EX-99.10 11 tm2513357d1_ex99-10.htm CANOPY EXCEPTIONS REPORT

 

EXHIBIT 99.10

 

CANOPY EXCEPTIONS REPORT

 

 

 

 

Loan ID Seller Loan ID Investor Loan ID Overall Initial Loan Grade Overall Final Loan Grade Credit Initial Loan Grade Credit Current/Final Loan Grade Compliance Initial Loan Grade Compliance Current/Final Loan Grade Property Initial Loan Grade Property Current/Final Loan Grade Queue Finding Code Date Created Date Modified Finding Status Event Level Initial Finding Grade Current/Final Finding Grade Finding Category Finding Sub Category Finding Name Finding Comments Seller Comments Resolution Comments Reviewer Comp Factor Originator Comp Factors Finding Documents Originator QM Status Final Reviewed QM Status Loan Amount Property State Occupancy Loan Purpose Refinance Purpose Acknowledged / WaivedBy Waiver in File? Unique Finding ID
823827 xxxxxx   D A A A D A A A Closed xxxxxx 2025-03-12 19:01 2025-03-14 08:55 Resolved 1 - Information B A Compliance Missing Doc - Federal Disclosure Initial Escrow Account Disclosure is Missing Resolved-Initial Escrow Account Disclosure is Resolved - Due Diligence Vendor-03/14/2025

Ready for Review-Document Uploaded. IEAD from closing pkg.  - Buyer-03/13/2025

Open-Initial Escrow Account Disclosure is Missing **Missing Escrow Account Disclosure - Due Diligence Vendor-03/12/2025
  Resolved-Initial Escrow Account Disclosure is Resolved - Due Diligence Vendor-03/14/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 744 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 39.51% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.15

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 10.85 Years
  xxxxxx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
823827 xxxxxx   D A A A D A A A Closed xxxxxx 2025-03-10 03:24 2025-03-14 07:48 Resolved 1 - Information D A Compliance Missing Doc - Closing Package The Final 1003 is Missing Resolved-The Final 1003 is Present - Due Diligence Vendor-03/14/2025

Ready for Review-Document Uploaded. Final 1003 - Buyer-03/13/2025

Open-The Final 1003 is Missing - Due Diligence Vendor-03/10/2025
  Resolved-The Final 1003 is Present - Due Diligence Vendor-03/14/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 744 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 39.51% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.15

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 10.85 Years
  xxxxxx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
826521 xxxxxx   A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
826930 xxxxxx   D A A A D A A A Closed xxxxxx 2025-01-23 15:33 2025-02-07 11:37 Resolved 1 - Information D A Compliance Missing Doc Note is missing or unexecuted Resolved-Received note for 1st mortgage.   - Due Diligence Vendor-02/07/2025

Ready for Review-Document Uploaded. Missing Doc
 - Due Diligence Vendor-02/07/2025

Counter-The provided note is the note for the subject transaction, however, what is needed is the note from the concurrent transaction (first lien).   - Due Diligence Vendor-02/01/2025

Open-Document Uploaded. Please see attached
 - Due Diligence Vendor-02/01/2025

Open-Missing note for concurrent close first lien. - Due Diligence Vendor-01/23/2025
1/28/25 - please see attached
 - 02/01/2025

 



Resolved-Received note for 1st mortgage.   - Due Diligence Vendor-02/07/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 24.93 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 24.92 Years

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.12

Original CLTV is Below the Guideline Maximum By Ten Percent (10%) or More - Original CLTV Of 80% Is Below the Guideline Maximum Of 90% By Ten Percent (10%) or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 31.25 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months
  xxxxxx.pdf
Full Review xxxxxx_2_6_2025_30022_PM.zip
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
827380 xxxxxx   C A C A A A C A Closed xxxxxx 2025-02-25 11:44 2025-02-26 13:26 Resolved 1 - Information C A Credit Eligibility Audited DTI Exceeds Guideline DTI Resolved-Audited DTI of 48.21% is less than or equal to Guideline DTI of 50%  - Due Diligence Vendor-02/26/2025
Ready for Review-Document Uploaded.  - Seller-02/26/2025
Counter-P&I and MI (1st Lien is an FHA) totals $3531.93 + (2nd Lien) $908.53 = $4440.46 + T&I = $637.21 = $5077.67 - Lenders 1008 reflects $5059.53 - that's a difference of $18.14 increase & Consumer Debts Total $1768.00 vs Lenders 1008 of $1644.00 - 3 Debts were excluded from the totals (paid off at closing) leaving the following monthly payments per GAP report - xxxxxx $540  - xxxxxx $300 - xxxxxx $202 - xxxxxx $232 - xxxxxx $151 - xxxxxx $102 - xxxxxx $91 - xxxxxx $55 - xxxxxx $40 - xxxxxx $55 - That's a difference of $124.00 increase that is not reflected in ratios.   - Due Diligence Vendor-02/26/2025
Ready for Review-Document Uploaded. PITIA for 1st is impounded per Mtg Stmt. Please clarify which back end debt increased? Credit refresh attached. - Seller-02/26/2025
Open-Audited DTI of 50.42% exceeds Guideline DTI of 50%  Approval reflects DTI of 49.369%. Review finds higher as the total PITIA for the subject is $18.14 higher than used to approve and back debt is $124 higher based on the credit gap report than used to approve. Max DTI allowed per guidelines is 50%. - Due Diligence Vendor-02/25/2025
Ready for Review-Document Uploaded.  - Seller-02/26/2025

 Ready for Review-Document Uploaded. PITIA for 1st is impounded per Mtg Stmt. Please clarify which back end debt increased? Credit refresh attached. - Seller-02/26/2025

Resolved-Audited DTI of 48.21% is less than or equal to Guideline DTI of 50%  - Due Diligence Vendor-02/26/2025

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 23 Years
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 20.33 Years
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 22.77 Years
  xxxxxx 1008.pdf
xxxxxx Credit Refresh.pdf
xxxxxx UW PCCL.pdf
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827380 xxxxxx   C A C A A A C A Closed xxxxxx 2025-02-25 09:15 2025-02-26 08:16 Resolved 1 - Information C A Property Property Issue Property located in a FEMA Declared Disaster area. Resolved-Per xxxxxx directive, property located outside of immediate impact area. PDI reflects no damage or impact to marketability and is acceptable - Due Diligence Vendor-02/26/2025
Ready for Review-Document Uploaded.  - Seller-02/26/2025
Open-Property is located in a FEMA Declared Disaster area and requires a post-disaster inspection. The subject is located in xxxxxx. - Due Diligence Vendor-02/25/2025
Ready for Review-Document Uploaded.  - Seller-02/26/2025

Resolved-Per xxxxxx directive, property located outside of immediate impact area. PDI reflects no damage or impact to marketability and is acceptable - Due Diligence Vendor-02/26/2025
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 23 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 20.33 Years

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 22.77 Years
  xxxxxx PDI.pdf ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827556 xxxxxx   C A A A C A A A Closed xxxxxx 2025-01-03 09:42 2025-01-06 09:08 Resolved 1 - Information C A Compliance TRID Initial Closing Disclosure Delivery Date Test Resolved-ICD received, data entered, no additional compliance findings - Due Diligence Vendor-01/06/2025
Ready for Review-Document Uploaded.  - Seller-01/04/2025
Open-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; orThe 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 transactionThe 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. Lender to provide missing Initial Closing Disclosure and evidence that disclosure was provided to borrowers at least 3 business days prior to closing. Document is needed to complete compliance testing. - Due Diligence Vendor-01/03/2025
Ready for Review-Document Uploaded.  - Seller-01/04/2025

Resolved-ICD received, data entered, no additional compliance findings - Due Diligence Vendor-01/06/2025

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.17
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5.24 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 24.9 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months
Original CLTV is Below the Guideline Maximum By Ten Percent (10%) or More - Original CLTV Of 45.36% Is Below the Guideline Maximum Of 75% By Ten Percent (10%) or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 766 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
  DISCLOSURE TRACKING.pdf
Closing Disclosure xxxxxx.pdf
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827556 xxxxxx   C A A A C A A A Closed xxxxxx 2024-12-31 11:53 2025-01-06 09:06 Resolved 1 - Information B A Compliance Disclosures (Federal, State, and Data Dependent) Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-01/06/2025
Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-01/06/2025
Ready for Review-Document Uploaded.  - Seller-01/04/2025
Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-12/31/2024
Ready for Review-Document Uploaded.  - Seller-01/04/2025

Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-01/06/2025
 Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-01/06/2025
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.17
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5.24 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 24.9 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months
Original CLTV is Below the Guideline Maximum By Ten Percent (10%) or More - Original CLTV Of 45.36% Is Below the Guideline Maximum Of 75% By Ten Percent (10%) or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 766 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
  Counseling List & Receipt - xxxxxx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827622 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other      
828772 xxxxxx   D A D A A A A A Closed xxxxxx 2025-01-23 05:06 2025-01-28 13:27 Resolved 1 - Information D A Credit Missing Doc Entity Financial Statement Missing Resolved-Business LLC Documents provided.  - Due Diligence Vendor-01/28/2025
Ready for Review-Document Uploaded.  - Seller-01/27/2025
Open-Entity Document are missing for xxxxxx, A Delaware Limited Liability Company:
1.IRS document is missing.
2.LLC document is missing.
3.Formation document is missing.
4.Good standing document is missing.
5.Operating Agreement is missing. - Due Diligence Vendor-01/23/2025
Ready for Review-Document Uploaded.  - Seller-01/27/2025

Resolved-Business LLC Documents provided.  - Due Diligence Vendor-01/28/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 736 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 47.47 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months
  xxxxxx.pdf
xxxxxx(1).pdf
Certificate of Formation.pdf
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828775 xxxxxx   D A D A D A A A Closed xxxxxx 2025-01-27 10:43 2025-02-12 13:17 Resolved 1 - Information D A Credit Missing Doc Missing Lease Agreement Resolved-Per xxxxxx Guidelines: Lease agreements not required.  - Due Diligence Vendor-02/12/2025
Ready for Review-Document Uploaded. please clear, we do not require a lease  - Seller-02/06/2025
Counter-Document Uploaded. Per Guidelines: Lease agreements required.  - Due Diligence Vendor-01/29/2025
Ready for Review-no lease is needed  - Seller-01/28/2025
Open-Missing Lease Agreement for subject property.
 - Due Diligence Vendor-01/27/2025
Ready for Review-Document Uploaded. please clear, we do not require a lease  - Seller-02/06/2025

 Ready for Review-no lease is needed  - Seller-01/28/2025

Resolved-Per xxxxxx Guidelines: Lease agreements not required.  - Due Diligence Vendor-02/12/2025
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 40.2 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 736 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
  Screenshot 2025-01-28 132334.jpg

No lease .png
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828775 xxxxxx   D A D A D A A A Closed xxxxxx 2025-01-27 10:42 2025-02-07 13:37 Resolved 1 - Information D A Credit Missing Doc Entity Formation Documents for Main Entity and/or Sub-Entity Missing Resolved-Certificate of Good Standing provided.  - Due Diligence Vendor-02/07/2025
Ready for Review-Document Uploaded.  - Seller-02/06/2025
Open-Missing SOS Certificate of Good Standing. - Due Diligence Vendor-01/27/2025
Ready for Review-Document Uploaded.  - Seller-02/06/2025

Resolved-Certificate of Good Standing provided.  - Due Diligence Vendor-02/07/2025

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 40.2 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 736 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
  xxxxxx.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828775 xxxxxx   D A D A D A A A Closed xxxxxx 2025-01-27 10:42 2025-02-07 13:27 Resolved 1 - Information D A Credit Missing Doc Missing letter of explanation Resolved-Cash Out letter provided, Business Purpose.  - Due Diligence Vendor-02/07/2025
Ready for Review-Document Uploaded.  - Seller-02/06/2025
Open-Per lender approval "Provide a letter of explanation for the purpose of the cash out funds Any loan whereby the proceeds are used for personal, family, or household purposes is considered a consumer transaction and is ineligible for the DSCR Program. This includes cash-out on an investment properties where the loan proceeds are used for any personal use." The document was not located in the file. - Due Diligence Vendor-01/27/2025
Ready for Review-Document Uploaded.  - Seller-02/06/2025

Resolved-Cash Out letter provided, Business Purpose.  - Due Diligence Vendor-02/07/2025

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 40.2 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 736 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
  LOX Use of Cash.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828775 xxxxxx   D A D A D A A A Closed xxxxxx 2025-01-27 10:45 2025-01-29 07:03 Resolved 1 - Information D A Credit Missing Doc - Insurance Hazard Insurance Policy is Partial Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-01/29/2025
Ready for Review-policy has address in remarks  - Seller-01/28/2025
Open- Hazard Insurance Policy Partially Provided -  Document is incomplete or missing required policy information. Missing SOV to validate subject property insured value and coverage premium amount.  The policy provided is a blanket policy, but does not breakdown coverage per property insured. - Due Diligence Vendor-01/27/2025
Ready for Review-policy has address in remarks  - Seller-01/28/2025

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-01/29/2025

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 40.2 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 736 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
    ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828775 xxxxxx   D A D A D A A A Closed xxxxxx 2025-01-24 10:13 2025-01-29 07:00 Resolved 1 - Information D A Compliance Missing Doc - Rate Lock Missing evidence of rate lock Resolved-Evidence of Rate Lock Provided  - Due Diligence Vendor-01/29/2025

Ready for Review-Document Uploaded.  - Seller-01/28/2025

Open-Evidence of Rate Lock Missing  - Due Diligence Vendor-01/24/2025
Ready for Review-Document Uploaded.  - Seller-01/28/2025

Resolved-Evidence of Rate Lock Provided  - Due Diligence Vendor-01/29/2025

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 40.2 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 736 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
  Lock-20241227-152504635.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828852 xxxxxx   D A A A A A D A Closed xxxxxx 2025-01-29 10:20 2025-02-06 15:35 Resolved 1 - Information D A Property Property Issue Property located in a FEMA Declared Disaster area. Resolved-New PDI provided showing free/clear of any damage.  - Due Diligence Vendor-02/06/2025
Resolved-Per xxxxxx directive, property located outside of immediate impact area. PDI reflects no damage or impact to marketability and is acceptable - Due Diligence Vendor-02/06/2025
Ready for Review-Document Uploaded.  - Seller-02/05/2025
Open-Property is located in a FEMA Declared Disaster area and requires a post-disaster inspection. Property located in FEMA declared disaster county. Disaster is ongoing. Inspection required after stated completion or end date per FEMA, subject to investor requirements - Due Diligence Vendor-01/29/2025
Ready for Review-Document Uploaded.  - Seller-02/05/2025

Resolved-New PDI provided showing free/clear of any damage.  - Due Diligence Vendor-02/06/2025

 Resolved-Per xxxxxx directive, property located outside of immediate impact area. PDI reflects no damage or impact to marketability and is acceptable - Due Diligence Vendor-02/06/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 782 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 37.88% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 10 Years
  PDI.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
829241 xxxxxx   D A D A A A A A Closed xxxxxx 2025-02-28 16:08 2025-03-06 14:24 Resolved 1 - Information D A Credit Missing Doc - Insurance Hazard Insurance Policy is Partial Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/06/2025
Ready for Review-Document Uploaded. pg 1 says Replacement cost value  - Buyer-03/05/2025
Open-Document is incomplete or missing required policy information. Hazard Insurance Policy Partially Provided - Document is incomplete or missing required policy information. Landlord policy provided by xxxxxx reflects dwelling protection of $xxxxxx and fair rental loss. Estimated replacement cost in file. The Guidelines require that Policy also contain the verbiage “100% Replacement Cost”, “Guaranteed Replacement Cost”, “Replacement Cost Loss Settlement” or “Replacement Cost” for Dwelling coverage. This was not included in the policy. Additionally, an xxxxxx processor certification confirming coverage includes “replacement cost” (certification must include date/time, name/contact information of insurance agent) was not located in the file. - Due Diligence Vendor-02/28/2025
  Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/06/2025

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 40 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 70% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 128.83 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 758 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
  Houser HOI.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829250 xxxxxx   C A A A C A A A Closed xxxxxx 2025-03-18 14:12 2025-03-24 08:54 Resolved 1 - Information C A Compliance TRID Initial Closing Disclosure Delivery Date Test Resolved-ICD received, data entered, no additional compliance findings. - Due Diligence Vendor-03/24/2025
Ready for Review-Document Uploaded. See coc cd from xxxxxx - Seller-03/22/2025
Open-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; orThe 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 transactionThe 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. ***No CD disclosed at least 3 days prior to consummation found in the file - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded. See coc cd from xxxxxx - Seller-03/22/2025
Resolved-ICD received, data entered, no additional compliance findings. - Due Diligence Vendor-03/24/2025

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.05

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 146.6 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 46.72% Is Less Than The Guideline Maximum Of 55% By Five Percent (5%) Or More

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 68.19% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 773 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
  xxxxxx cd from xxxxxx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829250 xxxxxx   C A A A C A A A Closed xxxxxx 2025-03-18 14:12 2025-03-24 08:54 Resolved 1 - Information C A Compliance Points & Fees Reimbursement Amount Validation Test Resolved-ICD received, data entered, no additional compliance findings. - Due Diligence Vendor-03/24/2025
Ready for Review-Document Uploaded. See cd from xxxxxx - Buyer-03/22/2025
Open-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. ***No CD disclosed at least 3 days prior to consummation found in the file - Due Diligence Vendor-03/18/2025
  Resolved-ICD received, data entered, no additional compliance findings. - Due Diligence Vendor-03/24/2025

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.05

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 146.6 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 46.72% Is Less Than The Guideline Maximum Of 55% By Five Percent (5%) Or More

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 68.19% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 773 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
  xxxxxx cd from xxxxxx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829250 xxxxxx   C A A A C A A A Closed xxxxxx 2025-03-18 14:12 2025-03-24 08:54 Resolved 1 - Information C A Compliance Disclosures (Federal, State, and Data Dependent) Consummation or Reimbursement Date Validation Test Resolved-ICD received, data entered, no additional compliance findings. - Due Diligence Vendor-03/24/2025
Ready for Review-Document Uploaded. see cd from xxxxxx - Buyer-03/22/2025
Open-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. ***No CD disclosed at least 3 days prior to consummation found in the file - Due Diligence Vendor-03/18/2025
  Resolved-ICD received, data entered, no additional compliance findings. - Due Diligence Vendor-03/24/2025

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.05

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 146.6 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 46.72% Is Less Than The Guideline Maximum Of 55% By Five Percent (5%) Or More

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 68.19% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 773 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
  xxxxxx cd from xxxxxx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829250 xxxxxx   C A A A C A A A Closed xxxxxx 2025-03-18 14:12 2025-03-24 08:54 Resolved 1 - Information C A Compliance TRID Tolerance Charges That Cannot Increase Test Resolved-ICD received, data entered, no additional compliance findings. - Due Diligence Vendor-03/24/2025
Ready for Review-Document Uploaded. see cd from xxxxxx - Seller-03/22/2025
Open-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 $376.80.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). ***No CD disclosed at least 3 days prior to consummation found in the file - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded. see cd from xxxxxx - Seller-03/22/2025
Resolved-ICD received, data entered, no additional compliance findings. - Due Diligence Vendor-03/24/2025

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.05

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 146.6 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 46.72% Is Less Than The Guideline Maximum Of 55% By Five Percent (5%) Or More

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 68.19% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 773 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
  xxxxxx cd from xxxxxx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829403 xxxxxx   C A C A A A A A Closed xxxxxx 2025-02-27 15:21 2025-03-11 10:52 Resolved 1 - Information C A Credit Borrower Borrower Identification Documentation Partially Provided Resolved-Visa is not expired and doc type here is DSCR. Visa provided shows valid until xxxxxx which is 7 months from the app date of xxxxxx. - Due Diligence Vendor-03/11/2025
Ready for Review-Document Uploaded. Verus Exception email  - Buyer-03/04/2025
Open-xxxxxx Work Visa expired xxxxxx. - Due Diligence Vendor-02/27/2025
  Resolved-Visa is not expired and doc type here is DSCR. Visa provided shows valid until xxxxxx which is 7 months from the app date of xxxxxx. - Due Diligence Vendor-03/11/2025
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 65.89 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months   xxxxxx cert on immigration status.pdf
xxxxxx exception email on immigration.pdf
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829491 xxxxxx   D A A A D A A A Closed xxxxxx 2025-02-27 13:13 2025-03-04 07:45 Resolved 1 - Information D A Compliance Missing Doc - Closing Package The Note is Incomplete Resolved-The Note is Present - Due Diligence Vendor-03/04/2025

Ready for Review-Document Uploaded. See PPP Addendum to Note  - Buyer-03/03/2025

Open-The Note is Incomplete Per closing disclosure, prepayment on loan.  However, the prepayment rider to note is missing. - Due Diligence Vendor-02/27/2025
  Resolved-The Note is Present - Due Diligence Vendor-03/04/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 99.1 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months   xxxxxx PPP rider.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829493 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA      
829499 xxxxxx   D B D B A A A A Closed xxxxxx 2025-02-27 09:46 2025-03-03 13:52 Resolved 1 - Information D A Credit Missing Doc Entity Formation Documents for Main Entity and/or Sub-Entity Incomplete Resolved-Business Documents provided. - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded. Uploaded Articles of Incorporation and, EIN, and Entity info  - Buyer-02/28/2025
Open-Missing Operating Agreement/equivalent, Articles of formation/equivalent, Certificate of good standing, and/or evidence of EIN Missing Arizona SOS Certificate of Good Standing. - Due Diligence Vendor-02/27/2025
  Resolved-Business Documents provided. - Due Diligence Vendor-03/03/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 332.09 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 781 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 11.5 Years
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
  xxxxxx entity.pdf
xxxxxx EIN.pdf
xxxxxx Articles of Incorp.pdf
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829499 xxxxxx   D B D B A A A A Closed xxxxxx 2025-02-27 10:17 2025-03-03 13:51 Waived 2 - Non-Material D B Credit Missing Doc VOM or VOR missing/required Waived-Approved Investor Exception: Requesting an exception for the housing history on the primary. BWR sold a piece of land and is using the 1031 exchange to purchase 2 NOOs. The primary is a home that was owned by a family trust and deeded to the BWR. There was a deed of trust recorded, but no payments were ever made. The SAT also includes in LOX that no payments were required. The deed of trust states that any payments made were at the discretionary of the beneficiaries. No payments were made, so we have no housing history and what looks like a recent lien satisfied. The property for the 1031 exchange
never had a mortgage either - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded. Approved exception from the Investor. xxxxxx  - Buyer-02/28/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. First time investor: A borrower that does not meet the experienced investor criteria.  First time investors are eligible with the following restrictions: ... 12 month housing payment history. Matrix: Min. credit score 680, no mortgage late payments prior 36 months, >=36 months from any credit even, own a primary residence for at least 1 year, and cash out not eligible.

Exception Granted for Primary Housing:
Additional Detail: Requesting an exception for the housing history on the primary.  BWR sold a piece of land and is using a 1031 exchange to purchase 2 NOO's.  The primary is a home that was owned by a family trust and deeded to the BWR. There was a deed of trust recorded, but no payments were ever made.  The SAT also includes in LOX that no payments were required.  The deed of trust states that any payments made were at the discretionary of the beneficiaries.  No payments were made, so we have no housing history and what looks like a recent lien satisfied.  The property for the 1031 exchange never had a mortgage either.

"The request for an exception to Verus eligibility criteria is granted. However, the Verus party authorizing the exception did not identity themselves or sign/date the document. - Due Diligence Vendor-02/27/2025
  Waived-Approved Investor Exception: Requesting an exception for the housing history on the primary. BWR sold a piece of land and is using the 1031 exchange to purchase 2 NOOs. The primary is a home that was owned by a family trust and deeded to the BWR. There was a deed of trust recorded, but no payments were ever made. The SAT also includes in LOX that no payments were required. The deed of trust states that any payments made were at the discretionary of the beneficiaries. No payments were made, so we have no housing history and what looks like a recent lien satisfied. The property for the 1031 exchange
never had a mortgage either - Due Diligence Vendor-03/03/2025
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 332.09 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 781 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 11.5 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
829499_xxxxxx_approved_conditions_2.24.2025_122608_PM (1).pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA Originator Pre-Close Yes xxxxxx
829567 xxxxxx   D A A A A A D A Closed xxxxxx 2025-02-24 17:47 2025-02-27 14:35 Resolved 1 - Information D A Property Property Issue Property located in a FEMA Declared Disaster area. Resolved-Appraiser has made updates to the appraisal to denote that there was no damage as a result of the disaster xxxxxx. - Due Diligence Vendor-02/27/2025
Ready for Review-Document Uploaded. Please see attached revised appraisal / updated with Appraisers comments.
 - Due Diligence Vendor-02/27/2025
Open-Property is located in a FEMA Declared Disaster area and requires a post-disaster inspection. Property is located in an area that was previously declared a disaster by FEMA.  Guides require appraiser to comment on the impact or no impact as a result of the disaster for 120 days following the FEMA declared disaster end date. - Due Diligence Vendor-02/24/2025
  Resolved-Appraiser has made updates to the appraisal to denote that there was no damage as a result of the disaster xxxxxx. - Due Diligence Vendor-02/27/2025
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 755 is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 24.19 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
  Full Review xxxxxx_3472974_xxxxxx_2_27_2025_12549_PM.zip ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829601 xxxxxx   D B D B A A A A Closed xxxxxx 2025-02-28 09:59 2025-03-03 11:47 Waived 2 - Non-Material D B Credit Missing Doc VOM or VOR missing/required Waived-Approved Investor Exception: Requesting an exception for the housing history on the primary. BWR sold a piece of land and is using the 1031 exchange to purchase 2 NOOs. The primary is a home that was owned by a family trust and deeded to the BWR. There was a deed of trust recorded, but no payments were ever made. The SAT also includes in LOX that no payments were required. The deed of trust states that any  payments made were at the discretionary of the beneficiaries. No payments were made, so we have no housing history and what looks like a recent lien satisfied. The property for the 1031 exchange never had a mortgage either. - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded. Approved exception from Investor.  - Buyer-02/28/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. First time investor: A borrower that does not meet the experienced investor criteria. First time investors are eligible with the following restrictions: ... 12 month housing payment history. Matrix: Min. credit score 680, no mortgage late payments prior 36 months, >=36 months from any credit event, own a primary residence for at least 1 year, and cash out not eligible.

Could not locate exception in file. - Due Diligence Vendor-02/28/2025
  Waived-Approved Investor Exception: Requesting an exception for the housing history on the primary. BWR sold a piece of land and is using the 1031 exchange to purchase 2 NOOs. The primary is a home that was owned by a family trust and deeded to the BWR. There was a deed of trust recorded, but no payments were ever made. The SAT also includes in LOX that no payments were required. The deed of trust states that any  payments made were at the discretionary of the beneficiaries. No payments were made, so we have no housing history and what looks like a recent lien satisfied. The property for the 1031 exchange never had a mortgage either. - Due Diligence Vendor-03/03/2025
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 55.56% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 781 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 423.04 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 11.5 Years
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
829601_xxxxxx_approved_conditions_2.24.2025_121757_PM.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA Originator Post-Close Yes xxxxxx
829638 xxxxxx   D A D A A A A A Closed xxxxxx 2025-03-12 17:34 2025-03-15 14:28 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-03/15/2025
Ready for Review-Document Uploaded. LQCC dated xxxxxx. this is 10 business days before closing. xxxxxx  - Buyer-03/14/2025
Open-Borrower 1 Gap Credit Report is Missing Missing gap credit report. - Due Diligence Vendor-03/12/2025
  Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-03/15/2025

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.14

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 37.25 Years

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 11.43 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 35.50 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 12.4 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 761 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 50.94% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
  xxxxxx dated xxxxxx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829645 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA      
829783 xxxxxx   C A C A A A A A Closed xxxxxx 2025-02-27 15:55 2025-03-11 10:48 Resolved 1 - Information C A Credit Borrower Borrower Identification Documentation Partially Provided Resolved-Visa is not expired and doc type here is DSCR.  Visa provided shows valid until xxxxxx which is 7 months from the app date of xxxxxx.   - Due Diligence Vendor-03/11/2025
Ready for Review-Document Uploaded. See exception.  - Buyer-03/04/2025
Open-Borrower is Non-perm Resident Alien. Visa is showing expired as of xxxxxx. (pg 104). As Per Guidelines  Visa must not expire for 3 years following the close date. - Due Diligence Vendor-02/27/2025
  Resolved-Visa is not expired and doc type here is DSCR.  Visa provided shows valid until xxxxxx which is 7 months from the app date of xxxxxx.   - Due Diligence Vendor-03/11/2025
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 33.9 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months   xxxxxx exception email on immigration.pdf
xxxxxx cert on immigration status.pdf
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829791 xxxxxx   D A D A A A A A Closed xxxxxx 2025-02-28 17:30 2025-03-05 11:52 Resolved 1 - Information D A Credit Missing Doc - Insurance Hazard Insurance Policy is Partial Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded. See HOI docs.  - Buyer-03/04/2025
Open- Hazard Insurance Policy Partially Provided -  Document is incomplete or missing required policy information. Landlord policy provided by xxxxxx and reflects dwelling protection of $xxxxxx.

The Guidelines require that Policy must also contain 1. Rental loss coverage. This was not included in the policy. Additionally, an RM processor certification confirming coverage includes “replacement cost” (certification must include date/time, name/contact information of insurance agent) was not located in the file. Replacement Cost Estimate was not provided.  - Due Diligence Vendor-02/28/2025
  Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/05/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 238.89 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 7.16 Years

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 777 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
  xxxxxx email from agent.pdf
xxxxxx rce.pdf
xxxxxx original-9C1E3890-91FE-4A04-B3A3-EBE3929C6CF5.jpg
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829831 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other      
829925 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830003 xxxxxx   D A D A C A A A Closed xxxxxx 2025-02-11 10:21 2025-02-21 11:52 Resolved 1 - Information D A Credit Missing Doc Missing Income - Bank Statements Resolved-Updated Income worksheet provided with the Most current B/S per Guidelines.  - Due Diligence Vendor-02/21/2025
Ready for Review-Document Uploaded.  - Seller-02/21/2025
Counter-Document Uploaded. Loan closed xxxxxx - Lenders Bank statement worksheet is from Oct 2024-Nov 2023 which is the Income that was used to qualified $7,995.00 however per Guidelines: Business bank statements 12- or 24- months of consecutive business bank statements, the most recent statement dated within 90 days of the note date. - an Updated Income worksheet with Dec 2024 & Nov 2024 reflecting total deposits & excluded deposits needed to determine actual monthly income.  - Due Diligence Vendor-02/19/2025
Ready for Review-Document Uploaded.  - Seller-02/19/2025
Open-Bank statements provided are from November 2023 - October 2024.  Loan closed  xxxxxx.  Missing most recent bank statements from November and December 2024. - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded.  - Seller-02/21/2025

 Ready for Review-Document Uploaded.  - Seller-02/19/2025

Resolved-Updated Income worksheet provided with the Most current B/S per Guidelines.  - Due Diligence Vendor-02/21/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 66.21 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 50.63% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More
  Bank statement- xxxxxx.pdf
Screenshot 2025-02-19 132637.jpg
Income Calculation worksheet- xxxxxx.pdf
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830003 xxxxxx   D A D A C A A A Closed xxxxxx 2025-02-10 09:47 2025-02-20 09:43 Resolved 1 - Information B A Compliance Disclosures (Federal, State, and Data Dependent) Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-02/20/2025

Ready for Review-Document Uploaded.  - Seller-02/19/2025

Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-02/10/2025
Ready for Review-Document Uploaded.  - Seller-02/19/2025

Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-02/20/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 66.21 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 50.63% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More
  Home-Ownership Counseling Acknowledgement.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830003 xxxxxx   D A D A C A A A Closed xxxxxx 2025-02-11 10:10 2025-02-19 13:31 Resolved 1 - Information D A Credit Missing Doc Missing explanation and supporting documentation for large deposit(s) Resolved-Final HUD provided for large Deposit.  - Due Diligence Vendor-02/19/2025
Ready for Review-Document Uploaded.  - Seller-02/19/2025
Open-Missing Letter of explanation for large deposits. March 2024, $239,850.04, xxxxxx and copy of settlement statement. - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded.  - Seller-02/19/2025

Resolved-Final HUD provided for large Deposit.  - Due Diligence Vendor-02/19/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 66.21 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 50.63% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More
  Market Search Investments Settlement Statement 3_22_2024.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830003 xxxxxx   D A D A C A A A Closed xxxxxx 2025-02-10 09:48 2025-02-12 08:17 Resolved 1 - Information C A Compliance TRID TRID: Missing Closing Disclosure Resolved-ICD received, data entered, no additional compliance findings. - Due Diligence Vendor-02/12/2025
Ready for Review-Document Uploaded.  - Seller-02/11/2025
Open-**** Initial Closing Disclosure (required to be received by the consumer 3 business days prior to consummation, has not been provided.  A Compliance report cannot be processed until the requested material document(s) are received, which may result in additional Findings.  Please provide ICD and proof of delivery to borrower. - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded.  - Seller-02/11/2025

Resolved-ICD received, data entered, no additional compliance findings. - Due Diligence Vendor-02/12/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 66.21 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 50.63% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More
  Closing Disclosure (Alternate).pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830005 xxxxxx   D A D A A A A A Closed xxxxxx 2025-01-21 12:34 2025-02-05 09:34 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Audited LTV of 63.01% is less than or equal to Guideline LTV of 70% - Due Diligence Vendor-02/05/2025
Ready for Review-Document Uploaded. please see corrected xxxxxx Matrix - Seller-01/31/2025
Counter-Per 1008 and Loan documents in the file, Subject loan is a First Lien. xxxxxx Guidelines used.  - Due Diligence Vendor-01/31/2025
Ready for Review-This loan was locked with xxxxxx. They allow the LTV up to 70% and allow the Fico Score of 664 - Seller-01/29/2025
Counter-Document Uploaded. Per Guidelines: DSCR >1.00 with a Min Fico of 660 - Investment Cash out Max LTV is 65%, Property is located in a declining market, guides require a 10% LTV reduction brining the Max LTV to 55% - Due Diligence Vendor-01/23/2025
Ready for Review-Document Uploaded.  - Seller-01/23/2025
Open-Audited LTV of 63.01% exceeds Guideline LTV of 55% Subject is in a declining market and a 10% LTV adjustment was applied to the qualifying 65% LTV. No exception was located in the file.  - Due Diligence Vendor-01/21/2025
Ready for Review-Document Uploaded. please see corrected VERUS Matrix - Seller-01/31/2025

 Ready for Review-This loan was locked with VERUS. They allow the LTV up to 70% and allow the Fico Score of 664 - Seller-01/29/2025

 Ready for Review-Document Uploaded.  - Seller-01/23/2025

Resolved-Audited LTV of 63.01% is less than or equal to Guideline LTV of 70% - Due Diligence Vendor-02/05/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 49.27 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months Subject is in a declining market and a 10% LTV adjustment was applied to the qualifying 65% LTV. No exception was located in the file.  email explaination.pdf
DSCR matrix .jpg
Declining Market GL.jpg
1008 Fico 664.jpg
Verus xxxxxx Matrix.pdf
DSCR Matrix.pdf
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830005 xxxxxx   D A D A A A A A Closed xxxxxx 2025-01-21 12:14 2025-01-23 13:51 Resolved 1 - Information D A Credit Missing Doc Entity Formation Documents for Main Entity and/or Sub-Entity Incomplete Resolved-EIN provided. - Due Diligence Vendor-01/23/2025
Ready for Review-Document Uploaded.  - Seller-01/23/2025
Open-Evidence of Business Entity's EIN is missing from the file.  - Due Diligence Vendor-01/21/2025
Ready for Review-Document Uploaded.  - Seller-01/23/2025

Resolved-EIN provided. - Due Diligence Vendor-01/23/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 49.27 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months   email explaination.pdf

ARTICLES OF INCORPORATION _ OPERATING AGREEMENT (13).pdf
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830019 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA      
830057 xxxxxx   C A A A C A A A Closed xxxxxx 2025-01-14 10:48 2025-01-17 16:29 Resolved 1 - Information C A Compliance TRID Initial Closing Disclosure Delivery Date Test Resolved-Received ICD - Due Diligence Vendor-01/17/2025
Ready for Review-Document Uploaded. See xxxxxx CD - Due Diligence Vendor-01/17/2025
Counter-The APR is not the cause for the finding. The Initial CD was issued and received xxxxxx and closing took place on xxxxxx. Closing took place less than 3 business days from receipt of the Initial CD by the borrower, which is not in accordance with the 3 business day waiting period required per TRID regulation and the original file does not contain evidence indicating the borrower submitted in writing a request to waive the required 3 business days waiting period either. - Due Diligence Vendor-01/17/2025
Ready for Review-Apr went down and did not increase by .125%.  

 - Seller-01/16/2025
Counter-Received Closing Disclosure issued and received xxxxxx, which is less than 3 business days prior to closing.  - Due Diligence Vendor-01/16/2025
Ready for Review-Document Uploaded.  - Seller-01/15/2025
Open-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; orThe 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 transactionThe 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. ***No CD disclosed at least 3 days prior to consummation found in the file - Due Diligence Vendor-01/14/2025
Ready for Review-Apr went down and did not increase by .125%.  

 - Seller-01/16/2025

 Ready for Review-Document Uploaded.  - Seller-01/15/2025

Resolved-Received ICD - Due Diligence Vendor-01/17/2025

Original CLTV is Below the Guideline Maximum By Ten Percent (10%) or More - Original CLTV Of 62.95% Is Below the Guideline Maximum Of 90% By Ten Percent (10%) or More
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 6.2 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 7.96 Years
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 726 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
  VERIFICATION OF RECEIPT OF CD.pdf
VERIFICATION OF RECEIPT OF CD xxxxxx.pdf
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830057 xxxxxx   C A A A C A A A Closed xxxxxx 2025-01-09 14:26 2025-01-16 14:08 Resolved 1 - Information C A Compliance TRID TRID: Missing Closing Disclosure Resolved-Received ICD - Due Diligence Vendor-01/16/2025
Ready for Review-Document Uploaded.  - Seller-01/15/2025
Open-Initial closing disclosure is missing  - Due Diligence Vendor-01/09/2025
Ready for Review-Document Uploaded.  - Seller-01/15/2025

Resolved-Received ICD - Due Diligence Vendor-01/16/2025

Original CLTV is Below the Guideline Maximum By Ten Percent (10%) or More - Original CLTV Of 62.95% Is Below the Guideline Maximum Of 90% By Ten Percent (10%) or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 6.2 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 7.96 Years

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 726 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
  VERIFICATION OF RECEIPT OF CD.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830074 xxxxxx   C B C B A A A A Closed xxxxxx 2025-01-27 11:47 2025-01-29 08:28 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Updated Credit Supplement provided verifying 1x30x12  - Due Diligence Vendor-01/29/2025
Ready for Review-Document Uploaded. the late payment was for 12/2023 and not for 01/2024, hence late payment is not within 12 months - Seller-01/28/2025
Open-Housing History Does Not Meet Guideline Requirements Lender exception needed for Borrower late 1/2024 on 2 mortgages 1 x 30 x 12, lender guidelines are 0 x 30 x 12   Borrower LOE (page 209) states due to health issue.  - Due Diligence Vendor-01/27/2025
Ready for Review-Document Uploaded. the late payment was for 12/2023 and not for 01/2024, hence late payment is not within 12 months - Seller-01/28/2025

Resolved-Updated Credit Supplement provided verifying 1x30x12  - Due Diligence Vendor-01/29/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 28 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 728 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
  CREDIT SUPPLEMENT - xxxxxx.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830074 xxxxxx   C B C B A A A A Closed xxxxxx 2025-01-27 11:04 2025-01-27 11:04 Waived 2 - Non-Material B B Credit Eligibility Number of Mortgaged Properties and/or aggregate loan balance with lender exceeds max allowable. Waived-Lender exception for being in excess of $2,000,000 aggregate loans.  - Due Diligence Vendor-01/27/2025   Waived-Lender exception for being in excess of $2,000,000 aggregate loans.  - Due Diligence Vendor-01/27/2025
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 28 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 728 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
DSCR of 1.01
Borrower is experienced investor
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxxxxx
830074 xxxxxx   C B C B A A A A Closed xxxxxx 2025-01-24 07:54 2025-01-24 07:54 Waived 2 - Non-Material B B Credit Income Income/Employment General Waived-Exception to use lease agreement for DSCR calculation without 3 months proof of rental receipt. lease effective date is xxxxxx, 1 month proof of rental payment and security deposit have been verified. - Due Diligence Vendor-01/24/2025   Waived-Exception to use lease agreement for DSCR calculation without 3 months proof of rental receipt. lease effective date is xxxxxx, 1 month proof of rental payment and security deposit have been verified. - Due Diligence Vendor-01/24/2025
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 28 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 728 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
· DSCR 1.01
· Borrower is an experienced investor
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxxxxx
830080 xxxxxx   B B B B A A A A Closed xxxxxx 2025-01-22 14:22 2025-01-22 14:22 Waived 2 - Non-Material B B Credit Property Issue Property or house size is outside of guidelines Waived-GUIDELINE EXCEPTION 2: Exception for acreage of xxxxxx acres. as per guidelines, the maximum lot size allowed is 2 acres. - Due Diligence Vendor-01/22/2025   Waived-GUIDELINE EXCEPTION 2: Exception for acreage of xxxxxx acres. as per guidelines, the maximum lot size allowed is 2 acres. - Due Diligence Vendor-01/22/2025
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 50% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 93.27 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 7.75 Years
1. Post closing reserves of 87.65 months, 2. FICO of 679 is 19 points higher than minimum required, 3. Low LTV of 50%.   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA Originator Pre-Close Yes xxxxxx
830080 xxxxxx   B B B B A A A A Closed xxxxxx 2025-01-22 14:19 2025-01-22 14:19 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of 679 is less than Guideline FICO of 680 GUIDELINE EXCEPTION 1: Exception required for FICO of 679. as per guidelines, the minimum FICO required for IO is 680.
 - Due Diligence Vendor-01/22/2025
1. Post closing reserves of 87.65 months, 2. FICO of 679 is 19 points higher than minimum required, 3. Low LTV of 50%. - 01/22/2025

 



Waived-Audited FICO of 679 is less than Guideline FICO of 680 GUIDELINE EXCEPTION 1: Exception required for FICO of 679. as per guidelines, the minimum FICO required for IO is 680.
 - Due Diligence Vendor-01/22/2025

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 50% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 93.27 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 7.75 Years
    ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA Originator Pre-Close Yes xxxxxx
830118 xxxxxx   D A D A A A A A Closed xxxxxx 2025-03-07 13:45 2025-03-13 18:21 Resolved 1 - Information D A Credit Missing Doc Lender Income Calculation Worksheet is missing Resolved-Document Uploaded. Updated 1008 provided shows all income calculations for borrower base pay.   - Due Diligence Vendor-03/13/2025
Ready for Review-please see Updated 1008
 - Due Diligence Vendor-03/13/2025
Open-Missing Lender Worksheet or Bank Statement Summary Missing xxxxxx Income worksheet. - Due Diligence Vendor-03/07/2025
  Resolved-Document Uploaded. Updated 1008 provided shows all income calculations for borrower base pay.   - Due Diligence Vendor-03/13/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 25.10 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 117.55 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 23.66 Years
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 793 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 38.31% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
  Full Review xxxxxx_3558196_xxxxxx_3_13_2025_23013_PM.zip ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830141 xxxxxx   B B B B A A A A Closed xxxxxx 2025-02-24 07:40 2025-02-24 07:40 Waived 2 - Non-Material B B Credit Eligibility Loan does not conform to program guidelines Waived-Exception granted: Per 2.3.6.2 VESTING FOR BUSINESS PURPOSE LOANS (INVESTMENT OCCUPANCY) (2/26/2024) - Purpose and activities are limited to ownership and management of real property. LLC documents indicate purpose is marketing and consulting.  LLC vesting is good, but does not meet "sole purpose" requirements per guidelines. Request exception to allow. - Due Diligence Vendor-02/24/2025   Waived-Exception granted: Per 2.3.6.2 VESTING FOR BUSINESS PURPOSE LOANS (INVESTMENT OCCUPANCY) (2/26/2024) - Purpose and activities are limited to ownership and management of real property. LLC documents indicate purpose is marketing and consulting. Request exception to allow. - Due Diligence Vendor-02/24/2025

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 20 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 24.3 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 685 is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points
Credit Score 10 points > minimum required. Experienced investor owns and manages 2 or more properties for 12 months.   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes xxxxxx
830141 xxxxxx   B B B B A A A A Closed xxxxxx 2025-02-21 12:30 2025-02-24 07:38 Waived 2 - Non-Material B B Credit Missing Doc VOM or VOR missing/required Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Mtg we are paying off it not reporting on credit. We cannot provide the VOM/12 months payment as it is a hard money loan with no payment due until maturity. - Due Diligence Vendor-02/21/2025   Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Mtg we are paying off it not reporting on credit. We cannot provide the VOM/12 months payment as it is a hard money loan with no payment due until maturity. - Due Diligence Vendor-02/21/2025
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 20 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 24.3 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 685 is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points
Credit Score 10 points > minimum required. Experienced investor owns and manages 2 or more properties for 12 months.    ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes xxxxxx
830210 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA      
830224 xxxxxx   A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
830228 xxxxxx   A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated      
830294 xxxxxx   D A D A A A A A Closed xxxxxx 2025-02-18 16:01 2025-02-20 12:20 Resolved 1 - Information D A Credit Missing Doc - Income Borrower 1 Personal Bank Statements Missing Resolved-Updated 1003 provided.  - Due Diligence Vendor-02/20/2025
Ready for Review-Document Uploaded. Updated 1003 - Seller-02/20/2025
Counter-Document Uploaded. Final 1003 states xxxxxx account $81,269.34 - if not able to provide or no longer needing to use the Bank statement then an updated 1003 is needed.  - Due Diligence Vendor-02/20/2025
Ready for Review-Subject transaction is cash out of investment property and borrower receiving cash back around $150k, hence assets not required to document. Also as per UW guide we can use cash back to meet reserves requirement. As per UW guide for refinance transaction if lease is converted to month to month basis and we are not able to document current receipt than it will be treated as vacant. Max LTV allowed is 70%. Subject transaction LTV is 52% only. - Seller-02/19/2025
Open-Missing 2 month statement for xxxxxx account with an current cash value of $81,269.34 as stated on final 1003 and required by guidelines.  Additionally,  "If the lease has converted to month-to-month, then provide most recent two (2) months proof of receipt to evidence continuance of lease." No exception was located in the file for these two requirements. - Due Diligence Vendor-02/18/2025
Ready for Review-Document Uploaded. Updated 1003 - Seller-02/20/2025
 Ready for Review-Subject transaction is cash out of investment property and borrower receiving cash back around $150k, hence assets not required to document. Also as per UW guide we can use cash back to meet reserves requirement. As per UW guide for refinance transaction if lease is converted to month to month basis and we are not able to document current receipt than it will be treated as vacant. Max LTV allowed is 70%. Subject transaction LTV is 52% only. - Seller-02/19/2025
Resolved-Updated 1003 provided.  - Due Diligence Vendor-02/20/2025

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 52.31% Is Below The Guideline Maximum Of 65% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 83.12 Are Greater Than The Guideline Minimum Of 12 By Six (6) Or More Months
  Screenshot 2025-02-20 084047.jpg

Sys 1003.pdf
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830336 xxxxxx   D A D A D A A A Closed xxxxxx 2025-02-28 14:23 2025-03-05 07:32 Resolved 1 - Information D A Credit Missing Doc - Insurance Hazard Insurance Policy is Partial Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded. HOI - Buyer-03/04/2025
Open- Hazard Insurance Policy Partially Provided -  Document is incomplete or missing required policy information. Hazard Insurance Policy Partially Provided - Document is incomplete or missing required policy information. Landlord policy provided by xxxxxx reflects dwelling protection of $xxxxxx and fair rental loss. Estimated replacement cost in file. HOI Checklist in file completed by Trained. The Guidelines require that Policy also contain the verbiage “100% Replacement Cost”, “Guaranteed Replacement Cost”, “Replacement Cost Loss Settlement” or “Replacement Cost” for Dwelling coverage and standard liability coverage of at least $xxxxxx is required. These items were not included in the policy. Additionally, the xxxxxx processor certification provided confirming coverage includes “replacement cost” (certification must include date/time, name/contact information of insurance agent) was not located in the file. - Due Diligence Vendor-02/28/2025
  Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/05/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 92.15 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 15.08 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 59.45% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More
  xxxxxx Accord Form.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830336 xxxxxx   D A D A D A A A Closed xxxxxx 2025-02-28 05:37 2025-03-05 07:29 Resolved 1 - Information D A Compliance Missing Doc - Rate Lock Missing evidence of rate lock Resolved-Evidence of Rate Lock Provided  - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded. Lock confirmation  - Buyer-03/04/2025
Open-Evidence of Rate Lock Missing  - Due Diligence Vendor-02/28/2025
  Resolved-Evidence of Rate Lock Provided  - Due Diligence Vendor-03/05/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 92.15 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 15.08 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 59.45% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More
  xxxxxx rate lock.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830337 xxxxxx   D A D A C A A A Closed xxxxxx 2025-02-28 12:58 2025-03-06 13:06 Resolved 1 - Information D A Credit Missing Doc - Insurance Hazard Insurance Policy is Partial Resolved-HOI Policy provided stating Replacement costs - Due Diligence Vendor-03/06/2025
Ready for Review-Document Uploaded. HOI accord stated replacement cost coverage  - Buyer-03/05/2025
Counter-The Guidelines require that Policy also contain the verbiage “100% Replacement Cost”, “Guaranteed Replacement Cost”, “Replacement Cost Loss Settlement” or “Replacement Cost” for Dwelling coverage and standard liability coverage of at least $xxxxxx is required. These items were not included in the policy. Additionally, the RM processor certification provided confirming coverage includes “replacement cost” (certification must include date/time, name/contact information of insurance agent) was not located in the file. - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded. HOI  - Buyer-03/04/2025
Open- Hazard Insurance Policy Partially Provided -  Document is incomplete or missing required policy information. Landlord policy provided by xxxxxx reflects dwelling protection of $xxxxxx and fair rental loss.  Estimated replacement cost in file.  HOI Checklist in file completed by Trained.  

The Guidelines require that Policy also contain the verbiage “100% Replacement Cost”, “Guaranteed Replacement Cost”, “Replacement Cost Loss Settlement” or “Replacement Cost” for Dwelling coverage and standard liability coverage of at least $xxxxxx is required. These items were not included in the policy. Additionally, the xxxxxx processor certification provided confirming coverage includes “replacement cost” (certification must include date/time, name/contact information of insurance agent) was not located in the file. - Due Diligence Vendor-02/28/2025
  Resolved-HOI Policy provided stating Replacement costs - Due Diligence Vendor-03/06/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 83.42 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 15.08 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 65% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
  xxxxxx document (20).pdf
xxxxxx xxxxxx FORM.pdf
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830337 xxxxxx   D A D A C A A A Closed xxxxxx 2025-02-28 12:33 2025-03-04 14:40 Resolved 1 - Information C A Credit Income DSCR is less than the guideline minimum Resolved-2 Months proof of Lease Agreement payments provided.  - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded. two months cancelled rent checks  - Buyer-03/04/2025
Open-Guidelines state: If the lease agreement reflects higher rents than the Form 1007 or Form 1025, the lease agreement may be used up to 120% of the 1007 or 1025. [Additionally,] If the lease agreement reflects higher rents than the Form 1007 or Form 1025, the lease amount may be used for gross rents if two (2) months’ proof of receipt is verified.

The file does not contain two months bank statements to verify proof of receipt.  No exception noted in file to use the higher actual rental payment.
 - Due Diligence Vendor-02/28/2025
  Resolved-2 Months proof of Lease Agreement payments provided.  - Due Diligence Vendor-03/04/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 83.42 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 15.08 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 65% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
  xxxxxx rent check 1.png
xxxxxx rent check 2.png
ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830337 xxxxxx   D A D A C A A A Closed xxxxxx 2025-02-28 05:31 2025-03-04 14:34 Resolved 1 - Information C A Compliance TRID Final CD: Closing Date is missing or inaccurate Resolved- - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded. Borrower signed CD from the title company  - Buyer-03/04/2025
Open-Sign and date is missing in final CD - Due Diligence Vendor-02/28/2025
    Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 83.42 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 15.08 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 65% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
  xxxxxx Signed CD.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830415 xxxxxx   A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
830524 xxxxxx   D A A A A A D A Closed xxxxxx 2025-02-18 14:36 2025-02-24 17:55 Resolved 1 - Information D A Property Property Issue Property located in a FEMA Declared Disaster area. Resolved-Client provided PDI showing property is free from any damage as a result of the declared disaster.   - Due Diligence Vendor-02/24/2025
Ready for Review-Document Uploaded. Please see attached PDI.
 - Due Diligence Vendor-02/24/2025
Open-Property is located in a FEMA Declared Disaster area and requires a post-disaster inspection. Disaster is ongoing. Inspection required after stated completion or end date per FEMA, subject to investor requirements. - Due Diligence Vendor-02/18/2025
  Resolved-Client provided PDI showing property is free from any damage as a result of the declared disaster.   - Due Diligence Vendor-02/24/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 120.74 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 735 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 59.57% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 27 Years
  Full Review xxxxxx_3441019_xxxxxx_2_24_2025_113057_AM.zip ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Home Improvement/Reno N/A N/A xxxxxx
830575 xxxxxx   D A D A A A A A Closed xxxxxx 2025-03-05 04:39 2025-03-07 13:41 Resolved 1 - Information D A Credit Missing Doc Entity Formation Documents for Main Entity and/or Sub-Entity Incomplete Resolved-Certificate of Good Standing is now provided.  No further issues.   - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded. Please see attached Entity Certification of status.
 - Due Diligence Vendor-03/07/2025
Counter-Entity formation docs, EIN information and filing of such are in the file already.  Only item missing is the most recent Certificate of Good Standing for the business.   - Due Diligence Vendor-03/06/2025
Ready for Review-These were provided in the original upload, please advise why/if they are not sufficient.
 - Due Diligence Vendor-03/06/2025
Open-Missing Operating Agreement/equivalent, Articles of formation/equivalent, Certificate of good standing, and/or evidence of EIN Provide Certificate of Good Standing for xxxxxx. - Due Diligence Vendor-03/05/2025
  Resolved-Certificate of Good Standing is now provided.  No further issues.   - Due Diligence Vendor-03/07/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 9.88 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months   Full Review xxxxxx_3529219_230 xxxxxx_3_7_2025_112510_AM.zip ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
830655 xxxxxx   C A A A A A C A Closed xxxxxx 2025-03-03 06:45 2025-03-06 12:31 Resolved 1 - Information C A Property Property Issue Property located in a FEMA Declared Disaster area. Resolved-Per Verus directive, property located outside of immediate impact area. PDI reflects no damage or impact to marketability and is acceptable - Due Diligence Vendor-03/06/2025
Ready for Review-Document Uploaded.  - Seller-03/05/2025
Open-Property located in FEMA declared disaster county. Disaster is ongoing. Inspection required after stated completion or end date per FEMA, subject to investor requirements. Appraisal was completed 12/26/24. - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded.  - Seller-03/05/2025

Resolved-Per Verus directive, property located outside of immediate impact area. PDI reflects no damage or impact to marketability and is acceptable - Due Diligence Vendor-03/06/2025
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.87 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months

Original CLTV is Below the Guideline Maximum By Ten Percent (10%) or More - Original CLTV Of 64.68% Is Below the Guideline Maximum Of 85% By Ten Percent (10%) or More

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.06

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 13.75 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 14.33 Years
  xxxxxx PDI.pdf ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830672 xxxxxx   D A D A A A A A Closed xxxxxx 2025-03-14 16:59 2025-03-18 10:35 Resolved 1 - Information D A Credit Missing Doc - Insurance Hazard Insurance Policy is Missing Resolved-Hazard Insurance Policy provided. - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded.  - Seller-03/17/2025
Open-Missing Hazard Insurance Policy HOI document is missing for subject property. - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded.  - Seller-03/17/2025

Resolved-Hazard Insurance Policy provided. - Due Diligence Vendor-03/18/2025

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.24

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 10.44 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 10.65 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.71 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 42.15% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
  xxxxxx HOI.pdf ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830756 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA      
830804 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-07 02:25 2025-03-13 12:35 Resolved 1 - Information D A Credit Missing Doc - Income Borrower 1 Paystubs Missing Resolved-Borrower 1 Paystubs Provided - Due Diligence Vendor-03/13/2025
Ready for Review-Document Uploaded.  - Seller-03/12/2025
Open-Borrower 1 Paystubs Missing - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/12/2025

Resolved-Borrower 1 Paystubs Provided - Due Diligence Vendor-03/13/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 814 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.01
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 15 Years
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 16.83 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 91.55 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 75% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 23.22% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More
  Paystubs.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830804 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-07 02:25 2025-03-13 12:35 Resolved 1 - Information D A Credit Missing Doc - Income Borrower 1 W2/1099 Missing Resolved-Borrower 1 W2/1099 Provided - Due Diligence Vendor-03/13/2025
Ready for Review-Document Uploaded.  - Seller-03/12/2025
Open-Borrower 1 W2/1099 Missing - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/12/2025

Resolved-Borrower 1 W2/1099 Provided - Due Diligence Vendor-03/13/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 814 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.01

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 15 Years

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 16.83 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 91.55 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 75% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 23.22% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More
  w2.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830804 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-07 03:22 2025-03-13 12:34 Resolved 1 - Information B A Credit Missing Doc - Approval Info Underwriting Summary Not Provided Resolved-1008/Underwriting Summary is fully present - Due Diligence Vendor-03/13/2025
Ready for Review-Document Uploaded.  - Seller-03/12/2025
Open-1008/Underwriting Summary Not Provided - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/12/2025

Resolved-1008/Underwriting Summary is fully present - Due Diligence Vendor-03/13/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 814 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.01

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 15 Years

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 16.83 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 91.55 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 75% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 23.22% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More
  1008.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830804 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-11 18:02 2025-03-11 18:02 Waived 2 - Non-Material B B Credit Missing Doc VOM or VOR missing/required Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Request to waive the VOR requirement approved by Verus. - Due Diligence Vendor-03/11/2025   Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Request to waive the VOR requirement approved by Verus. - Due Diligence Vendor-03/11/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 814 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.01

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 15 Years

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 16.83 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 91.55 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 75% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 23.22% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More
No comp factors provided.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Originator Pre-Close Yes xxxxxx
830845 xxxxxx   C A C A A A A A Closed xxxxxx 2025-03-07 09:43 2025-03-12 11:35 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Audited Reserves of 4.98 are greater than or equal to Guideline Required Reserves of 3 - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. Rebut - please see attached.  Loan submitted under our Core DSCR program, which only requires 2 months for the subject loan amount. - Buyer-03/11/2025
Open-Audited Reserves of 4.98 are less than Guideline Required Reserves of 6 Total Reserve Amount Shortage is ( $-4,354.50 )

AS per 1008 considered 2 months reserves but as per guideline considered 6 months reserves.  - Due Diligence Vendor-03/07/2025
  Resolved-Audited Reserves of 4.98 are greater than or equal to Guideline Required Reserves of 3 - Due Diligence Vendor-03/12/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 722 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points   Core DSCR.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830874 xxxxxx   C A C A A A A A Closed xxxxxx 2025-03-07 06:22 2025-03-10 10:39 Resolved 1 - Information C A Credit Income Borrower 1 Paystubs Less Than 1 Month Provided Resolved-Borrower 1 Paystubs Greater Than or Equal To 1 Month Provided - Due Diligence Vendor-03/10/2025
Ready for Review-This is not a requirement - GL's say "OR" on page 27.
-per GL's· Employment status can be established as follows for wage/salary borrowers:
o A YTD pay stub dated within 30 days of the Note date; or
o A Verbal VOE dated no more than 10 calendar days prior to the Note date. The VVOE should
include the following data:
§ Borrower name
28 | P a g e
xxxxxx – Closed End Second Program 12/20/2024
§ Loan number
§ Current position
§ Verification that borrower’s employment is currently active
§ Employer name/company name
§ Employer contact name and title
§ Name of individual who completed the VVOE
§ Business phone number must be independently verified; or
 - Seller-03/07/2025
Open-Borrower 1 Paystubs Less Than 1 Month Provided Guidelines require the borrower’s most recent pay stubs reflecting 30 days of pay and YTD earnings for wage earner or .  The file contains one pay stub covering 1 week of pay.  WVOE in fie, however, not eligible for standard income documentation unless used in conjunction with documents verifying variable income.  Borrower is qualifying on Base wage income only. - Due Diligence Vendor-03/07/2025
Ready for Review-This is not a requirement - GL's say "OR" on page 27.
-per GL's· Employment status can be established as follows for wage/salary borrowers:
o A YTD pay stub dated within 30 days of the Note date; or
o A Verbal VOE dated no more than 10 calendar days prior to the Note date. The VVOE should
include the following data:
§ Borrower name
28 | P a g e
xxxxxx – Closed End Second Program 12/20/2024
§ Loan number
§ Current position
§ Verification that borrower’s employment is currently active
§ Employer name/company name
§ Employer contact name and title
§ Name of individual who completed the VVOE
§ Business phone number must be independently verified; or
 - Seller-03/07/2025
Resolved-Borrower 1 Paystubs Greater Than or Equal To 1 Month Provided - Due Diligence Vendor-03/10/2025

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 14 Years

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.1

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 5.91 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 6.81 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 760 is Greater Than The Guideline Minimum Of 740 By Twenty (20) or More Points

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 33.85% Is Less Than The Guideline Maximum Of 45% By Five Percent (5%) Or More
    ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830900 xxxxxx   D A D A A A A A Closed xxxxxx 2025-03-03 08:17 2025-03-03 16:40 Resolved 1 - Information D A Credit Missing Doc Entity Formation Documents for Main Entity and/or Sub-Entity Incomplete Resolved-Entity docs were provided by client.  No futher issues.   - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded. See LLC Docs  
 - Due Diligence Vendor-03/03/2025
Open-Missing Operating Agreement/equivalent, Articles of formation/equivalent, Certificate of good standing, and/or evidence of EIN Provide documentation to show xxxxxx with Evidence of Good Standing as required by guidelines (Section 2.3.6.2.2). - Due Diligence Vendor-03/03/2025
  Resolved-Entity docs were provided by client.  No futher issues.   - Due Diligence Vendor-03/03/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 702 is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 27.98 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months
  Full Review xxxxxx_3510886_xxxxxx_3_3_2025_122619_PM.zip ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830912 xxxxxx   A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
830916 xxxxxx   D A D A A A D A Closed xxxxxx 2025-03-11 17:05 2025-03-28 18:33 Resolved 1 - Information D A Property Missing Doc HOA Questionnaire is Missing or incomplete Resolved-HOA Questionnaire is Provided - Due Diligence Vendor-03/28/2025
Ready for Review-Document Uploaded. Please see attached HOA Questionnaire.
 - Due Diligence Vendor-03/28/2025
Open-HOA Questionnaire Document status is Missing.   - Due Diligence Vendor-03/11/2025
  Resolved-HOA Questionnaire is Provided - Due Diligence Vendor-03/28/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 39.29 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5.18 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 34.22% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8.08 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 70% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
  Full Review xxxxxx_3586138_xxxxxx_3_28_2025_41234_PM.zip Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830916 xxxxxx   D A D A A A D A Closed xxxxxx 2025-03-11 17:38 2025-03-17 18:30 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-UDM provided for borrower.  No issues with statement.   - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. Please see the attached correct gap report.
 - Due Diligence Vendor-03/17/2025
Counter-Received gap credit report for xxxxxx who is not the borrower.  Need the same for our borrower, xxxxxx.   - Due Diligence Vendor-03/17/2025
Ready for Review-Please see date at the bottom of the report
 - Due Diligence Vendor-03/17/2025
Open-Borrower 1 Gap Credit Report is Missing As Per Guidelines A gap credit report or Undisclosed Debt Monitoring (UDM) report is required no more than 30- days prior to loan closing or any time after closing. - Due Diligence Vendor-03/11/2025
  Resolved-UDM provided for borrower.  No issues with statement.   - Due Diligence Vendor-03/17/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 39.29 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5.18 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 34.22% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8.08 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 70% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
  Full Review xxxxxx_3586401_xxxxxx_3_17_2025_45012_PM.zip Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830916 xxxxxx   D A D A A A D A Closed xxxxxx 2025-03-13 12:41 2025-03-17 18:28 Resolved 1 - Information D A Credit Missing Doc - Assets Asset 2 Missing Resolved-Settlement statement has now been provided.  No further issues.   - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. Please see the attached correct Settlement Statement.
 - Due Diligence Vendor-03/17/2025
Counter-Received a settlement statement for the sale of xxxxxx and not tied to our borrower.  Looking for settlement statement from the sale of xxxxxx - Due Diligence Vendor-03/17/2025
Ready for Review-Please see attached CD.
 - Due Diligence Vendor-03/17/2025
Open-Missing copy of Closing Disclosure to verify proceeds from sale of prior residence. - Due Diligence Vendor-03/13/2025
  Resolved-Settlement statement has now been provided.  No further issues.   - Due Diligence Vendor-03/17/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 39.29 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5.18 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 34.22% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8.08 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 70% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
  Full Review xxxxxx_3604372_xxxxxx_3_17_2025_45654_PM.zip Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830953 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA      
831033 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831142 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA      
831270 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831274 xxxxxx   D A D A A A A A Closed xxxxxx 2025-02-25 18:09 2025-02-27 14:38 Resolved 1 - Information D A Credit Missing Doc - Insurance Flood Certificate Partially Provided Resolved-Flood Certificate is fully present - Due Diligence Vendor-02/27/2025
Open-Flood Certificate is Partially Provided Life of Loan Determination required, basic determination provided by Flood Cert. - Due Diligence Vendor-02/25/2025
  Resolved-Flood Certificate is fully present - Due Diligence Vendor-02/27/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 27.52 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 759 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
  Full Review xxxxxx_3481005_xxxxxx_2_27_2025_124713_PM.zip ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831356 xxxxxx   A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA      
831387 xxxxxx   C A C A A A A A Closed xxxxxx 2025-03-15 05:51 2025-03-19 10:01 Resolved 1 - Information C A Credit Insurance Inadequate Hazard Insurance Coverage - Amount of coverage is less than primary lien amount and the Replacement Cost Value Estimator was not Provided by the Insurer Resolved-Sufficent Hazard Insurance Coverage is provided - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded.  - Seller-03/18/2025
Open-Inadequate Hazard Insurance Coverage and Replacement Cost Estimator was not Provided  - Hazard Insurance Coverage in the amount of $xxxxxx is less than the minimum required coverage amount of $xxxxxx Please provide evidence of sufficient hazard insurance OR satisfactory RCE(replacement cost estimate)  - Due Diligence Vendor-03/15/2025
Ready for Review-Document Uploaded.  - Seller-03/18/2025

Resolved-Sufficent Hazard Insurance Coverage is provided - Due Diligence Vendor-03/19/2025

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 12.24% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 169.24 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More
  Screenshot 2025-03-18 124629.png Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831439 xxxxxx   A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
831475 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA      
831547 xxxxxx   C A C A A A A A Closed xxxxxx 2025-03-21 15:16 2025-03-27 11:33 Resolved 1 - Information C A Credit Insurance Inadequate Hazard Insurance Coverage - Amount of coverage is less than primary lien amount and the Replacement Cost Value Estimator was not Provided by the Insurer Resolved-Sufficent Hazard Insurance Coverage is provided - Due Diligence Vendor-03/27/2025
Ready for Review- - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. See lox and master HOI policy.  - Buyer-03/26/2025
Open-Inadequate Hazard Insurance Coverage and Replacement Cost Estimator was not Provided  - Hazard Insurance Coverage in the amount of $xxxxxx is less than the minimum required coverage amount of $xxxxxx - Due Diligence Vendor-03/21/2025
  Resolved-Sufficent Hazard Insurance Coverage is provided - Due Diligence Vendor-03/27/2025

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 775 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 67.45% Is Below The Guideline Maximum Of 85% By Ten Percent (10%) Or More
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 14.19% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 17.41 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 593.23 Are Greater Than The Guideline Minimum Of 9 By Six (6) Or More Months
  xxxxxx lox.pdf
xxxxxx master hoi.pdf
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
831629 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831961 xxxxxx   A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA      
832150 xxxxxx   D A A A D A A A Closed xxxxxx 2025-03-18 11:36 2025-03-24 08:24 Resolved 1 - Information D A Compliance Missing Doc Prepayment Rider Missing Resolved-PPP Rider provided.  - Due Diligence Vendor-03/24/2025
Ready for Review-Document Uploaded. PPP Rider  - Buyer-03/22/2025
Open-Prepayment Rider Missing. - Due Diligence Vendor-03/18/2025
  Resolved-PPP Rider provided.  - Due Diligence Vendor-03/24/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 6.21 Years
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 10 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 73.18 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 15 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 10.06% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 75% Is Below The Guideline Maximum Of 85% By Ten Percent (10%) Or More
  xxxxxx.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
832289 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA      
832348 xxxxxx   D A D A D A A A Closed xxxxxx 2025-03-20 15:43 2025-03-27 13:00 Resolved 1 - Information D A Compliance Missing Doc - State Disclosure Attorney Preference Letter missing or unexecuted Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded.  - Seller-03/27/2025
Counter-Right To Choose Attorney or Attorney Preference not provided******* Please provide entire initial disclosure package for review - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. initial disclosures all pages  attny letter page 80 - Seller-03/26/2025
Open-Right To Choose Attorney or Attorney Preference Not In File *******  Please provide entire initial disclosure package for review - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded.  - Seller-03/27/2025

 Ready for Review-Document Uploaded. initial disclosures all pages  attny letter page 80 - Seller-03/26/2025

Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-03/27/2025
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 28.77 Years
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 32.08 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.27 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 28.15% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 712 is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
  xxxxxx.pdf
GA Notice of Right to Select Attorney - Disclosure #1 xxxxxx.pdf
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832348 xxxxxx   D A D A D A A A Closed xxxxxx 2025-03-24 08:16 2025-03-27 09:11 Resolved 1 - Information D A Compliance Missing Doc - ROR Right of Rescission is Missing Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded.  - Seller-03/26/2025
Open-Right of Rescission is Missing *******  Please provide entire  executed closing package for review - Due Diligence Vendor-03/24/2025
Ready for Review-Document Uploaded.  - Seller-03/26/2025

Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-03/27/2025
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 28.77 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 32.08 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.27 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 28.15% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 712 is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
  Notice of Right to Cancel xxxxxx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832348 xxxxxx   D A D A D A A A Closed xxxxxx 2025-03-20 15:43 2025-03-27 09:11 Resolved 1 - Information B A Compliance Missing Doc - Federal Disclosure Required Affiliated Business Disclosure Missing Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded.  - Seller-03/26/2025
Open-Required Affiliated Business Disclosure Missing *******  Please provide entire initial disclosure package for review - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded.  - Seller-03/26/2025

Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-03/27/2025
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 28.77 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 32.08 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.27 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 28.15% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 712 is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
  affiliated business agreement.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832348 xxxxxx   D A D A D A A A Closed xxxxxx 2025-03-20 15:43 2025-03-27 09:11 Resolved 1 - Information B A Compliance Missing Doc - Federal Disclosure Initial Escrow Account Disclosure is Missing Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded.  - Seller-03/26/2025
Open-Initial Escrow Account Disclosure is Missing *******  Please provide entire  executed closing package for review - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded.  - Seller-03/26/2025

Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-03/27/2025
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 28.77 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 32.08 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.27 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 28.15% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 712 is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
  Initial Escrow Account Disclosure Statement xxxxxx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832348 xxxxxx   D A D A D A A A Closed xxxxxx 2025-03-20 15:43 2025-03-27 09:10 Resolved 1 - Information B A Compliance Disclosures (Federal, State, and Data Dependent) Homeownership Counseling Disclosure Is Missing Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded.  - Seller-03/26/2025
Open-Homeownership Counseling Disclosure Is Missing *******  Please provide entire initial disclosure package for review - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded.  - Seller-03/26/2025

Resolved-Documentation provided is sufficient. xxxxxx. - Due Diligence Vendor-03/27/2025
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 28.77 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 32.08 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.27 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 28.15% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 712 is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
  Homeownship Counseling Organization List - Disclosure #1.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832348 xxxxxx   D A D A D A A A Closed xxxxxx 2025-03-20 08:33 2025-03-25 19:34 Resolved 1 - Information D A Credit Missing Doc - Insurance Flood Certificate Missing Resolved-Flood Certificate is fully present - Due Diligence Vendor-03/25/2025
Open-Missing Flood Certificate for subject property. - Due Diligence Vendor-03/20/2025
  Resolved-Flood Certificate is fully present - Due Diligence Vendor-03/25/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 28.77 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 32.08 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.27 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 28.15% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 712 is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
    Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832348 xxxxxx   D A D A D A A A Closed xxxxxx 2025-03-20 08:33 2025-03-25 19:34 Resolved 1 - Information D A Credit Missing Doc - Insurance Hazard Insurance Policy is Missing Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/25/2025
Open-Missing Hazard Insurance Policy for subject property. - Due Diligence Vendor-03/20/2025
  Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/25/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 28.77 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 32.08 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.27 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 28.15% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 712 is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
    Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832348 xxxxxx   D A D A D A A A Closed xxxxxx 2025-03-20 08:34 2025-03-25 19:32 Resolved 1 - Information D A Credit Missing Doc - Credit Third Party Fraud Report not Provided Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-03/25/2025
Open-Missing Third Party Fraud Report - Due Diligence Vendor-03/20/2025
  Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-03/25/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 28.77 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 32.08 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.27 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 28.15% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 712 is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
    Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832348 xxxxxx   D A D A D A A A Closed xxxxxx 2025-03-20 10:20 2025-03-25 19:32 Resolved 1 - Information B A Credit Missing Doc - Approval Info Underwriting Summary Not Provided Resolved-1008 provided - Due Diligence Vendor-03/25/2025
Open-1008/Underwriting Summary Not Provided - Due Diligence Vendor-03/20/2025
  Resolved-1008 provided - Due Diligence Vendor-03/25/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 28.77 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 32.08 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.27 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 28.15% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 712 is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
    Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832486 xxxxxx   B B B B A A A A Closed xxxxxx 2025-03-12 06:01 2025-03-14 16:28 Waived 2 - Non-Material B B Credit Seasoning Minimum Ownership seasoning not met Waived-EXCEPTION REQUIRED TO USE THE APPRAISED VALUE INSTEAD OF PURCHASE PRICE FOR LTV CONSIDERATION. PROPERTY WAS ACQUIRED LESS THAN 6 MONTHS AGO, WHICH DOES NOT MEET MIN SEASONING. - Due Diligence Vendor-03/12/2025   Waived-EXCEPTION REQUIRED TO USE THE APPRAISED VALUE INSTEAD OF PURCHASE PRICE FOR LTV CONSIDERATION. PROPERTY WAS ACQUIRED
LESS THAN 6 MONTHS AGO. - Due Diligence Vendor-03/12/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 22.39 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 18.41 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 17 Years
1. Credit Score is 714, minimum required is 660
2. Payment shock is 97.781%, max allowed is 300%
3. Residual income $7,229.94, max allowed is $2,500
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 Originator Pre-Close Yes xxxxxx
832486 xxxxxx   B B B B A A A A Closed xxxxxx 2025-03-12 05:58 2025-03-12 05:58 Waived 2 - Non-Material B B Credit Eligibility Audited DTI Exceeds Guideline DTI Waived-Audited DTI of 44.17% exceeds Guideline DTI of 43%  EXCEPTION FOR CURRENT DTI OF 45.006% IS MORE THAN THE ACCEPTABLE LIMIT OF 43% ON A P&L ONLY PROGRAM - Due Diligence Vendor-03/12/2025   Waived-Audited DTI of 44.17% exceeds Guideline DTI of 43%  EXCEPTION FOR CURRENT DTI OF 45.006% IS MORE THAN THE ACCEPTABLE LIMIT OF 43% ON A P&L ONLY PROGRAM - Due Diligence Vendor-03/12/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 22.39 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 18.41 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 17 Years
1. Credit Score is 714, minimum required is 660
2. Payment shock is 97.781%, max allowed is 300%
3. Residual income $7,229.94, max allowed is $2,500
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 Originator Post-Close Yes xxxxxx
832489 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA      
832492 xxxxxx   B B B B A A A A Closed xxxxxx 2025-02-28 13:21 2025-03-03 09:52 Waived 2 - Non-Material B B Credit Eligibility Borrower owns more financed properties than allowed per guidelines Waived-Exception approval to exceed the total of 10 financed properties allowed by xxxxxx. Borrower has >xxxxxx Investment properties  - Due Diligence Vendor-02/28/2025   Waived-Exception approval to exceed the total of 10 financed properties allowed by xxxxxx - Due Diligence Vendor-02/28/2025
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 14.83 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 74.93 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 14.91 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 27.75 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 20.92% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More
1. Representative score of 724 when minimum required score is 660.
2. Credit profile includes total of 104 tradelines, 95 of which are mortgage accounts. Oldest trade from 1991 – established credit.
3. Liquid assets of $3,432,967.90
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxxxxx
832492 xxxxxx   B B B B A A A A Closed xxxxxx 2025-02-28 13:20 2025-03-03 09:51 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Exception required to use three investment properties and primary as the basis of mortgage housing histories. Borrower has xxxxxx+ investment
properties - Due Diligence Vendor-02/28/2025
  Waived-Exception required to use three investment properties and primary as the basis of mortgage housing histories. Borrower has xxxxxx+ investment
properties - Due Diligence Vendor-02/28/2025
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 14.83 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 74.93 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 14.91 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 27.75 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 20.92% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More
COMPENSATING FACTORS:
1. Representative score of 724 when minimum required score is 660.
2. Credit profile includes total of 104 tradelines, 95 of which are mortgage accounts. Oldest trade from 1991 – established credit.
3. Verified assets of $3,432,967.90
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxxxxx
832492 xxxxxx   B B B B A A A A Closed xxxxxx 2025-02-28 13:19 2025-03-03 09:51 Waived 2 - Non-Material B B Credit Eligibility Loan does not conform to program guidelines Waived-Exception required to allow for 1x30x12 on mortgage account with xxxxxx dated 08/2024; when housing requires 0x30x12. - Due Diligence Vendor-02/28/2025   Waived-Exception required to allow for 1x30x12 on mortgage account with xxxxxx dated 08/2024; when housing requires 0x30x12. - Due Diligence Vendor-02/28/2025
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 14.83 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 74.93 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 14.91 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 27.75 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 20.92% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More
1. Representative score of 724 when minimum required score is 660.
2. Credit profile includes total of 104 tradelines, 95 of which are mortgage accounts. Oldest trade from 1991 – established credit.
3. Verified assets of $3,432,967.90
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxxxxx
832492 xxxxxx   B B B B A A A A Closed xxxxxx 2025-02-28 13:22 2025-03-03 09:51 Waived 2 - Non-Material B B Credit Eligibility Number of Mortgaged Properties and/or aggregate loan balance with lender exceeds max allowable. Waived-Exception approval to exceed the aggregate loan amount exposure limit of $2,000,000.00 allowed by xxxxxx. - Due Diligence Vendor-02/28/2025   Waived-Exception approval to exceed the aggregate loan amount exposure limit of $2,000,000.00 allowed by xxxxxx. - Due Diligence Vendor-02/28/2025
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 14.83 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 74.93 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 14.91 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 27.75 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 20.92% Is Less Than The Guideline Maximum Of 43% By Five Percent (5%) Or More
1. Representative score of 724 when minimum required score is 660.
2. Credit profile includes total of 104 tradelines, 95 of which are mortgage accounts. Oldest trade from 1991 – established credit.
3. Verified assets of $3,432,967.90
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxxxxx
832498 xxxxxx   C B C B A A A A Closed xxxxxx 2025-03-04 07:43 2025-03-05 13:18 Waived 2 - Non-Material C B Credit Income DSCR is less than the guideline minimum Waived-Approved Lender Exception:  Exception for DSCR <1.0. The current DSCR is at 0.79. - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded. This is a xxxxxx exception approved please clear - Seller-03/04/2025
Open-Exception in file is for a minimum DSCR of .79 the lender and TPR verified a DSCR of .77.  Exception is not valid  - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded. This is a xxxxxx exception approved please clear - Seller-03/04/2025
Waived-Approved Lender Exception:  Exception for DSCR <1.0. The current DSCR is at 0.79. - Due Diligence Vendor-03/05/2025

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 58.62% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 785 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 29.36 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 23.66 Years
Low LTV of 58.621%
Post Closing reserves of 27.64 months
Fico of 785 is 125 points higher than the minimum required.
EXCEPTION FORM.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Post-Close Yes xxxxxx
832498 xxxxxx   C B C B A A A A Closed xxxxxx 2025-03-04 14:57 2025-03-05 13:17 Resolved 1 - Information C A Credit Borrower Borrower 1 Credit Report is Incomplete Resolved-Borrower 1 Credit Report is not partially present. - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded.  - Seller-03/04/2025
Open-Borrower 1 Credit Report is Partially Present. Original credit report in file is cut off - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded.  - Seller-03/04/2025

Resolved-Borrower 1 Credit Report is not partially present. - Due Diligence Vendor-03/05/2025

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 58.62% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 785 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 29.36 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 23.66 Years
  CREDIT REPORT.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
832501 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-05 09:13 2025-03-10 09:27 Resolved 1 - Information D A Credit Missing Doc - Title Personal Guaranty is Missing Resolved-Personal Guaranty is Present. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded.  - Seller-03/07/2025
Open-Personal Guaranty is missing. - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded.  - Seller-03/07/2025

Resolved-Personal Guaranty is Present. - Due Diligence Vendor-03/10/2025

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 50.62% Is Below The Guideline Maximum Of 85% By Ten Percent (10%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 768 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
  Warranty Deed.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
832501 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-04 09:07 2025-03-05 10:08 Waived 2 - Non-Material D B Credit Eligibility Loan does not conform to program guidelines Waived-Lender exception required for escrow waiver. xxxxxx DSCR loan program does not allow for waived escrows. - Due Diligence Vendor-04/30/2025   Waived-EXCEPTION APPROVED FOR ESCROW WAIVER
 - Due Diligence Vendor-03/04/2025

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 50.62% Is Below The Guideline Maximum Of 85% By Ten Percent (10%) Or More

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 768 is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
1. LTV is only 50.618.
2. FICO IS 768, 100+ points above minimum FICO required.
3. DSCR is 1.26.
4. Purchasing property $9K below Appraised Value.
5. Property is a New Build.
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA Originator Pre-Close Yes xxxxxx
832502 xxxxxx   B B B B A A A A Closed xxxxxx 2025-03-06 17:50 2025-03-06 17:50 Waived 2 - Non-Material B B Credit Eligibility Property has been listed for sale in the past twelve months Waived-Lender exception for property listed within past 6 months. Cashout refi to be seasoned at least 6 months from contract expiration date.  Property listed xxxxxx cancelled xxxxxx after not selling at xxxxxx then xxxxxx.  - Due Diligence Vendor-03/06/2025   Waived-Lender exception for property listed within past 6 months. Cashout refi to be seasoned at least 6 months from contract expiration date.  Property listed xxxxxx cancelled xxxxxx after not selling at xxxxxx then xxxxxx.  - Due Diligence Vendor-03/06/2025
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 43.64 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 9 Years
Current LTV 10% below max
Credit score 10 points over minimum
DSCR of 1.06
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxxxxx
832502 xxxxxx   B B B B A A A A Closed xxxxxx 2025-03-06 17:47 2025-03-06 17:47 Waived 2 - Non-Material B B Credit Property Issue Condo project is ineligible Waived-Condo project only has 14% owner occupied instead of 40% needed.  - Due Diligence Vendor-03/06/2025   Waived-Condo project only has 14% owner occupied instead of 40% needed.  - Due Diligence Vendor-03/06/2025
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 43.64 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 9 Years
LTV 10% below max
Credit score 10 points over minimum credit score requirement
DSCR of 1.06
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxxxxx
832502 xxxxxx   B B B B A A A A Closed xxxxxx 2025-03-06 17:44 2025-03-06 17:44 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Housing History Does Not Meet Guideline Requirements Lender exception to use mortgage ledger for subject and primary residence. Mortgage not in borrower's name and unable to obtain VOM; satisfactory history documented in payment ledger - Due Diligence Vendor-03/06/2025   Waived-Housing History Does Not Meet Guideline Requirements Lender exception to use mortgage ledger for subject and primary residence.  - Due Diligence Vendor-03/06/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 43.64 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 9 Years
    ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxxxxx
832503 xxxxxx   B B B B A A A A Closed xxxxxx 2025-03-05 07:27 2025-03-06 10:01 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV of 80% exceeds Guideline LTV of 75% 1) Exception approval in file for LTV to retain at 80%. Per guideline, max LTV for properties in Florida and short-term rental is 75%.
2) Exception approval in file for LTV of 80% exceeds the max allowed of 75% for interest only transactions.

 - Due Diligence Vendor-03/05/2025
  Waived-Audited LTV of 80% exceeds Guideline LTV of 75% 1) Exception approval in file for LTV to retain at 80%. Per guideline, max LTV for properties in Florida and short-term rental is 75%.
2) Exception approval in file for LTV of 80% exceeds the max allowed of 75% for interest only transactions.

 - Due Diligence Vendor-03/05/2025

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 14.99 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 19.25 Years

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of 797 is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
· Reserves exceed minimum required by at least 12 months.
· Borrower exceeds minimum credit score requirement by at least 137 points.
· All consumer credit paid as agreed in the most recent 12 months.
· DSCR ratio of 1.01. 
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Purchase NA Originator Post-Close Yes xxxxxx
832507 xxxxxx   C B C B A A A A Closed xxxxxx 2025-03-05 08:00 2025-03-10 08:50 Resolved 1 - Information C A Credit Insurance Inadequate Hazard Insurance Coverage - Amount of coverage is less than primary lien amount and/or the Replacement Cost Estimator Value Provided by the Insurer Resolved-Hazard Insurance Coverage Amount of $xxxxxx is equal to or greater than the Subject Lien or replacement cost value of $xxxxxx- Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded.  - Seller-03/07/2025
Open-Inadequate Hazard Insurance Coverage and Replacement Cost Estimator was Provided  - Hazard Insurance Coverage in the amount of $xxxxxx is less than the minimum required coverage amount of $xxxxxx Missing evidence of sufficient hazard insurance. Supplemental Fair Plan is for fire hazard only.  - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/07/2025

Resolved-Hazard Insurance Coverage Amount of $xxxxxx is equal to or greater than the Subject Lien or replacement cost value of $xxxxxx - Due Diligence Vendor-03/10/2025
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 29.41 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 59.12% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 27.21 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months
  RCE.pdf ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
832507 xxxxxx   C B C B A A A A Closed xxxxxx 2025-03-05 08:22 2025-03-07 10:36 Waived 2 - Non-Material B B Credit Income DSCR is less than the guideline minimum Waived-Exception for DSCR <1.0. Current DSCR is at 0.96.  - Due Diligence Vendor-03/05/2025   Waived-Exception for DSCR <1.0. Current DSCR is at 0.96.  - Due Diligence Vendor-03/05/2025

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 29.41 Years

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 59.12% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 27.21 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months
1. Low LTV of 59.119%
2. Post Closing reserves of 14.34 months
3. FICO of 705 is 45 points higher than minimum required
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxxxxx
832510 xxxxxx   A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxxxxx xxxxxx Investment Refinance Cash Out - Debt Consolidation      
833087 xxxxxx   A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated      
833121 xxxxxx   A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA      
833835 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-18 08:30 2025-03-27 14:48 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Audited LTV of 75% is less than or equal to Guideline LTV of 75% - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025
Counter-The Exception form provided is missing compensating factors.  - Due Diligence Vendor-03/24/2025
Ready for Review-Document Uploaded.  - Seller-03/24/2025
Open-Audited LTV of 75% exceeds Guideline LTV of 70% Missing Lender Exception as mentioned on 1008 - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025

 Ready for Review-Document Uploaded.  - Seller-03/24/2025

Resolved-Audited LTV of 75% is less than or equal to Guideline LTV of 75% - Due Diligence Vendor-03/26/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 14.85 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 25.16 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 16.66 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 42.66% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
  EXCEPTION FORM.pdf
xxxxxx EXCEPTION FORM 1.pdf
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833835 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-20 18:48 2025-03-27 14:48 Resolved 1 - Information C A Credit Eligibility Audited DTI Exceeds Guideline DTI Resolved-Audited DTI of 42.66% is less than or equal to Guideline DTI of 50%  - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. Cash out received ($175,649.00) this is the amount of cash out provided on file. looks like the borrower requested to wire the funds when was received by escrow to another escrow after. - Seller-03/26/2025
Counter-Document Uploaded. The CPA letter in file (page 272) does not reference that the Business pays for the xxxxxx REO properties and business bank statements also do not reference funds being paid out - Due Diligence Vendor-03/25/2025
Ready for Review-Document Uploaded. See attached final 1003/ 1008 in file. xxxxxx not owned by borrower. Not included on the REO
Properties : xxxxxx and xxxxxx -commercial properties do not need to be included on DTI.
CPA letter also verifies business also pays for all expenses on commercial real estate

COMMERCIAL REAL ESTATE LOANS xxxxxx xxxxxx AND PAYMENT $6,614.96
COMMERCIAL REAL ESTATE LOAN xxxxxx xxxxxx PAYMENT $2,579.04
PROPERTIES: xxxxxx AND xxxxxx
DO NOT NEED TO BE INCLUDED ON DTI CALCULATION/ NOT USING ANY RENTAL INCOME
PER CPA BUSINESS ALSO PAYS FOR AL EXPENSES ON COMMERCIAL REAL ESTATE-PROPERTY TAXES AND HOI.

 - Seller-03/24/2025
Open-Audited DTI of 50.18% exceeds Guideline DTI of 50%  Missing additional information about rental properties, no leases provided for income. LOE in file says 2 properties owned by borrower and rented by B1's xxxxxx. OR provide Lender exception not to consider income and liabilities(VOM's in file page 143-145) Or for DTI - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded. Cash out received ($175,649.00) this is the amount of cash out provided on file. looks like the borrower requested to wire the funds when was received by escrow to another escrow after. - Seller-03/26/2025
 Ready for Review-Document Uploaded. See attached final 1003/ 1008 in file. xxxxxx not owned by borrower. Not included on the REO
Properties : xxxxxx and xxxxxx -commercial properties do not need to be included on DTI.
CPA letter also verifies business also pays for all expenses on commercial real estate

COMMERCIAL REAL ESTATE LOANS xxxxxx xxxxxx AND PAYMENT $6,614.96
COMMERCIAL REAL ESTATE LOAN xxxxxx xxxxxx PAYMENT $2,579.04
PROPERTIES: xxxxxx AND xxxxxx
DO NOT NEED TO BE INCLUDED ON DTI CALCULATION/ NOT USING ANY RENTAL INCOME
PER CPA BUSINESS ALSO PAYS FOR AL EXPENSES ON COMMERCIAL REAL ESTATE-PROPERTY TAXES AND HOI.

 - Seller-03/24/2025
Resolved-Audited DTI of 42.66% is less than or equal to Guideline DTI of 50%  - Due Diligence Vendor-03/27/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 14.85 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 25.16 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 16.66 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 42.66% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
  PROPERTY PROFILE ( xxxxxx not owned by borrower.pdf
CPA letter.jpg
FINAL - 1008 (3).pdf
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833835 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-20 18:23 2025-03-27 14:47 Resolved 1 - Information D A Credit Missing Doc - Insurance Other Property Insurance Policy Missing Resolved-Updated 1008 & 1003  - Due Diligence Vendor-03/27/2025
Ready for Review-This is not required .
Commercial properties do not need to be included on DTI. Also, the expenses are paid by the business.

I provided the final 1008 from DD reviewer.. this has been already communicated on file.

These commercial properties are not required to be included on the REO or liabilities/ do not have to be included in the DTI/

 - Seller-03/26/2025
Counter-Document Uploaded. Missing Insurance and Tax Documents for xxxxxx and xxxxxx. The VOM provided both state not escrowed.  - Due Diligence Vendor-03/25/2025
Ready for Review-Document Uploaded.  - Seller-03/24/2025
Open-Missing insurance amounts or other information for rental properties xxxxxx, xxxxxx - Due Diligence Vendor-03/20/2025
Ready for Review-This is not required .
Commercial properties do not need to be included on DTI. Also, the expenses are paid by the business.

I provided the final 1008 from DD reviewer.. this has been already communicated on file.

These commercial properties are not required to be included on the REO or liabilities/ do not have to be included in the DTI/

 - Seller-03/26/2025

 Ready for Review-Document Uploaded.  - Seller-03/24/2025

Resolved-Updated 1008 & 1003  - Due Diligence Vendor-03/27/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 14.85 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 25.16 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 16.66 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 42.66% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
  PROPERTY PROFILE ( xxxxxx not owned by borrower.pdf
FINAL - 1008 (6).pdf
DD final 1003 (2).pdf
xxxxxx.jpg
xxxxxx.jpg
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833835 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-26 10:34 2025-03-26 10:42 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is greater than Guideline Maximum Loan Amount Waived-Approved Lender Exception: LOAN AMOUNT OF xxxxxx EXCEEDS GUIDELINES MAX LOAN AMOUNT ALLOWED OF $3,000,000.00 - Due Diligence Vendor-03/26/2025
Open-Audited Loan Amount of xxxxxx is greater than the Guideline Maximum Loan Amount of $3000000 - Due Diligence Vendor-03/26/2025
  Waived-Approved Lender Exception: LOAN AMOUNT OF xxxxxx EXCEEDS GUIDELINES MAX LOAN AMOUNT ALLOWED OF $3,000,000.00 - Due Diligence Vendor-03/26/2025
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 14.85 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 25.16 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 16.66 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 42.66% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Excellent Credit history,
Low LTV,
cash reserves exceeds 12 months 
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Originator Pre-Close Yes xxxxxx
833835 xxxxxx   D B D B A A A A Closed xxxxxx 2025-03-20 18:08 2025-03-25 12:05 Resolved 1 - Information D A Credit Missing Doc - Assets Asset 4 Missing Resolved-Asset 4 Provided Or Not Applicable - Due Diligence Vendor-03/25/2025
Ready for Review-Document Uploaded. Document Uploaded. The Gift Letter provided states it’s for $92,000.00 however Final CD states Gift Funds iao $128K.
There were 2 gift letters since it was increase total one gift of $128k
 - Seller-03/25/2025
Counter-Document Uploaded. The Gift Letter provided states its for $92,000.00 however Final CD states Gift Funds iao $128K.  - Due Diligence Vendor-03/24/2025
Ready for Review-Document Uploaded.  - Seller-03/24/2025
Open-Asset 4 Missing Missing gift letter. (wire information in file with minimal details) - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded. Document Uploaded. The Gift Letter provided states it’s for $92,000.00 however Final CD states Gift Funds iao $128K.
There were 2 gift letters since it was increase total one gift of $128k
 - Seller-03/25/2025

 Ready for Review-Document Uploaded.  - Seller-03/24/2025

Resolved-Asset 4 Provided Or Not Applicable - Due Diligence Vendor-03/25/2025

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 14.85 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 25.16 Years

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 16.66 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 42.66% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
  GIFT LETTER _ AHP-FHR GIFT LETTER.pdf
GIFT LETTER WITH DONORS ABILITY.pdf
Screenshot 2025-03-24 124250.jpg
Gift ltter 1.pdf
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx