EX-99.16 17 tm2513357d1_ex99-16.htm CLARIFII RATING AGENCY GRADES DETAIL REPORT

 

EXHIBIT 99.16

 

clarifii rating agency grades detail report

 

 

 

 

Loan ID Seller 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 Originator QM Status Final Reviewed QM Status Loan Amount Property State Occupancy Loan Purpose Refinance Purpose Acknowledged / WaivedBy Waiver in File? Unique Finding ID
815568 xxxxxx D A D A A A A A Closed xxxxxx 2024-07-25 13:38 2024-08-22 16:00 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Incomplete Resolved-The Business Entity Formation Document is not incomplete - Certificate of Formation provided. - Due Diligence Vendor-08/22/2024
Ready for Review-Document Uploaded.  - Seller-08/21/2024
Open-The Business Entity Formation Document is incomplete (1) Provide Borrowing Resolution/Corporate Resolution granting authority of signer to enter loan obligation. (2) Provide Receipt of current year franchise tax payment, clear search, or evidence the state does not require a franchise tax payment. - Due Diligence Vendor-07/25/2024
Ready for Review-Document Uploaded.  - Seller-08/21/2024

Resolved-The Business Entity Formation Document is not incomplete - Certificate of Formation provided. - Due Diligence Vendor-08/22/2024

Months Reserves exceed minimum required - Qualifying reserves 190.57 months; minimum required 6 months

LTV is less than guideline maximum - Qualifying LTV 70%; max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
815568 xxxxxx D A D A A A A A Closed xxxxxx 2024-07-25 13:43 2024-08-22 15:56 Resolved 1 - Information C A Credit Eligibility Purchase Contract Issue Resolved-Purchase Contract is not partially provided. - Due Diligence Vendor-08/22/2024
Ready for Review-Document Uploaded.  - Seller-08/21/2024
Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing fully executed Mud Notice to Purchasers of Real Property and Municipal Utility District Disclosure for xxxxxx. - Due Diligence Vendor-07/25/2024
Ready for Review-Document Uploaded.  - Seller-08/21/2024

Resolved-Purchase Contract is not partially provided. - Due Diligence Vendor-08/22/2024

Months Reserves exceed minimum required - Qualifying reserves 190.57 months; minimum required 6 months

LTV is less than guideline maximum - Qualifying LTV 70%; max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
815568 xxxxxx D A D A A A A A Closed xxxxxx 2024-07-25 13:40 2024-08-22 15:55 Resolved 1 - Information D A Credit Missing Doc Evidence of Property Tax Missing Resolved-Evidence of Property Tax is present - Due Diligence Vendor-08/22/2024

Ready for Review-Document Uploaded.  - Seller-08/21/2024

Open-Missing Evidence of Property Tax Missing tax certification and/or estimate. - Due Diligence Vendor-07/25/2024
Ready for Review-Document Uploaded.  - Seller-08/21/2024

Resolved-Evidence of Property Tax is present - Due Diligence Vendor-08/22/2024

Months Reserves exceed minimum required - Qualifying reserves 190.57 months; minimum required 6 months

LTV is less than guideline maximum - Qualifying LTV 70%; max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
815568 xxxxxx D A D A A A A A Closed xxxxxx 2024-07-25 13:45 2024-08-07 18:21 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-08/07/2024

Ready for Review-Document Uploaded. The OFAC search covers all countries,  no results for the borrower - Seller-08/05/2024

Open-OFAC Check Not Completed and/or Cleared Missing borrower's country of origin search. - Due Diligence Vendor-07/25/2024
Ready for Review-Document Uploaded. The OFAC search covers all countries,  no results for the borrower - Seller-08/05/2024

Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-08/07/2024

Months Reserves exceed minimum required - Qualifying reserves 190.57 months; minimum required 6 months

LTV is less than guideline maximum - Qualifying LTV 70%; max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
815568 xxxxxx D A D A A A A A Closed xxxxxx 2024-07-25 12:59 2024-08-01 20:04 Resolved 1 - Information C A Credit Closing Issues exist on the Note Document Resolved-There are no issues present on the Note. - Wet signature Note provided. - Due Diligence Vendor-08/02/2024
Ready for Review-Document Uploaded.  - Seller-07/31/2024
Open-There are Issues Present on the Note that must be addressed. (1) Full E-closing not eligible. Hybrid allowed. Provide Original wet signed note and associated endorsement/allonge. (2) Provide proof of collateral digital signatures for hybrid closing. - Due Diligence Vendor-07/25/2024
Ready for Review-Document Uploaded.  - Seller-07/31/2024

Resolved-There are no issues present on the Note. - Wet signature Note provided. - Due Diligence Vendor-08/02/2024

Months Reserves exceed minimum required - Qualifying reserves 190.57 months; minimum required 6 months

LTV is less than guideline maximum - Qualifying LTV 70%; max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
816980 xxxxxx C B C B A A A A Closed xxxxxx 2024-07-22 13:45 2024-11-05 10:22 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Incomplete Resolved-The Business Entity Formation Document is not incomplete - Amendment removing the additional member provided. - Due Diligence Vendor-09/05/2024
Ready for Review-Document Uploaded. Please see amendment filed in xxxxxx. Removing xxxxxx as a member.  She was added as she was on original purchase contract but then later removed.  Ownership of LLC Never changed. It is 50/50 for both borrowers and xxxxxx was removed  - Seller-09/03/2024
Counter-Operating agreement dated xxxxxx provided, however it appears a Member was added in xxxxxx. .  Please provide documentation to support the ownership percentage of each member - Due Diligence Vendor-08/26/2024
Ready for Review-Document Uploaded.  - Seller-08/21/2024
Open-The Business Entity Formation Document is incomplete Provide Operating Agreement amendment reflecting percentage of ownership for all after new member added April 2024. Additional conditions may apply. - Due Diligence Vendor-07/22/2024
Ready for Review-Document Uploaded. Please see amendment filed in May xxxxxx. . Removing xxxxxx as a member.  She was added as she was on original purchase contract but then later removed.  Ownership of LLC Never changed. It is 50/50 for both borrowers and xxxxxx was removed  - Seller-09/03/2024
 Ready for Review-Document Uploaded.  - Seller-08/21/2024
Resolved-The Business Entity Formation Document is not incomplete - Amendment removing the additional member provided. - Due Diligence Vendor-09/05/2024

Months Reserves exceed minimum required - -11.39 months reserves and 6 required   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
816980 xxxxxx C B C B A A A A Closed xxxxxx 2024-07-22 21:26 2024-09-13 16:16 Resolved 1 - Information C A Credit Assets Asset 1 Expired Resolved-Asset 1 Not Expired - Statement with translation provided. - Due Diligence Vendor-09/13/2024
Ready for Review-Document Uploaded.  - Seller-09/11/2024
Counter-Asset documentation for xxxxxx was not located in the loan file.  Please provide the statements with translation to match the closing funds.  - Due Diligence Vendor-09/10/2024
Ready for Review-Document Uploaded.  - Seller-09/09/2024
Counter-Translation PDF will not open.  Please re-upload. - Due Diligence Vendor-09/05/2024
Ready for Review-Document Uploaded. Account was mislabeled as xxxxxx,  Funds to close matching $74,771.13 were translated from bank of xxxxxx.  Statement and xxxxxx. ranslation attached - Seller-09/03/2024
Open-Asset 1 Expired Missing most recent xxxxxx statement showing balance reflected on 1003. (Conversion received.) - Due Diligence Vendor-07/23/2024
Ready for Review-Document Uploaded.  - Seller-09/11/2024
 Ready for Review-Document Uploaded.  - Seller-09/09/2024
 Ready for Review-Document Uploaded. Account was mislabeled as xxxxxx,  Funds to close matching $74,771.13 were translated from bank of xxxxxx.  Statement and xxxxxx.  Translation attached - Seller-09/03/2024
Resolved-Asset 1 Not Expired - Statement with translation provided. - Due Diligence Vendor-09/13/2024

Months Reserves exceed minimum required - -11.39 months reserves and 6 required   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
816980 xxxxxx C B C B A A A A Closed xxxxxx 2024-07-22 13:45 2024-09-05 17:43 Resolved 1 - Information C A Credit Eligibility Purchase Contract Issue Resolved-Purchase Contract is not partially provided. - Addendum provided. - Due Diligence Vendor-09/05/2024
Ready for Review-Document Uploaded. B2 was not added, contract was assigned over to LLC, EMD Addendum should not be required. The Title Company provided confirmation of all the funds sent and all were verified on the file  - Seller-09/03/2024
Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Provide addendum removing original non-borrowing purchaser and adding B2 and addendum showing increased EMD to $154,743 - Due Diligence Vendor-07/22/2024
Ready for Review-Document Uploaded. B2 was not added, contract was assigned over to LLC, EMD Addendum should not be required. The Title Company provided confirmation of all the funds sent and all were verified on the file  - Seller-09/03/2024
Resolved-Purchase Contract is not partially provided. - Addendum provided. - Due Diligence Vendor-09/05/2024

Months Reserves exceed minimum required - -11.39 months reserves and 6 required   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
816980 xxxxxx C B C B A A A A Closed xxxxxx 2024-07-22 13:26 2024-08-23 16:54 Resolved 1 - Information C A Credit Closing Issues exist on the Note Document Resolved-There are no issues present on the Note. - Wet signed Note provided. - Due Diligence Vendor-08/23/2024
Ready for Review-Document Uploaded. note attached - Seller-08/21/2024
Open-There are Issues Present on the Note that must be addressed. E-signature on note and associated endorsement/allonge not allowed for hybrid closing. Provide wet signed documents. - Due Diligence Vendor-07/22/2024
Ready for Review-Document Uploaded. note attached - Seller-08/21/2024

Resolved-There are no issues present on the Note. - Wet signed Note provided. - Due Diligence Vendor-08/23/2024

Months Reserves exceed minimum required - -11.39 months reserves and 6 required   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
816980 xxxxxx C B C B A A A A Closed xxxxxx 2024-07-22 13:56 2024-07-22 21:29 Waived 2 - Non-Material B B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-07/23/2024
Open-Asset Qualification Does Not Meet Guideline Requirements Partial EMD paid by non-borrowing member. Gift funds ineligible for Foreign National DSCR. Exception in file.  - Due Diligence Vendor-07/22/2024
  Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-07/23/2024

Months Reserves exceed minimum required - -11.39 months reserves and 6 required - Reserves 6 months (MET) ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Originator Post-Close Yes xxxxxx
818106 xxxxxx C B C B B B A A Closed xxxxxx 2024-10-15 15:15 2025-02-04 14:01 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-Upon further review and finding deemed non-material. No additional documentation required. - Due Diligence Vendor-02/05/2025
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. B1 wages are decreasing year over year. Missing letter of explanation and documentation to support use of income towards qualifying. Status determination pending receipt and review.   - Due Diligence Vendor-10/15/2024
  Resolved-Upon further review and finding deemed non-material. No additional documentation required. - Due Diligence Vendor-02/05/2025

Months Reserves exceed minimum required - Qualifying reserves 35 months; minimum required none

CLTV is less than guidelines maximum - Qualifying CLTV 51.69%; max 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 742; minimum required 720
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
818106 xxxxxx C B C B B B A A Closed xxxxxx 2024-10-15 15:15 2025-02-04 14:01 Resolved 1 - Information C A Credit QM-ATR Discrepancy between Originator QM Status and Final QM Status Resolved-Upon further review and finding deemed non-material. - Due Diligence Vendor-02/05/2025
Open-The Originator QM Status is not the same as the Final QM Status.  B1 wages are decreasing year over year. Missing letter of explanation and documentation to support use of income towards qualifying.  ATR/QM status determination pending receipt.   - Due Diligence Vendor-10/15/2024
  Resolved-Upon further review and finding deemed non-material. - Due Diligence Vendor-02/05/2025

Months Reserves exceed minimum required - Qualifying reserves 35 months; minimum required none

CLTV is less than guidelines maximum - Qualifying CLTV 51.69%; max 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 742; minimum required 720
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
818106 xxxxxx C B C B B B A A Closed xxxxxx 2024-10-15 08:22 2024-11-26 16:34 Waived 2 - Non-Material C B Credit Income/Employment Income 1 Income Trend is Decreasing Waived-Deemed non material due to DTI
Client waiver applied to non material finding with comp factors.
 - Due Diligence Vendor-11/26/2024
Ready for Review-Document Uploaded. Borrower's primary source of income is ssi & pension.   He does work a part time job that has decreased year over year from 2022 to 2023 to 2024.  This is a part time job as noted on written voe & hours vary.   We did conservatively use the ytd figure of $5045.86 thru 8/23/24 to qualify, not factoring in higher years.  Please accept the docs with explanation of a part time job that will vary depending on employers needs.  xxxxxx.  - Buyer-11/26/2024
Open-Income 1 Income Trend is Decreasing B1 wages are decreasing year over year. Missing letter of explanation and documentation to support use of income towards qualifying.  - Due Diligence Vendor-10/15/2024
  Waived-Deemed non material
Client waiver applied to non material finding with comp factors.
 - Due Diligence Vendor-11/26/2024
Months Reserves exceed minimum required - Qualifying reserves 35 months; minimum required none

CLTV is less than guidelines maximum - Qualifying CLTV 51.69%; max 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 742; minimum required 720
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
818106 xxxxxx C B C B B B A A Closed xxxxxx 2024-10-11 18:19 2024-10-11 18:20 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-10/11/2024   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-10/11/2024

Months Reserves exceed minimum required - Qualifying reserves 35 months; minimum required none

CLTV is less than guidelines maximum - Qualifying CLTV 51.69%; max 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 742; minimum required 720
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
819887 xxxxxx D A D A A A D A Closed xxxxxx 2024-08-31 13:36 2025-04-15 14:29 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-AVM from an approved vendor supporting the value used for qualification provided.  - Due Diligence Vendor-09/17/2024
Open-1.  HVE value product is not on list of approved AVM vendors.
2.  Missing property condition report. - Due Diligence Vendor-09/03/2024
  Resolved-AVM from an approved vendor supporting the value used for qualification provided.  - Due Diligence Vendor-09/17/2024

Qualifying FICO score is at least 20 points above minimum for program - 739 FICO exceeds 680 minimum required.

CLTV is less than guidelines maximum - 60.38% CLTV is less than 75% maximum.
  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
819887 xxxxxx D A D A A A D A Closed xxxxxx 2024-08-31 14:11 2024-09-12 17:20 Resolved 1 - Information C A Credit Borrower Borrower information on 1003 is incomplete Resolved--Rec'd VOE for B2/CPA letter; finding resolved. - Due Diligence Vendor-09/12/2024
Counter-Document Uploaded.  - Due Diligence Vendor-09/12/2024
Counter-Client comments - We have a Tax Preparer letter in file.  Would they rather I split the income between the 2 Borrowers?  Again, what is the relevance when they are married, on the same loan, and I used the lower qualifying FICO.- AUDIT RESPONSE - Tax preparer did not confirm the ownership %. Once confirmed we should not have to update the 1003.
 - Due Diligence Vendor-09/12/2024
Counter-Updated 1008 and 1003 provided reflecting all income for B2, however per the Secretary of State it appears the borrowers are 50/50 owners which is not reflected on the 1003 and the VVOE in file is for B1.   Please provide corrected 1003 and supporting documentation to support the % of ownership for each borrower.  Finding remains. - Due Diligence Vendor-09/09/2024
Counter-CPA letter reflect B2 is 100% owner, however it appears 50/50 owner for B1 and B2.  Please provide correct documentation to support 50/50 ownership and corrected 1003's.  - Due Diligence Vendor-09/05/2024
Open-Missing 1003 for B2 disclosing income and with two year employment history.  Final 1003 notes income for B1 and no income for B2.  However, CPA letter notes that B2 is 100% owner of the business identified for B1.  Initial 1003 shows employment for B2 with $0 income. Additional findings may apply as Audit used data for B2 from initial 1003 and 100% of income from bank statements for B2 per CPA letter. - Due Diligence Vendor-08/31/2024
  Resolved--Rec'd VOE for B2/CPA letter; finding resolved. - Due Diligence Vendor-09/12/2024

Qualifying FICO score is at least 20 points above minimum for program - 739 FICO exceeds 680 minimum required.

CLTV is less than guidelines maximum - 60.38% CLTV is less than 75% maximum.
  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
819887 xxxxxx D A D A A A D A Closed xxxxxx 2024-08-31 14:52 2024-09-09 18:16 Resolved 1 - Information D A Credit Missing Doc Required forms/disclosures missing Resolved--1003 reflects refinance other- home equity loan; nothing additional required. - Due Diligence Vendor-09/09/2024
Counter-New documentation was not attached.  Please re-upload. - Due Diligence Vendor-09/09/2024
Counter-Occupancy and Financial Status Affidavit provided.  Please provide the LOE for the cash out as required by the guidelines. - Due Diligence Vendor-09/06/2024
Counter-Seller:This a Primary Residence Home equity - AUDIT RESPONSE - Guidelines state - Application to include loan terms, occupancy, purpose, and reason for any cash out if applicable.  Finding remains. - Due Diligence Vendor-09/04/2024
Open-Missing reason for cash out.  Guidelines require that application should include this information. - Due Diligence Vendor-08/31/2024
  Resolved--1003 reflects refinance other- home equity loan; nothing additional required. - Due Diligence Vendor-09/09/2024

Qualifying FICO score is at least 20 points above minimum for program - 739 FICO exceeds 680 minimum required.

CLTV is less than guidelines maximum - 60.38% CLTV is less than 75% maximum.
  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
819887 xxxxxx D A D A A A D A Closed xxxxxx 2024-08-31 14:06 2024-09-05 11:04 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report Partially Provided Resolved-Third Party Fraud Report is fully present - OFAC and GSA provided. - Due Diligence Vendor-09/05/2024
Open-Third Party Fraud Report Partially Provided Missing documentation supporting that high alert for B2's potential match to xxxxxx watchlist was cleared.  Fraud report notes cleared and not the same.  However, the alert notes exclusion by the Department of Health and Human Services from participation in all federal health care programs, etc.  Although 1003 does not reflect income for B2 and all income from self-employment belongs to B1, the CPA letter notes that B2 is a xxxxxx and 100% owner of corporation.  Additional findings may apply since Audit is unable to determine how potential restriction from xxxxxx programs could potentially impact income. - Due Diligence Vendor-08/31/2024
  Resolved-Third Party Fraud Report is fully present - OFAC and GSA provided. - Due Diligence Vendor-09/05/2024

Qualifying FICO score is at least 20 points above minimum for program - 739 FICO exceeds 680 minimum required.

CLTV is less than guidelines maximum - 60.38% CLTV is less than 75% maximum.
  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
819887 xxxxxx D A D A A A D A Closed xxxxxx 2024-08-31 13:22 2024-09-04 10:36 Resolved 1 - Information D A Credit Missing Doc Title Document Missing Resolved-Received Title Document - Due Diligence Vendor-02/05/2025
Open-Title Document is missing Missing preliminary title report.  Title supplements in file provided vested parties names, loan amount and proposed insured.  Additional findings may apply. - Due Diligence Vendor-08/31/2024
  Resolved-Received Title Document - Due Diligence Vendor-02/05/2025

Qualifying FICO score is at least 20 points above minimum for program - 739 FICO exceeds 680 minimum required.

CLTV is less than guidelines maximum - 60.38% CLTV is less than 75% maximum.
  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
823535 xxxxxx C A C A A A A A Closed xxxxxx 2024-11-07 07:37 2024-11-12 11:55 Resolved 1 - Information C A Credit Debt Missing proof of liability not disclosed on credit report Resolved-xxxxxx Agreement provided. - Due Diligence Vendor-11/12/2024
Ready for Review-Document Uploaded. xxxxxx agreement attached. - Buyer-11/11/2024
Open-For properties with xxxxxx panels the seller must obtain and review copies of the lease or power purchase agreement. - Due Diligence Vendor-11/07/2024
  Resolved-xxxxxx Agreement provided. - Due Diligence Vendor-11/12/2024
CLTV is less than guidelines maximum - 36.18% CLTV with 90% max

Qualifying FICO score is at least 20 points above minimum for program - 792 FICO with 680 min
  QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
823728 xxxxxx D B D B A A A A Closed xxxxxx 2025-02-10 13:32 2025-02-27 11:58 Resolved 1 - Information D A Credit Missing Doc Missing Verification of Mortgage Resolved-Received statements for both properties confirming escrowed.   - Due Diligence Vendor-02/27/2025
Counter-Received mtg statement confirming escrowed for property xxxxxx.  Missing HOI for xxxxxx. - Due Diligence Vendor-02/26/2025
Ready for Review-Document Uploaded. xxxxxx.  loans of course are not escrowed they are not mortgages.  The first lien is escrowed and mtg statement attached for this one in file. - Buyer-02/25/2025
Counter-Received mortgage statement for xxxxxx, need the homeowners insurance for xxxxxx. - Due Diligence Vendor-02/19/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-02/18/2025
Open-Provide xxxxxx, Provide recent Mtg statement to verify it includes taxes & insurance, if not escrowed, provide HOI statement for review. (REO xxxxxx)
REO (xxxxxx)-  Provide HOI statement, as SBA Mtg xxxxxxx is not escrowed. - Due Diligence Vendor-02/10/2025
  Resolved-Received statements for both properties confirming escrowed.   - Due Diligence Vendor-02/27/2025

CLTV is less than guidelines maximum - Lender CLTV is 65%, borrower CLTV is 60%.

Qualifying DTI below maximum allowed - Lender max DTI is 50%, borrower DTI is 22.26%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
823728 xxxxxx D B D B A A A A Closed xxxxxx 2025-02-10 11:23 2025-02-19 09:58 Resolved 1 - Information D A Credit Missing Doc Guaranty Agreement Missing Resolved-Guaranty and Note signer (borrower) has 50% ownership of xxxxxx per Operating Agreement and meets GL requirement. - Due Diligence Vendor-02/19/2025
Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Partial'. Per xxxxxx Operating Agreement, borrower is 50%, with 2 non-borrowers with 25% share each.  Per lender guides, Personal Guaranties must be provided by members representing at least 25% ownership of entity, & each entity providing a personal guaranty must complete a xxxxxx form 1003 & credit report. - Due Diligence Vendor-02/10/2025
  Resolved-Guaranty and Note signer (borrower) has 50% ownership of xxxxxx per Operating Agreement and meets GL requirement. - Due Diligence Vendor-02/19/2025
CLTV is less than guidelines maximum - Lender CLTV is 65%, borrower CLTV is 60%.

Qualifying DTI below maximum allowed - Lender max DTI is 50%, borrower DTI is 22.26%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
823728 xxxxxx D B D B A A A A Closed xxxxxx 2025-02-10 13:42 2025-02-11 08:46 Waived 2 - Non-Material C B Credit Income/Employment Income documentation expiration dates Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/11/2025

Open-Lender exception granted:  Credit/Income Expiration to 120 days. - Due Diligence Vendor-02/10/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/11/2025

CLTV is less than guidelines maximum - Lender CLTV is 65%, borrower CLTV is 60%.

Qualifying DTI below maximum allowed - Lender max DTI is 50%, borrower DTI is 22.26%
1.  Low LTV
2.  Low DTI
3.  High FICO
4.  Borrower has long time on job
5.  Borrower has long time property ownership.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
823728 xxxxxx D B D B A A A A Closed xxxxxx 2025-02-10 13:38 2025-02-11 08:45 Waived 2 - Non-Material C B Credit Eligibility Interest rate per executed note does not meet program requirements Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/11/2025

Open-Lender Exception Granted:  1.  Default interest rate on Note exceeds Note rate.  2.  Mortgage not reported to credit report. - Due Diligence Vendor-02/10/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/11/2025

CLTV is less than guidelines maximum - Lender CLTV is 65%, borrower CLTV is 60%.

Qualifying DTI below maximum allowed - Lender max DTI is 50%, borrower DTI is 22.26%
Comp Factors:
1.  Low LTV
2. Low DTI
3.  High Reserves
4.  High FICO
5.  Borrower has long time on job and long time property ownership
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
824485 xxxxxx A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
824945 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 Cash Out - Other      
824970 xxxxxx D B D B A A A A Closed xxxxxx 2025-02-20 16:31 2025-02-27 10:34 Waived 2 - Non-Material D B Credit Missing Doc Missing Signed Loan Agreement or Term Sheet Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-02/27/2025
Ready for Review-The request for an exception to Verus's eligibility criteria is granted - Buyer-02/27/2025
Open-The Subject Loan is a Business Purpose Loan but the Loan Agreement/Term Sheet Doc is 'Partial'. Discrepancy on release percentage-125% noted on Loan Agreement. Worksheet and guidelines indicate 120%.  Additional conditions may apply - Due Diligence Vendor-02/20/2025
  Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-02/27/2025

Qualifying FICO score is at least 20 points above minimum for program - 771>700

Months Reserves exceed minimum required - 99>3
Credit Score 30+ points > minimum required
Reserves exceed requirement by 10 months or more
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
824970 xxxxxx D B D B A A A A Closed xxxxxx 2025-02-19 10:42 2025-02-27 10:32 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-The guidelines do not require an updated for mortgages reporting on credit. - Due Diligence Vendor-02/27/2025
Counter-Received notes regarding HELOC payment dla xxxxxx. -confirmation 0x30 in 12 months from time of closing required.  Finding remains. - Due Diligence Vendor-02/26/2025
Open-Housing History Does Not Meet Guideline Requirements HELOC xxxxxx not updated on credit report-dla 09/2024 - Due Diligence Vendor-02/19/2025
  Resolved-The guidelines do not require an updated for mortgages reporting on credit. - Due Diligence Vendor-02/27/2025

Qualifying FICO score is at least 20 points above minimum for program - 771>700

Months Reserves exceed minimum required - 99>3
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
825653 xxxxxx C B C B A A A A Closed xxxxxx 2025-02-04 21:16 2025-02-06 15:34 Waived 2 - Non-Material C B Credit Eligibility Loan does not conform to program guidelines Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/06/2025

Open- Allow rents paid in cash
Rents paid in cash are ineligible for use - Due Diligence Vendor-02/05/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/06/2025

Months Reserves exceed minimum required - Minimum reserves is 6 months, Borrower has 111.69 months.

LTV is less than guideline maximum - Maximum LTV 65%, subject loan is 53.54%.
27 yr at primary. Seasoned investor since 2007, Multiple owned properties. 0x30x48 mtg history. 713 FICO (min 700). LTV 53.55 ( max 65).
DSCR 1.00 using 75% of market rents for all units.
12+ months reserves, FICO - 10pts > guidelines, LTV - 10%< guidelines, Mortgage History - 0x30x48, Investor Experience - 2+ properties
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
825654 xxxxxx B B B B A A A A Closed xxxxxx 2025-01-22 09:52 2025-01-22 13:06 Waived 2 - Non-Material B B Credit Assets Cash Out Does Not Meet Guideline Requirements Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-01/22/2025

Open-Cash Out Does Not Meet Guideline Requirements Lenders exception for the following for less than  6 months seasoning  - Due Diligence Vendor-01/22/2025
  Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-01/22/2025

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 759 is higher than the required 700

LTV is less than guideline maximum - LTV 57.44% is lower than maximum 65%

Months Reserves exceed minimum required - 91.77 mos rsrvs; 6 mos required
0x30x12 in the past 48 months
Fico score is 50 pts > guidelines
LTV/CLTV 5% < guidelines
Year in current residence  27yrs
Locked with Prepay Yes
Locked with Escrow Yes
Low Credit Utilization Yes
Investor has 2 plus years experience 
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
825654 xxxxxx B B B B A A A A Closed xxxxxx 2025-01-22 13:04 2025-01-22 13:06 Waived 2 - Non-Material B B Credit Eligibility Borrower Rental Experience Insufficient per Guidelines (DSCR) Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-01/22/2025

Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Exception in file to allow the use of rental income paid in cash
 - Due Diligence Vendor-01/22/2025
  Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-01/22/2025

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 759 is higher than the required 700

LTV is less than guideline maximum - LTV 57.44% is lower than maximum 65%

Months Reserves exceed minimum required - 91.77 mos rsrvs; 6 mos required
0x30x12 in the past 48 months
Fico score is 50 pts > guidelines
LTV/CLTV 5% < guidelines
Year in current residence  27yrs
Locked with Prepay Yes
Locked with Escrow Yes
Low Credit Utilization Yes
Investor has 2 plus years experience
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
825742 xxxxxx C B C B A A A A Closed xxxxxx 2024-11-27 13:14 2025-01-31 16:28 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Incomplete Resolved-Received the Business Entity Formation Document. - Due Diligence Vendor-01/31/2025

Ready for Review-Document Uploaded.  - Seller-01/30/2025

Open-The Business Entity Formation Document is incomplete Missing EIN for purchasing entity and complete W-9. W-9 provided does not reflect the EIN.  - Due Diligence Vendor-11/27/2024
Ready for Review-Document Uploaded.  - Seller-01/30/2025

Resolved-Received the Business Entity Formation Document. - Due Diligence Vendor-01/31/2025

LTV is less than guideline maximum - Qualifying LTV 70%; max 75%

DSCR % greater than 1.20 - Qualifying DSCR 1.254; minimum required 1.000
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
825742 xxxxxx C B C B A A A A Closed xxxxxx 2024-11-27 11:52 2025-01-13 16:58 Resolved 1 - Information C A Credit Closing Issues exist on the Note Document Resolved-Received Wet Signed Note. - Due Diligence Vendor-01/13/2025

Ready for Review-Document Uploaded.  - Seller-01/10/2025

Open-There are Issues Present on the Note that must be addressed. Note is not wet signed. - Due Diligence Vendor-11/27/2024
Ready for Review-Document Uploaded.  - Seller-01/10/2025

Resolved-Received Wet Signed Note. - Due Diligence Vendor-01/13/2025

LTV is less than guideline maximum - Qualifying LTV 70%; max 75%

DSCR % greater than 1.20 - Qualifying DSCR 1.254; minimum required 1.000
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
825742 xxxxxx C B C B A A A A Closed xxxxxx 2024-11-27 13:02 2024-11-27 17:38 Waived 2 - Non-Material C B Credit Borrower Borrower information on 1003 is incomplete Waived-Full address shown on statements.
Client waiver applied to non material finding with comp factors.  - Due Diligence Vendor-11/27/2024
Open-1003 does not reflect the complete primary address for both borrowers in the country of origin as required per 2.3.2.1 (xxxxxx bank statements show complete variations of the address.) - Due Diligence Vendor-11/27/2024
  Waived-Full address shown on statements.
Client waiver applied to non material finding with comp factors.  - Due Diligence Vendor-11/27/2024

LTV is less than guideline maximum - Qualifying LTV 70%; max 75%

DSCR % greater than 1.20 - Qualifying DSCR 1.254; minimum required 1.000
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
825765 xxxxxx D B D A D B A A Closed xxxxxx 2024-12-26 16:51 2025-01-06 11:26 Resolved 1 - Information C A Compliance Right to Rescind TILA Right of Rescission Test Resolved-Rec'd Final CD. - Due Diligence Vendor-01/06/2025
Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Missing final CD for date validation. - Due Diligence Vendor-12/27/2024
  Resolved-Rec'd Final CD. - Due Diligence Vendor-01/06/2025

LTV is less than guideline maximum - Qualifying LTV 74.934 is less than guideline max 85.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 737 is more than 20 points higher than the guideline minimum 680.
  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
825765 xxxxxx D B D A D B A A Closed xxxxxx 2024-12-27 09:06 2025-01-06 11:26 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-Rec'd Final CD. - Due Diligence Vendor-01/06/2025
Open-TRID: Missing Final Closing Disclosure Missing final CD.  Additional findings may apply upon receipt. CD provided does not match closing date, so does not appear to be the final CD.  - Due Diligence Vendor-12/27/2024
  Resolved-Rec'd Final CD. - Due Diligence Vendor-01/06/2025

LTV is less than guideline maximum - Qualifying LTV 74.934 is less than guideline max 85.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 737 is more than 20 points higher than the guideline minimum 680.
  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
825765 xxxxxx D B D A D B A A Closed xxxxxx 2024-12-31 16:57 2025-01-06 11:03 Resolved 1 - Information B A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Borrower 1 Gap Credit Report has been received. - Due Diligence Vendor-01/06/2025
Open-Borrower 1 Gap Credit Report is Missing . - Due Diligence Vendor-12/31/2024
  Resolved-Borrower 1 Gap Credit Report has been received. - Due Diligence Vendor-01/06/2025

LTV is less than guideline maximum - Qualifying LTV 74.934 is less than guideline max 85.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 737 is more than 20 points higher than the guideline minimum 680.
  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
825765 xxxxxx D B D A D B A A Closed xxxxxx 2024-12-31 17:21 2025-01-03 10:17 Resolved 1 - Information D A Credit Missing Doc Borrower 1 CPA Letter Missing Resolved-After further review- CPA letter was provided, using 50% expense factor, income is in line with lenders- condition resolved. - Due Diligence Vendor-01/02/2025
Open-Borrower 1 CPA Letter Missing A CPA letter has been provided, however it does not reflect the 20% expense ratio used to calculate the income. No expense ratio was provided by the CPA. Still missing full 12 months statements therefore audit did not use the standard 50% factor at initial review. - Due Diligence Vendor-12/31/2024
  Resolved-After further review- CPA letter was provided, using 50% expense factor, income is in line with lenders- condition resolved. - Due Diligence Vendor-01/02/2025

LTV is less than guideline maximum - Qualifying LTV 74.934 is less than guideline max 85.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 737 is more than 20 points higher than the guideline minimum 680.
  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
825765 xxxxxx D B D A D B A A Closed xxxxxx 2025-01-02 09:52 2025-01-03 10:17 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Resolved-Received the Borrower 1 Bank Statement Summary/Lender Worksheet - Due Diligence Vendor-01/03/2025

Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing - Due Diligence Vendor-01/02/2025
  Resolved-Received the Borrower 1 Bank Statement Summary/Lender Worksheet - Due Diligence Vendor-01/03/2025

LTV is less than guideline maximum - Qualifying LTV 74.934 is less than guideline max 85.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 737 is more than 20 points higher than the guideline minimum 680.
  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
825765 xxxxxx D B D A D B A A Closed xxxxxx 2024-12-26 15:41 2024-12-26 15:41 Waived 2 - Non-Material B B Compliance Missing Doc Home Loan Toolkit is Missing Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-12/26/2024   Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-12/26/2024

LTV is less than guideline maximum - Qualifying LTV 74.934 is less than guideline max 85.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 737 is more than 20 points higher than the guideline minimum 680.
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
825900 xxxxxx D B D A B B A A Closed xxxxxx 2024-12-31 07:14 2025-04-17 11:28 Waived 2 - Non-Material B B Compliance State Reg NY Subprime Loan Test Waived--NY Subprime Loan - APR on subject loan is 10.487% which is in excess of allowable threshold of APOR 6.65% + 3.75 = 10.40%. Loan was properly originated and disclosed. Waiver applied to non-material finding. - Due Diligence Vendor-04/17/2025

Open-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR  - Due Diligence Vendor-01/06/2025
  Waived--NY Subprime Loan - APR on subject loan is 10.487% which is in excess of allowable threshold of APOR 6.65% + 3.75 = 10.40%. Loan was properly originated and disclosed. Waiver applied to non-material finding. - Due Diligence Vendor-04/17/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 750 is higher than 720 program minimum

CLTV is less than guidelines maximum - 73.54% < 80%
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
825900 xxxxxx D B D A B B A A Closed xxxxxx 2025-01-04 21:51 2025-01-14 10:41 Resolved 1 - Information D A Credit Missing Doc Borrower 1 3rd Party VOE Prior to Close Missing Resolved-Upon further review ,verified that the WVOE is within 10 days of closing. - Due Diligence Vendor-01/14/2025

Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-01/05/2025
  Resolved-Upon further review ,verified that the WVOE is within 10 days of closing. - Due Diligence Vendor-01/14/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 750 is higher than 720 program minimum

CLTV is less than guidelines maximum - 73.54% < 80%
  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
825980 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 Cash Out - Other      
826003 xxxxxx A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
826312   D B D A B B A A Closed xxxxxx 2025-01-06 09:59 2025-01-15 09:31 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-Received back of Borrower Citizenship Documentation. - Due Diligence Vendor-01/15/2025

Open-Borrower Citizenship Documentation Is Missing Missing a copy of the back of the borrower's Permanent Resident Card - Due Diligence Vendor-01/06/2025
  Resolved-Received back of Borrower Citizenship Documentation. - Due Diligence Vendor-01/15/2025

CLTV is less than guidelines maximum - CLTV  75% ; max 85%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 735; minimum 700
  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
826312   D B D A B B A A Closed xxxxxx 2025-01-05 07:59 2025-01-15 07:09 Resolved 1 - Information B A Compliance Missing Doc Missing US Patriot Act Disclosure or ID Resolved-Received copy of back of Permanent Resident card with picture. - Due Diligence Vendor-01/15/2025

Open-Missing bank of Permanent Resident card. only provided front of card. - Due Diligence Vendor-01/05/2025
  Resolved-Received copy of back of Permanent Resident card with picture. - Due Diligence Vendor-01/15/2025

CLTV is less than guidelines maximum - CLTV  75% ; max 85%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 735; minimum 700
  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
826312   D B D A B B A A Closed xxxxxx 2024-12-31 12:20 2024-12-31 12:20 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings - Due Diligence Vendor-12/31/2024   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings - Due Diligence Vendor-12/31/2024

CLTV is less than guidelines maximum - CLTV  75% ; max 85%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 735; minimum 700
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
826432   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
826556   C A C A A A A A Closed xxxxxx 2025-01-04 14:14 2025-01-31 10:41 Resolved 1 - Information C A Credit Debt Missing proof of liability not disclosed on credit report Resolved-xxxxxx Loan provided. - Due Diligence Vendor-01/31/2025
Ready for Review-Document Uploaded. Please see xxxxxx.  details - Buyer-01/30/2025
Open-Per Final 1003, borrower has obligation for xxxxxx.  with a monthly expense of $1752. No documents provided for this debt to verify balance and monthly obligation. - Due Diligence Vendor-01/04/2025
  Resolved-xxxxxx.  Loan provided. - Due Diligence Vendor-01/31/2025
Qualifying DTI below maximum allowed - Max DTI is 50%; qualifying DTI is 41.49%.

CLTV is less than guidelines maximum - 56.52% < 75%
  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
826667   B B A A B B A A Closed xxxxxx 2025-01-02 13:00 2025-01-07 11:54 Resolved 1 - Information B A Compliance State Reg NY Subprime Loan Test Resolved-Compliant NY Subprime- APR on subject loan of 8.977% is within allowable threshold of APOR of 6.69% + 3.75% or 10.44%.    - Due Diligence Vendor-01/07/2025
Open-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR Compliant NY Subprime- APR on subject loan of 8.977% is within allowable threshold of APOR of 6.69% + 3.75% or 10.44%.    - Due Diligence Vendor-01/02/2025
  Resolved-Compliant NY Subprime- APR on subject loan of 8.977% is within allowable threshold of APOR of 6.69% + 3.75% or 10.44%.    - Due Diligence Vendor-01/07/2025

On time mortgage history exceeds guideline requirement - 7+ years on time

Qualifying FICO score is at least 20 points above minimum for program - 794 mid score.  720 minimum.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
826667   B B A A B B A A Closed xxxxxx 2025-01-02 12:58 2025-01-02 12:59 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings - Due Diligence Vendor-01/02/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings - Due Diligence Vendor-01/02/2025

On time mortgage history exceeds guideline requirement - 7+ years on time

Qualifying FICO score is at least 20 points above minimum for program - 794 mid score.  720 minimum.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
826716   C B A A C B A A Closed xxxxxx 2025-01-03 14:54 2025-04-16 07:56 Cured 2 - Non-Material C B Compliance TRID Charges That In Total Cannot Increase More Than 10% Test Cured-Received PCCD xxxxxx, LOE,copy of check and evidence of delivery. - Due Diligence Vendor-04/16/2025
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($1,338.00) exceed the comparable charges ($1,130.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Courier and Notary Fee fees) increased by $95.00 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $95.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations xxxxxx. s- Expiration date is xxxxxx.  
 - Due Diligence Vendor-01/03/2025
  Cured-Received PCCD xxxxxx, LOE,copy of check and evidence of delivery. - Due Diligence Vendor-04/16/2025
On time mortgage history exceeds guideline requirement - 0x30 14 months mortgage history. minimum required 12 mos.

Qualifying DTI below maximum allowed - qualifying DTI 4.11%; Max 50%. permitted.
  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
826733   D A D A A A A A Closed xxxxxx 2025-01-20 08:36 2025-04-14 11:04 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Received post close assets, used balance as of the Note Date. Audited Reserves of 19.38 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-02/07/2025
Ready for Review-Document Uploaded.  - Seller-02/06/2025
Open-Audited Reserves of 4.98 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-01/20/2025
Ready for Review-Document Uploaded.  - Seller-02/06/2025

Resolved-Received post close assets, used balance as of the Note Date. Audited Reserves of 19.38 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-02/07/2025

Months Reserves exceed minimum required - Months Reserves 19 exceed minimum required 6.

LTV is less than guideline maximum - LTV 60% ; max is 70%.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
826733   D A D A A A A A Closed xxxxxx 2025-01-20 08:02 2025-03-18 14:26 Resolved 1 - Information D A Credit Eligibility HOA Questionnaire Document is Partially Provided Resolved-Upon further review, condotel requirements have been met. - Due Diligence Vendor-01/30/2025
Ready for Review-property is a non-warrantable xxxxxx - they do not track the number of investment homes, 2nd homes etc - the questions do not need to be answered if property is non-warrantable.  - Seller-01/29/2025
Open-Subject Property is part of an HOA but the HOA Questionnaire Document is only Partially Provided. 1. Question 8 Section 1 notes no hotel/motel resort activities but in the section under #8 for additional detail, questionnaire notes that the project is a xxxxxx. Unable to determine number of units that are investor owned. Questionnaire states that rentals, investment, secondary homes or owner owner-occupied not tracked but that the percentage with offsite mailing addresses is 74% (would be required for a warrantable condo; however, Audit reviewed as xxxxxx). 4. Missing total square footage of commercial space. In #5 of Section IV (would be required for a warrantable condo; however, Audit reviewed as xxxxxx). - Due Diligence Vendor-01/20/2025
Ready for Review-property is a non-warrantable condo - they do not track the number of investment homes, 2nd homes etc - the questions do not need to be answered if property is non-warrantable.  - Seller-01/29/2025

Resolved-Upon further review, condotel requirements have been met. - Due Diligence Vendor-01/30/2025

Months Reserves exceed minimum required - Months Reserves 19 exceed minimum required 6.

LTV is less than guideline maximum - LTV 60% ; max is 70%.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
826733   D A D A A A A A Closed xxxxxx 2025-01-20 13:26 2025-01-30 13:40 Resolved 1 - Information C A Credit Eligibility Condo does not meet requirements Resolved-Upon further review, condotel requirements have been met. - Due Diligence Vendor-01/30/2025
Ready for Review-Document Uploaded. The subject property is a non-warrantable xxxxxx - Seller-01/29/2025
Open-Subject Property is part of an HOA but the HOA Questionnaire Document is only Partially Provided. 1. Question 8 Section 1 notes no hotel/motel resort activities but in the section under #8 for additional detail, questionnaire notes that the project is a xxxxxx. Unable to determine number of units that are investor owned. Questionnaire states that rentals, investment, secondary homes or owner owner-occupied not tracked but that the percentage with offsite mailing addresses is 74% (would be required for a warrantable condo; however, Audit reviewed as xxxxxx). 4. Missing total square footage of commercial space. In #5 of Section IV (would be required for a warrantable condo; however, Audit reviewed as xxxxxx). - Due Diligence Vendor-01/20/2025
Ready for Review-Document Uploaded. The subject property is a non-warrantable condo - Seller-01/29/2025

Resolved-Upon further review, condotel requirements have been met. - Due Diligence Vendor-01/30/2025

Months Reserves exceed minimum required - Months Reserves 19 exceed minimum required 6.

LTV is less than guideline maximum - LTV 60% ; max is 70%.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
826749   C B C B B B A A Closed xxxxxx 2025-02-27 12:10 2025-02-27 14:22 Waived 2 - Non-Material C B Credit Eligibility Neighborhood Location Not Allowed for Program Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/27/2025
Open-Primary Value Valuation Neighborhood Location Not Allowed for Program EXCEPTION APPROVED pg. 1: Appraisal indicates xxxxxx Property Acreage xxxxxx acre>2 acres; xxxxxx ; 1 of 6 comps over xxxxxx miles vs Rural Property Ineligible - Due Diligence Vendor-02/27/2025
  Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/27/2025

Qualifying DTI below maximum allowed - 36% DTI less than the 50% minimum required

Months Reserves exceed minimum required - Reserves 24.24 months greater than 6 required
Credit Score 10 points > minimum required
DTI <= 40% which is below requirement in guidelines
Home Ownership Subject property home ownership > 2 years
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
826749   C B C B B B A A Closed xxxxxx 2025-02-26 13:00 2025-02-26 13:00 Waived 2 - Non-Material B B Compliance Missing Doc Home Loan Toolkit is Missing Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-02/26/2025   Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-02/26/2025

Qualifying DTI below maximum allowed - 36% DTI less than the 50% minimum required

Months Reserves exceed minimum required - Reserves 24.24 months greater than 6 required
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
826749   C B C B B B A A Closed xxxxxx 2025-02-26 13:00 2025-02-26 13:00 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-02/26/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-02/26/2025

Qualifying DTI below maximum allowed - 36% DTI less than the 50% minimum required

Months Reserves exceed minimum required - Reserves 24.24 months greater than 6 required
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
826768   D B C B A A D A Closed xxxxxx 2025-01-10 10:41 2025-01-20 09:43 Resolved 1 - Information C A Credit Eligibility Audited CLTV Exceeds Guideline CLTV Resolved-Received verification from the Gap Report of balance of 1st lien used to qualify. Audited CLTV of 64.98% is less than or equal to Guideline CLTV of 65% - Due Diligence Vendor-01/16/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-01/15/2025
Open-Audited CLTV of 65.05% exceeds Guideline CLTV of 65% Audited CLTV of 65.05% exceeds Guideline CLTV of 65% - Due Diligence Vendor-01/10/2025
  Resolved-Received verification from the Gap Report of balance of 1st lien used to qualify. Audited CLTV of 64.98% is less than or equal to Guideline CLTV of 65% - Due Diligence Vendor-01/16/2025

Qualifying DTI below maximum allowed - DTI of 32.57% is less than the maximum allowed per guidelines of 50%

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 757 is higher than the minimum required score of 700
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
826768   D B C B A A D A Closed xxxxxx 2025-01-16 09:52 2025-01-20 09:39 Resolved 1 - Information C A Credit Borrower Borrower information on 1003 is incomplete Resolved-Received revised 1003 and 1008. - Due Diligence Vendor-01/20/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-01/16/2025
Open-Provide a revised 1008 and 1003 reflecting balance used to qualify from xxxxxx of $451,654 -to support CLTV . - Due Diligence Vendor-01/16/2025
  Resolved-Received revised 1003 and 1008. - Due Diligence Vendor-01/20/2025

Qualifying DTI below maximum allowed - DTI of 32.57% is less than the maximum allowed per guidelines of 50%

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 757 is higher than the minimum required score of 700
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
826768   D B C B A A D A Closed xxxxxx 2025-01-08 13:09 2025-01-10 10:42 Resolved 1 - Information D A Property Missing Doc Property 1: Missing Second Valuation Product Resolved-Received a Second Appraisal. - Due Diligence Vendor-01/10/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-01/09/2025
Open-Missing second valuation as CU in file has a score over 2.5 which exceeds guidelines. - Due Diligence Vendor-01/08/2025
  Resolved-Received a Second Appraisal. - Due Diligence Vendor-01/10/2025

Qualifying DTI below maximum allowed - DTI of 32.57% is less than the maximum allowed per guidelines of 50%

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 757 is higher than the minimum required score of 700
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
826768   D B C B A A D A Closed xxxxxx 2025-01-08 12:53 2025-01-08 13:33 Waived 2 - Non-Material C B Credit Title Property Title Issue Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/16/2025

Open-Personal guaranties must be provided by member(s)/manager(s) representing at least 50% ownership of the entity.  Lender exception in file. - Due Diligence Vendor-01/08/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/16/2025

Qualifying DTI below maximum allowed - DTI of 32.57% is less than the maximum allowed per guidelines of 50%

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 757 is higher than the minimum required score of 700
757 fico, 700 required.  55% LTV, program allows 65%.   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
826772   B B A A B B A A Closed xxxxxx 2025-01-29 12:59 2025-01-29 13:03 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/29/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/29/2025

Qualifying DTI below maximum allowed - DTI of 37% is less than the maximum allowed per guidelines of 50%.

On time mortgage history exceeds guideline requirement - Credit report reports on time mortgage history for last 52 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
826804   B B A A B B A A Closed xxxxxx 2025-01-31 07:48 2025-01-31 07:49 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/31/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/31/2025

Credit history exceeds minimum required - Borr qualifying FICO score 741. Per guides, minimum score required 680.

Months Reserves exceed minimum required - 7.7mos reserves. Per guides, no reserves required.

Qualifying DTI below maximum allowed - Borr DTI 35.67%. Per guides, maximum DTI 50%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
826856   D B D B A A A A Closed xxxxxx 2025-01-08 16:03 2025-01-08 16:41 Waived 2 - Non-Material D B Credit Missing Doc Missing VOM or VOR Waived-Client Waiver applied with comp factors.     - Due Diligence Vendor-01/08/2025
Open-Exception in file for housing history for three mortgages not reported to credit not met, VOM provided for two of them, credit supplement provided for the third, no proof of payment provided, requesting
allowance  - Due Diligence Vendor-01/08/2025
  Waived-Client Waiver applied with comp factors.     - Due Diligence Vendor-01/08/2025

Qualifying DTI below maximum allowed - DTI of 29.29% is less than the maximum allowed per guidelines of 50%

On time mortgage history exceeds guideline requirement - Credit report reports on time mortgage history for last 40 months
30% DTI, program allows 50%.  50% CLTV, program allows 60%.  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
826859   D B D B A A A A Closed xxxxxx 2025-01-08 13:31 2025-04-15 13:05 Resolved 1 - Information D A Credit Missing Doc - Credit HOA Questionnaire Document is Missing Resolved-Received HOA Questionnaire. - Due Diligence Vendor-01/10/2025

Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Must meet guidelines. - Due Diligence Vendor-01/08/2025
  Resolved-Received HOA Questionnaire. - Due Diligence Vendor-01/10/2025

Qualifying DTI below maximum allowed - DTI 28.79% is lower than allowable 50%

On time mortgage history exceeds guideline requirement - 0x30 in the past 40 months 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
826859   D B D B A A A A Closed xxxxxx 2025-01-10 10:09 2025-01-16 17:15 Waived 2 - Non-Material C B Credit Eligibility Discrepancy between Condo Questionnaire and Appraisal Waived--Client exception granted with comp factors and waiver applied to non-material finding. Appraisal count was based on subject phase of development and documents from HOA were based on total development and all phases. - Due Diligence Vendor-01/16/2025
Open-Discrepancy between Condo Questionnaire and Appraisal. Appraisal reflects total number units of xxxxxx and the Condo Questionnaire reflects total number of units of xxxxxx. Provide reason for variance and reposed documentation to support correct number of units. - Due Diligence Vendor-01/15/2025
  Waived--Client exception granted with comp factors and waiver applied to non-material finding. Appraisal count was based on subject phase of development and documents from HOA were based on total development and all phases. - Due Diligence Vendor-01/16/2025

Qualifying DTI below maximum allowed - DTI 28.79% is lower than allowable 50%

On time mortgage history exceeds guideline requirement - 0x30 in the past 40 months 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
826859   D B D B A A A A Closed xxxxxx 2025-01-08 14:06 2025-01-08 15:23 Waived 2 - Non-Material C B Credit Eligibility Audited CLTV Exceeds Guideline CLTV Waived-Client exception granted and in file, waiver applied with comp factors.
 - Due Diligence Vendor-01/08/2025

Open-Audited CLTV of 64.45% exceeds Guideline CLTV of 60% - Due Diligence Vendor-01/08/2025
  Waived-Client exception granted and in file, waiver applied with comp factors.
 - Due Diligence Vendor-01/08/2025

Qualifying DTI below maximum allowed - DTI 28.79% is lower than allowable 50%

On time mortgage history exceeds guideline requirement - 0x30 in the past 40 months 
DTI <= 36% which is below requirement in guidelines
Self-employed for > 5 years
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
826859   D B D B A A A A Closed xxxxxx 2025-01-08 14:06 2025-01-08 15:23 Waived 2 - Non-Material B B Credit Missing Doc Approval/Underwriting Summary Not Provided Waived-Client waiver applied to non material finding with comp factors.
 - Due Diligence Vendor-01/08/2025

Open-Missing Approval/Underwriting Summary Provide lenders 1008/Approval - Due Diligence Vendor-01/08/2025
  Waived-Client waiver applied to non material finding with comp factors.
 - Due Diligence Vendor-01/08/2025

Qualifying DTI below maximum allowed - DTI 28.79% is lower than allowable 50%

On time mortgage history exceeds guideline requirement - 0x30 in the past 40 months 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
826893   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 Cash Out - Other      
826938   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
826959   C B C A B B A A Closed xxxxxx 2025-01-06 12:40 2025-01-29 12:23 Resolved 1 - Information C A Credit Eligibility Audited FICO is less than Guideline FICO Resolved-Audited FICO of 710 is greater than or equal to Guideline FICO of 680 - Due Diligence Vendor-01/29/2025

Open-Audited FICO of 650 is less than Guideline FICO of 680 Credit score for the borrower wither the highest income is to be used per guidelines. Co-borrower has the highest income and credit score is 650. - Due Diligence Vendor-01/06/2025
  Resolved-Audited FICO of 710 is greater than or equal to Guideline FICO of 680 - Due Diligence Vendor-01/29/2025

CLTV is less than guidelines maximum - CLTV 67.50%; max 75%.

Months Reserves exceed minimum required - 5 months PITIA reserves; 0 months reserves required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
826959   C B C A B B A A Closed xxxxxx 2025-01-02 09:10 2025-01-02 10:07 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/02/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/02/2025

CLTV is less than guidelines maximum - CLTV 67.50%; max 75%.

Months Reserves exceed minimum required - 5 months PITIA reserves; 0 months reserves required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
827034   D B D B B B A A Closed xxxxxx 2024-12-31 12:20 2025-04-16 13:14 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-12/31/2024   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-12/31/2024

Months Reserves exceed minimum required - 84>0

Qualifying FICO score is at least 20 points above minimum for program - 700>680
LTV 10% or more below max; Self-employment for >10 years QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
827034   D B D B B B A A Closed xxxxxx 2025-01-05 18:21 2025-01-28 05:12 Resolved 1 - Information D A Credit Missing Doc Borrower 1 CPA Letter Missing Resolved-Received borrower 1 CPA Letter. - Due Diligence Vendor-01/28/2025

Open-Borrower 1 CPA Letter Missing EA letter does not reflect license and missing validation.   - Due Diligence Vendor-01/05/2025
  Resolved-Received borrower 1 CPA Letter. - Due Diligence Vendor-01/28/2025

Months Reserves exceed minimum required - 84>0

Qualifying FICO score is at least 20 points above minimum for program - 700>680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827034   D B D B B B A A Closed xxxxxx 2025-01-10 09:56 2025-01-24 10:24 Resolved 1 - Information C A Credit Borrower Borrower information on 1003 is incomplete Resolved-Received verification client used higher T/I in the amount of $xxxxxx. which covers the actual correct amount of $xxxxxx. .  - Due Diligence Vendor-01/24/2025
Open-Borrower information on 1003 is incomplete. Provide a revised 1003 and 1008 reflecting correct HOI payment of $xxxxxx. per premium on revised HOI policy provided  of $xxxxxx. . - Due Diligence Vendor-01/10/2025
  Resolved-Received verification client used higher T/I in the amount of $xxxxxx.  which covers the actual correct amount of $xxxxxx. .  - Due Diligence Vendor-01/24/2025
Months Reserves exceed minimum required - 84>0

Qualifying FICO score is at least 20 points above minimum for program - 700>680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827034   D B D B B B A A Closed xxxxxx 2025-01-05 18:30 2025-01-13 11:32 Resolved 1 - Information C A Credit Eligibility File does not contain LOX for credit inquiries Resolved-Received LOE for credit inquiries. - Due Diligence Vendor-01/13/2025

Open-LOX for credit inquiries is missing.  Missing "signed" credit inquiry letter. - Due Diligence Vendor-01/06/2025
  Resolved-Received LOE for credit inquiries. - Due Diligence Vendor-01/13/2025

Months Reserves exceed minimum required - 84>0

Qualifying FICO score is at least 20 points above minimum for program - 700>680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827034   D B D B B B A A Closed xxxxxx 2025-01-05 17:55 2025-01-10 09:56 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Received Hazard Insurance Policy. - Due Diligence Vendor-01/10/2025

Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing annual premium on evidence of Hazard insurance received.   - Due Diligence Vendor-01/05/2025
  Resolved-Received Hazard Insurance Policy. - Due Diligence Vendor-01/10/2025

Months Reserves exceed minimum required - 84>0

Qualifying FICO score is at least 20 points above minimum for program - 700>680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827034   D B D B B B A A Closed xxxxxx 2025-01-05 18:38 2025-01-06 11:01 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-01/06/2025

Open-Exception in file:  11 overdrafts in the last 12 months. Request exception to allow 11 overdrafts in the last 12 months. - Due Diligence Vendor-01/06/2025
  Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-01/06/2025

Months Reserves exceed minimum required - 84>0

Qualifying FICO score is at least 20 points above minimum for program - 700>680
Exception Comp Factors:
LTV 10% or more below max; Self-employment for >10 years
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
827051   D A D A A A A A Closed xxxxxx 2025-01-11 12:07 2025-01-30 06:50 Resolved 1 - Information D A Credit Missing Doc Evidence of Property Tax Missing Resolved-Received evidence taxes have been paid in full. - Due Diligence Vendor-01/30/2025
Counter-Received tax bill. provided evidence taxes owing in the amount of xxxxxx have been paid. - Due Diligence Vendor-01/24/2025
Open-Missing Evidence of Property Tax for xxxxxx  - Due Diligence Vendor-01/11/2025
  Resolved-Received evidence taxes have been paid in full. - Due Diligence Vendor-01/30/2025

LTV is less than guideline maximum - CLTV is 74.62 and max allowed is 90%.

Qualifying FICO score is at least 20 points above minimum for program - Score is 803 and minimum allowed is 740
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827051   D A D A A A A A Closed xxxxxx 2025-01-11 13:15 2025-01-30 06:49 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-Received OFAC Check Completed and Cleared for all parties. - Due Diligence Vendor-01/24/2025
Open-OFAC Check Not Completed and/or Cleared UOFAC Check Not Completed and/or Cleared for the Underwriter and xxxxxx and Verus. - Due Diligence Vendor-01/11/2025
  Resolved-Received OFAC Check Completed and Cleared for all parties. - Due Diligence Vendor-01/24/2025

LTV is less than guideline maximum - CLTV is 74.62 and max allowed is 90%.

Qualifying FICO score is at least 20 points above minimum for program - Score is 803 and minimum allowed is 740
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827051   D A D A A A A A Closed xxxxxx 2025-01-11 12:07 2025-01-30 06:49 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received xxxxxx Title Policy with #24 removed. - Due Diligence Vendor-01/30/2025
Counter-Received email reflecting The borrower is the plaintiff in a suit and it is just a complaint and won’t effect lien position. Provide a  title supplement with this commentary for #24 . - Due Diligence Vendor-01/24/2025
Open-Property Title Issue. Provide a Title Supplement  for #24 on schedule B to be removed. - Due Diligence Vendor-01/11/2025
  Resolved-Received xxxxxx Title Policy with #24 removed. - Due Diligence Vendor-01/30/2025
LTV is less than guideline maximum - CLTV is 74.62 and max allowed is 90%.

Qualifying FICO score is at least 20 points above minimum for program - Score is 803 and minimum allowed is 740
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827051   D A D A A A A A Closed xxxxxx 2025-01-11 13:15 2025-01-28 09:29 Resolved 1 - Information C A Credit Eligibility All Interested Parties Not Checked with Exclusionary Lists Resolved-Received All Interested Parties Checked against Exclusionary Lists. - Due Diligence Vendor-01/28/2025
Ready for Review-Document Uploaded. additional participants run on page 17.   xxxxxx. - Buyer-01/24/2025
Open-All Interested Parties Not Checked with Exclusionary Lists for the Underwriter and xxxxxx and Verus. - Due Diligence Vendor-01/11/2025
  Resolved-Received All Interested Parties Checked against Exclusionary Lists. - Due Diligence Vendor-01/28/2025

LTV is less than guideline maximum - CLTV is 74.62 and max allowed is 90%.

Qualifying FICO score is at least 20 points above minimum for program - Score is 803 and minimum allowed is 740
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827051   D A D A A A A A Closed xxxxxx 2025-01-11 13:42 2025-01-24 10:40 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received the Final CD for the primary. Housing History Meets Guideline Requirements - Due Diligence Vendor-01/24/2025
Open-Housing History Does Not Meet Guideline Requirements. Provide the CD for proof of sale of prior primary address xxxxxx. - Due Diligence Vendor-01/11/2025
  Resolved-Received the Final CD for the primary. Housing History Meets Guideline Requirements - Due Diligence Vendor-01/24/2025

LTV is less than guideline maximum - CLTV is 74.62 and max allowed is 90%.

Qualifying FICO score is at least 20 points above minimum for program - Score is 803 and minimum allowed is 740
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827071   C A A A A A C A Closed xxxxxx 2025-01-06 12:51 2025-01-10 16:23 Resolved 1 - Information C A Property Value Appraised value unsupported Resolved-Upon further review, loan was closed using the haircut. Value is fine - Due Diligence Vendor-01/10/2025
Open-Secondary valuation provided has a variance of greater than -10% compared to the original appraised value. Missing field review or second appraisal required per guidelines  (when desk review reflect value more than 10% below appraised value) - Due Diligence Vendor-01/06/2025
  Resolved-Upon further review, loan was closed using the haircut. Value is fine - Due Diligence Vendor-01/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 738; Minimum required 700.

Long term residence - 15 years at current residence

Months Reserves exceed minimum required - 28.77 months PITIA reserves; 0 months reserves required.

CLTV is less than guidelines maximum - CLTV 61.63%; Max 80%.

Qualifying DTI below maximum allowed - Qualifying DTI 40.85%; Max permitted 50%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827109   C A C A A A A A Closed xxxxxx 2025-01-28 14:43 2025-02-07 09:47 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Audited Reserves of 25.39 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-02/07/2025
Ready for Review-borrower is a foreign national with a DSCR >1 - per the guidelines the reserves are 6 months PITI - Please provide where the need for 12 months reserves is located.  - Seller-01/28/2025
Open-Audited Reserves of 9.54 month(s) are less than Guideline Required Reserves of 12 month(s). Due to balance for xxxxxx statement provided is less in the amount of $92,128.94 - Due Diligence Vendor-01/28/2025
Ready for Review-borrower is a foreign national with a DSCR >1 - per the guidelines the reserves are 6 months PITI - Please provide where the need for 12 months reserves is located.  - Seller-01/28/2025

Resolved-Audited Reserves of 25.39 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-02/07/2025

LTV is less than guideline maximum - Max LTV 70% / Subject LTV 63.02%

Long term residence - Borrower in current primary 10 years
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
827109   C A C A A A A A Closed xxxxxx 2025-01-09 11:12 2025-01-28 14:41 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved-Received Transfers from the  foreign account. - Due Diligence Vendor-01/28/2025

Ready for Review-Document Uploaded.  - Seller-01/27/2025

Open-Asset Record 1 Does Not Meet G/L Requirements Missing evidence of transfer from foreign account to the borrowers' US accounts or the title company.   - Due Diligence Vendor-01/09/2025
Ready for Review-Document Uploaded.  - Seller-01/27/2025

Resolved-Received Transfers from the  foreign account. - Due Diligence Vendor-01/28/2025

LTV is less than guideline maximum - Max LTV 70% / Subject LTV 63.02%

Long term residence - Borrower in current primary 10 years
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
827109   C A C A A A A A Closed xxxxxx 2025-01-09 09:37 2025-01-22 16:24 Resolved 1 - Information C A Credit Eligibility Property Does Not Meet Guidelines (credit) Resolved-Received UW LOE regarding the entry. - Due Diligence Vendor-01/22/2025
Ready for Review-Document Uploaded. Page 17 of the 31 page appraisal report - xxxxxx.  - Seller-01/21/2025
Open-Property Issues are identified for the property -Although sketch shows an entry for Unit xxxxxx, based on photos, it appears that only access is a xxxxxx. If applicable, evidence of other access required. Additional findings may apply. - Due Diligence Vendor-01/09/2025
Ready for Review-Document Uploaded. Page 17 of the 31 page appraisal report - xxxxxx.  - Seller-01/21/2025
Resolved-Received UW LOE regarding the entry. - Due Diligence Vendor-01/22/2025

LTV is less than guideline maximum - Max LTV 70% / Subject LTV 63.02%

Long term residence - Borrower in current primary 10 years
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
827149   B B A A B B A A Closed xxxxxx 2025-01-07 14:54 2025-01-07 14:54 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-01/07/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-01/07/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 792.

Months Reserves exceed minimum required - Months reserves required is 0; qualifying reserves is 31.54 months.
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
827312   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
827364   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
827435   C A C A A A A A Closed xxxxxx 2025-01-30 18:07 2025-02-13 09:33 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Received RCE. - Due Diligence Vendor-02/13/2025

Open-Insufficient Coverage Amount for Insured Subject Property. Provide RCE for dwelling coverage amount or Dwelling coverage for 100% of loan amount. - Due Diligence Vendor-01/30/2025
  Resolved-Received RCE. - Due Diligence Vendor-02/13/2025

On time mortgage history exceeds guideline requirement - Borr Credit Report in file 1/6/2025 reporting 75mos mortgage history. Per guides, maximum mortgage history required is 12mos.

Months Reserves exceed minimum required - 64mos reserves. Per guides, 2mos reserves required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
827435   C A C A A A A A Closed xxxxxx 2025-01-30 18:36 2025-02-05 10:27 Resolved 1 - Information C A Credit Assets Cash Out Does Not Meet Guideline Requirements Resolved-Lease in the file is a 12-month lease that converts to month-to-month in January 2026. - Due Diligence Vendor-02/05/2025
Open-Cash Out Does Not Meet Guideline Requirements Subject Lease in file $1400 M-to-M. Per guides, 2months of proof of the receipt of rental income required to use to qualify. - Due Diligence Vendor-01/30/2025
  Resolved-Lease in the file is a 12-month lease that converts to month-to-month in January 2026. - Due Diligence Vendor-02/05/2025

On time mortgage history exceeds guideline requirement - Borr Credit Report in file 1/6/2025 reporting 75mos mortgage history. Per guides, maximum mortgage history required is 12mos.

Months Reserves exceed minimum required - 64mos reserves. Per guides, 2mos reserves required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
827437   D B D A B B A A Closed xxxxxx 2025-01-11 10:25 2025-01-28 05:17 Resolved 1 - Information C A Credit Income/Employment Employment Gaps in Employment Without Sufficient Explanation Resolved-Received Gap Letter. - Due Diligence Vendor-01/28/2025

Open-Per Final 1003, borrower has gaps in employment from 1/9/2023 - 4/3/2023 and again from 4/28/2023 - 8/7/2023, with no letter of explanation included in file to document/explain gaps in employment. Per guides, any gap in employment spanning more than 1 month must be explained. - Due Diligence Vendor-01/11/2025
  Resolved-Received Gap Letter. - Due Diligence Vendor-01/28/2025

LTV is less than guideline maximum - 74.04% < 80% max

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 720; qualifying FICO is 778.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827437   D B D A B B A A Closed xxxxxx 2025-01-11 11:28 2025-01-24 10:52 Resolved 1 - Information D A Credit Missing Doc Borrower 1 3rd Party VOE Prior to Close Missing Resolved-Received Borrower 1 3rd Party VVOE. - Due Diligence Vendor-01/24/2025

Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing Verbal VOE for Current Employer. Un-signed WVOE in file only. - Due Diligence Vendor-01/11/2025
  Resolved-Received Borrower 1 3rd Party VVOE. - Due Diligence Vendor-01/24/2025

LTV is less than guideline maximum - 74.04% < 80% max

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 720; qualifying FICO is 778.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827437   D B D A B B A A Closed xxxxxx 2025-01-09 18:19 2025-01-13 09:21 Waived 2 - Non-Material B B Compliance State Reg NY Subprime Loan Test Waived-Non Compliant NY Subprime- APR on subject loan of 9.687% is not within allowable threshold of APOR of 6.69% + 3.75% or 8.44%. - Due Diligence Vendor-04/25/2025
Open-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR NON Compliant NY Subprime- APR on subject loan of 9.687% is not  within allowable threshold of APOR of 6.69% + 3.75% or 8.44%. - Due Diligence Vendor-04/25/2025 
  Waived-Non Compliant NY Subprime- APR on subject loan of 9.687% is not within allowable threshold of APOR of 6.69% + 3.75% or 8.44%. - Due Diligence Vendor-04/25/2025
LTV is less than guideline maximum - 74.04% < 80% max

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 720; qualifying FICO is 778.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827437   D B D A B B A A Closed xxxxxx 2025-01-07 15:53 2025-01-07 15:53 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings - Due Diligence Vendor-01/07/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings - Due Diligence Vendor-01/07/2025

LTV is less than guideline maximum - 74.04% < 80% max

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 720; qualifying FICO is 778.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
827489   D B D B A A A A Closed xxxxxx 2025-02-05 09:37 2025-02-20 14:36 Waived 2 - Non-Material D B Credit Missing Doc Condo Master Insurance Policy is Partial Waived-Document Uploaded. Originator waiver applied to non material finding - Due Diligence Vendor-02/20/2025
Counter-90% co-insurance is acceptable, but the co-insurance is 100%. Finding remains. - Due Diligence Vendor-02/14/2025
Ready for Review-coinsurance is allowed as per the guidelines  - Seller-02/12/2025
Open-Condo Master Insurance Policy Partially Provided Co-insurance at 100%-guide only allows 90%. - Due Diligence Vendor-02/05/2025
Ready for Review-coinsurance is allowed as per the guidelines  - Seller-02/12/2025

Waived-Document Uploaded. Originator waiver applied to non material finding - Due Diligence Vendor-02/20/2025

Months Reserves exceed minimum required - 67.37 months PITIA reserves; 6 months reserves required.   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Post-Close Yes xxxxxx
827489   D B D B A A A A Closed xxxxxx 2025-02-05 09:43 2025-02-14 16:02 Waived 2 - Non-Material C B Credit Eligibility Condo does not meet requirements Waived-Originator provided a waiver for investor concentration, applied to non material finding with comp factors .  - Due Diligence Vendor-02/14/2025
Ready for Review-Document Uploaded.  - Seller-02/12/2025
Open-66% investor owned exceeds 60%-No comp factors listed on exception in file. Audit only able to find one viable comp factor, finding remains open and material. - Due Diligence Vendor-02/05/2025
Ready for Review-Document Uploaded.  - Seller-02/12/2025

Waived-Originator provided a waiver for investor concentration, applied to non material finding with comp factors - Due Diligence Vendor-02/14/2025
Months Reserves exceed minimum required - 67.37 months PITIA reserves; 6 months reserves required.   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Post-Close No xxxxxx
827557   C B C B A A A A Closed xxxxxx 2024-12-24 08:38 2025-01-30 06:55 Waived 2 - Non-Material C B Credit Eligibility Missing First Mtg Note Waived-Client provided an Exception, applied to non-material finding with comp factors. Subject is a second lien and senior first lien note is missing, however mortgage statement provided which reflects terms. - Due Diligence Vendor-04/30/2025
Counter-Copy of mortgage received . Missing copy of the First Lien Note . - Due Diligence Vendor-01/24/2025
Counter-Received copy of the Mortgage Statement, however per Verus xxxxxx guides 3.7 -page 144 First Lien requirements - a copy of the First Lien Note is required as well as a copy of the Mortgage Statement. Note is required to determine if all the term and conditions on the note adhere to First lien requirements. - Due Diligence Vendor-01/21/2025
Counter-Received copy of the uploaded mortgage statement. Please provide copy of the 1st lien Note.  - Due Diligence Vendor-01/14/2025
Counter-Subject Lien Note provided.  Please provide the 1st Lien Note. - Due Diligence Vendor-01/07/2025
Counter-Mortgage Statement and Mortgage provided. However, a copy of the 1st lien Note is required. - Due Diligence Vendor-01/02/2025
Open-Per guidelines 1st lien mortgage note is required for review.  - Due Diligence Vendor-12/24/2024
  Waived-Client provided an Exception, applied to non-material finding with comp factors. Subject is a second lien and senior first lien note is missing, however mortgage statement provided which reflects terms. - Due Diligence Vendor-04/30/2025
CLTV is less than guidelines maximum - CLTV 67.36%, max 80%%

Qualifying FICO score is at least 20 points above minimum for program - qualifying score 714, min score 680
-Credit Score 30+ points > minimum required
-LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
827560   D A C A D A A A Closed xxxxxx 2025-02-10 08:53 2025-02-13 10:51 Resolved 1 - Information C A Credit Closing Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) Resolved-UDM Report has been provided. - Due Diligence Vendor-02/13/2025
Ready for Review-Please reference Credit Refresh (12/23/24) on page 259 and UDM page 262.  Does this satisfy? - Buyer-02/12/2025
Counter-The Gap report is file is date 48 days prior to loan closing. Finding Remains. - Due Diligence Vendor-02/12/2025
Ready for Review-Please re-review 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.  - Buyer-02/11/2025
Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Monitoring through xxxxxx, loan closed xxxxxx - Due Diligence Vendor-02/10/2025
  Resolved-UDM Report has been provided. - Due Diligence Vendor-02/13/2025

Verified employment history exceeds guidelines - Employment for B2 of 12 years 6 months exceed the 24 month requirement

Months Reserves exceed minimum required - Reserves 19.53 months is higher than the minimum required 0
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827560   D A C A D A A A Closed xxxxxx 2025-02-06 23:50 2025-02-13 10:48 Resolved 1 - Information C A Credit Closing Borrower 2 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) Resolved-UDM Report has been provided. - Due Diligence Vendor-02/13/2025
Ready for Review-Please reference Credit Refresh (12/23/24) on page 259 and UDM page 262.  Does this satisfy? - Buyer-02/12/2025
Counter-The Gap report is file is date 48 days prior to loan closing. Finding Remains. - Due Diligence Vendor-02/12/2025
Ready for Review-Please re-review 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.  - Buyer-02/11/2025
Open-Borrower 2 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-02/07/2025
  Resolved-UDM Report has been provided. - Due Diligence Vendor-02/13/2025

Verified employment history exceeds guidelines - Employment for B2 of 12 years 6 months exceed the 24 month requirement

Months Reserves exceed minimum required - Reserves 19.53 months is higher than the minimum required 0
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827560   D A C A D A A A Closed xxxxxx 2025-02-05 14:54 2025-02-13 09:20 Resolved 1 - Information D A Compliance Missing Doc Missing Required Affiliated Business Disclosure Resolved-Received attestation of no affiliates from lender. - Due Diligence Vendor-02/13/2025

Open-Required Affiliated Business Disclosure Missing Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt. - Due Diligence Vendor-02/05/2025
  Resolved-Received attestation of no affiliates from lender. - Due Diligence Vendor-02/13/2025

Verified employment history exceeds guidelines - Employment for B2 of 12 years 6 months exceed the 24 month requirement

Months Reserves exceed minimum required - Reserves 19.53 months is higher than the minimum required 0
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827656   D B C B D A A A Closed xxxxxx 2025-02-05 15:32 2025-02-13 09:22 Resolved 1 - Information D A Compliance Missing Doc Missing Required Affiliated Business Disclosure Resolved-Received attestation that lender has no affiliates. - Due Diligence Vendor-02/13/2025

Open-Required Affiliated Business Disclosure Missing Missing Affiliated Business Disclosure and Title Fees appear in Section B. Unable to determine affiliate status of Providers utilized for Closing Protection Letter Fee and Lender's Title Insurance, unable to properly test fees. - Due Diligence Vendor-02/05/2025
  Resolved-Received attestation that lender has no affiliates. - Due Diligence Vendor-02/13/2025

Qualifying DTI below maximum allowed - DTI 44.99%;  max 50%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 790; minimum score 680.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
827656   D B C B D A A A Closed xxxxxx 2025-02-07 06:52 2025-02-10 09:52 Waived 2 - Non-Material C B Credit Eligibility Neighborhood Location Not Allowed for Program Waived-Subject property as xxxxxx.
Client exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-02/10/2025
Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Subject property as xxxxxx.
Client exception granted and in file, Waiver applied with comp factors.
 - Due Diligence Vendor-02/07/2025
  Waived-Subject property as xxxxxx.
Client exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-02/10/2025
Qualifying DTI below maximum allowed - DTI 44.99%;  max 50%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 790; minimum score 680.
LTV/CTLV 10% or more below the max allowed
Credit score 30+ points >minimum required.
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
827680   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
827695   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
827723   B B A A B B A A Closed xxxxxx 2025-01-27 10:13 2025-01-27 10:14 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material findings. - Due Diligence Vendor-01/27/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material findings. - Due Diligence Vendor-01/27/2025

On time mortgage history exceeds guideline requirement - 1st Mortgage discloses 44 months at 0x30. Guidelines required 0x30 in the last 12 months.

Qualifying DTI below maximum allowed - Guideline DTI 50%. Qualifying DTI 24.38%
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
827725   D A D A A A A A Closed xxxxxx 2025-01-15 11:55 2025-01-31 09:25 Resolved 1 - Information C A Credit Eligibility Prepayment Penalty Discrepancy Resolved-Prepay updated to 24 months, tape not required. - Due Diligence Vendor-01/31/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-01/27/2025
Open-There is a discrepancy with tape for Prepayment Penalty Total Term. Tape value: '60'  Diligence value '0'. Final CD and Tape reflect prepayment penalty.  Loan file does not contain rider or addendum to note to verify prepayment terms.  Additional conditions may apply. - Due Diligence Vendor-01/17/2025
  Resolved-Prepay updated to 24 months, tape not required. - Due Diligence Vendor-01/31/2025

On time mortgage history exceeds guideline requirement - Credit report reflect 33 months of on time mortgage payments

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 credit score.  Qualifying credit score is 785.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
827725   D A D A A A A A Closed xxxxxx 2025-01-22 11:38 2025-01-28 06:49 Resolved 1 - Information C A Credit Borrower Borrower information on 1003 is incomplete Resolved-Received revised 1003 reflecting borrower is a Permanent Resident Alien. - Due Diligence Vendor-01/28/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-01/27/2025

Open-*New* Please provide a corrected 1003 stating the correct citizenship status.  If Non-Permanent please provide documentation to support the category is eligible per the guidelines. - Due Diligence Vendor-01/22/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-01/27/2025

Resolved-Received revised 1003 reflecting borrower is a Permanent Resident Alien. - Due Diligence Vendor-01/28/2025

On time mortgage history exceeds guideline requirement - Credit report reflect 33 months of on time mortgage payments

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 credit score.  Qualifying credit score is 785.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
827725   D A D A A A A A Closed xxxxxx 2025-01-17 15:27 2025-01-28 06:48 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-Received EAD for B1 - Due Diligence Vendor-01/22/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-01/21/2025
Open-Borrower Citizenship Documentation Is Missing Underwriter comments state the borrower has a valid EAD card; however, a EAD card is not in the loan file and the 1003 reflects the borrower is a xxxxxx Citizen. Unable to confirm citizenship.  Additional findings may apply. - Due Diligence Vendor-01/17/2025
  Resolved-Received EAD for B1 - Due Diligence Vendor-01/22/2025

On time mortgage history exceeds guideline requirement - Credit report reflect 33 months of on time mortgage payments

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 credit score.  Qualifying credit score is 785.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
827725   D A D A A A A A Closed xxxxxx 2025-01-17 14:58 2025-01-22 11:49 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Fraud Report. - Due Diligence Vendor-01/22/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-01/22/2025
Open-Missing Third Party Fraud Report - Due Diligence Vendor-01/17/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-01/22/2025

Resolved-Received Fraud Report. - Due Diligence Vendor-01/22/2025

On time mortgage history exceeds guideline requirement - Credit report reflect 33 months of on time mortgage payments

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 credit score.  Qualifying credit score is 785.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
827799   D B D B A A C A Closed xxxxxx 2025-02-07 14:59 2025-02-21 14:14 Resolved 1 - Information C A Property Appraisal Appraisal incomplete (missing map, layout, pages, etc.) Resolved-The rent calc is $2,443 + $4,125 - $375.35=$6,192.65.  DSCR is 1.003 - Due Diligence Vendor-02/21/2025
Counter-Audit comment:  page 135 of 145 of the appraisal under rents and expenses are the management fees of ($4504.20) / 12  =  $375.35   -   DSCR Calc =   Gross rent $_6641-$375.35 per pg 131 = 6265.65 /
PITIA $6174.21/ 5528.38       Audit response: Used Market Rents : Unit xxxxxx vacant used market rent $5,500 x75% = $4,125 Used Rent Per Exception: Unit xxxxxx (commercial) $2443- Used 75% of Market rent for vacant unit per guidelines . Please a revised DSCR calculation with  correct market rent of 4,125 for unit xxxxxx with thee reduction of management fees. - Due Diligence Vendor-02/19/2025
Open-Missing management fee for mixed use property or LOE from borrower that subject is self managed. Must be reduced from gross qualifying rent. - Due Diligence Vendor-02/07/2025
  Resolved-The rent calc is $2,443 + $4,125 - $375.35=$6,192.65.  DSCR is 1.003 - Due Diligence Vendor-02/21/2025

Months Reserves exceed minimum required - 15 months-requires 6 months reserves

Qualifying FICO score is at least 20 points above minimum for program - 765 Fico higher than 720 minimum required 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
827799   D B D B A A C A Closed xxxxxx 2025-02-07 05:14 2025-02-07 15:21 Waived 2 - Non-Material D B Credit Missing Doc Missing Verification of Rent Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/07/2025

Open-2 months rent receipt required on month to month for commercial lease-only one month provided - Due Diligence Vendor-02/07/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/07/2025

Months Reserves exceed minimum required - 15 months-requires 6 months reserves

Qualifying FICO score is at least 20 points above minimum for program - 765 Fico higher than 720 minimum required 
0x30x52
Reserves > 2 months over guidelines
FICO 50 pts over min
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
827810   D B D B A A A A Closed xxxxxx 2025-01-06 18:48 2025-01-22 10:23 Resolved 1 - Information C A Credit Eligibility Audited DTI Exceeds Guideline DTI Resolved-Upon further review, used documented Schedule E rental income. No further action required. - Due Diligence Vendor-01/22/2025
Counter-Received copy of the income worksheet, all wage the earner income matches. However for the REO property xxxxxx- borrower took out a  second mortgage on xxxxxx with xxxxxx per Note in file. Income used to qualify is P&I=$6,092.76 2nd =$1,143.56 taxes=xxxxxx and Flood =$141.17 Gross rent =$4,900 with vacancy factor of 25% =$3,675    total payment use to qualify =$4,419.47 - Due Diligence Vendor-01/15/2025
Open-Audited DTI of 52.57% exceeds Guideline DTI of 50% Exceeds 50% - Due Diligence Vendor-01/06/2025
  Resolved-Upon further review, used documented Schedule E rental income. No further action required. - Due Diligence Vendor-01/22/2025

Months Reserves exceed minimum required -  30 mths reserves; 0 mths required.

Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 724
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
827810   D B D B A A A A Closed xxxxxx 2025-01-15 09:39 2025-01-22 09:46 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-Received revised Fraud Report. OFAC Check Completed and Cleared for all parties. - Due Diligence Vendor-01/22/2025
Open-OFAC Check Not Completed and/or Cleared for all red alerts and the lender xxxxxx - Due Diligence Vendor-01/15/2025
  Resolved-Received revised Fraud Report. OFAC Check Completed and Cleared for all parties. - Due Diligence Vendor-01/22/2025

Months Reserves exceed minimum required -  30 mths reserves; 0 mths required.

Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 724
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
827810   D B D B A A A A Closed xxxxxx 2025-01-06 17:40 2025-01-22 09:46 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Third Party Fraud Report. - Due Diligence Vendor-01/15/2025

Open-Missing Third Party Fraud Report Not in loan file - Due Diligence Vendor-01/06/2025
  Resolved-Received Third Party Fraud Report. - Due Diligence Vendor-01/15/2025

Months Reserves exceed minimum required -  30 mths reserves; 0 mths required.

Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 724
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
827810   D B D B A A A A Closed xxxxxx 2025-01-06 17:40 2025-01-22 09:38 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Received borrower 1 Gap Credit Report. - Due Diligence Vendor-01/22/2025

Open-Borrower 1 Gap Credit Report is Missing No fraud report/gap credit - Due Diligence Vendor-01/06/2025
  Resolved-Received borrower 1 Gap Credit Report. - Due Diligence Vendor-01/22/2025

Months Reserves exceed minimum required -  30 mths reserves; 0 mths required.

Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 724
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
827810   D B D B A A A A Closed xxxxxx 2025-01-06 18:53 2025-01-15 09:50 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Client provided an Exception for property being listed for sale in the past 6 months, applied to non material finding with reviewed comp factors. - Due Diligence Vendor-01/15/2025
Open-Property Issues are identified for the property Exception request for property being listed for sale in the past 6 months.  - Due Diligence Vendor-01/06/2025
  Waived-Client provided an Exception for property being listed for sale in the past 6 months, applied to non material finding with reviewed comp factors. - Due Diligence Vendor-01/15/2025

Months Reserves exceed minimum required -  30 mths reserves; 0 mths required.

Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 724
-Current primary home ownership > 10 years
-Total Debt Payment Total debt payment reduced more than $500 per month
-Min 680, actual 724
-30 months reserves; 0 months required.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
827810   D B D B A A A A Closed xxxxxx 2025-01-06 16:58 2025-01-15 09:36 Resolved 1 - Information C A Credit Insurance Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed Resolved-Received Notice of Special Flood Hazard Disclosure. - Due Diligence Vendor-01/15/2025
Open-Subject Property is in Flood Zone AE but Notice of Special Flood Hazard Disclosure was not provided No disclosure found - Due Diligence Vendor-01/06/2025
  Resolved-Received Notice of Special Flood Hazard Disclosure. - Due Diligence Vendor-01/15/2025

Months Reserves exceed minimum required -  30 mths reserves; 0 mths required.

Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 724
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
827898   B B A A B B A A Closed xxxxxx 2025-02-06 10:13 2025-02-06 10:32 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material finding. - Due Diligence Vendor-02/06/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material finding. - Due Diligence Vendor-02/06/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 734; minimum required 680

LTV is less than guideline maximum - 48.71% < 80% max
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828004   C A C A A A A A Closed xxxxxx 2025-02-05 16:28 2025-04-16 12:04 Resolved 1 - Information C A Credit Eligibility Calculated DSCR does not meet the Minimum DSCR allowed Resolved-Upon further review. The Calculated DSCR is equal to or exceeds the minimum DSCR per lender guidelines or Not Applicable. - Due Diligence Vendor-04/16/2025

Open-The Calculated DSCR is equal to or exceeds the minimum DSCR per lender guidelines or Not Applicable. - Due Diligence Vendor-04/16/2025
  Resolved-Upon further review. The Calculated DSCR is equal to or exceeds the minimum DSCR per lender guidelines or Not Applicable. - Due Diligence Vendor-04/16/2025

Long term residence - 22 Years at primary residence.

Months Reserves exceed minimum required - 19 months reserves; 2 months reserves required. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828046   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
828076   C A A A A A C A Closed xxxxxx 2025-02-05 16:43 2025-02-14 09:58 Resolved 1 - Information C A Property Property FEMA disaster declared within 120 days of Note Resolved-Received Statement from the Appraiser, no damage to property or marketability. - Due Diligence Vendor-02/14/2025
Open-xxxxxx
Incident Period: xxxxxx
Major Disaster Declaration declared on xxxxxx-Appraiser to comment no damage from storm and no effect on marketability. - Due Diligence Vendor-02/05/2025
  Resolved-Received Statement from the Appraiser, no damage to property or marketability. - Due Diligence Vendor-02/14/2025

Months Reserves exceed minimum required - The Borrower has 123.38 months in reserves, 6 required.

LTV is less than guideline maximum - LTV is 54.50; guideline is 75%.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828093   C A A A A A C A Closed xxxxxx 2025-01-10 21:05 2025-02-06 11:53 Resolved 1 - Information C A Property Property FEMA disaster declared INDIVIDUAL Resolved-PDI provided confirming no damage from the recent disaster. - Due Diligence Vendor-02/06/2025
Ready for Review-2/6/25 - correct PDI - Buyer-02/06/2025
Counter-PDI for wrong address - Due Diligence Vendor-02/06/2025
Ready for Review-Document Uploaded. 2/6/26 - manually re-uploaded - Buyer-02/06/2025
Open-xxxxxx
Incident Period: xxxxxx and continuing
Major Disaster Declaration declared on xxxxxx - Due Diligence Vendor-01/11/2025
  Resolved-PDI provided confirming no damage from the recent disaster. - Due Diligence Vendor-02/06/2025

Qualifying DTI below maximum allowed - DTI of 40.24% is less than the maximum allowed per guidelines of 50%

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 773 is higher than the minimum required score of 740
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828105   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Refinance Cash Out - Other      
828126   C B C B A A A A Closed xxxxxx 2025-01-22 09:07 2025-02-18 10:21 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-Received additional assets, backed out large deposits. - Due Diligence Vendor-02/18/2025
Counter-Client comments - xxxxxx respectfully disagrees with the finding. This is a DSCR loan – no income or employment is documented. Per Guidelines large deposits are not required to be sourced. The file documents that deposits are not required to be sourced. - AUDIT RESPONSE - The deposit appears to be a gift and gift funds are not allowed. Finding remains. - Due Diligence Vendor-02/05/2025
Open-Asset Qualification Does Not Meet Guideline Requirements Bank statement whose last four digits are xxxxxx reflect a deposit on 10/17 and 10/30 from an individual who shares the same last name as the borrower. Per Guides gift funds are not eligible. Deposits cannot be backed out as they are required to meet minimum and exception reserve requirements. Need documentation to support the inclusion of the deposits within guides. Additional findings may apply.  - Due Diligence Vendor-01/22/2025
  Resolved-Received additional assets, backed out large deposits. - Due Diligence Vendor-02/18/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 717; minimum required 680

LTV is less than guideline maximum - Qualifying LTV 40.91%; max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828126   C B C B A A A A Closed xxxxxx 2025-01-22 08:30 2025-02-07 10:29 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received attorney statement that subject unit has clear title and appraisal does not note any adverse environmental or physical deficiencies. No further documentation is needed or required. - Due Diligence Vendor-02/07/2025
Open-Property Title Issue Missing evidence that the xxxxxx and xxxxxx Violations are resolved.  - Due Diligence Vendor-01/22/2025
  Resolved-Received attorney statement that subject unit has clear title and appraisal does not note any adverse environmental or physical deficiencies. No further documentation is needed or required. - Due Diligence Vendor-02/07/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 717; minimum required 680

LTV is less than guideline maximum - Qualifying LTV 40.91%; max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828126   C B C B A A A A Closed xxxxxx 2025-01-22 08:56 2025-02-04 10:07 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received documentation to support free and clear. - Due Diligence Vendor-02/04/2025
Open-Housing History Does Not Meet Guideline Requirements Missing evidence the borrower's primary residence was purchased free and clear and remains free and clear (to meet 0x30x36 for first time investor). Additional findings may apply.  - Due Diligence Vendor-01/22/2025
  Resolved-Received documentation to support free and clear. - Due Diligence Vendor-02/04/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 717; minimum required 680

LTV is less than guideline maximum - Qualifying LTV 40.91%; max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828126   C B C B A A A A Closed xxxxxx 2025-01-22 08:52 2025-01-22 14:40 Waived 2 - Non-Material C B Credit Eligibility Condo does not meet requirements Waived-Client exception granted and in file, waiver applied with compensating factors. Deemed non material. - Due Diligence Vendor-01/22/2025
Open-Condo does not meet non-warrantable guidelines as the investor concentration exceeds 60%. Exception in file.  - Due Diligence Vendor-01/22/2025
  Waived-Client exception granted and in file, waiver applied with compensating factors. Deemed non material. - Due Diligence Vendor-01/22/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 717; minimum required 680

LTV is less than guideline maximum - Qualifying LTV 40.91%; max 75%
- LTV 5% or more below the max allowed
- FICO 10 pts greater than minimum required
- 30 months reserves ; 2 months minimum required
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
828133   C A C A A A A A Closed xxxxxx 2025-01-16 10:40 2025-01-30 10:16 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Mortgage statements for primary residence shows November 2024 payment was made and October had no late fees applied, verifying the payment was made. - Due Diligence Vendor-01/30/2025
Ready for Review-Document Uploaded.  - Seller-01/30/2025
Open-Housing History Does Not Meet Guideline Requirements Need verification primary housing payment was made for October and November 2024. Mortgage statement provided shows due for 10/01/2024. - Due Diligence Vendor-01/16/2025
Ready for Review-Document Uploaded.  - Seller-01/30/2025

Resolved-Mortgage statements for primary residence shows November 2024 payment was made and October had no late fees applied, verifying the payment was made. - Due Diligence Vendor-01/30/2025

LTV is less than guideline maximum - LTV 59.69% max 70% permitted.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732; minimum score 700.

Long term residence - Long term residence- Borrower has been in primary residence 8 years.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828133   C A C A A A A A Closed xxxxxx 2025-01-16 16:17 2025-01-27 15:14 Resolved 1 - Information C A Credit Debt No evidence of required debt payoff Resolved-Received payoff statement - Due Diligence Vendor-03/24/2025
Open-Subject loan being paid off is part of a cross collateralized loan.  Missing payoff from lender to confirm payoff for subject property, late fees, deferred balance, or delinquent interest are subject to housing history and/or credit event criteria.  Additional conditions may apply.   - Due Diligence Vendor-01/16/2025
  Resolved-Received payoff statement - Due Diligence Vendor-03/24/2025

LTV is less than guideline maximum - LTV 59.69% max 70% permitted.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732; minimum score 700.

Long term residence - Long term residence- Borrower has been in primary residence 8 years.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828139   D A D A A A A A Closed xxxxxx 2025-01-15 13:32 2025-02-12 10:10 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Audited Reserves of 103.6 month(s) are greater than or equal to Guideline Required Reserves of 2 month(s) - Due Diligence Vendor-01/30/2025
Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of 2 month(s) Guidelines require 2 months reserves.  Missing asset documentation. - Due Diligence Vendor-01/15/2025
  Resolved-Audited Reserves of 103.6 month(s) are greater than or equal to Guideline Required Reserves of 2 month(s) - Due Diligence Vendor-01/30/2025

Qualifying FICO score is at least 20 points above minimum for program - Fic is 732, 700 min is allowed

LTV is less than guideline maximum - LTv is 60%, Allowed to 70%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828139   D A D A A A A A Closed xxxxxx 2025-01-15 13:19 2025-02-03 16:22 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-The November mortgage statement confirms the October payment was made with no accrued late fee and no late fees for the year. - Due Diligence Vendor-01/30/2025
Open-Housing History Does Not Meet Guideline Requirements Need verification primary housing payment was made for November 2024.  Pay history provided shows last payment made 10/2024.  - Due Diligence Vendor-01/15/2025
  Resolved-The November mortgage statement confirms the October payment was made with no accrued late fee and no late fees for the year. - Due Diligence Vendor-01/30/2025

Qualifying FICO score is at least 20 points above minimum for program - Fic is 732, 700 min is allowed

LTV is less than guideline maximum - LTv is 60%, Allowed to 70%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828139   D A D A A A A A Closed xxxxxx 2025-01-15 13:22 2025-02-03 16:21 Resolved 1 - Information C A Credit Assets Total Qualified Assets Post-Close is Less than $0 Resolved-Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-01/30/2025

Open-Total Qualified Assets Post-Close amount is '$-142.37'.  Assets are Insufficient. Borrower required to bring $142.37 to closing.  No asset documentation in file. - Due Diligence Vendor-01/15/2025
  Resolved-Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-01/30/2025

Qualifying FICO score is at least 20 points above minimum for program - Fic is 732, 700 min is allowed

LTV is less than guideline maximum - LTv is 60%, Allowed to 70%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828139   D A D A A A A A Closed xxxxxx 2025-01-15 13:21 2025-02-03 16:20 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-02/03/2025

Ready for Review-Document Uploaded.  - Seller-01/31/2025

Open-Missing Third Party Fraud Report for B1. - Due Diligence Vendor-01/15/2025
Ready for Review-Document Uploaded.  - Seller-01/31/2025

Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-02/03/2025

Qualifying FICO score is at least 20 points above minimum for program - Fic is 732, 700 min is allowed

LTV is less than guideline maximum - LTv is 60%, Allowed to 70%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828139   D A D A A A A A Closed xxxxxx 2025-01-15 12:48 2025-01-27 15:05 Resolved 1 - Information C A Credit Debt No evidence of required debt payoff Resolved-Document Uploaded. Received payoff statement - Due Diligence Vendor-01/27/2025
Open-Subject loan being paid off is part of a cross collateralized loan.  Missing payoff from lender to confirm payoff for subject property, late fees, deferred balance, or delinquent interest are subject to housing history and/or credit event criteria.  Additional conditions may apply. - Due Diligence Vendor-01/15/2025
  Resolved-Document Uploaded. Received payoff statement - Due Diligence Vendor-01/27/2025

Qualifying FICO score is at least 20 points above minimum for program - Fic is 732, 700 min is allowed

LTV is less than guideline maximum - LTv is 60%, Allowed to 70%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828142   C A C A A A A A Closed xxxxxx 2025-01-15 12:21 2025-01-30 11:11 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Received CD. Audited Reserves of 113.94 month(s) are greater than or equal to Guideline Required Reserves of 2 month(s) - Due Diligence Vendor-03/24/2025
Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of 2 month(s) Guidelines require 2 months reserves.  Assets not provided.  - Due Diligence Vendor-01/15/2025
  Resolved-Received CD. Audited Reserves of 113.94 month(s) are greater than or equal to Guideline Required Reserves of 2 month(s) - Due Diligence Vendor-03/24/2025

Long term residence - Long term residence- Borrower has been in current primary residence 8 years.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732, Minimum is 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828142   C A C A A A A A Closed xxxxxx 2025-01-15 12:12 2025-01-30 11:11 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received proof of the November mortgage statement confirms the October payment was made with no accrued late fee and no late fees for the year. - Due Diligence Vendor-03/24/2025
Open-Housing History Does Not Meet Guideline Requirements Need verification primary housing payment was made for October and November 2024. Mortgage statement provided shows due for 10/01/2024. - Due Diligence Vendor-01/15/2025
  Resolved-Received proof of the November mortgage statement confirms the October payment was made with no accrued late fee and no late fees for the year. - Due Diligence Vendor-03/24/2025

Long term residence - Long term residence- Borrower has been in current primary residence 8 years.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732, Minimum is 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828142   C A C A A A A A Closed xxxxxx 2025-01-15 12:15 2025-01-30 11:09 Resolved 1 - Information C A Credit Assets Total Qualified Assets Post-Close is Less than $0 Resolved-Received CD. Upon further review no additional documentation required. - Due Diligence Vendor-03/24/2025

Open-Total Qualified Assets Post-Close amount is '$-3089.05'.  Assets are Insufficient. Borrower required to bring $3,089.05 to closing.  Asset documentation not provided. - Due Diligence Vendor-01/15/2025
  Resolved-Received CD. Upon further review no additional documentation required. - Due Diligence Vendor-03/24/2025

Long term residence - Long term residence- Borrower has been in current primary residence 8 years.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732, Minimum is 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828142   C A C A A A A A Closed xxxxxx 2025-01-15 12:12 2025-01-27 15:05 Resolved 1 - Information C A Credit Debt No evidence of required debt payoff Resolved-Received payoff statement - Due Diligence Vendor-03/24/2025

Open-Subject loan being paid off is part of a cross collateralized loan.  Missing payoff from lender to confirm payoff for subject property, late fees, deferred balance, or delinquent interest are subject to housing history and/or credit event criteria.  Additional conditions may apply. - Due Diligence Vendor-01/15/2025
  Resolved-Received payoff statement - Due Diligence Vendor-03/24/2025

Long term residence - Long term residence- Borrower has been in current primary residence 8 years.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732, Minimum is 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828147   C A C A A A A A Closed xxxxxx 2025-01-14 11:09 2025-01-30 10:37 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-The November mortgage statement confirms the October payment was made with no accrued late fee and no late fees for the year. - Due Diligence Vendor-01/30/2025
Ready for Review-Document Uploaded.  - Seller-01/30/2025
Counter-Nov and Dec provided.  Please provide Oct. - Due Diligence Vendor-01/29/2025
Ready for Review-Document Uploaded.  - Seller-01/28/2025
Open-Housing History Does Not Meet Guideline Requirements Need verification primary housing payment was made for October and November 2024. Mortgage statement provided shows due for 10/01/2024. - Due Diligence Vendor-01/14/2025
Ready for Review-Document Uploaded.  - Seller-01/30/2025

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

Resolved-The November mortgage statement confirms the October payment was made with no accrued late fee and no late fees for the year. - Due Diligence Vendor-01/30/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732; Minimum required 700.

LTV is less than guideline maximum - LTV 60% max LTV 70%.

Long term residence - Long term residence. Borrower has been in primary residence 8 years.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828147   C A C A A A A A Closed xxxxxx 2025-01-14 11:10 2025-01-27 15:00 Resolved 1 - Information C A Credit Debt No evidence of required debt payoff Resolved-Document Uploaded. Received payoff statement - Due Diligence Vendor-01/27/2025
Open-Subject loan being paid off is part of a cross collateralized loan.  Missing payoff from lender to confirm payoff for subject property, late fees, deferred balance, or delinquent interest are subject to housing history and/or credit event criteria.  Additional conditions may apply. - Due Diligence Vendor-01/14/2025
  Resolved-Document Uploaded. Received payoff statement - Due Diligence Vendor-01/27/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732; Minimum required 700.

LTV is less than guideline maximum - LTV 60% max LTV 70%.

Long term residence - Long term residence. Borrower has been in primary residence 8 years.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828150   C A C A A A A A Closed xxxxxx 2025-01-13 15:37 2025-01-30 11:17 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Document Uploaded. Document Uploaded. Funds from the refinance of xxxxxx property were provided. - Due Diligence Vendor-01/30/2025
Ready for Review-Loan xxxxxx closed with the borrower receiving large amounts of cash back - these funds can be used to cover any funds needed to close this loan plus cover any reserves required. Please review and use them to meet this condition.  - Seller-01/28/2025
Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of 2 month(s) Guidelines require 2 months reserves.  Asset statements not provided. Additional conditions may apply.  - Due Diligence Vendor-01/14/2025
Ready for Review-Loan xxxxxx closed with the borrower receiving large amounts of cash back - these funds can be used to cover any funds needed to close this loan plus cover any reserves required. Please review and use them to meet this condition.  - Seller-01/28/2025
Resolved-Document Uploaded. Document Uploaded. Funds from the refinance of xxxxxx property were provided. - Due Diligence Vendor-01/30/2025
LTV is less than guideline maximum - Guidelines allow LTV to 75%.  Subject loan LTV is 58.97%.

Long term residence - Long term residence. Borrower has been living in primary residence 8 yrs.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732, Minimum 660
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
828150   C A C A A A A A Closed xxxxxx 2025-01-13 15:14 2025-01-30 11:14 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Mortgage statements for primary residence shows November 2024 payment was made and October had no late fees applied, verifying the payment was made. - Due Diligence Vendor-01/30/2025
Counter-Received Nov and Dec.  Please provide Oct. - Due Diligence Vendor-01/29/2025
Ready for Review-Document Uploaded.  - Seller-01/28/2025
Open-Housing History Does Not Meet Guideline Requirements Need verification primary housing payment was made for October and November 2024. Mortgage statement provided shows due for 10/01/2024. - Due Diligence Vendor-01/14/2025
Ready for Review-Document Uploaded.  - Seller-01/28/2025

Resolved-Mortgage statements for primary residence shows November 2024 payment was made and October had no late fees applied, verifying the payment was made. - Due Diligence Vendor-01/30/2025

LTV is less than guideline maximum - Guidelines allow LTV to 75%.  Subject loan LTV is 58.97%.

Long term residence - Long term residence. Borrower has been living in primary residence 8 yrs.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732, Minimum 660
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
828150   C A C A A A A A Closed xxxxxx 2025-01-13 15:15 2025-01-27 14:51 Resolved 1 - Information C A Credit Debt No evidence of required debt payoff Resolved-Document Uploaded. -Received payoff statement - Due Diligence Vendor-01/27/2025
Open-Subject loan being paid off is part of a cross collateralized loan.  Missing payoff from lender to confirm payoff, late fees, deferred balance, or delinquent interest are subject to housing history and/or credit event criteria.  Additional conditions may apply. - Due Diligence Vendor-01/14/2025
  Resolved-Document Uploaded. -Received payoff statement - Due Diligence Vendor-01/27/2025

LTV is less than guideline maximum - Guidelines allow LTV to 75%.  Subject loan LTV is 58.97%.

Long term residence - Long term residence. Borrower has been living in primary residence 8 yrs.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 732, Minimum 660
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
828155   C B C B B B A A Closed xxxxxx 2025-01-29 00:59 2025-01-31 10:44 Waived 2 - Non-Material C B Credit Eligibility Neighborhood Location Not Allowed for Program Waived-Client provided a waiver for property location, applied to non material finding with comp factors - Due Diligence Vendor-01/31/2025
Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Appraisal completed xxxxxx: subject property location 'xxxxxx', site value xxxxxx acres. Per guides: No rural properties, maximum 2-acres. - Due Diligence Vendor-01/29/2025
  Waived-Client provided a waiver for property location, applied to non material finding with comp factors - Due Diligence Vendor-01/31/2025

CLTV is less than guidelines maximum - Borr CLTV 66.88%. Per guides, maximum CLTV 80%.

Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 756. Per guides, minimum score required 700.
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Credit Score 20 points > minimum required
Current primary home ownership > 5 years.
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828155   C B C B B B A A Closed xxxxxx 2025-01-27 10:02 2025-01-27 10:07 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/27/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/27/2025

CLTV is less than guidelines maximum - Borr CLTV 66.88%. Per guides, maximum CLTV 80%.

Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 756. Per guides, minimum score required 700.
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828215   B B A A B B A A Closed xxxxxx 2025-01-29 13:46 2025-01-29 13:51 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material finding - Due Diligence Vendor-01/29/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material finding - Due Diligence Vendor-01/29/2025

Qualifying DTI below maximum allowed - DTI 31.65% is lower than allowable 50%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 756 is higher than the required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828238   C A A A A A C A Closed xxxxxx 2025-01-28 11:14 2025-02-03 13:11 Resolved 1 - Information C A Property Value Appraised value unsupported Resolved-A desk review was provided which supports the original appraised value - Due Diligence Vendor-02/03/2025

Ready for Review-Document Uploaded. Please see attached. - Buyer-01/31/2025

Open-Secondary valuation provided has a variance of greater than -10% compared to the original appraised value. AVM provided outside of 10% of the appraised value. - Due Diligence Vendor-01/29/2025
  Resolved-A desk review was provided which supports the original appraised value - Due Diligence Vendor-02/03/2025

Qualifying FICO score is at least 20 points above minimum for program - 706 > 680

CLTV is less than guidelines maximum - 49.8% < 80% max
  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
828245   B B A A B B A A Closed xxxxxx 2025-04-17 12:23 2025-04-17 12:24 Waived 2 - Non-Material B B Compliance State Reg NY Subprime Loan Test Waived-APR on subject loan of subject loan is 9.942% which is in excess of allowable threshold of APOR 6.63% + 3.75 = 10.38%. - Due Diligence Vendor-04/25/2025
Open-Non Compliant NY Subprime-APR is not  within allowable threshold of excess of allowable threshold of APOR - APR on subject loan is 9.942% which is in excess of allowable threshold of APOR 6.63% + 3.75 = 10.38%. - Due Diligence Vendor-04/25/2025
  Waived-APR on subject loan of subject loan is 9.942% which is in excess of allowable threshold of APOR 6.63% + 3.75 = 10.38%. - Due Diligence Vendor-04/25/2025
Months Reserves exceed minimum required - 17.05 Month reserves is higher than the 0 required

Qualifying FICO score is at least 20 points above minimum for program - FICO 726 is higher than 680 minimum 
  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
828245   B B A A B B A A Closed xxxxxx 2025-02-06 10:21 2025-02-06 10:21 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-02/06/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-02/06/2025

Months Reserves exceed minimum required - 17.05 Month reserves is higher than the 0 required

Qualifying FICO score is at least 20 points above minimum for program - FICO 726 is higher than 680 minimum 
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828262   D A D A A A A A Closed xxxxxx 2025-01-08 17:39 2025-02-14 10:01 Resolved 1 - Information D A Credit Missing Doc Purchase Contract is Missing Resolved-Received purchase contract. - Due Diligence Vendor-02/14/2025

Open-Loan Purpose is Purchase but Purchase Contract is Missing. Missing Purch Ctrct  - Due Diligence Vendor-01/09/2025
  Resolved-Received purchase contract. - Due Diligence Vendor-02/14/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO = 773     Min FICO = 640

Months Reserves exceed minimum required - 49 mths reserves; 2 mths required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828282   C B C A B B A A Closed xxxxxx 2025-01-29 12:08 2025-02-03 10:38 Resolved 1 - Information C A Credit Eligibility File does not contain LOX for credit inquiries Resolved-Received LOE. - Due Diligence Vendor-02/03/2025

Open-LOX for credit inquiries is missing.  Credit Report disclose 3  inquiries. File does not LOX regarding credit inquiries.  - Due Diligence Vendor-01/29/2025
  Resolved-Received LOE. - Due Diligence Vendor-02/03/2025

Qualifying DTI below maximum allowed - Guideline DTI 50%. Actual DTI 38.14

Qualifying FICO score is at least 20 points above minimum for program - Guideline FICO Min 700. Actual FICO 783.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
828282   C B C A B B A A Closed xxxxxx 2025-01-27 09:17 2025-01-27 09:17 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/27/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-01/27/2025

Qualifying DTI below maximum allowed - Guideline DTI 50%. Actual DTI 38.14

Qualifying FICO score is at least 20 points above minimum for program - Guideline FICO Min 700. Actual FICO 783.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828445   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
828447   B B A A B B A A Closed xxxxxx 2025-02-07 06:58 2025-02-07 06:58 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings.   - Due Diligence Vendor-02/07/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings.   - Due Diligence Vendor-02/07/2025

Qualifying FICO score is at least 20 points above minimum for program - 720 > 680 minimum

CLTV is less than guidelines maximum - 59.39% < 75% max
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828457   C B C B A A A A Closed xxxxxx 2025-01-03 16:38 2025-01-03 16:39 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived--Client exception granted to allow appraisal as is without commentary from appraiser. To note value used for LTV was the lower prior list price and not the appraised value. Waiver applied to non-material finding with compensating factors. Studio style units are not uncommon for the area and comparables used are similar to subject. - Due Diligence Vendor-04/30/2025
Open-Appraiser to provide comments regarding declining market conditions for property values including impact to value and if trend is temporary. Additional findings may apply. - Due Diligence Vendor-01/03/2025
  Waived--Client exception granted to allow appraisal as is without commentary from appraiser. To note value used for LTV was the lower prior list price and not the appraised value. Waiver applied to non-material finding with compensating factors. Studio style units are not uncommon for the area and comparables used are similar to subject. - Due Diligence Vendor-04/30/2025 Months Reserves exceed minimum required - Qualifying reserves 37 months; minimum required $NONE

Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual $31,008; minimum required $NONE
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828457   C B C B A A A A Closed xxxxxx 2025-01-03 11:31 2025-01-03 14:41 Waived 2 - Non-Material C B Credit Eligibility Loan does not conform to program guidelines Waived--Client exception granted with compensating factors. Waiver applied to non-material finding. LOX in file explaining borrower was ill advised to list property to see what traction they'd get at their list price and does not intend to sell property. - Due Diligence Vendor-01/03/2025
Ready for Review-Document Uploaded.  - Seller-01/03/2025
Open-Subject property was listed for sale within the past 6 months. Loan is not eligible.  - Due Diligence Vendor-01/03/2025
Ready for Review-Document Uploaded.  - Seller-01/03/2025

Waived--Client exception granted with compensating factors. Waiver applied to non-material finding. LOX in file explaining borrower was ill advised to list property to see what traction they'd get at their list price and does not intend to sell property. - Due Diligence Vendor-01/03/2025

Months Reserves exceed minimum required - Qualifying reserves 37 months; minimum required $NONE

Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual $31,008; minimum required $NONE
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828464   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
828477   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
828478   D B D B A A D B Closed xxxxxx 2025-02-11 14:18 2025-02-18 10:34 Resolved 1 - Information D A Credit Missing Doc - Credit Missing EIN Number for Business Entity Resolved-EIN provided, loan closed in xxxxxx - Due Diligence Vendor-02/18/2025
Open-Missing for xxxxxx - Due Diligence Vendor-02/11/2025
  Resolved-EIN provided, loan closed in xxxxxx - Due Diligence Vendor-02/18/2025
Months Reserves exceed minimum required - 94 months reserves; 6 months reserves required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.28
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828478   D B D B A A D B Closed xxxxxx 2025-02-11 14:06 2025-02-18 10:32 Waived 2 - Non-Material C B Property Property Property Type does not meet eligibility requirement(s) Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-04/18/2025
Open-Subject property leases provided are for 1-year terms with three tenants. - Due Diligence Vendor-04/18/2025
  Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-04/18/2025 Months Reserves exceed minimum required - 94 months reserves; 6 months reserves required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.28
Reserves exceed requirement by 10 months or more
DSCR >1.15
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
828478   D B D B A A D B Closed xxxxxx 2025-02-11 11:40 2025-02-18 08:49 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-xxxxxx CU provided. - Due Diligence Vendor-02/18/2025
Open-Additional valuation product has not been provided.  Missing Secondary Valuation or Additional Valuation has not been entered per securitization requirements. - Due Diligence Vendor-02/11/2025
  Resolved-xxxxxx CU provided. - Due Diligence Vendor-02/18/2025
Months Reserves exceed minimum required - 94 months reserves; 6 months reserves required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.28
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828478   D B D B A A D B Closed xxxxxx 2025-02-11 11:40 2025-02-11 14:19 Waived 2 - Non-Material B B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-02/11/2025
Open-Property Issues are identified for the property 1.  Exception to allow the use of the appraised value.

2.  Accessory dwelling unit is being used in the DSCR calculation and proof of 2 months' rent cannot be supplied, proof of 1 month rent and security deposit from most recent lease, requesting allowance - Due Diligence Vendor-02/11/2025
  Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-02/11/2025

Months Reserves exceed minimum required - 94 months reserves; 6 months reserves required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.28
1.  Reserves exceed requirement by 10 months or more

2.  Appraisal261320-2 DSCR DSCR > 1.15
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
828478   D B D B A A D B Closed xxxxxx 2025-02-11 12:01 2025-02-11 14:19 Waived 2 - Non-Material B B Credit Assets Cash Out Does Not Meet Guideline Requirements Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-02/11/2025

Open-Cash Out Does Not Meet Guideline Requirements Cash in had approx. $312,000 max $300,000. Exception in file - Due Diligence Vendor-02/11/2025
  Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-02/11/2025

Months Reserves exceed minimum required - 94 months reserves; 6 months reserves required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.28
1.  Reserves exceed requirement by 10 months or more.
2. DSCR > 1.15.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
828480   D B D A A A B B Closed xxxxxx 2025-01-07 14:58 2025-04-16 10:49 Waived 2 - Non-Material B B Property Property FEMA disaster declared PUBLIC ONLY Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-01/07/2025
Open-xxxxxx Incident Period: xxxxxx
 - Due Diligence Vendor-01/07/2025
  Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-01/07/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 723.

Months Reserves exceed minimum required - Months reserves required is 2; qualifying reserves is 1033.69 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
828480   D B D A A A B B Closed xxxxxx 2025-01-07 11:38 2025-02-10 10:26 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received documentation to support the seller is 100% owner. - Due Diligence Vendor-02/10/2025

Open-Property Title Issue Provide documentation to support seller's representative is an authorized signor AND provide selling LLC members to ensure the borrower has no ownership interest in the entity. Insufficient documentation in loan file to determine if subject is arm's length. - Due Diligence Vendor-01/07/2025
  Resolved-Received documentation to support the seller is 100% owner. - Due Diligence Vendor-02/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 723.

Months Reserves exceed minimum required - Months reserves required is 2; qualifying reserves is 1033.69 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828480   D B D A A A B B Closed xxxxxx 2025-01-07 12:21 2025-02-10 10:26 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Fraud Report. - Due Diligence Vendor-02/10/2025

Open-Missing Third Party Fraud Report Fraud Report missing from loan file. - Due Diligence Vendor-01/07/2025
  Resolved-Received Fraud Report. - Due Diligence Vendor-02/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 723.

Months Reserves exceed minimum required - Months reserves required is 2; qualifying reserves is 1033.69 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828480   D B D A A A B B Closed xxxxxx 2025-01-07 11:26 2025-01-13 11:19 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-Received Business Entity documentation. - Due Diligence Vendor-01/13/2025
Open-The Business Entity Formation Document is Missing Loan vested in LLC missing all required docs.  Entity articles of organization or partnership (or equivalent), Evidence of good standing, Entity documents authorizing the guarantor to execute loan documents on behalf of the entity (e.g., Operating Agreement, Certificate of Authorization), Entity documents that include a list of members/managers and ownership percentage (e.g., organization structure - Due Diligence Vendor-01/07/2025
  Resolved-Received Business Entity documentation. - Due Diligence Vendor-01/13/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 723.

Months Reserves exceed minimum required - Months reserves required is 2; qualifying reserves is 1033.69 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828497   D B D A A A B B Closed xxxxxx 2025-01-07 11:56 2025-04-16 10:50 Waived 2 - Non-Material B B Property Property FEMA disaster declared PUBLIC ONLY Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-01/07/2025
Open-xxxxxx Incident Period: xxxxxx
 - Due Diligence Vendor-01/07/2025
  Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-01/07/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO Is 680; qualifying FICO is 723.

Months Reserves exceed minimum required - Months reserves required is 2; qualifying reserves is 1363.79 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
828497   D B D A A A B B Closed xxxxxx 2025-01-07 11:30 2025-02-10 10:22 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received documentation to support the seller is 100% owner. - Due Diligence Vendor-02/10/2025

Open-Property Title Issue Provide documentation to support seller's representative is an authorized signor AND provide selling LLC members to ensure the borrower has no ownership interest in the entity. Insufficient documentation in loan file to determine if subject is arm's length. - Due Diligence Vendor-01/07/2025
  Resolved-Received documentation to support the seller is 100% owner. - Due Diligence Vendor-02/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO Is 680; qualifying FICO is 723.

Months Reserves exceed minimum required - Months reserves required is 2; qualifying reserves is 1363.79 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828497   D B D A A A B B Closed xxxxxx 2025-01-07 09:12 2025-02-10 10:22 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Fraud Report. - Due Diligence Vendor-02/10/2025

Open-Missing Third Party Fraud Report Fraud Report missing from loan file. - Due Diligence Vendor-01/07/2025
  Resolved-Received Fraud Report. - Due Diligence Vendor-02/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO Is 680; qualifying FICO is 723.

Months Reserves exceed minimum required - Months reserves required is 2; qualifying reserves is 1363.79 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828497   D B D A A A B B Closed xxxxxx 2025-01-07 09:54 2025-01-13 11:25 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-Received Business Entity documentation. - Due Diligence Vendor-01/13/2025
Open-The Business Entity Formation Document is Missing Loan vested in LLC missing all required docs.  Entity articles of organization or partnership (or equivalent), Evidence of good standing, Entity documents authorizing the guarantor to execute loan documents on behalf of the entity (e.g., Operating Agreement, Certificate of Authorization), Entity documents that include a list of members/managers and ownership percentage (e.g., organization structure).     - Due Diligence Vendor-01/07/2025
  Resolved-Received Business Entity documentation. - Due Diligence Vendor-01/13/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO Is 680; qualifying FICO is 723.

Months Reserves exceed minimum required - Months reserves required is 2; qualifying reserves is 1363.79 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828499   D A D A A A A A Closed xxxxxx 2025-01-06 17:09 2025-02-10 10:19 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received documentation to support the seller is 100% owner - Due Diligence Vendor-02/10/2025

Open-Property Title Issue  Provide documentation to support seller's representative is an authorized signor AND provide selling LLC members to ensure the borrower has no ownership interest in the entity. Insufficient documentation in loan file to determine if subject is arm's length. - Due Diligence Vendor-01/06/2025
  Resolved-Received documentation to support the seller is 100% owner - Due Diligence Vendor-02/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 723 is at least 20 points above minimum for program 680.

LTV is less than guideline maximum - LTV 65% is less than guideline maximum 80%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828499   D A D A A A A A Closed xxxxxx 2025-01-06 17:29 2025-02-10 10:17 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-02/10/2025

Open-Missing Third Party Fraud Report - OFAC/ GSA/LDP not checked for Sellers, Brokers, Loan Officers and Real Estate Agents. - Due Diligence Vendor-01/06/2025
  Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-02/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 723 is at least 20 points above minimum for program 680.

LTV is less than guideline maximum - LTV 65% is less than guideline maximum 80%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828499   D A D A A A A A Closed xxxxxx 2025-01-06 17:26 2025-02-10 10:14 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Received RCE - Due Diligence Vendor-02/10/2025
Open-Insufficient Coverage Amount for Insured Subject Property. Insurance binder coverage amount $xxxxxx. . Missing RCE; missing estimated cost to replace the dwelling from an appraisal and loan amount xxxxxx. - Due Diligence Vendor-01/06/2025
  Resolved-Received RCE - Due Diligence Vendor-02/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 723 is at least 20 points above minimum for program 680.

LTV is less than guideline maximum - LTV 65% is less than guideline maximum 80%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828499   D A D A A A A A Closed xxxxxx 2025-01-06 17:08 2025-01-13 11:27 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-Received Business Entity documentation. - Due Diligence Vendor-01/13/2025

Open-The Business Entity Formation Document is Missing - Due Diligence Vendor-01/06/2025
  Resolved-Received Business Entity documentation. - Due Diligence Vendor-01/13/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 723 is at least 20 points above minimum for program 680.

LTV is less than guideline maximum - LTV 65% is less than guideline maximum 80%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828501   D A D A A A A A Closed xxxxxx 2025-01-06 15:17 2025-02-11 10:50 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-Received Business Entity Formation Documentation. - Due Diligence Vendor-02/11/2025

Open-The Business Entity Formation Document is Missing. COGS - Due Diligence Vendor-01/06/2025
  Resolved-Received Business Entity Formation Documentation. - Due Diligence Vendor-02/11/2025

LTV is less than guideline maximum - LTV 64.98% is less than guideline maximum 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 723 is at least 20 points above minimum for program 640.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828501   D A D A A A A A Closed xxxxxx 2025-01-06 16:01 2025-02-11 10:49 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received Operating Agreement. - Due Diligence Vendor-02/11/2025

Open-Property Title Issue Provide documentation to support seller's representative is an authorized signor AND provide selling LLC members to ensure the borrower has no ownership interest in the entity.   Insufficient documentation in loan file to determine if subject is arm's length. - Due Diligence Vendor-01/06/2025
  Resolved-Received Operating Agreement. - Due Diligence Vendor-02/11/2025

LTV is less than guideline maximum - LTV 64.98% is less than guideline maximum 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 723 is at least 20 points above minimum for program 640.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828501   D A D A A A A A Closed xxxxxx 2025-01-06 15:34 2025-02-11 10:48 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Fraud Report. - Due Diligence Vendor-02/11/2025

Open-Missing Third Party Fraud Report - Due Diligence Vendor-01/06/2025
  Resolved-Received Fraud Report. - Due Diligence Vendor-02/11/2025

LTV is less than guideline maximum - LTV 64.98% is less than guideline maximum 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 723 is at least 20 points above minimum for program 640.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828504   D B D A A A B B Closed xxxxxx 2025-01-07 07:39 2025-04-16 10:50 Waived 2 - Non-Material B B Property Property FEMA disaster declared PUBLIC ONLY Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-01/07/2025
Open- xxxxxx Incident Period: xxxxxx-Public Only - Due Diligence Vendor-01/07/2025
  Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-01/07/2025

LTV is less than guideline maximum - Max LTV 80% / Subject LTV 65%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 723
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
828504   D B D A A A B B Closed xxxxxx 2025-01-07 06:58 2025-02-12 16:31 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Missing Resolved-Received Business Entity Formation Documentation. - Due Diligence Vendor-02/11/2025

Open-The Business Entity Formation Document is Missing Loan vested in LLC missing all required docs. Entity articles of organization or partnership (or equivalent), Evidence of good standing, Entity documents authorizing the guarantor to execute loan documents on behalf of the entity (e.g., Operating Agreement, Certificate of Authorization), Entity documents that include a list of members/managers and ownership percentage (e.g., organization structure). - Due Diligence Vendor-01/07/2025
  Resolved-Received Business Entity Formation Documentation. - Due Diligence Vendor-02/11/2025

LTV is less than guideline maximum - Max LTV 80% / Subject LTV 65%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 723
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828504   D B D A A A B B Closed xxxxxx 2025-01-07 11:17 2025-02-11 10:42 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received Operating Agreement. - Due Diligence Vendor-02/11/2025

Open-Property Title Issue Property Title Issue Provide documentation to support seller's representative is an authorized signor AND provide selling LLC members to ensure the borrower has no ownership interest in the entity. Insufficient documentation in loan file to determine if subject is arm's length. - Due Diligence Vendor-01/07/2025
  Resolved-Received Operating Agreement. - Due Diligence Vendor-02/11/2025

LTV is less than guideline maximum - Max LTV 80% / Subject LTV 65%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 723
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828504   D B D A A A B B Closed xxxxxx 2025-01-07 07:31 2025-02-11 10:39 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Fraud Report. - Due Diligence Vendor-02/11/2025

Open-Missing Third Party Fraud Report - Due Diligence Vendor-01/07/2025
  Resolved-Received Fraud Report. - Due Diligence Vendor-02/11/2025

LTV is less than guideline maximum - Max LTV 80% / Subject LTV 65%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 723
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828519   C B C B A A A A Closed xxxxxx 2025-01-29 16:09 2025-01-29 16:14 Waived 2 - Non-Material C B Credit Eligibility Condo does not meet requirements Waived-Client exception granted and in file, waiver applied with comp factors.
 - Due Diligence Vendor-01/29/2025
Open-One entity owns 33% of units exceeds 20% max - Due Diligence Vendor-01/29/2025
  Waived-Client exception granted and in file, waiver applied with comp factors.
 - Due Diligence Vendor-01/29/2025

On time mortgage history exceeds guideline requirement - 0x30x50

Qualifying FICO score is at least 20 points above minimum for program - FICO 720 is higher than the 700 minimum required 
LTV/CLTV - LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Employment- Employed at same job > 5 years
Home Ownership - Current primary home ownership > 2 years
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828560   C A A A C A A A Closed xxxxxx 2025-01-28 10:58 2025-02-05 09:05 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Received COC xxxxxx. Finding resolved. - Due Diligence Vendor-02/05/2025
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 $5,987.80.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). - Due Diligence Vendor-01/28/2025
  Resolved-Received COC xxxxxx. Finding resolved. - Due Diligence Vendor-02/05/2025
On time mortgage history exceeds guideline requirement - 11+ years on time

Qualifying DTI below maximum allowed - Maximum DTI is 50%, subject loan is 43.72%
  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
828572   D B C B D A D A Closed xxxxxx 2025-01-08 11:33 2025-04-16 13:12 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Client provided an Exception, for loan less than the minimum required of 75kn  applied to non material finding with comp factors - Due Diligence Vendor-01/24/2025
Ready for Review-The request for an exception to Verus's eligibility criteria is granted.- Buyer-01/23/2025
Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $75000 Current loan Note is for xxxxxx which is less than the required $75K - Due Diligence Vendor-01/08/2025
  Waived-Client provided an Exception, for loan less than the minimum required of 75kn  applied to non material finding with comp factors - Due Diligence Vendor-01/24/2025

CLTV is less than guidelines maximum - CLTV 62.14% is lower than maximum 85%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 730 is higher than the required 680.
Credit Score 30+ points > minimum required
Subject property home ownership > 5 years
QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828572   D B C B D A D A Closed xxxxxx 2025-01-03 15:44 2025-04-16 08:15 Resolved 1 - Information D A Compliance Missing Doc Escrow Waiver is Missing Resolved-Received PCCD with escrow account explanation. - Due Diligence Vendor-04/16/2025

Open-Escrow Waiver is Missing Final CD, page 4 is missing reason for no escrow account established, either declined or lender does not offer one box is not checked. - Due Diligence Vendor-01/03/2025
  Resolved-Received PCCD with escrow account explanation. - Due Diligence Vendor-04/16/2025

CLTV is less than guidelines maximum - CLTV 62.14% is lower than maximum 85%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 730 is higher than the required 680.
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
828572   D B C B D A D A Closed xxxxxx 2025-01-03 13:59 2025-01-20 10:18 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Received COC xxxxxx - Due Diligence Vendor-01/20/2025
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 $291.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $291.00 (Origination Fee ) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $291.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx. - Due Diligence Vendor-01/03/2025
  Resolved-Received COC xxxxxx - Due Diligence Vendor-01/20/2025
CLTV is less than guidelines maximum - CLTV 62.14% is lower than maximum 85%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 730 is higher than the required 680.
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
828572   D B C B D A D A Closed xxxxxx 2025-01-08 10:32 2025-01-20 09:54 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Received CDA valuation product. - Due Diligence Vendor-01/20/2025

Open-Additional valuation product has not been provided.  Missing guideline required secondary review product. - Due Diligence Vendor-01/08/2025
  Resolved-Received CDA valuation product. - Due Diligence Vendor-01/20/2025

CLTV is less than guidelines maximum - CLTV 62.14% is lower than maximum 85%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 730 is higher than the required 680.
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
828572   D B C B D A D A Closed xxxxxx 2025-01-08 12:14 2025-01-20 09:48 Resolved 1 - Information C A Credit Eligibility Missing First Mtg Note Resolved-Received copy of the first lien Note. - Due Diligence Vendor-01/20/2025

Open-Missing a copy of first lien Note. - Due Diligence Vendor-01/08/2025
  Resolved-Received copy of the first lien Note. - Due Diligence Vendor-01/20/2025

CLTV is less than guidelines maximum - CLTV 62.14% is lower than maximum 85%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 730 is higher than the required 680.
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
828650   B B B B A A A A Closed xxxxxx 2025-02-06 14:48 2025-02-06 14:51 Waived 2 - Non-Material B B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Client exception granted and in file, waiver applied with comp factors. Studio style units are not uncommon for the area and comparables used are similar to subject. - Due Diligence Vendor-04/30/2025 - Due Diligence Vendor-04/30/2025
Open-Property Issues are identified for the property Exception Approved: Property does not meet guides as the subject unit does not have a separate bedroom and fully functioning kitchen, and investor concentration exceeding 60%. - Due Diligence Vendor-02/06/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Studio style units are not uncommon for the area and comparables used are similar to subject. - Due Diligence Vendor-04/30/2025 - Due Diligence Vendor-04/30/2025
LTV is less than guideline maximum - LTV/CLTV 5% below required 80% LTV


Months Reserves exceed minimum required - Reserves Exceed requirement by 6 months or more 
-Credit Score 30+ points > minimum required
-Reserves Reserves exceed requirement by 6 months or more
-LTV/CLTV LTV/CLTV 5% or more below the maximum allowed under applicable guidelines
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
828676   D A C A A A D A Closed xxxxxx 2025-02-04 13:36 2025-02-11 10:28 Resolved 1 - Information C A Credit Assets Asset 3 Does Not Meet Guideline Requirements Resolved-Received Source Document. - Due Diligence Vendor-02/11/2025

Open-Asset Record 3 Does Not Meet G/L Requirements No sourcing docs on file  - Due Diligence Vendor-02/04/2025
  Resolved-Received Source Document. - Due Diligence Vendor-02/11/2025

Months Reserves exceed minimum required -  16 mths reserves; 6 mths required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.2
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828676   D A C A A A D A Closed xxxxxx 2025-02-04 13:36 2025-02-11 10:28 Resolved 1 - Information C A Credit Assets Asset 4 Does Not Meet Guideline Requirements Resolved-Received Source Document. - Due Diligence Vendor-02/11/2025

Open-Asset 4 Does Not Meet Guideline Requirements No sourcing docs on file  - Due Diligence Vendor-02/04/2025
  Resolved-Received Source Document. - Due Diligence Vendor-02/11/2025

Months Reserves exceed minimum required -  16 mths reserves; 6 mths required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.2
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828676   D A C A A A D A Closed xxxxxx 2025-02-04 08:02 2025-02-06 10:35 Resolved 1 - Information D A Property Missing Doc Appraisal is Missing Resolved-Received the Appraisal. - Due Diligence Vendor-02/06/2025

Open-Appraisal is Missing Missing Appraisal  - Due Diligence Vendor-02/04/2025
  Resolved-Received the Appraisal. - Due Diligence Vendor-02/06/2025

Months Reserves exceed minimum required -  16 mths reserves; 6 mths required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.2
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828676   D A C A A A D A Closed xxxxxx 2025-02-04 09:40 2025-02-06 10:31 Resolved 1 - Information C A Credit Eligibility Calculated DSCR does not meet the Minimum DSCR allowed Resolved-Received 1007. - Due Diligence Vendor-02/06/2025
Open-The Calculated DSCR of '0' is less than the minimum DSCR per lender guidelines of '1'. UTD, Missing Appraisal, 1007, lease etc  - Due Diligence Vendor-02/04/2025
  Resolved-Received 1007. - Due Diligence Vendor-02/06/2025

Months Reserves exceed minimum required -  16 mths reserves; 6 mths required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.2
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828679   B B A A B B A A Closed xxxxxx 2025-02-06 09:58 2025-02-06 09:58 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-02/06/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-02/06/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 741 is higher than the minimum required score of 680

Qualifying DTI below maximum allowed - DTI of 34.42% is less than the maximum allowed per guidelines of 50%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828717   D B D B A A A A Closed xxxxxx 2025-02-05 10:33 2025-02-10 10:10 Resolved 1 - Information C A Credit Eligibility Fraud Report Shows Uncleared Alerts Resolved-Received Fraud Report results with alerts cleared. - Due Diligence Vendor-02/10/2025

Open-*New* Fraud Report Shows Uncleared Alerts - Due Diligence Vendor-02/05/2025
  Resolved-Received Fraud Report results with alerts cleared. - Due Diligence Vendor-02/10/2025

Long term residence - Borrower at primary residence >12 years.


LTV is less than guideline maximum - Max LTV 75%/ Subject LTV 60.86%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828717   D B D B A A A A Closed xxxxxx 2025-01-30 11:20 2025-02-10 10:09 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Fraud Report. - Due Diligence Vendor-02/05/2025

Open-Missing Third Party Fraud Report, additional findings may apply. - Due Diligence Vendor-01/30/2025
  Resolved-Received Fraud Report. - Due Diligence Vendor-02/05/2025

Long term residence - Borrower at primary residence >12 years.


LTV is less than guideline maximum - Max LTV 75%/ Subject LTV 60.86%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828717   D B D B A A A A Closed xxxxxx 2025-01-30 11:13 2025-02-05 10:30 Resolved 1 - Information D A Credit Missing Doc Flood Certificate Missing Resolved-Received Flood Cert. - Due Diligence Vendor-02/04/2025

Open-Missing Flood Certificate, additional findings may apply. - Due Diligence Vendor-01/30/2025
  Resolved-Received Flood Cert. - Due Diligence Vendor-02/04/2025

Long term residence - Borrower at primary residence >12 years.


LTV is less than guideline maximum - Max LTV 75%/ Subject LTV 60.86%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828717   D B D B A A A A Closed xxxxxx 2025-01-30 11:13 2025-02-05 10:30 Resolved 1 - Information D A Credit Missing Doc Condo Master Insurance Policy is Missing Resolved-Received Master Policy. - Due Diligence Vendor-02/05/2025

Open-Missing Condo Master Insurance Policy, additional findings may apply. - Due Diligence Vendor-01/30/2025
  Resolved-Received Master Policy. - Due Diligence Vendor-02/05/2025

Long term residence - Borrower at primary residence >12 years.


LTV is less than guideline maximum - Max LTV 75%/ Subject LTV 60.86%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828717   D B D B A A A A Closed xxxxxx 2025-01-30 13:57 2025-01-30 14:20 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived--Project xxxxxx do not have impact to subject unit or building within the project. Client exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-04/18/2025
Open-Property Issues are identified for the property -Project is currently in the process of xxxxxx. Client exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-04/18/2025
  Waived--Project xxxxxx do not have impact to subject unit or building within the project. Client exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-04/18/2025 Long term residence - Borrower at primary residence >12 years.


LTV is less than guideline maximum - Max LTV 75%/ Subject LTV 60.86%
0x30 for 24 mo's on all mortgages.
Current primary home ownership > 10 years. 
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
828717   D B D B A A A A Closed xxxxxx 2025-01-30 13:55 2025-01-30 14:19 Waived 2 - Non-Material C B Credit Eligibility Calculated DSCR does not meet the Minimum DSCR allowed Waived-The Calculated DSCR of '1.016' is less than the minimum DSCR per lender guidelines of '1.25'. Min DSCR is 1.25 with loan amount < $150,000.
Client exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-01/30/2025
Open-The Calculated DSCR of '1.016' is less than the minimum DSCR per lender guidelines of '1.25'. Min DSCR is 1.25 with loan amount < $150,000.
Client exception granted and in file. Waiver applied with comp factors.  - Due Diligence Vendor-01/30/2025
  Waived-The Calculated DSCR of '1.016' is less than the minimum DSCR per lender guidelines of '1.25'. Min DSCR is 1.25 with loan amount < $150,000.
Client exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-01/30/2025

Long term residence - Borrower at primary residence >12 years.


LTV is less than guideline maximum - Max LTV 75%/ Subject LTV 60.86%
0x30 for 24 mo's on all mortgages.
Current primary home ownership > 10 years. 
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
828736   B A B A A A A A Closed xxxxxx 2025-02-24 15:45 2025-02-28 10:07 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-Received 1008. - Due Diligence Vendor-02/28/2025

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-02/24/2025
  Resolved-Received 1008. - Due Diligence Vendor-02/28/2025

DSCR % greater than 1.20 - DSCR is 1.657.

Months Reserves exceed minimum required - 110 months reserves; 2 months reserves required. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828747   D A D A A A A A Closed xxxxxx 2025-03-04 15:16 2025-03-14 10:48 Resolved 1 - Information C A Credit Eligibility Foreign National but ACH form is not in file Resolved-Received documentation to support bank account number and the ABA number. - Due Diligence Vendor-03/14/2025
Open-Foreign National but the ACH form is Missing from file.  ACH form in file missing A VOIDED CHECK OR A LETTER ON BANK LETTERHEAD INDICATING YOUR BANK
ACCOUNT NUMBER AND BANK'S ABA NUMBER.
 - Due Diligence Vendor-03/04/2025
  Resolved-Received documentation to support bank account number and the ABA number. - Due Diligence Vendor-03/14/2025

LTV is less than guideline maximum - Maximum LTV is 75%. Actual CLTV 64.08%

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR required is 0.75 and calculated DSCR 1.019. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828747   D A D A A A A A Closed xxxxxx 2025-03-04 15:23 2025-03-12 10:11 Resolved 1 - Information D A Credit Missing Doc Missing Lease Agreement Resolved-Received lease agreement. - Due Diligence Vendor-03/12/2025

Open-Missing lease agreement for DSCR refinance transaction. (1007 indicates lease for unknown time frame.) additional findings may apply as only 75% of Market rent is allowed on Unleased properties. (100% market rents used to qualify) - Due Diligence Vendor-03/04/2025
  Resolved-Received lease agreement. - Due Diligence Vendor-03/12/2025

LTV is less than guideline maximum - Maximum LTV is 75%. Actual CLTV 64.08%

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR required is 0.75 and calculated DSCR 1.019. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828777   D A D A A A A A Closed xxxxxx 2025-03-07 11:28 2025-03-10 10:46 Resolved 1 - Information C A Credit Eligibility Fraud Report Shows Uncleared Alerts Resolved-Social security verification received. - Due Diligence Vendor-03/10/2025

Ready for Review-Document Uploaded.  - Seller-03/07/2025

Open-Fraud Report Shows Uncleared Alerts Documentation not provided to clear SSN alert for B1. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/07/2025

Resolved-Social security verification received. - Due Diligence Vendor-03/10/2025

LTV is less than guideline maximum - Guidelines allow LTV to 70%.  Subject loan LTV is 60%.

Months Reserves exceed minimum required - Guidelines require 2 months of reserves.  Qualifying reserves are 42 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828777   D A D A A A A A Closed xxxxxx 2025-03-07 11:26 2025-03-10 10:43 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-The payoff confirms both the November and December payments were made, with no late fees listed. - Due Diligence Vendor-03/10/2025

Open-Housing History Does Not Meet Guideline Requirements-  Missing 12 month mortgage history for both subject AND primary residence.  - Due Diligence Vendor-03/07/2025
  Resolved-The payoff confirms both the November and December payments were made, with no late fees listed. - Due Diligence Vendor-03/10/2025

LTV is less than guideline maximum - Guidelines allow LTV to 70%.  Subject loan LTV is 60%.

Months Reserves exceed minimum required - Guidelines require 2 months of reserves.  Qualifying reserves are 42 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828777   D A D A A A A A Closed xxxxxx 2025-03-07 11:23 2025-03-10 10:43 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Missing Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/10/2025

Ready for Review-Document Uploaded.  - Seller-03/07/2025

Open-Missing Hazard Insurance Policy Missing HOI policy for subject property.  - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/07/2025

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/10/2025

LTV is less than guideline maximum - Guidelines allow LTV to 70%.  Subject loan LTV is 60%.

Months Reserves exceed minimum required - Guidelines require 2 months of reserves.  Qualifying reserves are 42 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828777   D A D A A A A A Closed xxxxxx 2025-03-07 11:26 2025-03-10 10:40 Resolved 1 - Information C A Credit Eligibility Missing First Mtg Note Resolved-The pay history confirms the term is a 10 year fixed and not a balloon. - Due Diligence Vendor-03/10/2025

Open-Mortgage being paid off is not reporting on credit per guides Copy of Note with terms of the loan required:  Notes with a balloon feature with an expired maturity date exceeding 30 days require an extension to avoid being counted as delinquent. - Due Diligence Vendor-03/07/2025
  Resolved-The pay history confirms the term is a 10 year fixed and not a balloon. - Due Diligence Vendor-03/10/2025

LTV is less than guideline maximum - Guidelines allow LTV to 70%.  Subject loan LTV is 60%.

Months Reserves exceed minimum required - Guidelines require 2 months of reserves.  Qualifying reserves are 42 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828777   D A D A A A A A Closed xxxxxx 2025-03-07 11:27 2025-03-10 10:39 Resolved 1 - Information C A Credit Debt No evidence of required debt payoff Resolved-Loan payoff provided. - Due Diligence Vendor-03/10/2025

Ready for Review-Document Uploaded.  - Seller-03/07/2025

Open-Missing payoff from lender to confirm payoff for subject property, late fees, deferred balance, or delinquent interest are subject to housing history and/or credit event criteria. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/07/2025

Resolved-Loan payoff provided. - Due Diligence Vendor-03/10/2025

LTV is less than guideline maximum - Guidelines allow LTV to 70%.  Subject loan LTV is 60%.

Months Reserves exceed minimum required - Guidelines require 2 months of reserves.  Qualifying reserves are 42 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828781   C A C A A A A A Closed xxxxxx 2025-03-07 10:26 2025-03-10 10:36 Resolved 1 - Information C A Credit Eligibility Missing First Mtg Note Resolved-The pay history confirms the term is a 10 year fixed and not a balloon. - Due Diligence Vendor-03/10/2025

Open-Mortgage being paid off is not reporting on credit per guides Copy of Note with terms of the loan required:  Notes with a balloon feature with an expired maturity date exceeding 30 days require an extension to avoid being counted as delinquent. - Due Diligence Vendor-03/07/2025
  Resolved-The pay history confirms the term is a 10 year fixed and not a balloon. - Due Diligence Vendor-03/10/2025

LTV is less than guideline maximum - LTV 60%; max permitted 70%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 736, minimum score 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828781   C A C A A A A A Closed xxxxxx 2025-03-07 10:40 2025-03-10 10:35 Resolved 1 - Information C A Credit Eligibility Fraud Report Shows Uncleared Alerts Resolved-Social security verification provided. - Due Diligence Vendor-03/10/2025

Ready for Review-Document Uploaded.  - Seller-03/07/2025

Open-Fraud Report Shows Uncleared Alerts Documentation not provided to clear SSN alert for B1. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/07/2025

Resolved-Social security verification provided. - Due Diligence Vendor-03/10/2025

LTV is less than guideline maximum - LTV 60%; max permitted 70%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 736, minimum score 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828781   C A C A A A A A Closed xxxxxx 2025-03-07 10:26 2025-03-10 10:34 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-The payoff confirms both the November and December payments were made, with no late fees listed. - Due Diligence Vendor-03/10/2025
Open-Housing History Does Not Meet Guideline Requirements-12 month housing history is required for subject property.  Pay history provided shows last payment made xxxxxx.  Loan closed xxxxxx.  Missing 11/2024 and 12/2024 verification of payment being made. - Due Diligence Vendor-03/07/2025
  Resolved-The payoff confirms both the November and December payments were made, with no late fees listed. - Due Diligence Vendor-03/10/2025

LTV is less than guideline maximum - LTV 60%; max permitted 70%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 736, minimum score 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828782   C A C A A A A A Closed xxxxxx 2025-03-06 10:11 2025-03-10 09:13 Resolved 1 - Information C A Credit Eligibility Missing First Mtg Note Resolved-The pay history confirms the term is a 10 year fixed and not a balloon. - Due Diligence Vendor-03/10/2025
Open-Mortgage being paid off is not reporting on credit per guides Copy of Note with terms of the loan required:  Notes with a balloon feature with an expired maturity date exceeding 30 days require an extension to avoid being counted as delinquent. - Due Diligence Vendor-03/06/2025
  Resolved-The pay history confirms the term is a 10 year fixed and not a balloon. - Due Diligence Vendor-03/10/2025

Months Reserves exceed minimum required - 40.75 months PITIA reserves; 2 months reserves required.

LTV is less than guideline maximum - LTV 60% ; max is 70%.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828782   C A C A A A A A Closed xxxxxx 2025-03-06 08:41 2025-03-10 09:12 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-The payoff confirms both the November and December payments were made, with no late fees listed. - Due Diligence Vendor-03/10/2025
Open-Housing History Does Not Meet Guideline Requirements 12 month housing history is required for subject property.  Pay history provided shows last payment made xxxxxx.  Loan closed xxxxxx.  Missing 11/2024 and 12/2024 verification of payment being made.  - Due Diligence Vendor-03/06/2025
  Resolved-The payoff confirms both the November and December payments were made, with no late fees listed. - Due Diligence Vendor-03/10/2025

Months Reserves exceed minimum required - 40.75 months PITIA reserves; 2 months reserves required.

LTV is less than guideline maximum - LTV 60% ; max is 70%.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
828841   C B C B B B A A Closed xxxxxx 2025-02-07 11:03 2025-02-10 10:45 Waived 2 - Non-Material C B Credit Eligibility Neighborhood Location Not Allowed for Program Waived-Primary Value Valuation Neighborhood Location Not Allowed for Program Subject is xxxxxx and is not eligible.
Client exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-02/10/2025
Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Subject is xxxxxx and is not eligible.
Client exception granted and in file. Waiver applied with comp factors.  - Due Diligence Vendor-02/07/2025
  Waived-Primary Value Valuation Neighborhood Location Not Allowed for Program Subject is xxxxxx and is not eligible.
Client exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-02/10/2025
Qualifying DTI below maximum allowed - Qualifying DTI 22.75%; max 50%

CLTV is less than guidelines maximum - Qualifying CLTV 73.23%; max 85%
- Total Debt reduced by > $500/m
- 0x30x24 all mortgages
QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828841   C B C B B B A A Closed xxxxxx 2025-02-06 13:00 2025-02-06 13:00 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-02/06/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-02/06/2025

Qualifying DTI below maximum allowed - Qualifying DTI 22.75%; max 50%

CLTV is less than guidelines maximum - Qualifying CLTV 73.23%; max 85%
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828873   C B C B C A A A Closed xxxxxx 2025-03-12 09:54 2025-03-12 10:16 Waived 2 - Non-Material C B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Client exception granted, waiver applied with comp factors.  Deemed non-material due to approved exception and comp factors - Due Diligence Vendor-03/12/2025

Open-Housing History Does Not Meet Guideline Requirements EXCEPTION in file - 1x30x12 mtg late Feb 2024 vs guideline 0x30x12 mortgage lates
 - Due Diligence Vendor-03/12/2025
  Waived-Client exception granted, waiver applied with comp factors.  Deemed non-material due to approved exception and comp factors - Due Diligence Vendor-03/12/2025

LTV is less than guideline maximum - QUALIFYING LTV 41.55, GUIDELINE MAX 80%.

Qualifying DTI below maximum allowed - o Qualifying DTI 22%; max allowable 50%.
-LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
-DTI <= 36% which is below requirement in guidelines
-Credit Score 30+ points > minimum required
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
828874   D B D A B B A A Closed xxxxxx 2025-02-11 16:19 2025-02-18 10:43 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-Received Final Title. - Due Diligence Vendor-02/18/2025

Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Missing Title coverage amount - Due Diligence Vendor-02/11/2025
  Resolved-Received Final Title. - Due Diligence Vendor-02/18/2025

Months Reserves exceed minimum required - 74mos reserves. Per guides, 6 reserves required.

CLTV is less than guidelines maximum - Borr CLTV 61.7%. Per guides, maximum CLTV 90%.

Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 811. Per guides, minimum score required 660.
  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
828874   D B D A B B A A Closed xxxxxx 2025-02-11 17:15 2025-02-18 10:41 Resolved 1 - Information D A Credit Missing Doc Purchase Contract is Missing Resolved-Received purchase contract. - Due Diligence Vendor-02/18/2025

Open-Loan Purpose is Purchase but Purchase Contract is Missing. Missing Purchase Contract. - Due Diligence Vendor-02/11/2025
  Resolved-Received purchase contract. - Due Diligence Vendor-02/18/2025

Months Reserves exceed minimum required - 74mos reserves. Per guides, 6 reserves required.

CLTV is less than guidelines maximum - Borr CLTV 61.7%. Per guides, maximum CLTV 90%.

Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 811. Per guides, minimum score required 660.
  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
828874   D B D A B B A A Closed xxxxxx 2025-02-10 18:00 2025-02-11 07:12 Waived 2 - Non-Material B B Compliance Missing Doc Home Loan Toolkit is Missing Waived-The Home Loan Toolkit disclosure is missing. -----Client waiver applied to non-material Findings. - Due Diligence Vendor-02/11/2025   Waived-The Home Loan Toolkit disclosure is missing. -----Client waiver applied to non-material Findings. - Due Diligence Vendor-02/11/2025

Months Reserves exceed minimum required - 74mos reserves. Per guides, 6 reserves required.

CLTV is less than guidelines maximum - Borr CLTV 61.7%. Per guides, maximum CLTV 90%.

Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 811. Per guides, minimum score required 660.
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
828875   C A C A C A A A Closed xxxxxx 2025-02-03 17:14 2025-02-07 12:36 Resolved 1 - Information C A Credit Eligibility Missing First Mtg Note Resolved-Title and the legal description confirms the address on the prior Note xxxxxx and the address on the new Note xxxxxx are the same property. - Due Diligence Vendor-02/07/2025
Open-Note and mortgage statement in file show a property address that does not match the subject address. If this is additional REO then it must be documented and added to DTI. - Due Diligence Vendor-02/03/2025
  Resolved-Title and the legal description confirms the address on the prior Note xxxxxx and the address on the new Note xxxxxx are the same property. - Due Diligence Vendor-02/07/2025
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers credit score is 741 > 720 required.

Verified employment history exceeds guidelines - The Borrower has been Self Employed for 6 years.
  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
828875   C A C A C A A A Closed xxxxxx 2025-01-31 07:58 2025-02-07 11:25 Resolved 1 - Information C A Compliance TRID Initial Closing Disclosure Delivery Date Test Resolved-Received executed CD xxxxxx, finding resolved. - Due Diligence Vendor-02/07/2025
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. There is no proof in file that borrower received LE xxxxxx, LE xxxxxx, or Initial CD xxxxxx. - Due Diligence Vendor-01/31/2025
  Resolved-Received executed CD xxxxxx, finding resolved. - Due Diligence Vendor-02/07/2025
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers credit score is 741 > 720 required.

Verified employment history exceeds guidelines - The Borrower has been Self Employed for 6 years.
  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
828875   C A C A C A A A Closed xxxxxx 2025-01-30 16:00 2025-02-03 17:17 Resolved 1 - Information B A Compliance State Reg NY Subprime Loan Test Resolved------ Compliant NY Subprime- APR on subject loan of 9.227% is within allowable threshold of APOR of 6.89% + 3.75% or 10.64%.   
 - Due Diligence Vendor-02/03/2025

Open-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR
 - Due Diligence Vendor-01/30/2025
  Resolved------ Compliant NY Subprime- APR on subject loan of 9.227% is within allowable threshold of APOR of 6.89% + 3.75% or 10.64%.   
 - Due Diligence Vendor-02/03/2025

Qualifying FICO score is at least 20 points above minimum for program - The Borrowers credit score is 741 > 720 required.

Verified employment history exceeds guidelines - The Borrower has been Self Employed for 6 years.
  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
828920   D A D A A A C A Closed xxxxxx 2025-01-21 15:37 2025-02-07 11:31 Resolved 1 - Information C A Property Property FEMA disaster declared INDIVIDUAL Resolved-Received 1004D with an inspection date of xxxxxx.  No Damage - Due Diligence Vendor-02/07/2025
Open-FEMA xxxxxx: Incident Period: xxxxxx and continuing. Major Disaster Declaration on xxxxxx. Individual Assistance. Appraisal completed xxxxxx. Post Disaster inspection Required. - Due Diligence Vendor-01/21/2025
  Resolved-Received 1004D with an inspection date of xxxxxx.  No Damage - Due Diligence Vendor-02/07/2025
LTV is less than guideline maximum - 59% vs. 65% max

Months Reserves exceed minimum required - 115 months available vs. 6 required
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828920   D A D A A A C A Closed xxxxxx 2025-01-31 10:00 2025-01-31 10:46 Resolved 1 - Information C A Credit Eligibility Loan does not conform to program guidelines Resolved-Borrower is a Foreign National. (first time investors allowed) - Due Diligence Vendor-01/31/2025

Open-"New" First time investors are not eligible. Borrower must have a history of owning and managing commercial or nonowner occupied residential real estate for at least 1 year in the last 3 years. Borrower is renting primary residence and has not owned any investment properties for at least one year in the past 3 years. - Due Diligence Vendor-01/31/2025
  Resolved-Borrower is a Foreign National. (first time investors allowed) - Due Diligence Vendor-01/31/2025

LTV is less than guideline maximum - 59% vs. 65% max

Months Reserves exceed minimum required - 115 months available vs. 6 required
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828920   D A D A A A C A Closed xxxxxx 2025-01-21 16:01 2025-01-31 09:15 Resolved 1 - Information D A Credit Missing Doc Condo Master Insurance Policy is Missing Resolved-Received Condo Master Insurance Policy. Coverage includes "Walls In" and Tenants Improvements and Betterments. - Due Diligence Vendor-01/31/2025

Open-Missing Condo Master Insurance Policy - Due Diligence Vendor-01/21/2025
  Resolved-Received Condo Master Insurance Policy. Coverage includes "Walls In" and Tenants Improvements and Betterments. - Due Diligence Vendor-01/31/2025

LTV is less than guideline maximum - 59% vs. 65% max

Months Reserves exceed minimum required - 115 months available vs. 6 required
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
828921   C A A A C A C A Closed xxxxxx 2025-01-22 07:36 2025-02-12 10:55 Resolved 1 - Information C A Property Property FEMA disaster declared INDIVIDUAL Resolved-Received the Disaster Area Inspection. Free and clear of any damage from the xxxxxx. - Due Diligence Vendor-02/12/2025
Ready for Review-Document Uploaded. PDI. - Seller-02/10/2025
Open-xxxxxx incident Period: xxxxxx and continuing Individual Assistance xxxxxx (County) - Due Diligence Vendor-01/22/2025
Ready for Review-Document Uploaded. PDI. - Seller-02/10/2025

Resolved-Received the Disaster Area Inspection. Free and clear of any damage from the xxxxxx. - Due Diligence Vendor-02/12/2025
Qualifying DTI below maximum allowed - DTI 23.59% is lower than allowable 50%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 802 is higher than the required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
828921   C A A A C A C A Closed xxxxxx 2025-01-21 10:39 2025-02-07 11:32 Resolved 1 - Information C A Compliance Right to Rescind TILA Right of Rescission Test Resolved-Received PCCD xxxxxx, disbursement date xxxxxx. Finding resolved. - Due Diligence Vendor-02/07/2025
Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Provide PCCD with disbursement date after the ROR expiration date
 - Due Diligence Vendor-01/21/2025
  Resolved-Received PCCD xxxxxx, disbursement date xxxxxx. Finding resolved. - Due Diligence Vendor-02/07/2025
Qualifying DTI below maximum allowed - DTI 23.59% is lower than allowable 50%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 802 is higher than the required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
828921   C A A A C A C A Closed xxxxxx 2025-01-21 10:39 2025-02-03 11:11 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/03/2025
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 $120.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $120.00 (Loan Origination Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $120.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-01/21/2025
  Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/03/2025

Qualifying DTI below maximum allowed - DTI 23.59% is lower than allowable 50%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 802 is higher than the required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
828921   C A A A C A C A Closed xxxxxx 2025-01-21 11:54 2025-02-03 11:11 Resolved 1 - Information C A Compliance Points & Fees TILA Finance Charge Test Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/03/2025

Open-This loan failed the TILA finance charge test.( 12 CFR §1026.38(o)(2) )The finance charge is $618,354.19. The disclosed finance charge of $616,354.19 is not considered accurate because it is understated by more than $100. - Due Diligence Vendor-01/21/2025
  Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/03/2025

Qualifying DTI below maximum allowed - DTI 23.59% is lower than allowable 50%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 802 is higher than the required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
828921   C A A A C A C A Closed xxxxxx 2025-01-21 11:54 2025-02-03 11:11 Resolved 1 - Information C A Compliance Points & Fees TILA Foreclosure Rescission Finance Charge Test Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/03/2025

Open-This loan failed the TILA foreclosure rescission finance charge test. ( 12 CFR §1026.23(h) , transferred from  12 CFR §226.23(h) )The finance charge is $618,354.19. The disclosed finance charge of $616,354.19 is not considered accurate for purposes of rescission because it is understated by more than $35. - Due Diligence Vendor-01/21/2025
  Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/03/2025

Qualifying DTI below maximum allowed - DTI 23.59% is lower than allowable 50%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 802 is higher than the required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829022   D A D A A A A A Closed xxxxxx 2025-02-04 13:37 2025-02-04 16:23 Resolved 1 - Information D A Credit Missing Doc Missing Verification of Mortgage Resolved-mortgage statement provided. - Due Diligence Vendor-02/04/2025

Ready for Review-Document Uploaded.  - Seller-02/04/2025

Open-Missing Verification of Mortgage. Missing statement for subject property first mortgage to determine if property is escrowed or not. - Due Diligence Vendor-02/04/2025
Ready for Review-Document Uploaded.  - Seller-02/04/2025

Resolved-mortgage statement provided. - Due Diligence Vendor-02/04/2025

Qualifying DTI below maximum allowed - 38.91% Qualifying DTI below maximum allowed of 50%

Months Reserves exceed minimum required - 7.19 Months Reserves exceed minimum required of 0
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829022   D A D A A A A A Closed xxxxxx 2025-02-04 15:22 2025-02-04 16:18 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Credit report is dated within 30 days of closing. - Due Diligence Vendor-02/04/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-02/04/2025
  Resolved-Credit report is dated within 30 days of closing. - Due Diligence Vendor-02/04/2025

Qualifying DTI below maximum allowed - 38.91% Qualifying DTI below maximum allowed of 50%

Months Reserves exceed minimum required - 7.19 Months Reserves exceed minimum required of 0
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829026   D A D A A A A A Closed xxxxxx 2025-01-29 15:20 2025-02-07 08:45 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received HOA and HOI and both have been updated. - Due Diligence Vendor-02/07/2025
Counter-HOA verification received, please provide a copy of the Hazard insurance premium. - Due Diligence Vendor-02/05/2025
Open-Missing proof of HOA fee amount for REO xxxxxx - Due Diligence Vendor-01/29/2025
  Resolved-Received HOA and HOI and both have been updated. - Due Diligence Vendor-02/07/2025

CLTV is less than guidelines maximum - Lender max CLTV is 85%, subject CLTV is 76.58%

Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 700, borrower FICO is 797.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829026   D A D A A A A A Closed xxxxxx 2025-01-28 10:50 2025-02-05 11:03 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Received Recorded DOT w/all pages of the PUD Rider. - Due Diligence Vendor-02/05/2025

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Page 1 of the PUD Rider to mortgage is missing. - Due Diligence Vendor-01/28/2025
  Resolved-Received Recorded DOT w/all pages of the PUD Rider. - Due Diligence Vendor-02/05/2025

CLTV is less than guidelines maximum - Lender max CLTV is 85%, subject CLTV is 76.58%

Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 700, borrower FICO is 797.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829065   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
829071   C B C B A A A A Closed xxxxxx 2025-02-04 13:42 2025-02-04 14:43 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/04/2025

Open-Audited LTV of 74.99% exceeds Guideline LTV of 70% max of 70% (short term rental) - Due Diligence Vendor-02/04/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/04/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR =/> 1.00

Months Reserves exceed minimum required - 32.60 months reserves exceed required 6 by 26.60 months.
Reserves exceed requirement by 6 months or more
DSCR > 1.15
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
829080   D B D B A A A A Closed xxxxxx 2025-02-04 15:36 2025-02-28 10:02 Resolved 1 - Information C A Credit Eligibility Appraisal has issues (credit) Resolved-Received amended appraisal confirming ADU meets zoning compliance and acceptable.  - Due Diligence Vendor-02/28/2025

Open-Appraisal to reflect ADU zoning compliance is legal (a permit is not required to establish zoning compliance) to use rental income - Due Diligence Vendor-02/04/2025
  Resolved-Received amended appraisal confirming ADU meets zoning compliance and acceptable.  - Due Diligence Vendor-02/28/2025

Qualifying FICO score is at least 20 points above minimum for program - 753 FICO score is 20+ points above 700 guideline minimum

LTV is less than guideline maximum - 65% LTV is less than 70% guideline maximum
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829080   D B D B A A A A Closed xxxxxx 2025-02-04 17:17 2025-02-21 09:53 Waived 2 - Non-Material C B Credit Eligibility Cash To Borrower does not meet eligibility requirement(s) Waived-The request for an exception to Verus's eligibility criteria is granted for cash out. - Due Diligence Vendor-02/21/2025

Open-Cash-Out to Borrower of $643,720.20 exceed Max Cash-Out of $500,000 based on >=65% LTV - Due Diligence Vendor-02/04/2025
  Waived-The request for an exception to Verus's eligibility criteria is granted for cash out. - Due Diligence Vendor-02/21/2025

Qualifying FICO score is at least 20 points above minimum for program - 753 FICO score is 20+ points above 700 guideline minimum

LTV is less than guideline maximum - 65% LTV is less than 70% guideline maximum
Compensating Factor 1 - LTV/CLTV 5% or more below the maximum allowed under applicable guidelines / Compensating Factor 2 - Credit Score 30+ points > minimum required / Compensating Factor 3 - Reserves exceed requirement by 10 months or more ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
829080   D B D B A A A A Closed xxxxxx 2025-02-04 15:43 2025-02-19 08:58 Resolved 1 - Information D A Credit Missing Doc Missing Trust Agreement Resolved-Received the Trust Agreement signed and notarized. - Due Diligence Vendor-02/19/2025

Open-Missing full Trust Agreement - Due Diligence Vendor-02/04/2025
  Resolved-Received the Trust Agreement signed and notarized. - Due Diligence Vendor-02/19/2025

Qualifying FICO score is at least 20 points above minimum for program - 753 FICO score is 20+ points above 700 guideline minimum

LTV is less than guideline maximum - 65% LTV is less than 70% guideline maximum
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829083   C A A A C A A A Closed xxxxxx 2025-02-18 13:12 2025-02-26 08:07 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Received documentation from client, finding resolved. - Due Diligence Vendor-02/26/2025
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 $10.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Zero (0%) tolerance fees increased by $10 (Transfer Taxes) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $10, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-02/18/2025
  Resolved-Received documentation from client, finding resolved. - Due Diligence Vendor-02/26/2025

On time mortgage history exceeds guideline requirement - Borr 20mos 0x30 mortgage pay history. Per guides, minimum 12mos 0x30 mortgage/rental pay history.

Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 735. Per guides, minimum score required 700.
  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
829085   D A D A A A A A Closed xxxxxx 2025-01-31 08:20 2025-04-08 09:17 Resolved 1 - Information C A Credit Eligibility Condo project has pending litigation Resolved-Client provided court documents showing the lawsuit did not exceed 75k and was already satisfied. Lawsuit was not a structural issue, it was regarding voting practices and meets guides. - Due Diligence Vendor-04/08/2025
Open-Client provided a waiver which was applied with comp factors but remains as a material condition. Reason its material, is that the Client provided links to the court system and not the specific case, audit cannot use this. Please provide the proof of the litigation amount, and letter from either the insurance carrier or attny stating it will cover the lawsuit. If insurance wont cover, then provide proof of reserves as damages not to exceed 25%  such reserves - Due Diligence Vendor-04/08/2025
  Resolved-Client provided court documents showing the lawsuit did not exceed 75k and was already satisfied. Lawsuit was not a structural issue, it was regarding voting practices and meets guides. - Due Diligence Vendor-04/08/2025
Months Reserves exceed minimum required - Verified assets of 579.01 months reserves exceed the minimum required of 0 months

DSCR % greater than 1.20 - Calculated DSCR of 3.283
- DSCR > 1.3
- LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
- Reserves exceed requirement by 10 months or more
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829085   D A D A A A A A Closed xxxxxx 2025-01-31 06:41 2025-02-05 11:16 Resolved 1 - Information D A Credit Missing Doc - Credit HOA Questionnaire Document is Missing Resolved-Received HOA Questionnaire. - Due Diligence Vendor-02/05/2025

Ready for Review-Document Uploaded. Condo docs attached. - Buyer-02/04/2025

Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Missing condo questionnaire for project. - Due Diligence Vendor-01/31/2025
  Resolved-Received HOA Questionnaire. - Due Diligence Vendor-02/05/2025

Months Reserves exceed minimum required - Verified assets of 579.01 months reserves exceed the minimum required of 0 months

DSCR % greater than 1.20 - Calculated DSCR of 3.283
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829142   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
829193   C A C A A A A A Closed xxxxxx 2025-02-25 15:12 2025-02-28 09:47 Resolved 1 - Information C A Credit Eligibility Property Does Not Meet Guidelines (credit) Resolved-Received lender confirmation subject property is not rural.   - Due Diligence Vendor-02/28/2025
Open-Property Issues are identified for the property Original appraisal states location is xxxxxx  and update appraisal states location is xxxxxx, no appraiser commentary for change to location. Per guides Rural is not allowed. - Due Diligence Vendor-02/25/2025
  Resolved-Received lender confirmation subject property is not rural.   - Due Diligence Vendor-02/28/2025

DSCR % greater than 1.20 - DSCR is 1.306.

Months Reserves exceed minimum required - 20 months reserves; 2 months reserves required. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829221   C B C A C B A A Closed xxxxxx 2025-03-07 13:46 2025-03-14 14:09 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-Received Internet Search. - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded. Please find the attached verification of the business phone. - Seller-03/12/2025
Counter-Internet Search provided is not for our borrower. Finding remains. - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. Please find the attached verification of the business phone. - Seller-03/10/2025
Open-Missing verification of business phone.  Per guidelines business phone number must be verifiable via xxxxxx.  Search, 411.com or internet. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded. Please find the attached verification of the business phone. - Seller-03/12/2025

 Ready for Review-Document Uploaded. Please find the attached verification of the business phone. - Seller-03/10/2025

Resolved-Received Internet Search. - Due Diligence Vendor-03/14/2025

LTV is less than guideline maximum - LTV  20% lower than 75% max allowed

Qualifying FICO score is at least 20 points above minimum for program - FICO 716 is higher than 660 minimum 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829221   C B C A C B A A Closed xxxxxx 2025-03-07 10:02 2025-03-10 10:15 Resolved 1 - Information C A Compliance Right to Rescind TILA Right of Rescission Test Resolved-Received PCCD xxxxxx with correct disbursement date. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. Please find the attached Post CD. - Seller-03/09/2025
Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. ------ Provide PCCD with disbursement date after the ROR expiration date - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded. Please find the attached Post CD. - Seller-03/09/2025

Resolved-Received PCCD xxxxxx with correct disbursement date. - Due Diligence Vendor-03/10/2025
LTV is less than guideline maximum - LTV  20% lower than 75% max allowed

Qualifying FICO score is at least 20 points above minimum for program - FICO 716 is higher than 660 minimum 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829221   C B C A C B A A Closed xxxxxx 2025-03-07 09:48 2025-03-07 10:06 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing ----- Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/07/2025   Waived-Required Affiliated Business Disclosure Missing ----- Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/07/2025

LTV is less than guideline maximum - LTV  20% lower than 75% max allowed

Qualifying FICO score is at least 20 points above minimum for program - FICO 716 is higher than 660 minimum 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Originator Post-Close No xxxxxx
829222   D B D A B B A A Closed xxxxxx 2025-03-07 09:54 2025-03-11 13:58 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-Received Employment Authorization Card. - Due Diligence Vendor-03/11/2025

Ready for Review-Document Uploaded.  - Seller-03/10/2025

Open-Borrower Citizenship Documentation Is Missing Missing Cit Docs
 - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/10/2025

Resolved-Received Employment Authorization Card. - Due Diligence Vendor-03/11/2025

Months Reserves exceed minimum required - 53 months vs. 0 required

Qualifying FICO score is at least 20 points above minimum for program - 743 vs. 660
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829222   D B D A B B A A Closed xxxxxx 2025-03-07 10:04 2025-03-07 10:04 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-03/07/2025   Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-03/07/2025

Months Reserves exceed minimum required - 53 months vs. 0 required

Qualifying FICO score is at least 20 points above minimum for program - 743 vs. 660
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Originator Post-Close No xxxxxx
829226   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
829235   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
829236   C A A A A A C A Closed xxxxxx 2025-02-07 17:00 2025-02-14 10:52 Resolved 1 - Information C A Property Property FEMA disaster declared within 120 days of Note Resolved-Received PDI with an inspection date of xxxxxx. No damage. - Due Diligence Vendor-02/14/2025
Open-xxxxxx and xxxxxx Incident Period: xxxxxx and continuing. - Due Diligence Vendor-02/07/2025
  Resolved-Received PDI with an inspection date of xxxxxx. No damage. - Due Diligence Vendor-02/14/2025
Months Reserves exceed minimum required - 12.57 months PITIA reserves; 6 months reserves required.

LTV is less than guideline maximum - LTV 33.63% LTV. Allowed 70%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
829267   D A C A D A A A Closed xxxxxx 2025-02-07 10:26 2025-02-13 10:58 Resolved 1 - Information C A Credit Insurance Hazard Insurance Effective Date is after the Note Date Resolved-Received the revised Hazard Insurance policy with Effective Date of xxxxxx is prior to or equal to the Note Date of xxxxxx . - Due Diligence Vendor-02/13/2025
Open-Hazard Insurance Effective Date of xxxxxx is after the Note Date of xxxxxx - Due Diligence Vendor-02/07/2025
  Resolved-Received the revised Hazard Insurance policy with Effective Date of xxxxxx is prior to or equal to the Note Date of xxxxxx . - Due Diligence Vendor-02/13/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO 765 higher than program minimum 680

CLTV is less than guidelines maximum - CLTV 45.62% Less than 85% Max allowed 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829267   D A C A D A A A Closed xxxxxx 2025-02-06 10:35 2025-02-13 09:24 Resolved 1 - Information D A Compliance Missing Doc Missing Required Affiliated Business Disclosure Resolved-Received attestation that lender has no affiliates. - Due Diligence Vendor-02/13/2025

Open-Required Affiliated Business Disclosure Missing Missing affiliated business disclosure and title fees appear in section B [Closing Protection Letter, Lender's Title Insurance, Settlement/Closing Fee.] Unable to determine affiliate status of provider used, unable to properly test fees listed. - Due Diligence Vendor-02/06/2025
  Resolved-Received attestation that lender has no affiliates. - Due Diligence Vendor-02/13/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 765 higher than program minimum 680

CLTV is less than guidelines maximum - CLTV 45.62% Less than 85% Max allowed 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829268   C B C B A A A A Closed xxxxxx 2025-02-18 07:59 2025-02-19 14:40 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-02/19/2025

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Exh. A legal desc - Due Diligence Vendor-02/18/2025
  Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-02/19/2025

LTV is less than guideline maximum - LTV 57.14% is less than guideline maximum 70%
 

DSCR % greater than 1.20 - DSCR 1.39
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829268   C B C B A A A A Closed xxxxxx 2025-02-18 11:50 2025-02-19 13:09 Waived 2 - Non-Material C B Credit Eligibility Neighborhood Location Not Allowed for Program Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/19/2025

Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Rural property not allowed. - Due Diligence Vendor-02/18/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/19/2025

LTV is less than guideline maximum - LTV 57.14% is less than guideline maximum 70%
 

DSCR % greater than 1.20 - DSCR 1.39
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
DSCR > 1.3
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
829272   D A D A A A A A Closed xxxxxx 2025-03-04 09:36 2025-03-12 10:13 Resolved 1 - Information D A Credit Missing Doc - Credit Business Purpose Affidavit/Disclosure Missing Resolved-Received Business Purpose Affidavit - Due Diligence Vendor-03/12/2025

Open-The Business Purpose Affidavit Disclosure is Missing -Missing the Business Purpose Affidavit Disclosure - Due Diligence Vendor-03/04/2025
  Resolved-Received Business Purpose Affidavit - Due Diligence Vendor-03/12/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 773; guidelines require 700.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.124. .00 was required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829280   C B C B C A A A Closed xxxxxx 2025-02-19 14:50 2025-03-13 10:05 Resolved 1 - Information C A Compliance TRID Revised Closing Disclosure Delivery Date Test (Waiting Period Required) Test Resolved-Upon further review, finding resolved. - Due Diligence Vendor-03/13/2025
Open-This loan failed the revised closing disclosure delivery date test (waiting period required).( 12 CFR §1026.19(f)(2)(ii) )The revised closing disclosure delivery requires a new waiting period andThe revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised 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 revised 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 revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation requiring a new waiting period. If one of the following disclosures provided under §1026.19(f)(1)(i) becomes inaccurate in the following manner before consummation, the creditor shall ensure that the consumer receives corrected disclosures containing all changed terms in accordance with the requirements of §1026.19(f)(1)(ii)(A):(A) The annual percentage rate disclosed under §1026.38(o)(4) becomes inaccurate, as defined in §1026.22.(B) The loan product is changed, causing the information disclosed under §1026.38(a)(5)(iii) to become inaccurate.(C) A prepayment penalty is added, causing the statement regarding a prepayment penalty required under §1026.38(b) to become inaccurate.The creditor shall ensure that the consumer receives the disclosures required under §1026.19(f)(1)(i) no later than three business days before consummation. ...Provide proof of Borrower receipt of Revised CD dated xxxxxx at least three business days prior to consummation.  - Due Diligence Vendor-02/19/2025
  Resolved-Upon further review, finding resolved. - Due Diligence Vendor-03/13/2025

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score.  Qualifying credit score is 736.

LTV is less than guideline maximum - LTV is 49.6%; guideline maximum is 90%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829280   C B C B C A A A Closed xxxxxx 2025-02-19 15:57 2025-03-13 10:05 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Upon further review, finding resolved. - Due Diligence Vendor-03/13/2025
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 $5,862.50.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). ...Zero (0%) tolerance fees increased by $5,862.50 (Loan Discount Points) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $5,862.50, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx. [Provide proof of Borrower receipt of Revised CD dated xxxxxx at least three business days prior to consummation.]
 - Due Diligence Vendor-02/19/2025
  Resolved-Upon further review, finding resolved. - Due Diligence Vendor-03/13/2025

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score.  Qualifying credit score is 736.

LTV is less than guideline maximum - LTV is 49.6%; guideline maximum is 90%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829280   C B C B C A A A Closed xxxxxx 2025-02-20 11:52 2025-02-21 09:09 Waived 2 - Non-Material C B Credit Income/Employment Borrower 1 Total Years Employment Verified is Less Than 24 Months Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/21/2025
Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months Exception requested for the Borrower Self Employment with the new company less than 2 years.  The business being used to source the income has been in existence since for 19 months.  BUT previously S/E since 2015 in same line of work- Expanded / Rebranded from xxxxxx per CPA. - Due Diligence Vendor-02/20/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/21/2025

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score.  Qualifying credit score is 736.

LTV is less than guideline maximum - LTV is 49.6%; guideline maximum is 90%.
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
DTI <= 40% which is below requirement in guidelines
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
829280   C B C B C A A A Closed xxxxxx 2025-02-20 11:52 2025-02-21 09:09 Waived 2 - Non-Material C B Credit Eligibility Escrow waiver guidelines were not met Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/21/2025

Open-Lender exception waiving escrows when all criteria is met EXCEPT Reserves 10 months < 12months required - Due Diligence Vendor-02/20/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/21/2025

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score.  Qualifying credit score is 736.

LTV is less than guideline maximum - LTV is 49.6%; guideline maximum is 90%.
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
DTI <= 40% which is below requirement in guidelines
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
829327   C A C A A A A A Closed xxxxxx 2025-02-11 13:46 2025-02-14 10:45 Resolved 1 - Information C A Credit Income/Employment Borrower 1 Tax Returns Not Signed Resolved-Received 2023 IRS tax transcripts in lieu of having the returns signed. - Due Diligence Vendor-02/14/2025

Open-Borrower 1 Tax Returns Not Signed 2023 1040 missing signature - Due Diligence Vendor-02/12/2025
  Resolved-Received 2023 IRS tax transcripts in lieu of having the returns signed. - Due Diligence Vendor-02/14/2025

Credit history exceeds minimum required - Borrower has had 0x30 for more than 24 months.
Verified employment history exceeds guidelines - The Borrower has been employed with xxxxxx for 20 years.
  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
829343   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
829368   C A A A C A A A Closed xxxxxx 2025-03-04 07:39 2025-03-10 10:01 Resolved 1 - Information C A Compliance TRID Revised Closing Disclosure Delivery Date and Changed Circumstances Date Test Resolved-Received evidence of CD xxxxxx, received xxxxxx.  Finding resolved. - Due Diligence Vendor-03/10/2025
Open-This loan failed the revised closing disclosure delivery date and changed circumstances date test. ( 12 CFR §1026.19(e)(3)(iv)(A) - (C), (E), (F) , and (D) as amended in 2015 ,  12 CFR §1026.19(e)(4)(i) )The revised closing disclosure delivery date is either:Later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor receives information sufficient to establish that a changed circumstance has occurred; orBefore the creditor receives information sufficient to establish that a changed circumstance has occurred.This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.2(a)(6) and as it relates to §1026.19(e)(4)(i) (revised loan estimate disclosure) and §1026.19(e)(4)(ii) (relationship to closing disclosure). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on SundayAs not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.If a creditor uses a revised estimate for the purpose of determining good faith for the zero tolerance and 10% tolerance categories under §1026.19(e)(3)(i) and (ii), the creditor shall provide a revised version of the disclosures required under §1026.19(e)(1)(i) reflecting the revised estimate either:Within three business days of receiving information sufficient to establish that one of the reasons for revision provided under §1026.19(e)(3)(iv)(A) through (C), (E) and (F) applies; orNo later than three business days after the date the interest rate is locked, for revision provided under §1026.19(e)(3)(iv)(D). The revised version of the disclosures required under §1026.19(e)(1)(i) shall contain the revised interest rate, the points disclosed pursuant to §1026.37(f)(1), lender credits, and any other interest rate dependent charges and terms.Official Interpretations12 C.F.R. §1026.19(e)(4)(ii)Relationship to disclosures required under §1026.19(f)(1)(i).Revised disclosures may not be delivered at the same time as the Closing Disclosure. §1026.19(e)(4)(ii) prohibits a creditor from providing a revised version of the disclosures required under §1026.19(e)(1)(i) on or after the date on which the creditor provides the disclosures required under §1026.19(f)(1)(i)...However, if a creditor uses a revised estimate pursuant to § 1026.19(e)(3)(iv) for the purpose of determining good faith under § 1026.19(e)(3)(i) and (ii), § 1026.19(e)(4)(i) permits the creditor to provide the revised estimate in the disclosures required under § 1026.19(f)(1)(i) (including any corrected disclosures provided under § 1026.19(f)(2)(i) or (ii)). - Due Diligence Vendor-03/04/2025
  Resolved-Received evidence of CD xxxxxx, received xxxxxx.  Finding resolved. - Due Diligence Vendor-03/10/2025
Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 17.

Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO 680, borrower FICO 779.
  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
829368   C A A A C A A A Closed xxxxxx 2025-02-14 06:25 2025-03-10 10:01 Resolved 1 - Information C A Compliance TRID Lender Credits That Cannot Decrease Test Resolved-Received evidence of CD xxxxxx, received xxxxxx.  Finding resolved. - Due Diligence Vendor-03/10/2025
Open-This loan failed the lender credits that cannot decrease 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). The final sum of specific and non-specific lender credits ($932.49) does not exceed or equal the comparable sum of specific and non-specific lender credits ($2,492.48). Please see the 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). -----Lender credit decreased from $1,712.00 to $152.49 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $1,559.99, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is xxxxxx. - Due Diligence Vendor-02/14/2025
  Resolved-Received evidence of CD xxxxxx, received xxxxxx.  Finding resolved. - Due Diligence Vendor-03/10/2025
Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 17.

Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO 680, borrower FICO 779.
  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
829368   C A A A C A A A Closed xxxxxx 2025-02-14 06:45 2025-02-19 11:32 Resolved 1 - Information B A Compliance State Reg NY Subprime Loan Test Resolved-APR within threshold. - Due Diligence Vendor-02/19/2025

Open-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR ----- Compliant NY Subprime Loan - APR on subject loan is 8.145% within allowable threshold of APOR 6.98% + 1.75 = 8.73% - Due Diligence Vendor-02/18/2025
  Resolved-APR within threshold. - Due Diligence Vendor-02/19/2025

Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 17.

Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO 680, borrower FICO 779.
  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
829385   C A C A A A A A Closed xxxxxx 2025-01-30 18:36 2025-02-05 15:51 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Primary housing history is not required for an experienced investor, per guidelines. - Due Diligence Vendor-02/05/2025

Open-Housing History Does Not Meet Guideline Requirements - no mortgage or rent verification provided for primary residence. - Due Diligence Vendor-01/30/2025
  Resolved-Primary housing history is not required for an experienced investor, per guidelines. - Due Diligence Vendor-02/05/2025

Months Reserves exceed minimum required - 2 months reserves required/ borrower reserves 111.65 months ($253,166)

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660 / Borrower FICO 802
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829410   C B A A B B C A Closed xxxxxx 2025-03-21 10:02 2025-03-31 11:56 Resolved 1 - Information C A Property Property FEMA disaster declared INDIVIDUAL Resolved-Received PDI with an inspection date of xxxxxx. No damage. - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please see attached PDI. - Buyer-03/28/2025
Counter-Unable to utilize the map and affected zip codes.  Please provide a PDI. - Due Diligence Vendor-03/26/2025
Ready for Review-Please see attached. - Buyer-03/24/2025
Open-xxxxxx and xxxxxx; Incident Period: xxxxxx and continuing. - Due Diligence Vendor-03/21/2025
  Resolved-Received PDI with an inspection date of xxxxxx. No damage. - Due Diligence Vendor-03/31/2025
Qualifying DTI below maximum allowed - QUALIFYING DTI 42.54, GUIDELINE MAX 49.99%.

Months Reserves exceed minimum required - o 13 months reserves; 4 months reserves required
  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
829410   C B A A B B C A Closed xxxxxx 2025-03-18 10:44 2025-03-18 10:44 Waived 2 - Non-Material B B Compliance Missing Doc Home Loan Toolkit is Missing Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings - Due Diligence Vendor-03/18/2025   Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings - Due Diligence Vendor-03/18/2025

Qualifying DTI below maximum allowed - QUALIFYING DTI 42.54, GUIDELINE MAX 49.99%.

Months Reserves exceed minimum required - o 13 months reserves; 4 months reserves required
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
829410   C B A A B B C A Closed xxxxxx 2025-03-18 10:44 2025-03-18 10:44 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings - Due Diligence Vendor-03/18/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings - Due Diligence Vendor-03/18/2025

Qualifying DTI below maximum allowed - QUALIFYING DTI 42.54, GUIDELINE MAX 49.99%.

Months Reserves exceed minimum required - o 13 months reserves; 4 months reserves required
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
829414   C A C A A A A A Closed xxxxxx 2025-02-10 09:22 2025-02-11 11:57 Resolved 1 - Information C A Credit Eligibility Neighborhood Location Not Allowed for Program Resolved-Lender variance allows rural properties. - Due Diligence Vendor-02/11/2025

Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Rural properties not allowed - Due Diligence Vendor-02/11/2025
  Resolved-Lender variance allows rural properties. - Due Diligence Vendor-02/11/2025

Qualifying DTI below maximum allowed - DTI of 29.59% is less than the maximum allowed per guidelines of 50%.

CLTV is less than guidelines maximum - CLTV of 74.17% is below the maximum of 90% allowed per guidelines.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829415   D A D A C A A A Closed xxxxxx 2025-03-04 09:33 2025-03-10 09:31 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Received CD xxxxxx with COC for increase. Finding resolved. - Due Diligence Vendor-03/10/2025
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 $1,200.88.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). -----Zero (0%) tolerance fees increased by $1,200.88 Point-Loan Discount Fee  without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $1,200.88, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-03/04/2025
  Resolved-Received CD xxxxxx with COC for increase. Finding resolved. - Due Diligence Vendor-03/10/2025
Qualifying FICO score is at least 20 points above minimum for program - 708 > 680 min

LTV is less than guideline maximum - 65% < 80% max
  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
829415   D A D A C A A A Closed xxxxxx 2025-03-05 13:40 2025-03-10 09:23 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Received gap report for both borrowers. - Due Diligence Vendor-03/10/2025

Open-Borrower 1 Gap Credit Report is Missing Missing for Borrower 1 and Borrower 2-To be dated within 30 days of note. - Due Diligence Vendor-03/05/2025
  Resolved-Received gap report for both borrowers. - Due Diligence Vendor-03/10/2025

Qualifying FICO score is at least 20 points above minimum for program - 708 > 680 min

LTV is less than guideline maximum - 65% < 80% max
  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
829451   C A C A A A A A Closed xxxxxx 2025-02-06 08:35 2025-03-10 09:14 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Received confirmation of replacement cost coverage on hazard insurance policy. - Due Diligence Vendor-03/10/2025
Counter-Received RCE documentation supporting $xxxxxx.  . Insufficient Coverage Amount for Insured Subject Property. Hazard Insurance Coverage amount Dwelling $xxxxxx. . - Due Diligence Vendor-02/18/2025
Open-Insufficient Coverage Amount for Insured Subject Property. Hazard Insurance Coverage amount Dwelling $xxxxxx. .   - Due Diligence Vendor-02/06/2025
  Resolved-Received confirmation of replacement cost coverage on hazard insurance policy. - Due Diligence Vendor-03/10/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.062. .75 was required.

Months Reserves exceed minimum required - 15 months reserves; 2 months reserves required. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829451   C A C A A A A A Closed xxxxxx 2025-02-04 13:23 2025-02-20 09:13 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Legal description and xxxxxx rider provided. - Due Diligence Vendor-02/20/2025
Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. 1.  Missing Legal Description.
2. Missing xxxxxx Rider - Due Diligence Vendor-02/04/2025
  Resolved-Legal description and xxxxxx rider provided. - Due Diligence Vendor-02/20/2025
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.062. .75 was required.

Months Reserves exceed minimum required - 15 months reserves; 2 months reserves required. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829453   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
829457   D B D A B B A A Closed xxxxxx 2025-03-17 16:51 2025-03-21 12:52 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Received Gap Report. - Due Diligence Vendor-03/21/2025

Open-Borrower 1 Gap Credit Report is Missing No gap credit - no UDM on fraud report - Due Diligence Vendor-03/17/2025
  Resolved-Received Gap Report. - Due Diligence Vendor-03/21/2025

Months Reserves exceed minimum required - Min 3 months, actual 92.63 months

Qualifying FICO score is at least 20 points above minimum for program - Min 660, actual 690

Qualifying DTI below maximum allowed - Max 50%, actual 28.02%

LTV is less than guideline maximum - Max 75%, actual 65%
  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
829457   D B D A B B A A Closed xxxxxx 2025-03-14 07:08 2025-03-14 07:11 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-03/14/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-03/14/2025

Months Reserves exceed minimum required - Min 3 months, actual 92.63 months

Qualifying FICO score is at least 20 points above minimum for program - Min 660, actual 690

Qualifying DTI below maximum allowed - Max 50%, actual 28.02%

LTV is less than guideline maximum - Max 75%, actual 65%
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
829470   C A C A A A A A Closed xxxxxx 2025-01-31 16:52 2025-02-06 17:58 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Total liens are $xxxxxx. and coverage amount is $xxxxxx. .  Coverage is sufficient. - Due Diligence Vendor-02/06/2025
Counter-Per guidelines section 4.8.2.7.1 page 43 - The hazard insurance coverage should be equal to the lesser of: The unpaid principal balance of the mortgage(s). HOI policy does not reflect 100% replacement costs and the RCE is greater than the coverage (and must be equal to or less than). - Due Diligence Vendor-02/04/2025
Open-Insufficient Coverage Amount for Insured Subject Property. Corelogic indicates the replacement cost is $xxxxxx. ; the current coverage is  $xxxxxx.  which does cover the secured loans. - Due Diligence Vendor-01/31/2025
  Resolved-Total liens are $xxxxxx.  and coverage amount is $xxxxxx. .  Coverage is sufficient. - Due Diligence Vendor-02/06/2025
Months Reserves exceed minimum required - Borrower has 14.39 months in reserves.

Qualifying FICO score is at least 20 points above minimum for program - Borrowers Credit score 772.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829503   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
829504   C A A A A A C A Closed xxxxxx 2025-02-26 13:41 2025-03-04 09:28 Resolved 1 - Information C A Property Appraisal Appraisal incomplete (missing map, layout, pages, etc.) Resolved-Received amended 1007 confirming long term rental market estimate. - Due Diligence Vendor-03/04/2025

Open-Appraiser to confirm whether estimated market rent is $5,400 as listed in comment of 1007 or $5,500 as shown on signature line for market estimate.   - Due Diligence Vendor-02/26/2025
  Resolved-Received amended 1007 confirming long term rental market estimate. - Due Diligence Vendor-03/04/2025

Months Reserves exceed minimum required - 30 months reserves; 2 months reserves required.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 777; guidelines require 700. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829512   D B C B A A D A Closed xxxxxx 2025-01-29 12:03 2025-02-05 10:25 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Received the CDA Report. - Due Diligence Vendor-02/05/2025

Open-Additional valuation product has not been provided.  Missing secondary valuation to support appraised value.  - Due Diligence Vendor-01/29/2025
  Resolved-Received the CDA Report. - Due Diligence Vendor-02/05/2025

Credit history exceeds minimum required - Greater than minimum 12 months required

Months Reserves exceed minimum required - 7 available vs. 3 required. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829512   D B C B A A D A Closed xxxxxx 2025-01-29 13:20 2025-02-04 10:20 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-The request for an exception to Verus's eligibility criteria is granted for LTV exceeding max allowed of 70%, applied to non material finding with comp factors. - Due Diligence Vendor-02/04/2025

Open-Audited LTV of 75% exceeds Guideline LTV of 70% DSCR less than 1 max LTV 70% for cash out.  - Due Diligence Vendor-01/29/2025
  Waived-The request for an exception to Verus's eligibility criteria is granted for LTV exceeding max allowed of 70%, applied to non material finding with comp factors. - Due Diligence Vendor-02/04/2025

Credit history exceeds minimum required - Greater than minimum 12 months required

Months Reserves exceed minimum required - 7 available vs. 3 required. 
-Compensating Factor 1 - Subject property home ownership.
-Compensating Factor 2 - Reserves exceed requirement by 2 months or more.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
829527   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
829597   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
829598   C A A A C A A A Closed xxxxxx 2025-02-06 12:35 2025-02-12 10:58 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Received valid and timely COC for fee increases. - Due Diligence Vendor-02/12/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-02/11/2025
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 $155.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Zero (0%) tolerance fees increased by $155 (Post Disaster Inspection Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $155, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-02/06/2025
  Resolved-Received valid and timely COC for fee increases. - Due Diligence Vendor-02/12/2025

LTV is less than guideline maximum - LTV of 62.47% is below the maximum of 75% allowed per guidelines.

Qualifying DTI below maximum allowed - DTI of 35.25% is less than the maximum allowed per guidelines of 50%.
  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
829611   D A D A A A A A Closed xxxxxx 2025-02-11 14:51 2025-02-24 14:15 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received documentation to support sale price and tax calculation.  - Due Diligence Vendor-02/24/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-02/21/2025
Counter-Please provide documentation to support the purchase price was xxxxxx for the xxxxxx property. Please not the Property Details report in file is not legible.  - Due Diligence Vendor-02/19/2025
Ready for Review-Document Uploaded. Please see attached for Final 1003 showing the EOI + property tax amount.

There is no Final CD showing PITI for xxxxxx, as it’s not the subj. property. - Seller-02/18/2025
Counter-Provide documentation to support tax calculation and  the Final CD (if PITI payment on Final CD , this will suffice). - Due Diligence Vendor-02/14/2025
Ready for Review-xxxxxx as recently purchased property (xxxxxx)

We used 1.25% of the purchase price for est. property tax calculation.

 xxxxxx x 0.0125 = xxxxxx.

xxxxxx (est. property tax) + xxxxxx (EOI) = xxxxxx

xxxxxx/12mos. = xxxxxx/mo. - Seller-02/12/2025
Open-Missing tax information for xxxxxx - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-02/21/2025
 Ready for Review-Document Uploaded. Please see attached for Final 1003 showing the EOI + property tax amount.

There is no Final CD showing PITI for xxxxxx, as it’s not the subj. property. - Seller-02/18/2025
 Ready for Review-xxxxxx as recently purchased property (xxxxxx)

We used 1.25% of the purchase price for est. property tax calculation.
 

xxxxxx x 0.0125 = xxxxxx.

xxxxxx (est. property tax) + xxxxxx (EOI) = xxxxxx

xxxxxx/12mos. = xxxxxx/mo. - Seller-02/12/2025
Resolved-Received documentation to support sale price and tax calculation.  - Due Diligence Vendor-02/24/2025

Months Reserves exceed minimum required - 27 months reserves exceed 3 month minimum

Qualifying FICO score is at least 20 points above minimum for program - 717 FICO score is 20+ points above 680 minimum
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829611   D A D A A A A A Closed xxxxxx 2025-02-11 14:24 2025-02-14 14:34 Resolved 1 - Information D A Credit Missing Doc Flood Certificate Missing Resolved-Flood Certificate is fully present - Due Diligence Vendor-02/14/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-02/12/2025

Open-Missing Flood Certificate Missing legible Flood Certificate - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-02/12/2025

Resolved-Flood Certificate is fully present - Due Diligence Vendor-02/14/2025

Months Reserves exceed minimum required - 27 months reserves exceed 3 month minimum

Qualifying FICO score is at least 20 points above minimum for program - 717 FICO score is 20+ points above 680 minimum
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829630   D A D A A A A A Closed xxxxxx 2025-03-06 12:12 2025-03-12 12:37 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved--Debt monitoring in place. - Due Diligence Vendor-03/12/2025

Open-Borrower 1 Gap Credit Report is Missing B1 AND B2 - File is missing Gap credit report or undisclosed debt monitoring is required within 30 days of the note - Due Diligence Vendor-03/07/2025
  Resolved--Debt monitoring in place. - Due Diligence Vendor-03/12/2025

Qualifying DTI below maximum allowed - DTI = 42.91% - Max DTI = 50%

Qualifying FICO score is at least 20 points above minimum for program - FICO = 702     Min FICO = 680
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829647   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
829651   C B C B C B A A Closed xxxxxx 2025-02-06 10:48 2025-04-16 09:17 Resolved 1 - Information C A Compliance Disclosure RESPA Homeownership Counseling Organizations Disclosure Date Test Resolved-Received HOC xxxxxx, finding resolved. - Due Diligence Vendor-04/16/2025
Open-This loan failed the homeownership counseling organizations disclosure date test due to the following findings: ( 12 CFR §1024.20(a) )The loan has a homeownership counseling organizations disclosure date that is not within three business days of the loan originator's application date (or the date creditor received application if loan originator's application date is not provided); orThe homeownership counseling organizations disclosure date is after the closing date.Not later than three business days after a lender, mortgage broker, or dealer receives an application, or information sufficient to complete an application, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. The list of homeownership counseling organizations distributed to each loan applicant under this section shall be obtained no earlier than 30 days prior to the time when the list is provided to the loan applicant from either:(1)The website maintained by the Bureau for lenders to use in complying with the requirements of this section; or(2)Data made available by the Bureau or HUD for lenders to use in complying with the requirements of this section, provided that the data is used in accordance with instructions provided with the data.This calculation take into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1024.2(b) and as it relates to §1024.20 (list of homeownership counseling organizations provided not later than 3 business days after a loan originator receives an application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page: NonePlease note: This test does not validate the content of any list of homeownership counseling organizations. -----The loan has a homeownership counseling organizations disclosure date that is not within three business days of the loan originator's application date.   - Due Diligence Vendor-02/06/2025
  Resolved-Received HOC xxxxxx, finding resolved. - Due Diligence Vendor-04/16/2025
Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 credit score.  Qualifying credit score is 741.

Verified employment history exceeds guidelines - The borrower has been Self Employed for 18 years.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
829651   C B C B C B A A Closed xxxxxx 2025-02-10 10:13 2025-02-10 15:13 Waived 2 - Non-Material C B Credit Eligibility Neighborhood Location Not Allowed for Program Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/10/2025
Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Lender exception provided to allow for rural property.  Subject is xxxxxx acres - Due Diligence Vendor-02/10/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 credit score.  Qualifying credit score is 741.

Verified employment history exceeds guidelines - The borrower has been Self Employed for 18 years.
Current primary home ownership > 10 years
Total debt payment reduced more than $500 per month
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
829651   C B C B C B A A Closed xxxxxx 2025-02-06 11:21 2025-02-06 11:21 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-02/06/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-02/06/2025

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 credit score.  Qualifying credit score is 741.

Verified employment history exceeds guidelines - The borrower has been Self Employed for 18 years.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
829671   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
829741   D A D A A A C A Closed xxxxxx 2025-02-18 09:35 2025-02-24 10:35 Resolved 1 - Information C A Credit Borrower Borrower information on 1003 is incomplete Resolved-Received 1003 for both borrowers. - Due Diligence Vendor-02/24/2025

Open-Provide a completed application for the borrower and co-borrower for Application Information section Demographic Information section. Citizenship is required. - Due Diligence Vendor-02/18/2025
  Resolved-Received 1003 for both borrowers. - Due Diligence Vendor-02/24/2025

LTV is less than guideline maximum - LTV is 70%.

Months Reserves exceed minimum required - The Borrowers have 242.86 in reserves.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829741   D A D A A A C A Closed xxxxxx 2025-02-11 08:38 2025-02-20 09:49 Resolved 1 - Information D A Credit Missing Doc Closing Detail Statement Document is Missing Resolved-Received the Final CD. - Due Diligence Vendor-02/20/2025

Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Settlement in file but no dates to indicate when settlement was made; signed by Borrower. Final Settlement Statement Needed. - Due Diligence Vendor-02/11/2025
  Resolved-Received the Final CD. - Due Diligence Vendor-02/20/2025

LTV is less than guideline maximum - LTV is 70%.

Months Reserves exceed minimum required - The Borrowers have 242.86 in reserves.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829741   D A D A A A C A Closed xxxxxx 2025-02-11 15:09 2025-02-19 11:48 Resolved 1 - Information C A Credit Title Satisfactory Chain of Title not Provided Resolved-Received chain of title and subsequent Special Warranty Deeds.   - Due Diligence Vendor-02/19/2025
Open-Unsatisfactory Chain of Title provided. xxxxxx. - Due Diligence Vendor-02/11/2025
  Resolved-Received chain of title and subsequent Special Warranty Deeds.   - Due Diligence Vendor-02/19/2025

LTV is less than guideline maximum - LTV is 70%.

Months Reserves exceed minimum required - The Borrowers have 242.86 in reserves.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829741   D A D A A A C A Closed xxxxxx 2025-02-11 16:49 2025-02-18 09:28 Resolved 1 - Information C A Property Property Property Issues are Present Resolved-Received the  Certificate of Occupancy. - Due Diligence Vendor-02/18/2025

Open-Missing Certificate of Occupancy. - Due Diligence Vendor-02/11/2025
  Resolved-Received the  Certificate of Occupancy. - Due Diligence Vendor-02/18/2025

LTV is less than guideline maximum - LTV is 70%.

Months Reserves exceed minimum required - The Borrowers have 242.86 in reserves.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829746   D B D B A A A A Closed xxxxxx 2025-02-11 12:44 2025-03-03 11:54 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-03/03/2025

Counter-Insurance updated; Investor waiver required. - Due Diligence Vendor-03/03/2025

Open-Audited LTV of 80% exceeds Guideline LTV of 75% DSCR is <1, HOA dues was not factored into ratios resulting in DSCR <1 - Due Diligence Vendor-02/11/2025
  Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-03/03/2025

Months Reserves exceed minimum required - Months Reserves 35 exceed minimum required 2.

Credit history exceeds minimum required - Minimal credit usage.
Reserves of 10 months or more
Minimal credit usage.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
829746   D B D B A A A A Closed xxxxxx 2025-02-10 13:09 2025-02-26 08:49 Resolved 1 - Information D A Credit Missing Doc Missing Letter of Explanation (Credit) Resolved-Received rent free letter. - Due Diligence Vendor-02/26/2025

Ready for Review-Document Uploaded. Please see attached. - Buyer-02/25/2025

Open-1003 indicate Borrower has no housing expense. Per guideline require a Letter of explanation (LOE) executed by such Relative confirming that there is/was no monthly obligation. - Due Diligence Vendor-02/10/2025
  Resolved-Received rent free letter. - Due Diligence Vendor-02/26/2025

Months Reserves exceed minimum required - Months Reserves 35 exceed minimum required 2.

Credit history exceeds minimum required - Minimal credit usage.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829758   C B C B A A A A Closed xxxxxx 2025-02-07 12:08 2025-04-03 10:00 Waived 2 - Non-Material C B Credit Eligibility Audited DTI Exceeds Guideline DTI Waived-Client provided a waiver on DTI exceeding 50.00% , applied to non material finding with comp factors - Due Diligence Vendor-04/03/2025
Counter-Confirmed audited dti 50.04%.  Full PITIA considered $217.34 on retained reo and $3.45 on vacant land.   - Due Diligence Vendor-02/24/2025
Counter-Received taxes and Insurance for departing primary residence and amounts weer updated. Audited DTI of 50.04% exceeds Guideline DTI of 50% - Due Diligence Vendor-02/20/2025
Open-Audited DTI of 51.25% exceeds Guideline DTI of 50% Audit determined property taxes on departing/retained primary were higher than what lender used, resulting in DTI > 50%.  - Due Diligence Vendor-02/07/2025
  Waived-Client provided a waiver on DTI exceeding 50.00% , applied to non material finding with comp factors - Due Diligence Vendor-04/03/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - -1.5+ times residual income.

Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 660, borrower FICO is 810

LTV is less than guideline maximum - Lender max LTV is 90%, subject LTV is 80%
1 - LTV/CLTV 10% or more below the maximum allowed under applicable guidelines / Compensating Factor 2 - Credit Score 30+ points > minimum required, applied to non material finding with comp factors QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
829758   C B C B A A A A Closed xxxxxx 2025-02-10 10:14 2025-02-27 10:02 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-Resolved dti with applied waiver. - Due Diligence Vendor-02/27/2025

Counter-Received taxes and Insurance for departing primary residence and amounts weer updated. Audited DTI of 50.04% exceeds Guideline DTI of 50% - Due Diligence Vendor-02/20/2025

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. DTI exceeds guide limits - Due Diligence Vendor-02/10/2025
  Resolved-Resolved dti with applied waiver. - Due Diligence Vendor-02/27/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - -1.5+ times residual income.

Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 660, borrower FICO is 810

LTV is less than guideline maximum - Lender max LTV is 90%, subject LTV is 80%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829779   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
829786   C A C A A A A A Closed xxxxxx 2025-02-10 15:18 2025-02-19 11:32 Resolved 1 - Information C A Credit Insurance Hazard Insurance Effective Date is after the Note Date Resolved-Received amended HOI reflecting effective dates xxxxxx.   - Due Diligence Vendor-02/19/2025
Open-Hazard Insurance Effective Date of xxxxxx is after the Note Date of xxxxxx - Due Diligence Vendor-02/10/2025
  Resolved-Received amended HOI reflecting effective dates xxxxxx.   - Due Diligence Vendor-02/19/2025
Qualifying FICO score is at least 20 points above minimum for program - 768 FICO with 700 min

Months Reserves exceed minimum required - 2.74 months reserves with 2 months min
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829837   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
829840   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
829844   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
829850   D B D B A A A A Closed xxxxxx 2025-02-25 09:36 2025-03-06 09:25 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Upon further review, the loan file contained all required coverage on hazard insurance policy. - Due Diligence Vendor-03/06/2025

Open-Insufficient Coverage Amount for Insured Subject Property. - Due Diligence Vendor-02/25/2025
  Resolved-Upon further review, the loan file contained all required coverage on hazard insurance policy. - Due Diligence Vendor-03/06/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO score 805 is 20+ points above 720 minimum

Months Reserves exceed minimum required - 79.13 months reserves exceed 12 month minimum required
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829850   D B D B A A A A Closed xxxxxx 2025-02-25 09:17 2025-03-06 09:22 Resolved 1 - Information D A Credit Missing Doc Evidence of Property Tax Missing Resolved-Received tax cert - Due Diligence Vendor-03/06/2025

Open-Missing Evidence of Property Tax - Due Diligence Vendor-02/25/2025
  Resolved-Received tax cert - Due Diligence Vendor-03/06/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO score 805 is 20+ points above 720 minimum

Months Reserves exceed minimum required - 79.13 months reserves exceed 12 month minimum required
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829850   D B D B A A A A Closed xxxxxx 2025-02-25 10:27 2025-02-25 14:50 Waived 2 - Non-Material C B Credit Eligibility Escrow waiver guidelines were not met Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/25/2025

Open-Exception for escrow waiver
 - Due Diligence Vendor-02/25/2025
  Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/25/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO score 805 is 20+ points above 720 minimum

Months Reserves exceed minimum required - 79.13 months reserves exceed 12 month minimum required
- Not HPML
- LTV<= 80%
- FICO 805>720 min
-12 mo reserves
-not in flood zone
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
829861   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
829863   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
829869   D B D B C B A A Closed xxxxxx 2025-02-12 08:48 2025-03-10 09:22 Cured 2 - Non-Material C B Compliance TRID Charges That Cannot Increase Test Cured-Received PCCD xxxxxx, evidence of refund to borrower or principal reduction in the amount of $125.00,, LOE and evidence of delivery to borrower - Due Diligence Vendor-03/10/2025
Counter-----Received tax certificate.  Fee that increased was HOA/Condo/Co-Op Questionnaire fee.  Please provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $125.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded. Uploading directly to Clarifii as the push from xxxxxx on 2/25 doesn't appear to have made it thru. - Buyer-03/03/2025
Counter-Excel document states see attached, no document attached. Received duplicate CD xxxxxx. Zero (0%) tolerance fees increased by $125.00 (Hoa/Condo/CoOp Questionnaire) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $125.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx - Due Diligence Vendor-03/03/2025
Counter-----Received duplicate CD xxxxxx.  Zero (0%) tolerance fees increased by $125.00 (Hoa/Condo/CoOp Questionnaire) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $125.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx. - Due Diligence Vendor-02/25/2025
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 $125.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $125.00 (Hoa/Condo/CoOp Questionnaire) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $125.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx. - Due Diligence Vendor-02/12/2025
  Cured-Received PCCD xxxxxx, evidence of refund to borrower or principal reduction in the amount of $125.00,, LOE and evidence of delivery to borrower - Due Diligence Vendor-03/10/2025
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 782; minimum required 660

Months Reserves exceed minimum required - Qualifying reserves 22 months; minimum required 6 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
829869   D B D B C B A A Closed xxxxxx 2025-02-12 14:08 2025-03-05 11:57 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received tax cert showing $0 balance. - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded. Uploading directly to xxxxxx  as the push from xxxxxx on 2/25 doesn't appear to have made it thru. - Seller-03/04/2025
Open-Property Title Issue Missing evidence taxes were paid current prior to closing. Prelim does not address and tax certification shows 60 days past due.  - Due Diligence Vendor-02/12/2025
Ready for Review-Document Uploaded. Uploading directly to xxxxxx.  as the push from xxxxxx on 2/25 doesn't appear to have made it thru. - Seller-03/04/2025
Resolved-Received tax cert showing $0 balance. - Due Diligence Vendor-03/05/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 782; minimum required 660

Months Reserves exceed minimum required - Qualifying reserves 22 months; minimum required 6 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
829869   D B D B C B A A Closed xxxxxx 2025-02-12 08:48 2025-02-25 10:24 Resolved 1 - Information C A Compliance TRID Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test Resolved-Received executed CD xxxxxx. Finding resolved. - Due Diligence Vendor-02/25/2025
Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. -----Missing Evidence borrower was in receipt of Cd issued xxxxxx.  - Due Diligence Vendor-02/12/2025
  Resolved-Received executed CD xxxxxx. Finding resolved. - Due Diligence Vendor-02/25/2025
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 782; minimum required 660

Months Reserves exceed minimum required - Qualifying reserves 22 months; minimum required 6 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
829869   D B D B C B A A Closed xxxxxx 2025-02-12 13:48 2025-02-25 09:24 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Executed 4506-T/4506-C is Missing Resolved-Received executed 4506C. - Due Diligence Vendor-02/25/2025

Open-Borrower 1 Executed 4506-T/4506-C is Missing. 4506 provided is not on the 4506-C form and has no tax years listed.  - Due Diligence Vendor-02/12/2025
  Resolved-Received executed 4506C. - Due Diligence Vendor-02/25/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 782; minimum required 660

Months Reserves exceed minimum required - Qualifying reserves 22 months; minimum required 6 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
829869   D B D B C B A A Closed xxxxxx 2025-02-14 09:28 2025-02-14 09:31 Waived 2 - Non-Material C B Credit Eligibility Condo project is ineligible Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/14/2025
Open-Single entity ownership of 54% (1 owner owns xxxxxx units)> max 20% Single entity ownership - Due Diligence Vendor-02/14/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/14/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 782; minimum required 660

Months Reserves exceed minimum required - Qualifying reserves 22 months; minimum required 6 months
LTV/CLTV 5% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
DTI <= 40% which is below requirement in guidelines
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated Investor Post-Close No xxxxxx
829869   D B D B C B A A Closed xxxxxx 2025-02-14 09:24 2025-02-14 09:30 Waived 2 - Non-Material C B Credit Eligibility Condo does not meet requirements Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/14/2025

Open-Investor concentration exceeds 60%. - Due Diligence Vendor-02/14/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/14/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 782; minimum required 660

Months Reserves exceed minimum required - Qualifying reserves 22 months; minimum required 6 months
LTV/CLTV 5% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
DTI <= 40% which is below requirement in guidelines
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated Investor Post-Close No xxxxxx
829872   D B D B A A A A Closed xxxxxx 2025-02-27 09:06 2025-03-06 15:47 Waived 2 - Non-Material D B Credit Missing Doc Borrower 1 Gap Credit Report is Missing Waived-Client granted an exception. Waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-03/24/2025

Open-Borrower 1 Gap Credit Report is Missing no Gap provided - Due Diligence Vendor-02/27/2025
  Waived-Client granted an exception. Waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-03/24/2025

Qualifying DTI below maximum allowed - Qualifying DTI 32.37% max 50%.

Months Reserves exceed minimum required - 7.57 months PITIA reserves; 3 months reserves required.
7.57 months of reserves
32.37% DTI ratio
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
829879   D A D A A A D A Closed xxxxxx 2025-02-18 12:19 2025-03-05 16:41 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Fraud Report. - Due Diligence Vendor-03/05/2025

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

Open-Missing Third Party Fraud Report Fraud Report missing  - Due Diligence Vendor-02/18/2025
Ready for Review-Document Uploaded.  - Seller-03/03/2025

Resolved-Received Fraud Report. - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - 21 months reserves exceed required 6

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 0.93
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829879   D A D A A A D A Closed xxxxxx 2025-02-18 11:50 2025-03-05 16:39 Resolved 1 - Information D A Credit Missing Doc Missing rent comparable schedule form 1007 Resolved-Received 1007 - Due Diligence Vendor-03/05/2025

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

Open-Provide the 1007  to support $2500 DSCR calculator since no Appraisal  - Due Diligence Vendor-02/18/2025
Ready for Review-Document Uploaded.  - Seller-03/03/2025

Resolved-Received 1007 - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - 21 months reserves exceed required 6

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 0.93
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829879   D A D A A A D A Closed xxxxxx 2025-02-18 12:07 2025-03-05 16:38 Resolved 1 - Information D A Property Missing Doc Appraisal is Missing Resolved-Received Appraisal - Due Diligence Vendor-03/05/2025

Ready for Review-see documents uploaded - Seller-03/03/2025

Open-Appraisal is Missing Missing Full appraisal and 1007 showing market rent, audit used lender's figure. - Due Diligence Vendor-02/18/2025
Ready for Review-see documents uploaded - Seller-03/03/2025

Resolved-Received Appraisal - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - 21 months reserves exceed required 6

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 0.93
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829879   D A D A A A D A Closed xxxxxx 2025-02-18 12:07 2025-03-05 16:38 Resolved 1 - Information D A Credit Missing Doc Purchase Contract is Missing Resolved-Received purchase contract. - Due Diligence Vendor-04/16/2025

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

Open-Loan Purpose is Purchase but Purchase Contract is Missing. Provide all the pages tot he purchase contract  - Due Diligence Vendor-02/18/2025
Ready for Review-Document Uploaded.  - Seller-03/03/2025

Resolved-Received purchase contract. - Due Diligence Vendor-04/16/2025

Months Reserves exceed minimum required - 21 months reserves exceed required 6

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 0.93
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829879   D A D A A A D A Closed xxxxxx 2025-02-18 12:07 2025-03-05 16:38 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Receive SSR with a CU score of 1. - Due Diligence Vendor-03/05/2025

Ready for Review-see appraisal documents - Seller-03/03/2025

Open-Additional valuation product has not been provided.  Provide the required Secondary Valuation, CU/LCA score 2.5 or less or desk review. - Due Diligence Vendor-02/18/2025
Ready for Review-see appraisal documents - Seller-03/03/2025

Resolved-Receive SSR with a CU score of 1. - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - 21 months reserves exceed required 6

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 0.93
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829899   D A D A A A A A Closed xxxxxx 2025-02-27 12:18 2025-03-07 09:16 Resolved 1 - Information D A Credit Missing Doc - Credit Business Purpose Affidavit/Disclosure Missing Resolved-Received Business Purpose Affidavit. - Due Diligence Vendor-03/07/2025

Open-The Business Purpose Affidavit Disclosure is Missing - Due Diligence Vendor-02/27/2025
  Resolved-Received Business Purpose Affidavit. - Due Diligence Vendor-03/07/2025

DSCR % greater than 1.20 - DSCR is 1.25

Qualifying FICO score is at least 20 points above minimum for program - FICO score of 768 is 20+ points above 640 minimum
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
829908   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
829945   B B B B A A A A Closed xxxxxx 2025-03-10 08:44 2025-04-16 13:10 Waived 2 - Non-Material B B Credit Eligibility Neighborhood Location Not Allowed for Program Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-04/16/2025
Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Appraisal indicates xxxxxx Property Address: Acreage xxxxxx acres < 2 acres ; xxxxxx comps over xxxxxx miles vs xxxxxx Property Ineligible.
Loan exception request/approval on file. - Due Diligence Vendor-03/10/2025
  Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-04/16/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 687; guidelines require 660.

Months Reserves exceed minimum required - 112 months reserves; 2 months reserves required.
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Reserves exceed requirement by 10 months or more
Credit Score 10 points > minimum required
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
829948   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
829952   D B D B A A A A Closed xxxxxx 2025-02-06 15:59 2025-02-21 10:37 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-02/21/2025

Counter-Assets provided were included in the review.  Post Close reserves are 1.49 months < 2 months minimum required.  Finding remains. - Due Diligence Vendor-02/20/2025

Open-Audited Reserves of 1.49 month(s) are less than Guideline Required Reserves of 2 month(s) - Due Diligence Vendor-02/06/2025
  Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-02/21/2025

On time mortgage history exceeds guideline requirement - 18 years on time

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 703; guidelines require 640.  
1 - 0x30 for 48 months on all mortgages
Credit Score 20 points > minimum required
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated Investor Post-Close No xxxxxx
829952   D B D B A A A A Closed xxxxxx 2025-02-10 10:32 2025-02-20 16:20 Resolved 1 - Information D A Credit Missing Doc Missing or Incomplete 1003 Resolved-Upon further review, the loan file contained documents to support a 2+ year residency. - Due Diligence Vendor-02/20/2025

Open-Missing two year residency history. - Due Diligence Vendor-02/10/2025
  Resolved-Upon further review, the loan file contained documents to support a 2+ year residency. - Due Diligence Vendor-02/20/2025

On time mortgage history exceeds guideline requirement - 18 years on time

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 703; guidelines require 640.  
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
829952   D B D B A A A A Closed xxxxxx 2025-02-06 15:29 2025-02-20 16:12 Resolved 1 - Information C A Credit Insurance Flood Insurance Expiration Date is before the Note Date Resolved-Received complete Flood Policy. - Due Diligence Vendor-02/20/2025
Open-Flood Insurance Expiration Date of xxxxxx is prior to the Note Date of xxxxxx Missing Current Flood Insurance.  Flood Insurance Renewal Premium provided expires on xxxxxx. - Due Diligence Vendor-02/06/2025
  Resolved-Received complete Flood Policy. - Due Diligence Vendor-02/20/2025

On time mortgage history exceeds guideline requirement - 18 years on time

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 703; guidelines require 640.  
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
829952   D B D B A A A A Closed xxxxxx 2025-02-10 10:46 2025-02-20 16:12 Resolved 1 - Information D A Credit Missing Doc Flood Insurance Policy Partially Provided Resolved-Received complete Flood Policy. - Due Diligence Vendor-02/20/2025

Open-Flood Insurance Policy Partially Provided Missing effective date of policy with a premium amount that matches the settlement statement.  Only an invoice was provided.  The annual premium provided equates to a lower monthly amount than what appears on the settlement statement.  Premium to be adjusted upon receipt and may affect DSCR. - Due Diligence Vendor-02/10/2025
  Resolved-Received complete Flood Policy. - Due Diligence Vendor-02/20/2025

On time mortgage history exceeds guideline requirement - 18 years on time

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 703; guidelines require 640.  
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
829952   D B D B A A A A Closed xxxxxx 2025-02-10 10:46 2025-02-20 16:12 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Received complete HOI policy. - Due Diligence Vendor-02/20/2025

Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing actual active policy with a premium amount that matches the settlement statement.  The annual premium provided equates to a lower monthly amount than what appears on the settlement statement.  Only a binder was provided.  Premium to be adjusted upon receipt and may affect DSCR. - Due Diligence Vendor-02/10/2025
  Resolved-Received complete HOI policy. - Due Diligence Vendor-02/20/2025

On time mortgage history exceeds guideline requirement - 18 years on time

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 703; guidelines require 640.  
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
829961   D B D B C A A A Closed xxxxxx 2025-02-28 14:42 2025-03-10 09:09 Resolved 1 - Information D A Credit Missing Doc Title Document is Incomplete Resolved-Received preliminary title reflecting coverage amount. - Due Diligence Vendor-03/10/2025

Open-Title Document is Incomplete Missing title supplement with insured loan amount - Due Diligence Vendor-02/28/2025
  Resolved-Received preliminary title reflecting coverage amount. - Due Diligence Vendor-03/10/2025

LTV is less than guideline maximum - 80% LTV is less than 90% guideline maximum

Qualifying FICO score is at least 20 points above minimum for program - 728 FICO; 680 required
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829961   D B D B C A A A Closed xxxxxx 2025-02-28 15:27 2025-03-04 09:19 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-Client provided a waiver for less than 6 months required reserves, applied to non material finding with comp factors
 - Due Diligence Vendor-03/04/2025
Open-Audited Reserves of 5.57 month(s) are less than Guideline Required Reserves of 6 month(s)  Reserves of 5.57 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-02/28/2025
  Waived-Client provided a waiver for less than 6 months required reserves, applied to non material finding with comp factors
 - Due Diligence Vendor-03/04/2025
LTV is less than guideline maximum - 80% LTV is less than 90% guideline maximum

Qualifying FICO score is at least 20 points above minimum for program - 728 FICO; 680 required
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
829961   D B D B C A A A Closed xxxxxx 2025-02-27 13:58 2025-02-28 17:11 Resolved 1 - Information C A Compliance TRID Lender Credits That Cannot Decrease Test Resolved-Upon further review meet guideline. No additional documentation required. - Due Diligence Vendor-04/16/2025
Open-This loan failed the lender credits that cannot decrease 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). The final sum of specific and non-specific lender credits ($1,421.20) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,795.20). Please see the 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). Lender credit decreased from $1795.20 to $1421.20 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $374, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-02/27/2025
  Resolved-Upon further review meet guideline. No additional documentation required. - Due Diligence Vendor-04/16/2025

LTV is less than guideline maximum - 80% LTV is less than 90% guideline maximum

Qualifying FICO score is at least 20 points above minimum for program - 728 FICO; 680 required
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829973   B A A A B A A A Closed xxxxxx 2025-03-21 09:31 2025-03-25 12:48 Resolved 1 - Information B A Compliance State Reg NY Subprime Loan Test Resolved-APR on subject loan of 7.663% is within allowable threshold of APOR of 6.93% + 1.75% or 8.68%.- condition resolved. - Due Diligence Vendor-03/25/2025

Open-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR Compliant NY Subprime- APR on subject loan of 7.663% is within allowable threshold of APOR of 6.93% + 1.75% or 8.68%. - Due Diligence Vendor-03/21/2025
  Resolved-APR on subject loan of 7.663% is within allowable threshold of APOR of 6.93% + 1.75% or 8.68%.- condition resolved. - Due Diligence Vendor-03/25/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 761

Months Reserves exceed minimum required - Minimum reserves are 6 months, Borrower has 203.01 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
829978   B B A A B B A A Closed xxxxxx 2025-02-06 09:50 2025-02-06 09:59 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-02/06/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-02/06/2025

Qualifying FICO score is at least 20 points above minimum for program - 755 > 720

CLTV is less than guidelines maximum - 60.68% < 80% allowed
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
829984   D A D A A A A A Closed xxxxxx 2025-03-06 13:44 2025-03-07 15:57 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-No required due to new guideline overlay - Due Diligence Vendor-03/07/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-03/07/2025
  Resolved-No required due to new guideline overlay - Due Diligence Vendor-03/07/2025

Months Reserves exceed minimum required - 12.25 months reserves exceed required 6 by 6.25 months.

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 746 is higher than the required 680
  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
829991   B B B B A A A A Closed xxxxxx 2025-02-03 16:19 2025-02-03 17:55 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/03/2025

Open-Audited FICO of 715 is less than Guideline FICO of 720 Lender Exception Granted and in file:  Credit score is 715, current guidelines minimum is 720 for FL properties. - Due Diligence Vendor-02/03/2025
  Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/03/2025

Qualifying DTI below maximum allowed - Lender max DTI 50%, borrower DTI is 11.34%

CLTV is less than guidelines maximum - Lender max CLTV is 80%, subject CLTV is 63.51%
11.34% DTI
46.74/63.52% LTV/CLTV
8 yrs on job
9 yrs at present address
0x30x84 mtg history
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
829996   C A C A A A A A Closed xxxxxx 2025-02-24 13:10 2025-03-05 16:49 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received primary residence 1st lien fixed rate Note. - Due Diligence Vendor-03/05/2025

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

Open-Housing History Does Not Meet Guideline Requirements- per Guides we need copy of Note for the Primary Residence. - Due Diligence Vendor-02/24/2025
Ready for Review-Document Uploaded.  - Seller-03/03/2025

Resolved-Received primary residence 1st lien fixed rate Note. - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - 8.59 months PITIA reserves; 6 months reserves required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is > 1.0 with min required of 0
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
829996   C A C A A A A A Closed xxxxxx 2025-02-24 13:11 2025-03-05 16:48 Resolved 1 - Information C A Credit Debt No evidence of required debt payoff Resolved-Received Payoff Statement. - Due Diligence Vendor-03/05/2025

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

Open-Please provide Payoff statement that reflects late fees, deferred balance, or delinquent interest are subject to
housing history and/or credit event criteria - Due Diligence Vendor-02/24/2025
Ready for Review-Document Uploaded.  - Seller-03/03/2025

Resolved-Received Payoff Statement. - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - 8.59 months PITIA reserves; 6 months reserves required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is > 1.0 with min required of 0
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830006   D A D A A A A A Closed xxxxxx 2025-03-06 10:41 2025-03-19 11:24 Resolved 1 - Information C A Credit Closing Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) Resolved-Received confirmation UDM active monitoring with no new findings. - Due Diligence Vendor-03/19/2025
Counter-UDM provided last scored on date is 01/31/2025 which is not within 10 days.  - Due Diligence Vendor-03/17/2025
Counter-Client Comments - Per xxxxxx UDM is still currently monitoring for any new debt/inquiries. So, the gap credit did not expire from closing/settlement date. AUDIT RESPONSE - The UDM in file was still monitoring however it is dated  01/31/2025.  Please provide a UDM dated within 10 days.  - Due Diligence Vendor-03/12/2025
Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). UDM is more than 10 days from closing date of xxxxxx. - Due Diligence Vendor-03/06/2025
  Resolved-Received confirmation UDM active monitoring with no new findings. - Due Diligence Vendor-03/19/2025

Months Reserves exceed minimum required - Verified assets of 13.05 months reserves exceed the minimum required of 6 months

LTV is less than guideline maximum - Guidelines allow LTV to 80%.  Subject loan LTV is 61.04%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830006   D A D A A A A A Closed xxxxxx 2025-03-06 11:11 2025-03-17 11:27 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-Received lease agreement confirming the borrower is not responsible.  - Due Diligence Vendor-03/17/2025

Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing rental history for borrower.  Appears B1 living rent free with spouse,  Missing LOE to confirm  - Due Diligence Vendor-03/06/2025
  Resolved-Received lease agreement confirming the borrower is not responsible.  - Due Diligence Vendor-03/17/2025

Months Reserves exceed minimum required - Verified assets of 13.05 months reserves exceed the minimum required of 6 months

LTV is less than guideline maximum - Guidelines allow LTV to 80%.  Subject loan LTV is 61.04%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830017   C A C A A A A A Closed xxxxxx 2025-02-06 12:40 2025-04-14 13:18 Resolved 1 - Information C A Credit Eligibility Calculated DSCR does not meet the Minimum DSCR allowed Resolved-utilizing the lower of market rents or leases, the DSCR was 1.246. - Due Diligence Vendor-02/22/2025

Open-The Calculated DSCR of '0.989' is less than the minimum DSCR per lender guidelines of '1'. Calculated DSCR of 0.989 rounded to 1.0 - Due Diligence Vendor-02/06/2025
  Resolved-utilizing the lower of market rents or leases, the DSCR was 1.246. - Due Diligence Vendor-02/22/2025

Months Reserves exceed minimum required - 87mos reserves. Per guides, 6 reserves required.

Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 720. Per guides, minimum score required 768.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830035   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830046   D B D A C B A A Closed xxxxxx 2025-02-19 11:06 2025-02-25 11:19 Resolved 1 - Information C A Compliance TRID TRID: CD not delivered at least 3 days prior to consummation Resolved-Received CD xxxxxx and evidence of receipt xxxxxx. Finding resolved. - Due Diligence Vendor-04/16/2025
Ready for Review-Document Uploaded. upload CD dated xxxxxx :) xxxxxx - Seller-02/24/2025
Ready for Review-Received acknowledgement of CD on xxxxxx, missing corresponding CD for testing. - Due Diligence Vendor-02/24/2025
Ready for Review-Document Uploaded. xxxxxx please see attached for CD acknowledged xxxxxx :) - Seller-02/21/2025
Open-Missing initial CD acknowledged by borrower a minimum of 3 days prior to consummation
 - Due Diligence Vendor-02/19/2025
Ready for Review-Document Uploaded. upload CD dated xxxxxx :) xxxxxx - Seller-02/24/2025
 Ready for Review-Document Uploaded. xxxxxx please see attached for CD acknowledged xxxxxx :) - Seller-02/21/2025
Resolved-Received CD xxxxxx and evidence of receipt xxxxxx. Finding resolved. - Due Diligence Vendor-04/16/2025
Qualifying DTI below maximum allowed - DTI of 36.56% is below 50% maximum allowed

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income $25216.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830046   D B D A C B A A Closed xxxxxx 2025-02-20 14:33 2025-02-24 10:54 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report Partially Provided Resolved-Received SSV - Due Diligence Vendor-02/24/2025
Ready for Review-Document Uploaded. 1) The CD was sent on xxxxxx. It is not required to be signed. Presumed received date is xxxxxx. Note is dated xxxxxx and borrower signed loan docs on xxxxxx.
2) The SS is verified with the SS Verification form which is in the file.
 - Seller-02/21/2025
Open-Third Party Fraud Report Partially Provided Missing verification of social security number (alert on report shows "cleared" but no supporting documentation provided) - Due Diligence Vendor-02/20/2025
Ready for Review-Document Uploaded. 1) The CD was sent on xxxxxx. It is not required to be signed. Presumed received date is xxxxxx. Note is dated xxxxxx and borrower signed loan docs on xxxxxx.
2) The SS is verified with the SS Verification form which is in the file.
 - Seller-02/21/2025
Resolved-Received SSV - Due Diligence Vendor-02/24/2025

Qualifying DTI below maximum allowed - DTI of 36.56% is below 50% maximum allowed

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income $25216.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830046   D B D A C B A A Closed xxxxxx 2025-02-19 10:51 2025-02-19 10:51 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing - Due Diligence Vendor-02/19/2025   Waived-Required Affiliated Business Disclosure Missing - Due Diligence Vendor-02/19/2025

Qualifying DTI below maximum allowed - DTI of 36.56% is below 50% maximum allowed

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income $25216.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Originator Post-Close No xxxxxx
830099   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830109   D B D B A A A A Closed xxxxxx 2025-02-20 10:08 2025-03-06 12:16 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-invoice indicates a premium of $627 and a $199 Non-Recurring agency fee. - Due Diligence Vendor-03/06/2025
Counter-Received invoice for HO6-annual policy premium reflects as $627-escrow of $68.84 appears to include $199 Non-Recurring agency fee.   - Due Diligence Vendor-03/03/2025
Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing HO-6 policy that reflects premium amount that matches the amount collected on Final CD - Due Diligence Vendor-02/20/2025
  Resolved-invoice indicates a premium of $627 and a $199 Non-Recurring agency fee. - Due Diligence Vendor-03/06/2025

LTV is less than guideline maximum - LTV 51.88% LTV. Allowed 75%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 734; guidelines require 700.  
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830109   D B D B A A A A Closed xxxxxx 2025-02-18 14:52 2025-03-06 12:14 Resolved 1 - Information D A Credit Missing Doc Condo Master Insurance Policy is Missing Resolved-condo master provided for xxxxxx and xxxxxx - Due Diligence Vendor-03/06/2025
Counter-Received Master Insurance Policy-effective date xxxxxx-disbursement date was xxxxxx-provide Master policy effective on or prior to disbursement date.  - Due Diligence Vendor-03/03/2025
Open-Missing Condo Master Insurance Policy - Due Diligence Vendor-02/18/2025
  Resolved-condo master provided for xxxxxx and xxxxxx - Due Diligence Vendor-03/06/2025
LTV is less than guideline maximum - LTV 51.88% LTV. Allowed 75%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 734; guidelines require 700.  
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830109   D B D B A A A A Closed xxxxxx 2025-02-20 10:28 2025-02-20 10:29 Waived 2 - Non-Material B B Credit Eligibility Condo does not meet requirements Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/20/2025

Open-EXCEPTIONS in file:  Investor concentration is greater than 60%; Single entity ownership is greater than 25%
 - Due Diligence Vendor-02/20/2025
  Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/20/2025

LTV is less than guideline maximum - LTV 51.88% LTV. Allowed 75%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 734; guidelines require 700.  
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Reserves exceed requirement by 10 months or more
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830115   C A C A A A A A Closed xxxxxx 2025-02-05 15:33 2025-03-05 07:43 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Audited LTV of 72.45% is less than or equal to Guideline LTV of 75%.  Taxes updated per new tax search. - Due Diligence Vendor-03/05/2025
Ready for Review-3/4/25 - Revised 1st payment letter.  It appears the Lender has RE taxes incorrectly listed on prior Lender LOE as $386.32/mo.  Lender provided a tax cert to show millage rate of 1.889.  Factoring purchase price of $xxxxxxk x1.889 / 100 = $4155.80 / 12 = $xxxxxx/mo taxes.  Adding this to the IO, HOI and HOA results in a monthly payment of $1489.36/mo.  Market rent determined at $1500/mo should get us a DSCR over 1. - Buyer-03/04/2025
Counter-Received revised taxes ( need a revised first payment letter and PCCD with corrected taxes). However rent divided by PITI = .94 DSCR $1,500/$1,539.70 - Due Diligence Vendor-02/18/2025
Open-Audited LTV of 72.45% exceeds Guideline LTV of 65% DSCR less than 1 max LTV is 65%  - Due Diligence Vendor-02/05/2025
  Resolved-Audited LTV of 72.45% is less than or equal to Guideline LTV of 75%.  Taxes updated per new tax search. - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - 29 months reserves; 6 months reserves required.   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830121   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
830128   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830140   D A D A A A A A Closed xxxxxx 2025-02-26 12:56 2025-03-10 11:16 Resolved 1 - Information D A Credit Missing Doc PUD Rider is Missing Resolved-PUD rider verbiage is included int he mortgage document. - Due Diligence Vendor-03/10/2025

Open-PUD Rider is Missing PUD per appraisal, rider is required. - Due Diligence Vendor-02/26/2025
  Resolved-PUD rider verbiage is included int he mortgage document. - Due Diligence Vendor-03/10/2025

LTV is less than guideline maximum - LTV 45% LTV. Allowed 75%

Months Reserves exceed minimum required - 16 months reserves; 6 months reserves required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830160   C A C A A A A A Closed xxxxxx 2025-02-27 17:30 2025-04-15 13:17 Resolved 1 - Information C A Credit QM-ATR ATR: The Lender did not document all ATR Factors Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-03/03/2025

Open-ATR: The Lender did not document all ATR Factors Asset depletion program requires most recent six months of consecutive asset statements to verify stable balance history.  Only two months of each account considered were provided. - Due Diligence Vendor-02/27/2025
  Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-03/03/2025

Qualifying FICO score is at least 20 points above minimum for program - 798 > 660

LTV is less than guideline maximum - 31.58% < 90% max
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
830160   C A C A A A A A Closed xxxxxx 2025-02-27 17:30 2025-04-15 13:17 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-03/03/2025

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Asset depletion program requires most recent six months of consecutive asset statements to verify stable balance history.  Only two months of each account considered were provided. - Due Diligence Vendor-02/27/2025
  Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-03/03/2025

Qualifying FICO score is at least 20 points above minimum for program - 798 > 660

LTV is less than guideline maximum - 31.58% < 90% max
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
830160   C A C A A A A A Closed xxxxxx 2025-02-27 17:15 2025-03-03 15:54 Resolved 1 - Information C A Credit Income/Employment Income documentation does not meet guidelines Resolved-Statements used for assets depletion 12-month and 9-month statements. - Due Diligence Vendor-03/03/2025

Open-Asset depletion program requires most recent six months of consecutive asset statements to verify stable balance history.  Only two months of each account considered were provided. - Due Diligence Vendor-02/27/2025
  Resolved-Statements used for assets depletion 12-month and 9-month statements. - Due Diligence Vendor-03/03/2025

Qualifying FICO score is at least 20 points above minimum for program - 798 > 660

LTV is less than guideline maximum - 31.58% < 90% max
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
830163   C A C A A A A A Closed xxxxxx 2025-03-07 09:09 2025-03-12 11:03 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Received HOI with extended coverage which is sufficient. - Due Diligence Vendor-03/12/2025

Open-Insufficient Coverage Amount for Insured Subject Property. - Due Diligence Vendor-03/07/2025
  Resolved-Received HOI with extended coverage which is sufficient. - Due Diligence Vendor-03/12/2025

Qualifying DTI below maximum allowed - Max DTI 50% / Borrower DTI 44.2%


Months Reserves exceed minimum required - 6 month reserves required / Borrower reserves 10.98 mos (w/o using cash back proceeds)
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830170   D A D A A A A A Closed xxxxxx 2025-02-12 13:37 2025-02-18 12:18 Resolved 1 - Information D A Credit Missing Doc Borrower 2 3rd Party VOE Prior to Close Missing Resolved-Paystub provided dated 1/16/25, within 30 days of closing. - Due Diligence Vendor-02/18/2025

Open-Borrower 2 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-02/12/2025
  Resolved-Paystub provided dated xxxxxx. , within 30 days of closing. - Due Diligence Vendor-02/18/2025
Verified employment history exceeds guidelines - The B1 has been Self Employed for 29 years.

CLTV is less than guidelines maximum - 64.99% < 75% max
  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
830171   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
830172   C B C B A A A A Closed xxxxxx 2025-02-11 16:38 2025-02-13 09:27 Waived 2 - Non-Material C B Credit Eligibility Builder in Control of the HOA Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/13/2025

Open-Builder is in control of HOA Lender exception in file for project developer in control of association. NOTE subject phase 50% (4total and 1 sold NOO) - Due Diligence Vendor-02/11/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/13/2025

Months Reserves exceed minimum required - Verified assets of 55 months reserves exceed the minimum required of 2 months

DSCR % greater than 1.20 - DSCR = 1.341
DSCR > 1.15
LTV 10% or more below maximum 
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830189   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830222   D B C A D B A A Closed xxxxxx 2025-01-30 11:36 2025-02-04 16:55 Waived 2 - Non-Material D B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-SPL provided and shows title company is not an affiliate. Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/04/2025
Counter-Received WSSPL, please provide Affiliated Business Disclosure. - Due Diligence Vendor-02/04/2025
Ready for Review-Document Uploaded. please see WSSPL - Seller-01/31/2025
Open-Required Affiliated Business Disclosure Missing -----Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt. - Due Diligence Vendor-01/30/2025
Ready for Review-Document Uploaded. please see xxxxxx.  - Seller-01/31/2025
Waived-SPL provided and shows title company is not an affiliate. Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/04/2025

Qualifying DTI below maximum allowed - 42.88% DTI ratio, 49.99% max allowed.

Qualifying FICO score is at least 20 points above minimum for program - 774 qualifying FICO score, 680 minimum score required.
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
830222   D B C A D B A A Closed xxxxxx 2025-01-31 16:45 2025-02-04 14:46 Resolved 1 - Information C A Credit Eligibility Loan does not conform to program guidelines Resolved-The QM Points and Fees Threshold is now showing as No.  - Due Diligence Vendor-02/04/2025
Ready for Review-The Loan Discount Fee is Sec 32 bona fide; therefore, we may remove the discount points from the QM points and fees and the total came out to be $12,944.00 - Seller-02/04/2025
Counter-Reviewed Points and fees are $13,797.25 > $13,670.90 maximum allowed. - Due Diligence Vendor-02/04/2025
Ready for Review-Document Uploaded. Per audit worksheet, the QM Points and Fees passed. - Seller-01/31/2025
Open-Subject loan is HPML per lender guidelines QM Points and Fees audit must pass.  Subject loan QM Points and Fees exceed guidelines.   - Due Diligence Vendor-01/31/2025
Ready for Review-The Loan Discount Fee is Sec 32 bona fide; therefore, we may remove the discount points from the QM points and fees and the total came out to be $12,944.00 - Seller-02/04/2025

 Ready for Review-Document Uploaded. Per audit worksheet, the QM Points and Fees passed. - Seller-01/31/2025

Resolved-The QM Points and Fees Threshold is now showing as No.  - Due Diligence Vendor-02/04/2025

Qualifying DTI below maximum allowed - 42.88% DTI ratio, 49.99% max allowed.

Qualifying FICO score is at least 20 points above minimum for program - 774 qualifying FICO score, 680 minimum score required.
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830222   D B C A D B A A Closed xxxxxx 2025-01-31 16:16 2025-02-04 11:50 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-Received tax preparer letter stating a business listing is not required for the nature of the business. - Due Diligence Vendor-02/04/2025
Ready for Review-Document Uploaded. Per CPA letter, business phone number is not required to be listed in public. - Seller-01/31/2025
Open-Missing verification of business phone number.  Per guidelines business phone number must be verifiable via xxxxxx, 411.com or internet - Due Diligence Vendor-01/31/2025
Ready for Review-Document Uploaded. Per CPA letter, business phone number is not required to be listed in public. - Seller-01/31/2025

Resolved-Received tax preparer letter stating a business listing is not required for the nature of the business. - Due Diligence Vendor-02/04/2025

Qualifying DTI below maximum allowed - 42.88% DTI ratio, 49.99% max allowed.

Qualifying FICO score is at least 20 points above minimum for program - 774 qualifying FICO score, 680 minimum score required.
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830233   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
830247   C A C A A A A A Closed xxxxxx 2025-03-03 13:54 2025-03-10 09:05 Resolved 1 - Information C A Credit Eligibility File does not contain LOX for credit inquiries Resolved-Received credit inquiry letter. - Due Diligence Vendor-03/10/2025

Open-LOX for credit inquiries is missing.  Missing LOE for credit inquiries. - Due Diligence Vendor-03/03/2025
  Resolved-Received credit inquiry letter. - Due Diligence Vendor-03/10/2025

Months Reserves exceed minimum required - Verified assets of 119.37 months reserves exceed the minimum required of 6 months

Qualifying DTI below maximum allowed - DTI of 36.08% is less than the maximum allowed per guidelines of 50%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830256   C B C B B B A A Closed xxxxxx 2025-02-11 19:43 2025-03-24 10:18 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-Client provided a waiver reserves less than 6 months required applied to non material finding with comp factors
 - Due Diligence Vendor-03/24/2025
Open-Audited Reserves of 3.73 month(s) are less than Guideline Required Reserves of 6 month(s) Missing evidence of sufficient assets to meet 6 months minimum required.  - Due Diligence Vendor-02/12/2025
  Waived-Client provided a waiver reserves less than 6 months required applied to non material finding with comp factors
 - Due Diligence Vendor-03/24/2025
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $6,655.10 Min $3500

Qualifying FICO score is at least 20 points above minimum for program - FICO: 727 Min 660
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
830256   C B C B B B A A Closed xxxxxx 2025-02-11 19:04 2025-03-20 13:45 Resolved 1 - Information C A Credit Eligibility Property Does Not Meet Guidelines (credit) Resolved-Picture provided confirm installation of the xxxxxx. - Due Diligence Vendor-03/20/2025
Counter-E-mail chain provided, however the photo is not of the installed appliances. Finding remains.   - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded. See attached picture showing xxxxxx installed. - Seller-03/19/2025
Counter-Received LOE confirming no relationship to appraiser.  Still pending:  (1) Completion status as is; photos show xxxxxx not installed;  - Due Diligence Vendor-03/06/2025
Open-Property Issues are identified for the property (1) Completion status as is; photos show xxxxxx not installed; (2) Appraiser (xxxxxx) has same last name as one of borrower's gift funds donors (xxxxxx, cousin).   - Due Diligence Vendor-02/12/2025
Ready for Review-Document Uploaded. See attached picture showing xxxxxx installed. - Seller-03/19/2025
Resolved-Picture provided confirm installation of the xxxxxx. - Due Diligence Vendor-03/20/2025
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $6,655.10 Min $3500

Qualifying FICO score is at least 20 points above minimum for program - FICO: 727 Min 660
  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
830256   C B C B B B A A Closed xxxxxx 2025-02-13 10:45 2025-02-26 10:04 Waived 2 - Non-Material C B Credit Eligibility Builder in Control of the HOA Waived-Client provided a waiver for builder in control, applied to non material finding with comp factors - Due Diligence Vendor-02/26/2025

Open-Builder is in control of HOA Exception in the file - Page 1
 - Due Diligence Vendor-02/13/2025
  Waived-Client provided a waiver for builder in control, applied to non material finding with comp factors - Due Diligence Vendor-02/26/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $6,655.10 Min $3500

Qualifying FICO score is at least 20 points above minimum for program - FICO: 727 Min 660
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
Residual income more than 2x the amount required by guidelines.
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
830256   C B C B B B A A Closed xxxxxx 2025-02-11 19:43 2025-02-26 10:03 Waived 2 - Non-Material C B Credit Eligibility Audited DTI Exceeds Guideline DTI Waived-Client provided a waiver DTI, applied to non material finding with comp factors - Due Diligence Vendor-02/26/2025

Open-Audited DTI of 47.34% exceeds Guideline DTI of 43% EXCEPTION: FTHB w/45+% DTI & HOA not turned over - Due Diligence Vendor-02/12/2025
  Waived-Client provided a waiver DTI, applied to non material finding with comp factors - Due Diligence Vendor-02/26/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $6,655.10 Min $3500

Qualifying FICO score is at least 20 points above minimum for program - FICO: 727 Min 660
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
Residual income more than 2x the amount required by guidelines.
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
830256   C B C B B B A A Closed xxxxxx 2025-02-11 10:37 2025-02-18 10:05 Resolved 1 - Information B A Compliance State Reg NY Subprime Loan Test Resolved-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR Compliant NY Subprime- APR on subject loan of 7.966% is within allowable threshold of APOR of 6.98% + 1.75% or 8.73%. - Due Diligence Vendor-04/25/2025
Open-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR Compliant NY Subprime- APR on subject loan of 7.966% is within allowable threshold of APOR of 6.98% + 1.75% or 8.73%.    - Due Diligence Vendor-02/11/2025
  Resolved-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR Compliant NY Subprime- APR on subject loan of 7.966% is within
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $6,655.10 Min $3500

Qualifying FICO score is at least 20 points above minimum for program - FICO: 727 Min 660
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
830256   C B C B B B A A Closed xxxxxx 2025-02-11 09:33 2025-02-11 09:33 Waived 2 - Non-Material B B Compliance Missing Doc Home Loan Toolkit is Missing Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-02/11/2025   Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-02/11/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $6,655.10 Min $3500

Qualifying FICO score is at least 20 points above minimum for program - FICO: 727 Min 660
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
830256   C B C B B B A A Closed xxxxxx 2025-02-11 09:33 2025-02-11 09:33 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-02/11/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-02/11/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $6,655.10 Min $3500

Qualifying FICO score is at least 20 points above minimum for program - FICO: 727 Min 660
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
830262   D A D A A A A A Closed xxxxxx 2025-02-19 13:42 2025-03-05 17:02 Resolved 1 - Information D A Credit Missing Doc PUD Rider is Missing Resolved-Received PUD Rider - Due Diligence Vendor-03/05/2025

Ready for Review-Document Uploaded.  - Seller-03/04/2025

Open-PUD Rider is Missing Appraisal, Title and Purchase Contract all indicate PUD/HOA - Due Diligence Vendor-02/19/2025
Ready for Review-Document Uploaded.  - Seller-03/04/2025

Resolved-Received PUD Rider - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - Reserves = 48 months – Required Reserves = 6 Months

Long term residence - Long Term Residence = 14 years
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830262   D A D A A A A A Closed xxxxxx 2025-02-19 13:42 2025-03-05 17:02 Resolved 1 - Information D A Credit Missing Doc Rider Missing based on Property Type selected Resolved-Received PUD Rider - Due Diligence Vendor-03/05/2025

Ready for Review-Document Uploaded.  - Seller-03/04/2025

Open-Rider Missing from DOT screen based on Property Type selected on Property Page.  No PUD rider - Due Diligence Vendor-02/19/2025
Ready for Review-Document Uploaded.  - Seller-03/04/2025

Resolved-Received PUD Rider - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - Reserves = 48 months – Required Reserves = 6 Months

Long term residence - Long Term Residence = 14 years
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830301   D B D B A A D A Closed xxxxxx 2025-02-14 14:23 2025-03-06 09:57 Waived 2 - Non-Material D B Credit Eligibility Second Appraisal is Missing Waived--Client exception granted to accept 1 Full Appraisal and Desk Review that supports value. Waiver applied to non-material finding. - Due Diligence Vendor-03/06/2025

Open-Second full appraisal required due to Loan amount > $2 million - Due Diligence Vendor-02/14/2025
  Waived--Client exception granted to accept 1 Full Appraisal and Desk Review that supports value. Waiver applied to non-material finding. - Due Diligence Vendor-03/06/2025

Months Reserves exceed minimum required - 34  months reserves; 6 months reserves required.

DSCR % greater than 1.20 - DSCR 1.947. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830301   D B D B A A D A Closed xxxxxx 2025-03-05 13:44 2025-03-05 13:46 Resolved 1 - Information D A Credit Missing Doc - Credit Missing Appraisal Resolved--Appraisal provided. - Due Diligence Vendor-03/05/2025

Open--Missing Second Full Appraisal as required by guidelines.  - Due Diligence Vendor-03/05/2025
  Resolved--Appraisal provided. - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - 34  months reserves; 6 months reserves required.

DSCR % greater than 1.20 - DSCR 1.947. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830301   D B D B A A D A Closed xxxxxx 2025-02-13 16:24 2025-02-24 09:08 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Received RCE confirming coverage acceptable.   - Due Diligence Vendor-02/24/2025

Open-Insufficient Coverage Amount for Insured Subject Property. - Due Diligence Vendor-02/13/2025
  Resolved-Received RCE confirming coverage acceptable.   - Due Diligence Vendor-02/24/2025

Months Reserves exceed minimum required - 34  months reserves; 6 months reserves required.

DSCR % greater than 1.20 - DSCR 1.947. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830301   D B D B A A D A Closed xxxxxx 2025-02-14 14:22 2025-02-21 15:13 Resolved 1 - Information D A Property Missing Doc Appraisal is Missing Resolved-Received Pri ary Appraisal. See open finding for second appraisal on loan amounts over xxxxxx. - Due Diligence Vendor-02/21/2025
Open-Appraisal is Missing - Due Diligence Vendor-02/14/2025
  Resolved-Received Pri ary Appraisal. See open finding for second appraisal on loan amounts over xxxxxx. - Due Diligence Vendor-02/21/2025
Months Reserves exceed minimum required - 34  months reserves; 6 months reserves required.

DSCR % greater than 1.20 - DSCR 1.947. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830302   C B C A C B A A Closed xxxxxx 2025-03-03 13:29 2025-03-17 15:44 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Received complete corrected Mortgage. - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded.  - Seller-03/13/2025
Counter-Received corrected notary -please upload complete Mortgage with corrected signature page included. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. The attached was taken care of prior to funding. - Seller-03/06/2025
Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Borrower signed Mortgage on xxxxxx, notary date is xxxxxx. - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded.  - Seller-03/13/2025

 Ready for Review-Document Uploaded. The attached was taken care of prior to funding. - Seller-03/06/2025

Resolved-Received complete corrected Mortgage. - Due Diligence Vendor-03/17/2025

On time mortgage history exceeds guideline requirement - On Time Mortgage History = 39 Months       Required = 12 months

Qualifying FICO score is at least 20 points above minimum for program - FICO = 804     Min FICO = 680
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830302   C B C A C B A A Closed xxxxxx 2025-03-03 13:10 2025-03-07 15:01 Resolved 1 - Information C A Compliance TRID Lender Credits That Cannot Decrease Test Resolved-Received the COC for decrease. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/06/2025
Open-This loan failed the lender credits that cannot decrease 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). The final sum of specific and non-specific lender credits ($833.29) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,544.29). Please see the 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). ...Lender credit decreased from $1,544.29 to $833.29 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $711, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is xxxxxx - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded.  - Seller-03/06/2025

Resolved-Received the COC for decrease. - Due Diligence Vendor-03/07/2025

On time mortgage history exceeds guideline requirement - On Time Mortgage History = 39 Months       Required = 12 months

Qualifying FICO score is at least 20 points above minimum for program - FICO = 804     Min FICO = 680
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830302   C B C A C B A A Closed xxxxxx 2025-03-03 12:19 2025-03-03 14:32 Waived 2 - Non-Material B B Compliance Data Borrower 1 Final Signature Date is in the future Waived-Borrower 1 Final Signature Date is greater than the transaction date of xxxxxx Originator waiver applied to non-material findings. - Due Diligence Vendor-03/03/2025   Waived-Borrower 1 Final Signature Date is greater than the transaction date of xxxxxx Originator waiver applied to non-material findings. - Due Diligence Vendor-03/03/2025
On time mortgage history exceeds guideline requirement - On Time Mortgage History = 39 Months       Required = 12 months

Qualifying FICO score is at least 20 points above minimum for program - FICO = 804     Min FICO = 680
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
830306   B B A A B B A A Closed xxxxxx 2025-03-07 10:34 2025-03-07 10:34 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/07/2025   Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/07/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 685 is higher than 660 minimum required

Qualifying DTI below maximum allowed - DTI 39.56% is less than 49.99% max allowed 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
830321   D B D B A A A A Closed xxxxxx 2025-02-13 14:26 2025-02-18 12:23 Resolved 1 - Information D A Credit Missing Doc Missing Verification of Mortgage Resolved-The subject was purchase xxxxxx.  There is no prior housing history for the subject. - Due Diligence Vendor-02/18/2025
Open-Missing 12 month housing history for subject. Only provided 5 months and its not reported on credit report. - Due Diligence Vendor-02/13/2025
  Resolved-The subject was purchase xxxxxx.  There is no prior housing history for the subject. - Due Diligence Vendor-02/18/2025
Qualifying FICO score is at least 20 points above minimum for program - 734 score exceeds 680 minimum.

Months Reserves exceed minimum required - 18 months reserves exceeds 2 months required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830321   D B D B A A A A Closed xxxxxx 2025-02-12 10:10 2025-02-13 14:37 Waived 2 - Non-Material C B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/13/2025

Open-Housing History Does Not Meet Guideline Requirements Lender exception in file Living rent free. Housing history for the DSCR is required for the borrower's primary residence. - Due Diligence Vendor-02/12/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/13/2025

Qualifying FICO score is at least 20 points above minimum for program - 734 score exceeds 680 minimum.

Months Reserves exceed minimum required - 18 months reserves exceeds 2 months required.
-10+ reserves
-2 + properties over 11  years.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
830321   D B D B A A A A Closed xxxxxx 2025-02-13 14:22 2025-02-13 14:37 Waived 2 - Non-Material C B Credit Eligibility Loan does not conform to program guidelines Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/13/2025
Open-Lender exception in file to proceed with subject xxxxxx units with xxxxxx Accessory units, per guides: multiple accessory units are not permitted.
 - Due Diligence Vendor-02/13/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/13/2025

Qualifying FICO score is at least 20 points above minimum for program - 734 score exceeds 680 minimum.

Months Reserves exceed minimum required - 18 months reserves exceeds 2 months required.
-10+ reserves
-2 + properties over 11  years.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
830324   C A A A C A A A Closed xxxxxx 2025-02-05 13:13 2025-02-11 12:06 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Client Response: $685 is cured as listed in the lender credit section of the CD.  The $225.00 CA Affordable Housing fee is listed on the LE in the recording fees, this is not a cure.  Audit Response: LE reflects total recording fees of $416 and CD recording fees are less then that. Remainder of tolerance violation can be resolved with the lender credit of $685. Finding resolved.
 - Due Diligence Vendor-02/11/2025
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 $795.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Zero (0%) tolerance fees increased by $795 (CA Affordable housing and jobs and Appraisal Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $795, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.  There is a $685 lender credit for cure, but is not sufficient to cure finding. - Due Diligence Vendor-02/05/2025
  Resolved-Client Response: $685 is cured as listed in the lender credit section of the CD.  The $225.00 CA Affordable Housing fee is listed on the LE in the recording fees, this is not a cure.  Audit Response: LE reflects total recording fees of $416 and CD recording fees are less then that. Remainder of tolerance violation can be resolved with the lender credit of $685. Finding resolved.
 - Due Diligence Vendor-02/11/2025

On time mortgage history exceeds guideline requirement - 0x30 on time mortgage history on all properties 12+ years

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 715; minimum 680.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830328   D A D A A A A A Closed xxxxxx 2025-02-06 15:29 2025-03-17 16:37 Resolved 1 - Information D A Credit Missing Doc Condo Master Insurance Policy is Partial Resolved-Document Uploaded. Replacement cost estimate provided. - Due Diligence Vendor-03/17/2025
Counter-Please provide an RCE to confirm the coverage amount is sufficient to rebuild in the event of total loss.  - Due Diligence Vendor-03/17/2025
Ready for Review-We have HO6 coverage for walls in insurance.  Master policy has $ xxxxxx.  for coverage of just the building.    if we have 4 units, that is xxxxxx. per unit with walls in and content.   loan amount is  xxxxxx.  we have sufficient coverage for the loan amount.   please clear.  xxxxxx. - Buyer-03/14/2025
Counter-Received notes indicating building coverage of $xxxxxx.  on mater HOI-missing confirmation if sufficient OR confirmation of 100% replacement coverage. - Due Diligence Vendor-03/14/2025
Open-Condo Master Insurance Policy Partially Provided Unable to determine if blanket coverage is sufficient.  Guidelines require for 2-4 units evidence of sufficient hazard in the event of a total loss. - Due Diligence Vendor-02/06/2025
  Resolved-Document Uploaded. Replacement cost estimate provided. - Due Diligence Vendor-03/17/2025

Qualifying FICO score is at least 20 points above minimum for program - 751 Fico exceeds 700 minimum required.

LTV is less than guideline maximum - 69.56% LTV is less than 75% maximum.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830328   D A D A A A A A Closed xxxxxx 2025-02-06 16:13 2025-03-07 08:20 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Upon further review, no additional documentation is needed or required as deed reflects seller as sole shareholder - Due Diligence Vendor-03/07/2025

Open-Property Title Issue Provide the corporation documents for the Selling corporation so it can be verified there is no relationship between buyer and seller. Corporate status report and short form standing provided in file does not disclosure ownership, and review of opencorporates was inconclusive. - Due Diligence Vendor-02/06/2025
  Resolved-Upon further review, no additional documentation is needed or required as deed reflects seller as sole shareholder - Due Diligence Vendor-03/07/2025

Qualifying FICO score is at least 20 points above minimum for program - 751 Fico exceeds 700 minimum required.

LTV is less than guideline maximum - 69.56% LTV is less than 75% maximum.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830328   D A D A A A A A Closed xxxxxx 2025-02-06 16:25 2025-03-04 10:35 Resolved 1 - Information D A Credit Missing Doc Missing letter of explanation Resolved-Received CC&R. - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded. CC&R's show 25% of expenses. - Buyer-03/03/2025
Open-Subject property is a xxxxxx-unit xxxxxx with  no HOA; however, master policy has a premium of $10,013.95.  Missing confirmation of the amount for which borrower is responsible.  Audit included $208.62 monthly which is the monthly portion of 1/4 of the premium. - Due Diligence Vendor-02/06/2025
  Resolved-Received CC&R. - Due Diligence Vendor-03/04/2025

Qualifying FICO score is at least 20 points above minimum for program - 751 Fico exceeds 700 minimum required.

LTV is less than guideline maximum - 69.56% LTV is less than 75% maximum.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830329   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830330   D A D A A A C A Closed xxxxxx 2025-02-10 15:24 2025-02-12 10:59 Resolved 1 - Information D A Credit Missing Doc Missing or Incomplete 1003 Resolved-Received signed 1003. - Due Diligence Vendor-02/12/2025

Ready for Review-Document Uploaded.  - Buyer-02/11/2025

Open-Missing signed final 1003 - Due Diligence Vendor-02/10/2025
  Resolved-Received signed 1003. - Due Diligence Vendor-02/12/2025

Long term residence - 10 Years

Months Reserves exceed minimum required - 7.84 months PITIA reserves; 6 months reserves required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830330   D A D A A A C A Closed xxxxxx 2025-02-10 07:35 2025-02-11 11:05 Resolved 1 - Information C A Property Property FEMA disaster declared within 120 days of Note Resolved-Comment regarding disaster on page 973 of the loan file. - Due Diligence Vendor-02/11/2025
Open-xxxxxx and xxxxxx Individual Assistance and Public Assistance.
Incident Period: xxxxxx and continuing - Due Diligence Vendor-02/10/2025
  Resolved-Comment regarding disaster on page 973 of the loan file. - Due Diligence Vendor-02/11/2025

Long term residence - 10 Years

Months Reserves exceed minimum required - 7.84 months PITIA reserves; 6 months reserves required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830331   C B C B A A A A Closed xxxxxx 2025-04-17 13:20 2025-04-17 13:21 Resolved 1 - Information C A Credit Eligibility Property/Appraisal General (Credit) Resolved-Resolved-property is not a condo - Due Diligence Vendor-04/17/2025
Open-Missing  Structural engineer report. xxxxxx with xxxxxx units.  45 yrs old. - Due Diligence Vendor-02/13/2025 - Due Diligence Vendor-04/17/2025
  Resolved-Resolved-property is not a condo - Due Diligence Vendor-04/17/2025

On time mortgage history exceeds guideline requirement - Long Term Investor  (11+ yrs)

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 734; minimum score 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Debt Consolidation N/A N/A xxxxxx
830331   C B C B A A A A Closed xxxxxx 2025-02-12 13:06 2025-02-20 08:46 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Received PCCD. - Due Diligence Vendor-02/20/2025
Ready for Review-Document Uploaded. Please see attached CD from simultaneous cash out on other property under xxxxxx xxxxxx. - Buyer-02/19/2025
Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of 2 month(s) Insuf Assts  - Due Diligence Vendor-02/13/2025
  Resolved-Received PCCD. - Due Diligence Vendor-02/20/2025

On time mortgage history exceeds guideline requirement - Long Term Investor  (11+ yrs)

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 734; minimum score 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Debt Consolidation N/A N/A xxxxxx
830331   C B C B A A A A Closed xxxxxx 2025-02-12 12:58 2025-02-20 08:44 Resolved 1 - Information C A Credit Assets Total Qualified Assets Post-Close is Less than $0 Resolved-Received PCCD - Due Diligence Vendor-02/20/2025
Ready for Review-Document Uploaded. Please see attached CD from simultaneous cash out on other property under xxxxxx xxxxxx. - Buyer-02/19/2025
Open-Total Qualified Assets Post-Close amount is '$-25523.68'.  Assets are Insufficient. Insuf Assts  - Due Diligence Vendor-02/13/2025
  Resolved-Received PCCD - Due Diligence Vendor-02/20/2025

On time mortgage history exceeds guideline requirement - Long Term Investor  (11+ yrs)

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 734; minimum score 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Debt Consolidation N/A N/A xxxxxx
830331   C B C B A A A A Closed xxxxxx 2025-02-12 13:14 2025-02-13 12:36 Waived 2 - Non-Material C B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/13/2025

Open-Housing History Does Not Meet Guideline Requirements Lender exception in file to proceed with Living rent free. Housing history for DSCR doc type required for primary residence. - Due Diligence Vendor-02/12/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/13/2025

On time mortgage history exceeds guideline requirement - Long Term Investor  (11+ yrs)

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 734; minimum score 660.
Long Term Investor  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Debt Consolidation Investor Post-Close No xxxxxx
830333   B B B B A A A A Closed xxxxxx 2025-02-07 11:03 2025-02-07 11:08 Waived 2 - Non-Material B B Credit Eligibility Appraisal has issues (credit) Waived--Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/07/2025
Open-Exception Approved:  Appraisal for a xxxxxx unit mixed use done on a xxxxxx - Due Diligence Vendor-02/07/2025
  Waived--Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/07/2025

Months Reserves exceed minimum required - Minimum reserves is 6 months, Borrower has 89.68 months.

LTV is less than guideline maximum - Maximum LTV is 65%, subject loan is 60%.
-Long history of primary residence ownership
-Investor experience with subject property.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
830333   B B B B A A A A Closed xxxxxx 2025-02-07 10:50 2025-02-07 11:07 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived--Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/07/2025
Open-Audited FICO of 703 is less than Guideline FICO of 720 Exception Approved: Score 703 on IL cash out or a xxxxxx unit mixed use.  - Due Diligence Vendor-02/07/2025
  Waived--Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/07/2025

Months Reserves exceed minimum required - Minimum reserves is 6 months, Borrower has 89.68 months.

LTV is less than guideline maximum - Maximum LTV is 65%, subject loan is 60%.
-Long history of primary residence ownership and
-Investor experience with subject property.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
830341   C A C A A A A A Closed xxxxxx 2025-02-12 15:57 2025-02-24 08:59 Resolved 1 - Information C A Credit Eligibility Prepayment Penalty Discrepancy Resolved-Received Prepayment Fee Addendum to Note.   - Due Diligence Vendor-02/24/2025

Open-There is a discrepancy with tape for Prepayment Penalty Total Term. Tape value: '0'  Diligence value '60'. Missing Prepayment Addendum to Note. - Due Diligence Vendor-02/13/2025
  Resolved-Received Prepayment Fee Addendum to Note.   - Due Diligence Vendor-02/24/2025

Months Reserves exceed minimum required - 10 months reserves; 2 months reserves required.    ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830346   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830349   D A D A A A A A Closed xxxxxx 2025-02-18 15:15 2025-02-27 09:29 Resolved 1 - Information D A Credit Missing Doc Title Document Missing Resolved-Received preliminary title, searches and 24 months chain of title.   - Due Diligence Vendor-02/27/2025

Open-Title Document is missing Provide full title policy showing 24 month chain of title. - Due Diligence Vendor-02/18/2025
  Resolved-Received preliminary title, searches and 24 months chain of title.   - Due Diligence Vendor-02/27/2025

Months Reserves exceed minimum required - 17 months reserves; 2 months reserves required.

On time mortgage history exceeds guideline requirement - 14 months on time payment history
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
830370   A A A A A A A A             A A                 ATR/QM: CDFI Lender Exempt ATR/QM: CDFI Lender Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830378   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830389   C A C A A A A A Closed xxxxxx 2025-03-07 07:51 2025-03-26 10:48 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received PITIA and 1007. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded. Please see the Note, appraisal and UW cert to go with the response from the UW.  xxxxxx was a purchase of an investment property.  Ive attached a copy of the note for the P&I payment and a copy of the appraisal to show the HOA dues.  

Per guides for a purchase of an investment property, Proposed rental income from the comparable schedule, reflecting long term rental rates may be used to qualify.  We dont need a lease on xxxxxx.  xxxxxx!  - Buyer-03/24/2025
Counter-Received taxes and HOI, please provide P&I and HOA verification.  Please provide the lease agreement.  - Due Diligence Vendor-03/14/2025
Open-Housing History Does Not Meet Guideline Requirements Missing lease, mortgage statement, taxes information and HOI for REO property (xxxxxx)   - Due Diligence Vendor-03/07/2025
  Resolved-Received PITIA and 1007. - Due Diligence Vendor-03/26/2025

Months Reserves exceed minimum required - Verified assets of 15.52 months reserves exceed the minimum required of 6 months

On time mortgage history exceeds guideline requirement - Credit report reports on time mortgage history for last 42 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830391   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830393   C B C B A A A A Closed xxxxxx 2025-02-13 16:56 2025-02-18 10:33 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/18/2025
Open-Audited LTV of 75% exceeds Guideline LTV of 70% Lender Exception Granted:  Property is considered rural per the xxxxxx.  classification map, and LTV of 75% exceeds limit of 70%. - Due Diligence Vendor-02/13/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/18/2025

Months Reserves exceed minimum required - Lender minimum reserves 6 months PITIA, borrower reserves 19.03 months

Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 700, borrower FICO is 753
Credit Score 30+ points > minimum required
Reserves exceed requirement by 10 months or more
Experienced investor owns and manages 2 or more properties for 12 months
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830413   C A C A A A A A Closed xxxxxx 2025-03-17 13:24 2025-03-17 17:04 Resolved 1 - Information C A Credit Closing Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) Resolved-Per approval letter gap required from time of underwrite and does not need to be dated within 30 days of funding. - Due Diligence Vendor-03/17/2025
Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). DTI 32%.  - Due Diligence Vendor-03/17/2025
  Resolved-Per approval letter gap required from time of underwrite and does not need to be dated within 30 days of funding. - Due Diligence Vendor-03/17/2025

Months Reserves exceed minimum required - Months Reserves 190 exceed minimum required


Qualifying DTI below maximum allowed - Qualifying DTI 32.32% below maximum allowed.
  QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
830441   C A C A A A A A Closed xxxxxx 2025-03-04 14:51 2025-03-10 11:27 Resolved 1 - Information C A Credit Insurance Hazard Insurance Effective Date is after the Note Date Resolved-Received updated HOI. - Due Diligence Vendor-03/10/2025
Open-Hazard Insurance Effective Date of xxxxxx is after the Note Date of xxxxxx -Hazard Insurance Effective Date of xxxxxx is after the Note Date of xxxxxx - Due Diligence Vendor-03/05/2025
  Resolved-Received updated HOI. - Due Diligence Vendor-03/10/2025

DSCR % greater than 1.20 - DSCR is 1.415.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 781; guidelines require 700. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830445   A A A A A A A A             A A                 QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Second Home Purchase NA      
830456   B B B B A A A A Closed xxxxxx 2025-02-27 16:53 2025-02-27 17:20 Waived 2 - Non-Material B B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived--Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/27/2025
Open-Property Issues are identified for the property Exception Approved: Acreage over xxxxxx Acres.   - Due Diligence Vendor-02/27/2025
  Waived--Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/27/2025

Long term residence - 18 years

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 728; guidelines require 700. 
-Credit Score 20 points > minimum required                                      
-0x30 for 48 months on all mortgages
-Current primary home ownership > 10 years
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830471   C B C B A A A A Closed xxxxxx 2025-04-04 12:16 2025-04-16 14:07 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Document Uploaded. Waiver applied to non-material finding with compensating factors - Due Diligence Vendor-04/16/2025

Open-Audited LTV of 77.18% exceeds Guideline LTV of 75% - Due Diligence Vendor-04/04/2025
  Waived-Document Uploaded. Waiver applied to non-material finding with compensating factors - Due Diligence Vendor-04/16/2025

Qualifying DTI below maximum allowed - Lender max DTI 50%, borrower DTI 27.34%

Residual Income =/> 1.5 times $3,500 monthly residual income - -4+ times residual income

Long term residence - -In primary home for 8 years

Verified employment history exceeds guidelines - -7+ years self-employed

Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 123.72m.
33% DTI
residual income
SE 7+ years
120 months of reserves
0x30x69
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Originator Post-Close No xxxxxx
830471   C B C B A A A A Closed xxxxxx 2025-03-26 15:51 2025-04-16 14:06 Waived 2 - Non-Material B B Credit Assets Cash Out Does Not Meet Guideline Requirements Waived--Borrower received $250.41 over maximum cash out for Rate Term. Exception granted to allow loan to remain as rate term. Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-03/26/2025   Waived--Borrower received $250.41 over maximum cash out for Rate Term. Exception granted to allow loan to remain as rate term. Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-03/26/2025

Qualifying DTI below maximum allowed - Lender max DTI 50%, borrower DTI 27.34%

Residual Income =/> 1.5 times $3,500 monthly residual income - -4+ times residual income

Long term residence - -In primary home for 8 years

Verified employment history exceeds guidelines - -7+ years self-employed

Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 123.72m.
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Originator Post-Close No xxxxxx
830500   D A D A A A A A Closed xxxxxx 2025-02-11 10:04 2025-04-15 13:13 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-02/11/2025

Ready for Review-Document Uploaded.  - Seller-02/11/2025

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded.  - Seller-02/11/2025

Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-02/11/2025

Months Reserves exceed minimum required - Guidelines require 2 months of reserves.  Qualifying reserves are 14 months.

DSCR % greater than 1.20 - DSCR = 1.511
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830500   D A D A A A A A Closed xxxxxx 2025-02-11 13:37 2025-02-11 15:24 Resolved 1 - Information D A Credit Missing Doc Missing Lease Agreement Resolved-Received Lease agreement. - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded.  - Seller-02/11/2025
Open-Per guidelines xxxxxx Form 1007 or 1025 reflecting long-term market rents, and lease agreement required for refinance transaction.   - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded.  - Seller-02/11/2025

Resolved-Received Lease agreement. - Due Diligence Vendor-02/11/2025

Months Reserves exceed minimum required - Guidelines require 2 months of reserves.  Qualifying reserves are 14 months.

DSCR % greater than 1.20 - DSCR = 1.511
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830500   D A D A A A A A Closed xxxxxx 2025-02-11 13:49 2025-02-11 15:20 Resolved 1 - Information D A Credit Missing Doc Closing Detail Statement Document is Missing Resolved-Closing Detail Statement Document is not Missing, or Not Applicable. - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded.  - Seller-02/11/2025
Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Provided Final settlement statement.  Audit used estimated settlement statement in the loan file to determine cash to borrower and reserves.  Additional conditions may apply.  - Due Diligence Vendor-02/11/2025
Ready for Review-Document Uploaded.  - Seller-02/11/2025

Resolved-Closing Detail Statement Document is not Missing, or Not Applicable. - Due Diligence Vendor-02/11/2025

Months Reserves exceed minimum required - Guidelines require 2 months of reserves.  Qualifying reserves are 14 months.

DSCR % greater than 1.20 - DSCR = 1.511
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830516   D B D B A A A A Closed xxxxxx 2025-02-19 13:23 2025-03-05 13:01 Resolved 1 - Information D A Credit Missing Doc - Credit HOA Questionnaire Document is Missing Resolved-HOA Questionnaire Document provided. - Due Diligence Vendor-03/05/2025

Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Must meet guidelines - Due Diligence Vendor-02/19/2025
  Resolved-HOA Questionnaire Document provided. - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - 68.64 months reserves exceed 2 months minimum

LTV is less than guideline maximum - 70% LTV less than 47.95% LTV 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830516   D B D B A A A A Closed xxxxxx 2025-02-18 17:38 2025-02-19 13:34 Waived 2 - Non-Material B B Credit Missing Doc Approval/Underwriting Summary Not Provided Waived-Client waiver applied to non material finding with comp factors.
 - Due Diligence Vendor-02/19/2025

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-02/18/2025
  Waived-Client waiver applied to non material finding with comp factors.
 - Due Diligence Vendor-02/19/2025

Months Reserves exceed minimum required - 68.64 months reserves exceed 2 months minimum

LTV is less than guideline maximum - 70% LTV less than 47.95% LTV 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
830517   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830521   B B B B A A A A Closed xxxxxx 2025-03-06 09:58 2025-03-10 08:30 Waived 2 - Non-Material B B Credit Missing Doc Approval/Underwriting Summary Not Provided Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-03/10/2025

Open-Missing Approval/Underwriting Summary. - Due Diligence Vendor-03/06/2025
  Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-03/10/2025

Months Reserves exceed minimum required - 10 months reserves; 6 months reserves required.

DSCR % greater than 1.20 - DSCR is 1.33
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
830540   C B C B A A A A Closed xxxxxx 2025-04-17 12:40 2025-04-17 12:41 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Client exception granted and in file, waiver applied with comp factors. Studio style units are not uncommon for the area and comparables used are similar to subject. - Due Diligence Vendor-04/30/2025
Open-Condotel without a separate bedroom and without a full kitchen - Due Diligence Vendor-04/17/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Studio style units are not uncommon for the area and comparables used are similar to subject. - Due Diligence Vendor-04/30/2025 Months Reserves exceed minimum required - The Borrower has 41.72 months in reserves.

Qualifying FICO score is at least 20 points above minimum for program - The Borrowers credit score is 770; guideline minimum is 660.
Credit Score 30+ points > minimum required
Current primary home ownership > 5 years
Reserves exceed requirement by 10 months or more
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
830550   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830564   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830565   D B D B A A A A Closed xxxxxx 2025-02-12 11:55 2025-02-20 08:56 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Received teh Hazard Insurance Policy. - Due Diligence Vendor-02/20/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-02/19/2025
Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing hazard insurance policy that matches premium amount collected on Final CD - Due Diligence Vendor-02/12/2025
  Resolved-Received teh Hazard Insurance Policy. - Due Diligence Vendor-02/20/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 772 is at least 20 points above minimum for program 700

LTV is less than guideline maximum - LTV 58.97% is less than guideline maximum 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830565   D B D B A A A A Closed xxxxxx 2025-02-12 10:22 2025-02-13 13:53 Waived 2 - Non-Material B B Credit Assets Cash Out Does Not Meet Guideline Requirements Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-02/13/2025

Open-Cash Out Does Not Meet Guideline Requirements Exception in file to allow a cash out refinance on first time investor. Owning rental less than <12 months and no primary residence.  - Due Diligence Vendor-02/12/2025
  Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-02/13/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 772 is at least 20 points above minimum for program 700

LTV is less than guideline maximum - LTV 58.97% is less than guideline maximum 75%
36+ mos reserves
772 FICO
58.98% LTV
Locked w/PPP 3 yr
Locked w/escrows
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
830571   C A C A B A A A Closed xxxxxx 2025-03-18 12:52 2025-03-24 10:24 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Upon further review, the loan file contained all required Hazard coverage documentation. - Due Diligence Vendor-03/24/2025
Open-Insufficient Coverage Amount for Insured Subject Property. Insurance coverage does not meet guideline as require, 100% of the replacement cost per a replacement cost estimator from the property insurer or a 3rd party source (i.e., xxxxxx); or
• The estimated cost to replace the dwelling from a recent appraisal; per appraisal cost to new xxxxxx or
• The unpaid principal balance of the mortgage $xxxxxx. - Due Diligence Vendor-03/18/2025
  Resolved-Upon further review, the loan file contained all required Hazard coverage documentation. - Due Diligence Vendor-03/24/2025

Qualifying DTI below maximum allowed - Qualifying DTI 31% below maximum 50%  allowed

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 785 is at least 20 points above minimum for program 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
830571   C A C A B A A A Closed xxxxxx 2025-03-14 13:36 2025-03-21 11:13 Resolved 1 - Information B A Compliance State Reg NY Subprime Loan Test Resolved-Compliant NY Subprime- APR on subject loan of 8.244% is within allowable threshold of excess of allowable threshold of APOR of 6.87% + 1.75% or 8.62%.    - Due Diligence Vendor-03/21/2025

Open-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR -----Compliant NY Subprime- APR on subject loan of 8.244% is within allowable threshold of APOR of 6.87% + 1.75% or 8.62%.    - Due Diligence Vendor-03/14/2025
  Resolved-Compliant NY Subprime- APR on subject loan of 8.244% is within allowable threshold of excess of allowable threshold of APOR of 6.87% + 1.75% or 8.62%.    - Due Diligence Vendor-03/21/2025

Qualifying DTI below maximum allowed - Qualifying DTI 31% below maximum 50%  allowed

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 785 is at least 20 points above minimum for program 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
830585   A A A A A A A A             A A                 QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA      
830587   D B D B A A A A Closed xxxxxx 2025-03-20 13:23 2025-03-27 13:03 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-Client provided a waiver <12 months required reserves, applied to non material finding with comp factors
 - Due Diligence Vendor-03/26/2025
Open-Audited Reserves of 10.8 month(s) are less than Guideline Required Reserves of 12 month(s) The borrower's xxxxxx verification was outside 30 days from the note date. I could not locate the co-borrower's xxxxxx statements in the file and I could not locate verification of the co-borrower's xxxxxx. This resulted in the reserves being short.  - Due Diligence Vendor-03/20/2025
  Waived-Client provided a waiver <12 months required reserves, applied to non material finding with comp factors
 - Due Diligence Vendor-03/26/2025
Qualifying DTI below maximum allowed - Maximum DTI 50%, subject 28.51%.

Qualifying FICO score is at least 20 points above minimum for program - Required Fico 680, subject 742
 Credit Score 30+ points > minimum required / Compensating Factor
 DTI <= 36% which is below requirement in guidelines / Compensating Factor
 Residual income more than 2.5x the amount required by guidelines
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
830587   D B D B A A A A Closed xxxxxx 2025-03-20 12:44 2025-03-21 10:12 Waived 2 - Non-Material D B Credit Missing Doc Missing Verification of Rent Waived-Client exception granted and in file, waiver applied with comp factors. (Non-Mat  Approved lender exception with comp factors)  - Due Diligence Vendor-03/21/2025
Open-The borrowers are first time home buyers with private verifications of rent and no canceled checks. First time hoe buyers are allowed without canceled checks but at a maximum of 80%. The subject loan closed at 90%. An exception was granted regarding the unsupported verification of rent.  - Due Diligence Vendor-03/20/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. (Non-Mat  Approved lender exception with comp factors)  - Due Diligence Vendor-03/21/2025

Qualifying DTI below maximum allowed - Maximum DTI 50%, subject 28.51%.

Qualifying FICO score is at least 20 points above minimum for program - Required Fico 680, subject 742
Borrower 2 housing history is fully documented
Fico 20pts better than guideline requirement
DTI 10 pts better than guideline requirement. 
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
830592   D B D B D B A A Closed xxxxxx 2025-03-12 09:04 2025-03-24 09:06 Waived 2 - Non-Material D B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Received lender attestation of no affiliates.  Client waiver applied to non-material Findings.
 - Due Diligence Vendor-03/21/2025

Open-Required Affiliated Business Disclosure Missing ----- Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt.
 - Due Diligence Vendor-03/12/2025
  Waived-Received lender attestation of no affiliates.  Client waiver applied to non-material Findings.
 - Due Diligence Vendor-03/21/2025

Qualifying DTI below maximum allowed - Qualifying DTI 22.35%; max 50%

Months Reserves exceed minimum required - 88 mths reserves; 3 mths required.
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
830592   D B D B D B A A Closed xxxxxx 2025-03-14 14:43 2025-03-21 12:49 Waived 2 - Non-Material D B Credit Missing Doc Missing income documentation Waived-The request for an exception to Verus's eligibility criteria is granted for sourcing of deposits. Deemed non-material as the nature of the business justifies the deposits.  - Due Diligence Vendor-03/21/2025

Ready for Review-The request for an exception to Verus's eligibility criteria is granted. Compensating Factor 1 - DTI <= 36% which is below requirement in guidelines / Compensating Factor 2 - Residual income more than 2.5x the amount required by guidelines / Compensating Factor 3 - Reserves exceed requirement by 10 months or more - Buyer-03/20/2025

Open-Missing source of deposits which exceed 50% of the average monthly sales of the business which were all considered towards qualifying income: $18,600 on 12/16, $20,500 on 11/06, $21,300 on 11/21, $25k on 10/11, $51,438.61 on 09/03, $36,160 on 09/18, $24,200 on 07/05, $39,036.86 on 06/14, $38,720 on 06/25k, and $25k on 02/26. Additional findings may apply.  - Due Diligence Vendor-03/14/2025
  Waived-The request for an exception to Verus's eligibility criteria is granted for sourcing of deposits. Deemed non-material as the nature of the business justifies the deposits.  - Due Diligence Vendor-03/21/2025

Qualifying DTI below maximum allowed - Qualifying DTI 22.35%; max 50%

Months Reserves exceed minimum required - 88 mths reserves; 3 mths required.
Compensating Factor 1 - DTI <= 36% which is below requirement in guidelines / Compensating Factor 2 - Residual income more than 2.5x the amount required by guidelines / Compensating Factor 3 - Reserves exceed requirement by 10 months or more Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
830610   D A D A A A A A Closed xxxxxx 2025-03-11 16:17 2025-03-14 11:05 Resolved 1 - Information D A Credit Missing Doc - Credit Business Purpose Affidavit/Disclosure Missing Resolved-Received Business Purpose Cert. - Due Diligence Vendor-03/14/2025

Open-The Business Purpose Affidavit Disclosure is Missing Missing Business Purpose Affidavit.  - Due Diligence Vendor-03/11/2025
  Resolved-Received Business Purpose Cert. - Due Diligence Vendor-03/14/2025

Months Reserves exceed minimum required - 86 months reserves; 0 months reserves required.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 695; guidelines require 660. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830617   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830618   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
830624   D A D A A A A A Closed xxxxxx 2025-03-10 09:10 2025-03-21 16:23 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Resolved-Received Bank Statement Summary/Lender Worksheet - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please review the income worksheet. - Seller-03/19/2025
Counter-Worksheet provided does not contain an account number or the months verified. Finding remains. - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded. Please review the Income worksheet for this file. - Seller-03/18/2025
Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. Please review the income worksheet. - Seller-03/19/2025

 Ready for Review-Document Uploaded. Please review the Income worksheet for this file. - Seller-03/18/2025

Resolved-Received Bank Statement Summary/Lender Worksheet - Due Diligence Vendor-03/21/2025

Qualifying FICO score is at least 20 points above minimum for program - 725 vs. 700 minimum

Qualifying DTI below maximum allowed - 34.94% vs. max DTI of 49.99%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830624   D A D A A A A A Closed xxxxxx 2025-03-07 15:06 2025-03-19 17:11 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-Received Internet Search. - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded. Business verification documents were included in the closing package already. I attached the same documents here again. Please advise. - Seller-03/17/2025
Open-Business must be verifiable via xxxxxx Search, 411.com or internet. CPA did not comment and no search was provided.  - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded. Business verification documents were included in the closing package already. I attached the same documents here again. Please advise. - Seller-03/17/2025

Resolved-Received Internet Search. - Due Diligence Vendor-03/19/2025

Qualifying FICO score is at least 20 points above minimum for program - 725 vs. 700 minimum

Qualifying DTI below maximum allowed - 34.94% vs. max DTI of 49.99%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830624   D A D A A A A A Closed xxxxxx 2025-03-07 15:31 2025-03-14 14:17 Resolved 1 - Information C A Credit Insurance Flood Certification Date is greater than Note Date Resolved-Received Initial Flood Cert. - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded. Please review the Flood Certification before the Note date. - Seller-03/13/2025
Open-Flood Certification Date is greater than xxxxxx  - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. Please review the Flood Certification before the Note date. - Seller-03/13/2025

Resolved-Received Initial Flood Cert. - Due Diligence Vendor-03/14/2025

Qualifying FICO score is at least 20 points above minimum for program - 725 vs. 700 minimum

Qualifying DTI below maximum allowed - 34.94% vs. max DTI of 49.99%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830626   C B A A C B A A Closed xxxxxx 2025-03-04 13:08 2025-03-24 08:11 Cured 2 - Non-Material C B Compliance TRID Charges That In Total Cannot Increase More Than 10% Test Cured-Received copy of check in the amount of $210.70, post-close CD xxxxxx, LOE and evidence of delivery to borrower.  Finding cured. - Due Diligence Vendor-03/24/2025
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($610.00) exceed the comparable charges ($363.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Recording Fee) increased by $210.70 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $210.70, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-03/04/2025
  Cured-Received copy of check in the amount of $210.70, post-close CD xxxxxx, LOE and evidence of delivery to borrower.  Finding cured. - Due Diligence Vendor-03/24/2025
On time mortgage history exceeds guideline requirement - Credit report reports on time mortgage history for last 53 months

Months Reserves exceed minimum required - Verified assets of 37.94 months reserves exceed the minimum required of 6 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
830626   C B A A C B A A Closed xxxxxx 2025-03-04 13:08 2025-03-14 09:55 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Received COC xxxxxx. Finding resolved. - Due Diligence Vendor-03/14/2025
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 $150.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $150.00 (Appraisal) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $150.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.  There is a COC inf file for this finding, but there is no proof in file that borrower received a copy of the LE.
 - Due Diligence Vendor-03/04/2025
  Resolved-Received COC xxxxxx. Finding resolved. - Due Diligence Vendor-03/14/2025
On time mortgage history exceeds guideline requirement - Credit report reports on time mortgage history for last 53 months

Months Reserves exceed minimum required - Verified assets of 37.94 months reserves exceed the minimum required of 6 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
830632   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Refinance Cash Out - Other      
830637   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830640   D A A A D A A A Closed xxxxxx 2025-03-14 13:25 2025-03-28 12:50 Resolved 1 - Information D A Compliance Missing Doc Right of Rescission is Missing Resolved-Rec'd Right of Rescission.  Finding Resolved. - Due Diligence Vendor-03/28/2025
Ready for Review-Document Uploaded. Please find the executed Notice of Right to Cancel. xxxxxx. - Buyer-03/28/2025
Open-Right of Rescission is Missing Please provide a copy of the executed ROR for file. - Due Diligence Vendor-03/14/2025
  Resolved-Rec'd Right of Rescission.  Finding Resolved. - Due Diligence Vendor-03/28/2025

LTV is less than guideline maximum - LTV = 55% / Maximum 80%

Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO - 802 / Minimum 660
  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
830652   D B A A D B A A Closed xxxxxx 2025-03-10 16:15 2025-03-18 10:38 Waived 2 - Non-Material D B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Received attestation to no affiliates. Client waiver applied to non-material Findings - Due Diligence Vendor-03/18/2025

Open-Required Affiliated Business Disclosure Missing - Due Diligence Vendor-03/10/2025
  Waived-Received attestation to no affiliates. Client waiver applied to non-material Findings - Due Diligence Vendor-03/18/2025

LTV is less than guideline maximum - Maximum LTV 85%, loan LTV 47.20%.

Qualifying DTI below maximum allowed - Max DTI ratio 50%, loan ratio 25.81%
  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 Investor Post-Close No xxxxxx
830654   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830662   C B C B A A A A Closed xxxxxx 2025-03-03 15:51 2025-04-16 13:11 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/05/2025

Open-Property Issues are identified for the property Lender Exception: 65% commercial space, max allowed 50%.  Purpose and activities are limited to ownership and management of real property. Request exception that LLC is not primarily for management of real property. - Due Diligence Vendor-03/03/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/05/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 774; guidelines require 660.

Months Reserves exceed minimum required - 46 months reserves; 2 months reserves required.
Current primary home ownership > 10 years
Credit Score 30+ points > minimum required
Reserves exceed requirement by 10 months or more
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830664   D A D A A A A A Closed xxxxxx 2025-02-12 14:30 2025-02-18 10:42 Resolved 1 - Information D A Credit Missing Doc Missing Trust Agreement Resolved-The trust cert is located on page 506. - Due Diligence Vendor-02/18/2025

Open-Missing Full Trust or Certificate of Trust document -loan vested in trust. - Due Diligence Vendor-02/12/2025
  Resolved-The trust cert is located on page 506. - Due Diligence Vendor-02/18/2025

Months Reserves exceed minimum required - Reserves 62.99 exceed 2 months required

Qualifying FICO score is at least 20 points above minimum for program - FICO 730 higher than 700 minimum 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830691   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
830694   C A C A C A A A Closed xxxxxx 2025-02-26 19:56 2025-03-05 09:45 Resolved 1 - Information C A Compliance TRID Lender Credits That Cannot Decrease Test Resolved-Received COC xxxxxx. Finding resolved. - Due Diligence Vendor-03/05/2025
Open-This loan failed the lender credits that cannot decrease 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). The final sum of specific and non-specific lender credits ($2,628.36) does not exceed or equal the comparable sum of specific and non-specific lender credits ($2,958.00). Please see the 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). -----Lender credit decreased from $2,958.00 to $2,628.36 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $329.64, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is xxxxxx. - Due Diligence Vendor-02/27/2025
  Resolved-Received COC xxxxxx. Finding resolved. - Due Diligence Vendor-03/05/2025
Months Reserves exceed minimum required - The Borrower  has 6.99 months in reserves.

LTV is less than guideline maximum - 71.27% < 80%

Qualifying FICO score is at least 20 points above minimum for program - The Borrowers credit score is 840, min 660
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830694   C A C A C A A A Closed xxxxxx 2025-02-26 20:09 2025-03-05 09:25 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Received mortgage with legal attached. - Due Diligence Vendor-03/05/2025

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Missing Legal Description  - Due Diligence Vendor-02/27/2025
  Resolved-Received mortgage with legal attached. - Due Diligence Vendor-03/05/2025

Months Reserves exceed minimum required - The Borrower  has 6.99 months in reserves.

LTV is less than guideline maximum - 71.27% < 80%

Qualifying FICO score is at least 20 points above minimum for program - The Borrowers credit score is 840, min 660
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830694   C A C A C A A A Closed xxxxxx 2025-02-28 09:52 2025-02-28 10:08 Resolved 1 - Information C A Credit Eligibility Audited DTI Exceeds Guideline DTI Resolved-Audited DTI of 47.05% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-02/28/2025

Open-Audited DTI of 50.09% exceeds Guideline DTI of 50% - Due Diligence Vendor-02/28/2025
  Resolved-Audited DTI of 47.05% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-02/28/2025

Months Reserves exceed minimum required - The Borrower  has 6.99 months in reserves.

LTV is less than guideline maximum - 71.27% < 80%

Qualifying FICO score is at least 20 points above minimum for program - The Borrowers credit score is 840, min 660
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830719   C B C B C A A A Closed xxxxxx 2025-03-05 08:27 2025-03-13 09:35 Resolved 1 - Information C A Compliance TRID Missing Intent to Proceed Resolved-Received ITP xxxxxx.  Finding resolved. - Due Diligence Vendor-03/13/2025
Open-Missing evidence of borrower acknowledged Intent to Proceed and POC fees appear on Final CD (Appraisal Fee). - Due Diligence Vendor-03/05/2025
  Resolved-Received ITP xxxxxx.  Finding resolved. - Due Diligence Vendor-03/13/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660 / Borrower FICO 762

LTV is less than guideline maximum - Max LTV 80% / Subject LTV 69.85%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
830719   C B C B C A A A Closed xxxxxx 2025-03-06 10:58 2025-03-07 08:19 Waived 2 - Non-Material C B Credit Income/Employment Income and Employment Do Not Meet Guidelines Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/07/2025

Open-Income and Employment Do Not Meet Guidelines - Business has had 9 NSFs within past 12 months Vs guidelines Max NSFs = 5 for last 12 months.  The loan file contains an approved exception. - Due Diligence Vendor-03/06/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/07/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660 / Borrower FICO 762

LTV is less than guideline maximum - Max LTV 80% / Subject LTV 69.85%
LTV/CLTV 5% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
Residual income more than 1.5x the amount required by guidelines
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated Investor Post-Close No xxxxxx
830725   D A D A A A A A Closed xxxxxx 2025-03-19 22:52 2025-03-24 10:32 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Received UDM report. - Due Diligence Vendor-03/24/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-03/20/2025
  Resolved-Received UDM report. - Due Diligence Vendor-03/24/2025

LTV is less than guideline maximum - LTV 30% is lower than max allowed 80%

Qualifying FICO score is at least 20 points above minimum for program - FICO 809 is higher than 680 minimum FICO
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Second Home Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
830727   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830739   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830742   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830743   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
830748   D B D B A A A A Closed xxxxxx 2025-03-06 17:58 2025-03-07 11:53 Waived 2 - Non-Material C B Credit Eligibility Condo project has pending litigation Waived--Client exception granted and in file, waiver applied with comp factors. Deemed non-material due to covered by insurance and subject unit and borrower are not directly associated in pending litigation. Litigation is not structural in nature and has not health or safety concernce and is related to a xxxxxx in an unit that is not our subject unit. - Due Diligence Vendor-04/17/2025
Open-Pending Litigation due to xxxxxx in unit unrelated to subject. The litigation is involving xxxxxx to xxxxxx unit and NOT subject from a  xxxxxx.  Plaintiff seeking damages of at leastxxxxxx. k, not to exceed xxxxxx. xxxxxx. . No structural/livability/safety concerns with the project.. Project has xxxxxx. xxxxxx.  in Building coverage, $xxxxxx. xxxxxx.  in General commercial liability coverage w/additional $xxxxxx. MM in umbrella liability coverage. Attorney opinion letter in file indicates the HOA insurance is handling the claim and has more than sufficient coverage for any potential damages awarded. - Due Diligence Vendor-03/28/2025
  Waived--Client exception granted and in file, waiver applied with comp factors. Deemed non-material due to covered by insurance and subject unit and borrower are not directly associated in pending litigation. Litigation is not structural in nature and has not health or safety concernce and is related to a xxxxxx in an unit that is not our subject unit. - Due Diligence Vendor-04/17/2025
LTV is less than guideline maximum - Allowed LTV 85%, subject LTV 75%.

Qualifying DTI below maximum allowed - DTI 27.56, Allowed DTI 50%. 
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
DTI <= 40% which is below requirement in guidelines
Reserves exceed requirement by 6 months or more
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830748   D B D B A A A A Closed xxxxxx 2025-03-06 18:12 2025-03-07 11:25 Waived 2 - Non-Material D B Credit Missing Doc Condo Master Insurance Policy is Partial Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material - Due Diligence Vendor-03/06/2025
Open-Condo Master Insurance Policy Partially Provided Master property policy includes an actual cash value clause applicable to xxxxxx aged 12 years or older (page 99 of master policy enclosed). xxxxxx were just replaced in xxxxxx. All other building components are covered at full replacement cost value, with an acceptable policy limit supported by a statement of values.
Approved exception in file - Due Diligence Vendor-03/06/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material - Due Diligence Vendor-03/06/2025

LTV is less than guideline maximum - Allowed LTV 85%, subject LTV 75%.

Qualifying DTI below maximum allowed - DTI 27.56, Allowed DTI 50%. 
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
DTI <= 40% which is below requirement in guidelines
Reserves exceed requirement by 6 months or more
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830758   C B C B A A A A Closed xxxxxx 2025-03-10 13:36 2025-04-17 12:50 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Client exception granted, waiver applied with comp factors. Deemed non-material due to approved exception and comp factors - Due Diligence Vendor-04/17/2025
Open-The subject property has xxxxxx acres and the max is 20 per guidelines. Lender approved exception in file. - Due Diligence Vendor-04/17/2025
  Waived-Client exception granted, waiver applied with comp factors. Deemed non-material due to approved exception and comp factors - Due Diligence Vendor-04/17/2025

Qualifying FICO score is at least 20 points above minimum for program - 734 FICO with 660 minimum

Qualifying DTI below maximum allowed - 10.58% DTI with 50% max
LTV/CLTV 5% or more below the maximum allowed under applicable guidelines
Credit score 30+ points > minimum required
Reserves exceed requirements by 6 months or more
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated Investor Post-Close No xxxxxx
830758   C B C B A A A A Closed xxxxxx 2025-03-10 14:33 2025-03-18 11:34 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Partially Provided Resolved-Received complete 1008 - Due Diligence Vendor-03/18/2025
Counter-Approval/1008 provided, however it does not disclose the residual income calculation as required by the guidelines. Finding remains. - Due Diligence Vendor-03/13/2025
Open-Approval/Underwriting Summary Partially Provided Residual income calculation must be calculated and displayed on the 1008. 1008 was missing the calculation. - Due Diligence Vendor-03/10/2025
  Resolved-Received complete 1008 - Due Diligence Vendor-03/18/2025

Qualifying FICO score is at least 20 points above minimum for program - 734 FICO with 660 minimum

Qualifying DTI below maximum allowed - 10.58% DTI with 50% max
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
830758   C B C B A A A A Closed xxxxxx 2025-03-10 13:24 2025-03-11 12:52 Waived 2 - Non-Material C B Credit Eligibility Neighborhood Location Not Allowed for Program Waived-Client exception granted, waiver applied with comp factors. Deemed non-material due to approved exception and comp factors - Due Diligence Vendor-03/11/2025
Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Appraisal indicates Rural Property. Exception in file
 - Due Diligence Vendor-03/10/2025
  Waived-Client exception granted, waiver applied with comp factors. Deemed non-material due to approved exception and comp factors - Due Diligence Vendor-03/11/2025
Qualifying FICO score is at least 20 points above minimum for program - 734 FICO with 660 minimum
Qualifying DTI below maximum allowed - 10.58% DTI with 50% max
LTV/CLTV 5% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
Reserves exceed requirement by 6 months or more
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated Investor Post-Close No xxxxxx
830766   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830781   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
830788   B A B A A A A A Closed xxxxxx 2025-03-11 16:02 2025-03-12 09:34 Resolved 1 - Information B A Credit Missing Doc Missing Income - Bank Statements Resolved-After further review all statements were provided-condition resolved - Due Diligence Vendor-03/12/2025
Ready for Review-xxxxxx - Please see pages 128 - 137 of the uploaded closed loan package. Although the xxxxxx bank statement for account xxxxxx dated 2/1/25, the transaction dates are actually for the month of xxxxxx.  - Seller-03/12/2025
Open-Missing January 2025 statement for Account ending xxxxxx to complete a full 12 months.  Audit used 11 months statements that were available and DTI is low. - Due Diligence Vendor-03/11/2025
Ready for Review-xxxxxx - Please see pages 128 - 137 of the uploaded closed loan package. Although the xxxxxx statement for account xxxxxx dated 2/1/25, the transaction dates are actually for the month of January (1/6/25 thru 1/31/25).  - Seller-03/12/2025
Resolved-After further review all statements were provided-condition resolved - Due Diligence Vendor-03/12/2025
LTV is less than guideline maximum - LTV 64%; max 85%.
Months Reserves exceed minimum required - 313 months PITIA reserves; 3 months reserves required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830792   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830794   C A A A C A A A Closed xxxxxx 2025-03-05 14:38 2025-03-10 19:31 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved------Lender credit on final CD, $118.00 for increase in closing costs above legal limit.  Finding resolved. - Due Diligence Vendor-03/10/2025
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 $118.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credit on final CD, $118.00 for increase in closing costs above legal limit.  Finding resolved. - Due Diligence Vendor-03/05/2025
  Resolved------Lender credit on final CD, $118.00 for increase in closing costs above legal limit.  Finding resolved. - Due Diligence Vendor-03/10/2025
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO score 660, loan FICO score 737.
LTV is less than guideline maximum - LTV maximum was 90%, loan LTV 80%. 
  QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
830798   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      
830801   D A D A D A A A Closed xxxxxx 2025-03-18 09:27 2025-03-21 12:44 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Resolved-Upon further review, income calculation was located in the loan file. - Due Diligence Vendor-03/21/2025
Ready for Review-Please refer to the Underwriting Loan Summary (Pg. 203) for asset depletion calculation. - Buyer-03/21/2025
Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing - Due Diligence Vendor-03/18/2025
  Resolved-Upon further review, income calculation was located in the loan file. - Due Diligence Vendor-03/21/2025
Qualifying DTI below maximum allowed - Maximum DTI 50%, subject 30.58%
Qualifying FICO score is at least 20 points above minimum for program - Fico required 680. subject 779
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830801   D A D A D A A A Closed xxxxxx 2025-03-18 09:09 2025-03-21 12:39 Resolved 1 - Information D A Credit Missing Doc Closing Detail Statement Document is Missing Resolved-Received all pages of the Final CD - Due Diligence Vendor-03/21/2025
Ready for Review-Final CD provided. Same document that cleared the compliance condition.  - Buyer-03/21/2025
Open-Missing Page 5 of Final CD (signature page) - Due Diligence Vendor-03/18/2025
  Resolved-Received all pages of the Final CD - Due Diligence Vendor-03/21/2025
Qualifying DTI below maximum allowed - Maximum DTI 50%, subject 30.58%
Qualifying FICO score is at least 20 points above minimum for program - Fico required 680. subject 779
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830801   D A D A D A A A Closed xxxxxx 2025-03-18 09:30 2025-03-21 08:12 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-Received executed final CD xxxxxx. Finding resolved. - Due Diligence Vendor-03/21/2025
Open-TRID: Missing Final Closing Disclosure - Due Diligence Vendor-03/18/2025
  Resolved-Received executed final CD xxxxxx. Finding resolved. - Due Diligence Vendor-03/21/2025
Qualifying DTI below maximum allowed - Maximum DTI 50%, subject 30.58%
Qualifying FICO score is at least 20 points above minimum for program - Fico required 680. subject 779
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830826   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830831   C B C B A A A A Closed xxxxxx 2025-03-17 14:19 2025-03-17 15:14 Waived 2 - Non-Material C B Credit Income/Employment Income documentation does not meet guidelines Waived-Client exception granted and in file, waiver applied with comp factors. (Non-Mat- Lender approved exception with valid comp factors)  - Due Diligence Vendor-03/17/2025
Open-The LTR 1007 came in at $3,500/mo which provides for a no ratio deal and we cannot use xxxxxx as there is not a completed or in-progress booking and there is no active listing. We ordered an STR Narrative analysis to qualify rental income which has a haircut of 80% applied. We are requesting to use the STR narrative in place of the LTR 1007. - Due Diligence Vendor-03/17/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. (Non-Mat- Lender approved exception with valid comp factors)  - Due Diligence Vendor-03/17/2025
DSCR % greater than 1.20 - DSCR is 1.552.
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 791; guidelines require 640. 
Audited FICO of 791 is more than Guideline FICO of 700.  DSCR is 1.55 greater than 1.3.  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
830853   C A C A A A A A Closed xxxxxx 2025-03-04 15:37 2025-03-06 12:21 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Incomplete Resolved-Document Uploaded. Received confirmation the borrower is a sole owner and uses SSN for the business. - Due Diligence Vendor-03/06/2025
Counter-Received Operating Agreement. Please provide IRS EIN for LLC. - Due Diligence Vendor-03/06/2025
Open-The Business Entity Formation Document is incomplete Missing EIN/Tax Identification Number for LLC and Entity documents that include a list of members/managers and ownership percentage (operating agreement).  - Due Diligence Vendor-03/04/2025
  Resolved-Document Uploaded. Received confirmation the borrower is a sole owner and uses SSN for the business. - Due Diligence Vendor-03/06/2025
Months Reserves exceed minimum required - 52 months reserves; 2 months reserves required
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 698; guidelines require 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
830854   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830864   C B C B A A A A Closed xxxxxx 2025-03-14 11:53 2025-04-16 12:45 Waived 2 - Non-Material C B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of 692 is less than Guideline FICO of 700 Client exception provided and in file, Waiver applied with comp factors. Exception deemed non-material as lenders guides allow score at this LTV, just limits cash out. - Due Diligence Vendor-04/16/2025
Open-Audited FICO of 692 is less than Guideline FICO of 700 - Due Diligence Vendor-04/16/2025
  Waived-Audited FICO of 692 is less than Guideline FICO of 700 Client exception provided and in file, Waiver applied with comp factors. Exception deemed non-material as lenders guides allow score at this LTV, just limits cash out. - Due Diligence Vendor-04/16/2025
Long term residence - 15 years
Months Reserves exceed minimum required - 88 months reserves; 2 months reserves required.
Experienced Investor owns and manages 2 or more properties for 12 mo's.
Current primary residence home ownership > 5 years.
Reserves exceed requirement by 6 mo's or more.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
830871   C A C A A A A A Closed xxxxxx 2025-03-18 11:26 2025-03-26 10:27 Resolved 1 - Information C A Credit Eligibility File does not contain LOX for credit inquiries Resolved-Received LOE. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/24/2025
Open-LOX for credit inquiries is missing.  The letter of explanation regarding credit inquiries was not identified in the file.  - Due Diligence Vendor-03/18/2025
  Resolved-Received LOE. - Due Diligence Vendor-03/26/2025
Months Reserves exceed minimum required - required reserves 12 months. Subject reserves 15.59 months
Qualifying FICO score is at least 20 points above minimum for program - Required FICO 680, subject FICO 780
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830876   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830878   D B D A C B A A Closed xxxxxx 2025-03-12 11:16 2025-03-26 10:57 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received PITIA. - Due Diligence Vendor-03/26/2025
Ready for Review-The property profile does in fact disclose under assessment and tax section the taxes– xxxxxx divided by 12 = xxxxxx - Buyer-03/24/2025
Counter-HOI and Property Report provided, however the Property report does not disclose the taxes.  Finding remains. - Due Diligence Vendor-03/17/2025
Open-No verification for taxes and insurance on departing residence.  - Due Diligence Vendor-03/12/2025
  Resolved-Received PITIA. - Due Diligence Vendor-03/26/2025
Qualifying FICO score is at least 20 points above minimum for program - Required FICO 680, subject FICO 820.
Qualifying DTI below maximum allowed - Program maximum DTI 50.00%, subject Maximum 41.33%. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830878   D B D A C B A A Closed xxxxxx 2025-03-10 17:02 2025-03-26 10:26 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-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 $25.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Received PCCD xxxxxx, copy of check, LOX and evidence of delivery.  Finding resolved. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/24/2025
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 $150.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Zero (0%) tolerance fees increased by $150.00 (Credit Report Fee and Tract Search Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $150.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx
 - Due Diligence Vendor-03/10/2025
  Resolved-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 $25.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Received PCCD xxxxxx, copy of check, LOX and evidence of delivery.  Finding resolved. - Due Diligence Vendor-03/26/2025
Qualifying FICO score is at least 20 points above minimum for program - Required FICO 680, subject FICO 820.
Qualifying DTI below maximum allowed - Program maximum DTI 50.00%, subject Maximum 41.33%. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830878   D B D A C B A A Closed xxxxxx 2025-03-10 16:13 2025-03-11 09:07 Waived 2 - Non-Material B B Compliance Data Borrower 1 Final Signature Date is in the future Waived-Borrower 1 Final Signature Date is greater than the transaction date of xxxxxx Client waiver applied to non-material Findings. - Due Diligence Vendor-03/11/2025   Waived-Borrower 1 Final Signature Date is greater than the transaction date of xxxxxx Client waiver applied to non-material Findings. - Due Diligence Vendor-03/11/2025
Qualifying FICO score is at least 20 points above minimum for program - Required FICO 680, subject FICO 820.
Qualifying DTI below maximum allowed - Program maximum DTI 50.00%, subject Maximum 41.33%. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
830885   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
830886   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
830887   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830892   C B C B A A A A Closed xxxxxx 2025-03-06 11:47 2025-03-10 08:57 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-Client provided a waiver required reserves, applied to non material finding with comp factors.
 - Due Diligence Vendor-03/10/2025
Open-Audited Reserves of 4.81 month(s) are less than Guideline Required Reserves of 6 month(s). - Due Diligence Vendor-03/06/2025
  Waived-Client provided a waiver required reserves, applied to non material finding with comp factors
 - Due Diligence Vendor-03/10/2025
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.056. .80 was required.
LTV is less than guideline maximum - 75% LTV is below 80% max.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830908   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
830913   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
830927   A A A A A A A A             A A                 QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Second Home Purchase NA      
830937   C A A A C A A A Closed xxxxxx 2025-03-10 14:49 2025-03-18 07:52 Resolved 1 - Information C A Compliance TRID Charges That In Total Cannot Increase More Than 10% Test Resolved-Recevied PCCD xxxxxx. Finding resolved. - Due Diligence Vendor-03/18/2025
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($960.00) exceed the comparable charges ($641.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Recording fees) increased by $254.90 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $254.90, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx. - Due Diligence Vendor-03/11/2025
  Resolved-Recevied PCCD xxxxxx. Finding resolved. - Due Diligence Vendor-03/18/2025
Qualifying FICO score is at least 20 points above minimum for program - o Qualifying FICO score 809; guidelines require 680
Qualifying DTI below maximum allowed - o Qualifying DTI 32.71%; max allowable 50%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830941   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      
830949   C B C B A A A A Closed xxxxxx 2025-02-25 17:34 2025-02-26 12:03 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Client exception granted and in file, waiver applied with comp factors.
 - Due Diligence Vendor-02/26/2025
Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $150000 Loan amount xxxxxx - Due Diligence Vendor-02/25/2025
  Waived-Client exception granted and in file, waiver applied with comp factors.
 - Due Diligence Vendor-02/26/2025
DSCR % greater than 1.20 - Qualifying DSCR is 1.264%
Months Reserves exceed minimum required - Minimum reserves are 6 months, Borrower has 60.14 months.
> 10+ months of reserves, Locked with prepay, Locked with escrows.  Borrower has more than 26 + months of reserves after closing.  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830950   D B D B A A A A Closed xxxxxx 2025-02-14 09:37 2025-02-20 10:55 Resolved 1 - Information D A Credit Missing Doc Missing Prepayment Rider-Credit Resolved-prepay addendum to the Note in file. - Due Diligence Vendor-02/20/2025
Open- - Due Diligence Vendor-02/14/2025
  Resolved-prepay addendum to the Note in file. - Due Diligence Vendor-02/20/2025
Long term residence - Longer term residence of 3 years
Months Reserves exceed minimum required - 60 months reserves exceed 6 months required
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
830950   D B D B A A A A Closed xxxxxx 2025-02-14 12:11 2025-02-18 18:08 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-02/18/2025
Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $150000 Exception in file for loan amount less than $150,000 at xxxxxx
 - Due Diligence Vendor-02/14/2025
  Waived-Client exception granted, waiver applied with comp factors - Due Diligence Vendor-02/18/2025
Long term residence - Longer term residence of 3 years
Months Reserves exceed minimum required - 60 months reserves exceed 6 months required
- 10+ reserves
- experienced investor
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
830963   D A D A A A A A Closed xxxxxx 2025-03-24 15:25 2025-04-03 12:17 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-Received validation for REOs PITIA. - Due Diligence Vendor-04/03/2025
Counter-Income calculation provided, however please provide the missing documentation for the REO's.  - Due Diligence Vendor-03/31/2025
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Pending missing income documents.  - Due Diligence Vendor-03/24/2025
  Resolved-Received validation for REOs PITIA. - Due Diligence Vendor-04/03/2025
Qualifying FICO score is at least 20 points above minimum for program - Required Fico 660, subject 787.
Months Reserves exceed minimum required - Required reserves 6 months, subject 61.34 months. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830963   D A D A A A A A Closed xxxxxx 2025-03-28 09:15 2025-04-03 12:15 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received HOA statements for REOs - Due Diligence Vendor-04/03/2025
Open-Payment on the 1003 for xxxxxx is $1,416, file contains taxes xxxxxx and HOI $67.90 total $xxxxxx. Need HOA dues, tax bill indicates the property is a xxxxxx. Provide additional documentation to support payment used on the 1003.
Payment on the 1003 for xxxxxx is $814, file contains taxes xxxxxx and HOI $106.10 total xxxxxx.  Provide additional documentation to support payment used on the 1003. - Due Diligence Vendor-03/28/2025
  Resolved-Received HOA statements for REOs - Due Diligence Vendor-04/03/2025
Qualifying FICO score is at least 20 points above minimum for program - Required Fico 660, subject 787.
Months Reserves exceed minimum required - Required reserves 6 months, subject 61.34 months. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830963   D A D A A A A A Closed xxxxxx 2025-03-24 15:23 2025-03-28 09:21 Resolved 1 - Information C A Credit Income/Employment Income 3 Months Income Verified is Missing Resolved-Finding added for MISSING VERIFICATION OF TAXES, INSURANCE, AND/OR HOA FEES FOR NON-SUBJECT PROPERTY - Due Diligence Vendor-03/28/2025
Open-Income 3 Months Income Verified is Missing Verified information in the file is much lower than the loss used by the lender. Lender to provide documentation supporting the loss amount on the application - Due Diligence Vendor-03/24/2025
  Resolved-Finding added for MISSING VERIFICATION OF TAXES, INSURANCE, AND/OR HOA FEES FOR NON-SUBJECT PROPERTY - Due Diligence Vendor-03/28/2025
Qualifying FICO score is at least 20 points above minimum for program - Required Fico 660, subject 787.
Months Reserves exceed minimum required - Required reserves 6 months, subject 61.34 months. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830963   D A D A A A A A Closed xxxxxx 2025-03-24 15:23 2025-03-28 09:21 Resolved 1 - Information C A Credit Income/Employment Income 2 Months Income Verified is Missing Resolved-Finding added for MISSING VERIFICATION OF TAXES, INSURANCE, AND/OR HOA FEES FOR NON-SUBJECT PROPERTY - Due Diligence Vendor-03/28/2025
Open-Income 2 Months Income Verified is Missing Verified information in the file is much lower than the loss used by the lender. Lender to provide documentation supporting the loss amount on the application - Due Diligence Vendor-03/24/2025
  Resolved-Finding added for MISSING VERIFICATION OF TAXES, INSURANCE, AND/OR HOA FEES FOR NON-SUBJECT PROPERTY - Due Diligence Vendor-03/28/2025
Qualifying FICO score is at least 20 points above minimum for program - Required Fico 660, subject 787.
Months Reserves exceed minimum required - Required reserves 6 months, subject 61.34 months. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
830972   C A C A C A A A Closed xxxxxx 2025-03-18 11:34 2025-03-21 12:32 Resolved 1 - Information B A Credit Debt Missing proof of liability not disclosed on credit report Resolved-Received revised 1008 removing the HOA. - Due Diligence Vendor-03/21/2025
Open-Lender 1008 shows small association fee, missing evidence to support, audit used stated amount. - Due Diligence Vendor-03/18/2025
  Resolved-Received revised 1008 removing the HOA. - Due Diligence Vendor-03/21/2025
Qualifying DTI below maximum allowed - 45.99% DTI is below 50% maximum
Months Reserves exceed minimum required - 31 months reserves exceed 6 month minimum
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830972   C A C A C A A A Closed xxxxxx 2025-03-13 14:43 2025-03-21 08:17 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Received DOT with legal description, Attachment A - Due Diligence Vendor-03/21/2025
Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Legal description is missing - Due Diligence Vendor-03/13/2025
  Resolved-Received DOT with legal description, Attachment A - Due Diligence Vendor-03/21/2025
Qualifying DTI below maximum allowed - 45.99% DTI is below 50% maximum
Months Reserves exceed minimum required - 31 months reserves exceed 6 month minimum
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
830972   C A C A C A A A Closed xxxxxx 2025-03-13 15:16 2025-03-18 11:35 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Upon further review, meet guideline. No additional documentation required. - Due Diligence Vendor-04/16/2025
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 $32.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Finding Resolved.  - Due Diligence Vendor-03/13/2025
  Resolved-Upon further review, meet guideline. No additional documentation required. - Due Diligence Vendor-04/16/2025
Qualifying DTI below maximum allowed - 45.99% DTI is below 50% maximum
Months Reserves exceed minimum required - 31 months reserves exceed 6 month minimum
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831002   C B A A B B C A Closed xxxxxx 2025-03-09 10:48 2025-03-24 15:32 Resolved 1 - Information C A Property Property FEMA disaster declared INDIVIDUAL Resolved-Received PDI with an inspection date of xxxxxx. No damage. - Due Diligence Vendor-03/24/2025
Ready for Review-A Post Disaster Inspection was uploaded on xxxxxx. Please clear this condition. - Seller-03/21/2025
Counter-Please provide a Post Disaster Inspection.  - Due Diligence Vendor-03/20/2025
Counter-Document Uploaded.  - Seller-03/14/2025
Ready for Review-Document Uploaded. Can you please review the Lender certification and advise if this condition can be cleared or not? Please advise. - Seller-03/13/2025
Open-xxxxxx Incident Period: xxxxxx.  Appraisal completed xxxxxx.  No commentary made by appraiser surrounding FEMA disaster  - Due Diligence Vendor-03/09/2025
Ready for Review-A Post Disaster Inspection was uploaded on xxxxxx. Please clear this condition. - Seller-03/21/2025
 Ready for Review-Document Uploaded. Can you please review the Lender certification and advise if this condition can be cleared or not? Please advise. - Seller-03/13/2025
Resolved-Received PDI with an inspection date of xxxxxx. No damage. - Due Diligence Vendor-03/24/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO 761 is higher than minimum required 680
Qualifying DTI below maximum allowed - Guidelines allow DTI to 49.99%.  Qualifying DTI is 35.09%. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831002   C B A A B B C A Closed xxxxxx 2025-03-07 09:56 2025-03-07 10:57 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings.   - Due Diligence Vendor-03/07/2025   Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings.   - Due Diligence Vendor-03/07/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO 761 is higher than minimum required 680
Qualifying DTI below maximum allowed - Guidelines allow DTI to 49.99%.  Qualifying DTI is 35.09%. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
831004   C A C A A A A A Closed xxxxxx 2025-03-07 16:04 2025-03-11 13:56 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-Received Internet Search for both borrowers. - Due Diligence Vendor-03/11/2025
Ready for Review-Document Uploaded.  - Seller-03/10/2025
Open-Missing business phone number verification for both B1 and B2.  Per guidelines - Business phone number must be verifiable via xxxxxx, 411.com or internet. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded.  - Seller-03/10/2025
Resolved-Received Internet Search for both borrowers. - Due Diligence Vendor-03/11/2025
Months Reserves exceed minimum required - Guides require 4 months reserves and the borrowers have 6 months.
Qualifying DTI below maximum allowed - Qualifying DTI 44.46% is lower than the guideline max of 49.99%.
  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
831011   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      
831012   D A D A A A A A Closed xxxxxx 2025-03-18 16:46 2025-03-24 13:22 Resolved 1 - Information C A Credit Eligibility Condo project has pending litigation Resolved-The HOA is the plaintiff and the xxxxxx defect is limited to the common areas. - Due Diligence Vendor-03/24/2025
Open-Appraiser notes pending litigation.  Provide acceptable supporting documentation:  reason for litigation, confirmation if against HOA, confirm minor or major in nature, confirm non structural, amount and provide letter from HOA or Attorney confirming lawsuit is covered by insurance. - Due Diligence Vendor-03/18/2025
  Resolved-The HOA is the plaintiff and the xxxxxx defect is limited to the common areas. - Due Diligence Vendor-03/24/2025
Qualifying FICO score is at least 20 points above minimum for program - 804>700
Months Reserves exceed minimum required - 6<33
  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
831012   D A D A A A A A Closed xxxxxx 2025-03-18 15:56 2025-03-19 09:02 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Gap credit not required for guaranteed rate. - Due Diligence Vendor-03/19/2025
Open-Borrower 1 Gap Credit Report is Missing Provide Gap report. - Due Diligence Vendor-03/18/2025
  Resolved-Gap credit not required for guaranteed rate. - Due Diligence Vendor-03/19/2025
Qualifying FICO score is at least 20 points above minimum for program - 804>700
Months Reserves exceed minimum required - 6<33
  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
831012   D A D A A A A A Closed xxxxxx 2025-03-18 15:56 2025-03-19 09:02 Resolved 1 - Information D A Credit Missing Doc Borrower 2 Gap Credit Report is Missing Resolved-Gap credit not required for guaranteed rate. - Due Diligence Vendor-03/19/2025
Open-Borrower 2 Gap Credit Report is Missing Provide Gap Report. - Due Diligence Vendor-03/18/2025
  Resolved-Gap credit not required for guaranteed rate. - Due Diligence Vendor-03/19/2025
Qualifying FICO score is at least 20 points above minimum for program - 804>700
Months Reserves exceed minimum required - 6<33
  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
831015   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831016   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831018   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831034   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831045   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831055   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831066   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831084   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA      
831089   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831090   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
831111   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Refinance Cash Out - Other      
831125   C B C B A A A A Closed xxxxxx 2025-02-19 18:16 2025-02-20 10:49 Waived 2 - Non-Material C B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/20/2025
Open-Housing History Does Not Meet Guideline Requirements Housing history for the DSCR Doc type is required for the borrower’s primary residence. The borrower is currently living rent free.   - Due Diligence Vendor-02/19/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/20/2025
On time mortgage history exceeds guideline requirement - 0x30x48 on other rental property
Qualifying FICO score is at least 20 points above minimum for program - 779 > 700
FICO 10+ > guidelines
Low credit utilization
Investor Experience
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831134   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831157   D B D B A A A A Closed xxxxxx 2025-03-03 17:18 2025-04-16 13:11 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/05/2025
Open-Property Issues are identified for the property Exception for use of Budget and inspection provided in lieu of questions on the condo questionnaire that were not answered. - Due Diligence Vendor-03/03/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/05/2025
Long term residence - 15 Years
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 774; guidelines require 700. 
Reserves exceed requirement by 10 months or more
Credit Score 30+ points > minimum required
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
831157   D B D B A A A A Closed xxxxxx 2025-03-03 17:35 2025-03-06 13:36 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Full fraud report provided. - Due Diligence Vendor-03/06/2025
Counter-Received participant search and clearance.  Missing full Fraud Report.   - Due Diligence Vendor-03/06/2025
Open-Missing Third Party Fraud Report Missing Fraud Rep  - Due Diligence Vendor-03/03/2025
  Resolved-Full fraud report provided. - Due Diligence Vendor-03/06/2025
Long term residence - 15 Years
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 774; guidelines require 700. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
831162   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831163   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831175   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831185   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831189   C B C B B A A A Closed xxxxxx 2025-03-20 12:46 2025-03-25 09:15 Resolved 1 - Information B A Compliance State Reg NY Subprime Loan Test Resolved-APR on subject loan of 8.115% is within allowable threshold of APOR of 6.88% + 1.75% or 8.63%.- condition resolved. - Due Diligence Vendor-03/25/2025
Open-Compliant NY Subprime-APR is within allowable threshold of excess of allowable threshold of APOR Compliant NY Subprime- APR on subject loan of 8.115% is within allowable threshold of APOR of 6.88% + 1.75% or 8.63%. - Due Diligence Vendor-03/20/2025
  Resolved-APR on subject loan of 8.115% is within allowable threshold of APOR of 6.88% + 1.75% or 8.63%.- condition resolved. - Due Diligence Vendor-03/25/2025
Qualifying FICO score is at least 20 points above minimum for program - Required FICO 660, subject 737.
Months Reserves exceed minimum required - 6 months reserves required, subject 7.34 months. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831189   C B C B B A A A Closed xxxxxx 2025-03-24 09:34 2025-03-24 10:57 Waived 2 - Non-Material C B Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client allowed - Due Diligence Vendor-03/24/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Exception in file: Rental history payment paid with cash VS GL Any VOR completed by a private party must be supported by alternative documentation showing the most recent 6-month history (cancelled checks, mortgage statements including payment history, etc.) - Due Diligence Vendor-03/24/2025
  Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client allowed - Due Diligence Vendor-03/24/2025
Qualifying FICO score is at least 20 points above minimum for program - Required FICO 660, subject 737.
Months Reserves exceed minimum required - 6 months reserves required, subject 7.34 months. 
Credit Score 30+ points > minimum required
Self-employed for > 5 years
Reserves exceed requirement by 10 months or more
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
831203   C A C A A A A A Closed xxxxxx 2025-02-28 13:31 2025-03-05 14:56 Resolved 1 - Information C A Credit Eligibility Missing Property Tax Cert Resolved-Updated Tax Cert provided reflecting Calculation; subject is xxxxxx.  - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded. Please see attached. xxxxxx. - Seller-03/05/2025
Counter-Current taxes provided, please provide verification of the taxes used for qualification. - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-03/03/2025
Open-Missing property tax cert or estimated based on improvement (not land only) to match taxes collected on Final CD - Due Diligence Vendor-02/28/2025
Ready for Review-Document Uploaded. Please see attached. xxxxxx. - Seller-03/05/2025
 Ready for Review-Document Uploaded. Please see attached. - Seller-03/03/2025
Resolved-Updated Tax Cert provided reflecting Calculation; subject is xxxxxx.  - Due Diligence Vendor-03/05/2025
Months Reserves exceed minimum required - 295 months reserves; 6 months reserves required.
Long term residence - 5 years
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831210   D A D A A A A A Closed xxxxxx 2025-03-07 16:04 2025-03-18 11:49 Resolved 1 - Information C A Credit Income/Employment Borrower 1 Paystubs Less Than 1 Month Provided Resolved-Received complete pay statements for B1. - Due Diligence Vendor-03/18/2025
Counter-Most recent paystubs covering 30 days required-as per guidelines-finding remains. - Due Diligence Vendor-03/14/2025
Open-Borrower 1 Paystubs Less Than 1 Month Provided Guides require full 30 days. - Due Diligence Vendor-03/10/2025
  Resolved-Received complete pay statements for B1. - Due Diligence Vendor-03/18/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO = 748     Min FICO = 680
On time mortgage history exceeds guideline requirement - On Time Mortgage History = 32 Months       Required = 12 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
831210   D A D A A A A A Closed xxxxxx 2025-03-10 12:46 2025-03-18 11:49 Resolved 1 - Information D A Credit Missing Doc Borrower 1 W2/1099 Missing Resolved-Received W2s for B1 - Due Diligence Vendor-03/18/2025
Counter-Most recent 2-years’ W-2s-along with transcripts required per guidelines-finding remains.
 - Due Diligence Vendor-03/14/2025
Open-Borrower 1 W2/1099 Missing Guide requires actual W2-transcripts only in file. - Due Diligence Vendor-03/10/2025
  Resolved-Received W2s for B1 - Due Diligence Vendor-03/18/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO = 748     Min FICO = 680
On time mortgage history exceeds guideline requirement - On Time Mortgage History = 32 Months       Required = 12 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
831220   C B C B A A A A Closed xxxxxx 2025-02-25 16:21 2025-02-26 12:19 Waived 2 - Non-Material C B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Client exception granted and in file, waiver applied with comp factors.
 - Due Diligence Vendor-02/26/2025
Open-Audited FICO of 678 is less than Guideline FICO of 680 Current Credit Score 678.  Required Credit Score 680 - Due Diligence Vendor-02/25/2025
  Waived-Client exception granted and in file, waiver applied with comp factors.
 - Due Diligence Vendor-02/26/2025
Months Reserves exceed minimum required - 340 months reserves; 2 months reserves required.
On time mortgage history exceeds guideline requirement - 0x30x46
Reserves 12 Plus > Guidelines (340 months)
LTV less then 5 Percent of Guidelines (Not valid since max is 75%)
Mortgage History 0x30x34 (Actual 0x30x46)
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831248   D A D A A A C A Closed xxxxxx 2025-03-12 14:51 2025-03-18 11:44 Resolved 1 - Information D A Credit Missing Doc - Credit HOA Questionnaire Document is Missing Resolved-Received Questionnaire. - Due Diligence Vendor-03/18/2025
Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. -HOA Questionnaire Document is Missing.  - Due Diligence Vendor-03/12/2025
  Resolved-Received Questionnaire. - Due Diligence Vendor-03/18/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO 772 is 20+ points above 700 minimum
Months Reserves exceed minimum required - 22 months reserves exceed 2 month minimum required
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831248   D A D A A A C A Closed xxxxxx 2025-03-12 17:38 2025-03-18 11:44 Resolved 1 - Information C A Property Property Condo Project Warrantable is Unable to Determine Resolved-Received Questionnaire confirming subject is a xxxxxx. - Due Diligence Vendor-03/18/2025
Open-Missing Condo Questionnaire: Unable to determine if Subject is in fact a xxxxxx. Loan Is locked as xxxxxx, and Change of Circumstance states "Per the xxxxxx team after reviewing xxxxxx docs, this is a xxxxxx so needs to be updated accordingly". The is no indication in appraisal that the subject is a xxxxxx. Need Questionnaire to determine Condo Warrantability. - Due Diligence Vendor-03/12/2025
  Resolved-Received Questionnaire confirming subject is a Condotel. - Due Diligence Vendor-03/18/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO 772 is 20+ points above 700 minimum
Months Reserves exceed minimum required - 22 months reserves exceed 2 month minimum required
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831265   B B A A B B A A Closed xxxxxx 2025-03-19 10:09 2025-03-19 10:09 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-03/19/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-03/19/2025
Months Reserves exceed minimum required - 102 Reserves exceed minimum required 3
LTV is less than guideline maximum - LTV 80% is less than 90% max allowed 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA Investor Post-Close No xxxxxx
831277   C B C B A A A A Closed xxxxxx 2025-03-04 09:32 2025-03-04 16:19 Waived 2 - Non-Material C B Credit Eligibility Builder in Control of the HOA Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/04/2025
Open-Builder is in control of HOA Builder in control of HOA with no date given on transfer other than "60 days after 75% of units conveyed" - Due Diligence Vendor-03/04/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/04/2025
Months Reserves exceed minimum required - 173 months reserves
LTV is less than guideline maximum - LTV 70% is lower than maximum 75%
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 791 is higher than the required 680
On time mortgage history exceeds guideline requirement - 0x30x48
Reserves exceed requirement by 10 months or more
Experienced investor owns and manages 2 or more properties for 12 months
0x30 for 48 months on all mortgages
Current primary home ownership > 5 years
Credit Score 30+ points > minimum required
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831277   C B C B A A A A Closed xxxxxx 2025-03-04 16:17 2025-03-04 16:19 Waived 2 - Non-Material C B Credit Eligibility Condo does not meet requirements Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/17/2025
Open-New construction project, common elements are not 100% completed. Uncomplete elements are cosmetic in nature and have no health or safety concern. - Due Diligence Vendor-04/17/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/17/2025
Months Reserves exceed minimum required - 173 months reserves
LTV is less than guideline maximum - LTV 70% is lower than maximum 75%
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 791 is higher than the required 680
On time mortgage history exceeds guideline requirement - 0x30x48
Reserves exceed requirement by 10 months or more
Experienced investor owns and manages 2 or more properties for 12 months
0x30 for 48 months on all mortgages
Current primary home ownership > 5 years
Credit Score 30+ points > minimum required
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831284   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831285   C A A A C A A A Closed xxxxxx 2025-03-07 11:40 2025-03-10 11:18 Resolved 1 - Information C A Compliance TRID Charges That In Total Cannot Increase More Than 10% Test Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. Please review the attached calculation. It doesn't exceeds 10%.  - Seller-03/09/2025
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($2,300.00) exceed the comparable charges ($2,025.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). Ten (10%) tolerance fees (Recording Fee) increased by $72.50 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $72.50, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded. Please review the attached calculation. It doesn't exceeds 10%.  - Seller-03/09/2025
Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-03/10/2025
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 705 is more than 20 points higher than the guideline min of 660.
Qualifying DTI below maximum allowed - Qualifying DTI 37.28 is lower than the guideline max of 49.99.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
831298   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831300   C B C A B B A A Closed xxxxxx 2025-03-17 17:12 2025-03-24 10:52 Resolved 1 - Information C A Credit Eligibility File does not contain LOX for credit inquiries Resolved-Received credit inquiry letter. - Due Diligence Vendor-03/24/2025
Open-LOX for credit inquiries is missing.  No LOE for inquiry - Due Diligence Vendor-03/17/2025
  Resolved-Received credit inquiry letter. - Due Diligence Vendor-03/24/2025
Qualifying DTI below maximum allowed - o Qualifying DTI 9.6%; max allowable 50%.
Months Reserves exceed minimum required - o 25 months reserves; 6 months reserves required
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
831300   C B C A B B A A Closed xxxxxx 2025-03-13 14:00 2025-03-13 14:00 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-03/13/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-03/13/2025
Qualifying DTI below maximum allowed - o Qualifying DTI 9.6%; max allowable 50%.
Months Reserves exceed minimum required - o 25 months reserves; 6 months reserves required
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
831318   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831319   D B D B A A D A Closed xxxxxx 2025-03-06 16:12 2025-04-16 10:10 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-03/20/2025
Open-Additional valuation product has not been provided.  - Due Diligence Vendor-03/06/2025
  Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-03/20/2025
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 768 with required 660
LTV is less than guideline maximum - LTV 54% is lower than max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831319   D B D B A A D A Closed xxxxxx 2025-03-11 11:12 2025-04-03 12:08 Waived 2 - Non-Material C B Credit Eligibility Condo does not meet requirements Waived-The request for an exception to Verus's eligibility criteria is granted for commercial space. Client waiver applied with comp factor. - Due Diligence Vendor-04/16/2025
Counter-67% of the condominium project is dedicated to retail space. Per guides maximum commercial space is 49%. Per appraisal commercial space is 67% of the project.  - Due Diligence Vendor-03/13/2025
Open- - Due Diligence Vendor-03/11/2025
  Waived-The request for an exception to Verus's eligibility criteria is granted for commercial space. Client waiver applied with comp factor. - Due Diligence Vendor-04/16/2025
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 768 with required 660
LTV is less than guideline maximum - LTV 54% is lower than max 75%
Compensating Factor 1 - LTV/CLTV 10% or more below the maximum allowed under applicable guidelines / Compensating Factor 2 - Credit Score 30+ points > minimum required / Compensating Factor 3 - Reserves exceed requirement by 10 months or more ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831319   D B D B A A D A Closed xxxxxx 2025-03-06 16:42 2025-03-28 11:15 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received complete fraud report. - Due Diligence Vendor-03/28/2025
Counter-Fraud report provided, however it did not include all loan participants.  Missing Seller, realtors, title agents..etc.. - Due Diligence Vendor-03/20/2025
Open-Missing Third Party Fraud Report The Fraud report was not identified in the file. This is a required document. Additional conditions may apply.  - Due Diligence Vendor-03/06/2025
  Resolved-Received complete fraud report. - Due Diligence Vendor-03/28/2025
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 768 with required 660
LTV is less than guideline maximum - LTV 54% is lower than max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831319   D B D B A A D A Closed xxxxxx 2025-03-06 17:15 2025-03-28 11:13 Resolved 1 - Information C A Credit Assets Asset 2 Does Not Meet Guideline Requirements Resolved-Received 100% access letter.  - Due Diligence Vendor-03/28/2025
Counter-Access letter provided for xxxxxx, please provide the 100% access letter for xxxxxx - Due Diligence Vendor-03/20/2025
Open-Asset Record 2 Does Not Meet G/L Requirements An access letter for the xxxxxx checking and savings showing the borrower had full access to these funds was not provided. There is an additional party on the xxxxxx bank account.  - Due Diligence Vendor-03/10/2025
  Resolved-Received 100% access letter.  - Due Diligence Vendor-03/28/2025
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 768 with required 660
LTV is less than guideline maximum - LTV 54% is lower than max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831319   D B D B A A D A Closed xxxxxx 2025-03-07 15:35 2025-03-10 16:36 Waived 2 - Non-Material B B Credit Missing Doc Approval/Underwriting Summary Not Provided Waived-Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-03/10/2025
Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-03/07/2025
  Waived-Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-03/10/2025
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 768 with required 660
LTV is less than guideline maximum - LTV 54% is lower than max 75%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Originator Post-Close No xxxxxx
831321   D B C B A A D A Closed xxxxxx 2025-02-24 11:36 2025-03-19 10:17 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-The request for an exception to Verus's eligibility criteria is granted for reserves. Deemed non-material, less that 1 week short. - Due Diligence Vendor-03/19/2025
Ready for Review-The request for an exception to Verus's eligibility criteria is granted. Compensating Factor 1 - LTV/CLTV 5% or more below the maximum allowed under applicable guidelines / Compensating Factor 2 - Credit Score 20 points > minimum required - Seller-03/18/2025
Open-Audited Reserves of 2.94 month(s) are less than Guideline Required Reserves of 3 month(s) Finding remains open and material, life insurance policy is not dated, these funds are required to meet reserves. - Due Diligence Vendor-02/24/2025
Ready for Review-The request for an exception to Verus's eligibility criteria is granted. Compensating Factor 1 - LTV/CLTV 5% or more below the maximum allowed under applicable guidelines / Compensating Factor 2 - Credit Score 20 points > minimum required - Seller-03/18/2025
Waived-The request for an exception to Verus's eligibility criteria is granted for reserves. Deemed non-material, less that 1 week short. - Due Diligence Vendor-03/19/2025
LTV is less than guideline maximum - 65% < 70%
Qualifying FICO score is at least 20 points above minimum for program - 680 > 660
Compensating Factor 1 - LTV/CLTV 5% or more below the maximum allowed under applicable guidelines / Compensating Factor 2 - Credit Score 20 points > minimum required ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831321   D B C B A A D A Closed xxxxxx 2025-02-24 11:33 2025-03-17 11:08 Resolved 1 - Information C A Credit Assets Asset 2 Expired Resolved-Received exchange letter date xxxxxx which is dated prior to close. - Due Diligence Vendor-03/13/2025
Open-Asset 2 Expired 1031 exchange letter is 125 days old, max 90 days - Due Diligence Vendor-02/24/2025
  Resolved-Received exchange letter date xxxxxx.  which is dated prior to close. - Due Diligence Vendor-03/13/2025
LTV is less than guideline maximum - 65% < 70%
Qualifying FICO score is at least 20 points above minimum for program - 680 > 660
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831321   D B C B A A D A Closed xxxxxx 2025-02-25 10:16 2025-03-17 11:08 Resolved 1 - Information C A Credit Assets Asset 3 Does Not Meet Guideline Requirements Resolved-Upon further review, the loan file contained all required life insurance date documentation. - Due Diligence Vendor-03/03/2025
Open-Asset Record 3 Does Not Meet G/L Requirements Life insurance statement is not dated, must be within 90 days of closing. - Due Diligence Vendor-02/25/2025
  Resolved-Upon further review, the loan file contained all required life insurance date documentation. - Due Diligence Vendor-03/03/2025
LTV is less than guideline maximum - 65% < 70%
Qualifying FICO score is at least 20 points above minimum for program - 680 > 660
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831321   D B C B A A D A Closed xxxxxx 2025-02-24 10:50 2025-03-03 09:10 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Received acceptable desk review supporting value. - Due Diligence Vendor-03/03/2025
Open-Additional valuation product has not been provided.  Missing desk review or CU/LCA with acceptable score. - Due Diligence Vendor-02/24/2025
  Resolved-Received acceptable desk review supporting value. - Due Diligence Vendor-03/03/2025
LTV is less than guideline maximum - 65% < 70%
Qualifying FICO score is at least 20 points above minimum for program - 680 > 660
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831321   D B C B A A D A Closed xxxxxx 2025-02-24 11:36 2025-02-25 11:16 Waived 2 - Non-Material B B Credit Missing Doc Approval/Underwriting Summary Not Provided Waived-Client waiver applied to non material finding with comp factors. - Due Diligence Vendor-02/25/2025
Open-Missing Approval/Underwriting Summary Missing Loan Approval or Underwriting Summary. - Due Diligence Vendor-02/24/2025
  Waived-Client waiver applied to non material finding with comp factors. - Due Diligence Vendor-02/25/2025
LTV is less than guideline maximum - 65% < 70%
Qualifying FICO score is at least 20 points above minimum for program - 680 > 660
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831324   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831325   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831361   C A C A A A A A Closed xxxxxx 2025-03-05 11:02 2025-03-06 13:36 Resolved 1 - Information C A Credit Eligibility Condo project has pending litigation Resolved-HOA is plaintiff, litigation meets guideline requirements - Due Diligence Vendor-03/06/2025
Open-The case involves an allegation against the HOA who is the plaintiff regarding xxxxxx units that have xxxxxx pg2. Also states the xxxxxx of these types of private amenities that service a xxxxxx unit must be paid for by the unit owner. Pg 731 the Defendant plans to equally charge unit owners the cost of the xxxxxx regardless of whether they own a xxxxxx unit with a xxxxxx that services the particular xxxxxx unit or not. Lawsuit is against the HOA. Its minor in nature. The Lawsuit does not relate to the building’s safety, structural or functionality. the lawsuit is not structural in nature and not against the subject unit. Amount of lawsuit estimated to be $xxxxxx.  to $xxxxxx. per xxxxxx.  Pg. 736. The file does not contain a letter from an attorney or insurer stating lawsuit is covered by insurance. - Due Diligence Vendor-03/05/2025
  Resolved-HOA is plaintiff, litigation meets guideline requirements - Due Diligence Vendor-03/06/2025
Months Reserves exceed minimum required - 23 mths reserves; 2 mths required
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, Bwr FICO 788
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831369   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
831371   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831376   C B C B A A A A Closed xxxxxx 2025-04-17 13:07 2025-04-17 13:08 Waived 2 - Non-Material C B Credit Eligibility Property/Appraisal General (Credit) Waived-Client exception granted and in file, waiver applied with comp factors. Finding deemed non-material. xxxxxx and do not create a health or safety concern. - Due Diligence Vendor-04/17/2025
Open-Lender Exception: "Non Warrantable Condo Features: xxxxxx report, xxxxxx that are scheduled but not yet completed"  - Due Diligence Vendor-04/17/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Finding deemed non-material. xxxxxx and do not create a health or safety concern. - Due Diligence Vendor-04/17/2025
Months Reserves exceed minimum required - 52 mths reserves; 3 mths required.
Qualifying FICO score is at least 20 points above minimum for program - o Qualifying FICO score 765; guidelines require 660
Experienced Investor
Reserves
Credit Score
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831376   C B C B A A A A Closed xxxxxx 2025-04-17 12:56 2025-04-17 12:57 Resolved 1 - Information C A Credit Eligibility Property Does Not Meet Guidelines (credit) Resolved-After further review- Structural integrity report is provided in the file, several repairs are needing to be made however, all are xxxxxx in different areas such as xxxxxx. The structural integrity reserve study has life of 9 years remaining, as does the xxxxxx inspection. xxxxxx are scheduled in April 2025. Condition is now resolved - Due Diligence Vendor-04/17/2025
Open-No evidence of an inspection on file. (xxxxxx within xxxxxx miles of coast, over 30 years old, etc) - Due Diligence Vendor-04/17/2025
  Resolved-After further review- Structural integrity report is provided in the file, several xxxxxx are needing to be made however, all are xxxxxx in different areas such as xxxxxx. The structural integrity reserve study has life of 9 years remaining, as does the xxxxxx inspection. xxxxxx are scheduled in April 2025. Condition is now resolved - Due Diligence Vendor-04/17/2025
Months Reserves exceed minimum required - 52 mths reserves; 3 mths required.
Qualifying FICO score is at least 20 points above minimum for program - o Qualifying FICO score 765; guidelines require 660
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831399   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831401   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831409   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      
831412   D A D A A A A A Closed xxxxxx 2025-03-17 16:18 2025-03-26 11:29 Resolved 1 - Information C A Credit Debt Missing proof of liability not disclosed on credit report Resolved-Received confirmation property not owned by borrower-corrected 1003. - Due Diligence Vendor-03/26/2025
Open-Verification of the PITIA payment on xxxxxx purchased at the same time as the subject.  - Due Diligence Vendor-03/17/2025
  Resolved-Received confirmation property not owned by borrower-corrected 1003. - Due Diligence Vendor-03/26/2025
Months Reserves exceed minimum required - 6 months reserves required, 102 months reserves on subject.
Qualifying FICO score is at least 20 points above minimum for program - 680 FICO required 723 Fico on subject transaction. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831412   D A D A A A A A Closed xxxxxx 2025-03-17 15:01 2025-03-24 10:57 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Received UDM report for both borrowers. - Due Diligence Vendor-03/24/2025
Open-Borrower 1 Gap Credit Report is Missing The Gap Credit Report for the borrower and co-borrower was not identified in the file. Debt monitoring was not identified on the fraud report.  - Due Diligence Vendor-03/17/2025
  Resolved-Received UDM report for both borrowers. - Due Diligence Vendor-03/24/2025
Months Reserves exceed minimum required - 6 months reserves required, 102 months reserves on subject.
Qualifying FICO score is at least 20 points above minimum for program - 680 FICO required 723 Fico on subject transaction. 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831419   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831435   C B C B A A A A Closed xxxxxx 2025-03-27 07:22 2025-03-27 11:01 Waived 2 - Non-Material C B Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Client exception granted and in file, waiver applied. Deemed non material to comp factors - Due Diligence Vendor-03/27/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. 2 of the last 6 months paid in cash and unable to be verified.  Guides require 6 months proof of payment for private landlord - Due Diligence Vendor-03/27/2025
  Waived-Client exception granted and in file, waiver applied. Deemed non material to comp factors - Due Diligence Vendor-03/27/2025
LTV is less than guideline maximum - Max LTV 80% / Subject LTV 57.73%
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660 / Borrower FICO 785
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
Credit Score 30+ points > minimum required
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
831438   C B A A C B A A Closed xxxxxx 2025-03-04 13:40 2025-03-31 08:40 Cured 2 - Non-Material C B Compliance TRID Charges That Cannot Increase Test Cured-Rec'd LOE, PCCD issued xxxxxx, copy of check in the amount of 74.76 & shipping label.  Finding cured. - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please see attached.  xxxxxx - Buyer-03/28/2025
Counter-Received CD for different borrower, finding remains. - Due Diligence Vendor-03/24/2025
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 $74.76.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). -----Zero (0%) tolerance fees increased by $74.76 (2nd Credit Report Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $74.76, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-03/04/2025
  Cured-Rec'd LOE, PCCD issued xxxxxx, copy of check in the amount of 74.76 & shipping label.  Finding cured. - Due Diligence Vendor-03/31/2025
Qualifying DTI below maximum allowed - MAXIMUM DTI ALLOWED 50%- BWR DTI 25.39%
Months Reserves exceed minimum required - 6 MONTHS RESERVES REQUIRED; 66 MOS
  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
831444   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
831446   C B C B A A A A Closed xxxxxx 2025-04-17 13:14 2025-04-17 13:14 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/17/2025
Open-Property listed for sale ineligible - exception provided by lender; Non-Material due to listing error. - Due Diligence Vendor-04/17/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/17/2025
Verified employment history exceeds guidelines - 10+ years exceeds 24 month minimum required
Months Reserves exceed minimum required - 16.73 months reserves exceed 0 months required 
Self employed for > 10 years
Residual income more than 1.5 amount required y guidelines
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
831467   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831468   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831471   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA      
831479   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831506   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831516   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831526   B B A A B B A A Closed xxxxxx 2025-03-18 11:28 2025-03-18 12:20 Waived 2 - Non-Material B B Compliance Missing Doc Home Loan Toolkit is Missing Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/18/2025   Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/18/2025
Qualifying FICO score is at least 20 points above minimum for program - Score 793 and minimum allowed is 660.
LTV is less than guideline maximum - LTV is 70& and max allowed is 80%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
831527   D A D A A A A A Closed xxxxxx 2025-03-17 13:21 2025-03-21 15:06 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received HOA confirmation.  - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. I've never been asked for this condition before. I have never sent any documentation to support no HOA in the other loans. May I know what caused this condition? In addition, the insurance shows the property type is SFR. - Seller-03/19/2025
Counter-Please provide documentation to support no HOA.  - Due Diligence Vendor-03/19/2025
Ready for Review-It is a single family home and doesn't have HOA dues. - Seller-03/17/2025
Open-Missing if borrower has HOA dues on REO xxxxxx. is so we need HOA cert document. - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. I've never been asked for this condition before. I have never sent any documentation to support no HOA in the other loans. May I know what caused this condition? In addition, the insurance shows the property type is SFR. - Seller-03/19/2025
 Ready for Review-It is a single family home and doesn't have HOA dues. - Seller-03/17/2025
Resolved-Received HOA confirmation.  - Due Diligence Vendor-03/21/2025
Qualifying DTI below maximum allowed - Qualifying DTI is 42.62% : max permitted 50%.
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 789; minimum score 660.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831530   A A A A A A A A             A A                 QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA      
831534   C A B A C A A A Closed xxxxxx 2025-02-20 16:22 2025-03-03 15:09 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Partially Provided Resolved-1008 provided. - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded.  - Seller-03/03/2025
Open-Approval/Underwriting Summary Partially Provided Missing 1008 - Due Diligence Vendor-02/20/2025
Ready for Review-Document Uploaded.  - Seller-03/03/2025
Resolved-1008 provided. - Due Diligence Vendor-03/03/2025
LTV is less than guideline maximum - 65.36% LTV is less than 85% guideline maximum
Qualifying DTI below maximum allowed - 34.44% DTI is below 50% maximum
  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
831534   C A B A C A A A Closed xxxxxx 2025-02-20 09:36 2025-03-03 14:44 Resolved 1 - Information C A Compliance Points & Fees TX SB 1581 High-Cost Home Loan Credit Transaction Points and Fees Threshold Test Resolved-This loan failed the high-cost home loan credit transaction points and fees test due to one of the following findings: (TX SB 1581 Sec. 343.201 (1)(E))The date creditor received application is before xxxxxx; andThe total points and fees payable by the consumer at or before loan closing is xxxxxx, which exceeds the greater of 8 percent of the "total loan amount" (as defined in the official commentary to paragraph 32(a)(1)(ii)), or xxxxxx.The date creditor received application is on or after xxxxxx; andThe loan amount is xxxxxx or more, and the transaction's total points and fees is xxxxxx, which exceeds 5 percent of the total loan amount of xxxxxx; orThe loan amount is less than xxxxxx and the transaction's total points and fees is xxxxxx, which exceeds the lesser of 8 percent of the total loan amount of xxxxxx. Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-03/03/2025
Open-This loan failed the high-cost home loan credit transaction points and fees test due to one of the following findings: (TX SB 1581 Sec. 343.201 (1)(E))The date creditor received application is before xxxxxx; andThe total points and fees payable by the consumer at or before loan closing is xxxxxx, which exceeds the greater of 8 percent of the "total loan amount" (as defined in the official commentary to paragraph 32(a)(1)(ii)), or $632.00.The date creditor received application is on or after xxxxxx; andThe loan amount is xxxxxx or more, and the transaction's total points and fees is xxxxxx, which exceeds 5 percent of the total loan amount of xxxxxx; orThe loan amount is less than xxxxxx and the transaction's total points and fees is xxxxxx, which exceeds the lesser of 8 percent of the total loan amount of xxxxxx. - Due Diligence Vendor-02/20/2025
  Resolved-This loan failed the high-cost home loan credit transaction points and fees test due to one of the following findings: (TX SB 1581 Sec. 343.201 (1)(E))The date creditor received application is before xxxxxx; andThe total points and fees payable by the consumer at or before loan closing is xxxxxx, which exceeds the greater of 8 percent of the "total loan amount" (as defined in the official commentary to paragraph 32(a)(1)(ii)), or xxxxxx.The date creditor received application is on or after xxxxxx; andThe loan amount is xxxxxx or more, and the transaction's total points and fees is xxxxxx, which exceeds 5 percent of the total loan amount of xxxxxx; orThe loan amount is less than xxxxxx and the transaction's total points and fees is xxxxxx, which exceeds the lesser of 8 percent of the total loan amount of xxxxxx. Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-03/03/2025
LTV is less than guideline maximum - 65.36% LTV is less than 85% guideline maximum
Qualifying DTI below maximum allowed - 34.44% DTI is below 50% maximum
  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
831534   C A B A C A A A Closed xxxxxx 2025-02-20 09:36 2025-03-03 14:44 Resolved 1 - Information C A Compliance Points & Fees High-Cost Mortgage Points and Fees Threshold Test Resolved-This loan failed the high-cost mortgage points and fees threshold test due to one of the following findings: ( 12 CFR §1026.32(a)(1)(ii)(A), (B) )The loan amount is xxxxxx or more, and the transaction's total points and fees is xxxxxx, which exceeds 5 percent of the total loan amount of xxxxxx; orThe loan amount is less than xxxxxx and the transaction's total points and fees is xxxxxx, which exceeds the lesser of 8 percent of the total loan amount of xxxxxx. Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-03/03/2025   Resolved-This loan failed the high-cost mortgage points and fees threshold test due to one of the following findings: ( 12 CFR §1026.32(a)(1)(ii)(A), (B) )The loan amount is xxxxxx or more, and the transaction's total points and fees is xxxxxx, which exceeds 5 percent of the total loan amount of xxxxxx; orThe loan amount is less than xxxxxx and the transaction's total points and fees is xxxxxx, which exceeds the lesser of 8 percent of the total loan amount of xxxxxx. Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-03/03/2025
LTV is less than guideline maximum - 65.36% LTV is less than 85% guideline maximum
Qualifying DTI below maximum allowed - 34.44% DTI is below 50% maximum
  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
831534   C A B A C A A A Closed xxxxxx 2025-02-20 09:36 2025-03-03 14:44 Resolved 1 - Information C A Compliance Disclosure High-Cost Mortgage Timing of Disclosure Test Resolved-This loan failed the high-cost mortgage timing of disclosure test due to one of the following findings: ( 12 CFR §1026.31(c) )The High-Cost Mortgage Disclosure Date indicates the creditor did not furnish the disclosure required by 12 CFR §1026.32 at least three business days prior to the consummation or account opening of a high-cost mortgage; orThe High-Cost Mortgage Disclosure Date was not provided; orNeither the consummation date nor the closing date was provided. Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-03/24/2025
Open-This loan failed the high-cost mortgage timing of disclosure test - Due Diligence Vendor-03/24/2025
  Resolved-This loan failed the high-cost mortgage timing of disclosure test due to one of the following findings: ( 12 CFR §1026.31(c) )The High-Cost Mortgage Disclosure Date indicates the creditor did not furnish the disclosure required by 12 CFR §1026.32 at least three business days prior to the consummation or account opening of a high-cost mortgage; orThe High-Cost Mortgage Disclosure Date was not provided; orNeither the consummation date nor the closing date was provided. Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-03/24/2025
LTV is less than guideline maximum - 65.36% LTV is less than 85% guideline maximum
Qualifying DTI below maximum allowed - 34.44% DTI is below 50% maximum
  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
831534   C A B A C A A A Closed xxxxxx 2025-02-20 09:36 2025-03-03 14:44 Resolved 1 - Information C A Compliance Disclosure High-Cost Mortgage Pre-Loan Counseling Date Test Resolved-Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-03/03/2025
Open-This loan failed the high-cost mortgage pre-loan counseling date test due to one of the following findings:  (12 CFR §1026.34(a)(5)(i), (ii))The loan is a 2010 RESPA loan and the High-Cost Mortgage Pre-Loan Counseling Date indicates the creditor did not receive written certification that the consumer has obtained counseling on the advisability of the mortgage after the consumer received either the good faith estimate or the disclosures required by 12 CFR §1026.40; orThe loan is a 2015 TRID loan and the High-Cost Mortgage Pre-Loan Counseling Date indicates the creditor did not receive written certification that the consumer has obtained counseling on the advisability of the mortgage after the consumer received either the initial loan estimate or the disclosures required by 12 CFR §1026.40; orThe loan is a chattel loan and the High-Cost Mortgage Pre-Loan Counseling Date indicates the creditor did not receive written certification that the consumer has obtained counseling on the advisability of the mortgage after the consumer received the disclosures required by 12 CFR §1026.32; orThe High-Cost Mortgage Pre-Loan Counseling Date was not provided; orThe High-Cost Mortgage Pre-Loan Counseling Date is on or after the closing date or estimated closing date.Certification of counseling required. A creditor shall not extend a high-cost mortgage to a consumer unless the creditor receives written certification that the consumer has obtained counseling on the advisability of the mortgage from a counselor that is approved to provide such counseling by the Secretary of the U.S. Department of Housing and Urban Development or, if permitted by the Secretary, by a State housing finance authority.(ii) Timing of counseling. The counseling required under this paragraph (a)(5) must occur after:(A) The consumer receives either the disclosure required by section 5(c) of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2604(c)) or the disclosures required by §1026.40; or(B) The consumer receives the disclosures required by §1026.32(c), for transactions in which neither of the disclosures listed in (A) are provided. Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-02/20/2025
  Resolved-Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-03/03/2025
LTV is less than guideline maximum - 65.36% LTV is less than 85% guideline maximum
Qualifying DTI below maximum allowed - 34.44% DTI is below 50% maximum
  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
831534   C A B A C A A A Closed xxxxxx 2025-02-20 09:36 2025-03-03 14:44 Resolved 1 - Information C A Compliance Points & Fees High-Cost Mortgage Late Fee Test Resolved-PCCD resolved tolerance - Due Diligence Vendor-03/24/2025
Open-This loan failed the high-cost mortgage late charges test for one of the following reasons: ( 12 CFR §1026.34(a)(8)(i) )The loan provides for a late payment fee in excess of 4% of the amount of the payment past due; orA value for the late charges amount was not provided.Any late payment charge imposed in connection with a high-cost mortgage must be specifically permitted by the terms of the loan contract or open-end credit agreement and may not exceed 4 percent of the amount of the payment past due. No such charge may be imposed more than once for a single late payment. Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-02/20/2025
  Resolved-PCCD resolved tolerance - Due Diligence Vendor-03/24/2025
LTV is less than guideline maximum - 65.36% LTV is less than 85% guideline maximum
Qualifying DTI below maximum allowed - 34.44% DTI is below 50% maximum
  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
831534   C A B A C A A A Closed xxxxxx 2025-02-20 09:36 2025-03-03 14:43 Resolved 1 - Information C A Compliance Points & Fees TX SB 1581 High-Cost Home Loan DTI Provided Test Resolved-PCCD resolved tolerance - Due Diligence Vendor-03/24/2025
Open-This loan failed the high-cost home loan DTI provided test.
 (TX SB 1581 Sec. 343.204)The loan is a high-cost home loan and the DTI ratio of the obligor(s) was not provided. The DTI ratio is one of several factors that should be considered when determining the borrower's payment ability.PLEASE NOTE: This result is not a determination that the lender reasonably believes at the time the loan is made that the borrower will be able to make the scheduled payments associated with the high-cost home loan.See High-Cost Home Loan Legislative Summary (below) for full payment ability requirements. Resolved by PCCD provided within 30 days of consummation. - Due Diligence Vendor-02/20/2025
  Resolved-PCCD resolved tolerance - Due Diligence Vendor-03/24/2025
LTV is less than guideline maximum - 65.36% LTV is less than 85% guideline maximum
Qualifying DTI below maximum allowed - 34.44% DTI is below 50% maximum
  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
831534   C A B A C A A A Closed xxxxxx 2025-02-20 09:36 2025-03-03 14:43 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Received COC for increase of fees. - Due Diligence Vendor-03/03/2025
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 $891.08.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). ----- Zero (0%) tolerance fees increased by $891.08 (Points - Loan Discount Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $891.08, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx
 - Due Diligence Vendor-02/20/2025
  Resolved-Received COC for increase of fees. - Due Diligence Vendor-03/03/2025
LTV is less than guideline maximum - 65.36% LTV is less than 85% guideline maximum
Qualifying DTI below maximum allowed - 34.44% DTI is below 50% maximum
  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
831534   C A B A C A A A Closed xxxxxx 2025-02-20 09:36 2025-03-03 14:43 Resolved 1 - Information C A Compliance State Reg TX Constitution A6 Required Fees Test Resolved-Upon further review, no further documentation is needed or required. Date rate was set was corrected. The TX A6 finding originally fired due to an incorrect interest rate set date which is why this shows as resolved. It was not a true high-cost finding. - Due Diligence Vendor-04/28/2025
Open-This loan failed the required fees test. (Texas Constitution, Article 16, Section 50 (a)(6)(E) & (t)(4), as amended Jan. 2018)The loan requires the borrower(s) to pay, in addition to interest, fees to any person that are necessary to originate, evaluate, maintain, record, insure, or service the extension of credit that exceed 2% of the original principal amount, excluding fees for: An appraisal performed by a third party appraiser; A property survey performed by a state registered or licensed surveyor; A state base premium for a mortgagee policy of title insurance with endorsements established in accordance with state law, or a title examination report if its cost is less than the state base premium for a mortgagee policy of title insurance without endorsements established in accordance with state law. ----- Total allowable fees are $7,397.97, Actual fees are $3,411.92an excess of $3,986.05. - Due Diligence Vendor-02/20/2025
  Resolved-Upon further review, no further documentation is needed or required. Date rate was set was corrected. The TX A6 finding originally fired due to an incorrect interest rate set date which is why this shows as resolved. It was not a true high-cost finding. - Due Diligence Vendor-04/28/202 LTV is less than guideline maximum - 65.36% LTV is less than 85% guideline maximum
Qualifying DTI below maximum allowed - 34.44% DTI is below 50% maximum
  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
831542   D A D A A A A A Closed xxxxxx 2025-03-11 10:02 2025-03-18 11:38 Resolved 1 - Information D A Credit Missing Doc - Credit Business Purpose Affidavit/Disclosure Missing Resolved-Received Business Purpose Affidavit - Due Diligence Vendor-03/18/2025
Open-The Business Purpose Affidavit Disclosure is Missing Occupancy affidavit only in file. - Due Diligence Vendor-03/11/2025
  Resolved-Received Business Purpose Affidavit - Due Diligence Vendor-03/18/2025
Qualifying DTI below maximum allowed - DTI = 26.86% - Max DTI = 50%
Qualifying FICO score is at least 20 points above minimum for program - FICO = 736     Min FICO = 680
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
831553   C B C B A A A A Closed xxxxxx 2025-03-12 09:35 2025-03-18 11:33 Resolved 1 - Information C A Credit Eligibility Asset do not meet guidelines Resolved-Received LOE / Access letter. - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/17/2025
Open-Borrower is using business assets and is 50% owner of the business; however, the file is missing a letter of explanation which includes an attestation from all other owners of the business that the borrower is entitled to the funds to use for closing - Due Diligence Vendor-03/12/2025
  Resolved-Received LOE / Access letter. - Due Diligence Vendor-03/18/2025
Qualifying DTI below maximum allowed - 31.35% DTI with 50% max
Qualifying FICO score is at least 20 points above minimum for program - 712 FICO with 680 min
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831553   C B C B A A A A Closed xxxxxx 2025-03-12 09:28 2025-03-13 10:37 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-The request for an exception to Verus's eligibility criteria is granted. Waiver applied with comp factors. - Due Diligence Vendor-04/16/2025
Open-Audited Reserves of 3.75 month(s) are less than Guideline Required Reserves of 4 month(s) - Due Diligence Vendor-03/12/2025
  Waived-The request for an exception to Verus's eligibility criteria is granted. Waiver applied with comp factors. - Due Diligence Vendor-04/16/2025
Qualifying DTI below maximum allowed - 31.35% DTI with 50% max
Qualifying FICO score is at least 20 points above minimum for program - 712 FICO with 680 min
 Compensating Factor 1 - Credit Score 30+ points > minimum required / Compensating Factor 2 - DTI <= 40% which is below requirement in guidelines / Compensating Factor 3 - Residual income more than 2.5x the amount required by guidelines QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
831559   C B C B B B A A Closed xxxxxx 2025-03-27 09:45 2025-03-27 09:49 Waived 2 - Non-Material C B Credit Income/Employment Income documentation does not meet guidelines Waived-  Client exception granted and in file, waiver applied with comp factors. Deemed non material  due to only one NSF occurred in the past three months and income is stable, same business for nine years. - Due Diligence Vendor-03/27/2025
Open-8 NSF in past 12 months exceeds 3 max. - Due Diligence Vendor-03/27/2025
  Waived-  Client exception granted and in file, waiver applied with comp factors. Deemed non material  due to only one NSF occurred in the past three months and income is stable, same business for nine years. - Due Diligence Vendor-03/27/2025
LTV is less than guideline maximum - Max 80%, actual 39.12%
Qualifying DTI below maximum allowed - Max 50%, actual 39.14%
Residual Income =/> 1.5 times $3,500 monthly residual income - 2.5 times of amount required
Qualifying FICO score is at least 20 points above minimum for program - Min 660, actual 796
Residual income more than 2.5x the amount required by guidelines
Credit Score 30+ points > minimum required
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated Investor Post-Close No xxxxxx
831559   C B C B B B A A Closed xxxxxx 2025-03-25 13:10 2025-03-25 13:10 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material findings - Due Diligence Vendor-03/25/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material findings - Due Diligence Vendor-03/25/2025
LTV is less than guideline maximum - Max 80%, actual 39.12%
Qualifying DTI below maximum allowed - Max 50%, actual 39.14%
Residual Income =/> 1.5 times $3,500 monthly residual income - 2.5 times of amount required
Qualifying FICO score is at least 20 points above minimum for program - Min 660, actual 796
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated Investor Post-Close No xxxxxx
831562   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831570   D A D A A A A A Closed xxxxxx 2025-03-05 14:14 2025-03-19 09:58 Resolved 1 - Information D A Credit Missing Doc Evidence of Property Tax Missing Resolved-Per lender: appraised value of xxxxxx * 85%; xxxxxx * 85% * 14.8306 / 1000 = xxxxxx annual estimated taxes - Due Diligence Vendor-03/19/2025
Counter-Tax Cert provided. xxxxxx annual taxes does not support the xxxxxx annual taxes disclosed on the settlement statement.  Finding remains. - Due Diligence Vendor-03/13/2025
Open-Missing Evidence of Property Tax Missing lender's tax estimator.  Tax documentation and appraisal in file provide taxes for land only. DSCR to be recalculated upon receipt of tax estimator. - Due Diligence Vendor-03/05/2025
  Resolved-Per lender: appraised value of xxxxxx * 85%; xxxxxx * 85% * 14.8306 / xxxxxx annual estimated taxes - Due Diligence Vendor-03/19/2025
Qualifying FICO score is at least 20 points above minimum for program - 768 FICO exceeds 700 minimum required.
LTV is less than guideline maximum - 60% LTV is less than 75% maximum.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
831570   D A D A A A A A Closed xxxxxx 2025-03-05 14:14 2025-03-19 09:56 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-Received updated commitment w/sufficient coverage. - Due Diligence Vendor-03/13/2025
Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). - Due Diligence Vendor-03/05/2025
  Resolved-Received updated commitment w/sufficient coverage. - Due Diligence Vendor-03/13/2025
Qualifying FICO score is at least 20 points above minimum for program - 768 FICO exceeds 700 minimum required.
LTV is less than guideline maximum - 60% LTV is less than 75% maximum.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
831570   D A D A A A A A Closed xxxxxx 2025-03-07 12:38 2025-03-13 10:52 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-Received Institutional VOM - Due Diligence Vendor-03/13/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing 4 additional months of payment history for subject property (have 2 mos for 1/25 and 12/24) - Due Diligence Vendor-03/07/2025
  Resolved-Received Institutional VOM - Due Diligence Vendor-03/13/2025
Qualifying FICO score is at least 20 points above minimum for program - 768 FICO exceeds 700 minimum required.
LTV is less than guideline maximum - 60% LTV is less than 75% maximum.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
831575   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831615   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      
831636   C A C A C A A A Closed xxxxxx 2025-03-17 15:34 2025-03-21 12:22 Resolved 1 - Information C A Credit Title Satisfactory Chain of Title not Provided Resolved-Satisfactory Chain of Title has been provided - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/19/2025
Open-Unsatisfactory Chain of Title provided. Missing 24 Month Chain of Title - Due Diligence Vendor-03/17/2025
  Resolved-Satisfactory Chain of Title has been provided - Due Diligence Vendor-03/21/2025
Verified employment history exceeds guidelines - The Borrower has been employed with the same employer for the past 8 years.
Qualifying FICO score is at least 20 points above minimum for program - The Borrower credit score is 795; guideline minimum is 680.
Months Reserves exceed minimum required - No reserves required; the Borrower has 19.27 months in reserves.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
831636   C A C A C A A A Closed xxxxxx 2025-03-13 14:28 2025-03-21 07:59 Resolved 1 - Information C A Compliance Right to Rescind TILA Right of Rescission Test Resolved-Received PCCD xxxxxx, disbursement date xxxxxx.  Finding resolved. - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/19/2025
Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. -----Provide PCCD with disbursement date after the ROR expiration date.
 - Due Diligence Vendor-03/13/2025
  Resolved-Received PCCD xxxxxx, disbursement date xxxxxx.  Finding resolved. - Due Diligence Vendor-03/21/2025
Verified employment history exceeds guidelines - The Borrower has been employed with the same employer for the past 8 years.
Qualifying FICO score is at least 20 points above minimum for program - The Borrower credit score is 795; guideline minimum is 680.
Months Reserves exceed minimum required - No reserves required; the Borrower has 19.27 months in reserves.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
831642   D A D A A A A A Closed xxxxxx 2025-03-12 16:15 2025-03-18 11:28 Resolved 1 - Information D A Credit Missing Doc Missing Verification of Mortgage Resolved-Received CD for property b.  - Due Diligence Vendor-03/18/2025
Open-Provide docs to verify the terms of new mortgage for property xxxxxx as listed on the 1003 & docs to verify the payoff of existing mortgage. - Due Diligence Vendor-03/12/2025
  Resolved-Received CD for property xxxxxx.  - Due Diligence Vendor-03/18/2025
Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 9.49m.
Qualifying DTI below maximum allowed - Lender max DTI is 50%, borrower DTI is 13.84%.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831657   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831673   C B C B A A A A Closed xxxxxx 2025-03-12 12:48 2025-04-16 12:39 Waived 2 - Non-Material C B Credit Assets Gift Funds General Waived-Deemed non material due to the discrepancy appears to be a typo. Waiver applied with comp factor. - Due Diligence Vendor-04/16/2025
Open-Gift letter provided shows wrong amount based on cash to close on CD. - Due Diligence Vendor-03/12/2025
  Waived-Deemed non material due to the discrepancy appears to be a typo. Waiver applied with comp factor. - Due Diligence Vendor-04/16/2025
Qualifying FICO score is at least 20 points above minimum for program - 712 > 660 min
Months Reserves exceed minimum required - 11 months > 4 months required
Qualifying FICO score is at least 20 points above minimum for program - 712 > 660 min
Months Reserves exceed minimum required - 11 months > 4 months required
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
831674   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831678   C A C A A A A A Closed xxxxxx 2025-04-01 17:08 2025-04-04 11:36 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received prior housing history. - Due Diligence Vendor-04/04/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-04/02/2025
Open-Housing History Does Not Meet Guideline Requirements B1 current primary housing has been verified for 6 months.  Per xxxxxx B1 sold previous home xxxxxx.  Missing prior housing history / explanation for a total of 12 months. - Due Diligence Vendor-04/01/2025
  Resolved-Received prior housing history. - Due Diligence Vendor-04/04/2025
LTV is less than guideline maximum - 60.24% LTV is less than 80% guideline maximum
Qualifying DTI below maximum allowed - 32.37% DTI is below 50% maximum allowed
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
831684   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831695   B B A A B B A A Closed xxxxxx 2025-03-21 09:13 2025-03-21 10:20 Waived 2 - Non-Material B B Compliance Missing Doc Home Loan Toolkit is Missing Waived-Client waiver applied to non-material findings. - Due Diligence Vendor-03/21/2025
Open-The Home Loan Toolkit disclosure is missing. - Due Diligence Vendor-03/21/2025
  Waived-Client waiver applied to non-material findings. - Due Diligence Vendor-03/21/2025
Months Reserves exceed minimum required - Verified assets of 62.8 exceeds the minimum required of 0 months
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 725 is higher than the minimum required score of 660
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA Investor Post-Close No xxxxxx
831699   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831720   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 Cash Out - Other      
831728   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
831732   C B C B C A A A Closed xxxxxx 2025-03-14 17:02 2025-04-08 13:20 Resolved 1 - Information B A Compliance Data Borrower 1 Final Signature Date is in the future Resolved-Received corrected notary date which is in line with signature date. - Due Diligence Vendor-04/08/2025
Open-Borrower 1 Final Signature Date is greater than the transaction date of xxxxxx. - Due Diligence Vendor-04/08/2025
  Resolved-Received corrected notary date which is in line with signature date. - Due Diligence Vendor-04/08/2025
LTV is less than guideline maximum - LTV 63%; max 90%.
Months Reserves exceed minimum required - 12 months PITIA reserves; 6 months reserves required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831732   C B C B C A A A Closed xxxxxx 2025-03-14 17:32 2025-03-27 09:07 Resolved 1 - Information C A Compliance TRID Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test Resolved-Upon further review, finding resolved. - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded. Final CD (dated xxxxxx) was provided after the loan was funded (funded on xxxxxx). This is a purchase transaction in dry funding state therefore the final CD is provided reflecting update on the actual amount paid.
Pls. see attached copies of initial CD, loan docs’ CD and final CD with final settlement statement reflecting no violation with the issuance date.
 - Seller-03/19/2025
Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded. Final CD (dated xxxxxx) was provided after the loan was funded (funded on xxxxxx). This is a purchase transaction in dry funding state therefore the final CD is provided reflecting update on the actual amount paid.
Pls. see attached copies of initial CD, loan docs’ CD and final CD with final settlement statement reflecting no violation with the issuance date.
 - Seller-03/19/2025
Resolved-Upon further review, finding resolved. - Due Diligence Vendor-03/20/2025
LTV is less than guideline maximum - LTV 63%; max 90%.
Months Reserves exceed minimum required - 12 months PITIA reserves; 6 months reserves required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831732   C B C B C A A A Closed xxxxxx 2025-03-14 16:48 2025-03-27 09:05 Resolved 1 - Information C A Credit Closing Security Instrument Date is greater than current date Resolved-Validation Resolved - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded.  - Seller-03/27/2025
Counter-Received xxxxxx affidavit for Notary date correction but did not receive the corrected documents for review. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025
Counter-Received note-pending  - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. SETTLEMENT AGENT EXPRESSED THE INTENT OF RE-RECORDING THE DOT UPON RECEIPT OF THE CERTIFIED COPY ON TUESDAY, xxxxxx. SEE ATTACHED EMAIL RESPONSE. - Seller-03/19/2025
Open-Security Instrument Date is greater than the transaction date of xxxxxx - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded.  - Seller-03/27/2025
 Ready for Review-Document Uploaded.  - Seller-03/25/2025
 Ready for Review-Document Uploaded. SETTLEMENT AGENT EXPRESSED THE INTENT OF RE-RECORDING THE DOT UPON RECEIPT OF THE CERTIFIED COPY ON TUESDAY, xxxxxx. SEE ATTACHED EMAIL RESPONSE. - Seller-03/19/2025
Resolved-Validation Resolved - Due Diligence Vendor-03/27/2025
LTV is less than guideline maximum - LTV 63%; max 90%.
Months Reserves exceed minimum required - 12 months PITIA reserves; 6 months reserves required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831732   C B C B C A A A Closed xxxxxx 2025-03-19 12:42 2025-03-24 13:12 Waived 2 - Non-Material C B Credit Income/Employment Employment Self-Employed Less Than 2 Years at Origination Waived--Originator waiver applied to non-material finding. Due to borrower's prior employment being in the same business and being short only 1 month for a 2 year self employment history, finding is deemed as non material. - Due Diligence Vendor-03/24/2025
Counter-Received PTIN letter-1003 employment history does not match.  Clarify. - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Attached is the CPA letter which explains the borrower file Sch C prior to the formation of his business - Seller-03/19/2025
Open-Employment Self-Employed Less Than 2 Years at Origination - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded. Attached is the CPA letter which explains the borrower file Sch C prior to the formation of his business - Seller-03/19/2025
Waived--Originator waiver applied to non-material finding. Due to borrower's prior employment being in the same business and being short only 1 month for a 2 year self employment history, finding is deemed as non material. - Due Diligence Vendor-03/24/2025
LTV is less than guideline maximum - LTV 63%; max 90%.
Months Reserves exceed minimum required - 12 months PITIA reserves; 6 months reserves required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
831732   C B C B C A A A Closed xxxxxx 2025-03-19 08:30 2025-03-21 16:55 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received 12 month payment history. - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Pls. see the attached mtg statement for the business where he also lives on the premises. - Seller-03/19/2025
Open-Housing History Does Not Meet Guideline Requirements Complete 12 month history for xxxxxx not provided. Only have 4 months of payments verified. - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded. Pls. see the attached mtg statement for the business where he also lives on the premises. - Seller-03/19/2025
Resolved-Received 12 month payment history. - Due Diligence Vendor-03/21/2025
LTV is less than guideline maximum - LTV 63%; max 90%.
Months Reserves exceed minimum required - 12 months PITIA reserves; 6 months reserves required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831735   D A D A A A A A Closed xxxxxx 2025-03-14 11:41 2025-03-25 11:29 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-Received Permanent Resident Card. - Due Diligence Vendor-03/25/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/24/2025
Open-Borrower Citizenship Documentation Is Missing - Due Diligence Vendor-03/18/2025
  Resolved-Received Permanent Resident Card. - Due Diligence Vendor-03/25/2025
Months Reserves exceed minimum required - 6.42 mths reserves; 4 mths required.
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 738
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831737   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831757   D A D A C A A A Closed xxxxxx 2025-03-20 13:22 2025-03-31 11:33 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-Received Final Title with sufficient coverage. - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please see attached FTP w/coverage matching loan amount. - Seller-03/27/2025
Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Provide Prelim with coverage amount. - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please see attached FTP w/coverage matching loan amount. - Seller-03/27/2025
Resolved-Received Final Title with sufficient coverage. - Due Diligence Vendor-03/31/2025
Qualifying FICO score is at least 20 points above minimum for program - Fico is 729. 680 required
Qualifying DTI below maximum allowed - DTI 40.422%, guide 50%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831757   D A D A C A A A Closed xxxxxx 2025-03-21 11:12 2025-03-31 11:33 Resolved 1 - Information D A Credit Missing Doc Evidence of Property Tax Missing Resolved-Received tax verification. - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/27/2025
Open-Missing Evidence of Property Tax Tax cert in file is blank. provide proof of tax calculation - Due Diligence Vendor-03/21/2025
  Resolved-Received tax verification. - Due Diligence Vendor-03/31/2025
Qualifying FICO score is at least 20 points above minimum for program - Fico is 729. 680 required
Qualifying DTI below maximum allowed - DTI 40.422%, guide 50%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831757   D A D A C A A A Closed xxxxxx 2025-03-19 09:30 2025-03-31 08:54 Resolved 1 - Information C A Compliance TRID TRID Initial Closing Disclosure Date and Funding Date Validation Test Resolved-Rec'd PPCD issued xxxxxx.  Finding Resolved. - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-03/27/2025
Open-This loan failed the TRID closing disclosure date and funding date validation test.This loan contains a closing disclosure receipt date (or closing disclosure delivery date if receipt date was not provided) that is after the funding date. Please review the loan data to ensure the dates are in the correct fields. ----- Final CD shows disbursement date of xxxxxx, but closing date is xxxxxx. Provide evidence the loan did not disburse prior to closing.  
 - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-03/27/2025
Resolved-Rec'd PPCD issued xxxxxx.  Finding Resolved. - Due Diligence Vendor-03/31/2025
Qualifying FICO score is at least 20 points above minimum for program - Fico is 729. 680 required
Qualifying DTI below maximum allowed - DTI 40.422%, guide 50%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831757   D A D A C A A A Closed xxxxxx 2025-03-20 14:04 2025-03-21 13:24 Resolved 1 - Information D A Credit Missing Doc - Credit HOA Questionnaire Document is Missing Resolved-Warrantable condo form provided, which is acceptable per Notes.   - Due Diligence Vendor-03/21/2025
Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Provide HOA Questionnaire. Additional findings may apply if does not meet guides - Due Diligence Vendor-03/20/2025
  Resolved-Warrantable condo form provided, which is acceptable per Notes.   - Due Diligence Vendor-03/21/2025
Qualifying FICO score is at least 20 points above minimum for program - Fico is 729. 680 required
Qualifying DTI below maximum allowed - DTI 40.422%, guide 50%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831758   D A D A A A A A Closed xxxxxx 2025-03-17 16:26 2025-03-21 12:17 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-Received missing income documentation. - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/19/2025
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing verification of insurance, and/or HOA fees for non-subject property for xxxxxx and xxxxxx - Due Diligence Vendor-03/18/2025
  Resolved-Received missing income documentation. - Due Diligence Vendor-03/21/2025
Qualifying FICO score is at least 20 points above minimum for program - Score is 685 and minimum required is 660.
LTV is less than guideline maximum - LTV is 65% and max allowed is 70%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
831758   D A D A A A A A Closed xxxxxx 2025-03-17 14:47 2025-03-21 12:15 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-Received OFAC. - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/19/2025
Open-OFAC Check Not Completed and/or Cleared for the Lender or Underwriter. - Due Diligence Vendor-03/17/2025
  Resolved-Received OFAC. - Due Diligence Vendor-03/21/2025
Qualifying FICO score is at least 20 points above minimum for program - Score is 685 and minimum required is 660.
LTV is less than guideline maximum - LTV is 65% and max allowed is 70%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
831758   D A D A A A A A Closed xxxxxx 2025-03-17 14:44 2025-03-21 12:14 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received HOA verification and no HOI xxxxxx and xxxxxx are free and clear. - Due Diligence Vendor-03/21/2025
Ready for Review-Please see attached. - Buyer-03/19/2025
Open-Missing verification of insurance, and/or HOA fees for non-subject property for xxxxxx and xxxxxx. - Due Diligence Vendor-03/17/2025
  Resolved-Received HOA verification and no HOI xxxxxx and xxxxxx are free and clear. - Due Diligence Vendor-03/21/2025
Qualifying FICO score is at least 20 points above minimum for program - Score is 685 and minimum required is 660.
LTV is less than guideline maximum - LTV is 65% and max allowed is 70%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
831766   C A A A C A A A Closed xxxxxx 2025-03-12 10:51 2025-03-21 08:24 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-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 $0.43.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). Received COC xxxxxx, rounding, finding resolved. - Due Diligence Vendor-03/21/2025
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 $1,175.43.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). Zero (0%) tolerance fees increased by $1175 (Administration fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $1175, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-03/12/2025
  Resolved-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 $0.43.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). Received COC xxxxxx, rounding, finding resolved. - Due Diligence Vendor-03/21/2025
LTV is less than guideline maximum - Maximum LTV 90%, Qualifying LTV 80%
Qualifying FICO score is at least 20 points above minimum for program - Fico required 680, qualifying fico 806. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831771   C A C A A A A A Closed xxxxxx 2025-03-19 16:55 2025-03-20 10:13 Resolved 1 - Information C A Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Resolved-Rent free letter is on page 68 of the loan file. - Due Diligence Vendor-03/20/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Living Rent Free letter is missing from this file.  - Due Diligence Vendor-03/19/2025
  Resolved-Rent free letter is on page 68 of the loan file. - Due Diligence Vendor-03/20/2025
Qualifying DTI below maximum allowed - Qualifying DTI 13.35 is lower than the guideline max of 50.
LTV is less than guideline maximum - Qualifying LTV 75 is lower than the guideline max of 80.
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 774 is more than 20 points higher than the guideline min of 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831777   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831783   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831784   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831787   C B C B A A A A Closed xxxxxx 2025-03-05 09:11 2025-03-06 16:13 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/06/2025
Open-Audited LTV of 73.82% exceeds Guideline LTV of 70% Lender granted exception to 75% LTV, when max LTV per guide is 70% for STR income. - Due Diligence Vendor-03/05/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/06/2025
DSCR =/> 1.00 and minimum is 0.85 or Less -  DSCR 1.252
On time mortgage history exceeds guideline requirement - 0x30x48
Qualifying FICO score is at least 20 points above minimum for program - 765 > 700 min
Fico 10+ > guide
0x30x48
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
831788   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831789   C A A A A A C A Closed xxxxxx 2025-02-28 14:07 2025-03-03 09:58 Resolved 1 - Information C A Property Property FEMA disaster declared INDIVIDUAL Resolved-Appraisal date in xxxxxx, over 120 days from the disaster. - Due Diligence Vendor-03/03/2025
Open-xxxxxx Incident Period: xxxxxx Declaration Date: xxxxxx - INDIVIDUAL - Due Diligence Vendor-02/28/2025
  Resolved-Appraisal date in xxxxxx, over 120 days from the disaster. - Due Diligence Vendor-03/03/2025
DSCR % greater than 1.20 - Qualifying DSCR is 1.553%
Months Reserves exceed minimum required - Minimum reserves is 6 months, Borrower has 18.9 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831789   C A A A A A C A Closed xxxxxx 2025-02-28 14:07 2025-03-03 09:35 Resolved 1 - Information B A Property Property FEMA disaster declared PUBLIC ONLY Resolved-Open finding for Individual. - Due Diligence Vendor-03/03/2025
Open-xxxxxx Incident Period: xxxxxx Declaration Date: xxxxxx - PUBLIC - Due Diligence Vendor-02/28/2025
  Resolved-Open finding for Individual. - Due Diligence Vendor-03/03/2025
DSCR % greater than 1.20 - Qualifying DSCR is 1.553%
Months Reserves exceed minimum required - Minimum reserves is 6 months, Borrower has 18.9 months.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831790   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831804   C B C B A A A A Closed xxxxxx 2025-03-11 11:40 2025-04-16 13:09 Waived 2 - Non-Material C B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Client exception granted and in file, waiver applied with comp factors.  "Deemed Non Mat (lender approved exception with valid comp factors)  - Due Diligence Vendor-03/11/2025
Open-Housing History Does Not Meet Guideline Requirements Exception of a lack of a full 12-month housing history. - Due Diligence Vendor-03/11/2025
  Waived-Client exception granted and in file, waiver applied with comp factors.  "Deemed Non Mat (lender approved exception with valid comp factors)  - Due Diligence Vendor-03/11/2025
Months Reserves exceed minimum required - 8 months reserves; 0 months reserves required.
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 705
Reserves exceed requirement by 10 months or more
Experienced investor owns and manages 2 or more properties for 12 months
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831809   B B B B A A A A Closed xxxxxx 2025-03-18 09:30 2025-04-08 14:37 Waived 2 - Non-Material B B Credit Eligibility Escrow waiver guidelines were not met Waived-Lender Exception Granted: NQM exception waiving escrows when FICO criteria is not met.
Exception Status satisfied/approved.
Deemed non-material. - Due Diligence Vendor-03/18/2025
Open-Lender Exception Granted:  NQM exception waiving escrows when FICO criteria is not met. - Due Diligence Vendor-03/18/2025
  Waived-Lender Exception Granted: NQM exception waiving escrows when FICO criteria is not met.
Exception Status satisfied/approved.
Deemed non-material. - Due Diligence Vendor-03/18/2025
Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 85.26m.
LTV is less than guideline maximum - Lender max LTV is 70%, subject LTV is 46.67%.
1.  LTV/CLTV 10% or more below the maximum allowed under applicable guidelines.
2.  Reserves exceed requirement by 10m or more.
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
831814   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831831   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831880   D A A A D A A A Closed xxxxxx 2025-03-19 09:54 2025-03-20 16:28 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Partially Provided Resolved-Upon further review, meet guideline. No additional documentation required. - Due Diligence Vendor-04/16/2025
Waived-Homeownership Counseling Disclosure Is Partially Provided (Date Creditor Received Application is xxxxxx and Occupancy is Primary Residence) Client waiver applied to non-material Findings - Due Diligence Vendor-03/19/2025
  Resolved-Upon further review, meet guideline. No additional documentation required. - Due Diligence Vendor-04/16/2025
 Waived-Homeownership Counseling Disclosure Is Partially Provided (Date Creditor Received Application is xxxxxx.  and Occupancy is Primary Residence) Client waiver applied to non-material Findings - Due Diligence Vendor-03/19/2025
LTV is less than guideline maximum - 55.56% LTV; 80% MAX
Qualifying FICO score is at least 20 points above minimum for program - 811 FICO; 660 required
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831880   D A A A D A A A Closed xxxxxx 2025-03-11 14:14 2025-03-19 09:55 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-03/19/2025
Open-Homeownership Counseling Disclosure Is Missing -----Please provide Homeownership Counseling Disclosure provided to borrower within three business days of application date.
 - Due Diligence Vendor-03/11/2025
  Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-03/19/2025
LTV is less than guideline maximum - 55.56% LTV; 80% MAX
Qualifying FICO score is at least 20 points above minimum for program - 811 FICO; 660 required
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831881   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831888   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831894   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831896   C B C B A A A A Closed xxxxxx 2025-03-13 11:08 2025-04-16 12:43 Waived 2 - Non-Material C B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-First time investor with 100% gift funds.
Client exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to lender will accept 100% gift funds. - Due Diligence Vendor-04/16/2025
Open-First time investor with 100% gift funds. - Due Diligence Vendor-04/16/2025
  Waived-First time investor with 100% gift funds.
Client exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to lender will accept 100% gift funds. - Due Diligence Vendor-04/16/2025
Long term residence - 21 Years
LTV is less than guideline maximum - LTV 59% LTV. Allowed 80%
LTV / Cltv 10% or more below the max
Current primary home ownership > 10 yrs
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831900   D A D A A A A A Closed xxxxxx 2025-04-01 11:31 2025-04-04 11:32 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Resolved-Received income worksheet for all sources of income. - Due Diligence Vendor-04/04/2025
Counter-Income worksheets for xxxxxx and xxxxxx provided.  Please provide the worksheet for xxxxxx - Due Diligence Vendor-04/03/2025
Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Missing Lender IWS  - Due Diligence Vendor-04/01/2025
  Resolved-Received income worksheet for all sources of income. - Due Diligence Vendor-04/04/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 697
Months Reserves exceed minimum required - 33.66 mths reserves; 6 mths required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
831914   D A D A A A A A Closed xxxxxx 2025-03-25 07:12 2025-03-28 14:34 Resolved 1 - Information C A Credit Assets Total Qualified Assets Post-Close is Less than $0 Resolved-Upon further review, the PCCD was located in the loan file. - Due Diligence Vendor-03/28/2025
Ready for Review-This file doesn't require reserves, and the post CD shows $972.36 going to the borrower, so I'm confused why you are asking the asset is insufficient. Where did $1782.33 come from? - Seller-03/27/2025
Open-Total Qualified Assets Post-Close amount is '$-1782.33'.  Assets are Insufficient. Per Post Close CD reflects the borrower getting back $-972.36. no reserves required.  - Due Diligence Vendor-03/26/2025
Ready for Review-This file doesn't require reserves, and the post CD shows $972.36 going to the borrower, so I'm confused why you are asking the asset is insufficient. Where did $1782.33 come from? - Seller-03/27/2025
Resolved-Upon further review, the PCCD was located in the loan file. - Due Diligence Vendor-03/28/2025
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 801; minimum score 660.
LTV is less than guideline maximum - LTV 70% ;  80%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831914   D A D A A A A A Closed xxxxxx 2025-03-25 06:59 2025-03-28 14:25 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Received Gap Report. - Due Diligence Vendor-03/28/2025
Ready for Review-Document Uploaded. Gap Credit Report was in the closing pkg. Please waive this condition. - Seller-03/27/2025
Open-Borrower 1 Gap Credit Report is Missing Missing GAP Credit. Credit report > 30 days form closing. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded. Gap Credit Report was in the closing pkg. Please waive this condition. - Seller-03/27/2025
Resolved-Received Gap Report. - Due Diligence Vendor-03/28/2025
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 801; minimum score 660.
LTV is less than guideline maximum - LTV 70% ;  80%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831914   D A D A A A A A Closed xxxxxx 2025-03-25 06:27 2025-03-28 14:24 Resolved 1 - Information D A Credit Missing Doc Missing Tax Cert Resolved-Received tax calculation.  - Due Diligence Vendor-03/28/2025
Ready for Review-We have never been asked for a tax cert before. Why are you asking for a tax cert for this only? Property tax is purchase price x 1.25% + xxxxxx assessment /12 - Seller-03/27/2025
Open- - Due Diligence Vendor-03/25/2025
Ready for Review-We have never been asked for a tax cert before. Why are you asking for a tax cert for this only? Property tax is purchase price x 1.25% + xxxxxx assessment /12 - Seller-03/27/2025
Resolved-Received tax calculation.  - Due Diligence Vendor-03/28/2025
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 801; minimum score 660.
LTV is less than guideline maximum - LTV 70% ;  80%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831920   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
831942   D A D A A A D A Closed xxxxxx 2025-03-13 13:38 2025-03-24 10:21 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-Received 1008 - Due Diligence Vendor-03/24/2025
Open-Missing Approval/Underwriting Summary Missing Approval/1008  - Due Diligence Vendor-03/13/2025
  Resolved-Received 1008 - Due Diligence Vendor-03/24/2025
Qualifying FICO score is at least 20 points above minimum for program - Required FICO 660, subject 739.
Months Reserves exceed minimum required - 88 mths reserves; 6 mths required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
831942   D A D A A A D A Closed xxxxxx 2025-03-13 12:44 2025-03-24 10:20 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-03/24/2025
Open-Additional valuation product has not been provided.  2nd Val needed - Due Diligence Vendor-03/14/2025
  Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-03/24/2025
Qualifying FICO score is at least 20 points above minimum for program - Required FICO 660, subject 739.
Months Reserves exceed minimum required - 88 mths reserves; 6 mths required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
831942   D A D A A A D A Closed xxxxxx 2025-03-14 08:05 2025-03-24 10:18 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Fraud Report. - Due Diligence Vendor-03/24/2025
Open-Missing Third Party Fraud Report Missing Fraud Rep  - Due Diligence Vendor-03/14/2025
  Resolved-Received Fraud Report. - Due Diligence Vendor-03/24/2025
Qualifying FICO score is at least 20 points above minimum for program - Required FICO 660, subject 739.
Months Reserves exceed minimum required - 88 mths reserves; 6 mths required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
831943   D B D B A A A A Closed xxxxxx 2025-03-12 10:29 2025-03-27 11:16 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is greater than Guideline Maximum Loan Amount Waived-The request for an exception to Verus's eligibility criteria is granted for loan amount.  - Due Diligence Vendor-03/27/2025
Open-Audited Loan Amount is greater than the Guideline Maximum Loan Amount of $1500000 Audited Loan Amount xxxxxx is greater than the Guideline Maximum Loan Amount of $1,500,000.
 - Due Diligence Vendor-03/12/2025
  Waived-The request for an exception to Verus's eligibility criteria is granted for loan amount.  - Due Diligence Vendor-03/27/2025
On time mortgage history exceeds guideline requirement - Mortgage History 0x30x12.
Months Reserves exceed minimum required - 15 months reserves; 12 months reserves required.
 Compensating Factor 1 - Reserves exceed requirement by 2 months or more / Compensating Factor 2 - Current primary home ownership > 2 years / Compensating Factor 3 - 0x30 for 24 months on all mortgages ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
831943   D B D B A A A A Closed xxxxxx 2025-03-12 10:29 2025-03-24 10:09 Resolved 1 - Information D A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-Received 1008 - Due Diligence Vendor-03/24/2025
Open-Missing Approval/Underwriting Summary Deemed material due to purchase asset for investment usage.  2 Appraisals (Form 1025) have been provided with different Market Rent Per Month totals.  Both appraisals are dated xxxxxx. To be conservative, I used the lesser amount between the two.   xxxxxx units xxxxxx vacant and xxxxxx unit is being occupied but no lease has been provided.   - Due Diligence Vendor-03/12/2025
  Resolved-Received 1008 - Due Diligence Vendor-03/24/2025
On time mortgage history exceeds guideline requirement - Mortgage History 0x30x12.
Months Reserves exceed minimum required - 15 months reserves; 12 months reserves required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
831945   D A A A D A A A Closed xxxxxx 2025-03-24 21:13 2025-04-04 08:21 Resolved 1 - Information D A Compliance Missing Doc Missing Required Affiliated Business Disclosure Resolved-Rec'd correspondence confirming; There is no business affiliate on this loan.  Finding Resolved. - Due Diligence Vendor-04/04/2025
Open-Required Affiliated Business Disclosure Missing Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt. - Due Diligence Vendor-03/25/2025
  Resolved-Rec'd correspondence confirming; There is no business affiliate on this loan.  Finding Resolved. - Due Diligence Vendor-04/04/2025
Verified employment history exceeds guidelines - Self employed 14 years same job
Qualifying DTI below maximum allowed - DTI of 36.95% is less than the maximum allowed per guidelines of 45%
  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
831954   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
831969   C B C B A A A A Closed xxxxxx 2025-04-01 07:36 2025-04-01 12:42 Waived 2 - Non-Material C B Credit Income/Employment Borrower 1 Total Years Employment Verified is Less Than 24 Months Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material due to only being two months short of the 24 required. - Due Diligence Vendor-04/01/2025
Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months The subject loan closed xxxxxx and the borrower's business started 5/23 per the tax preparer letter and Texas LLC Tax documentation in file.  22 months versus 24 - Due Diligence Vendor-04/01/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material due to only being two months short of the 24 required. - Due Diligence Vendor-04/01/2025
Months Reserves exceed minimum required - Required reserves 6 months, verified 12.34 months.
Qualifying DTI below maximum allowed - 31% < 45%
Qualifying FICO score is at least 20 points above minimum for program - Required Fico 680, subject 742
Credit Score 30+ points > minimum required
DTI<=40% which is below requirement in guidelines
Residual income more than 1.5 the amount required by guidelines 
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
831973   C B C B A A A A Closed xxxxxx 2025-03-21 12:02 2025-03-24 10:26 Waived 2 - Non-Material C B Credit Eligibility Escrow waiver guidelines were not met Waived-Client exception granted and in file-Deemed non material, borrower FICO and reserves meets requirements - Due Diligence Vendor-03/24/2025
Open-An exception is required to waive escrows.  - Due Diligence Vendor-03/21/2025
  Waived-Client exception granted and in file-Deemed non material, borrower FICO and reserves meets requirements - Due Diligence Vendor-03/24/2025
Months Reserves exceed minimum required - 137 mths reserves; 6 mths required.
Qualifying FICO score is at least 20 points above minimum for program - Required FICO 660, Subject 760.
Not HPML - LTV 55.40<=80%: FICO 760>720 minimum; 22 mo Reserves >12mo Minimum; QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
831978   C A C A A A A A Closed xxxxxx 2025-03-28 13:56 2025-04-02 11:28 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Received RCE. - Due Diligence Vendor-04/02/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/31/2025
Open-Insufficient Coverage Amount for Insured Subject Property. The coverage is insufficient. No reconstruction estimate was identified in the file. (HAVE 2 HO-3 policies in the File but you can't have two policies covering the same home)  - Due Diligence Vendor-03/28/2025
  Resolved-Received RCE. - Due Diligence Vendor-04/02/2025
Qualifying FICO score is at least 20 points above minimum for program - 700 Fico required, subject 756
Qualifying DTI below maximum allowed - 50% DTI allowed, subject 44.90% 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
831981   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
831986   D B C B A A D A Closed xxxxxx 2025-04-09 12:20 2025-04-09 16:09 Resolved 1 - Information D A Property Missing Doc Secondary Valuation or Additional Valuation has not been entered per securitization requirements Resolved-The guidelines for the desk review requirement does not specify it needs to be ordered by a specific vendor. - Due Diligence Vendor-04/09/2025
Open-Missing a secondary Valuation from one of the approved vendors. Desk Review 2006 on file reflects xxxxxx  - Due Diligence Vendor-04/09/2025
  Resolved-The guidelines for the desk review requirement does not specify it needs to be ordered by a specific vendor. - Due Diligence Vendor-04/09/2025
LTV is less than guideline maximum - LTV is 54.19% and max allowed ios 80%
Qualifying FICO score is at least 20 points above minimum for program - Score is 756 and minimum allowed is 660.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
831986   D B C B A A D A Closed xxxxxx 2025-04-01 13:43 2025-04-03 10:19 Resolved 1 - Information C A Credit Eligibility Audited DTI Exceeds Guideline DTI Resolved-12-months bank statements provided to confirm another individual is paying the mortgage for xxxxxx. - Due Diligence Vendor-04/03/2025
Open-Audited DTI of 61.32% exceeds Guideline DTI of 50% DTI exceeds that max allowed of 50%. - Due Diligence Vendor-04/01/2025
  Resolved-12-months bank statements provided to confirm another individual is paying the mortgage for xxxxxx. - Due Diligence Vendor-04/03/2025
LTV is less than guideline maximum - LTV is 54.19% and max allowed ios 80%
Qualifying FICO score is at least 20 points above minimum for program - Score is 756 and minimum allowed is 660.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
831986   D B C B A A D A Closed xxxxxx 2025-04-02 16:45 2025-04-03 10:02 Waived 2 - Non-Material C B Credit Eligibility Ineligible Property Waived-Document Uploaded. Client waiver applied to non-material finding with compensating factors.  Exception for 3 Family with 1 ADU. - Due Diligence Vendor-04/03/2025
Open-xxxxxx requirements for a property with a xxxxxx-unit dwelling and an ADU is not eligible, and an ADU is only permitted on a xxxxxx-unit property. Lender Exception Request is in file. Provide an Lender exception Approval to allow the ADU. - Due Diligence Vendor-04/02/2025
  Waived-Document Uploaded. Client waiver applied to non-material finding with compensating factors.  Exception for 3 Family with 1 ADU. - Due Diligence Vendor-04/03/2025
LTV is less than guideline maximum - LTV is 54.19% and max allowed ios 80%
Qualifying FICO score is at least 20 points above minimum for program - Score is 756 and minimum allowed is 660.
Credit Score 30+ points > minimum required
Reserves exceed requirement by 6 months or more
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
831986   D B C B A A D A Closed xxxxxx 2025-04-01 13:04 2025-04-03 09:58 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-xxxxxx provided clearing the underwriter and title company - Due Diligence Vendor-04/03/2025
Open-OFAC Check Not Completed and/or Cleared. Title Company reflects insufficient data and Red alert for the underwriter. Provide documentation to support clear. - Due Diligence Vendor-04/01/2025
  Resolved-xxxxxx provided clearing the underwriter and title company - Due Diligence Vendor-04/03/2025
LTV is less than guideline maximum - LTV is 54.19% and max allowed ios 80%
Qualifying FICO score is at least 20 points above minimum for program - Score is 756 and minimum allowed is 660.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
831992   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
832202   D B D B A A A A Closed xxxxxx 2025-03-04 09:02 2025-03-07 15:11 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received PITIA validation for REO properties. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded. Please see attached documentation to support the PITIA for xxxxxx.  - Seller-03/05/2025
Open-Missing verification of taxes and HOA for REO Property xxxxxx, missing HOA verification for xxxxxx. - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded. Please see attached documentation to support the PITIA for xxxxxx.  - Seller-03/05/2025
Resolved-Received PITIA validation for REO properties. - Due Diligence Vendor-03/07/2025
Verified employment history exceeds guidelines - Verified employment history exceeds guidelines (5+years)
Qualifying DTI below maximum allowed - DTI is 32.61% and max DTI is 50%
  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
832202   D B D B A A A A Closed xxxxxx 2025-03-04 08:48 2025-03-04 11:24 Waived 2 - Non-Material C B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/04/2025
Open-Housing History Does Not Meet Guideline Requirements Client provided an Exception to waive the 12 months proof of payments for subject private mortgage lien, applied to non material finding with comp factors. - Due Diligence Vendor-03/04/2025
  Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/04/2025
Verified employment history exceeds guidelines - Verified employment history exceeds guidelines (5+years)
Qualifying DTI below maximum allowed - DTI is 32.61% and max DTI is 50%
-On time mortgage history exceeds guideline requirement for 24 months.
-DTI is 32.61% and max DTI is 43%
-Verified employment history exceeds guidelines (5+years)
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Originator Post-Close Yes xxxxxx
832207   C A C A A A A A Closed xxxxxx 2025-02-28 15:14 2025-03-06 15:59 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received PITIA. - Due Diligence Vendor-03/06/2025
Ready for Review-Document Uploaded. Please see attached documents supporting the PITIA of $1814.60 as per the 1003 for the xxxxxx property.  - Seller-03/04/2025
Open-Housing History Does Not Meet Guideline Requirements PITIA needed for REO xxxxxx - Due Diligence Vendor-02/28/2025
Ready for Review-Document Uploaded. Please see attached documents supporting the PITIA of $1814.60 as per the 1003 for the xxxxxx property.  - Seller-03/04/2025
Resolved-Received PITIA. - Due Diligence Vendor-03/06/2025
Months Reserves exceed minimum required - 6 mths reserves required- Brw's reserves 12.59 mths
LTV is less than guideline maximum - Max LTV 75% - Brw's LTV 30.52%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
832209   B B A A B B A A Closed xxxxxx 2025-03-24 19:03 2025-03-24 20:48 Waived 2 - Non-Material B B Compliance Data Borrower 1 Final Signature Date is in the future Waived-Borrower 1 Final Signature Date is greater than the transaction date of xxxxxx Originator waiver applied to non-material findings.  - Due Diligence Vendor-03/25/2025   Waived-Borrower 1 Final Signature Date is greater than the transaction date of xxxxxx Originator waiver applied to non-material findings.  - Due Diligence Vendor-03/25/2025
LTV is less than guideline maximum - Max LTV is 75%- Borrower's LTV 60.87%
Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI 43% 
  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 Originator Post-Close No xxxxxx
832211   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
832213   D A D A A A A A Closed xxxxxx 2025-02-20 15:36 2025-03-13 15:45 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received validation of primary PITIA and HELOC  - Due Diligence Vendor-03/13/2025
Ready for Review-Document was re-uploaded (xxxxxx.PDF) which is opening on the portal - Seller-03/13/2025
Counter-Documents error-please re upload. - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. Please see attached - Seller-03/11/2025
Counter-Property Profile document will not open.  Please re-upload. - Due Diligence Vendor-03/03/2025
Ready for Review-Document Uploaded. Disagree with the findings. There are no additional liens on primary residence and the only Heloc in credit report is already included in DTI. Please see attached property profile showing their is no 2nd lien on the Primary Residence and a corrected 1003 - Seller-02/28/2025
Counter-Received HELOC statement-this is included on property xxxxxx on final 1003.  Confirm subordinate financing on primary residence and provide applicable documentation. - Due Diligence Vendor-02/24/2025
Ready for Review-Document Uploaded. Please see attached.  - Seller-02/21/2025
Open-Per the 1008, there is subordinate financing on the primary home that was not documented. Audit used amount stated on 1008. - Due Diligence Vendor-02/20/2025
Ready for Review-Document was re-uploaded (xxxxxx. .PDF) which is opening on the portal - Seller-03/13/2025
 Ready for Review-Document Uploaded. Please see attached - Seller-03/11/2025
 Ready for Review-Document Uploaded. Disagree with the findings. There are no additional liens on primary residence and the only Heloc in credit report is already included in DTI. Please see attached property profile showing their is no 2nd lien on the Primary Residence and a corrected 1003 - Seller-02/28/2025
 Ready for Review-Document Uploaded. Please see attached.  - Seller-02/21/2025
Resolved-Received validation of primary PITIA and HELOC  - Due Diligence Vendor-03/13/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Borrower's FICO 726
Months Reserves exceed minimum required - 3 mths reserves required- Borrower's reserves 64.26 mths
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
832214   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
832216   C A C A A A A A Closed xxxxxx 2025-03-25 14:33 2025-03-25 15:00 Resolved 1 - Information C A Credit Assets Cash Out Does Not Meet Guideline Requirements Resolved-Cash Out Meets Guideline Requirements - Due Diligence Vendor-03/25/2025
Open-Cash Out Does Not Meet Guideline Requirements Cash back to borrower = $5051.77 / Exceeds the maximum amount of the lesser of 2% or $5,000 - Due Diligence Vendor-03/25/2025
  Resolved-Cash Out Meets Guideline Requirements - Due Diligence Vendor-03/25/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 700, borrower has a mid score of 793
Months Reserves exceed minimum required - 3 month minimum reserve requirement, borrower has 11.45 documented
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
832217   D B D B A A A A Closed xxxxxx 2025-02-25 13:39 2025-02-25 13:40 Waived 2 - Non-Material D B Credit Missing Doc Missing VOM or VOR Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/25/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Lender Exception: "current guidelines require a 12 month housing history" - Due Diligence Vendor-02/25/2025
  Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/25/2025
Months Reserves exceed minimum required - 0 months reserves required, borrower has 29.23 documented
LTV is less than guideline maximum - LTV Max 60%, loan is at 57.95%
LTV
24+ months clean credit
Using lower 1007 amount
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Post-Close Yes xxxxxx
832218   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
832221   D B D B A A A A Closed xxxxxx 2025-03-03 10:44 2025-03-03 14:08 Waived 2 - Non-Material C B Credit Eligibility Borrower Rental Experience Insufficient per Guidelines (DSCR) Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/03/2025
Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Exception request: First time investor must own primary res. Seeking approval to proceed as a first time investor not owning primary res. Owns two investment properties for 4 months. - Due Diligence Vendor-03/03/2025
  Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/03/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 620- Borrower's FICO 702
LTV is less than guideline maximum - Max LTV 75%- Borrower's LTV under 65%
LTV 5% below max
FICO 20 points above min
Guideline update 
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated Originator Post-Close Yes xxxxxx
832221   D B D B A A A A Closed xxxxxx 2025-03-03 10:50 2025-03-03 14:07 Waived 2 - Non-Material D B Credit Missing Doc Missing Lease Agreement Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/03/2025
Open-Exception Request: Seeking approval to proceed without lease under new UW guidelines since actual rents listed on appraisal. - Due Diligence Vendor-03/03/2025
  Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/03/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 620- Borrower's FICO 702
LTV is less than guideline maximum - Max LTV 75%- Borrower's LTV under 65%
LTV 5% below max
FICO 20 points above min
Guideline update 
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated Originator Post-Close Yes xxxxxx
832224   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
832225   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
832226   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 Cash Out - Other      
832231   C A C A A A A A Closed xxxxxx 2025-02-26 10:34 2025-03-10 15:29 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-Received confirmation of sufficient title coverage. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. The Borrower is insured for the purchase price of the subject, the lender is insured for the loan amount.  - Seller-03/06/2025
Counter-Commitment provided, however the amount of insurance is $xxxxxx.  and the loan amount is xxxxxx - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded. Please see attached.  - Seller-03/03/2025
Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Provide the Final Title Report with sufficient Title Covearge. - Due Diligence Vendor-02/26/2025
Ready for Review-Document Uploaded. The Borrower is insured for the purchase price of the subject, the lender is insured for the loan amount.  - Seller-03/06/2025
 Ready for Review-Document Uploaded. Please see attached.  - Seller-03/03/2025
Resolved-Received confirmation of sufficient title coverage. - Due Diligence Vendor-03/10/2025
Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI under 30%
Months Reserves exceed minimum required - 6 mths reserves required- Brw's reserves 8+ mths 
  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
832237   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated      
832240   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
832243   C A C A A A A A Closed xxxxxx 2025-02-13 15:25 2025-02-19 15:55 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Received HOI policy. - Due Diligence Vendor-02/19/2025
Ready for Review-Document Uploaded. see attached - Seller-02/18/2025
Open-Insufficient Coverage Amount for Insured Subject Property. Provide the complete Hazard Insurance policy with sufficient coverage. - Due Diligence Vendor-02/13/2025
Ready for Review-Document Uploaded. see attached - Seller-02/18/2025
Resolved-Received HOI policy. - Due Diligence Vendor-02/19/2025
Additional assets not used to qualify - Assets of $157149.21 needed- Borrower has $170432.78 available
Months Reserves exceed minimum required - 0 mths reserves req'd- Borrower has 5.07 mths
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
832243   C A C A A A A A Closed xxxxxx 2025-02-13 15:25 2025-02-19 15:55 Resolved 1 - Information C A Credit Insurance Rent Loss Coverage is Insufficient or Missing Resolved-Received Rent Loss Coverage. - Due Diligence Vendor-02/19/2025
Ready for Review-Document Uploaded. See attached - Seller-02/18/2025
Open-Rent Loss Coverage is Insufficient or Missing. Provide proof that the Hazard Insurance policy has acceptable Rent Loss Coverage. - Due Diligence Vendor-02/13/2025
Ready for Review-Document Uploaded. See attached - Seller-02/18/2025
Resolved-Received Rent Loss Coverage. - Due Diligence Vendor-02/19/2025
Additional assets not used to qualify - Assets of $157149.21 needed- Borrower has $170432.78 available
Months Reserves exceed minimum required - 0 mths reserves req'd- Borrower has 5.07 mths
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
832244   C A C A A A A A Closed xxxxxx 2025-03-04 09:28 2025-03-10 15:35 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved-Received acceptable asset documentation. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. Please note, the funds for the account in question were transferred from the borrower's checking account. Attached please find the January statement for the checking account covering the required 30+days.  - Seller-03/06/2025
Open-Asset Record 1 Does Not Meet G/L Requirements Provide a complete one month bank statements (covering 30+ days) for Asset Acct xxxxxx.  Statement provided does not cover 30 days. - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded. Please note, the funds for the account in question were transferred from the borrower's checking account. Attached please find the January statement for the checking account covering the required 30+days.  - Seller-03/06/2025
Resolved-Received acceptable asset documentation. - Due Diligence Vendor-03/10/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Borrower's FICO 725

Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's 33.38% 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832247   C A C A A A A A Closed xxxxxx 2025-02-27 11:06 2025-03-06 08:47 Resolved 1 - Information C A Credit Insurance Flood Certification Date is greater than Note Date Resolved-Upon further review, the loan file contained all required flood determination documentation. - Due Diligence Vendor-03/06/2025
Ready for Review-We respectfully disagree. Although the loan documents were executed on xxxxxx, the loan was disbursed/funded on xxxxxx. As such the Flood Certificate date of xxxxxx is within the allowable timelines.  - Seller-03/03/2025
Open-Flood Certification Date is greater than xxxxxx Provide Flood Certification pulled prior to the Note Date of xxxxxx.  - Due Diligence Vendor-02/27/2025
Ready for Review-We respectfully disagree. Although the loan documents were executed on xxxxxx, the loan was disbursed/funded on xxxxxx. As such the Flood Certificate date of xxxxxx is within the allowable timelines.  - Seller-03/03/2025
Resolved-Upon further review, the loan file contained all required flood determination documentation. - Due Diligence Vendor-03/06/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Borrower's FICO 784
LTV is less than guideline maximum - Max LTV 85%- Borrower's C+LTV 69.96% 
  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
832247   C A C A A A A A Closed xxxxxx 2025-02-27 12:34 2025-02-28 10:02 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Audited Reserves of 9.43 month(s) are greater than or equal to Guideline Required Reserves of 9 month(s) - Due Diligence Vendor-02/28/2025
Open-Audited Reserves of 7.57 month(s) are less than Guideline Required Reserves of 9 month(s) BORROWER SHORT RESERVES - Due Diligence Vendor-02/27/2025
  Resolved-Audited Reserves of 9.43 month(s) are greater than or equal to Guideline Required Reserves of 9 month(s) - Due Diligence Vendor-02/28/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Borrower's FICO 784
LTV is less than guideline maximum - Max LTV 85%- Borrower's C+LTV 69.96% 
  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
832258   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
832260   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
832265   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
832268   C A A A C A A A Closed xxxxxx 2025-02-27 11:11 2025-03-12 08:07 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Upon further review,Lender credit in file for Closing Costs above legal limit, $1,381.95. Finding resolved. - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. Please see Final CD which shows a $1381.95 cure on the last line (Lender Credit) of page 2.  - Seller-03/11/2025
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 $1,381.95.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). -----Zero (0%) tolerance fees increased by $1,381.95 (Transfer Taxes) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $1,381.95, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-02/27/2025
Ready for Review-Document Uploaded. Please see Final CD which shows a $1381.95 cure on the last line (Lender Credit) of page 2.  - Seller-03/11/2025
Resolved-Upon further review,Lender credit in file for Closing Costs above legal limit, $1,381.95. Finding resolved. - Due Diligence Vendor-03/12/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Brw's FICO 717
Qualifying DTI below maximum allowed - Max DTI 50%- Brw's DTI 23.5%
  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
832269   C B C B A A A A Closed xxxxxx 2025-02-28 06:54 2025-02-28 10:22 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is greater than Guideline Maximum Loan Amount Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/28/2025
Open-Audited Loan Amount is greater than the Guideline Maximum Loan Amount of $3000000 Lender Exception on file to increase max loan amount  - Due Diligence Vendor-02/28/2025
  Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/28/2025
Months Reserves exceed minimum required - 20 mths reserves; 9 mths required.
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 771
Credit
DTI
Self Employed for 6 years 
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close Yes xxxxxx
832270   D A D A A A A A Closed xxxxxx 2025-02-28 12:14 2025-04-15 09:38 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Received sufficient asset documentation-reserves are acceptable. - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. Please see attached PDF for the balance of $3265.98 for account xxxxxx as of 02/27/25 - Seller-03/11/2025
Counter-Did not receive  $3265.98 for account xxxxxx-please re upload.  (Received acct xxxxxx $145.05) - Due Diligence Vendor-03/07/2025
Ready for Review-Please refer to page 14 of the Assets uploaded PDF for the balance of $3265.98 for account xxxxxx as of 02/27/25.  - Seller-03/06/2025
Counter-Review has $26.78 balance for xxxxxx as of 2/18/2025.  - Due Diligence Vendor-03/05/2025
Ready for Review-Document Uploaded. Please note the assets totaled $167,195.78 (gift funds $100,000.00 + acct #..xxxxxx $63,784.75 + acct #..xxxxxx $3265.98 + acct xxxxxx $145.05). The 6 months reserves required were $31,246.08. After the funds for closing in the amount $134,628.02, the borrower had $32,567.76 in assets, which is exceeds the required 6 months reserves. Please see attached.  - Seller-03/04/2025
Open-Audited Reserves of 5.87 month(s) are less than Guideline Required Reserves of 6 month(s) Insuf Rsrvs  - Due Diligence Vendor-02/28/2025
Ready for Review-Document Uploaded. Please see attached PDF for the balance of $3265.98 for account xxxxxx as of 02/27/25 - Seller-03/11/2025
 Ready for Review-Please refer to page 14 of the Assets uploaded PDF for the balance of $3265.98 for account xxxxxx as of 02/27/25.  - Seller-03/06/2025
 Ready for Review-Document Uploaded. Please note the assets totaled $167,195.78 (gift funds $100,000.00 + acct #..xxxxxx $63,784.75 + acct #..xxxxxx $3265.98 + acct #..xxxxxx $145.05). The 6 months reserves required were $31,246.08. After the funds for closing in the amount $134,628.02, the borrower had $32,567.76 in assets, which is exceeds the required 6 months reserves. Please see attached.  - Seller-03/04/2025
Resolved-Received sufficient asset documentation-reserves are acceptable. - Due Diligence Vendor-03/12/2025
Qualifying DTI below maximum allowed - Max DTI 50%- Brw's DTI 46.544%
Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Residual Inc Avail (+9.1k) 
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832270   D A D A A A A A Closed xxxxxx 2025-02-28 10:23 2025-03-06 15:49 Resolved 1 - Information D A Credit Missing Doc Missing Updated Credit Report Supplement Resolved-Received documentation to support the account is current. - Due Diligence Vendor-03/06/2025
Ready for Review-Document Uploaded. Please note the mortgage with xxxxxx Mortgage is current as evidenced by the attached 02/01/2025 statement along with the xxxxxx statement reflecting the December and January payments.  As the subject loan closed in xxxxxx, the next payment was not overdue. As such a credit supplement is not required.  - Seller-03/04/2025
Open-Provide credit supplement or similar proof that the mortgage with xxxxxx showing the mortgage is now current. - Due Diligence Vendor-02/28/2025
Ready for Review-Document Uploaded. Please note the mortgage with xxxxxx Mortgage is current as evidenced by the attached 02/01/2025 statement along with the xxxxxx statement reflecting the December and January payments.  As the subject loan closed in xxxxxx, the next payment was not overdue. As such a credit supplement is not required.  - Seller-03/04/2025
Resolved-Received documentation to support the account is current. - Due Diligence Vendor-03/06/2025
Qualifying DTI below maximum allowed - Max DTI 50%- Brw's DTI 46.544%
Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Residual Inc Avail (+9.1k) 
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832270   D A D A A A A A Closed xxxxxx 2025-02-28 10:24 2025-03-05 17:27 Resolved 1 - Information C A Credit Assets Gift Funds General Resolved-Upon further review, no further documentation is required. - Due Diligence Vendor-03/05/2025
Ready for Review-We respectfully disagree for the need to obtain an updated gift letter as the actual gift amount received by the borrower did not actually exceed the amount the donor was willing to provide.  - Seller-03/04/2025
Open-Provide a correct Gift Letter showing the actual funds given at closing. - Due Diligence Vendor-02/28/2025
Ready for Review-We respectfully disagree for the need to obtain an updated gift letter as the actual gift amount received by the borrower did not actually exceed the amount the donor was willing to provide.  - Seller-03/04/2025
Resolved-Upon further review, no further documentation is required. - Due Diligence Vendor-03/05/2025
Qualifying DTI below maximum allowed - Max DTI 50%- Brw's DTI 46.544%
Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Residual Inc Avail (+9.1k) 
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832271   D A D A A A A A Closed xxxxxx 2025-03-04 07:50 2025-03-27 15:44 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Received UDM report reflecting start date. - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. Please see attached DV showing there have been no changes to the borrower's credit that would impact the credit decision - Seller-03/26/2025
Counter-Received Fraud Report-UDM monitoring not started.  Please provide Gap Credit Report. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded. Please see attached.  - Seller-03/05/2025
Open-Borrower 1 Gap Credit Report is Missing Provide the borrower's Gap Credit Report. - Due Diligence Vendor-03/04/2025
Ready for Review-Document Uploaded. Please see attached DV showing there have been no changes to the borrower's credit that would impact the credit decision - Seller-03/26/2025
 Ready for Review-Document Uploaded. Please see attached.  - Seller-03/05/2025
Resolved-Received UDM report reflecting start date. - Due Diligence Vendor-03/27/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640- Borrower's FICO 773
Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI 11.76%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832274   D A D A A A C A Closed xxxxxx 2025-02-25 08:49 2025-03-10 15:00 Resolved 1 - Information C A Property Property FEMA disaster declared INDIVIDUAL Resolved-Received PDI with an inspection date of xxxxxx. No damage. - Due Diligence Vendor-03/10/2025
Ready for Review-Document Uploaded. Please see attached.  - Seller-03/07/2025
Counter-Received US xxxxxx xxxxxx Map screenshot, however the most recent inspection was xxxxxx and the declared end date is xxxxxx.  PDI will be required to clear this finding.  - Due Diligence Vendor-02/26/2025
Ready for Review-Document Uploaded. Please note the appraisal completion date of xxxxxx was after the xxxxxx incidents in the County. As evidenced by the appraisal exterior and interior photos, the subject did not sustain any damages. Additionally, according to the attached xxxxxx xxxxxx.  screenshot, the subject property was not located in a xxxxxx zone.  - Seller-02/25/2025
Open-xxxxxx
Incident Period: xxxxxx
Major Disaster Declaration declared on xxxxxx-PDI not provided - Due Diligence Vendor-02/25/2025
Ready for Review-Document Uploaded. Please see attached.  - Seller-03/07/2025
 Ready for Review-Document Uploaded. Please note the appraisal completion date of xxxxxx was after the xxxxxx incidents in the County. As evidenced by the appraisal exterior and interior photos, the subject did not sustain any damages. Additionally, according to the attached xxxxxx xxxxxx.  screenshot, the subject property was not located in a xxxxxx zone.  - Seller-02/25/2025
Resolved-Received PDI with an inspection date of xxxxxx. No damage. - Due Diligence Vendor-03/10/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, borrowers mid score is 808

LTV is less than guideline maximum - Min LTV is 80%, borrowers LTV is 48.39%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832274   D A D A A A C A Closed xxxxxx 2025-02-24 11:04 2025-02-26 16:47 Resolved 1 - Information D A Credit Missing Doc Missing Trust Agreement Resolved-Upon further review, the Trustee Statement is sufficient to meet the guideline requirements. - Due Diligence Vendor-02/26/2025
Ready for Review-Document Uploaded. Please note according to the program guidelines, "Confirm the trust income by obtaining a copy of the trust agreement or the trustee’s statement confirming the amount, frequency, and duration of payments". The loan file contained the attached Trust Cert. confirming the amount, frequency, and duration of payments.
 - Seller-02/25/2025
Open-Missing trust agreement to support trust income,  docs provided do not show trust agreement the amount, frequency, and duration of payments nor does it show income will continue for three (3) years
LOE from Trustee does not suffice. - Due Diligence Vendor-02/24/2025
Ready for Review-Document Uploaded. Please note according to the program guidelines, "Confirm the trust income by obtaining a copy of the trust agreement or the trustee’s statement confirming the amount, frequency, and duration of payments". The loan file contained the attached Trust Cert. confirming the amount, frequency, and duration of payments.
 - Seller-02/25/2025

Resolved-Upon further review, the Trustee Statement is sufficient to meet the guideline requirements. - Due Diligence Vendor-02/26/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, borrowers mid score is 808

LTV is less than guideline maximum - Min LTV is 80%, borrowers LTV is 48.39%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832274   D A D A A A C A Closed xxxxxx 2025-02-25 08:59 2025-02-26 16:46 Resolved 1 - Information C A Credit Eligibility Audited DTI Exceeds Guideline DTI Resolved-Received documentation to support the borrower is not a FTHB as defined in the guidelines.  - Due Diligence Vendor-02/26/2025
Ready for Review-Document Uploaded. As evidenced by the attached property profile, the borrower was not a FTHB as she has had ownership interest in a real property. According to the program guidelines "A FTHB is defined as an applicant who have never previously owned a home (real property)". As such, the max DTI allowed was 50%. - Seller-02/25/2025
Open-Audited DTI of 45.75% exceeds Guideline DTI of 45% Max for FTHB is 45% - Due Diligence Vendor-02/25/2025
Ready for Review-Document Uploaded. As evidenced by the attached property profile, the borrower was not a FTHB as she has had ownership interest in a real property. According to the program guidelines "A FTHB is defined as an applicant who have never previously owned a home (real property)". As such, the max DTI allowed was 50%. - Seller-02/25/2025

Resolved-Received documentation to support the borrower is not a FTHB as defined in the guidelines. - Due Diligence Vendor-02/26/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, borrowers mid score is 808

LTV is less than guideline maximum - Min LTV is 80%, borrowers LTV is 48.39%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832274   D A D A A A C A Closed xxxxxx 2025-02-25 08:56 2025-02-26 16:43 Resolved 1 - Information C A Credit QM-ATR ATR: The Lender did not document all ATR Factors Resolved-Upon further review, the statement from the Trustee meets the guideline requirements. - Due Diligence Vendor-02/26/2025
Ready for Review-Document Uploaded. Please note according to the program guidelines, "Confirm the trust income by obtaining a copy of the trust agreement or the trustee’s statement confirming the amount, frequency, and duration of payments". The loan file contained the attached Trust Cert. confirming the amount, frequency, and duration of payments.  - Seller-02/25/2025
Open-ATR: The Lender did not document all ATR Factors Missing trust agreement to support trust income,  docs provided do not show trust agreement the amount, frequency, and duration of payments nor does it show income will continue for three (3) years
LOE from Trustee does not suffice. - Due Diligence Vendor-02/25/2025
Ready for Review-Document Uploaded. Please note according to the program guidelines, "Confirm the trust income by obtaining a copy of the trust agreement or the trustee’s statement confirming the amount, frequency, and duration of payments". The loan file contained the attached Trust Cert. confirming the amount, frequency, and duration of payments.  - Seller-02/25/2025

Resolved-Upon further review, the statement from the Trustee meets the guideline requirements. - Due Diligence Vendor-02/26/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, borrowers mid score is 808

LTV is less than guideline maximum - Min LTV is 80%, borrowers LTV is 48.39%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832274   D A D A A A C A Closed xxxxxx 2025-02-25 08:56 2025-02-26 16:43 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-Upon further review the Trustee Statement meets the guideline requirements. - Due Diligence Vendor-02/26/2025

Ready for Review-Document Uploaded. Please note according to the program guidelines, "Confirm the trust income by obtaining a copy of the trust agreement or the trustee’s statement confirming the amount, frequency, and duration of payments". The loan file contained the attached Trust Cert. confirming the amount, frequency, and duration of payments.  - Seller-02/25/2025

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing trust agreement to support trust income,  docs provided do not show trust agreement the amount, frequency, and duration of payments nor does it show income will continue for three (3) years
LOE from Trustee does not suffice. - Due Diligence Vendor-02/25/2025
Ready for Review-Document Uploaded. Please note according to the program guidelines, "Confirm the trust income by obtaining a copy of the trust agreement or the trustee’s statement confirming the amount, frequency, and duration of payments". The loan file contained the attached Trust Cert. confirming the amount, frequency, and duration of payments.  - Seller-02/25/2025

Resolved-Upon further review the Trustee Statement meets the guideline requirements. - Due Diligence Vendor-02/26/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, borrowers mid score is 808

LTV is less than guideline maximum - Min LTV is 80%, borrowers LTV is 48.39%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832274   D A D A A A C A Closed xxxxxx 2025-02-26 16:38 2025-02-26 16:43 Resolved 1 - Information C A Credit QM-ATR Discrepancy between Originator QM Status and Final QM Status Resolved-The Originator QM Status and Final QM Status are the same. - Due Diligence Vendor-02/26/2025

Open-The Originator QM Status is not the same as the Final QM Status.  - Due Diligence Vendor-02/26/2025
  Resolved-The Originator QM Status and Final QM Status are the same. - Due Diligence Vendor-02/26/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, borrowers mid score is 808

LTV is less than guideline maximum - Min LTV is 80%, borrowers LTV is 48.39%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832277   C A C A A A A A Closed xxxxxx 2025-02-27 13:08 2025-03-13 14:37 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received rent free letter. - Due Diligence Vendor-03/13/2025

Ready for Review-Document Uploaded. Please see attached.  - Seller-03/12/2025

Open-Housing History Does Not Meet Guideline Requirements Provide clarification to the Living Arrangement Letter, letter does not indicate if the borrower lives rent free. - Due Diligence Vendor-02/27/2025
Ready for Review-Document Uploaded. Please see attached.  - Seller-03/12/2025

Resolved-Received rent free letter. - Due Diligence Vendor-03/13/2025

LTV is less than guideline maximum - Max LTV 90%- Brw LTV 80%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Brw's FICO 787 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832292   D B D B A A A A Closed xxxxxx 2025-03-21 14:06 2025-03-26 12:01 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Received gap report. - Due Diligence Vendor-03/26/2025

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-03/21/2025
  Resolved-Received gap report. - Due Diligence Vendor-03/26/2025

Qualifying FICO score is at least 20 points above minimum for program - 795 FICO; 700 required

Qualifying DTI below maximum allowed - DTI <= 36% which is below required guidelines 50% DTI

Months Reserves exceed minimum required - 50 mo. reserves greater than 4 months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832292   D B D B A A A A Closed xxxxxx 2025-03-21 14:22 2025-03-21 15:12 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client allowed - Due Diligence Vendor-03/21/2025

Open-Audited LTV of 80% exceeds Guideline LTV of 75% Exception provided for 80% LTV  - Due Diligence Vendor-03/21/2025
  Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client allowed - Due Diligence Vendor-03/21/2025

Qualifying FICO score is at least 20 points above minimum for program - 795 FICO; 700 required

Qualifying DTI below maximum allowed - DTI <= 36% which is below required guidelines 50% DTI

Months Reserves exceed minimum required - 50 mo. reserves greater than 4 months
DTI =< 36%
Residual Income more than 2.5x
0x30 for 48 months on all mortgages 
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
832295   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
832304   C B C B A A A A Closed xxxxxx 2025-03-06 16:32 2025-03-10 09:41 Waived 2 - Non-Material C B Credit Eligibility Calculated DSCR does not meet the Minimum DSCR allowed Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/10/2025
Open-The Calculated DSCR of '1.159' is less than the minimum DSCR per lender guidelines of '1.25'. Lender exception in file.  DSCR – Loan Amount < $150,000 requires minimum DSCR of 1.25.   - Due Diligence Vendor-03/06/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/10/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO = 737     Min FICO = 660

On time mortgage history exceeds guideline requirement - On Time Mortgage History = 99 Months       Required = 12 months
1. Reserves – 10+ mos > guidelines
2. FICO – 10+ pts > guidelines
3. LTV/CLTV% - < 10% of guidelines
4. Mortgage History – 0x30x24 +
5. Locked with Prepay = YES
6. Locked with Escrows = YES
7. Investor Experience = YES
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
832307   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
832309   C B C B A A A A Closed xxxxxx 2025-04-17 12:44 2025-04-17 12:44 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/17/2025
Open-Primary Value Valuation Property Condition Rating Does Not Meet Program Requirements Condo is not Warrantable. 1. Project is 25% owner-occupied 2 Established projects require 40% of the total units in the project to be owner occupied. - Due Diligence Vendor-04/17/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-04/17/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 737; guidelines require 640

On time mortgage history exceeds guideline requirement - Mortgage History 0x30x24
1. Qualifying FICO score 737; guidelines require 700.
2. Mortgage History 0x30x24

Subject unit and project are typical for the area. Borrower is an experienced investor with multiple similar properties in the area. Borrower has high credit score and good mortgage repayment history.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
832309   C B C B A A A A Closed xxxxxx 2025-03-06 16:46 2025-03-17 15:44 Resolved 1 - Information C A Credit Assets Total Qualified Assets Post-Close is Less than $0 Resolved-CD from refi provided and operating agreement confirming 100% ownership of LLC - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/17/2025
Counter-Received CD reflecting borrower as xxxxxx-provide operating agreement confirming borrowers 100% ownership for proceeds to be considered. - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. Please see attached CD from simultaneous refi. - Buyer-03/13/2025
Open-Total Qualified Assets Post-Close amount is '$-23528.28'.  Assets are Insufficient. Insuf Assts  - Due Diligence Vendor-03/06/2025
  Resolved-CD from refi provided and operating agreement confirming 100% ownership of LLC - Due Diligence Vendor-03/17/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 737; guidelines require 640

On time mortgage history exceeds guideline requirement - Mortgage History 0x30x24
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
832309   C B C B A A A A Closed xxxxxx 2025-03-06 17:02 2025-03-17 15:42 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-CD from refi provided and operating agreement confirming % ownership of LLC - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-03/17/2025
Counter-Received CD reflecting borrower as xxxxxx-provide operating agreement confirming borrowers 100% ownership for proceeds to be considered. - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. Please see attached CD from simultaneous refi. - Buyer-03/13/2025
Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of 2 month(s) Audited Reserves of 0 month(s) are less than Guideline Required Reserves of 2 month(s) - Due Diligence Vendor-03/06/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-03/17/2025

Resolved-CD from refi provided and operating agreement confirming % ownership of LLC - Due Diligence Vendor-03/17/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 737; guidelines require 640

On time mortgage history exceeds guideline requirement - Mortgage History 0x30x24
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
832309   C B C B A A A A Closed xxxxxx 2025-03-06 16:55 2025-03-10 09:16 Waived 2 - Non-Material C B Credit Eligibility Calculated DSCR does not meet the Minimum DSCR allowed Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/10/2025

Open-The Calculated DSCR of '1.186' is less than the minimum DSCR per lender guidelines of '1.25'. Minimum DSCR is 1.25 for loan $150,000.  The Calculated DSCR of '1.186' is less than the minimum DSCR per lender guidelines of '1.25'. - Due Diligence Vendor-03/06/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/10/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 737; guidelines require 640

On time mortgage history exceeds guideline requirement - Mortgage History 0x30x24
1. Qualifying FICO score 737; guidelines require 700.
2. Mortgage History 0x30x24

Subject unit and project are typical for the area. Borrower is an experienced investor with multiple similar properties in the area. Borrower has high credit score and good mortgage repayment history.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
832329   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
832331   A A A A A A A A             A A                 QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA      
832332   D A D A A A A A Closed xxxxxx 2025-03-25 10:30 2025-04-02 11:21 Resolved 1 - Information D A Credit Missing Doc Borrower 1 3rd Party VOE Prior to Close Missing Resolved-Received VVOE. - Due Diligence Vendor-04/02/2025

Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing verbal VOE dated no more than 10 calendar days prior to Note date.  G-rate guide silent on VVOE, defaulted to Verus. - Due Diligence Vendor-03/25/2025
  Resolved-Received VVOE. - Due Diligence Vendor-04/02/2025

LTV is less than guideline maximum - 50.26% LTV is less than 80% guideline max

Qualifying FICO score is at least 20 points above minimum for program - 809 FICO is 20+ points above 660 minimum
  QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832332   D A D A A A A A Closed xxxxxx 2025-03-25 09:44 2025-04-02 11:19 Resolved 1 - Information C A Credit Eligibility Purchase Contract Issue Resolved-Received Purchase Contract Amendment with final purchase price. - Due Diligence Vendor-04/02/2025

Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing contract addendum with final purchase price shown on CD. - Due Diligence Vendor-03/25/2025
  Resolved-Received Purchase Contract Amendment with final purchase price. - Due Diligence Vendor-04/02/2025

LTV is less than guideline maximum - 50.26% LTV is less than 80% guideline max

Qualifying FICO score is at least 20 points above minimum for program - 809 FICO is 20+ points above 660 minimum
  QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832332   D A D A A A A A Closed xxxxxx 2025-03-25 09:36 2025-03-31 11:28 Resolved 1 - Information D A Credit Missing Doc Evidence of Property Tax Missing Resolved-Received tax verification. - Due Diligence Vendor-03/31/2025

Ready for Review-Document Uploaded. Please see attached tax calculations - Buyer-03/28/2025

Open-Missing Evidence of Property Tax Missing lender's calculation. - Due Diligence Vendor-03/25/2025
  Resolved-Received tax verification. - Due Diligence Vendor-03/31/2025

LTV is less than guideline maximum - 50.26% LTV is less than 80% guideline max

Qualifying FICO score is at least 20 points above minimum for program - 809 FICO is 20+ points above 660 minimum
  QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832332   D A D A A A A A Closed xxxxxx 2025-03-25 09:36 2025-03-31 11:27 Resolved 1 - Information D A Credit Missing Doc Title Document is Incomplete Resolved-Received supplement with sufficient coverage. - Due Diligence Vendor-03/31/2025

Ready for Review-Document Uploaded. Please see Title. - Buyer-03/28/2025

Open-Title Document is Incomplete Missing title supplement with insured loan amount - Due Diligence Vendor-03/25/2025
  Resolved-Received supplement with sufficient coverage. - Due Diligence Vendor-03/31/2025

LTV is less than guideline maximum - 50.26% LTV is less than 80% guideline max

Qualifying FICO score is at least 20 points above minimum for program - 809 FICO is 20+ points above 660 minimum
  QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832342   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
832350   C A A A C A A A Closed xxxxxx 2025-03-28 10:15 2025-04-04 08:34 Resolved 1 - Information C A Compliance TRID Initial Closing Disclosure Delivery Date Test Resolved-Upon further review, no additional documentation required. - Due Diligence Vendor-04/16/2025
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. Initial CD receipt date of xxxxxx is less than three business days prior to closing date of xxxxxx. Statute of Limitations 3 years- Expiration date is xxxxxx. - Due Diligence Vendor-03/28/2025
  Resolved-Upon further review, no additional documentation required. - Due Diligence Vendor-04/16/2025

Months Reserves exceed minimum required - Guidelines require 3 months of reserves.  Qualifying reserves are 857 months.

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 660 credit score.  Qualifying credit score is 801.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
832352   D A D A A A A A Closed xxxxxx 2025-03-18 06:36 2025-03-31 11:23 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-Received Final CD. - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please see the recent refinance for both properties.  Taxes and insurance are escrowed per the final CD. xxxxxx.  - Buyer-03/28/2025
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing verification of PITIA for REO xxxxxx as reelected on the final 1003.  Appears this REO was recently refinanced.  Audit used lenders calculation shown on 1003.  Additional conditions may apply.  - Due Diligence Vendor-03/18/2025
  Resolved-Received Final CD. - Due Diligence Vendor-03/31/2025

Qualifying DTI below maximum allowed - 13.22% DTI is below 50% maximum

LTV is less than guideline maximum - 80% LTV is less than guideline maximum of 85%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
832352   D A D A A A A A Closed xxxxxx 2025-03-18 06:25 2025-03-31 11:22 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received Final CD. - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please see the recent refinance for both properties.  Taxes and insurance are escrowed per the final CD. xxxxxx.  - Buyer-03/28/2025
Open-Missing verification of PITIA for REO xxxxxx as reelected on the final 1003.  Appears this REO was recently refinanced.  Audit used lenders calculation shown on 1003.  Additional conditions may apply.  - Due Diligence Vendor-03/18/2025
  Resolved-Received Final CD. - Due Diligence Vendor-03/31/2025

Qualifying DTI below maximum allowed - 13.22% DTI is below 50% maximum

LTV is less than guideline maximum - 80% LTV is less than guideline maximum of 85%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
832353   D B D B A A A A Closed xxxxxx 2025-03-18 10:55 2025-03-31 11:04 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Received Hazard Insurance Policy - Due Diligence Vendor-03/31/2025

Ready for Review-Document Uploaded. Please see attached. - Buyer-03/28/2025

Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing HOI policy number.  Listed as TBD on HOI Binder.    - Due Diligence Vendor-03/18/2025
  Resolved-Received Hazard Insurance Policy - Due Diligence Vendor-03/31/2025

Months Reserves exceed minimum required - Guidelines require 6 months of reserves.  Qualifying reserves are 66 months.

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 credit score.  Qualifying credit score is 771.

LTV is less than guideline maximum - Guidelines allow LTV to 80%.  Subject loan LTV is 60%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832353   D B D B A A A A Closed xxxxxx 2025-03-18 11:09 2025-03-18 12:29 Waived 2 - Non-Material C B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Housing History Does Not Meet Guideline Requirements Unable to document complete rental history.
Client exception granted and in file. Waiver applied with comp factors. Exception deemed non material due to clients guides also allow this LTV with no rental history. - Due Diligence Vendor-03/18/2025
  Waived-Housing History Does Not Meet Guideline Requirements Unable to document complete rental history.
Client exception granted and in file. Waiver applied with comp factors. Exception deemed non material due to clients guides also allow this LTV with no rental history. - Due Diligence Vendor-03/18/2025

Months Reserves exceed minimum required - Guidelines require 6 months of reserves.  Qualifying reserves are 66 months.

Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 680 credit score.  Qualifying credit score is 771.

LTV is less than guideline maximum - Guidelines allow LTV to 80%.  Subject loan LTV is 60%.
1. LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
2. Reserves exceed requirement by 10 months or more
3. Credit Score 30+ points > minimum required
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
832367   D A D A C A C A Closed xxxxxx 2025-04-17 12:39 2025-04-17 12:40 Resolved 1 - Information C A Compliance TRID Higher-Priced Mortgage Loan and does not meet the HPML Flip Transaction requirement Resolved--Second full appraisal provided. - Due Diligence Vendor-04/17/2025

Open--Missing 2nd full appraisal. - Due Diligence Vendor-04/17/2025
  Resolved--Second full appraisal provided. - Due Diligence Vendor-04/17/2025

LTV is less than guideline maximum - Qualifying LTV 69.97%; max 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 793; minimum required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832367   D A D A C A C A Closed xxxxxx 2025-03-19 10:05 2025-03-26 16:10 Resolved 1 - Information C A Credit Eligibility Purchase Contract Issue Resolved-Updated contract of sale provided. - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded.  - Seller-03/19/2025
Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Provide fully ratified purchase agreement with all addendums fully ratified, as applicable. Seller's Agent has signed as of xxxxxx. EMD was delivered to seller as of xxxxxx. Seller's Addendum adding the seller's credit was signed by the Seller xxxxxx. Seller's ratification of the purchase agreement must on or be before xxxxxx. If ratification is after receipt of the EMD a letter of explanation from all parties is required. Additional findings may apply. - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded.  - Seller-03/19/2025

Resolved-Updated contract of sale provided. - Due Diligence Vendor-03/20/2025

LTV is less than guideline maximum - Qualifying LTV 69.97%; max 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 793; minimum required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832367   D A D A C A C A Closed xxxxxx 2025-03-19 10:10 2025-03-26 16:08 Resolved 1 - Information C A Property Property Flip or Rapid Resale of Property Resolved-Received 2nd Full Appraisal supporting the primary Appraisal Value. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025
Open-Subject is a flip. Per guides flip applies regardless of HPML status. Legal acquisition of property in xxxxxx is based on the recording date. Seller acquired subject property xxxxxx for xxxxxx. Fully ratified contract not provided. However, EMD received for Seller xxxxxx and seller credit added xxxxxx. Both support agreement to enter into the transaction within 90 days of acquisition. Missing full SECOND appraisal to support an appraised value of xxxxxx. The LOWER of the two values to be used towards qualifying. Appraisal must meet all other guideline requirements. Major discrepancies between the appraisals should be addressed by the Appraisers. Additional findings may apply.  - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025

Resolved-Received 2nd Full Appraisal supporting the primary Appraisal Value. - Due Diligence Vendor-03/26/2025

LTV is less than guideline maximum - Qualifying LTV 69.97%; max 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 793; minimum required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832367   D A D A C A C A Closed xxxxxx 2025-03-19 10:29 2025-03-20 12:43 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report Partially Provided Resolved-Document Uploaded. xxxxxx provided with cleared alerts
 - Due Diligence Vendor-03/20/2025
Open-Third Party Fraud Report Partially Provided Missing documentation to clear NMLS, SAM, and OFAC alerts.  - Due Diligence Vendor-03/19/2025
  Resolved-Document Uploaded. xxxxxx provided with cleared alerts
 - Due Diligence Vendor-03/20/2025
LTV is less than guideline maximum - Qualifying LTV 69.97%; max 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 793; minimum required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832367   D A D A C A C A Closed xxxxxx 2025-03-19 09:14 2025-03-20 12:42 Resolved 1 - Information C A Credit Title Vested Owner Signature Requirement Not met Resolved-Seller corporate resolution provided. - Due Diligence Vendor-03/20/2025
Ready for Review-Authorized Signor - Seller-03/19/2025
Open-Vested Owner Signature Requirement Not met.  Document seller's representative is an authorized signor and that the borrower(s) do not have any ownership interest in the owning entity AND that the borrower has NO relationship to any owner. (Vested owner is a Corporation, owners are to be disclosed by the share of common stock.) Additional findings may apply.  - Due Diligence Vendor-03/19/2025
Ready for Review-Authorized Signor - Seller-03/19/2025

Resolved-Seller corporate resolution provided. - Due Diligence Vendor-03/20/2025

LTV is less than guideline maximum - Qualifying LTV 69.97%; max 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 793; minimum required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832367   D A D A C A C A Closed xxxxxx 2025-03-19 10:27 2025-03-20 12:26 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Document Uploaded. Property profile provided confirming ownership since xxxxxx, in the named of an LLC. - Due Diligence Vendor-03/20/2025
Open-Housing History Does Not Meet Guideline Requirements Per Fraud Report borrower acquired their current primary residence on xxxxxx. Per 1003 borrower has owned the residence for 3 years and 7 months. Missing evidence to support ownership. If owned less than 2 years, provide an accurate housing history, a letter of explanation, and additional documentation to support a satisfactory housing history. Additional findings may apply.   - Due Diligence Vendor-03/19/2025
  Resolved-Document Uploaded. Property profile provided confirming ownership since xxxxxx, in the named of an LLC. - Due Diligence Vendor-03/20/2025
LTV is less than guideline maximum - Qualifying LTV 69.97%; max 80%

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 793; minimum required 680
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832377   C A C A A A A A Closed xxxxxx 2025-03-11 12:26 2025-03-13 09:09 Resolved 1 - Information C A Credit Eligibility Prepayment Penalty Discrepancy Resolved-Document Uploaded. Approval received from lender regarding prepay. - Due Diligence Vendor-03/13/2025

Open-There is a discrepancy with tape for Prepayment Penalty Total Term. Tape value: '0'  Diligence value '36'. Note indicates a PPP, tape shows none. - Due Diligence Vendor-03/11/2025
  Resolved-Document Uploaded. Approval received from lender regarding prepay. - Due Diligence Vendor-03/13/2025

LTV is less than guideline maximum - Max LTV 70% / Subject LTV 65.25%

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.004%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
832396   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
832403   D A D A A A A A Closed xxxxxx 2025-03-19 09:47 2025-04-14 12:04 Resolved 1 - Information D A Credit Missing Doc PUD Rider is Missing Resolved-Revised appraisal confirms subject is not in PUD. - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded.  - Buyer-04/02/2025

Open-PUD Rider is Missing - Due Diligence Vendor-03/19/2025
  Resolved-Revised appraisal confirms subject is not in PUD. - Due Diligence Vendor-04/04/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 0.928 Per guides, minimum DSCR 0

Months Reserves exceed minimum required - 6.48 months reserves;  minimum 6 months reserves required
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
832403   D A D A A A A A Closed xxxxxx 2025-03-19 09:47 2025-04-14 12:04 Resolved 1 - Information D A Credit Missing Doc Rider Missing based on Property Type selected Resolved-Revised appraisal received-non pud no hoa. - Due Diligence Vendor-04/04/2025

Ready for Review-Document Uploaded. Please see attached. - Buyer-04/02/2025

Open-Rider Missing from DOT screen based on Property Type selected on Property Page.  - Due Diligence Vendor-03/19/2025
  Resolved-Revised appraisal received-non pud no hoa. - Due Diligence Vendor-04/04/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 0.928 Per guides, minimum DSCR 0

Months Reserves exceed minimum required - 6.48 months reserves;  minimum 6 months reserves required
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
832405   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
832415   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
832420   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated      
832480   C A C A A A A A Closed xxxxxx 2025-03-31 16:14 2025-04-01 07:29 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Mortgage provided with the legal description. - Due Diligence Vendor-04/01/2025
Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description - Due Diligence Vendor-03/31/2025
  Resolved-Mortgage provided with the legal description. - Due Diligence Vendor-04/01/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 722

Months Reserves exceed minimum required - Minimum reserves are 2 months, Borrower has 24.47 months
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832516   B B A A B B A A Closed xxxxxx 2025-03-20 10:19 2025-03-20 10:19 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-03/20/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-03/20/2025

Qualifying FICO score is at least 20 points above minimum for program - Required FICO 660, subject 780.

Months Reserves exceed minimum required - 13 mths reserves; 4 mths required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
832518   D B D B A A A A Closed xxxxxx 2025-03-27 09:55 2025-03-28 12:48 Resolved 1 - Information C A Credit Income/Employment Income 2 Income Trend is Decreasing Resolved-The lender's guides and xxxxxx guides do not require and LOX for decreased commission.  The income was averaged of 26 months. - Due Diligence Vendor-03/28/2025
Open-Income 2 Income Trend is Decreasing Commission Income Trend is Decreasing by more than 30% according to the YTD figure, missing acceptable LOE. - Due Diligence Vendor-03/27/2025
  Resolved-The lender's guides and xxxxxx guides do not require and LOX for decreased commission.  The income was averaged of 26 months. - Due Diligence Vendor-03/28/2025
LTV is less than guideline maximum - Qualifying LTV 72.86 is lower than the guideline max of 80.

Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 38 months.

Qualifying DTI below maximum allowed - Qualifying DTI 43.54 is lower than the guideline max of 50.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
832518   D B D B A A A A Closed xxxxxx 2025-03-27 12:20 2025-03-28 12:36 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved-Upon further review asset meet guideline. No additional documentation required. - Due Diligence Vendor-04/16/2025
Open-Asset Record 1 Does Not Meet G/L Requirements Missing page 2 for xxxxxx ending 1672 statement. - Due Diligence Vendor-03/27/2025
  Resolved-Upon further review asset meet guideline. No additional documentation required. - Due Diligence Vendor-04/16/2025

LTV is less than guideline maximum - Qualifying LTV 72.86 is lower than the guideline max of 80.

Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 38 months.

Qualifying DTI below maximum allowed - Qualifying DTI 43.54 is lower than the guideline max of 50.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
832518   D B D B A A A A Closed xxxxxx 2025-03-27 10:12 2025-03-28 12:34 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Per overlays, gap credit not required. - Due Diligence Vendor-03/28/2025
Open-Borrower 1 Gap Credit Report is Missing Per Verus approval letter, seller must verify all debt obligations at the time of underwriting and ensure no significant changes before closing. Credit report is dated xxxxxx days from closing. - Due Diligence Vendor-03/27/2025
  Resolved-Per overlays, gap credit not required. - Due Diligence Vendor-03/28/2025

LTV is less than guideline maximum - Qualifying LTV 72.86 is lower than the guideline max of 80.

Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 38 months.

Qualifying DTI below maximum allowed - Qualifying DTI 43.54 is lower than the guideline max of 50.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
832518   D B D B A A A A Closed xxxxxx 2025-03-27 10:27 2025-03-27 12:28 Waived 2 - Non-Material B B Credit Missing Doc Approval/Underwriting Summary Not Provided Waived-Client waiver applied. Deemed non material due to comp factors and file contains all relevant information to perform an underwrite. - Due Diligence Vendor-03/27/2025
Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-03/27/2025
  Waived-Client waiver applied. Deemed non material due to comp factors and file contains all relevant information to perform an underwrite. - Due Diligence Vendor-03/27/2025

LTV is less than guideline maximum - Qualifying LTV 72.86 is lower than the guideline max of 80.

Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 38 months.

Qualifying DTI below maximum allowed - Qualifying DTI 43.54 is lower than the guideline max of 50.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
832529   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
832642   C B C B A A A A Closed xxxxxx 2025-03-12 11:50 2025-03-12 11:52 Waived 2 - Non-Material C B Credit Eligibility Original CLTV does not meet eligibility requirement(s) Waived-Client exception granted and in file, waiver applied with comp factors. (Non Mat-Approved exception with comp factors)  - Due Diligence Vendor-03/12/2025

Open-Lender Exception: Request for 75% LTV   Max LTV is 70% for loan amount <$150,000 purchase - Due Diligence Vendor-03/12/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. (Non Mat-Approved exception with comp factors)  - Due Diligence Vendor-03/12/2025

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 771; guidelines require 640.

DSCR % greater than 1.20 - DSCR is 1.732.
Rsrvs
FICO
Mortgage history
DSCR >1.5
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
832653   C B C B B B A A Closed xxxxxx 2025-03-24 12:01 2025-03-25 09:47 Waived 2 - Non-Material C B Credit Eligibility Condo does not meet requirements Waived-Investor concentration-  Investor concentration exceeds guideline. Single Entity exceeds 10%.-  Investor waiver applied to non-material finding with compensating factors- Condition waived. - Due Diligence Vendor-03/24/2025   Waived-Investor concentration-  Investor concentration exceeds guideline. Single Entity exceeds 10%.-  Investor waiver applied to non-material finding with compensating factors- Condition waived. - Due Diligence Vendor-03/24/2025

Months Reserves exceed minimum required - Guide 6 months. Borrower with 17 months.

Credit history exceeds minimum required - Guide min FICO 680. Borrower with 790 FICO
0x30x42 on subject mortgage,
employed at same job for over 9 years
credit score is greater than 10 point over the min allowed
LTV/CLTV 5% or more below the max allowed of 85%
QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
832653   C B C B B B A A Closed xxxxxx 2025-03-20 15:02 2025-03-20 15:40 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-03/20/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-03/20/2025

Months Reserves exceed minimum required - Guide 6 months. Borrower with 17 months.

Credit history exceeds minimum required - Guide min FICO 680. Borrower with 790 FICO
  QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
832670   C B C B A A A A Closed xxxxxx 2025-04-07 11:57 2025-04-07 13:56 Waived 2 - Non-Material C B Credit Eligibility Audited DTI Exceeds Guideline DTI Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-04/07/2025
Open-Audited DTI of 49.98% exceeds Guideline DTI of 45% Exception in file to allow 49.2% DTI > 45% DTI when FTHB - Due Diligence Vendor-04/07/2025
  Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-04/07/2025

Verified employment history exceeds guidelines - Borrower employment history greater than 2 years required.

Months Reserves exceed minimum required - Minimum reserves are 12 months, Borrowers have 26.15 months
Reserves exceeded requirement by 2 months or more - 18mo (6mo)
DTI <40%-37% when additional personal acct is used(45)
Residual income more than 1.5x the amount required by guidelines $15,818 ($5,000)
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
832734   D A D A A A A A Closed xxxxxx 2025-03-25 08:13 2025-03-25 14:56 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Credit report dated within 30 days of closing - Due Diligence Vendor-03/25/2025

Open-Borrower 1 Gap Credit Report is Missing Gap Credit Report is missing. - Due Diligence Vendor-03/25/2025
  Resolved-Credit report dated within 30 days of closing - Due Diligence Vendor-03/25/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 720; qualifying FICO is 808.

Qualifying DTI below maximum allowed - Max DTI is 50%; qualifying DTI is 35.53%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832734   D A D A A A A A Closed xxxxxx 2025-03-25 08:13 2025-03-25 14:56 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-VOR provided. - Due Diligence Vendor-03/25/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Per guides, documentation of 12-months rental history is required if borrower is renting current primary residence. Final 1003 reflects borrower renting current residence for more than 10 years, but no VOR in file. - Due Diligence Vendor-03/25/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025

Resolved-VOR provided. - Due Diligence Vendor-03/25/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 720; qualifying FICO is 808.

Qualifying DTI below maximum allowed - Max DTI is 50%; qualifying DTI is 35.53%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832734   D A D A A A A A Closed xxxxxx 2025-03-25 12:55 2025-03-25 14:56 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-VOR provided. - Due Diligence Vendor-03/25/2025

Open-Housing History Does Not Meet Guideline Requirements Missing Verification of Rent - Due Diligence Vendor-03/25/2025
  Resolved-VOR provided. - Due Diligence Vendor-03/25/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 720; qualifying FICO is 808.

Qualifying DTI below maximum allowed - Max DTI is 50%; qualifying DTI is 35.53%.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832744   A A A A A A A A             A A                 QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA      
832755   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
832803   D A D A A A A A Closed xxxxxx 2025-03-25 10:42 2025-03-27 11:12 Resolved 1 - Information D A Credit Missing Doc Borrower 1 3rd Party VOE Prior to Close Missing Resolved-Received VVOE - Due Diligence Vendor-03/27/2025

Ready for Review-Document Uploaded. Please see attached. - Buyer-03/26/2025

Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing final VOE - Due Diligence Vendor-03/25/2025
  Resolved-Received VVOE - Due Diligence Vendor-03/27/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - The residual income of $6,581 is more than 1.5 times $3,500.

Months Reserves exceed minimum required - 4 months reserves required, 4.67 months reserves verified. 
  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
832803   D A D A A A A A Closed xxxxxx 2025-03-25 10:42 2025-03-27 11:12 Resolved 1 - Information D A Credit Missing Doc Borrower 1 WVOE Missing Resolved-Received Bank Statement ending 2/21 as evidence of continuing 1099 income. - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-03/26/2025
Open-Borrower 1 WVOE Missing Missing evidence of YTD income to support the continued receipt - Due Diligence Vendor-03/25/2025
  Resolved-Received Bank Statement ending 2/21 as evidence of continuing 1099 income. - Due Diligence Vendor-03/27/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - The residual income of $6,581 is more than 1.5 times $3,500.

Months Reserves exceed minimum required - 4 months reserves required, 4.67 months reserves verified. 
  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
832811   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated      
832815   C B C A B B A A Closed xxxxxx 2025-03-12 13:28 2025-03-13 14:38 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-Received Commitment w/sufficient coverage. - Due Diligence Vendor-03/13/2025
Ready for Review-Document Uploaded. please see updated prelim with correct amount - Seller-03/12/2025
Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Title commitment provided has proposed amount of insurance less than the final loan amount. - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. please see updated prelim with correct amount - Seller-03/12/2025

Resolved-Received Commitment w/sufficient coverage. - Due Diligence Vendor-03/13/2025

Qualifying DTI below maximum allowed - Qualifying DTI 11.18% is below the guideline max of 49.99%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 753 is more than 20 points higher than the guideline min of 680.

LTV is less than guideline maximum - Qualifying LTV 75% is lower than the guideline max of 85%.

Months Reserves exceed minimum required - Guides require 4 months reserves and the borrower has 26 months. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
832815   C B C A B B A A Closed xxxxxx 2025-03-07 16:05 2025-03-07 16:05 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings.
 - Due Diligence Vendor-03/07/2025
  Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings.
 - Due Diligence Vendor-03/07/2025

Qualifying DTI below maximum allowed - Qualifying DTI 11.18% is below the guideline max of 49.99%.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 753 is more than 20 points higher than the guideline min of 680.

LTV is less than guideline maximum - Qualifying LTV 75% is lower than the guideline max of 85%.

Months Reserves exceed minimum required - Guides require 4 months reserves and the borrower has 26 months. 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated Originator Post-Close No xxxxxx
832821   B B A A B B A A Closed xxxxxx 2025-03-10 12:36 2025-03-14 09:04 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived------ Originator waiver applied to non-material finding.  Title Fees in Section B are the vendors listed on the SPL which are not affiliates. - Due Diligence Vendor-03/14/2025   Waived------ Originator waiver applied to non-material finding.  Title Fees in Section B are the vendors listed on the SPL which are not affiliates. - Due Diligence Vendor-03/14/2025
Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Resid Inc Avail (+15k)
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 792
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
832824   C A C A A A A A Closed xxxxxx 2025-03-12 15:51 2025-03-14 14:07 Resolved 1 - Information C A Credit Closing Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) Resolved-Received Gap Report. - Due Diligence Vendor-03/14/2025

Ready for Review-Document Uploaded. Please See Soft Pull - Seller-03/12/2025

Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. Please See Soft Pull - Seller-03/12/2025

Resolved-Received Gap Report. - Due Diligence Vendor-03/14/2025

Months Reserves exceed minimum required - Guides do not require any reserves and the borrower has more than 3 months.

Qualifying DTI below maximum allowed - Qualifying DTI 40.92 is lower than the guideline max of 49.99.

LTV is less than guideline maximum - Qualifying LTV 75 is lower than the guideline max of 80.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 729 is more than 20 points higher than the guideline min 660.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832834   D A D A A A A A Closed xxxxxx 2025-03-19 11:56 2025-03-26 11:59 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received HOI - Due Diligence Vendor-03/26/2025
Open-Missing proof of HOI for REO xxxxxx of the 1003 - Due Diligence Vendor-03/19/2025
  Resolved-Received HOI - Due Diligence Vendor-03/26/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 747 is higher than 680 required minimum FICO

LTV is less than guideline maximum - 55.88% DTI lower than 80% LTV minimum 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832847   C A A A C A A A Closed xxxxxx 2025-03-19 14:39 2025-03-26 12:54 Resolved 1 - Information C A Compliance TRID TRID: Initial Loan Estimate not provided within 3 days of application Resolved-Received proof application date is xxxxxx. LE provided within three days. - Due Diligence Vendor-03/26/2025
Counter-Per application in file, application date is xxxxxx.  Provide evidence loan estimate delivered within 3 days of application date or evidence of application date of xxxxxx. - Due Diligence Vendor-03/26/2025
Ready for Review-FYI application date was xxxxxx just want to make sure we are on the same page. - Seller-03/25/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025
Open-Missing initial LE in file 3 days from the application date of xxxxxx. - Due Diligence Vendor-03/19/2025
Ready for Review-FYI application date was xxxxxx just want to make sure we are on the same page. - Seller-03/25/2025
 Ready for Review-Document Uploaded.  - Seller-03/25/2025
Resolved-Received proof application date is xxxxxx. LE provided within three days. - Due Diligence Vendor-03/26/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO = 796     Min FICO = 660

Months Reserves exceed minimum required - Reserves = 44 months – Required Reserves = 6 Months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832847   C A A A C A A A Closed xxxxxx 2025-03-19 13:25 2025-03-26 12:53 Resolved 1 - Information C A Compliance ComplianceEase Written List of Service Providers Disclosure Date Test Resolved-Received proof application date is xxxxxx. - Due Diligence Vendor-03/26/2025
Counter-Per application in file, application date is xxxxxx.  Provide evidence Written List of Service Providers delivered within 3 days of application date.or evidence of application date of xxxxxx - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025
Open-This loan failed the written list of service providers disclosure date test for one or more of the following reasons: ( 12 CFR §1026.19(e)(1)(vi) )The written list of service providers disclosure date is either:Less than the seventh business day (counting all calendar days except Sunday and specified legal public holidays) before consummation of the transaction; orLater than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions)This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.19(e)(1)(e)(1)(iii) §1026.2(a)(6) and as it relates to §1026.19(a)(1)(vi) (which references the timing requirements for the loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneAs not being open on PLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.If the consumer is permitted to shop for a settlement service, the creditor shall provide the consumer with a written list identifying available providers of that settlement service and stating that the consumer may choose a different provider for that service. The creditor must identify at least one available provider for each settlement service for which the consumer is permitted to shop. The creditor shall provide this written list of settlement service providers separately from the disclosures required by §1026.19(e)(1)(e)(1)(i) but in accordance with the timing requirements in §1026.19(e)(1)(e)(1)(iii). ----- Missing Initial LE - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025

Resolved-Received proof application date is xxxxxx. - Due Diligence Vendor-03/26/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO = 796     Min FICO = 660

Months Reserves exceed minimum required - Reserves = 44 months – Required Reserves = 6 Months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832847   C A A A C A A A Closed xxxxxx 2025-03-19 13:25 2025-03-26 12:53 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Received proof application date is xxxxxx, no tolerance violations found. - Due Diligence Vendor-03/26/2025
Counter------Provide evidence of application date of xxxxxx, additional findings may apply upon receipt. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025
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 $23,845.50.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). -----Zero (0%) tolerance fees increased by $23,845.50 (All Fees) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $23,845.50, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 year- Expiration date is xxxxxx.  Missing initial LE, this may go away after receipt.
 - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025

Resolved-Received proof application date is xxxxxx, no tolerance violations found. - Due Diligence Vendor-03/26/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO = 796     Min FICO = 660

Months Reserves exceed minimum required - Reserves = 44 months – Required Reserves = 6 Months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832847   C A A A C A A A Closed xxxxxx 2025-03-19 13:25 2025-03-26 12:53 Resolved 1 - Information C A Compliance TRID Charges That In Total Cannot Increase More Than 10% Test Resolved-Received proof application date is xxxxxx, no tolerance violations found. - Due Diligence Vendor-03/26/2025
Counter------Provide evidence of application date of xxxxxx, additional findings may apply upon receipt. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($5,542.50) exceed the comparable charges ($0.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). Ten (10%) tolerance fees (All Fees) increased by $5,542.50 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $5,542.50, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 year- Expiration date is xxxxxx.  Missing initial LE, this may go away after receipt.
 - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025

Resolved-Received proof application date is xxxxxx, no tolerance violations found. - Due Diligence Vendor-03/26/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO = 796     Min FICO = 660

Months Reserves exceed minimum required - Reserves = 44 months – Required Reserves = 6 Months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832847   C A A A C A A A Closed xxxxxx 2025-03-19 13:25 2025-03-26 12:52 Resolved 1 - Information C A Compliance Disclosure RESPA Homeownership Counseling Organizations Disclosure Date Test Resolved-Received proof application date is xxxxxx. - Due Diligence Vendor-03/26/2025
Counter-Per application in file, application date is xxxxxx.  Provide evidence homeownership counseling organizations list delivered within 3 days of application date or evidence of application date of xxxxxx. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025
Open------ Provide proof within 3 days of application
 - Due Diligence Vendor-03/19/2025
Open-This loan failed the homeownership counseling organizations disclosure date test due to the following findings: ( 12 CFR §1024.20(a) )The loan has a homeownership counseling organizations disclosure date that is not within three business days of the loan originator's application date (or the date creditor received application if loan originator's application date is not provided); orThe homeownership counseling organizations disclosure date is after the closing date.Not later than three business days after a lender, mortgage broker, or dealer receives an application, or information sufficient to complete an application, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. The list of homeownership counseling organizations distributed to each loan applicant under this section shall be obtained no earlier than 30 days prior to the time when the list is provided to the loan applicant from either:(1)The website maintained by the Bureau for lenders to use in complying with the requirements of this section; or(2)Data made available by the Bureau or HUD for lenders to use in complying with the requirements of this section, provided that the data is used in accordance with instructions provided with the data.This calculation take into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1024.2(b) and as it relates to §1024.20 (list of homeownership counseling organizations provided not later than 3 business days after a loan originator receives an application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NonePlease note: This test does not validate the content of any list of homeownership counseling organizations. - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded.  - Seller-03/25/2025

Resolved-Received proof application date is xxxxxx. - Due Diligence Vendor-03/26/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO = 796     Min FICO = 660

Months Reserves exceed minimum required - Reserves = 44 months – Required Reserves = 6 Months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832847   C A A A C A A A Closed xxxxxx 2025-03-19 12:52 2025-03-26 12:52 Resolved 1 - Information B A Compliance Disclosure Home Loan Toolkit Not Provided Within 3 Days of Application Date Resolved-Received proof application date is xxxxxx. - Due Diligence Vendor-03/26/2025
Counter-Per application in file, application date is xxxxxx.  Provide evidence Home Loan Toolkit delivered within 3 days of application date or evidence of application date of xxxxxx. - Due Diligence Vendor-03/26/2025
Ready for Review-Please waive - Seller-03/25/2025
Open-The Home Loan Toolkit was not provided within 3 days of the Application Date (Number of Days Difference is '28'). ----- Provide proof within 3 days of application
 - Due Diligence Vendor-03/19/2025
Ready for Review-Please waive - Seller-03/25/2025

Resolved-Received proof application date is xxxxxx. - Due Diligence Vendor-03/26/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO = 796     Min FICO = 660

Months Reserves exceed minimum required - Reserves = 44 months – Required Reserves = 6 Months
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832876   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
832927   C B C B A A A A Closed xxxxxx 2025-03-13 10:55 2025-03-14 10:30 Resolved 1 - Information C A Credit Eligibility Foreign National but ACH form is not in file Resolved-ACH form provided includes banking information. - Due Diligence Vendor-03/14/2025
Open-Foreign National but the ACH form is Missing from file.  ACH form was fully executed; however, missing the required voided cancelled check and or deposit slip. - Due Diligence Vendor-03/13/2025
  Resolved-ACH form provided includes banking information. - Due Diligence Vendor-03/14/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.193

Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 72.74m.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
832927   C B C B A A A A Closed xxxxxx 2025-03-13 12:44 2025-03-14 09:56 Waived 2 - Non-Material C B Credit Eligibility Condo does not meet requirements Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as subject is not included in the required repair items, approved exception in file w/comp factors - Due Diligence Vendor-03/13/2025
Open-Exception to allow outstanding xxxxxx.  items needing completion (subject not included in required items)
 - Due Diligence Vendor-03/13/2025
  Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as subject is not included in the required repair items, approved exception in file w/comp factors - Due Diligence Vendor-03/13/2025

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR is 1.193

Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 72.74m.
6+ mos > guidelines for reserves
50 yrs at present address
Locked with escrows
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
832928   D B D B A A A A Closed xxxxxx 2025-03-13 15:26 2025-03-19 11:02 Waived 2 - Non-Material C B Credit Eligibility Discrepancy between Condo Questionnaire and Appraisal Waived-Client provided a waiver for discrepancy of units reflecting on appraisal, applied to non material finding with comp factors
 - Due Diligence Vendor-03/19/2025
Open-The appraisal indicates the number of investment units is xxxxxx; the condo questionnaire indicates the number of investment units is xxxxxx. - Due Diligence Vendor-03/17/2025
  Waived-Client provided a waiver for discrepancy of units reflecting on appraisal, applied to non material finding with comp factors
 - Due Diligence Vendor-03/19/2025
Months Reserves exceed minimum required - 55 months reserves exceed 2 month minimum required

Qualifying FICO score is at least 20 points above minimum for program - 743 FICO is 20+ points above 660 minimum
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
832928   D B D B A A A A Closed xxxxxx 2025-03-13 15:16 2025-03-18 09:45 Waived 2 - Non-Material D B Credit Missing Doc - Credit Business Purpose Affidavit/Disclosure Missing Waived-Client provided a waiver for Business Purpose and Cash Out purpose applied to non material finding with comp factors
 - Due Diligence Vendor-03/18/2025
Open-The Business Purpose Affidavit Disclosure is Missing
Missing cash out letter - Due Diligence Vendor-03/13/2025
  Waived-Client provided a waiver for Business Purpose and Cash Out purpose applied to non material finding with comp factors
 - Due Diligence Vendor-03/18/2025
Months Reserves exceed minimum required - 55 months reserves exceed 2 month minimum required

Qualifying FICO score is at least 20 points above minimum for program - 743 FICO is 20+ points above 660 minimum
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
832928   D B D B A A A A Closed xxxxxx 2025-03-13 15:56 2025-03-14 15:26 Waived 2 - Non-Material C B Credit Eligibility Calculated DSCR does not meet the Minimum DSCR allowed Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as lender has allowed - Due Diligence Vendor-03/14/2025
Open-The Calculated DSCR of '1.075' is less than the minimum DSCR per lender guidelines of '1.25'. EXCEPTION to allow DSCR below 1.25 when loan amount is less than $150,000 (DSCR is 1.23) - Due Diligence Vendor-03/14/2025
  Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as lender has allowed - Due Diligence Vendor-03/14/2025

Months Reserves exceed minimum required - 55 months reserves exceed 2 month minimum required

Qualifying FICO score is at least 20 points above minimum for program - 743 FICO is 20+ points above 660 minimum
50+ mos rsrvs
743 FICO
2+ yrs @ current residence
0x30x28 mortgage history on primary
Locked w/prepay
Locked w/escrows
Experienced investor
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
832950   C A C A A A A A Closed xxxxxx 2025-03-25 12:37 2025-04-01 11:11 Resolved 1 - Information C A Credit Eligibility Condo does not meet requirements Resolved-Received Structural Engineer report. - Due Diligence Vendor-04/01/2025
Open-The file does not contain the required structural engineer report per FL law. No structural engineer report was identified in the file. - Due Diligence Vendor-03/25/2025
  Resolved-Received Structural Engineer report. - Due Diligence Vendor-04/01/2025

Months Reserves exceed minimum required - Required reserves 3 months, subject 11.41 months.

Qualifying FICO score is at least 20 points above minimum for program - Required Fico 680, subject 796 
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832970   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
832980   B B A A B B A A Closed xxxxxx 2025-03-26 14:41 2025-04-08 14:42 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-03/26/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-03/26/2025

LTV is less than guideline maximum - Qualifying LTV 33.597 is lower than the guideline max of 90.

Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 215 months.

Qualifying DTI below maximum allowed - Qualifying DTI 21.63 is lower than the guideline max of 50.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 794 is more than 20 points higher than the guideline min 660.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
832996   C A C A A A A A Closed xxxxxx 2025-03-31 09:45 2025-04-02 08:14 Resolved 1 - Information C A Credit Eligibility Ineligible Property Resolved-Condo is warrantable.  Although the builder/developer is in control of the HOA, this is a new xxxxxx built in xxxxxx and the builder is due to relinquish control in the summer of 2025. While xxxxxx units are sold none are occupied as of the appraisal and xxxxxx are complete with xxxxxx owned by the developer. No evidence of litigation.  The loan meets all of the new project guidelines. - Due Diligence Vendor-04/02/2025
Open-Project is non-warrantable.  - Due Diligence Vendor-03/31/2025
  Resolved-Condo is warrantable.  Although the builder/developer is in control of the HOA, this is a new xxxxxx built in xxxxxx and the builder is due to relinquish control in the summer of xxxxxx. While xxxxxx units are sold none are occupied as of the appraisal and xxxxxx are complete with xxxxxx owned by the developer. No evidence of litigation.  The loan meets all of the new project guidelines. - Due Diligence Vendor-04/02/2025
Qualifying FICO score is at least 20 points above minimum for program - 660 FICO required, 721 FICO subject

Months Reserves exceed minimum required - 12 months reserves required, subject reserves 16.86 months.  
  QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
832996   C A C A A A A A Closed xxxxxx 2025-03-29 09:08 2025-04-02 08:14 Resolved 1 - Information C A Credit Eligibility Builder in Control of the HOA Resolved-Condo is warrantable.  Although the builder/developer is in control of the HOA, this is a new xxxxxx built in xxxxxx and the builder is due to relinquish control in the summer of xxxxxx. . While xxxxxx units are sold none are occupied as of the appraisal and xxxxxx are complete with xxxxxx owned by the developer. No evidence of litigation.  The loan meets all of the new project guidelines. - Due Diligence Vendor-04/02/2025
Open-Builder is in control of HOA Condo is not warrantable because the builder/developer is in control of the HOA. They are due to relinquish control summer of 2025. While xxxxxx units are sold none are occupied as of the appraisal and xxxxxx are complete with xxxxxx owned by the developer. No evidence of litigation. Per the applicable guidelines 4.19.2 Non-Warrantable condo's are ineligible properties.  - Due Diligence Vendor-03/29/2025
  Resolved-Condo is warrantable.  Although the builder/developer is in control of the HOA, this is a new xxxxxx built in xxxxxx and the builder is due to relinquish control in the summer of xxxxxx. While xxxxxx units are sold none are occupied as of the appraisal and xxxxxx are complete with xxxxxx owned by the developer. No evidence of litigation.  The loan meets all of the new project guidelines. - Due Diligence Vendor-04/02/2025
Qualifying FICO score is at least 20 points above minimum for program - 660 FICO required, 721 FICO subject

Months Reserves exceed minimum required - 12 months reserves required, subject reserves 16.86 months.  
  QM: Safe Harbor Verified (V SH) QM: Safe Harbor Verified (V SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833006   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833011   D A D A A A A A Closed xxxxxx 2025-03-17 10:31 2025-04-16 10:10 Resolved 1 - Information D A Credit Missing Doc Missing rent comparable schedule form 1007 Resolved-Using xxxxxx to qualify short term Rental income. No 1007 is needed.  - Due Diligence Vendor-03/18/2025
Open--Rent comparable schedule form 1007 missing.  - Due Diligence Vendor-03/17/2025
  Resolved-Using xxxxxx to qualify short term Rental income. No 1007 is needed.  - Due Diligence Vendor-03/18/2025
Long term residence - 3 years

Months Reserves exceed minimum required - 27 months reserves; 2 months reserves required.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
833056   D A A A D A A A Closed xxxxxx 2025-03-28 09:01 2025-04-03 08:40 Resolved 1 - Information D A Compliance Missing Doc Missing Required Affiliated Business Disclosure Resolved-Rec'd Lender Attestation letter, xxxxxx does not have any affiliates.  Finding Resolved. - Due Diligence Vendor-04/03/2025
Open-Required Affiliated Business Disclosure Missing Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt.
 - Due Diligence Vendor-03/28/2025
  Resolved-Rec'd Lender Attestation letter, xxxxxx.  Funding does not have any affiliates.  Finding Resolved. - Due Diligence Vendor-04/03/2025
LTV is less than guideline maximum - Max LTV 80% / Subject LTV 54.33%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 798
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833071   C B C B A A A A Closed xxxxxx 2025-04-17 13:38 2025-04-17 13:39 Waived 2 - Non-Material C B Credit Eligibility Short Term Rental Income does not meet guidelines Waived--Client exception granted with compensating factors for use of xxxxxx with market score below minimum. - Due Diligence Vendor-04/17/2025
Open-Lender exception granted for Use xxxxxx report that does not meet Market Score Guidelines (Market Score 22). - Due Diligence Vendor-04/17/2025
  Waived--Client exception granted with compensating factors for use of xxxxxx with market score below minimum. - Due Diligence Vendor-04/17/2025
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 640, Qualifying score is 806

Months Reserves exceed minimum required - Minimum reserves are 2 months, Borrower has 40.86 months
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
833071   C B C B A A A A Closed xxxxxx 2025-04-17 13:11 2025-04-17 13:11 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Client exception granted and in file, waiver applied with comp factors. Deferred maintenance items are not structural and do not create a health or safety concern. - Due Diligence Vendor-04/17/2025
Open-Lender Exception: Proceed with xxxxxx purchase despite significant deferred maintenance. - Due Diligence Vendor-04/17/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Deferred maintenance items are not structural and do not create a health or safety concern. - Due Diligence Vendor-04/17/2025
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 640, Qualifying score is 806

Months Reserves exceed minimum required - Minimum reserves are 2 months, Borrower has 40.86 months
Minimum FICO is 640, Qualifying score is 806
Minimum reserves are 2 months, Borrower has 40.86 months
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
833073   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833115   B B A A B B A A Closed xxxxxx 2025-03-31 12:34 2025-03-31 13:29 Waived 2 - Non-Material B B Compliance Missing Doc Home Loan Toolkit is Missing Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-03/31/2025   Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-03/31/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO 780 is higher than 660 minimum required

Months Reserves exceed minimum required - 31 mths reserves; 6 mths required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA Investor Post-Close No xxxxxx
833126   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833157   C A C A A A A A Closed xxxxxx 2025-03-19 13:02 2025-03-27 11:30 Resolved 1 - Information C A Credit Assets Total Qualified Assets Post-Close is Less than $0 Resolved-Received PCCD. - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. Please see attached. Please also note that the EOI premium was paid outside of closing, xxxxxx. - Buyer-03/26/2025
Open-Total Qualified Assets Post-Close amount is '$-4333.03'.  Assets are Insufficient. The final closing disclosure showed the borrower needed to bring $313,049.82 cash to close. The amount of the gift was $308,827.22. This was the amount on the earlier closing statement. No reserves were verified so there ar no additional funds to draw from. The transaction is short funds to close.  - Due Diligence Vendor-03/19/2025
  Resolved-Received PCCD. - Due Diligence Vendor-03/27/2025

Qualifying FICO score is at least 20 points above minimum for program - Required Fico 660, subject Fico 782

LTV is less than guideline maximum - Maximum LTV 80%, subject LTV 60%. 
  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
833171   D B D A B B A A Closed xxxxxx 2025-03-17 12:37 2025-03-18 16:56 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Resolved-Received Lender worksheet. - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded. xxxxxx please see Lender Worksheet - Seller-03/17/2025
Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. xxxxxx please see Lender Worksheet - Seller-03/17/2025
Resolved-Received Lender worksheet. - Due Diligence Vendor-03/18/2025

On time mortgage history exceeds guideline requirement - Borrowers have 0x30 x91 months mortgage history, 1x30 x12 months was allowed.

Qualifying FICO score is at least 20 points above minimum for program - 745 qualifying FICO score, 680 minimum score required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833171   D B D A B B A A Closed xxxxxx 2025-03-13 17:04 2025-03-13 17:04 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-03/13/2025   Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings - Due Diligence Vendor-03/13/2025

On time mortgage history exceeds guideline requirement - Borrowers have 0x30 x91 months mortgage history, 1x30 x12 months was allowed.

Qualifying FICO score is at least 20 points above minimum for program - 745 qualifying FICO score, 680 minimum score required.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
833172   C A C A A A A A Closed xxxxxx 2025-03-13 13:23 2025-03-17 14:55 Resolved 1 - Information C A Credit Eligibility Tradelines do not meet Guideline Requirements Resolved-Upon further review, the late payment exceeds 12 months. - Due Diligence Vendor-03/17/2025
Ready for Review-Document Uploaded. The application date was xxxxxx, which is 12 months after the last delinquency date, xxxxxx. Please waive this condition.  - Seller-03/13/2025
Open-The Tradelines for the borrower(s) do not meet the guideline requirements. Required housing payment history: Mortgage / Rental Lates – 0x30 during the past 12 months. _ credit list 1x30 last 12 months mortgage history  - Due Diligence Vendor-03/13/2025
Ready for Review-Document Uploaded. The application date was xxxxxx, which is 12 months after the last delinquency date, xxxxxx. Please waive this condition.  - Seller-03/13/2025
Resolved-Upon further review, the late payment exceeds 12 months. - Due Diligence Vendor-03/17/2025

Months Reserves exceed minimum required - Reserves 11.67 months higher than 0 months

Qualifying DTI below maximum allowed - DTI 38.94% is lower than max allowed 49.99% 
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
833177   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833193   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833205   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833206   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
833208   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833250   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
833283   D A A A D A A A Closed xxxxxx 2025-03-24 08:33 2025-04-03 08:43 Resolved 1 - Information D A Compliance Missing Doc Missing Required Affiliated Business Disclosure Resolved-Rec'd correspondence from xxxxxx does not maintain any business relationship or affiliation with settlement service providers.  Finding Resolved. - Due Diligence Vendor-04/03/2025
Open-Required Affiliated Business Disclosure Missing Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt.
 - Due Diligence Vendor-03/24/2025
  Resolved-Rec'd correspondence from xxxxxx does not maintain any business relationship or affiliation with settlement service providers.  Finding Resolved. - Due Diligence Vendor-04/03/2025
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 703
Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Resid Inc Avail (+23k)
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833303   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      
833305   C B C B A A A A Closed xxxxxx 2025-03-04 09:17 2025-03-04 09:19 Waived 2 - Non-Material C B Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/04/2025

Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Lender Exception: "Requires cancelled check with VOM" - Due Diligence Vendor-03/04/2025
  Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/04/2025

Months Reserves exceed minimum required - 3 month reserves required, borrower has 5.94 documented

Qualifying DTI below maximum allowed - Max DTI is 50, borrower has a 41.3% DTI
5+ years employment history
DTI 5% below max
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Post-Close Yes xxxxxx
833305   C B C B A A A A Closed xxxxxx 2025-03-04 07:37 2025-03-04 09:19 Waived 2 - Non-Material C B Credit Eligibility Subject property was listed for sale within a time period not allowed by guidelines Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/04/2025

Open-Subject property was listed for sale within a time period not allowed per guidelines EXCEPTION REQUEST: Waive 5% LTV drop due to home being listed in past 6 months - Due Diligence Vendor-03/04/2025
  Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/04/2025

Months Reserves exceed minimum required - 3 month reserves required, borrower has 5.94 documented

Qualifying DTI below maximum allowed - Max DTI is 50, borrower has a 41.3% DTI
Reserves 11 months vs 2 months requirement
5+ yrs verified employment history exceed guidelines
DTI 5% below maximum allowed
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Originator Post-Close Yes xxxxxx
833315   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      
833317   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833319   C B C B C A A A Closed xxxxxx 2025-04-17 12:52 2025-04-17 12:53 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non material. - Due Diligence Vendor-04/17/2025
Open-Transfer Letter is 62 days old-guide max is 60 days - Due Diligence Vendor-04/17/2025
  Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non material. - Due Diligence Vendor-04/17/2025

Months Reserves exceed minimum required - 0 min reserve required, borrower has 32.81

Qualifying DTI below maximum allowed - Max DTI is 50%, borrowers DTI is 16.87%
5+ yrs credit history
DTI is 40 points below max
20 yrs S/E
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
833319   C B C B C A A A Closed xxxxxx 2025-03-10 12:00 2025-03-12 11:28 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved------Zero (0%) tolerance fees increased by $50 appraisal fee without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $50, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.  Finding resolved as there is a lender credit of $50.00 on the final CD.
 - Due Diligence Vendor-03/12/2025
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 $50.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $50 appraisal fee without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $50, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.  Finding resolved as there is a lender credit of $50.00 on the final CD.
 - Due Diligence Vendor-03/10/2025
  Resolved------Zero (0%) tolerance fees increased by $50 appraisal fee without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $50, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.  Finding resolved as there is a lender credit of $50.00 on the final CD.
 - Due Diligence Vendor-03/12/2025
Months Reserves exceed minimum required - 0 min reserve required, borrower has 32.81

Qualifying DTI below maximum allowed - Max DTI is 50%, borrowers DTI is 16.87%
  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
833320   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833324   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833328   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833331   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833333   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
833334   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833335   D B D B A A A A Closed xxxxxx 2025-03-06 08:04 2025-03-27 17:02 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-Originator provided a waiver allowing 5 months reserves rather than 6 months required  applied to non material finding with comp factors  - Due Diligence Vendor-03/27/2025
Ready for Review-Please see attached - Seller-03/25/2025
Open-Audited Reserves of 5.75 month(s) are less than Guideline Required Reserves of 6 month(s) Provide proof of sufficient required reserves. - Due Diligence Vendor-03/06/2025
Ready for Review-Please see attached - Seller-03/25/2025

Waived-Originator provided a waiver allowing 5 months reserves rather than 6 months required  applied to non material finding with comp factors  - Due Diligence Vendor-03/27/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income $15982.

Verified employment history exceeds guidelines - Borrower has been self employed for over 2 yrs (a total of 4+yrs).
Residual Income=>1.5 times $3,500 monthly residual income; 24+ month credit history 0x30 exceeding minimum required Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close Yes xxxxxx
833335   D B D B A A A A Closed xxxxxx 2025-03-06 08:09 2025-03-27 16:59 Resolved 1 - Information C A Credit Assets Gift Funds General Resolved-Received updated 1003 removing gift funds.  - Due Diligence Vendor-03/27/2025

Ready for Review-Document Uploaded. Please see corrected 1003 and 1008 removing the Gift Funds as they were not required.   - Seller-03/25/2025

Open-Missing proof of receipt of the $2500 Gift Funds. - Due Diligence Vendor-03/07/2025
Ready for Review-Document Uploaded. Please see corrected 1003 and 1008 removing the Gift Funds as they were not required.   - Seller-03/25/2025

Resolved-Received updated 1003 removing gift funds.  - Due Diligence Vendor-03/27/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income $15982.

Verified employment history exceeds guidelines - Borrower has been self employed for over 2 yrs (a total of 4+yrs).
  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
833335   D B D B A A A A Closed xxxxxx 2025-03-06 08:09 2025-03-12 16:24 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received confirmation of HOA. - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. Printout from xxxxxx uploaded to match $20 per month HOA for the property. - Seller-03/11/2025
Open-Provide proof of the HOA fees per month on xxxxxx.  - Due Diligence Vendor-03/06/2025
Ready for Review-Document Uploaded. Printout from xxxxxx uploaded to match $20 per month HOA for the property. - Seller-03/11/2025
Resolved-Received confirmation of HOA. - Due Diligence Vendor-03/12/2025

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income $15982.

Verified employment history exceeds guidelines - Borrower has been self employed for over 2 yrs (a total of 4+yrs).
  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
833346   D A D A A A A A Closed xxxxxx 2025-03-12 15:32 2025-03-18 15:11 Resolved 1 - Information D A Credit Missing Doc Borrower 1 3rd Party VOE Prior to Close Missing Resolved-Received dated verification of employment. - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded. Please see attached document pulled from the State Site today showing the same information previously verified. - Seller-03/17/2025
Counter-Please provide dated VVOE-received only provides expiration date. - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded. Please see attached.  - Seller-03/13/2025
Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide the VVOE for xxxxxx. - Due Diligence Vendor-03/12/2025
Ready for Review-Document Uploaded. Please see attached document pulled from the State Site today showing the same information previously verified. - Seller-03/17/2025

 Ready for Review-Document Uploaded. Please see attached.  - Seller-03/13/2025

Resolved-Received dated verification of employment. - Due Diligence Vendor-03/18/2025

LTV is less than guideline maximum - Max LTV w/ Credit Event 70%- Borrowers LTV 56.02%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Borrowers FICO 709
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833348   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833355   D A D A A A A A Closed xxxxxx 2025-03-19 15:29 2025-03-25 14:22 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Missing Resolved-Received HOI for xxxxxx primary. - Due Diligence Vendor-03/25/2025
Ready for Review-Document Uploaded. Please see attached HOI for the xxxxxx. property. Please note the property includes an Accessory unit with the address xxxxxx as noted on the attached appraisal. - Seller-03/24/2025
Open-Provide the Hazard Insurance for property xxxxxx. - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded. Please see attached HOI for the xxxxxx. property. Please note the property includes an Accessory unit with the address xxxxxx as noted on the attached appraisal. - Seller-03/24/2025
Resolved-Received HOI for xxxxxx primary. - Due Diligence Vendor-03/25/2025
Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI  38.15%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660- Borrower's FICO 783
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
833356   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other      
833359   C A C A A A A A Closed xxxxxx 2025-03-13 14:04 2025-03-18 15:04 Resolved 1 - Information C A Credit Income/Employment Potential Employment/income Issues identified in the file Resolved-Received revised bank statement summary.  Re-calculated income with a 50% expense factor. - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded. We kindly disagree, reviewed the income calc in the file and it shows a 50% expense factor was used.  Please note that the the Qualifying income was calculated at $124,489.95/mth; of that, $62,244.98 was used for qualifying  - Seller-03/17/2025
Open-Does not appear that lender used an expense ratio on their income worksheet. Using 50% which is the standard ratio would reduce the income in half. Borrowers may be ok with this as the current DTI is 14% - Due Diligence Vendor-03/13/2025
Ready for Review-Document Uploaded. We kindly disagree, reviewed the income calc in the file and it shows a 50% expense factor was used.  Please note that the the Qualifying income was calculated at $124,489.95/mth; of that, $62,244.98 was used for qualifying  - Seller-03/17/2025

Resolved-Received revised bank statement summary.  Re-calculated income with a 50% expense factor. - Due Diligence Vendor-03/18/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660, borrowers mid score is 753

Months Reserves exceed minimum required - 19 mths reserves; 12 mths required.
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833359   C A C A A A A A Closed xxxxxx 2025-03-13 13:33 2025-03-18 14:55 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-Received CTEC verification. - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded. Please note that the Preparer may have used MST in his Title; however, the License# provided is the borrower CTEC # which is acceptable.  Please see attached document verifying the CPA's CTEC# - Seller-03/17/2025
Open-Verification of SE and P&L is prepared by a xxxxxx. , this is not listed in guidelines - Due Diligence Vendor-03/13/2025
Ready for Review-Document Uploaded. Please note that the Preparer may have used MST in his Title; however, the License# provided is the borrower CTEC # which is acceptable.  Please see attached document verifying the CPA's CTEC# - Seller-03/17/2025

Resolved-Received CTEC verification. - Due Diligence Vendor-03/18/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660, borrowers mid score is 753

Months Reserves exceed minimum required - 19 mths reserves; 12 mths required.
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833361   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833364   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833365   C A C A A A A A Closed xxxxxx 2025-03-06 14:09 2025-03-11 14:30 Resolved 1 - Information C A Credit Assets Gift Funds General Resolved-Received revised 1003 removing 2 additional gifts and evidence of $26k gift funds received. - Due Diligence Vendor-03/11/2025
Ready for Review-Document Uploaded. Attached please find the post-closing corrected 1003 reflecting the borrower was receiving only $26,000 in gift funds from the brother-in-law. Funds from a xxxxxx account in the amount of $300,000 were used for closing.  - Seller-03/10/2025
Open-Proof gift funds given at closing $60000 and $210000 - Due Diligence Vendor-03/06/2025
Ready for Review-Document Uploaded. Attached please find the post-closing corrected 1003 reflecting the borrower was receiving only $26,000 in gift funds from the brother-in-law. Funds from a xxxxxx account in the amount of $300,000 were used for closing.  - Seller-03/10/2025
Resolved-Received revised 1003 removing 2 additional gifts and evidence of $26k gift funds received. - Due Diligence Vendor-03/11/2025

Months Reserves exceed minimum required - 9 months minimum reserve, borrower has 15.33 documented
Qualifying DTI below maximum allowed - Max DTI is 50%, borrower is at 27.1%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833368   C B C B A A A A Closed xxxxxx 2025-03-18 14:18 2025-03-26 16:48 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-DTI exception provided. - Due Diligence Vendor-03/26/2025

Ready for Review-Document Uploaded. Please see attached Exception - Seller-03/26/2025

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. 54.36% DTI exceeds max of 50% - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded. Please see attached Exception - Seller-03/26/2025

Resolved-DTI exception provided. - Due Diligence Vendor-03/26/2025

LTV is less than guideline maximum - -75% LTV is below max of 80%

Qualifying FICO score is at least 20 points above minimum for program - 789 score exceeds 680 minimum.

Long term residence - Borrower has occupied prior residence for 12 years.
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833368   C B C B A A A A Closed xxxxxx 2025-03-18 14:26 2025-03-26 16:47 Waived 2 - Non-Material C B Credit Eligibility Audited DTI Exceeds Guideline DTI Waived-Originator waiver applied to non material finding with compensating factors - Due Diligence Vendor-03/26/2025

Ready for Review-Document Uploaded. Please see attached Exception - Seller-03/26/2025

Open-Audited DTI of 54.36% exceeds Guideline DTI of 50% DTI exceeds max due to Lender excluding debts listed on credit report. No documentation in file to validate reason for exclusion.
 - Due Diligence Vendor-03/18/2025
Ready for Review-Document Uploaded. Please see attached Exception - Seller-03/26/2025

Waived-Originator waiver applied to non material finding with compensating factors - Due Diligence Vendor-03/26/2025

LTV is less than guideline maximum - -75% LTV is below max of 80%

Qualifying FICO score is at least 20 points above minimum for program - 789 score exceeds 680 minimum.

Long term residence - Borrower has occupied prior residence for 12 years.
LTV is >5% less than guideline maximum
Qualifying FICO score is 789, min 680
24+ month credit history exceeds minimum required
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close Yes xxxxxx
833369   C A A A C A A A Closed xxxxxx 2025-03-17 09:25 2025-03-19 13:06 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved-Lender credit cure of $4.80 listed on final CD for increase in closing costs above legal limit. Finding Resolved. - Due Diligence Vendor-03/19/2025
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 $4.80.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). Lender credit cure of $4.80 listed on final CD for increase in closing costs above legal limit. Finding Resolved. - Due Diligence Vendor-03/17/2025
  Resolved-Lender credit cure of $4.80 listed on final CD for increase in closing costs above legal limit. Finding Resolved. - Due Diligence Vendor-03/19/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680-- Borrower's FICO 703

Qualifying DTI below maximum allowed - Max DTI  50%- Borrower's DTI 25.82%
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833370   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833373   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833374   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833380   C B C B A A A A Closed xxxxxx 2025-03-14 10:34 2025-03-21 17:04 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-Originator provided a waiver for reserves, applied to non material finding with comp factors - Deemed non-material as the variance is 2.65 months.  - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please see attached approved exception for the reserves.  - Seller-03/20/2025
Open-Audited Reserves of 9.35 month(s) are less than Guideline Required Reserves of 12 month(s) Loan is short funds for reserves - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded. Please see attached approved exception for the reserves.  - Seller-03/20/2025

Waived-Originator provided a waiver for reserves, applied to non material finding with comp factors - Deemed non-material as the variance is 2.65 months.  - Due Diligence Vendor-03/21/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660, borrower has a mid score of 765

Qualifying DTI below maximum allowed - Max DTI is 50%, borrower is at 28.98%
FICO 40+ points above min.
4+ years in primary residence.
5 + years on job.
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
833380   C B C B A A A A Closed xxxxxx 2025-03-14 10:34 2025-03-21 17:03 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is greater than Guideline Maximum Loan Amount Waived-Originator provided a waiver for loan amount, applied to non material finding with comp factors - Due Diligence Vendor-03/21/2025
Ready for Review-Document Uploaded. Please see attached approved exception for the loan amount.  - Seller-03/20/2025
Open-Audited Loan Amount is greater than the Guideline Maximum Loan Amount of $2500000 Max loan is exceeded per Matrix - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded. Please see attached approved exception for the loan amount.  - Seller-03/20/2025

Waived-Originator provided a waiver for loan amount, applied to non material finding with comp factors - Due Diligence Vendor-03/21/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660, borrower has a mid score of 765

Qualifying DTI below maximum allowed - Max DTI is 50%, borrower is at 28.98%
FICO 40+ points above min.
4+ years in primary residence.
5 + years on job.
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
833384   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833386   C A C A A A A A Closed xxxxxx 2025-03-20 09:23 2025-03-26 17:45 Resolved 1 - Information C A Credit Assets Gift Funds General Resolved-Received Gift Letter and wire transfer.  No further documentation is required. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded. According to the final CD, the borrower needed $139,700.87 cash to close along with the $45,210 EMD. Although the initial gift letter was for $170,000, the loan file included 3 more gift letters from the same donor for the EMD in the amount of $45,210, and two towards closing in the amount of $34,911 and $30,040. The remaining funds were from the borrower. Please see attached for all supporting documentation. - Seller-03/25/2025
Open-1. Gift letter for EMD shows different amount than actual sent.
2. Missing evidence the $170K gift funds were received by title company. (Only proof of $64,951 is in file, if this is actual amount, gift letter needs correction) - Due Diligence Vendor-03/20/2025
Ready for Review-Document Uploaded. According to the final CD, the borrower needed $139,700.87 cash to close along with the $45,210 EMD. Although the initial gift letter was for $170,000, the loan file included 3 more gift letters from the same donor for the EMD in the amount of $45,210, and two towards closing in the amount of $34,911 and $30,040. The remaining funds were from the borrower. Please see attached for all supporting documentation. - Seller-03/25/2025

Resolved-Received Gift Letter and wire transfer.  No further documentation is required. - Due Diligence Vendor-03/26/2025

Qualifying DTI below maximum allowed - Max DTI fo LTV over 85% is 45%--- Borrower's DTI is 25.89%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 700- Borrower's FICO 763
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833388   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833391   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833394   C A C A A A A A Closed xxxxxx 2025-03-19 16:51 2025-03-26 17:49 Resolved 1 - Information C A Credit Assets Asset 4 Does Not Meet Guideline Requirements Resolved-Received updated Gift Letter and wire receipt. - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded. Per the Final CD, the required funds for closing and EMD totaled $285,209.22. A portion of the funds for closing and EMD were a gift from the spouse, which included $45,449 toward the EMD along with another gift from the spouse in the amount of $127,000. Additional funds wired from the borrower in the amount of $112,710.22 were also received in the form of a gift from the uncle. Please see attached for all supporting documentation.  - Seller-03/25/2025
Open-Asset 4 Does Not Meet Guideline Requirements Missing proof of receipt of gift funds inthe amount of $105,000, with-out funds loan is short reserves. Addditonal audit review is required and findings may apply. - Due Diligence Vendor-03/19/2025
Ready for Review-Document Uploaded. Per the Final CD, the required funds for closing and EMD totaled $285,209.22. A portion of the funds for closing and EMD were a gift from the spouse, which included $45,449 toward the EMD along with another gift from the spouse in the amount of $127,000. Additional funds wired from the borrower in the amount of $112,710.22 were also received in the form of a gift from the uncle. Please see attached for all supporting documentation.  - Seller-03/25/2025

Resolved-Received updated Gift Letter and wire receipt. - Due Diligence Vendor-03/26/2025

Verified employment history exceeds guidelines - Borrower has been self-employed for more than 2 years.

Qualifying DTI below maximum allowed - 43.79% DTI in below max of 50%
  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
833395   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833396   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833397   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833398   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      
833399   D A D A A A A A Closed xxxxxx 2025-03-14 16:45 2025-03-28 15:38 Resolved 1 - Information D A Credit Missing Doc - Credit Business Purpose Affidavit/Disclosure Missing Resolved-Received business purpose affidavit - Due Diligence Vendor-03/28/2025
Ready for Review-Document Uploaded. Please see attached - Seller-03/27/2025
Open-The Business Purpose Affidavit Disclosure is Missing No BP affidavit in file.  - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded. Please see attached - Seller-03/27/2025

Resolved-Received business purpose affidavit - Due Diligence Vendor-03/28/2025

Months Reserves exceed minimum required - Reserves are 9 mo's vs program min required of 3 mo's.

Qualifying DTI below maximum allowed - DTI is <44% with max allowed to 50%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
833399   D A D A A A A A Closed xxxxxx 2025-03-14 15:02 2025-03-21 17:24 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Received Gap Report. - Due Diligence Vendor-03/21/2025

Ready for Review-Document Uploaded. Please see attached.  - Seller-03/20/2025

Open-Borrower 1 Gap Credit Report is Missing Provide the Gap Credit Report. - Due Diligence Vendor-03/14/2025
Ready for Review-Document Uploaded. Please see attached.  - Seller-03/20/2025

Resolved-Received Gap Report. - Due Diligence Vendor-03/21/2025

Months Reserves exceed minimum required - Reserves are 9 mo's vs program min required of 3 mo's.

Qualifying DTI below maximum allowed - DTI is <44% with max allowed to 50%
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
833400   A A A A A A A A             A A                 QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA      
833424   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
833426   D A D A A A A A Closed xxxxxx 2025-03-21 08:00 2025-03-24 12:26 Resolved 1 - Information D A Credit Missing Doc Missing rent comparable schedule form 1007 Resolved-xxxxxx used to document short terms rental income. - Due Diligence Vendor-03/24/2025
Open-Missing 1007  - Due Diligence Vendor-03/21/2025
  Resolved-xxxxxx used to document short terms rental income. - Due Diligence Vendor-03/24/2025
DSCR % greater than 1.20 - DSCR 2.08 is above the minimum required DSCR of 1.0

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680, Bwr FICO 759
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
833426   D A D A A A A A Closed xxxxxx 2025-03-20 10:27 2025-03-24 12:04 Resolved 1 - Information C A Credit Closing Issues exist on the Note Document Resolved-Interest-only Note provided listing PITI payments after initial I/O period. - Due Diligence Vendor-03/24/2025

Open-There are Issues Present on the Note that must be addressed. does not state interest only payment on note - Due Diligence Vendor-03/20/2025
  Resolved-Interest-only Note provided listing PITI payments after initial I/O period. - Due Diligence Vendor-03/24/2025

DSCR % greater than 1.20 - DSCR 2.08 is above the minimum required DSCR of 1.0

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680, Bwr FICO 759
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
833427   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
833492   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833503   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
833504   C B C B A A A A Closed xxxxxx 2025-03-20 12:04 2025-03-25 11:33 Waived 2 - Non-Material C B Credit Income/Employment Income 3 Months Income Verified is Missing Waived-Client provided a waiver for  evidence the third party makes the payments on the additional property for 12 months., applied to non material finding with comp factors
 - Due Diligence Vendor-03/25/2025
Open-Income 3 Months Income Verified is Missing Missing evidence the third party makes the payments on the additional property for 12 months.  - Due Diligence Vendor-03/20/2025
  Waived-Client provided a waiver for  evidence the third party makes the payments on the additional property for 12 months., applied to non material finding with comp factors
 - Due Diligence Vendor-03/25/2025
Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Resid Inc Avail (+15k)

Verified employment history exceeds guidelines - B1 at employer for 19 years
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated Investor Post-Close No xxxxxx
833504   C B C B A A A A Closed xxxxxx 2025-03-20 12:39 2025-03-25 11:31 Waived 2 - Non-Material C B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Client provided a waiver 612 Fico is less than Guideline FICO of 620 Primary Wage Earner, applied to non material finding with comp factors
 - Due Diligence Vendor-03/25/2025
Open-Audited FICO of 612 is less than Guideline FICO of 620 Primary Wage Earner per guides.  - Due Diligence Vendor-03/20/2025
  Waived-Client provided a waiver 612 Fico is less than Guideline FICO of 620 Primary Wage Earner, applied to non material finding with comp factors
 - Due Diligence Vendor-03/25/2025
Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Resid Inc Avail (+15k)

Verified employment history exceeds guidelines - B1 at employer for 19 years
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated Investor Post-Close No xxxxxx
833530   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833541   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA      
833543   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      
833544   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      
833567   C B C B A A A A Closed xxxxxx 2025-04-01 20:52 2025-04-02 14:14 Waived 2 - Non-Material C B Credit Eligibility Condo project has pending litigation Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non-material as project has sufficient reserves. There is no indication of there being any health/safety violation. The complaint is solely due to noise heard from the mechanics room adjoining a unit unrelated to our subject unit or borrower. - Due Diligence Vendor-04/23/2025
Open-Lender exception for pending litigation -  HOA states they are fully funded to meet FL statute – Balance sheet has $8,175,637 in total liabilities – No noted deferred maintenance / code violations (condo built xxxxxx structural report not required).  Per HOA $xxxxxx settlement is worst case scenario.  It is being defending by outside council and estimated damages are 15.5% of reserve fund.  Lawsuit appears to be related to xxxxxx and xxxxxx within the condo unit which appears to be coming from the xxxxxx room.  Plaintiff claims master bedroom is uninhabitable due to the noise. - Due Diligence Vendor-04/02/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non-material as project has sufficient reserves. There is no indication of there being any health/safety violation. The complaint is solely due to noise heard from the mechanics room adjoining a unit unrelated to our subject unit or borrower. - Due Diligence Vendor-04/23/2025
Months Reserves exceed minimum required - Minimum reserves are 6 months, Borrower has 13 months

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680, qualifying score is 798
Credit Score 30+ points > minimum required
Reserves exceed requirement by 6 months or more
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
833567   C B C B A A A A Closed xxxxxx 2025-04-02 05:48 2025-04-02 08:43 Waived 2 - Non-Material C B Credit Eligibility Condo does not meet requirements Waived-Client exception granted and in file, waiver applied with comp factors.  Deemed immaterial.  Within 2% of requirement, condo budget currently has sufficient reserves.   - Due Diligence Vendor-04/02/2025
Open-Lender exception for non-warrantable condo features for HOA contributing less than 10% to reserves.  Currently at 8.3%. - Due Diligence Vendor-04/02/2025
  Waived-Client exception granted and in file, waiver applied with comp factors.  Deemed immaterial.  Within 2% of requirement, condo budget currently has sufficient reserves.   - Due Diligence Vendor-04/02/2025

Months Reserves exceed minimum required - Minimum reserves are 6 months, Borrower has 13 months

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680, qualifying score is 798
Credit Score 30+ points > minimum required
Reserves exceed requirement by 6 months or more
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
833571   C A A A C A A A Closed xxxxxx 2025-04-02 14:44 2025-04-07 10:21 Resolved 1 - Information C A Compliance TRID Charges That Cannot Increase Test Resolved------ Resolved. Lender provided credit of $30 for increase in closing costs above legal limit - Due Diligence Vendor-04/07/2025
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 $30.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Resolved. Lender provided credit of $30 for increase in closing costs above legal limit - Due Diligence Vendor-04/02/2025
  Resolved------ Resolved. Lender provided credit of $30 for increase in closing costs above legal limit - Due Diligence Vendor-04/07/2025

LTV is less than guideline maximum - Guide max LTV 90% actual 80%.

Qualifying FICO score is at least 20 points above minimum for program - Guide min FICO 660, borrower FICO 778
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
833580   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
833581   C B C B C B A A Closed xxxxxx 2025-03-18 17:07 2025-04-09 08:33 Cured 2 - Non-Material C B Compliance TRID Charges That In Total Cannot Increase More Than 10% Test Cured-Received  post-close CD xxxxxx, copy of check, LOE and evidence of delivery.   - Due Diligence Vendor-04/09/2025
Ready for Review-Document Uploaded. Please see attached cure docs. - Buyer-04/08/2025
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($313.50) exceed the comparable charges ($284.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Recording Fee) increased by $110.00 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $110.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 year- Expiration date is xxxxxx. - Due Diligence Vendor-03/19/2025
  Cured-Received  post-close CD xxxxxx, copy of check, LOE and evidence of delivery.   - Due Diligence Vendor-04/09/2025
Months Reserves exceed minimum required - 42 months PITIA reserves; 6 months reserves required.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 808; minimum required 660.
  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
833581   C B C B C B A A Closed xxxxxx 2025-03-20 15:22 2025-03-21 10:50 Waived 2 - Non-Material C B Credit Borrower Citizenship Does Not Meet Guideline Requirements Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-03/21/2025

Open-EAD Expiring within 6 months - Due Diligence Vendor-03/20/2025
  Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-03/21/2025

Months Reserves exceed minimum required - 42 months PITIA reserves; 6 months reserves required.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 808; minimum required 660.
Good credit profile
high residual income
xxxxxx status renewed continually since 2015, renewal in process
Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
833582   C B C B A A A A Closed xxxxxx 2025-03-20 14:02 2025-03-25 10:25 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Property is xxxxxx acres with max allowed to 5 acres.  Client exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-03/25/2025
Open-Property is xxxxxx acres with max allowed to 5 acres - Due Diligence Vendor-03/25/2025
  Waived-Property is xxxxxx acres with max allowed to 5 acres.  Client exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-03/25/2025
Credit history exceeds minimum required - Mortgage history x 30x71

Long term residence - Borrower has been at current residence 5 years
Mortgage history is 0x30
Reserves exceed 200 months.
Score is 801 with min required of 700
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
833582   C B C B A A A A Closed xxxxxx 2025-03-20 14:08 2025-03-20 16:26 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Primary mortgage is on credit for 71 months through 2/25. - Due Diligence Vendor-03/20/2025
Open-Housing History Does Not Meet Guideline Requirements Missing evidence that the primary residence mortgage is current - Due Diligence Vendor-03/20/2025
  Resolved-Primary mortgage is on credit for 71 months through 2/25. - Due Diligence Vendor-03/20/2025

Credit history exceeds minimum required - Mortgage history x 30x71

Long term residence - Borrower has been at current residence 5 years
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
833610   C B B B C A A A Closed xxxxxx 2025-03-19 11:01 2025-03-31 09:07 Resolved 1 - Information C A Compliance TRID Initial Closing Disclosure Delivery Date Test Resolved-Rec'd Initial CD issued xxxxxx.  Finding Resolved. - Due Diligence Vendor-03/31/2025
Ready for Review-Initial Closing Disclosure uploaded - Buyer-03/28/2025
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. ----- Initial CD receipt date of xxxxxx is less than three business days prior to closing date of xxxxxx. Statute of Limitations 3 years- Expiration date is xxxxxx. - Due Diligence Vendor-03/19/2025
  Resolved-Rec'd Initial CD issued xxxxxx.  Finding Resolved. - Due Diligence Vendor-03/31/2025
Qualifying DTI below maximum allowed - 27.13% DTI is lower than 50% max allowed

LTV is less than guideline maximum - LTV 80% is less than 90% Max allowed 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA N/A N/A xxxxxx
833610   C B B B C A A A Closed xxxxxx 2025-03-21 15:38 2025-03-21 16:30 Waived 2 - Non-Material B B Credit Missing Doc Approval/Underwriting Summary Not Provided Waived-All other docs in file provided to perform and audit.  Deemed non-material, waiver applied. - Due Diligence Vendor-03/21/2025

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-03/21/2025
  Waived-All other docs in file provided to perform and audit.  Deemed non-material, waiver applied. - Due Diligence Vendor-03/21/2025

Qualifying DTI below maximum allowed - 27.13% DTI is lower than 50% max allowed

LTV is less than guideline maximum - LTV 80% is less than 90% Max allowed 
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Second Home Purchase NA Investor Post-Close No xxxxxx
833676   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 Second Home Purchase NA      
833677   C B C B A A A A Closed xxxxxx 2025-03-21 20:22 2025-03-24 09:20 Waived 2 - Non-Material C B Credit Eligibility Appraisal has issues (credit) Waived-Client exception granted in file, waiver applied with comp factors.  - Due Diligence Vendor-03/24/2025

Open-Exception to allow transferred in appraisal that is completed by a State Licensed Appraiser - Due Diligence Vendor-03/22/2025
  Waived-Client exception granted in file, waiver applied with comp factors.  - Due Diligence Vendor-03/24/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 753

Months Reserves exceed minimum required - Minimum reserves are 2 months, Borrower has 5.63 months
Arm's Length sale, Concession toward closing costs and prepaids, Excellent credit with 753 fico, all mortgages reporting no late payments, experienced investor, value within an acceptable range.  Licensed real estate appraiser is qualified for this assignment. ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
833677   C B C B A A A A Closed xxxxxx 2025-03-21 20:25 2025-03-24 09:19 Waived 2 - Non-Material C B Credit Eligibility Loan does not conform to program guidelines Waived-Client exception granted in file, waiver applied with comp factors.  - Due Diligence Vendor-03/24/2025

Open-Exception to allow Interested Party Contributions on Investment DSCR to exceed 3%. - Due Diligence Vendor-03/22/2025
  Waived-Client exception granted in file, waiver applied with comp factors.  - Due Diligence Vendor-03/24/2025

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 753

Months Reserves exceed minimum required - Minimum reserves are 2 months, Borrower has 5.63 months
Arm's Length sale, Concession toward closing costs and prepaids, Excellent credit with 753 fico, all mortgages reporting no late payments, experienced investor, value within an acceptable range.  Licensed real estate appraiser is qualified for this assignment. ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
833678   C A C A A A A A Closed xxxxxx 2025-03-20 16:26 2025-04-01 10:34 Resolved 1 - Information C A Credit Eligibility Florida Foreign National Affidavit is missing or incomplete Resolved-Upon further review, the loan file contained all required Foreign National documentation. - Due Diligence Vendor-04/01/2025

Ready for Review-This is a refinance - does not apply  - Buyer-03/28/2025

Open-Missing the FL Foreign national affidavit in the borrower file. - Due Diligence Vendor-03/20/2025
  Resolved-Upon further review, the loan file contained all required Foreign National documentation. - Due Diligence Vendor-04/01/2025

Months Reserves exceed minimum required - Min 6 months, actual 94.72 months   ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
833679   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
833685   C B C B A A A A Closed xxxxxx 2025-04-03 17:40 2025-04-04 09:00 Waived 2 - Non-Material C B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Score of 601 is less than Guideline FICO of 620.
Client exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to guides allow to this LTV and strong comp factors. - Due Diligence Vendor-04/04/2025
  Waived-Score of 601 is less than Guideline FICO of 620.
Client exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to guides allow to this LTV and strong comp factors. - Due Diligence Vendor-04/04/2025
On time mortgage history exceeds guideline requirement - 0x30 for 24 months on departing residence mortgage

LTV is less than guideline maximum - Max LTV 70% / Subject LTV 42.02%
LTV/CLTV 10% or more below the maximum allowed under applicable guidelines
0x30 for 24 months on subject mortgage
QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
833765   A A A A A A A A             A A                 QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Refinance No Cash Out - Borrower Initiated      
833766   C A C A A A A A Closed xxxxxx 2025-03-25 13:36 2025-03-26 08:48 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-The 1st lien is updated within 45 days of application date.  The loan file contains 12 months of mortgage statement to show the HELOC has been paid on time. - Due Diligence Vendor-03/26/2025
Open-Housing History Does Not Meet Guideline Requirements- missing mortgage pay history for Primary residence 1st lien xxxxxx and missing 2nd Heloc for primary most recent 12 months. does not report on credit report. - Due Diligence Vendor-03/25/2025
  Resolved-The 1st lien is updated within 45 days of application date.  The loan file contains 12 months of mortgage statement to show the HELOC has been paid on time. - Due Diligence Vendor-03/26/2025

Months Reserves exceed minimum required - 44.70 months PITIA reserves; 2 months reserves required.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 718; minimum 660.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
833768   C B C B A A A A Closed xxxxxx 2025-03-25 08:17 2025-04-01 10:43 Waived 2 - Non-Material C B Credit Eligibility Fraud Report Shows Uncleared Alerts Waived-Client provided a waiver on open fraud alerts on aged foreclosure activity and applied to non-material finding with comp factors. Foreclosure activity noted on fraud is outside of guideline lookback period. - Due Diligence Vendor-04/30/2025
Open-Fraud Report Shows Uncleared Alerts Fraud Alerts for foreclosure for REO's- Missing supporting documentation confirming these are not our borrower-unable to determine from fraud report alone. - Due Diligence Vendor-03/26/2025
  Waived-Client provided a waiver on open fraud alerts on aged foreclosure activity and applied to non material finding with comp factors. Foreclosure activity noted on fraud is outside of guideline lookback period. - Due Diligence Vendor-04/30/2025
Qualifying FICO score is at least 20 points above minimum for program - Score is 718 and minimum allowed is 660.

Months Reserves exceed minimum required - 83 months > 2 months
 1 - Credit Score 30+ points > minimum required / Compensating Factor 2 - DSCR > 1.3 / Compensating Factor 3 - Reserves exceed requirement by 10 months or more
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other Investor Post-Close No xxxxxx
833768   C B C B A A A A Closed xxxxxx 2025-03-25 08:47 2025-03-26 09:06 Resolved 1 - Information C A Credit Eligibility Loan does not conform to program guidelines Resolved-Max occupancy is 2 per bathroom and the property has xxxxxx.  Max occupancy is xxxxxx. - Due Diligence Vendor-03/26/2025
Open-xxxxxx/Property Earning Potential Report accessed for market rent, missing the following requirements:
1. Max occupancy 2, document shows xxxxxx - Due Diligence Vendor-03/25/2025
  Resolved-Max occupancy is 2 per bathroom and the property has xxxxxx.  Max occupancy is xxxxxx. - Due Diligence Vendor-03/26/2025
Qualifying FICO score is at least 20 points above minimum for program - Score is 718 and minimum allowed is 660.

Months Reserves exceed minimum required - 83 months > 2 months
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
833875   C B C B C B A A Closed xxxxxx 2025-03-26 10:16 2025-04-10 10:06 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Received correct security instrument dated xxxxxx, notary xxxxxx. - Due Diligence Vendor-04/10/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-04/08/2025
Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Notary date is xxxxxx, DOT and 1003 signed xxxxxx. - Due Diligence Vendor-03/26/2025
  Resolved-Received correct security instrument dated xxxxxx, notary xxxxxx. - Due Diligence Vendor-04/10/2025
Months Reserves exceed minimum required - 50+ months reserves

Qualifying FICO score is at least 20 points above minimum for program - FICO = 710     Min FICO = 680

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income = $22,527.48
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833875   C B C B C B A A Closed xxxxxx 2025-03-26 10:16 2025-04-10 10:06 Resolved 1 - Information C A Credit Closing Security Instrument Date is greater than current date Resolved-Received correct security instrument dated xxxxxx, notary xxxxxx. - Due Diligence Vendor-04/10/2025
Ready for Review-Document Uploaded. Please see attached. - Buyer-04/08/2025
Open-Security Instrument Date is greater than the transaction date of xxxxxx Notary date is xxxxxx, DOT and 1003 signed xxxxxx. - Due Diligence Vendor-03/26/2025
  Resolved-Received correct security instrument dated xxxxxx, notary xxxxxx. - Due Diligence Vendor-04/10/2025
Months Reserves exceed minimum required - 50+ months reserves

Qualifying FICO score is at least 20 points above minimum for program - FICO = 710     Min FICO = 680

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income = $22,527.48
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833875   C B C B C B A A Closed xxxxxx 2025-03-27 11:12 2025-03-31 11:01 Resolved 1 - Information C A Compliance TRID Missing Intent to Proceed Resolved-Rec'd signed Intent to Proceed.  Finding Resolved. - Due Diligence Vendor-03/31/2025

Ready for Review-Document Uploaded. Please see attached. - Seller-03/28/2025

Open-File is missing the borrower's signed intent to proceed. - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. Please see attached. - Seller-03/28/2025

Resolved-Rec'd signed Intent to Proceed.  Finding Resolved. - Due Diligence Vendor-03/31/2025

Months Reserves exceed minimum required - 50+ months reserves

Qualifying FICO score is at least 20 points above minimum for program - FICO = 710     Min FICO = 680

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income = $22,527.48
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
833875   C B C B C B A A Closed xxxxxx 2025-03-27 12:39 2025-03-27 15:37 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is greater than Guideline Maximum Loan Amount Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material due to being a minimal amount of xxxxxx over max guide amount. - Due Diligence Vendor-03/27/2025
Open-Audited Loan Amount is greater than the Guideline Maximum Loan Amount of $1500000 xxxxxx over guides
 - Due Diligence Vendor-03/27/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material due to being a minimal amount of $xxxxxx over max guide amount. - Due Diligence Vendor-03/27/2025
Months Reserves exceed minimum required - 50+ months reserves

Qualifying FICO score is at least 20 points above minimum for program - FICO = 710     Min FICO = 680

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income = $22,527.48
1. Reserves = 57 Months
2. Residual Income = $22,527.48
3. FICO – 710
4. Years on Job – 9 Years
5. Locked with Escrows – YES
QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
833875   C B C B C B A A Closed xxxxxx 2025-03-26 10:22 2025-03-27 11:09 Waived 2 - Non-Material B B Compliance Data Borrower 1 Final Signature Date is in the future Waived-Borrower 1 Final Signature Date is greater than the transaction date of xxxxxx Client waiver applied to non-material Findings.
 - Due Diligence Vendor-03/26/2025
  Waived-Borrower 1 Final Signature Date is greater than the transaction date of xxxxxx Client waiver applied to non-material Findings.
 - Due Diligence Vendor-03/26/2025
Months Reserves exceed minimum required - 50+ months reserves

Qualifying FICO score is at least 20 points above minimum for program - FICO = 710     Min FICO = 680

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income = $22,527.48
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
833876   D A D A A A A A Closed xxxxxx 2025-03-25 13:19 2025-03-26 11:34 Resolved 1 - Information C A Credit Eligibility Valuation Product Does Not Meet Guidelines Resolved-CU provided with a score of 1.0 - Due Diligence Vendor-03/26/2025
Open-Missing Valuation from xxxxxx - per notes requires both xxxxxx - Due Diligence Vendor-03/25/2025
  Resolved-CU provided with a score of 1.0 - Due Diligence Vendor-03/26/2025

Qualifying DTI below maximum allowed - 37.48% DTI is below 45% maximum allowed (FTHB)

LTV is less than guideline maximum - 32.11 LTV is less than 90% guideline maximim
  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
833876   D A D A A A A A Closed xxxxxx 2025-03-25 14:00 2025-03-26 09:36 Resolved 1 - Information D A Credit Missing Doc Borrower 1 3rd Party VOE Prior to Close Missing Resolved-Guidelines allow a paystub to be used to verify employment.  Paystub provided. - Due Diligence Vendor-03/26/2025

Open-Borrower 1 3rd Party VOE Prior to Close Missing 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-03/25/2025
  Resolved-Guidelines allow a paystub to be used to verify employment.  Paystub provided. - Due Diligence Vendor-03/26/2025

Qualifying DTI below maximum allowed - 37.48% DTI is below 45% maximum allowed (FTHB)

LTV is less than guideline maximum - 32.11 LTV is less than 90% guideline maximim
  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
833876   D A D A A A A A Closed xxxxxx 2025-03-25 13:33 2025-03-26 09:35 Resolved 1 - Information C A Credit Insurance Named Insured on Hazard Insurance does not match Borrower(s) Name(s) Resolved-Guidelines state the borrower name is not required. - Due Diligence Vendor-03/26/2025

Open-Named Insured does not match Borrower(s) Name(s) Borrower not listed on master policy - Due Diligence Vendor-03/25/2025
  Resolved-Guidelines state the borrower name is not required. - Due Diligence Vendor-03/26/2025

Qualifying DTI below maximum allowed - 37.48% DTI is below 45% maximum allowed (FTHB)

LTV is less than guideline maximum - 32.11 LTV is less than 90% guideline maximim
  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
833879   D B D B A A A A Closed xxxxxx 2025-03-27 14:57 2025-04-01 10:55 Waived 2 - Non-Material D B Credit Eligibility HOA Questionnaire Document is Partially Provided Waived-Client provided a waiver for complete HOA Questionnaire and applied to non material finding with comp factors  - Due Diligence Vendor-04/01/2025
Open-Subject Property is part of an HOA but the HOA Questionnaire Document is only Partially Provided. Number of investment occupied properties is not stated, max allowed is 60%.  Condo does not have characteristics of a condotel - Due Diligence Vendor-03/27/2025
  Waived-Client provided a waiver for complete HOA Questionnaire and applied to non material finding with comp factors  - Due Diligence Vendor-04/01/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO = 760     Min FICO = 660

On time mortgage history exceeds guideline requirement - On Time Mortgage History = 51 Months       Required = 12 months
 1 - LTV/CLTV 10% or more below the maximum allowed under applicable guidelines / Compensating Factor 2 - Credit Score 30+ points > minimum required / Compensating Factor 3 - Residual income more than 2.5x the amount required by guidelines
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
833879   D B D B A A A A Closed xxxxxx 2025-03-27 10:31 2025-03-27 15:08 Waived 2 - Non-Material C B Credit Eligibility Excessive Seller Contributions Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material due to strong comp factors.
 - Due Diligence Vendor-03/27/2025

Open-6% seller concessions – Max 3% - Due Diligence Vendor-03/27/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material due to strong comp factors.
 - Due Diligence Vendor-03/27/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO = 760     Min FICO = 660

On time mortgage history exceeds guideline requirement - On Time Mortgage History = 51 Months       Required = 12 months
1. FICO 10+ > Guidelines
2. LTV/CLTV% - 10% < Guidelines
3. Years on Job –13 Years
4. Years at Present Address – 5
5. Mortgage history – 0x30x24
6. Locked with Prepay – YES
7. Locked with Escrows – YES
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
833879   D B D B A A A A Closed xxxxxx 2025-03-27 10:27 2025-03-27 15:07 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material due to strong comp factors.
 - Due Diligence Vendor-03/27/2025
Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $150000 Exception Approval in file –  
1. Loan amount xxxxxx – Minimum loan amount $150,000
 - Due Diligence Vendor-03/27/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material due to strong comp factors.
 - Due Diligence Vendor-03/27/2025

Qualifying FICO score is at least 20 points above minimum for program - FICO = 760     Min FICO = 660

On time mortgage history exceeds guideline requirement - On Time Mortgage History = 51 Months       Required = 12 months
1. FICO 10+ > Guidelines
2. Years on Job – 10+ Years
3. Mortgage history – 0x30x24
4. Locked with Prepay – YES
5. Locked with Escrows – YES
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
833879   D B D B A A A A Closed xxxxxx 2025-03-27 10:30 2025-03-27 15:06 Waived 2 - Non-Material C B Credit Eligibility Ineligible Property Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material due to only being xxxxxx feet under requirement.
 - Due Diligence Vendor-03/27/2025
Open-xxxxxx sq. ft – Minimum required square feet 500

 - Due Diligence Vendor-03/27/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. Deemed non material due to only being xxxxxx feet under requirement.
 - Due Diligence Vendor-03/27/2025
Qualifying FICO score is at least 20 points above minimum for program - FICO = 760     Min FICO = 660

On time mortgage history exceeds guideline requirement - On Time Mortgage History = 51 Months       Required = 12 months
1. FICO 10+ > Guidelines
2. Years on Job – 10+ Years
3. Mortgage history – 0x30x24
4. Locked with Prepay – YES
5. Locked with Escrows – YES
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
833880   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
834006   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
834007   C A C A A A A A Closed xxxxxx 2025-03-28 09:20 2025-03-28 16:31 Resolved 1 - Information C A Credit Income/Employment Income documentation does not meet guidelines Resolved-Short Term Rental Rent Analysis provided. - Due Diligence Vendor-03/28/2025
Open-1007 used to calculate short term rent, no longer allowed for appraisals performed after xxxxxx. - Due Diligence Vendor-03/28/2025
  Resolved-Short Term Rental Rent Analysis provided. - Due Diligence Vendor-03/28/2025

Months Reserves exceed minimum required - 94.77mos reserves. Per guides, 6 reserves required.

LTV is less than guideline maximum - 39.45% < 70%

DSCR % greater than 1.20 - DSCR 2.382.  
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
834008   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
834117   D A D A A A A A Closed xxxxxx 2025-03-26 15:18 2025-03-31 14:34 Resolved 1 - Information D A Credit Missing Doc Missing verification of taxes, insurance, and/or HOA fees for non-subject property Resolved-Received 2nd lien Note. - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. Please review the second lien payment document.  - Seller-03/28/2025
Open-Missing proof of second lien monthly payment on departing residence - Due Diligence Vendor-03/27/2025
Ready for Review-Document Uploaded. Please review the second lien payment document.  - Seller-03/28/2025

Resolved-Received 2nd lien Note. - Due Diligence Vendor-03/31/2025

Qualifying FICO score is at least 20 points above minimum for program - o Qualifying FICO 752 ; guidelines require 680

Months Reserves exceed minimum required - o 25 months reserves; 4 months reserves required
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Purchase NA N/A N/A xxxxxx
834118   D A D A A A A A Closed xxxxxx 2025-03-25 11:43 2025-04-01 14:38 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received SSN verification and SAM.Gov. - Due Diligence Vendor-04/01/2025
Ready for Review-Document Uploaded. copy of ssa results and red alerts  - Seller-03/31/2025
Counter-High alerts need to be cleared and the social security alert for the borrower and SAM.gov alert for the escrow officer. - Due Diligence Vendor-03/28/2025
Ready for Review-Document Uploaded. fraud report  - Seller-03/27/2025
Open-Missing Third Party Fraud Report Missing fraud report - Due Diligence Vendor-03/26/2025
Ready for Review-Document Uploaded. copy of ssa results and red alerts  - Seller-03/31/2025

 Ready for Review-Document Uploaded. fraud report  - Seller-03/27/2025

Resolved-Received SSN verification and SAM.Gov. - Due Diligence Vendor-04/01/2025

Months Reserves exceed minimum required - o 28 months reserves; 0 months reserves required

On time mortgage history exceeds guideline requirement - Mortgage history did not reveal any late payments since 2022. Guideline allow 1x30
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
834118   D A D A A A A A Closed xxxxxx 2025-03-25 12:05 2025-03-28 10:33 Resolved 1 - Information C A Credit Eligibility Audited DTI Exceeds Guideline DTI Resolved-$19,000 deposit on 1/23/25 is not a loan for xxxxxx, it's an incomeing wire.
$25,000 deposit made on does not need to be sourced - Guideline:  Source of large deposit is not required to be documented if the eligible assets on file is from xxxxxx or brokerage accounts.
 - Due Diligence Vendor-03/28/2025
Ready for Review-income calcuation and Our guidelines never ask to exclude the large deposits
 - Seller-03/27/2025
Open-Audited DTI of 51.27% exceeds Guideline DTI of 49.99% Audit income is less than lenders - Due Diligence Vendor-03/26/2025
Ready for Review-income calcuation and Our guidelines never ask to exclude the large deposits
 - Seller-03/27/2025

Resolved-$19,000 deposit on 1/23/25 is not a loan for xxxxxx, it's an incomeing wire.
$25,000 deposit made on does not need to be sourced - Guideline:  Source of large deposit is not required to be documented if the eligible assets on file is from xxxxxx or brokerage accounts.
 - Due Diligence Vendor-03/28/2025
Months Reserves exceed minimum required - o 28 months reserves; 0 months reserves required

On time mortgage history exceeds guideline requirement - Mortgage history did not reveal any late payments since 2022. Guideline allow 1x30
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
834118   D A D A A A A A Closed xxxxxx 2025-03-25 11:57 2025-03-28 10:33 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-03/28/2025
Ready for Review-Are you asking to see our UW income calculation for this file?  - Seller-03/27/2025
Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Origination income calculation appear to include large deposits that should have been excluded.   Income calculator uploaded.  - Due Diligence Vendor-03/25/2025
Ready for Review-Are you asking to see our UW income calculation for this file?  - Seller-03/27/2025

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-03/28/2025

Months Reserves exceed minimum required - o 28 months reserves; 0 months reserves required

On time mortgage history exceeds guideline requirement - Mortgage history did not reveal any late payments since 2022. Guideline allow 1x30
  QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other N/A N/A xxxxxx
834136   D B D A B B A A Closed xxxxxx 2025-03-28 14:20 2025-04-11 10:43 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-Received corrected final 1003 reflecting B2 as xxxxxx.  - Due Diligence Vendor-04/11/2025
Counter-Received revised 1003 reflecting B2 as Non Perm Resident Alien. Missing lawful temporary residence documentation meeting 2.3.1.3 of guidelines. - Due Diligence Vendor-04/04/2025
Ready for Review-Document Uploaded. URLA showing B2 as Non Perm Res - Buyer-04/03/2025
Open-Borrower Citizenship Documentation Is Missing.  B2 is listed as a non perm resident alien on the fraud report.  Citizenship on the 1003 is not completed. - Due Diligence Vendor-04/01/2025
  Resolved-Received corrected final 1003 reflecting B2 as xxxxxx.  - Due Diligence Vendor-04/11/2025
Months Reserves exceed minimum required - 131 months PITIA reserves; 6 months reserves required.

Qualifying DTI below maximum allowed - Qualifying DTI 30%; max permitted 50%.
  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
834136   D B D A B B A A Closed xxxxxx 2025-03-27 13:46 2025-03-27 14:32 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings - Due Diligence Vendor-03/27/2025   Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings - Due Diligence Vendor-03/27/2025
Months Reserves exceed minimum required - 131 months PITIA reserves; 6 months reserves required.

Qualifying DTI below maximum allowed - Qualifying DTI 30%; max permitted 50%.
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Second Home Purchase NA Investor Post-Close No xxxxxx
834187   C B C A B B A A Closed xxxxxx 2025-03-31 09:58 2025-04-01 14:48 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-Received 2+ years self employment verification and Internet Searches. - Due Diligence Vendor-04/01/2025
Ready for Review-Document Uploaded. please see business phone number verification and the VVOEs regarding the start date of the business - Seller-03/31/2025
Open-The following requirements must also be satisfied Borrower must be self-employed for at least 2 years in same line of work. Business phone number must be verifiable via Google Search, 411.com or internet. - Due Diligence Vendor-03/31/2025
Ready for Review-Document Uploaded. please see business phone number verification and the VVOEs regarding the start date of the business - Seller-03/31/2025

Resolved-Received 2+ years self employment verification and xxxxxx. - Due Diligence Vendor-04/01/2025
LTV is less than guideline maximum - LTV 85% is lower than maximum 90%

Qualifying DTI below maximum allowed - DTI 23.43% is lower than allowable 49.99%
  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
834187   C B C A B B A A Closed xxxxxx 2025-03-28 09:34 2025-03-28 09:34 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings. - Due Diligence Vendor-03/28/2025   Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material findings. - Due Diligence Vendor-03/28/2025

LTV is less than guideline maximum - LTV 85% is lower than maximum 90%

Qualifying DTI below maximum allowed - DTI 23.43% is lower than allowable 49.99%
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Purchase NA Originator Post-Close No xxxxxx
834223   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
834466   C B C B A A A A Closed xxxxxx 2025-04-03 23:17 2025-04-16 13:18 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Client exception granted and in file, waiver applied with comp factors. (Non Mat-Lender approved exception with comp factors)  - Due Diligence Vendor-04/04/2025
Open-Audited LTV of 80% exceeds Guideline LTV of 75% SUBJECT SHORT-TERM NOOC DSCR PURCHASE, MAX LTV ALLOWEDF 75%. LEASE LENDER EXCEPTION IN FILE: FOR UP TO 80% LTV ON A DSCR PURCHASE TRANSACTION WITH USE OF xxxxxx. - Due Diligence Vendor-04/04/2025
  Waived-Client exception granted and in file, waiver applied with comp factors. (Non Mat-Lender approved exception with comp factors)  - Due Diligence Vendor-04/04/2025

Months Reserves exceed minimum required -  12.46 mths reserves; 2 mths required.

DSCR % greater than 1.20 - DSCR 1.239.  
Experienced Investor with 4 Investment properties and a primary. Borrower has 23 years clean credit. No derogatory,6yrs of clean mortgage re-payment. ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
834468   C A C A A A A A Closed xxxxxx 2025-04-04 14:16 2025-04-08 06:46 Resolved 1 - Information C A Credit Eligibility Short Term Rental Income does not meet guidelines Resolved-Guidelines allow for the use of a Short term rental rent schedule, which was provided. - Due Diligence Vendor-04/08/2025
Open-Provide the required 12 months payment history since its  cashout and xxxxxx. Rents for the look back period must be documented with either 12-monthly statements or an annual statement provided by the on-line service. The Agreements provide are not a source of the 12 months of payments. - Due Diligence Vendor-04/04/2025
  Resolved-Guidelines allow for the use of a Short term rental rent schedule, which was provided. - Due Diligence Vendor-04/08/2025

LTV is less than guideline maximum - LTV 43.14% is lower than maximum 75%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 771 is higher than the required 660
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other N/A N/A xxxxxx
834765   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
834766   B B A A B B A A Closed xxxxxx 2025-04-02 11:32 2025-04-02 11:32 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-04/02/2025   Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-04/02/2025

LTV is less than guideline maximum - Max LTV 85%/ Subject LTV 75%

Qualifying FICO score is at least 20 points above minimum for program - Min FICO 700 / Borrower FICO 791
  QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxxx xxxxxx Primary Residence Purchase NA Investor Post-Close No xxxxxx
834767   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
834896   C B C B A A A A Closed xxxxxx 2025-04-09 10:46 2025-04-09 12:26 Waived 2 - Non-Material C B Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client allowed - Due Diligence Vendor-04/09/2025

Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Exception for forbearance on mortgage (natural disaster) - Due Diligence Vendor-04/09/2025
  Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client allowed - Due Diligence Vendor-04/09/2025

LTV is less than guideline maximum - 79.13% LTV is less than 85% guideline max

Months Reserves exceed minimum required - 63 months reserves exceed 6 month minimum
- 12 months reserves > guidelines
- 100 pts > guidelines
- residual income 2x > guidelines
- 6 years on job
- 2years at present address
- 0x30x24 mtg history
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
834898   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
834899   C B C B A A A A Closed xxxxxx 2025-04-04 22:44 2025-04-07 14:32 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Client exception granted and in file, waiver applied with comp factors.  (Non Mat-Lender approved exception with comp factors)  - Due Diligence Vendor-04/07/2025

Open-Audited LTV of 80% exceeds Guideline LTV of 75% SUBJECT SHORT-TERM RENTAL, MAX LTV ALLOWED 75%. LENDER EXCEPTION IN FILE.  - Due Diligence Vendor-04/05/2025
  Waived-Client exception granted and in file, waiver applied with comp factors.  (Non Mat-Lender approved exception with comp factors)  - Due Diligence Vendor-04/07/2025

Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 771. Per guides, minimum score required 680.

On time mortgage history exceeds guideline requirement - Borr 77mos 0x30 mortgage pay history. Per guides, minimum 36mos 0x30 mortgage/rental pay history.
LENDER COMP FACTOR: Borrower has long-established mortgage and credit history with no late
payments.
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
835139   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
835141   D A D A A A A A Closed xxxxxx 2025-04-09 14:22 2025-04-10 10:55 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Missing Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/10/2025

Open-Missing Hazard Insurance Policy - Due Diligence Vendor-04/09/2025
  Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/10/2025

LTV is less than guideline maximum - Borr LTV 69.66%. Per guides, maximum LTV 75%.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.00.  Per guides, minimum DSCR 0
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
835141   D A D A A A A A Closed xxxxxx 2025-04-09 14:55 2025-04-10 10:52 Resolved 1 - Information C A Credit Eligibility Florida Foreign National Affidavit is missing or incomplete Resolved-Foreign National affidavit on page 1 of the loan file. - Due Diligence Vendor-04/10/2025

Open-Florida Foreign National Affidavit is Missing or Incomplete.  MISSING FLORIDA FOREIGN NATIONAL AFFIDAVIT AND PART 3  - Due Diligence Vendor-04/09/2025
  Resolved-Foreign National affidavit on page 1 of the loan file. - Due Diligence Vendor-04/10/2025

LTV is less than guideline maximum - Borr LTV 69.66%. Per guides, maximum LTV 75%.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.00.  Per guides, minimum DSCR 0
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
835145   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
835146   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
835147   C A C A A A A A Closed xxxxxx 2025-04-09 09:53 2025-04-10 11:05 Resolved 1 - Information C A Credit Eligibility Florida Foreign National Affidavit is missing or incomplete Resolved-Florida Foreign National Affidavit is required on purchases only per guides. - Due Diligence Vendor-04/10/2025

Open--Missing Florida Foreign National Affidavit  - Due Diligence Vendor-04/09/2025
  Resolved-Florida Foreign National Affidavit is required on purchases only per guides. - Due Diligence Vendor-04/10/2025

Months Reserves exceed minimum required - 9.16mos reserves. Per guides, 6 reserves required.

LTV is less than guideline maximum - Borr LTV 32.65%. Per guides, maximum LTV 75%.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.065.  Per guides, minimum DSCR 0
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxxxxx
835164   C A C A A A A A Closed xxxxxx 2025-04-09 13:07 2025-04-11 10:46 Resolved 1 - Information C A Credit Eligibility Foreign National but ACH form is not in file Resolved-Received completed ACH - Due Diligence Vendor-04/11/2025

Ready for Review-Document Uploaded. Please see attached. - Buyer-04/10/2025

Open-Foreign National but the ACH form is Missing from file.  ACH form is incomplete.  Missing routing number
 - Due Diligence Vendor-04/09/2025
  Resolved-Received completed ACH - Due Diligence Vendor-04/11/2025

Months Reserves exceed minimum required - 18 mos reserves; 6 mos required

LTV is less than guideline maximum - Guide 75%, actual 69.77%.
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
835263   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
835447   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
835604   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
835696   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA      
835697   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance Cash Out - Other      
1000056999 xxxxxx D B D B D B A A Closed xxxxxx 2024-10-15 14:45 2024-12-13 13:34 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Personal Tax Returns Missing Resolved-Extension provided. - Due Diligence Vendor-12/13/2024
Ready for Review-Document Uploaded.  - Buyer-12/12/2024
Counter-2022 taxes provided.  Please provide the 2023 tax extension. - Due Diligence Vendor-10/24/2024
Ready for Review-Document Uploaded. Proof of filing is contained on both the business tax returns and the personal tax returns. (see attached) - Seller-10/23/2024
Open-Missing 2023 tax returns or evidence, extenson was filed and granted. - Due Diligence Vendor-10/15/2024
Ready for Review-Document Uploaded. Proof of filing is contained on both the business tax returns and the personal tax returns. (see attached) - Seller-10/23/2024

Resolved-Extension provided. - Due Diligence Vendor-12/13/2024

CLTV is less than guidelines maximum - 65.28% cltv.  75% maximum.

Months Reserves exceed minimum required - 24 months reserves, 0 required.
  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
1000056999 xxxxxx D B D B D B A A Closed xxxxxx 2024-10-15 11:56 2024-12-13 13:33 Resolved 1 - Information D A Credit Missing Doc Missing evidence tax return extension was filed. Resolved-Extension provided. - Due Diligence Vendor-12/13/2024
Ready for Review-Document Uploaded.  - Buyer-12/12/2024
Counter-Please provide extension for the person taxes and xxxxxx. - Due Diligence Vendor-10/24/2024
Ready for Review-- xxxxxx reflects tax year xxxxxx (there isn’t a new year tax return due as of 9/16/24 fund date),  - Buyer-10/23/2024
Open- Provide a copy of filed extension for 2023 1120-S and 1040 tax returns. - Due Diligence Vendor-10/15/2024
  Resolved-Extension provided. - Due Diligence Vendor-12/13/2024

CLTV is less than guidelines maximum - 65.28% cltv.  75% maximum.

Months Reserves exceed minimum required - 24 months reserves, 0 required.
  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
1000056999 xxxxxx D B D B D B A A Closed xxxxxx 2024-09-30 11:19 2024-10-28 12:42 Cured 2 - Non-Material C B Compliance TRID Charges That In Total Cannot Increase More Than 10% Test Cured-Received PCCD xxxxxx, LOE, copy of refund of $20.20 and proof of delivery. - Due Diligence Vendor-10/28/2024
Ready for Review-Document Uploaded.  - Buyer-10/25/2024
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($425.00) exceed the comparable charges ($368.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Recording Fee) increased by $20.20 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $20.20, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-10/14/2024
  Cured-Received PCCD xxxxxx, LOE, copy of refund of $20.20 and proof of delivery. - Due Diligence Vendor-10/28/2024
CLTV is less than guidelines maximum - 65.28% cltv.  75% maximum.

Months Reserves exceed minimum required - 24 months reserves, 0 required.
  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
1000056999 xxxxxx D B D B D B A A Closed xxxxxx 2024-10-15 13:21 2024-10-28 11:00 Resolved 1 - Information C A Credit Borrower Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-10/28/2024
Ready for Review-Document Uploaded.  2nd mortgage was originated on xxxxxx and paid in full on xxxxxx.  No payment was due.  VOM, paid in full letter & bank statement showing proof of payment funds attached.   - Buyer-10/24/2024
Counter-xxxxxx - 1st lien payment history provided.  Please provide the 2nd lien payment history. Email was not attached. - Due Diligence Vendor-10/24/2024
Ready for Review-Document Uploaded. Property xxxxxx on the 1003/REO was documented through Note, Lender Pay History, and bank statements evidencing payments made (see attached) through 8/24. Primary 2nd mtg covered in xxxxxx email below - Buyer-10/23/2024
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Provide complete 12 month mortgage history for primary second lien and  property xxxxxx reflected on URLA..  Private ,mortgages require most recent 6 months alternative documentation.    - Due Diligence Vendor-10/15/2024
  Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-10/28/2024

CLTV is less than guidelines maximum - 65.28% cltv.  75% maximum.

Months Reserves exceed minimum required - 24 months reserves, 0 required.
  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
1000056999 xxxxxx D B D B D B A A Closed xxxxxx 2024-10-15 10:28 2024-10-21 14:33 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Property Title Issue Resolved - Final Title and proof paid provided. - Due Diligence Vendor-10/21/2024
Ready for Review-Document Uploaded.  - Seller-10/18/2024
Open-Property Title Issue Remove (paid) $xxxxxx.  lien on title dated xxxxxx.  Additional conditions may apply. - Due Diligence Vendor-10/15/2024
Ready for Review-Document Uploaded.  - Seller-10/18/2024

Resolved-Property Title Issue Resolved - Final Title and proof paid provided. - Due Diligence Vendor-10/21/2024

CLTV is less than guidelines maximum - 65.28% cltv.  75% maximum.

Months Reserves exceed minimum required - 24 months reserves, 0 required.
  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
1000056999 xxxxxx D B D B D B A A Closed xxxxxx 2024-09-30 11:19 2024-10-17 05:26 Resolved 1 - Information C A Compliance TRID Lender Credits That Cannot Decrease Test Resolved-Upon further review no additional documentation is needed or required. - Due Diligence Vendor-10/17/2024
Ready for Review-Document Uploaded. You are referring to the lender paid comp - which was changed to borrower paid as a benefit to the borrower.    there was never a lender credit.   - Buyer-10/15/2024
Open-This loan failed the lender credits that cannot decrease 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). The final sum of specific and non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($6,000.00). Please see the 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). -----Lender credit decreased from $6000 to $0.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $6000, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is xxxxxx.
 - Due Diligence Vendor-10/14/2024
  Resolved-Upon further review no additional documentation is needed or required. - Due Diligence Vendor-10/17/2024

CLTV is less than guidelines maximum - 65.28% cltv.  75% maximum.

Months Reserves exceed minimum required - 24 months reserves, 0 required.
  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
1000056999 xxxxxx D B D B D B A A Closed xxxxxx 2024-10-15 13:27 2024-10-17 05:20 Resolved 1 - Information D A Compliance Missing Doc Consumer Caution and Home Owner Counseling Notice is Missing Resolved-HOC received. - Due Diligence Vendor-10/17/2024

Ready for Review-Document Uploaded.  - Buyer-10/15/2024

Open-Consumer Caution and Home Owner Counseling Notice is Missing - Due Diligence Vendor-10/15/2024
  Resolved-HOC received. - Due Diligence Vendor-10/17/2024

CLTV is less than guidelines maximum - 65.28% cltv.  75% maximum.

Months Reserves exceed minimum required - 24 months reserves, 0 required.
  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
1000056999 xxxxxx D B D B D B A A Closed xxxxxx 2024-10-15 13:59 2024-10-15 17:25 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-10/15/2024

Open-Audited FICO of 660 is less than Guideline FICO of 680 Exception request for low score. - Due Diligence Vendor-10/15/2024
  Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-10/15/2024

CLTV is less than guidelines maximum - 65.28% cltv.  75% maximum.

Months Reserves exceed minimum required - 24 months reserves, 0 required.
Reserves $145,705.  Mortgage history 0x30x36.  10 years at address.  12 years on job. Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Investor Post-Close No xxxxxx
1000057891 xxxxxx D B D A B B A A Closed xxxxxx 2024-12-11 08:34 2025-02-10 09:41 Resolved 1 - Information C A Credit Eligibility Missing First Mtg Note Resolved-Received copy of the First Lien Note. - Due Diligence Vendor-02/10/2025

Ready for Review-Document Uploaded.  - Buyer-02/07/2025

Open-Copy of 1st lien Note required per guidelines  - Due Diligence Vendor-12/11/2024
  Resolved-Received copy of the First Lien Note. - Due Diligence Vendor-02/10/2025

Qualifying DTI below maximum allowed - Maximum DTI is 50%, subject loan is 8.15%

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 728
  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
1000057891 xxxxxx D B D A B B A A Closed xxxxxx 2024-12-11 07:50 2025-02-10 09:38 Resolved 1 - Information D A Credit Missing Doc Borrower 1 CPA Letter Missing Resolved-Received the CPA letter. - Due Diligence Vendor-02/10/2025

Ready for Review-Document Uploaded.  - Buyer-02/07/2025

Open-Borrower 1 CPA Letter Missing Missing 3rd party verification confirming borrowers ownership percentage of business.   - Due Diligence Vendor-12/11/2024
  Resolved-Received the CPA letter. - Due Diligence Vendor-02/10/2025

Qualifying DTI below maximum allowed - Maximum DTI is 50%, subject loan is 8.15%

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 728
  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
1000057891 xxxxxx D B D A B B A A Closed xxxxxx 2024-12-10 18:36 2025-02-10 09:38 Resolved 1 - Information D A Credit Missing Doc Borrower 1 3rd Party VOE Prior to Close Missing Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Loan file contains the required documents. - Due Diligence Vendor-12/13/2024
Ready for Review-2.7.5.3 EMPLOYMENT STATUS (xxxxxx)  included in credit package bank statement for company dated within 90 days of closing A business bank statement dated within 90 days of the Note date  xxxxxx bank statement dated September 30 2024  - Buyer-12/12/2024
Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-12/11/2024
  Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Loan file contains the required documents. - Due Diligence Vendor-12/13/2024

Qualifying DTI below maximum allowed - Maximum DTI is 50%, subject loan is 8.15%

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 728
  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
1000057891 xxxxxx D B D A B B A A Closed xxxxxx 2024-12-10 12:18 2024-12-10 12:18 Waived 2 - Non-Material B B Compliance Missing Doc Missing Required Affiliated Business Disclosure Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/10/2024   Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-12/10/2024

Qualifying DTI below maximum allowed - Maximum DTI is 50%, subject loan is 8.15%

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 728
  Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxxx xxxxxx Primary Residence Refinance Cash Out - Other Originator Post-Close No xxxxxx
1000057905 xxxxxx D B D B A A A A Closed xxxxxx 2025-04-16 09:42 2025-04-16 09:42 Resolved 1 - Information D A Credit Missing Doc Missing or Incomplete 1003 Resolved-Received - Due Diligence Vendor-04/16/2025

Open-Missing initial 1003 - Due Diligence Vendor-04/16/2025
  Resolved-Received - Due Diligence Vendor-04/16/2025

Months Reserves exceed minimum required - Minimum reserves is 6 months, Borrower have 10.96 months

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 806
  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA N/A N/A xxxxxx
1000057905 xxxxxx D B D B A A A A Closed xxxxxx 2025-01-03 20:27 2025-01-13 14:15 Waived 2 - Non-Material C B Credit Eligibility Product Type does not meet eligibility requirement(s) Waived-Client exception granted for for self-managing the subject property, waiver applied with compactors - Due Diligence Vendor-01/08/2025
Ready for Review-Document Uploaded.  - Buyer-01/06/2025
Open-EXCEPTION:
To allow for an experienced investor to self-manage the property thereby not incurring
any management fees.

Reduce qualifying rents by any management fee reflected on appraisal report. - Due Diligence Vendor-01/04/2025
  Waived-Client exception granted for for self-managing the subject property, waiver applied with compactors - Due Diligence Vendor-01/08/2025

Months Reserves exceed minimum required - Minimum reserves is 6 months, Borrower have 10.96 months

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 806
Reserves:  2 months> guidelines
FICO: 100 pts > guidelines
Yrs at pres address: 3
Mortgage History:  0x30/29 months
Locked with prepay - YES
Locked with escrows - YES
Investor Experience - 2+ Properties
ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
1000057905 xxxxxx D B D B A A A A Closed xxxxxx 2025-01-03 20:08 2025-01-13 14:08 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived--Client exception granted with comp factors. Waiver applied to non-material finding.  - Due Diligence Vendor-01/13/2025
Ready for Review-Exception for 78.125% LTV has been granted with valid compensating factors - Buyer-01/13/2025
Counter-Appraised value is xxxxxx. Sales price is xxxxxx.  Appraised value was used for the LTV calculation. Lender incorrectly used the higher Sales price.  - Due Diligence Vendor-01/08/2025
Ready for Review-Document Uploaded. There is counter offer in file containing the raised sales price. - Buyer-01/06/2025
Open-Audited LTV of 78.13% exceeds Guideline LTV of 75% Appraised value xxxxxx.  Lender used higher sales price - Due Diligence Vendor-01/04/2025
  Waived--Client exception granted with comp factors. Waiver applied to non-material finding.  - Due Diligence Vendor-01/13/2025

Months Reserves exceed minimum required - Minimum reserves is 6 months, Borrower have 10.96 months

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 806
Qualifying FICO score is at least 20 points above minimum requirement for program, Reserves exceed minimum required.  ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Purchase NA Investor Post-Close No xxxxxx
2000010993   A A A A A A A A             A A                 ATR/QM: Exempt ATR/QM: Exempt xxxxxx xxxxxx Investment Refinance No Cash Out - Borrower Initiated