
111
33442
33442-45
X
     
222
34505
34505-211
X
     



Exhibit 1 to Attachment A
 Page 2 of 4

Sample
Property
Number      
Loan ID       
Property ID             
Sample
Properties 1         
Sample
Properties 2        
Sample
Properties 3        
Removed
Sample
Property         
Sample
Property
Number       
Loan ID       
Property ID             
Sample
Properties 1         
Sample
Properties 2        
Sample
Properties 3        
Removed
Sample
Property         
223
34505
34505-145
X
     
334
34729
34729-35
X
     
224
34505
34505-236
X
     
335
34729
34729-13
X
     
225
34505
34505-3
X
     
336
34729
34729-19
X
     
226
34505
34505-414
X
     
337
34729
34729-58
X
     
227
34505
34505-59
X
     
338
34735
34735-4
X
     
228
34505
34505-201
X
     
339
34735
34735-10
X
     
229
34505
34505-143
X
     
340
34735
34735-1
X
     
230
34505
34505-335
X
     
341
34735
34735-6
X
     
231
34505
34505-266
X
     
342
34735
34735-7
X
     
232
34505
34505-135
X
     
343
34735
34735-13
X
     
233
34505
34505-84
X
     
344
34735
34735-3
X
     
234
34505
34505-75
X
     
345
34735
34735-12
X
     
235
34505
34505-410
X
     
346
34735
34735-11
X
     
236
34505
34505-374
X
     
347
34735
34735-9
X
     
237
34505
34505-205
X
     
348
34936
34936-19
X
     
238
34505
34505-164
X
     
349
34936
34936-8
X
     
239
34505
34505-103
X
     
350
34936
34936-5
X
     
240
34505
34505-337
X
     
351
34936
34936-7
X
     
241
34505
34505-225
X
     
352
34936
34936-11
X
     
242
34505
34505-140
X
     
353
34936
34936-18
X
     
243
34505
34505-443
X
     
354
33219
33219-13
 
X
   
244
34505
34505-246
X
     
355
33219
33219-6
 
X
   
245
34505
34505-267
X
     
356
33219
33219-10
 
X
   
246
34505
34505-4
X
     
357
33219
33219-1
 
X
   
247
34505
34505-217
X
     
358
33219
33219-19
 
X
   
248
34505
34505-364
X
     
359
33219
33219-18
 
X
   
249
34505
34505-115
X
     
360
33294
33294-1
 
X
   
250
34505
34505-54
X
     
361
33294
33294-3
 
X
   
251
34505
34505-377
X
     
362
33294
33294-6
 
X
   
252
34505
34505-407
X
     
363
33294
33294-5
 
X
   
253
34505
34505-395
X
     
364
33294
33294-9
 
X
   
254
34505
34505-89
X
     
365
33294
33294-4
 
X
   
255
34505
34505-396
X
     
366
33294
33294-7
 
X
   
256
34505
34505-287
X
     
367
33294
33294-2
 
X
   
257
34505
34505-344
X
     
368
33294
33294-8
 
X
   
258
34505
34505-104
X
     
369
33494
33494-5
 
X
   
259
34505
34505-256
X
     
370
33494
33494-7
 
X
   
260
34505
34505-46
X
     
371
33494
33494-9
 
X
   
261
34505
34505-385
X
     
372
33494
33494-2
 
X
   
262
34505
34505-78
X
     
373
33556
33556-5
 
X
   
263
34505
34505-222
X
     
374
33556
33556-6
 
X
   
264
34505
34505-365
X
     
375
33556
33556-10
 
X
   
265
34505
34505-136
X
     
376
33556
33556-12
 
X
   
266
34505
34505-431
X
     
377
33556
33556-4
 
X
   
267
34505
34505-381
X
     
378
33556
33556-2
 
X
   
268
34505
34505-129
X
     
379
33556
33556-8
 
X
   
269
34505
34505-390
X
     
380
33556
33556-11
 
X
   
270
34505
34505-58
X
     
381
33766
33766-69
 
X
   
271
34505
34505-105
X
     
382
33766
33766-24
 
X
   
272
34505
34505-315
X
     
383
33766
33766-49
 
X
   
273
34505
34505-62
X
     
384
33766
33766-11
 
X
   
274
34505
34505-317
X
     
385
33766
33766-60
 
X
   
275
34505
34505-10
X
     
386
33766
33766-15
 
X
   
276
34505
34505-376
X
     
387
33766
33766-9
 
X
   
277
34505
34505-70
X
     
388
33766
33766-25
 
X
   
278
34505
34505-366
X
     
389
33766
33766-1
 
X
   
279
34505
34505-272
X
     
390
33766
33766-53
 
X
   
280
34505
34505-141
X
     
391
33766
33766-41
 
X
   
281
34505
34505-229
X
     
392
33766
33766-70
 
X
   
282
34505
34505-238
X
     
393
33766
33766-56
 
X
   
283
34505
34505-284
X
     
394
33766
33766-42
 
X
   
284
34505
34505-92
X
     
395
33766
33766-46
 
X
   
285
34505
34505-438
X
     
396
33766
33766-35
 
X
   
286
34505
34505-15
X
     
397
33766
33766-10
 
X
   
287
34505
34505-193
X
     
398
33766
33766-63
 
X
   
288
34505
34505-311
X
     
399
34123
34123-14
 
X
   
289
34505
34505-155
X
     
400
34123
34123-30
 
X
   
290
34505
34505-233
X
     
401
34123
34123-4
 
X
   
291
34505
34505-303
X
     
402
34123
34123-7
 
X
   
292
34505
34505-312
X
     
403
34123
34123-34
 
X
   
293
34505
34505-353
X
     
404
34123
34123-12
 
X
   
294
34505
34505-118
X
     
405
34123
34123-2
 
X
   
295
34626
34626-12
X
     
406
34123
34123-16
 
X
   
296
34626
34626-19
X
     
407
34123
34123-25
 
X
   
297
34626
34626-13
X
     
408
34123
34123-8
 
X
   
298
34626
34626-2
X
     
409
34436
34436-10
 
X
   
299
34626
34626-28
X
     
410
34436
34436-23
 
X
   
300
34626
34626-21
X
     
411
34436
34436-14
 
X
   
301
34626
34626-5
X
     
412
34436
34436-28
 
X
   
302
34626
34626-25
X
     
413
34436
34436-17
 
X
   
303
34626
34626-22
X
     
414
34436
34436-6
 
X
   
304
34626
34626-3
X
     
415
34436
34436-15
 
X
   
305
34626
34626-15
X
     
416
34457
34457-31
 
X
   
306
34626
34626-16
X
     
417
34457
34457-40
 
X
   
307
34626
34626-18
X
     
418
34457
34457-32
 
X
   
308
34626
34626-27
X
     
419
34457
34457-18
 
X
   
309
34728
34728-8
X
     
420
34457
34457-13
 
X
   
310
34728
34728-19
X
     
421
34457
34457-30
 
X
   
311
34728
34728-1
X
     
422
34457
34457-37
 
X
   
312
34728
34728-38
X
     
423
34457
34457-15
 
X
   
313
34728
34728-34
X
     
424
34457
34457-27
 
X
   
314
34728
34728-43
X
     
425
34457
34457-26
 
X
   
315
34728
34728-25
X
     
426
34457
34457-14
 
X
   
316
34728
34728-45
X
     
427
34457
34457-28
 
X
   
317
34728
34728-37
X
     
428
34514
34514-5
 
X
   
318
34728
34728-4
X
     
429
34514
34514-6
 
X
   
319
34728
34728-14
X
     
430
34514
34514-2
 
X
   
320
34728
34728-24
X
     
431
34514
34514-9
 
X
   
321
34728
34728-41
X
     
432
34514
34514-3
 
X
   
322
34729
34729-60
X
     
433
34514
34514-10
 
X
   
323
34729
34729-7
X
     
434
34590
34590-1
 
X
   
324
34729
34729-21
X
     
435
34590
34590-7
 
X
   
325
34729
34729-59
X
     
436
34590
34590-2
 
X
   
326
34729
34729-55
X
     
437
34590
34590-6
 
X
   
327
34729
34729-25
X
     
438
34590
34590-4
 
X
   
328
34729
34729-2
X
     
439
34590
34590-9
 
X
   
329
34729
34729-31
X
     
440
34590
34590-10
 
X
   
330
34729
34729-22
X
     
441
34723
34723-7
 
X
   
331
34729
34729-51
X
     
442
34723
34723-13
 
X
   
332
34729
34729-12
X
     
443
34723
34723-11
 
X
   
333
34729
34729-18
X
     
444
34723
34723-12
 
X
   


Exhibit 1 to Attachment A
 Page 3 of 4

Sample
Property
Number      
Loan ID       
Property ID             
Sample
Properties 1         
Sample
Properties 2        
Sample
Properties 3        
Removed
Sample
Property         
Sample
Property
Number       
Loan ID       
Property ID             
Sample
Properties 1         
Sample
Properties 2        
Sample
Properties 3        
Removed
Sample
Property         
445
34723
34723-6
 
X
   
556
35327
35327-15
 
X
   
446
34723
34723-16
 
X
   
557
35421
35421-3
 
X
   
447
34723
34723-20
 
X
   
558
35421
35421-4
 
X
   
448
34723
34723-3
 
X
   
559
35421
35421-2
 
X
   
449
34802
34802-36
 
X
   
560
35421
35421-1
 
X
   
450
34802
34802-40
 
X
   
561
35441
35441-7
 
X
   
451
34802
34802-5
 
X
   
562
35441
35441-2
 
X
   
452
34802
34802-49
 
X
   
563
34343
34343-5
   
X
 
453
34802
34802-35
 
X
   
564
34343
34343-2
   
X
 
454
34802
34802-39
 
X
   
565
34343
34343-6
   
X
 
455
34802
34802-1
 
X
   
566
34631
34631-15
   
X
 
456
34802
34802-31
 
X
   
567
34631
34631-10
   
X
 
457
34802
34802-53
 
X
   
568
34631
34631-6
   
X
 
458
34802
34802-43
 
X
   
569
34631
34631-5
   
X
 
459
34802
34802-44
 
X
   
570
34631
34631-11
   
X
 
460
34802
34802-3
 
X
   
571
34631
34631-8
   
X
 
461
34802
34802-45
 
X
   
572
34631
34631-17
   
X
 
462
34802
34802-28
 
X
   
573
34672
34672-68
   
X
 
463
34805
34805-19
 
X
   
574
34672
34672-76
   
X
 
464
34805
34805-11
 
X
   
575
34672
34672-49
   
X
 
465
34805
34805-42
 
X
   
576
34672
34672-38
   
X
 
466
34805
34805-48
 
X
   
577
34672
34672-35
   
X
 
467
34805
34805-29
 
X
   
578
34672
34672-22
   
X
 
468
34805
34805-27
 
X
   
579
34672
34672-79
   
X
 
469
34805
34805-18
 
X
   
580
34672
34672-62
   
X
 
470
34805
34805-3
 
X
   
581
34672
34672-52
   
X
 
471
34805
34805-44
 
X
   
582
34672
34672-3
   
X
 
472
34805
34805-9
 
X
   
583
34672
34672-46
   
X
 
473
34805
34805-46
 
X
   
584
34672
34672-78
   
X
 
474
34805
34805-40
 
X
   
585
34672
34672-55
   
X
 
475
34805
34805-52
 
X
   
586
34672
34672-24
   
X
 
476
34805
34805-5
 
X
   
587
34672
34672-8
   
X
 
477
34807
34807-13
 
X
   
588
34672
34672-31
   
X
 
478
34807
34807-32
 
X
   
589
34672
34672-57
   
X
 
479
34807
34807-28
 
X
   
590
34672
34672-16
   
X
 
480
34807
34807-43
 
X
   
591
34672
34672-18
   
X
 
481
34807
34807-52
 
X
   
592
34672
34672-41
   
X
 
482
34807
34807-54
 
X
   
593
34672
34672-66
   
X
 
483
34807
34807-29
 
X
   
594
34706
34706-1
   
X
 
484
34807
34807-34
 
X
   
595
34706
34706-13
   
X
 
485
34807
34807-40
 
X
   
596
34706
34706-5
   
X
 
486
34807
34807-35
 
X
   
597
34706
34706-10
   
X
 
487
34807
34807-25
 
X
   
598
34706
34706-9
   
X
 
488
34807
34807-8
 
X
   
599
34706
34706-14
   
X
 
489
34807
34807-45
 
X
   
600
34706
34706-7
   
X
 
490
34807
34807-55
 
X
   
601
34706
34706-15
   
X
 
491
34808
34808-6
 
X
   
602
34706
34706-12
   
X
 
492
34808
34808-1
 
X
   
603
34706
34706-8
   
X
 
493
34808
34808-5
 
X
   
604
34706
34706-4
   
X
 
494
34808
34808-4
 
X
   
605
34706
34706-17
   
X
 
495
34808
34808-9
 
X
   
606
34706
34706-16
   
X
 
496
34887
34887-2
 
X
   
607
34929
34929-14
   
X
 
497
34887
34887-6
 
X
   
608
34929
34929-10
   
X
 
498
34887
34887-23
 
X
   
609
34929
34929-11
   
X
 
499
34887
34887-17
 
X
   
610
34929
34929-17
   
X
 
500
34887
34887-20
 
X
   
611
34929
34929-7
   
X
 
501
34887
34887-18
 
X
   
612
34929
34929-8
   
X
 
502
34887
34887-9
 
X
   
613
34929
34929-12
   
X
 
503
34887
34887-22
 
X
   
614
34929
34929-3
   
X
 
504
34887
34887-11
 
X
   
615
34929
34929-18
   
X
 
505
34887
34887-14
 
X
   
616
34929
34929-9
   
X
 
506
34887
34887-4
 
X
   
617
34929
34929-19
   
X
 
507
34887
34887-19
 
X
   
618
34929
34929-2
   
X
 
508
34887
34887-26
 
X
   
619
34929
34929-6
   
X
 
509
34892
34892-3
 
X
   
620
34929
34929-5
   
X
 
510
34892
34892-10
 
X
   
621
34929
34929-4
   
X
 
511
34892
34892-7
 
X
   
622
35040
35040-17
   
X
 
512
34892
34892-9
 
X
   
623
35040
35040-42
   
X
 
513
34892
34892-6
 
X
   
624
35040
35040-15
   
X
 
514
34892
34892-11
 
X
   
625
35040
35040-21
   
X
 
515
35161
35161-12
 
X
   
626
35040
35040-26
   
X
 
516
35161
35161-1
 
X
   
627
35040
35040-22
   
X
 
517
35161
35161-4
 
X
   
628
35040
35040-5
   
X
 
518
35161
35161-5
 
X
   
629
35040
35040-46
   
X
 
519
35205
35205-16
 
X
   
630
35040
35040-45
   
X
 
520
35205
35205-11
 
X
   
631
35040
35040-27
   
X
 
521
35205
35205-4
 
X
   
632
35040
35040-19
   
X
 
522
35205
35205-5
 
X
   
633
35040
35040-57
   
X
 
523
35205
35205-1
 
X
   
634
35040
35040-24
   
X
 
524
35205
35205-7
 
X
   
635
35040
35040-9
   
X
 
525
35205
35205-15
 
X
   
636
35040
35040-10
   
X
 
526
35205
35205-3
 
X
   
637
35040
35040-32
   
X
 
527
35205
35205-2
 
X
   
638
35040
35040-11
   
X
 
528
35205
35205-18
 
X
   
639
35040
35040-67
   
X
 
529
35212
35212-3
 
X
   
640
35040
35040-16
   
X
 
530
35212
35212-5
 
X
   
641
35040
35040-2
   
X
 
531
35242
35242-1
 
X
   
642
35145
35145-10
   
X
 
532
35303
35303-40
 
X
   
643
35145
35145-3
   
X
 
533
35303
35303-28
 
X
   
644
35145
35145-8
   
X
 
534
35303
35303-41
 
X
   
645
35160
35160-5
   
X
 
535
35303
35303-45
 
X
   
646
35160
35160-19
   
X
 
536
35303
35303-21
 
X
   
647
35160
35160-2
   
X
 
537
35303
35303-22
 
X
   
648
35160
35160-1
   
X
 
538
35303
35303-44
 
X
   
649
35160
35160-23
   
X
 
539
35303
35303-50
 
X
   
650
35160
35160-28
   
X
 
540
35303
35303-11
 
X
   
651
35160
35160-4
   
X
 
541
35303
35303-52
 
X
   
652
35160
35160-7
   
X
 
542
35303
35303-25
 
X
   
653
35167
35167-2
   
X
 
543
35303
35303-8
 
X
   
654
35167
35167-6
   
X
 
544
35303
35303-18
 
X
   
655
35167
35167-20
   
X
 
545
35303
35303-57
 
X
   
656
35167
35167-12
   
X
 
546
35303
35303-6
 
X
   
657
35167
35167-3
   
X
 
547
35303
35303-48
 
X
   
658
35167
35167-19
   
X
 
548
35327
35327-25
 
X
   
659
35167
35167-22
   
X
 
549
35327
35327-13
 
X
   
660
35168
35168-9
   
X
 
550
35327
35327-1
 
X
   
661
35168
35168-12
   
X
 
551
35327
35327-6
 
X
   
662
35168
35168-10
   
X
 
552
35327
35327-24
 
X
   
663
35168
35168-13
   
X
 
553
35327
35327-23
 
X
   
664
35244
35244-5
   
X
 
554
35327
35327-12
 
X
   
665
35244
35244-4
   
X
 
555
35327
35327-27
 
X
   
666
35244
35244-1
   
X
 


Exhibit 1 to Attachment A
 Page 4 of 4

Sample
Property
Number      
Loan ID       
Property ID             
Sample
Properties 1         
Sample
Properties 2        
Sample
Properties 3        
Removed
Sample
Property         
Sample
Property
Number       
Loan ID       
Property ID             
Sample
Properties 1         
Sample
Properties 2        
Sample
Properties 3        
Removed
Sample
Property         
667
35244
35244-7
   
X
 
719
35486
35486-4
   
X
 
668
35245
35245-8
   
X
 
720
35486
35486-73
   
X
 
669
35245
35245-10
   
X
 
721
35486
35486-30
   
X
 
670
35245
35245-13
   
X
 
722
35486
35486-32
   
X
 
671
35245
35245-4
   
X
 
723
35486
35486-34
   
X
 
672
35328
35328-1
   
X
 
724
35486
35486-31
   
X
 
673
35408
35408-32
   
X
 
725
35486
35486-39
   
X
 
674
35408
35408-35
   
X
 
726
35486
35486-68
   
X
 
675
35408
35408-16
   
X
 
727
35486
35486-24
   
X
 
676
35408
35408-12
   
X
 
728
35486
35486-10
   
X
 
677
35408
35408-11
   
X
 
729
35486
35486-59
   
X
 
678
35408
35408-40
   
X
 
730
35486
35486-28
   
X
 
679
35408
35408-1
   
X
 
731
35486
35486-26
   
X
 
680
35408
35408-2
   
X
 
732
35486
35486-6
   
X
 
681
35408
35408-45
   
X
 
733
35486
35486-64
   
X
 
682
35408
35408-30
   
X
 
734
35486
35486-45
   
X
 
683
35408
35408-23
   
X
 
735
35486
35486-43
   
X
 
684
35408
35408-27
   
X
 
736
35486
35486-76
   
X
 
685
35408
35408-33
   
X
 
737
35486
35486-11
   
X
 
686
35408
35408-4
   
X
 
738
35486
35486-75
   
X
 
687
35420
35420-1
   
X
 
739
35486
35486-60
   
X
 
688
35436
35436-9
   
X
 
740
35486
35486-47
   
X
 
689
35436
35436-5
   
X
 
741
35486
35486-25
   
X
 
690
35436
35436-8
   
X
 
742
35486
35486-61
   
X
 
691
35486
35486-77
   
X
 
743
35486
35486-88
   
X
 
692
35486
35486-22
   
X
 
744
35486
35486-50
   
X
 
693
35486
35486-53
   
X
 
745
35486
35486-46
   
X
 
694
35486
35486-1
   
X
 
746
35486
35486-13
   
X
 
695
35486
35486-81
   
X
 
747
35486
35486-55
   
X
 
696
35486
35486-74
   
X
 
748
35486
35486-27
   
X
 
697
35486
35486-15
   
X
 
749
35486
35486-33
   
X
 
698
35486
35486-19
   
X
 
750
35486
35486-16
   
X
 
699
35486
35486-44
   
X
 
751
35486
35486-71
   
X
 
700
35486
35486-90
   
X
 
752
35486
35486-20
   
X
 
701
35486
35486-48
   
X
 
753
35486
35486-83
   
X
 
702
35486
35486-38
   
X
 
754
35486
35486-29
   
X
 
703
35486
35486-18
   
X
 
755
35486
35486-42
   
X
 
704
35486
35486-85
   
X
 
756
35486
35486-3
   
X
 
705
35486
35486-69
   
X
 
757
35486
35486-35
   
X
 
706
35486
35486-57
   
X
 
758
35486
35486-70
   
X
 
707
35486
35486-14
   
X
 
759
35486
35486-67
   
X
 
708
35486
35486-87
   
X
 
760
35486
35486-65
   
X
 
709
35486
35486-36
   
X
 
761
35486
35486-37
   
X
 
710
35486
35486-5
   
X
 
762
35486
35486-9
   
X
 
711
35486
35486-54
   
X
 
763
35552
35552-2
   
X
 
712
35486
35486-84
   
X
 
764
35552
35552-1
   
X
 
713
35486
35486-72
   
X
 
765
35552
35552-19
   
X
 
714
35486
35486-78
   
X
 
766
35552
35552-3
   
X
 
715
35486
35486-21
   
X
 
767
35552
35552-11
   
X
 
716
35486
35486-8
   
X
 
768
35771
35771-2
   
X
 
717
35486
35486-40
   
X
 
769
35771
35771-1
   
X
 
718
35486
35486-52
   
X
               


Exhibit 2 to Attachment A
 Page 1 of 2

Property Sampling Schedule


 
Mortgage Loan Population
Loan ID provided by CoreVest
 
       
 
Preliminary Mortgage Loans 1
33242
 
   
33389
 
   
33442
 
   
33491
 
   
33638
 
   
34182
 
   
34187
 
   
34305
 
   
34407
 
   
34418
 
   
34494
 
   
34505
 
   
34626
 
   
34728
 
   
34729
 
   
34735
 
   
34936
 
       
 
Preliminary Mortgage Loans 2
33219
 
   
33294
 
   
33494
 
   
33556
 
   
33766
 
   
34123
 
   
34436
 
   
34457
 
   
34514
 
   
34590
 
   
34723
 
   
34802
 
   
34805
 
   
34807
 
   
34808
 
   
34887
 
   
34892
 
   
35161
 
   
35205
 
   
35212
 
   
35242
 
   
35303
 
   
35327
 
   
35421
 
   
35441
 



Exhibit 2 to Attachment A
 Page 2 of 2


 
Mortgage Loan Population
Loan ID provided by CoreVest
 
       
 
Preliminary Mortgage Loans 3
 
34343
 
34631
 
   
34672
 
   
34706
 
   
34929
 
   
35040
 
   
35145
 
   
35160
 
   
35167
 
   
35168
 
   
35244
 
   
35245
 
   
35328
 
   
35408
 
   
35420
 
   
35436
 
   
35486
 
   
35552
 
   
35771
 




Exhibit 3 to Attachment A
 Page 1 of 3


Base Property Sample Characteristics and Property Source Documents


Base Property Sample Characteristic
Property Source Document(s)
Notes
     
Address (Street)
Appraisal or BPO
1., 2., 3.
City
Appraisal or BPO
1., 2.
Cut-Off Date Valuation Date
Appraisal or BPO
1., 2.
Cut-Off Date Valuation Type
Appraisal or BPO
1., 2., 4.
Cut-Off Date Value
(a) Appraisal or BPO or
(b) Appraisal and recalculation
1., 2.
Number Bedrooms
 
(a) Appraisal or BPO or
(b) Appraisal or BPO and recalculation
1., 2., 5.
Number of Bathrooms
(a) Appraisal or BPO or
(b) Appraisal or BPO and recalculation
1., 2., 6.
Number of Units
Appraisal or BPO
1., 2.
Property Type
Appraisal or BPO
1., 2., 7.
State
Appraisal or BPO
1., 2.
Swimming Pool (Y/N)
Appraisal or BPO
1., 2., 8.
Total Square Footage
(a) Appraisal or BPO or
(b) Appraisal or BPO and recalculation
1., 2., 9.
Year Built
(a) Appraisal or BPO or
(b) Appraisal or BPO and recalculation
1., 2., 10.
Zip Code
Appraisal or BPO
1., 2., 11.

Notes:

1.
For each Sample Property for which CoreVest, on behalf of the Depositor, provided more than one Appraisal and/or BPO Property Source Document, CoreVest, on behalf of the Depositor, instructed us to use the Appraisal and/or BPO Property Source Document with the most recent valuation date.

2.
With respect to certain Sample Properties, the applicable Property Source Document contains conflicting information relating to certain Base Property Sample Characteristics.  For such Sample Properties, CoreVest, on behalf of the Depositor, instructed us to note agreement if the information on the Property Data File for a Base Property Sample Characteristic agreed with any of the information on the corresponding Property Source Document which relates to such Base Property Sample Characteristic.  We performed no procedures to reconcile any conflicting information which exists on the Property Source Documents for any of the Base Property Sample Characteristics.

3.
For the purpose of comparing the “Address (Street)” Base Property Sample Characteristic, CoreVest, on behalf of the Depositor, instructed us to ignore differences that are due to truncation, abbreviation or punctuation.

Exhibit 3 to Attachment A
 Page 2 of 3

Notes: (continued)

4.
CoreVest, on behalf of the Depositor, indicated that the three possible values for the “Cut‑Off Date Valuation Type” Base Property Sample Characteristic are “Appraisal,” “Exterior Appraisal” and “Interior RAR.”  For the purpose of comparing the “Cut‑Off Date Valuation Type” Base Property Sample Characteristic for each Sample Property where the applicable Property Source Document did not specifically state “Appraisal,” “Exterior Appraisal” and “Interior RAR,” CoreVest, on behalf of the Depositor, instructed us to use “Exterior Appraisal.”

5.
For the purpose of comparing the “Number Bedrooms” Base Property Sample Characteristic, CoreVest, on behalf of the Depositor, provided the following instructions:
a.
For each Sample Property with the “Number of Units” value equal to 1, as shown on the Property Data File, compare the “Number Bedrooms,” as shown on the Property Data File, to the corresponding information in the applicable Property Source Document and
b.
For each Sample Property with the “Number of Units” value greater than 1, as shown on the Property Data File:
i.
Recalculate the “Number Bedrooms” for the Sample Property as the sum of the “Number Bedrooms” for all units corresponding to such Sample Property, as shown on the Property Data File, and
ii.
Compare the result of i. above to the corresponding information in the applicable Property Source Document.

6.
For the purpose of comparing the “Number of Bathrooms” Base Property Sample Characteristic, CoreVest, on behalf of the Depositor, provided the following instructions:
a.
For each Sample Property with the “Number of Units” value equal to 1, as shown on the Property Data File, compare the “Number of Bathrooms,” as shown on the Property Data File, to the corresponding information in the applicable Property Source Document and
b.
For each Sample Property with the “Number of Units” value greater than 1, as shown on the Property Data File:
i.
Recalculate the “Number of Bathrooms” for the Sample Property as the sum of the “Number of Bathrooms” for all units corresponding to such Sample Property, as shown on the Property Data File, and
ii.
Compare the result of i. above to the corresponding information in the applicable Property Source Document.

7.
For the purpose of comparing the “Property Type” Base Property Sample Characteristic for each Sample Property with an attached unit or a semi-attached unit with a design style of “row house,” “colonial,” “duplex” or “twin,” as shown in the applicable Property Source Document, CoreVest, on behalf of the Depositor, instructed us to use “townhome.”

8.
For the purpose of comparing the “Swimming Pool (Y/N)” Base Property Sample Characteristic for each Sample Property for which the applicable Property Source Document did not specifically state if the Sample Property has a swimming pool, CoreVest, on behalf of the Depositor, instructed us to use “N.”

Exhibit 3 to Attachment A
 Page 3 of 3

Notes: (continued)

9.
For the purpose of comparing the “Total Square Footage” Base Property Sample Characteristic for each Sample Property, CoreVest, on behalf of the Depositor, provided the following instructions:
a.
For each Sample Property with the “Number of Units” value equal to 1, as shown on the Property Data File, compare the “Total Square Footage,” as shown on the Property Data File, to the corresponding information in the applicable Property Source Document and
b.
For each Sample Property with the “Number of Units” value greater than 1, as shown on the Property Data File:
i.
Recalculate the “Total Square Footage” for the Sample Property as the sum of the “Total Square Footage” for all units corresponding to such Sample Property, as shown on the Property Data File, and
ii.
Compare the result of i. above to the corresponding information in the applicable Property Source Document.
 
10.
For the purpose of comparing the “Year Built” Base Property Sample Characteristic for each Sample Property for which the applicable Property Source Document did not specifically state the year built, CoreVest, on behalf of the Depositor, instructed us to recalculate the “Year Built” of each Sample Property by subtracting the property age (in years), as shown in the applicable Property Source Document, from the year of the “Cut‑Off Date Valuation Date,” as shown on the Property Data File.

11.
For the purpose of comparing the “Zip Code” Base Property Sample Characteristic for each Sample Property, CoreVest, on behalf of the Depositor, instructed us to compare only the first five digits of the property zip code, as shown in the applicable Property Source Document.

We performed no procedures to determine the accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by CoreVest, on behalf of the Depositor, that are described in the notes above.




Exhibit 4 to Attachment A
 Page 1 of 3
Sample Property Base Property Sample Characteristic Differences


Sample
Property
Number
Base Property Sample Characteristic
Preliminary
Property
Data File Value
Property
Source Document Value
       
37
Property Type
Townhome
SFR
       
75
Property Type
Townhome
SFR
       
82
Property Type
Townhome
SFR
       
119
Number of Bathrooms
5
3
       
127
Number Bedrooms
8
7
 
Number of Bathrooms
8
7
 
Number of Units
8
7
 
Total Square Footage
4,800.00
4,200.00
       
141
Cut-Off Date Valuation Type
Appraisal
Exterior Appraisal
       
146
Cut-Off Date Valuation Type
Exterior Appraisal
Appraisal
 
Property Type
SFR
Townhome
       
208
Cut-Off Date Valuation Type
Interior RAR
Appraisal
       
223
Total Square Footage
1,687.00
1,800.00
       
227
Property Type
Townhome
SFR
       
235
Cut-Off Date Valuation Type
Interior RAR
Appraisal
       
270
Property Type
Townhome
SFR
       
273
Property Type
Townhome
SFR
       
308
Number of Units
2
3
       
355
Total Square Footage
354.00
345.00
       
358
Total Square Footage
586.00
588.00
       
363
Total Square Footage
7,850.00
8,200.00
       
409
Cut-Off Date Valuation Date
2/24/2021
2/26/2021


Exhibit 4 to Attachment A
 Page 2 of 3

Sample
Property
Number
Base Property Sample Characteristic
Preliminary
Property
Data File Value
Property
Source Document Value
       
411
Cut-Off Date Valuation Date
2/19/2021
2/24/2021
       
420
Property Type
SFR
Townhome
       
443
Property Type
SFR
Townhome
       
461
Cut-Off Date Valuation Type
Appraisal
Exterior Appraisal
       
477
Address (Street)
[Redacted]
[Redacted]
       
497
Cut-Off Date Valuation Type
Exterior Appraisal
Appraisal
       
507
Number Bedrooms
8
9
       
515
Property Type
SFR
Townhome
       
517
Address (Street)
[Redacted]
[Redacted]
 
Property Type
Townhome
Condo
       
518
Address (Street)
[Redacted]
[Redacted]
 
Property Type
Townhome
Condo
       
519
Property Type
SFR
Townhome
       
525
Property Type
SFR
Townhome
       
527
Property Type
SFR
Townhome
       
528
Cut-Off Date Valuation Type
Exterior Appraisal
Appraisal
       
534
Property Type
SFR
Townhome
       
548
Property Type
SFR
Townhome
       
553
Property Type
SFR
Townhome
       
563
Cut-Off Date Valuation Date
3/12/2021
3/2/2021
       
564
Address (Street)
[Redacted]
[Redacted]


Exhibit 4 to Attachment A
 Page 3 of 3

Sample
Property
Number
Base Property Sample Characteristic
Preliminary
Property
Data File Value
Property
Source Document Value
       
565
Cut-Off Date Valuation Date
3/12/2021
3/2/2021
 
Year Built
1925
1922
       
569
Cut-Off Date Valuation Date
3/23/2021
3/18/2021
 
Number Bedrooms
9
9
 
Total Square Footage
4,275.00
4,050.00
       
575
Address (Street)
[Redacted]
[Redacted]
       
581
Address (Street)
[Redacted]
[Redacted]
       
590
Swimming Pool (Y/N)
Y
N
       
614
Total Square Footage
4,032.38
4,032.00
       
615
Total Square Footage
1,473.75
1,474.00
       
617
Number Bedrooms
22
19
       
642
Address (Street)
[Redacted]
[Redacted]
 
Property Type
Townhome
Condo
       
714
Number of Bathrooms
6
5
       
719
City
East Haven
New Haven
       
725
City
Hamden
New Haven
 
Zip Code
06514
06511
       
745
City
West Haven
Hamden




Exhibit 5 to Attachment A
 Page 1 of 9

Compared Mortgage Loan Characteristics and Mortgage Loan Source Documents

Underwriting Information: (see Note 2)

Compared Mortgage Loan Characteristic
Mortgage Loan Source Document(s)
   
UW Annual Rent ($)
Underwriting Summary
Average Lease Term
Underwriting Summary
UW Other Income ($)
Underwriting Summary
UW Credit and Vacancy Loss ($)
Underwriting Summary
UW Effective Gross Income ($)
Underwriting Summary
UW Annual Property Management Fee ($)
Underwriting Summary
UW Annual Marketing and Leasing Costs ($)
Underwriting Summary
UW Repairs and Maintenance ($)
Underwriting Summary
UW Annual Insurance Costs ($)
Underwriting Summary
UW Annual HOA/Special Assessment Fees ($)
Underwriting Summary
UW Annual Real Estate Taxes ($)
Underwriting Summary
UW Annual Turnover Costs ($)
Underwriting Summary
UW Annual Landscaping ($)
Underwriting Summary
UW Annual Other Costs ($)
Underwriting Summary
UW Annual Expenses ($)
Underwriting Summary
UW Annual Net Operating Income ($)
Underwriting Summary
UW Annual CapEx Reserve ($)
Underwriting Summary
UW Annual Net Cash Flow ($)
Underwriting Summary
Value at Origination ($)
Underwriting Summary
% HOA (see Note 3)
Underwriting Summary
% Section 8 (see Note 4)
Underwriting Summary
Occupancy as of Origination
Underwriting Summary
Number of Units
Underwriting Summary
Number of Properties
Underwriting Summary

Reserve and Escrow Information:

Compared Mortgage Loan Characteristic
Mortgage Loan Source Document(s)
   
Monthly Tax Escrow
Loan Agreement or Settlement Statement
Monthly Insurance Escrow
Loan Agreement or Settlement Statement
Monthly Capital Expenditure Escrow ($)
Loan Agreement, Settlement Statement, Servicer Report or Partial Release Letter
Upfront Leasing Escrow ($)
Loan Agreement or Settlement Statement
Monthly Leasing Escrow ($)
Loan Agreement or Settlement Statement
Upfront Interest Escrow ($)
Loan Agreement or Settlement Statement
Monthly Interest Escrow ($)
Loan Agreement or Settlement Statement
Upfront Deferred Maintenance Escrow ($)
Loan Agreement or Settlement Statement
Monthly Deferred Maintenance Escrow ($)
Loan Agreement or Settlement Statement

Exhibit 5 to Attachment A
 Page 2 of 9

Mortgage Loan Information:

Compared Mortgage Loan Characteristic
Mortgage Loan Source Document(s)
   
Rent Rolls (Y/N)
Loan Agreement
Frequency of Rent Rolls
Loan Agreement
Operating Statement (Y/N)
Loan Agreement
Frequency of Operating Statements
Loan Agreement
Loan Originator
Loan Agreement
Borrower
Loan Agreement
Guarantor
Guaranty Agreement
Type of Guarantor (Individual or Type of Entity)
Guaranty Agreement
Guarantor FICO (see Note 5)
Credit Report
Sponsor (see Note 1)
Loan Agreement
Origination Date
Promissory Note, Loan Agreement or Loan Modification Agreement
Payment Date
Loan Agreement
First Payment Date (see Note 6)
Loan Agreement
Initial Maturity Date
Loan Agreement
Mortgage Loan Initial Funded Amount ($) (see Note 1)
Loan Agreement or Loan Modification Agreement
Monthly Debt Service ($) (see Note 7)
Loan Agreement or Loan Modification Agreement
Rate Type
Loan Agreement
Interest Rate
Loan Agreement
Interest Rate Accrual
Loan Agreement
Amortization Type
Loan Agreement
IO Term (months) (see Note 8)
Loan Agreement
Recourse (Y/N)
Guaranty Agreement
Recourse to Guarantor (Full, Partial, Carve‑out, None)
Guaranty Agreement
Property Manager
Loan Agreement or Management Agreement
Prepayment Provision (see Notes 9 and 10)
Loan Agreement or Loan Modification Agreement
Original Yield Maintenance Period (see Notes 9, 10 and 11)
Loan Agreement or Loan Modification Agreement
Other Prepayment Provision
Loan Agreement
Open Period (see Notes 9, 10 and 11)
Loan Agreement or Loan Modification Agreement
YM Calculation Method (PV or Int Diff) (see Note 9)
Loan Agreement or Loan Modification Agreement
Calc’d Through (Maturity or Open) (see Note 9)
Loan Agreement or Loan Modification Agreement
PV Discount Treasury Projection Term (Maturity or Open) (see Note 9)
Loan Agreement
PV Discount Treasury Compounding Type (MEY or BEY) (see Note 9)
Loan Agreement
SPE (Y/N)
Loan Agreement
Independent Director (Y/N)
Loan Agreement

Exhibit 5 to Attachment A
 Page 3 of 9

Mortgage Loan Information: (continued)

Compared Mortgage Loan Characteristic
Mortgage Loan Source Document(s)
   
Substitution Permitted (Y/N)
Loan Agreement
Partial Release Permitted (Y/N)
Loan Agreement
Substitution Provision Description
Loan Agreement
Partial Release Provisions
Loan Agreement
Partial Release Premium
Loan Agreement
Grace Period (Late Fee)
Loan Agreement
Grace Period (Principal and Interest)
Loan Agreement
Existing Secondary Financing (Y/N)
Loan Agreement
Secondary Financing Amount (Existing)
Loan Agreement
Secondary Financing Description
Loan Agreement
Future Secondary Financing Allowed (Y/N) (see Note 12)
Loan Agreement
Future Secondary Financing Description
Loan Agreement
Lockbox Type (see Note 13)
Loan Agreement
Lockbox Trigger
Loan Agreement
Cash Management Type (see Note 14)
Loan Agreement
Cash Management and Cash Trap Trigger (for Springing Cash Management) and Cash Trap Trigger (for Hard Cash Management)
Loan Agreement
Multiple Borrowers (Y/N)
Loan Agreement

Notes:

1.
For any Mortgage Loan on the Preliminary Mortgage Loan Data File listed in Table A1, CoreVest, on behalf of the Depositor, instructed us to use the information in the “Provided Value” column for the applicable characteristic listed in Table A1, even if the information in the “Provided Value” column did not agree with the corresponding information that was shown in the applicable Mortgage Loan Source Document(s) or the applicable Mortgage Loan Source Document(s) were not provided to us.

 
Table A1:
 
Loan ID
Characteristic
Provided Value
       
 
34728
Mortgage Loan Initial Funded Amount ($)
$6,274,840.00
 
34706
Sponsor
[Redacted]

We performed no procedures to determine the accuracy, completeness or reasonableness of the “Provided Value” information in Table A1 that was provided by CoreVest, on behalf of the Depositor.


Exhibit 5 to Attachment A
 Page 4 of 9

Notes: (continued)

2.
For the purpose of comparing the “Underwriting Information” Compared Mortgage Loan Characteristics that are expressed as dollar values, CoreVest, on behalf of the Depositor, instructed us to ignore differences of +/- $2.00 or less.

3.
For the purpose of comparing the “% HOA” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to divide:
a.
The total number of Mortgaged Properties that secure the Mortgage Loan which have an associated HOA fee in the “HOA” column, as shown on the underwriting summary Mortgage Loan Source Document, by
b.
The total number of Mortgaged Properties that secure the Mortgage Loan, as shown on the underwriting summary Mortgage Loan Source Document.

4.
For the purpose of comparing the “% Section 8” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to divide:
a.
The total number of units at the Mortgaged Properties that secure the Mortgage Loan which have “Y” or “Yes” in the “Section 8” column, as shown on the underwriting summary Mortgage Loan Source Document, by
b.
The total number of units at the Mortgaged Properties that secure the Mortgage Loan, as shown on the underwriting summary Mortgage Loan Source Document.

5.
For the purpose of comparing the “Guarantor FICO” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, provided the following instructions:
a.
For each Mortgage Loan that has one “Guarantor,” as shown on the Preliminary Mortgage Loan Data File, use (i) the highest FICO score of the “Guarantor” if two FICO scores are listed on the credit report Mortgage Loan Source Document or (ii) the median FICO score of the “Guarantor” if three FICO scores are listed on the credit report Mortgage Loan Source Document,
b.
For each Mortgage Loan that has more than one “Guarantor,” as shown on the Preliminary Mortgage Loan Data File (except for the Mortgage Loans identified on the Preliminary Mortgage Loan Data File with Loan IDs of “35486” (the “35486 Mortgage Loan”) and “35205” (the “35205 Mortgage Loan”), which are described in c. below), follow the methodology described in a. above to determine the FICO score for each “Guarantor,” and use the highest resulting FICO score and
c.
For the 35486 Mortgage Loan and 35205 Mortgage Loan, we were instructed by CoreVest, on behalf of the Depositor, to exclude any guarantor which has insufficient credit funds or history or is a foreign national, as shown on the credit report Mortgage Loan Source Document, and to follow the methodology described in b. above.

6.
For the purpose of comparing the “First Payment Date” Compared Mortgage Loan Characteristic for each Mortgage Loan where the applicable Mortgage Loan Source Document does not define the first payment date, CoreVest, on behalf of the Depositor, instructed us to assume that the “First Payment Date” is the ninth (9th) day of the calendar month following the first full interest accrual period, as described in the applicable Mortgage Loan Source Document.


Exhibit 5 to Attachment A
 Page 5 of 9

Notes: (continued)

7.
For the purpose of comparing the “Monthly Debt Service ($)” Compared Mortgage Loan Characteristic for each Mortgage Loan except for:
a.
Any Mortgage Loan (i) with an “Amortization Type” of “Amortizing Balloon” or “Interest Only, Amortizing Balloon,” as shown on the Preliminary Mortgage Loan Data File, and (ii) which does not have a stated monthly debt service amount in the applicable Mortgage Loan Source Document (each, a “Recalculated Amortizing Mortgage Loan”) and
b.
Any Mortgage Loan with an “Amortization Type” of “Interest Only,” as shown on the Preliminary Mortgage Loan Data File (each, an “Interest Only Mortgage Loan”),
which are described in the succeeding paragraph(s) of this Note, CoreVest, on behalf of the Depositor, instructed us to use the stated monthly debt service amount that is shown in the applicable Mortgage Loan Source Document.

For the purpose of comparing the “Monthly Debt Service ($)” Compared Mortgage Loan Characteristic for any Recalculated Amortizing Mortgage Loan, CoreVest, on behalf of the
Depositor, instructed us to recalculate the “Monthly Debt Service ($)” using the “PMT” function in Microsoft Excel and:
a.
The “Mortgage Loan Initial Funded Amount ($),” as shown on the Preliminary Mortgage Loan Data File,
b.
The “Interest Rate,” as shown on the Preliminary Mortgage Loan Data File (adjusted as described in the succeeding paragraph(s) of this Note, as applicable) and
c.
The principal amortization period, as shown in the applicable Mortgage Loan Source Document.

For the purpose of the “Monthly Debt Service ($)” recalculation described above for any Recalculated Amortizing Mortgage Loan which also has an “Interest Rate Accrual” of “Actual/360,” as shown on the Preliminary Mortgage Loan Data File, CoreVest, on behalf of the Depositor, instructed us to divide the “Interest Rate,” as shown on the Preliminary Mortgage Loan Data File, by twelve (12) and then multiply by a fraction equal to 365/360.

For the purpose of comparing the “Monthly Debt Service ($)” Compared Mortgage Loan Characteristic for any Interest Only Mortgage Loan which also has an “Interest Rate Accrual” of “Actual/360,” as shown on the Preliminary Mortgage Loan Data File, CoreVest, on behalf of the Depositor, instructed us to recalculate the “Monthly Debt Service ($)” as 1/12th of the product of:
a.
The “Mortgage Loan Initial Funded Amount ($),” as shown on the Preliminary Mortgage Loan Data File,
b.
The “Interest Rate,” as shown on the Preliminary Mortgage Loan Data File, and
c.
365/360.



Exhibit 5 to Attachment A
 Page 6 of 9

Notes: (continued)

8.
For the purpose of comparing the “IO Term (months)” Compared Mortgage Loan Characteristic for any Mortgage Loan with an “Amortization Type” of “Amortizing Balloon,” as shown on the Preliminary Mortgage Loan Data File (each, an “Amortizing Balloon Mortgage Loan”), CoreVest, on behalf of the Depositor, instructed us to use “N/A.”

For the purpose of comparing the “IO Term (months)” Compared Mortgage Loan Characteristic for any Interest Only Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use the “Original Term to Maturity (months)” (as defined herein), as shown on the Preliminary Mortgage Loan Data File.

For the purpose of comparing the “IO Term (months)” Compared Mortgage Loan Characteristic for any Mortgage Loan with an “Amortization Type” of “Interest Only, Amortizing Balloon,” as shown on the Preliminary Mortgage Loan Data File, CoreVest, on behalf of the Depositor, instructed us to use the procedures described in Note 6 to determine the “First Payment Date” to use for the purpose of determining the “IO Term (months).”

9.
For the purpose of comparing the indicated characteristics, CoreVest, on behalf of the Depositor, instructed us to ignore any prepayment premiums, prepayments without penalty or other conditions related to partial release events, as described in the applicable Mortgage Loan Source Document.

10.
For certain Mortgage Loans, the applicable Mortgage Loan Source Document contains:
a.
A definition for “Par Prepayment Date,” which is shown as a certain “Payment Date” (e.g., the 114th Payment Date),
b.
A definition for “Payment Date,” which is defined as “with respect to each Interest Accrual Period, the ninth (9th) day of the calendar month immediately succeeding such Interest Accrual Period” and
c.
A definition for “Interest Accrual Period,” which is defined as “each period from and including the first day of a calendar month through and including the last day of such calendar month.  Notwithstanding the foregoing, the first Interest Accrual Period shall commence on and include the Closing Date.”

Exhibit 5 to Attachment A
 Page 7 of 9

Notes: (continued)

10. (continued)

For the purpose of comparing the:
a.
Prepayment Provision,
b.
Original Yield Maintenance Period and
c.
Open Period
Compared Mortgage Loan Characteristics for each Mortgage Loan described in the preceding paragraph, CoreVest, on behalf of the Depositor, instructed us to assume that for the purpose of determining the “Par Prepayment Date,” the first “Payment Date” is the ninth (9th) day of the calendar month which follows the calendar month in which the “Origination Date” occurs (the “Stub Payment Date”), even though:
i.
There will not be a debt service payment made on the Stub Payment Date and
ii.
The “First Payment Date” of the Mortgage Loan, as shown on the Preliminary Mortgage Loan Data File, will be the ninth (9th) day of the second calendar month which follows the calendar month in which the “Origination Date” occurs.

11.
For the purpose of comparing the “Original Yield Maintenance Period” Compared Mortgage Loan Characteristic for any Mortgage Loan that can be fully prepaid with yield maintenance, as shown in the applicable Mortgage Loan Source Document (each, a “Yield Maintenance Mortgage Loan”), CoreVest, on behalf of the Depositor, instructed us to include the number of “Payment Dates” from and including the “First Payment Date” through and including the “Initial Maturity Date” of the Yield Maintenance Mortgage Loan on which the borrower is required to remit a yield maintenance payment in connection with a voluntary prepayment of the Yield Maintenance Mortgage Loan in the “Original Yield Maintenance Period” of the Yield Maintenance Mortgage Loan (in accordance with the additional instructions provided by CoreVest, on behalf of the Depositor, which are described in Note 10, as applicable), as shown in the applicable Mortgage Loan Source Document.

For the purpose of comparing the “Original Yield Maintenance Period” Compared Mortgage Loan Characteristic for any Mortgage Loan that is not a Yield Maintenance Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A.”

For the purpose of comparing the “Open Period” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to include the number of “Payment Dates” from and including the “First Payment Date” through and including the “Initial Maturity Date” of the Mortgage Loan on which the borrower can voluntarily prepay the Mortgage Loan without the payment of a yield maintenance payment or a prepayment premium in the “Open Period” of the Mortgage Loan (in accordance with the additional instructions provided by CoreVest, on behalf of the Depositor, which are described in Note 10, as applicable), as shown in the applicable Mortgage Loan Source Document.

Exhibit 5 to Attachment A
 Page 8 of 9

Notes: (continued)

12.
For the purpose of comparing the “Future Secondary Financing Allowed (Y/N)” Compared Mortgage Loan Characteristic for any Mortgage Loan that references a “Permitted Mezzanine Loan” in the applicable Mortgage Loan Source Document, CoreVest, on behalf of the Depositor, instructed us to: (i) assume that this “Permitted Mezzanine Loan” debt does not constitute additional debt that may be placed by the borrower on the collateral that secures the Mortgage Loan and (ii) use “N.”

13.
For the purpose of comparing the “Lockbox Type” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use the following definitions, as applicable:
a.
Springing – As of the origination date of the Mortgage Loan, the borrower and/or related property manager is required to deposit any rent it receives in a rent deposit account or restricted account, as applicable.  Upon the occurrence of an event of default or certain trigger events as described in the applicable Mortgage Loan Source Document, the lender requires or has the option to require the borrower to direct tenants to deposit funds directly to a lockbox account or restricted account, as applicable,
b.
Hard – As of the origination date of the Mortgage Loan, there is an established lockbox account controlled by the lender into which tenants are required to deposit rents directly and
c.
N/A – As of the origination date of the Mortgage Loan, either:
i.
The borrower or the related property manager is not required to deposit any rent it receives in the rent deposit account within a specified number of days of receipt,
ii.
The borrower or the related property manager is required to deposit any rent it receives in the rent deposit account within a specified number of days of receipt, however, there are no requirements for the borrower to direct tenants to deposit funds directly to a rent deposit account upon the occurrence of an event of default or certain trigger events as described in the applicable Mortgage Loan Source Document, or
iii.
The borrower of the related property manager is not required to deposit any rent it receives in the rent deposit account within a specified number of days of receipt. Upon the occurrence of an event of default or certain trigger events as described in the applicable Mortgage Loan Source Document, the lender has the option to require the borrower to direct tenants to deposit funds directly to an account designated by the lender or to such other third party as directed by the lender.

Exhibit 5 to Attachment A
 Page 9 of 9

Notes: (continued)

14.
For the purpose of comparing the “Cash Management Type” Compared Mortgage Loan Characteristic for each Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use the following definitions, as applicable:
a.
Springing – Prior to an event of default or certain trigger events that are described in the applicable Mortgage Loan Source Document, all cash on deposit in a rent deposit account is released periodically to the borrower.  Upon the occurrence an event of default or certain trigger events that are described in the applicable Mortgage Loan Source Document, all cash on deposit in the rent deposit account will be swept to a lender controlled cash management account and will be applied in accordance with the terms of the applicable Mortgage Loan Source Document,
b.
Hard – As of the origination date of the Mortgage Loan, all cash on deposit in the rent deposit account is swept to a lender controlled cash management account and is applied in accordance with the terms of the applicable Mortgage Loan Source Document and
c.
N/A – In accordance with the terms of the applicable Mortgage Loan Source Document, no cash management account is required to be established during the term of the related Mortgage Loan.

We performed no procedures to determine the accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by CoreVest, on behalf of the Depositor, that are described in the notes above.



Exhibit 6 to Attachment A

Provided Mortgage Loan Characteristics

 
Characteristic 
 
     
 
Loan ID
 
 
Include Y/N
 
 
Closed (Y/N)
 
 
Loan Seller
 
 
Loan Owner
 
 
Loan Purpose
 
 
Refinance Type
 
 
Loan
 
 
Next Due Date
 
 
Lien Position
 
 
Cut Off Date Value ($)
 
 
Guarantor Net Worth
 
 
Guarantor Liquidity
 
 
Recourse to Borrower (Full, Partial, Carve-out, None)
 
 
Equity Pledge (Y/N)
 
 
Occupancy as of Date
 
 
Property Manager Type
 
 
Rent Rolls Required as of 3/31 (Y/N)
 
 
Most Recent Occupancy
 
 
Most Recent Occupancy as of Date
 
 
NOI as of 3/31
 
 
NCF as of 3/31
 
 
Servicer
 
 
Servicing Fee Rate
 
 
Trustee/Note Administrator Fee Rate
 
 
CREFC® License Fee Rate
 
 
Special Servicing Fee
 
 
Property Management Consultant Fee
 
 
Operating Statement Required as of 3/31 (Y/N)
 
 
Rank Loan Number
 


Note:
We performed no procedures to determine the accuracy, completeness or reasonableness of the Provided Mortgage Loan Characteristics.