EX-99.19 20 ex99-19.htm CA DUE DILIGENCE STANDARD REPORT

EXHIBIT 99.19

MFA Loan Number

Seller Loan Number

Originator

Last Name

Note Date

Original Balance

State

TPR QM ATR Status

Loan Status

Exception Date

Remediation Status

Exception ID

Exception Type

Exception Category

Exceptions

Exception Rebuttal

Exception Rebuttal Date

Exception Rebuttal Response

Exception Rebuttal Response Date

Compensating Factors

Initial Overall Loan Grade

Final Overall Loan Grade

Initial Exception Grade

Final Exception Grade

Initial Credit Grade

Final Credit Grade

Initial Property Valuation Grade

Final Property Valuation Grade

Initial Compliance Grade

Final Compliance Grade

Initial Overall Grade (DBRS)

Initial Credit Grade (DBRS)

Initial Property Valuation Grade (DBRS)

Initial Compliance Grade (DBRS)

Initial Overall Grade (Fitch)

Initial Credit Grade (Fitch)

Initial Property Valuation Grade (Fitch)

Initial Compliance Grade (Fitch)

Initial Overall Grade (KBRA)

Initial Credit Grade (KBRA)

Initial Property Valuation Grade (KBRA)

Initial Compliance Grade (KBRA)

Initial Overall Grade (Moody's)

Initial Credit Grade (Moody's)

Initial Property Valuation Grade (Moody's)

Initial Compliance Grade (Moody's)

Initial Overall Grade (S&P)

Initial Credit Grade (S&P)

Initial Property Valuation Grade (S&P)

Initial Compliance Grade (S&P)

Final Overall Grade (DBRS)

Final Credit Grade (DBRS)

Final Property Valuation Grade (DBRS)

Final Compliance Grade (DBRS)

Final Overall Grade (Fitch)

Final Credit Grade (Fitch)

Final Property Valuation Grade (Fitch)

Final Compliance Grade (Fitch)

Final Overall Grade (KBRA)

Final Credit Grade (KBRA)

Final Property Valuation Grade (KBRA)

Final Compliance Grade (KBRA)

Final Overall Grade (Moody's)

Final Credit Grade (Moody's)

Final Property Valuation Grade (Moody's)

Final Compliance Grade (Moody's)

Final Overall Grade (S&P)

Final Credit Grade (S&P)

Final Property Valuation Grade (S&P)

Final Compliance Grade (S&P)

50855

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2022

Acknowledged

2335

Credit

DSCR is less than guideline minimum

Qualifying DSCR of XXX is less than guideline minimum requirement of 1.00.; There is an approved exception for FICO at XXX and DSCR less than 1.00, LTV at XXX% however there are no compensating factors provided. Please provide compensating factors as to why exception approval is being granted.

Change status of 'DSCR is less than guideline minimum' from Active to Acknowledged by Client.; DSCR exception provided due to the compensating factors or 6 months reserves, years on job (XXX since XX/XX/XXXX), the borrower is currently a XXX at the same location for XXX months (prior XXX rented at same location for XXX years), demonstrated savings pattern with $XXX down payment, $XXX in reserves.

02/21/2022

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

50855

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/09/2022

Cleared

3602

Compliance

No Compliance Findings

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

02/09/2022

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

50855

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2022

Cleared

3605

Credit

Asset Documents are Incomplete

Asset Documents are Incomplete----- Business bank statements provided as assets. Guidelines require the borrower to have at least XXX% ownership in the business to use the statements. No documentation was provided to confirm percent ownership. The loan approval reflects a cleared condition for evidence of 100% ownership. There is a document in the file to show the borrower is the XXX.

Documentation shows borrower is XXX% owner, Exception cleared.

02/21/2022

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

50855

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2022

Cleared

2524

Credit

Signed 4506t is missing

Borrower 1 missing signed 4506t

Signed 4506t proviided.

02/21/2022

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

75306

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

10/05/2023

Cured Post Close

1419

Compliance

Right to Cancel Transaction Date is different from the Transaction Date

The right to cancel transaction date of XX/XX is different from the note date of XX/XX/XXXX

11/6/2023: Escalated to compliance for review.;
11/3/2023: Client provided cure docs;
11/3/2023 - Client provided Shipping Label;
10/12/2023 - Client Rebuttal - Right to Cancel Transaction Date is different from the Transaction Date The right to cancel transaction date of XX/XX/XXXX is different from the note date of XX/XX/XXXX.;
Audit review - The Borrower signed the Right to Cancel Form on 09/25/2023 and not 09/22/2023. There is no RTC in file dated 09/22/2023 signed by the borrower.

10/12/2023

11/08/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75306

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

10/05/2023

Cleared

3782

Property

No Property Findings

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

10/05/2023

75306

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

10/05/2023

Cleared

897

Credit

Underwriting CLTV exceeds Guideline Maximum Allowable

Underwriting CLTV of XXX is greater than the maximum allowable guideline CLTV of 75.00.

10/11/2023 Client rebuttal - Max LTV is XXX% per pg 2 of the matrix for AAA credit (XXX FICO) for an R/T refi for loan amounts less than $XXXM. The LTV bump was first effective on the XX/XX/XXXX matrix and we allow borrower’s to go up tothe upper LTV limit if they choose;
10/11/2023 Audit Review - Rate Sheet used per ULAW in file is XX/XX/XXXX and max LTV per ULAW is XXX%. A lender exception or updated ULAW reflecting XX/XX/XXXX rate sheet and max XXX% ltv is required.

10/11/2023

Original CLTV of XXX adheres to the guideline maximum CLTV of XXX. 10/17/2023: Clients rebuttal allowed to use the XXX rate sheet which permits up to XXX% LTV. Loan locked on XX/XX/XXXX

10/17/2023

75306

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

10/05/2023

Cleared

896

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XXX is greater than the maximum allowable guideline LTV of XXX based on a loan amount of XXXXXX and value used for LTV of XXX. XXX Matrix dated XX/XXX/XXXX reflects a rate/term refinance has a max LTV of XXX%.

10/11/2023

Original LTV of XXX adheres to the guideline maximum LTV of XXX. 10/17/2023: Clients rebuttal allowed to use the XXX rate sheet which permits up to XXX% LTV. Loan locked on XX/XX/XXXX

10/17/2023

75305

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

10/17/2023

Cleared

3602

Compliance

No Compliance Findings

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

10/17/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

75305

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

10/17/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

10/17/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

75305

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

10/17/2023

Cleared

3782

Property

No Property Findings

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

10/17/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.

75315

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/01/2023

Cleared

926

Credit

Title Policy is Partial

The file was missing evidence of the borrowing entity’s TIN/EIN. Per lender’s guidelines section 3.12 Borrowing Entities; Entity Documentation Requirements, an IRS Form SS4 or Federal Taxpayer Identification Number (“TIN”) or Employer Identification Number (“EIN”) issuance letter for the entity is required.

11/06/2023 - Lender submitted LLC docs

11/06/2023

Title policy is Present. EIN listed in XXX docs

11/06/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75315

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/01/2023

Acknowledged

896

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XXX is greater than the maximum allowable guideline LTV of XXX based on a loan amount of XXXXXXX and value used for LTV of XXX. Per lender’s XXX XXX Matrix XX/XX/XXXX, a DSCR between XXX-XXX requires a 10% reduction of LTV/CLTV, which would be XXX% for the subject loan. A lender exception was provided allowing LTV of XXX%. This condition will be considered non-material.

A lender exception was provided allowing LTV of XXX%.

11/01/2023

75315

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

10/31/2023

Cleared

3602

Compliance

No Compliance Findings

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

10/31/2023

75315

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/01/2023

Cleared

3782

Property

No Property Findings

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

11/01/2023

75315

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

10/31/2023

Cleared

2077

Credit

Fraud Report Missing

Fraud report Missing. Please provide a completed third party fraud report/tool for the borrower(s).

11/02/2023 - Fraud report uploaded by client

11/02/2023

Fraud report Present. No fraud issues.

11/02/2023

75302

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/03/2023

Acknowledged

3415

Credit

Loan amount is less than the minimum required loan amount

Loan amount of XXXXXX is less than the minimum required loan amount of XXXXXX. The XXX XXX Ratesheet & Matrix XX/XX/XXXX states the minimum loan amount is $XXXXXX.

An approved exception is in file to allow for loan amount less than $XXXXXX.

11/06/2023

Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75302

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/03/2023

Cleared

3602

Compliance

No Compliance Findings

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

11/03/2023

75302

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/03/2023

Cleared

3782

Property

No Property Findings

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

11/03/2023

75314

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/07/2023

Acknowledged

2578

Credit

Housing history does not meet guidelines

Housing history does not meet guidelines. Proof of XXX XXX mortgage payments were provided using a transaction history only, with no name on the printout. The Conditional Loan Approval states a complete full copy of XXX XXXX bank statement from XXX #XXX confirming who the account holder/holders are is required. Client to provide full bank statements for XXX XXX #XXX.

11/13/2023 - Ok per XXX to take pay history as-is showing XXX on top left, comp factors, XXX FICO, no mortgage lates, XX DSCR, borrower and XXX XXX on the lease agreements, subject in C3 overall good condition.

11/13/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75314

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/06/2023

Cleared

3602

Compliance

No Compliance Findings

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

11/06/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75314

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/07/2023

Cleared

932

Property

Origination Appraisal is Partial

The Conditional Loan Approval states the appraiser is to provide an AIR Cert since there is no AMC. However, the AIR Cert is not in file.

11/13/2023 - Client -AIR comments are on the 2nd page of the appraisal PDF, uploading for review.

11/13/2023

Origination appraisal is Present. Audit verified AIR cert is on the appraisal

11/13/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75312

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/06/2023

Cleared

3782

Property

No Property Findings

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

11/06/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75312

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/06/2023

Cleared

3602

Compliance

No Compliance Findings

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

11/06/2023

75312

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/06/2023

Cleared

3467

Credit

Minimum Trade Line Requirement Not Met

Borrower(s) have not met the minimum tradeline requirement per lender guidelines. The file does not contain any of the required documents to establish foreign credit. Per lender’s guidelines section 3.10 Foreign Nationals; Credit References. In order to comply with Anti-Money Laundering (“AML”) and Office of Foreign Asset Control (“OFAC”) requirements, one of the following will be required. A U.S. credit report with at least (2) trade lines with minimum age of two (2) years for one trade line; or an international credit report; or an original credit reference letter from an internationally known financial institution; or a bank statement documenting a foreign financial banking relationship for the past 60 days.

11/13/2023 - Per rebuttal, XXX accepts US Bank Statements as proof of credit. Audit reviewed assets submitted. ;
11/13/2023 - Client - Uploading Articles of Organization for XXX showing borrower as sole XXX along with two month’s worth of bank statements for this entity to satisfy the credit requirement for FN loans. US based account are also acceptable and preferred as they abide by the same federal AML/BSA laws.

11/13/2023

Borrower(s) have met the minimum tradeline requirement per lender guidelines.

11/13/2023

75298

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/10/2023

Acknowledged

894

Credit

Underwriting FICO does not meet Guideline Minimum Required

Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX. XXX Ratesheet & Matrix XXX reflects a minimum FICO of XXX allowed for cash-out refinance of investment.

An approved exception is in file to allow for FICO of XXX with max LTV of XXX%, CCC grade, and 1 point paid to XXXX.

11/13/2023

Borrower has more than X years at current residence - Borrower at current residence X.XX years

75298

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/10/2023

Acknowledged

3499

Credit

Unresolved derogatory credit

Borrower has unresolved derogatory credit. The borrower has a collection withXXX and XXX for $XXX and $XXX respectively. Neither account is XXX years or more since the date of last activity nor does either account appear to be medically related. The final HUD-1 settlement statement does not reflect payoff of these collections. Guideline section 4.7 Collections, Charge Offs, and Repossessions states collections and charge offs may remain unpaid subject to the following circumstances: Medical; or Two years or more since the date of last activity; or When credit report references an original creditor that differs from the current collection agency, the date last active on that original account reflects a date greater than two years ago.

Ok per XXX to waive these two collection accounts from being paid as they are no longer with the original credit provider and with a collection agency, comp factors, XXX% LTV, XXX+ months reserves after closing, subject in C2 condition having been recently remodeled with a desirable floor plan.

11/20/2023

Borrower has more than X years at current residence - Borrower at current residence X.XX years

75298

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/10/2023

Cleared

3602

Compliance

No Compliance Findings

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

11/10/2023

Borrower has more than X years at current residence - Borrower at current residence X.XX years

75298

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/10/2023

Cleared

3782

Property

No Property Findings

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

11/10/2023

Borrower has more than X years at current residence - Borrower at current residence X.XX years

75319

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/14/2023

Acknowledged

397

Credit

Note Document Indicator is Partial

The rate should be XXX%; however, the note reflects a rate of XXX%. The XXX Ratesheet & Matrix XXX states the rate is XXX%.

An approved exception is in file to allow for a rate of XXX%.

11/15/2023

75319

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/14/2023

Cleared

3602

Compliance

No Compliance Findings

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

11/14/2023

75319

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/14/2023

Cleared

3782

Property

No Property Findings

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

11/14/2023

75362

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/06/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more.; HPML with established escrows and appraisal requirements met.

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

12/06/2023

75362

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/06/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/06/2023

75362

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/06/2023

Cleared

3782

Property

No Property Findings

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

12/06/2023

75339

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/06/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/06/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75339

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/06/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/06/2023

75339

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/06/2023

Cleared

3782

Property

No Property Findings

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

12/06/2023

75365

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/07/2023

Cleared

1261

Credit

Borrower Income Verification does not match Approval

The borrower income verification does not match approval. The file included the borrower’s business bank statements for XXX which have numerous transfer deposits that were included for qualification. There was no further documentation provided to support which were not circular and/or determined to be business related income. Please provide additional support documentation to justify the use of transfer deposits. Per lender’s guidelines section IV. Income Documentation Programs; Alternative Documentation/Bank Statements; Twelve or Twenty-Four (12 or 24) Month Bank Statement Program. Income is determined by using the gross monthly amount of deposits. Where appropriate for the manner of the business, transfers into the account are also acceptable for qualification where not circular in nature.

12/18/2023 - cleared per XXX rebuttal. ;
12/18/2023 - Circular transfers are transfers in and back out to the same source, standard transfers in are allowable as part of the monthly gross deposits. If there are any withdrawals from the same specific account that also has deposits, the withdrawals will not be counted as income. There will be no external documentation as all of this information will be contained in each statement.

12/18/2023

The borrower income verification does match approval

12/18/2023

Borrower has stable job time - Borrower has X.XX years at job.

75365

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/07/2023

Acknowledged

1462

Credit

Liquid Reserves are less than Guidelines Required

The liquid reserves of XXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXX. Per lender’s XXX Ratesheet & Matrix dated XX/XX/XXXX, XXX months PITIA reserves are required for LTVs >XXX%, < XXX%. The borrower is short XXX months’ reserves, however, a lender exception was provided to allow XXX% LTV with no reserves. This condition will be considered non-material.

A lender exception was provided to allow XXX% LTV with no reserves.

12/07/2023

Borrower has stable job time - Borrower has X.XX years at job.

75365

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/06/2023

Acknowledged

2578

Credit

Housing history does not meet guidelines

Housing history does not meet guidelines. The VOR provided is from XX/XXXX to XX/XXXXX. Please provide a prior history to complete the full 12-month requirement. Per lender’s guidelines section 4.19 Verification of Rent Payments. A rental payment history covering the last twelve (12) months requires verification.

12/18/2023 - Ok per XXX to not have the full XXX month VOR, comp factors, XXX FICO, no history of reporting mortgage lates, XXX for 3+ years, subject in average-good condition having been fully remodeled in XXX.

12/18/2023

Borrower has stable job time - Borrower has X.XX years at job.

75365

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/06/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/06/2023

Borrower has stable job time - Borrower has X.XX years at job.

75365

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/07/2023

Cleared

3782

Property

No Property Findings

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

12/07/2023

Borrower has stable job time - Borrower has X.XX years at job.

75369

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/06/2023

Cleared

-97739

Compliance

XXX Rate Spread Home Loan Test

This loan failed the XXX rate spread home loan test.
( XXX GS §24-1.1F(a)(7) )
The loan is a rate spread home loan, as defined in the legislation. For more information please see the XXX Rate Spread Home Loan Article section of the full ComplianceAnalyzer report.

While the XXX Rate Spread Home Loan provisions specify that lenders can legally make this type of loan subject to certain conditions, some lenders and secondary market investors may prefer not to fund or buy rate spread home loans even if the additional conditions are met.; HPML with established escrows and met appraisal requirements

HPML Requirements Met

12/07/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75369

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/06/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

12/07/2023

75369

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/06/2023

Cleared

-96413

Compliance

XXX RSHL Average Prime Offer Rate APR Threshold Exceeded

This loan exceeded the average prime offer rate APR threshold.The difference between the greater of the disclosed APR and the calculated APR, and the average prime offer rate is greater than or equal to one of the following:The loan is a first lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more.All thresholds (Modified HMDA APR Threshold, Conventional Mortgage Rate APR Threshold, and Average Prime Offer Rate APR Threshold) must be met or exceeded in order for the loan to be a "rate spread home loan," subjecting the loan to rate spread home loan limitations.; HPML with established escrows and met appraisal requirements

HPML Requirements Met

12/07/2023

75369

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/07/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/07/2023

75369

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/07/2023

Cleared

3782

Property

No Property Findings

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

12/07/2023

75338

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/08/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75338

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/08/2023

75338

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2023

Cleared

3782

Property

No Property Findings

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

12/08/2023

75344

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/08/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75344

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/11/2023

75344

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2023

Cleared

3782

Property

No Property Findings

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

12/08/2023

75358

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/08/2023

Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75358

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/11/2023

Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75358

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2023

Cleared

3782

Property

No Property Findings

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

12/08/2023

Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75387

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/08/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75387

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/11/2023

75387

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

3782

Property

No Property Findings

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

12/11/2023

75352

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/09/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/09/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75352

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/11/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75352

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

3782

Property

No Property Findings

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

12/11/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75359

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/12/2023

Cleared

3500

Credit

Borrower residency documentation not provided or issue with documentation

Borrower residency documentation not provided or issue with documentation. The borrower's XXX card expired and the borrower approved under the ITIN program. Borrower's IRS ITIN documentation is not in the file. XXX to provide ITIN documents. Per Lender GLs 3.9 Individual Tax Identification Number ITIN Borrowers - XXX, where otherwise allowable under §3.4, would also be underwritten to this sub-section. Lender GLs 3.4 Eligible Borrowers - XXXs are borrower(s) (i) on a XXX or (ii) have a XXX and an unexpired XXX. They may be eligible for a loan with XXX on a case-by-case basis and based on the type of XXX and compensating factors.

12/15/2023 - An expired XXX card is acceptable under the ITIN program since it is a catch all for those with light residence documentation or expired documents or who otherwise do not qualify as an XXX with unexpired XXX and XXX card orXXX card. Borrower may have a regular XXX rather than ITIN on this program in the case of expired docs with an XXX.

12/15/2023

Borrower residency documentation has been provided and there are no issues with documentation.

12/15/2023

75359

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Acknowledged

871

Credit

Hazard Insurance Indicator is Partial

Hazard insurance deductible violation. Subject deductible is $XXX (1%) on $XXX coverage; which exceeds lender's GLs. Per Lender GLs 23.40 Hazard Insurance - The deductible clause may not exceed the lower of $5,000 or 2.5% of the amount of coverage. The deductible clause may apply to either fire or extended coverage or to both.

12/15/2023 - Ok per XXX for excessive hazard deductible, comp factors, XXX% LTV, only 1% of the face coverage amount, existing policy, XXX FICO, no negative credit at all, subject ion C2 condition having been built in XXX.

12/15/2023

75359

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Acknowledged

3416

Credit

Loan amount is greater than the maximum loan amount allowed per guidelines

Loan amount of $XXXXXX is greater than the maximum $XXX loan amount for ITIN. Per XXX Ratesheet/Matrix (XXX), Max Loan Amount for ITIN is $XXX.

Lender Approved Exception for $XXX loan amount exceeding $XXX on an ITIN loan.

12/11/2023

75359

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/09/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/09/2023

75359

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

3782

Property

No Property Findings

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

12/11/2023

75399

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/09/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/09/2023

75399

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/11/2023

75399

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

3782

Property

No Property Findings

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

12/11/2023

75444

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

651

Credit

Borrower Liabilities Verification Indicator is Partial

File is missing HOA fees for all of the REO's reflected on the 1003. XXX to provide HOA docs or proof that no HOA fees exist.

12/18/2023 - Audit Verified HOA for REOs. ;
12/18/2023 - Uploading property profiles for the properties showing XXX, along with proof of HOA dues for XXX and XXX and an updated 1003 REO and ULAW.

12/18/2023

Borrower liabilities verified indicator is Present

12/18/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

75444

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/09/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/09/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

75444

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Cleared

3782

Property

No Property Findings

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

12/11/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

75444

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/11/2023

Acknowledged

3843

Credit

Guideline Seasoning not Met

Borrower currently has seven open loans with XXX as confirmed in an internal email and XXX servicing on 1003/Mortgage Statements. The email discusses the approval of matching the pricing of the subject and a concurrent loan (#XXX) but no lender exception in file for exceeding four loans and an aggregate amount of $XXX to one borrower. XXX to confirm all conditions required in Section 3.18 have been met, as audit does not have access to Br's XXX other loans. Per Lender GL Section 3.18 XXX limits the number of open loans with the same borrower at any one time to a maximum of XXX (XXX) or an aggregate amount of $XXX, whichever is less for first mortgages only. If there are more than XXX (XXX) loans to one borrower: • One (1) loan must be on an owner-occupied principal residence. The appraisal may not include comparable sales from other properties owned by the borrower(s). • Adjoining properties or units in the same condominium complex are limited to a maximum of XXX (XXX) loans. • For multiple investment loans to one borrower, the borrower(s) should have demonstrated a history of successfully owning and managing investment properties for at least XXX (XXX) years. The loan file must include rental agreements and / or tax returns as required by the loan program or required at the discretion of the underwriter.

12/18/2023 - Ok per XXX for excessive loans and total loan exposure to a single borrower, comp factors, XXX FICO, no negative credit, substantial income, XXX for 4+ years, subject is in C3 good condition.

12/18/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

75373

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/11/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more.; HPML with established escrow and met appraisal requirements

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

12/13/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

75373

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/12/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/12/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

75373

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/12/2023

Cleared

3782

Property

No Property Findings

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

12/12/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

75385

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/11/2023

Cleared

-97739

Compliance

XXX Rate Spread Home Loan Test

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

12/13/2023

75385

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/11/2023

Cleared

-96413

Compliance

XXX RSHL Average Prime Offer Rate APR Threshold Exceeded

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

12/13/2023

75385

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/12/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/12/2023

75385

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/12/2023

Cleared

3782

Property

No Property Findings

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

12/12/2023

75407

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/12/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

HPML is compliant and allowed per lender guidelines.

12/13/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75407

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/13/2023

Acknowledged

1258

Credit

CoBorrower Employment Verification does not meet guidelines

B2 does not have a full XXX year employment history. WVOE indcates start date of XX/XX/XXXX, Subject closed XX/XX/XXXX. Per GL's Section 5.1: All borrowers should have XXX year history of receiving stable income from employment.

12/19/2023 - Ok per XXX for less than XXX years of employment for co-borrower, comp factors, XXX FICO for B1 and XXX FICO for B2, B2 only short of employment for XXX weeks, no negative credit reporting for either borrower, B1 XXX for XXX+ years, subject is a new build from XXX in C1 condition

12/19/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75407

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/13/2023

Cleared

3782

Property

No Property Findings

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

12/13/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75363

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/13/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/13/2023

75363

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/14/2023

75363

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3782

Property

No Property Findings

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

12/14/2023

75371

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/13/2023

Cleared

2077

Credit

Fraud Report Missing

Fraud report Missing. Provide fraud report for XXX and XXX.

12/29/2023 - no fraud issues;
12/29/2023 -client submitted fraud report for review

12/29/2023

Fraud report Present.

12/29/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75371

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/13/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/13/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75371

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3782

Property

No Property Findings

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

12/14/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75371

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

651

Credit

Borrower Liabilities Verification Indicator is Partial

Borrower liabilities verified indicator is Partial. The lease in file is not in the borrower's name as landlord. This lease and rental income were used to establish the loan DSCR. XXX to provide a lease in the BR's name or addendum to the lease showing XXX as new landlord. Per Lender GLs DSCR - XXX calculates the DSCR by dividing (a) the lesser of (i) annual in-place rent or (ii) market rent (reference §14.14) by (b) the sum of annual principal, interest, real estate taxes, property insurance, and homeowner’s / condominium association fees (collectively, “PITIA”). Subordinate financing, if applicable, would also be included in the denominator for the sake of this calculation.

12/26/2023 - Client submitted proof XXX is using agent company to rent subject. No issues with lease.

12/26/2023

Borrower liabilities verified indicator is Present

12/26/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75371

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3843

Credit

Guideline Seasoning not Met

Guideline seasoning requirement has not been met. There are numerous emails in the loan file indicating the XXX has XXX+ loans in process with up to $XXX in loans. Credit report and URLA do not reflect additional XXX loans at this time. XXX to confirm XXX has no additional open or concurrent loans at time of origination. XXX to confirm that borrower and loan meet all conditions per lender GL sections 3.18 Number of Loans to One Borrower.

12/29/2023 - Audit verified no other loans under MERS section of fraud report for LLC.;
12/29/2023 - Other REO’s are held in other entity names so they would not be on the REO section. Current entity is the XXX version and each had several loans.

12/29/2023

Guideline seasoning requirement met, exception resolved.

12/29/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75372

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3843

Credit

Guideline Seasoning not Met

Guideline seasoning requirement has not been met. Borrower liabilities verified indicator is Partial. The lease in file is not in the borrower's name as landlord. This lease and rental income were used to establish the loan DSCR. XXX to provide a lease in the XXX name or addendum to the lease showing XXX as new landlord. Per Lender GLs DSCR - XXX calculates the DSCR by dividing (a) the lesser of (i) annual in-place rent or (ii) market rent (reference §14.14) by (b) the sum of annual principal, interest, real estate taxes, property insurance, and homeowner’s / condominium association fees (collectively, “PITIA”). Subordinate financing, if applicable, would also be included in the denominator for the sake of this calculation.

12/26/2023 - Audit verified lease amount and landlord, no issues. ;
12/26/2023 - Client submitted updated lease agreement.

12/26/2023

Guideline seasoning requirement met, exception resolved.

12/26/2023

75372

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/13/2023

Cleared

2077

Credit

Fraud Report Missing

Fraud report Missing. Provide fraud report for XXX and XXX.

12/29/2023 - Other REO’s are held in other entity names so they would not be on the REO section. Current entity is the XXX version and each had several loans. Audit verified no fraud issues.;
12/26/2023 - Fraud report shows XXX has XXX additional loans with XXX, none listed as owner occupied. Client to verify all conditions have been met under lender GLs section 3.18 File is missing a lender exception for lender guideline 3.18 - Number of loans to one borrower. XXX limits the number of open loans with the same borrower at any one time to a maximum of XXX (XXX) or an aggregate amount of $XXX, whichever is less for first mortgages only. If there are more than XXX (XXX) loans to one borrower: • XXX (XXX) loan must be on an owner-occupied principal residence. The appraisal may not include comparable sales from other properties owned by the borrower(s).;
• Adjoining properties or units in the same condominium complex are limited to a maximum of XXX (XXX) loans. • For multiple investment loans to one borrower, the borrower(s) should have demonstrated a history of successfully owning and managing investment properties for at least XXX (XXX) years. The loan file must include rental agreements and / or tax returns as required by the loan program or required at the discretion of the underwriter.;
12/26/2023 - Fraud report submtted for review.

12/26/2023

Fraud report Present.

12/29/2023

75372

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/13/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/13/2023

75372

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3782

Property

No Property Findings

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

12/14/2023

75386

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Acknowledged

896

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

LTV of XXX% is greater than the maximum allowable guideline LTV of XXX% based on loan amount of $XXXXXX and value of $XXX. Per XXX Ratesheet (XXX): Max XXX% LTV with XXX FICO and XXX% reduction for loan amount < $XXX = XXX% maximum.

Approved Lender Exception for exceeding Max XXX% LTV with loan amount < $XXX. Actual LTV = XXX%. Compensating Factors: DSCR positive cash-flow / XXX FICO.

12/14/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75386

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/14/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75386

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3782

Property

No Property Findings

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

12/14/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75396

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/13/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/13/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75396

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/14/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75396

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3782

Property

No Property Findings

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

12/14/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75397

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

1257

Credit

Borrower Employment Verification does not meet guidelines

Per lender’s guidelines section 3 I Expiration of Credit/Collateral Documents. An applicant who is a wage earner with qualifying income requires a verbal verification of employment (“VVOE”) conducted by the Funding Department within ten (10) calendar days prior to “Closing” in wet states or “Signing” in dry states. The file is missing a VVOE within 10 calendar days of closing.

12/26/2023- Audit verified VOE dated XX/XX/XXXX, no issues;
12/26/2023 - Client submitted VOEfor XXX

12/26/2023

The exception 'Borrower Employment Verification does not meet guidelines' is cleared.

12/26/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75397

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Acknowledged

896

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XXX is greater than the maximum allowable guideline LTV of XXX based on a loan amount of XXXXXX and value used for LTV of XXX. Per the lender’s XXX Ratesheet & Matrix dated XX/XX/XXXX, the maximum LTV/CLTV for loan amounts less than $XXXis XXX% for a refinance transaction. The lender provided an exception to allow the subject loan LTV of XXX%. This exception will be considered non-material.

The lender provided an exception to allow the subject loan LTV of XXX%.

12/14/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75397

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/14/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75397

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3782

Property

No Property Findings

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

12/14/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75404

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/13/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/13/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75404

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/14/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/14/2023

75404

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/14/2023

Cleared

3782

Property

No Property Findings

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

12/14/2023

75433

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/14/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/14/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75433

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/15/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/15/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75433

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/15/2023

Cleared

3782

Property

No Property Findings

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

12/15/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75357

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/16/2023

Acknowledged

871

Credit

Hazard Insurance Indicator is Partial

Hazard insurance indicator is Partial. The borrower’s hazard insurance deductible is $XXX on a $XXX policy (combined coverages). Per Lender Guidelines 23.40 Hazard Insurance – The deductible clause may not exceed the lower of $XXX or XXX% of the amount of coverage. The deductible clause may apply to either fire or extended coverage or to both.

12/26/2023 - Ok per XXX for excessive hazard insurance deductible, comp factors, XXX% LTV purchase, no reported mortgage lates, XXX DSCR, borrower has an excess of funds in their 1031 Exchange account.

12/26/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75357

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/15/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/15/2023

75357

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/16/2023

Cleared

3782

Property

No Property Findings

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

12/16/2023

75364

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/15/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/15/2023

75364

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/16/2023

Cleared

3782

Property

No Property Findings

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

12/16/2023

75364

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/16/2023

Cleared

926

Credit

Title Policy is Partial

Title policy is Partial. The title commitment provided is vested in XXX, however, the borrower signed as an individual and final vesting was as an individual. The file does not contain any evidence of the borrower’s ownership or affiliation with XXX.

12/26/2023 - Audit verified XXX owner of XXX. Certificate of resolution signed by all owners provided. ;
12/26/2023 - Client submitted XXX docs.

12/26/2023

Title policy is Present

12/26/2023

75398

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/15/2023

Cleared

2077

Credit

Fraud Report Missing

Fraud report Missing. Please provide a completed third party fraud report/tool for the borrower.

12/19/2023 - fraud report reviewed and cleared by auditor;
12/19/2023 - Client provided fraud report.

12/19/2023

Fraud report Present.

12/19/2023

Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75398

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/15/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

12/18/2023

75398

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/17/2023

Acknowledged

1462

Credit

Liquid Reserves are less than Guidelines Required

The liquid reserves of XXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXX. Per lender’s XXX Ratesheet & Matrix dated XXX, XXX months PITIA reserves are required for LTVs >XXX%, < or equal to XXX%. The borrower is short XXX months’ reserves. A lender exception was provided to allow XXX% LTV with less than XXX months’ PITIA reserves. This condition will be considered non-material.

A lender exception was provided to allow XXX% LTV with less than XXX months’ PITIA reserves.

12/17/2023

75398

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/17/2023

Cleared

3782

Property

No Property Findings

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

12/17/2023

75430

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/15/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

12/17/2023

75430

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/16/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/16/2023

75430

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/16/2023

Cleared

3782

Property

No Property Findings

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

12/16/2023

75413

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/15/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

12/18/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75413

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/18/2023

Cleared

3782

Property

No Property Findings

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

12/18/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75413

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/18/2023

Cleared

2075

Property

Title Issues Present

The following issues were noted: Proposed Insured on the title is XXX and not XXX. Please provide title with XXX as proposed insured lender. Per Lender GLs 23.27 Preliminary Title Report/Title Commitment: The preliminary title report / title commitment must contain the following: Name of the proposed insured.

12/28/2023 - Client submitted updated title policy with XXX listed as proposed insured.

12/28/2023

The exception 'Title Issues Present' is cleared.

12/28/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75416

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/15/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/15/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75416

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/18/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/18/2023

75416

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/18/2023

Cleared

3782

Property

No Property Findings

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

12/18/2023

75427

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/15/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/15/2023

75427

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/17/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/17/2023

75427

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/17/2023

Cleared

3782

Property

No Property Findings

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

12/17/2023

75432

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/15/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/15/2023

75432

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/17/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/17/2023

75432

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/17/2023

Cleared

3782

Property

No Property Findings

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

12/17/2023

75392

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/15/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

12/18/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75392

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/18/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/18/2023

75392

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/18/2023

Cleared

3782

Property

No Property Findings

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

12/18/2023

75346

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/18/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/18/2023

75346

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/19/2023

75346

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

3782

Property

No Property Findings

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

12/19/2023

75378

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/18/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/18/2023

75378

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

3782

Property

No Property Findings

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

12/19/2023

75378

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

2077

Credit

Fraud Report Missing

Fraud report Missing.

12/21/2023 - Client submitted fraud report. Report cleared, no issues.

12/21/2023

Fraud report Present.

12/21/2023

75378

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

2571

Credit

Final Loan Application is Partial

The borrower's name on LLC documentation is Jose M Angel Tacha; however, identification documents provided reflect Jose Mauricio Angel Tacha. Guideline section 3.12 Borrowing Entities 2. Borrower/Guarantor Types D states names on the entity documents must match the identification; if the names do not match the identification exactly, a letter of explanation will be required to address the name discrepancy. This letter of explanation is not in the file.

12/27/2023 - Verified BR first and last name, no issues.;
12/27/2023 - Abbreviating their middle initial is not within the spirit of this guideline. XXX wants to make sure we havethe full last name, if it has more than a single last name as this scenario, along with any indications if they are a XXX. or XXX. The state of XXX SOS department shows XXX as the Member but also only lists the initial on page 1 so it looks as though the state is abbreviating it as well, which is still in the spirit of our guideline. Uploading the SOS doc for review.Thank you.

12/27/2023

Final Loan Application is Present

12/27/2023

75393

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/19/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

12/20/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75393

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/19/2023

Acknowledged

2578

Credit

Housing history does not meet guidelines

Housing history does not meet guidelines. A private VOR was provided; however, that is only acceptable for LTV's below XXX% Subject loan is XXX% based on $XXXXXX loan amount and $XXX purchase price. Section 4.19: A VOR can be accepted from a private party at XXX% or less. One of following must be provided, 12 months cancelled checks or 12 months bank statements to support the $XXX per month rent payment to XXX.

12/27/2023 - Ok per XXX to take a private VOR at XXX%, comp factors, XXX FICO, no negative credit items, XXX for XXX+ years, subject property in C3 good condition

12/27/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75393

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/19/2023

Cleared

3782

Property

No Property Findings

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

12/19/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75405

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/18/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/18/2023

75405

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

3782

Property

No Property Findings

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

12/19/2023

75405

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

2571

Credit

Final Loan Application is Partial

LLC documents reflect the borrower's name as XXX and co-borrower's name as XXX; however, identification for the borrower reflects XXX or XXX and for the co-borrower reflects XXX. Guideline section 3.12 Borrowing Entities 2. Borrower/Guarantor Types D. states names on the entity documents must match the identification; if the names do not match the identification exactly, a letter of explanation will be required to address the name discrepancy. A letter of explanation for either borrower is not in the file.

12/27/2023 - Audit verified XXX first and last name.;
12/27/2023 - The removal of a middle name or initial is not within the scope of the guideline. We are mainly looking for second last names, Sr. vs Jr. and other material differences. Thank you.

12/27/2023

Final Loan Application is Present

12/27/2023

75418

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

2571

Credit

Final Loan Application is Partial

Final Loan Application/1003 is missing the monthly PITI information for XXX.

12/27/2023 - Uploading payment amount for XXX per the initial 1003.Thank you

12/27/2023

Final Loan Application is Present

12/27/2023

75418

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Acknowledged

896

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XXX is greater than the maximum allowable guideline LTV of XXX based on a loan amount of XXXXXX and value used for LTV of XXX.00. $XXX. Per XXX XXX Ratesheet & Matrix XX/XX/XXXX the max LTV for a no ratio dscr purchase loan is XXX

12/27/2023 - Ok per XXX for No Ratio DSCR over XXX%, comp factors, XXX FICO, no negative credit items, X% down payment, borrower is a seasoned XXX, XXX+ months reserves after closing.

12/27/2023

75418

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Acknowledged

897

Credit

Underwriting CLTV exceeds Guideline Maximum Allowable

Underwriting CLTV of XXX is greater than the maximum allowable guideline CLTV of XXX. Per XXX XXX Ratesheet & Matrix XX/XX/XXXX the max LTV for a no ratio dscr purchase loan is XXX%.

12/27/2023 - Ok per XXX for No Ratio DSCR over XXX%, comp factors, XXX FICO, no negative credit items, XXX% down payment, borrower is a seasoned XXX, XXX+ months reserves after closing.

12/27/2023

75418

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/18/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/18/2023

75418

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

3782

Property

No Property Findings

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

12/19/2023

75422

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/18/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/18/2023

75422

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/19/2023

75422

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

3782

Property

No Property Findings

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

12/19/2023

75431

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/18/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/18/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75431

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/19/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75431

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/19/2023

Cleared

3782

Property

No Property Findings

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

12/19/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75440

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/19/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

12/21/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.

75440

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/20/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.

75440

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

3782

Property

No Property Findings

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

12/20/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.

75442

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/19/2023

Cleared

-96648

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.; HPMl with established escrow and met appraisal requirements

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

12/21/2023

75442

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Acknowledged

3436

Credit

Payment shock exceeds lender guidelines

Payment shock of XXX exceeds the lender guidelines tolerance for payment shock. Per lender’s guidelines section 3.13 First Time Home Buyer. XXX will consider loans for First Time Home Buyers (“FTHB”) provided they does not have, for a primary residence purchase, a payment shock of greater than three time (3x) that of their current rental payment. The borrower’s current rental payment is $XXX and the PITIA of the subject property is $XXX, resulting in a payment shock of XXX%. A lender exception was not found in the file.

12/28/2023 - Ok per XXX for excessive payment shock, comp factors, no rent late payments in almost XXX years, XXX for XXX+ years, borr has XXX+ months reserves after closing, subject property is C3 good overall condition

12/28/2023

75442

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

3782

Property

No Property Findings

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

12/20/2023

75442

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

1261

Credit

Borrower Income Verification does not match Approval

The borrower income verification does not match approval. Per lender’s guidelines section IV. Income Documentation Programs; Alternative Documentation/Bank Statements; Twelve or Twenty-Four (12 or 24) Month Bank Statement Program. Income is determined by using the gross monthly amount of deposits. Where appropriate for the manner of the business, transfers into the account are also acceptable for qualification where not circular in nature. The file included the borrower’s business bank statements for XXX, which have numerous transfer deposits that were included for qualification. There was no further documentation provided to support which were not circular and/or determined to be business related income. Please provide additional support documentation to justify the use of transfer deposits.

12/28/203 - Client accepts bank statements as is, no additional docs provided. ;
12/28/2023 - Client Rebuttal - The information needed is located solely in the bank statements themselves. If we see transfer deposits in from a specific account, we will exclude the amounts that are transferred back out to that same account. There is no external documentation.

12/28/2023

The borrower income verification does match approval

12/28/2023

75447

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

2571

Credit

Final Loan Application is Partial

Amount of rent paid at current residence (XXX) on Final Loan Application/1003 is incorrect. 1003 reflects $XXX; however, Lease Addendum and checks/bank statements support actual payment of $XXX.
Per Lender GL Section 4.19: checks must be consistent and match the amount of monthly rent reflected on the 1003.

12/29/2023 - Client submitted updated URLAs. Audit verified rent of $XXX/mo.

12/29/2023

Final Loan Application is Present

12/29/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75447

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/20/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75447

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

3782

Property

No Property Findings

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

12/20/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75451

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/20/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/20/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75451

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/20/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/20/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75451

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/20/2023

Cleared

3782

Property

No Property Findings

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

12/20/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75453

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/20/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/20/2023

Borrower has more than X years at current residence - Borrower at current residence X.XX years

75453

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/20/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/20/2023

Borrower has more than X years at current residence - Borrower at current residence X.XX years

75453

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/20/2023

Cleared

3782

Property

No Property Findings

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

12/20/2023

Borrower has more than X years at current residence - Borrower at current residence X.XX years

75455

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/20/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75455

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/20/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75455

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

3782

Property

No Property Findings

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

12/20/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75435

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/21/2023

75435

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/21/2023

75435

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

3782

Property

No Property Findings

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

12/21/2023

75445

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/21/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75445

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

3782

Property

No Property Findings

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

12/21/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75445

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

2571

Credit

Final Loan Application is Partial

Final Loan Application is Partial. Borrower is listed as a XXX on the final URLA, however documentation in the file shows XXX is on an XXX. Lender to verify XXX residency status and update URLA accordingly.

01/03/2024 - client submitted updated urla listing XXX as a XXX.

01/03/2024

Final Loan Application is Present

01/03/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75445

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

2110

Credit

Qualifying DTI exceeds Guideline Maximum Allowable

Qualifying DTI of XXX exceeds guideline maximum of XXX. Lender used $XXX for concurrent closing loan XXX #XXX, address XXX. Audit verified final PITIA is $XXX, using first payment letter from XXX loan file #XXX. Client to provide final PITIA documents for loan #XXX to document this loan.

01/03/2024 - Client submitted appraisal 1007 for $XXX, rental income for XXX to offset DTI. Updated DTI XXX% and within lender GLs. ;
01/03/2024 - Uploading copy of Note and Final Settlement statement for XXX to show PITIA. UW did use any rent credits which are able to be used. Uploading old lease agreement for $XXX and 1007 showing $XXX, updating 1003 REO section with correct PITIA and rent credits of $XXX, using the lower of the two figures. DTI still within limits

01/03/2024

Documentation provided to support Qualifying DTI below XXX.

01/03/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75445

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

2427

Credit

Fraud Report Shows Uncleared Alerts

Fraud report shows the following alerts that have not been cleared: The following REOs were found on the fraud report. These REOs were not included in the borrower’s PITIA calculation. Lender to provide all PITIA documentation or proof that XXX no longer owns these properties.
XXX - Owner on fraud is the Borrower as individual. No SiteX report in file.
XXX - Owner on fraud is the Borrower as individual. No SiteX report in file.
XXX – Fraud report shows XXX purchased this property XX/XX/XXXX. Settlement statement for sale of property in file is dated XX/XX/XXXX and is not signed. Audit is unable to confirm if property sold or is still owned by the XXX. No SiteX report in the file.
XXX - Owner on fraud is the XXX. No SiteX report in file.
XXX– Fraud report shows XXX purchased this property XX/XX/XXXX. Incomplete SiteX report provided.
XXX – Owner on fraud is XXX and the Borrower as individual. No SiteX report in file.
XXX - Owner on fraud is XXX and the Borrower as individual. Incomplete SiteX report provided.
XXX – Owner on SiteX report is XXX, mailing address is XXX primary address.

01/03/2024 - Client Rebuttal - XXX and XXX could not be verified with other online services as belonging to borrower, similar with SiteX not being able to validate. DataVerify REO info is either old or incorrect with these two properties (as with a couple other REOs above) and deemed to be unverifiable, therefore not considered. ;
01/03/2024 - Audit review. The following properties have been cleared. Based on property details reports provided, owners and sales dates show newer information vs fraud report in file.  ;
XXX - Owner on fraud is the Borrower as individual. No SiteX report in file.  01/03/2024 -  ;
XXX – Fraud report shows XXX purchased this property XX/XX/XXXX. Incomplete SiteX report provided.  ;
01/03/2024 - Client Rebuttal - Uploading SiteX reports for XXX, XXX, XXX (XXX), XXX, XXX (sold XX/XX/XXXX) and XXX showing properties are held in an entity name and not borrower’s personal name. ;
01/03/2024 - Audit review – the following properties have been cleared. ;
1409 Regent – Owner on fraud is XXX and the Borrower as individual. No SiteX report in file. 01/03/2024 - Cleared with sitex report showing XXX owns property. ;
XXX - Owner on fraud is XXX and the Borrower as individual. Incomplete SiteX report provided.  01/03/2024 -Cleared with sitex report showing XXX owns property. ;
XXX – Owner on SiteX report is XXX, mailing address is XXX primary address. 1/03/2024 - Cleared with sitex report showing XXX owns property. ;
XXX – Fraud report shows XXX purchased this property XX/XX/XXXX. Settlement statement for sale of property in file is dated XX/XX/XXXX and is not signed. Audit is unable to confirm if property sold or is still owned by the XXX.=01/03/2024 - Sold per SiteX report.   ;
XXX - Owner on fraud is the XXX. XX/XX/XXXXX - Cleared with sitex report showing XXX owns property. ;
XXX - Owner on fraud is the Borrower as individual. 1/03/2024 - Cleared with sitex report showing XXX owns property. ;
01/03/2024 - Client Rebuttal - Uploading SiteX reports for XXX, XXX, XXX (XXX), XXX, XXX (sold XX/XX/XXXX) and XXX showing properties are held in an entity name and not borrower’s personal name. XXXand XXX could not be verified with other online services as belonging to borrower, similar with SiteX not being able to validate. DataVerify REO info is either old or incorrect with these two properties (as with a couple other REOs above) and deemed to be unverifiable, therefore not considered

01/03/2024

Alerts from Fraud Report have been cleared.

01/03/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75446

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

2427

Credit

Fraud Report Shows Uncleared Alerts

Fraud report shows the following alerts that have not been cleared: The following REOs were found on the fraud report. These REOs were not included in the borrower’s PITIA calculation. Lender to provide all PITIA documentation or proof that BR no longer owns these properties.

XXX- Owner on fraud is the Borrower as individual. No SiteX report in file.
XXX - Owner on fraud is the Borrower as individual. No SiteX report in file.
XXX – Owner on fraud is the Borrower as individual. No SiteX report in file.
XXX – Fraud report shows BR purchased this property XX/XX/XXXX. Settlement statement for sale of property in file is dated XX/XX/XXXX and is not signed. Audit is unable to confirm if property sold or is still owned by the XXX. No SiteX report in the file.
XXX - Owner on fraud is the XXX. No SiteX report in file.
XXX – Fraud report shows XXX purchased this property XX/XX/XXXX. No SiteX report in file.
XXX– Owner on fraud is XXX and the Borrower as individual. No SiteX report in file.
XXX - Owner on fraud is XXX and the Borrower as individual. INo SiteX report in file.

1/8/2024 - All REO have been verified as sold or in LLC names and cleared using sitx or data property reports. ;
1/8/2024 - Uploading SiteX reports for XXX, XXX, XXX (XXX), XXX, XXX (sold XX/XX/XXXX);
and XXX showing properties are held in an entity name and not borrower’s personal name. XXX;
and XXX could not be verified with other online services as belonging to borrower, similar with SiteX;
not being able to validate. DataVerify REO info is either old or incorrect with these two properties (as with;
a couple other REOs above) and deemed to be unverifiable, therefore not considered.

01/08/2024

Alerts from Fraud Report have been cleared.

01/08/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75446

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

2110

Credit

Qualifying DTI exceeds Guideline Maximum Allowable

Qualifying DTI of XXX exceeds guideline maximum of XXX. Lender used $XXXfor concurrent closing loan XXX #XXX, address XXX. Audit verified final PITIA is $XXX, using first payment letter from XXX loan file #XXX. Client to provide final PITIA documents for loan #XXX to document this loan.

1/8/2024 - Uploading copy of Note and Final Settlement statement for XXX to show PITIA. UW did use any rent credits which are able to be used. Uploading old lease agreement for $XXX and XXX showing $XXX, updating 1003 REO section with correct PITIA and rent credits of $XXX, using the lower of the two figures. DTI still within limits.

01/08/2024

Documentation provided to support Qualifying DTI below XXX. Client submitted appraisal 1007 for $XXX, rental income for XXX to offset DTI.

01/08/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75446

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

2571

Credit

Final Loan Application is Partial

Final Loan Application is Partial. Final Loan Application is Partial. Borrower is listed as a XXX on the final URLA, however documentation in the file shows XXX is on an XXX. Lender to verify XXX residency status and update URLA accordingly.

01/08/2024 - client submitted updated urla listing XXX as a XXX.

01/08/2024

Final Loan Application is Not Applicable

01/08/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75446

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/21/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75446

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

3782

Property

No Property Findings

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

12/21/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75448

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/21/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.

75448

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/21/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.

75448

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/21/2023

Cleared

3782

Property

No Property Findings

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

12/21/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.

75454

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/21/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

12/22/2023

75454

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/21/2023

Acknowledged

2578

Credit

Housing history does not meet guidelines

Housing history does not meet guidelines. Borrower is living rent free in ex-spouse's house. No lender exception in file. Per lender GLs 4.16 Absence of Mortgage/Rental history - In the absence of a mortgage / rental rating covering the last twelve (12) months, the loan will be considered on a case-by-case basis

01/03/2024 - Ok per XXX for lack of a recent VOM/R, comp factors, lived at property for XXX+ years, XXX FICO, no previous mortgage lates with a history back to XXX, XXX for 15+ years.

01/03/2024

75454

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/21/2023

Cleared

3782

Property

No Property Findings

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

12/21/2023

75452

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

-97038

Compliance

XXX AB 260 Higher-Priced Mortgage Loan Test

This loan failed the XXX AB 260 higher-priced mortgage loan test. (XXX AB 260, XXX Financial Code Division 1.9 4995(a))
Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXX Financial Code.
While the XXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.; HPML with established escrow and met appraisal requirements

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

12/22/2023

Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75452

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

-96648

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.; HPML with established escrow and met appraisal requirements

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

12/22/2023

75452

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/21/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/21/2023

75452

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/21/2023

Cleared

3782

Property

No Property Findings

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

12/21/2023

75456

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/20/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

12/22/2023

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75456

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/21/2023

Acknowledged

2578

Credit

Housing history does not meet guidelines

Housing history does not meet guidelines. Per lender’s guidelines section 4.19 Verification of Rent Payments. A rental payment history covering the last twelve (12) months requires verification by; Verification of Rent (VOR) or a rating from credit reporting agency if from rental agency. A VOR can be accepted from a private party at LTVs of XXX% or less. The borrowers have been renting for the past XXX months and have a mortgage history prior. A credit supplement was provided with rental history, however, this is from a private party, and the subject loan’s LTV is XXX%. Please provide canceled checks/bank statements documenting the rent history for the prior XXX months.

01/03/2024 - Ok per XXX to accept credit supp VOR, comp factors, XXX FICO, no mortgage lates going back to XXX, XXX 20+ years, subject in C3 good condition having been recently updated.

01/03/2024

75456

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/21/2023

Cleared

3782

Property

No Property Findings

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

12/21/2023

75417

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/22/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75417

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3782

Property

No Property Findings

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

12/22/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75417

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

651

Credit

Borrower Liabilities Verification Indicator is Partial

The borrower is using $XXX of the HELOC already opened for closing funds needed. There is a HELOC statement in file; however it does not verify all the terms of the HELOC. Guideline section 8.12 Loan Secured by Borrower's Asset(s) states the terms of the debt must be verified by the institution or by a copy of the loan documentation. The closed loan package must contain a copy of the executed note reflecting the same terms as disclosed in the submission package.

01/03/2024 - loan is a DSCR, client does not require payment validation per rebuttal. ;
01/03/2024 - Client rebuttal - This guideline only applies when ATR is involved. Since this is a DSCR, we are only concerned with the subject property so any HELOC on a different property does not need it’s payment-validated

01/03/2024

Borrower liabilities verified indicator is Present

01/03/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

75423

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/22/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/22/2023

75423

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/22/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/22/2023

75423

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/22/2023

Cleared

3782

Property

No Property Findings

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

12/22/2023

75443

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/22/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

75443

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/22/2023

75443

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3782

Property

No Property Findings

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

12/22/2023

75449

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

651

Credit

Borrower Liabilities Verification Indicator is Partial

Missing proof that Primary residence XXX (XXX #XXX $XXX) is an escrowed payment. Neeed to support that T & I are included as indicated on Final 1003 and need proof no HOA associated with the property. Lender GL Section 6.7: If monthly payment for taxes/insurance are impounded, borrower must provide documenation verifying an impound account.

1/8/2024 - Client submitted mtg statement for primary residence verifying escrows are incldued in mtg payment. ;
1/3/2024 - file is missing mortgage statement for XXX showing Taxes and Insurance are escrowed into mortgage payment. Client to provide mortgage statement and/or HOIs to be included in PITIA. ;
01/03/2024 - client submitted sitex report showing no HOA.

01/03/2024

Borrower liabilities verified indicator is Present

01/08/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75449

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Acknowledged

1462

Credit

Liquid Reserves are less than Guidelines Required

The liquid reserves of XXX months or $XXX are less than the GuidelineMatrix minimum required of XXX months or $XXX. $XXX cash to close + $XXX EMD = $XXX required to close. $XXXin XXX #XXX Checking as of XX/XX/XXXX + verified $XXX EMD = $XXX - $XXX verified assets = $XXX/XXX months. ITIN Ratesheet/Matrix required six months reserves for LTV > XXX%. Subject loan = XXX% LTV.

01/03/2024 - Ok per XXX for reserves less than XXX months, comp factors, XXX FICO, less than $XXX off for the reserves, no negative credit reporting, XXX XXX+ years, subject property in C3 condition having been recently remodeled

01/03/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75449

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/22/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75449

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3782

Property

No Property Findings

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

12/22/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75457

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/22/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75457

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/22/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75457

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3782

Property

No Property Findings

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

12/22/2023

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

75458

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/22/2023

75458

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3782

Property

No Property Findings

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

12/22/2023

75458

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/22/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/22/2023

75296

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/23/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more.; HPML eith established escrow and met appraisal requirements

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

12/27/2023

75296

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/26/2023

Acknowledged

654

Credit

CoBorrower Liabilities Verified Indicator is Partial

Co-borrower does not have a credit score; however, their income contributed to the qualifying of the subject loan. No approved lender exception provided. That is a requirement of Lender GL Section 4.6 - Credit Score Determination: A co-borrower without scores or depth can be on the loan application should they contribute zero qualifying income to the file.

01/03/2024 - Ok per XXX to use income for B2 with no credit score, comp factors, borrower does have depth with 60+ months reporting for XXX previous mortgages 0x30, XXX 5+ years, subject is in C3 well maintained condition with some recent updating

01/03/2024

75296

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/26/2023

Cleared

3782

Property

No Property Findings

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

12/26/2023

75441

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/23/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

12/27/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75441

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/26/2023

Acknowledged

894

Credit

Underwriting FICO does not meet Guideline Minimum Required

Underwriting FICO of XXX is less than the minimum required guideline FICO of XXX. The credit report also reflects a XXX day late XX/XXXX. XXX Ratesheet & Matrix XXX reflects a minimum FICO of XXX, with maximum LTV/CLTV of XXX%. and for the bank statement program when FICO is less than XXX, the borrower's total liabilities must decrease in total month obligations with no 30 day mortgage lates in the most recent XXX months.

An approved exception is in file to allow for XXX score at XXX% LTV XXX% rate and an explanation was provided regarding the mortgage late.

12/26/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75441

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/26/2023

Cleared

3782

Property

No Property Findings

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

12/26/2023

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75450

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/23/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/23/2023

75450

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/26/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/26/2023

75450

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/26/2023

Cleared

3782

Property

No Property Findings

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

12/26/2023

76063

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/28/2023

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of June 1, 2013, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($726,200.00) and the APR exceeds the Average Prime Offer Rate (7.290%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($726,200.00) and the APR exceeds the Average Prime Offer Rate (7.290%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (7.290%) by 3.5% or more.; HPML with established escrows and met appraisal requirements

Change status of 'Higher-Priced Mortgage Loan' from Active to Cured Post Close.;
HPML is compliant and allowed per lender guidelines; therefore, downgraded to A. ; Change status of 'Higher-Priced Mortgage Loan' from Active to Cured Post Close.;
HPML is compliant and allowed per lender guidelines; therefore, downgraded to A. ; Change status of 'Higher-Priced Mortgage Loan' from Cured Post Close to Cleared.;
HPML is compliant and allowed per lender guidelines; therefore, downgraded to A. ; Change status of 'Higher-Priced Mortgage Loan' from Cured Post Close to Cleared.;
HPML is compliant and allowed per lender guidelines; therefore, downgraded to A. ; HPML is compliant and allowed per lender guidelines; therefore, downgraded to A.

02/08/2024

76063

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/28/2023

Cured Post Close

-96365

Compliance

Charges That In Total Cannot Increase More Than 10% Test

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% ($XXX) exceed the comparable charges ($XXX) 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).; The settlement statement provided shows the recording fees were only $XXX, however this was not enough to cure the tolerance exception. The amount of $XXX originally disclosed on LE set the tolerance , a 10% tolerance allowed is allowed which brings the maximum allowed to be charged without a cure to $XXX. The cure of $XXX provided on the PCCD was not sufficient since the fees increased $XXX. An additional cure of $XXX required or provide a valid COC for the increase in recording fees. ; TILA 130b cure required
Refund in the amount of $XXX
Cure Package requires a PCCD, LOE, Copy of refund check and proof of delivery OR valid COC.
The 10% tolerance violation is due to the increase in Mortgage Recording Fees from $XXX to $XXX on the initial CD XX/XX/XXXX. The lender cure of $XXX was already applied, however was not sufficient to cure. There was no COC found that explained why the fees increased

Change status of 'Charges That In Total Cannot Increase More Than 10% Test' from Active to Open Rebuttal.;
Settlement statement provided ; Change status of 'Charges That In Total Cannot Increase More Than 10% Test' from Open Rebuttal to Cured Post Close.;
02/08/2024 - PCCD, LOE, copy of check and proof of shipment provided with 60 days of discovery XX/XX/XXXX which downgrades the exception to a B

02/08/2024

76063

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/29/2023

Acknowledged

2578

Credit

Housing history does not meet guidelines

The file only verifies XXX months of housing history (XXX mortgage and XXX rent). Guideline section III. Mortgage/Rental Rating, Absence of Mortgage/Rental History states in the absence of a mortgage/rental rating covering the last twelve months, the loan will be considered on a case-by-case basis. The file does not contain an exception to allow for a housing history of less than 12 months.

1/5/2024 - Ok per XXX for less than full 12 month rating as they were previously living at the same address with no housing expense before they were added to title, comp factors, XXX FICO, no lates on previous mortgage, XXX XXX+ years, subject is a new build from XXX

01/05/2024

76063

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/29/2023

Cleared

3782

Property

No Property Findings

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

12/29/2023

76096

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/28/2023

Cleared

3602

Compliance

No Compliance Findings

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

12/28/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76096

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/29/2023

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/29/2023

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76096

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/29/2023

Cleared

3466

Property

Appraisal guideline violation

Appraisal guideline violation: File is missing proof of repairs completed per the purchase agreement. 1. HVAC Systems: a) replace cut copper suction lines on condenser unit(s); b) check/verify that all thermostats are operable; c) check/repair damaged duct(s) unit D bedroom specifically; d) replace/repair electrical supply for the condensing units; e) extend condensate discharge pipe. All by licensed HVAC Technician 2. Exterior: a) repair replace loose railings on decks; b) connect stair stringers at the top and/or bottom in a sufficient manner; Removed repairs to be done by a licensed contractor for the exterior section. 3. Repair/Replace Fire resistant material in the attic to provide fire separation between this unit and neighboring units was damaged or missing. Per Lender GLs 3.25 Seller Disclosure - Satisfactory proof of any repairs and / or corrections must be obtained and included in the loan file.

2/8/2024: Audit has reviewed and determined that we can clear with the consideration of the $XXX and the appraisal is "as is". ;
2/1/2024: Client providing rebuttal – Looking through appraisal exception for this file, I wanted to provide the following for consideration:;
;
1. Purchase contract Addendum dated XX/XX/XXXX:;
a. #4 indicates that the seller provided $XXX in lieu of remaining repairs as previously indicated in contract.;
;
2. The appraisal indicates recent updates <1 year and little to no deferred maintenance, with no indication of required repairs as referenced in the purchase contract. ;
;
It looks like that because of the above that there was no reason for a holdback or further need for repairs. ;
;
Can you let me know if this is sufficient to clear the exception;

02/08/2024

Appraisal guideline violation is now acceptable. 2/8/2024: Audit has reviewed and determined that we can clear with the consideration of the $XXX and the appraisal is "as is".

02/08/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76113

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/09/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

01/11/2024

76113

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/10/2024

Acknowledged

896

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

LTV of XXX% is greater than the maximum allowable guideline LTV of XXX% based on a loan amount of $XXX and value used for LTV of $XXX, per XXX Ratesheet & Matrix.

Approved Lender Exception for XXX% LTV with FICO < XXX. Comp Factor: Documented Rental History.

01/10/2024

76113

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/10/2024

Acknowledged

1462

Credit

Liquid Reserves are less than Guidelines Required

The liquid reserves of XXX months are less than the Guidelines minimum required of XXX for LTV >XXX%, per XXX Ratesheet & Matrix.

Approved Lender Exception for XXX months reserves with DTI < XXX%. Actual reserves are XXX months.

01/10/2024

76113

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/10/2024

Cleared

3782

Property

No Property Findings

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

01/10/2024

76092

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/11/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/11/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76092

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/11/2024

Cleared

3782

Property

No Property Findings

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

01/11/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76092

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/11/2024

Cleared

2578

Credit

Housing history does not meet guidelines

The credit report and XXX bank statement only verify XXX months mortgage history within the last 12 months. Guideline section 4.16 Absence of Mortgage/Rental History states in the absence of a mortgage/rental rating covering the last twelve months, the loan will be considered on a case-by-case basis. There is no approved exception in file.

1/22/2024 - audit verified payoff did not have any mtg payments due as of XX/XX/XXXX. Next payment due XX/XX/XXXX, payoff good through XX/XX/XXXX. Per payment history in file, XXX made XXX monthly payments on the loan. Condition cleared. ;
1/23/2024 - Client rebuttal - The loan being paid off was taken out XX/XX/XXXX, our loan funded XX/XXXX. The loan itself is seasoned for a full XXX months, with interest being paid in arrears, the full payoff of the loan cover a full 12 months. Borrower had made all of these payments and this satisfies out 12 month lookback.

01/23/2024

Housing delinquency meets guidelines.

01/23/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

75414

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/11/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/11/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75414

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/11/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/11/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

75414

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/11/2024

Cleared

3782

Property

No Property Findings

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

01/11/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76106

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/12/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/12/2024

76106

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/12/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/12/2024

76106

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/12/2024

Cleared

3782

Property

No Property Findings

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

01/12/2024

76104

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/15/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/15/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76104

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/15/2024

Cleared

3782

Property

No Property Findings

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

01/15/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76104

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/14/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of June 1, 2013, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more.; HPML with established escrow and met appraisal requirements

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

01/16/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76112

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/17/2024

Cleared

3782

Property

No Property Findings

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

01/17/2024

76112

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/17/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/17/2024

76112

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/17/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/17/2024

76062

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/19/2024

Acknowledged

2515

Credit

Note is not executed by all borrowers

No Personal Guarantor for subject loan, only an XXX as borrower (XXX) and entity (XXX). Required per Lender GL Section 3.12 Borrowing Entities - Subsection 3: Entity not allowed, loan must have Personal Guarantor.

Approved Lender Exception for No Personal Guarantor with stipulations of: Max XXX% LTV / Minimum XXX DSCR / XXX points XXX Origination Fee / XXX to sign the loan documents on behalf of the borrowing entity in XXX capacity as XXX of the company.

01/19/2024

76062

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/19/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/19/2024

76062

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/19/2024

Cleared

3782

Property

No Property Findings

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

01/19/2024

76174

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/19/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/19/2024

76174

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/19/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/19/2024

76174

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/19/2024

Cleared

3782

Property

No Property Findings

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

01/19/2024

76078

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/22/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more.; HPML with established escrow and met appraisal requirements

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

01/23/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76078

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/23/2024

Acknowledged

1261

Credit

Borrower Income Verification does not match Approval

The borrower income verification does not match approval - lender income expired.

Lender exception in file - Allowing 2 day extension for income doc expiration due to holiday

01/23/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76078

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/23/2024

Acknowledged

3466

Property

Appraisal guideline violation

Appraisal guideline violation: Subject property is a XXX unit property, with the borrower living in one unit. Per lender XXX Matrix dated XX/XX/XXXX, no multifamily properties allowed for the XXX Program.

1/29/2024: Acknowledged by client based on comp factors XXX%, LTV, XXX fico, no negative credit, significant reserves after closing, appraisal comps have a low average DOM. ; 1/29/2024: Acknowledged by client based on comp factors XXX%, LTV, XXX fico, no negative credit, significant reserves after closing, appraisal comps have a low average DOM. ;
1/29/2024: client providing an exception: ok per XXX for a XXX-unit on the XXX income program, comp factors XXX%, LTV, XXX fico, no negative credit, significant reserves after closing, appraisal comps have a low average DOM. Thank you.

01/29/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76078

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/23/2024

Cleared

2075

Property

Title Issues Present

The following issues were noted: Title exception #XXX judgement in the amount of $XXX was not paid off on the the final CD. There is a title supplement in the file stating #XXX was removed, however this judgement is listed on the XXX final URLA and loan approval. Client to provide final title policy showing no judgement on title.

1/29/2024: Client provided updated 1003 removing error and updated title supplement report showing #XXX & #XXX are eliminated, condition cleared. ;
1/29/2024: Client providing trailing docs: The 1003 erroneously had this item on it due to a system error. We are uploaded an updated 1003 with this item removed as it was not on credit. Uploading copy of title supplement showing this item as already been legally and factually removed from title.

01/29/2024

The exception 'Title Issues Present' is cleared. 1/29/2024: Client provided updated 1003 removing error and updated title supplement report showing #XXX & #XXX are eliminated, condition cleared.

01/29/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76098

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/22/2024

Cleared

3782

Property

No Property Findings

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

01/22/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76098

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/22/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/22/2024

76098

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/22/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/22/2024

76180

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/23/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/23/2024

Borrower has more than X years at current residence - Borrower at current residence XX.XX years

76180

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/24/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/24/2024

Borrower has more than X years at current residence - Borrower at current residence XX.XX years

76180

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/24/2024

Cleared

3782

Property

No Property Findings

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

01/24/2024

Borrower has more than X years at current residence - Borrower at current residence XX.XX years

76126

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/23/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

02/27/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76126

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/23/2024

Cured Post Close

-96365

Compliance

Charges That In Total Cannot Increase More Than 10% Test

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% ($XXX) exceed the comparable charges ($XXX) 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).; TILA 130b Cure Required.
Refund in the amount of $XXX,
Cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or valid COC.
The 10% Tolerance violation is due to the missing service provider list. All section C fees are included in the 10% tolerance violation due to missing the service provider list

Change status of 'Charges That In Total Cannot Increase More Than 10% Test' from Active to Open Rebuttal.;
Lender provided proof that disclosures were sent on XX/XX/XXXX;
;
2/5/2024 – Lender provided proof there were disclosures sent on XX/XX/XXXX, however the documentation provided did not include the actual disclosure and service provider list for re-testing. The file and documentation provided in rebuttal did not contain a service provider list to confirm the borrower had the option to shop. CA used the LE dated XX/XX and no service provider list for testing the 10% tolerance. All fee listed in section C of the CD are included in the 10% tolerance testing due to the missing service provider list, the exception remains. ; Change status of 'Charges That In Total Cannot Increase More Than 10% Test' from Open Rebuttal to Cured Post Close.;
2/27/2024 - PCCD, LOE, copy of check and proof of shipment provided with 60 days of discovery XX/XX/XXXX which downgrades the exception to a B

02/27/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76126

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/24/2024

Acknowledged

2571

Credit

Final Loan Application is Partial

Final Loan Application is Partial .URLA requires a 2 year housing history. Years at current residence is XXX. There is no former address listed on final URLA.

1/30/2024 - Ok per XXX for lacking a 2 year housing history and to allow multi-units on the XXX Income program, comp factors, XXX% LTV, no mortgage lates for entire history going back to XXX, XXX XXX+ years, $XXK in reserves after closing, subject located in a highly desirable area of XXX

01/30/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76126

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/24/2024

Acknowledged

3466

Property

Appraisal guideline violation

Appraisal guideline violation: Subject is a XXX unit property. XXX Ratesheet and Matrix dated XX/XX/XXXX states No multifamily properties allowed for the XXX Program.

1/30/2024 -"Ok per XXX for lacking a 2 year housing history and to allow multi-units on the XXXIncome program, comp factors, XXX% LTV, no mortgage lates for entire history going back to XXX, XXX XXX+ years, $XXX in reserves after
closing, subject located in a highly desirable area of XXX";

01/30/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76126

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/23/2024

Cleared

1224

Compliance

Homeownership Counseling Disclosure is Missing

The homeownership disclosure is Missing

2/5/2024 Client rebuttal - This is a refi, the homeownership toolkit is only required for purchase transactions.

02/05/2024

The homeownership disclosure is recieved.

02/05/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76124

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/25/2024

Acknowledged

1462

Credit

Liquid Reserves are less than Guidelines Required

The liquid reserves of XXX months or $XXX, are less than the Guidelines minimum required of XXX or $XXX. The XXX Ratesheet & Matrix XXX reflects XXX months reserves are required for LTVs greater than XXX% and less than XXX%.

1/31/2024 - Ok per XXX for less than XXX months reserves, comp factors, XXX FICO, no history of any mortgage lates going back to XXX, borrowers are XXX for XXX and XXX years in their respective businesses, subject property is in C3 condition and is a custom built home.

01/31/2024

Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76124

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/24/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/24/2024

76124

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/25/2024

Cleared

3782

Property

No Property Findings

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

01/25/2024

76124

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/25/2024

Cleared

2110

Credit

Qualifying DTI exceeds Guideline Maximum Allowable

Qualifying DTI of XXX exceeds guideline maximum of XXX. The audit income for the borrower of $XXX and $XXX for the co-borrower were considerably less than the lender income for the borrower of $XXX and $XXX for the co-borrower. Significant deposits were not excluded by the lender when considering the income for both borrowers. The XXX Ratesheet & Matrix XXX reflects a maximum DTI of XXX% is allowed.

Documentation provided to support Qualifying DTI below 50.00. 1/31/2024 - Audit verfieid income for BR and CR, updated BR income to include large deposit for Sept 2023. CBR income remains the same, as large deposits were not consistent. Final DTI is 44.47%.

01/31/2024

76124

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/25/2024

Cleared

3736

Property

Escrow Holdback Listed on Closing Statement

The following escrow holdback was listed on closing statement: ; The following escrow holdback was listed on closing statement: Post Closing Repairs of $XXX. Client to provide final inspection for all required repairs.

2/22/2024 - client submitted proof of repairs completed. ;
1/31/2024 - Client to provide final inspection for all required repairs.

01/31/2024

The exception 'Escrow Holdback Listed on Closing Statement' is cleared.

02/22/2024

76111

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/26/2024

Cleared

1261

Credit

Borrower Income Verification does not match Approval

The XXX XXX back statement for xXXX only has page 1 in file. Guideline section Twelve or Twenty-Four Month Bank Statement Program states as prescribed by the program, the latest months personal or business bank statements with all pages is required for all months.

1/31/2024 - XXX BS not required, file has updated XXX mo income review complete.;
1/31/2024 - Client rebuttal -The presence of the XXX XXX statement negates the need for the XXX XXX statement as it falls off and is not used in the calculation of income nor anything else in the file. Uploading full XXX XXX statement.

01/31/2024

The borrower income verification does match approval

01/31/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76111

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/24/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/24/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76111

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/26/2024

Cleared

3782

Property

No Property Findings

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

01/26/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76199

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/26/2024

Acknowledged

2335

Credit

DSCR is less than guideline minimum

Qualifying DSCR of XXX is less than guideline minimum requirement of XXX Lender's DSCR = XXX based on an estimated monthly Flood Insurance payment of $XXX. Actual Flood Ins payment, per the policy declaration, Closing Instructions, and Settlement Statement is $XXX. The $XXX increase is the reason for the DSCR variance.
Minimum XXX DSCR, per XXX Ratesheet & Matrix.

2/5/2024 - Ok per XXX for XXX DSCR treated as XXX, comp factors, XXX% LTV purchase, no negative public records, appraisal comps have low average DOM.

02/05/2024

76199

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/26/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/26/2024

76199

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/26/2024

Cleared

3782

Property

No Property Findings

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

01/26/2024

76166

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/26/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac (XXX) and the APR exceeds the Average Prime Offer Rate (XXX) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX) by 3.5% or more.; HPML with established escrow and met appraisal requirements

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

01/29/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76166

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/29/2024

Acknowledged

896

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XXX% is greater than the maximum allowable guideline LTV of XXX% based on a loan amount of $XXX and value used for LTV of $XXX. Per XXX Ratesheet, maximum XXX% for loan amount less than $XXX on a purchase transaction.

Approved Lender Exception for LTV at XXX% with Loan Amount less than $XXX.;
Compensating Factors: Decent LTV (10% lower than max allowed) / Six years of stable employment / XXX Pre-screened income.

01/29/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76166

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/29/2024

Cleared

3782

Property

No Property Findings

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

01/29/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76154

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/29/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/29/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76154

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/29/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/29/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76154

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/29/2024

Cleared

3782

Property

No Property Findings

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

01/29/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76110

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/29/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

01/30/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76110

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/30/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/30/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76110

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/30/2024

Cleared

3782

Property

No Property Findings

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

01/30/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76146

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/29/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX.00) and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more.; HPML with esstablished escrow and met appraisal requirements

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

01/30/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76146

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/29/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/29/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76146

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/29/2024

Cleared

3782

Property

No Property Findings

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

01/29/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76136

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/30/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more.; HPM Lwith established escrow and met appraisal requirements

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

01/31/2024

76136

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/31/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/31/2024

76136

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/31/2024

Cleared

3782

Property

No Property Findings

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

01/31/2024

76171

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/30/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

01/31/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76171

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/30/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/30/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76171

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/30/2024

Cleared

3782

Property

No Property Findings

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

01/30/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76172

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/30/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/30/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76172

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/31/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/31/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76172

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

01/31/2024

Cleared

3782

Property

No Property Findings

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

01/31/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76109

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/31/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/31/2024

76109

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/31/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/31/2024

76109

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/31/2024

Cleared

3782

Property

No Property Findings

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

01/31/2024

76170

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/31/2024

Cleared

3736

Property

Escrow Holdback Listed on Closing Statement

The following escrow holdback was listed on closing statement: XXX for skirting. Client to provide final inspection for escrow holdback repairs.

2/22/2024 - client submitted proof of repairs completed.

02/22/2024

The exception 'Escrow Holdback Listed on Closing Statement' is cleared.

02/22/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76170

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/31/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/31/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76170

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/31/2024

Acknowledged

3466

Property

Appraisal guideline violation

Appraisal guideline violation: Escrow holdback on final CD for property repairs.

Lender approved for XXX escrow holdback.

01/31/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76170

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/31/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/31/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has stable job time - Borrower has X.XX years at job.

76211

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/31/2024

Cleared

3602

Compliance

No Compliance Findings

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

01/31/2024

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of X.XX months or $XXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76211

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/31/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

01/31/2024

76211

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

01/31/2024

Cleared

3782

Property

No Property Findings

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

01/31/2024

76231

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/01/2024

Acknowledged

3467

Credit

Minimum Trade Line Requirement Not Met

Borrower(s) have not met the minimum tradeline requirement per lender guidelines. Loan was priced using XXX Score pricing, however Borrower has XXX FICO scores. There is no lender exception in the file for the Borrower's lack of creedit tradelines. BR has XXX tradeline on the credit report and a 24 mo VOR in file. Per Lender GLs 4.5 Minimum Credit Depth - For LTVs less than or equal to 65%, XXX (XXX) tradelines are required but only XXX (XXX) of the tradelines needs to be seasoned greater than XXX (XXX) years. XXX Senior Management has the discretion to determine the acceptability of a tradeline including use of a rental history.

Ok per XXX to grade as XXX/XXX with lacking trades since we do not have a light trade program, comp factors, XXX mid FICO with XXX scores reporting, XXX% LTV, purchase, XXX DSCR, subject is in C3 good;
condition. Thank you.

02/06/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76231

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/01/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/01/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76231

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/01/2024

Cleared

3782

Property

No Property Findings

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

02/01/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76116

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/01/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/01/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76116

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/01/2024

Cleared

3782

Property

No Property Findings

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

02/01/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76116

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/01/2024

Cleared

2571

Credit

Final Loan Application is Partial

Final Loan Application/1003 Section 2b is not complete. Missing the $XXX Gift.

Gift funds are located in the gift specific section of the 1003, XXX

02/08/2024

Final Loan Application is Present

02/08/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76116

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/01/2024

Cleared

1904

Credit

Hazard Insurance Coverage is Not Sufficient

Hazard Insurance coverage of $XXX is not sufficient. Loan amount is $XXX with the hazard insurance replacement coverage of No and Appraisal's Total Estimate of Cost New of $XXX.

2/8/2024 -Uploading email LOE from XXX clarifying that the policy has “Guaranteed 100% Replacement Cost Coverage.”

02/08/2024

Hazard insurance coverage is XXX, the subject loan amount is XXX with the hazard insurance replacement coverage of Yes and estimated replacement value of XXX.

02/08/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76175

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/01/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

02/02/2024

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower has stable job time - Borrower has X.XX years at job.

76175

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/01/2024

Acknowledged

2578

Credit

Housing history does not meet guidelines

Housing history does not meet guidelines. Borrower has no mtgs listed on credit report to show mtg history for previous address at XXX. Borrower renting from XXX-XXX per lease in the file. Lender only verified XXX months total lease payments, which were all payed at once per LOE in file and verified with a XXX Bank Statement. File does not contain a full XXX months of VOM/VOR. Per lender GLs 4.15 Determining Mortgage/Rental Rating - the mortgage / rental rating for determining the mortgage pricing is determined by evaluating the ratings for properties that the borrower owns and / or rents over the last twelve (12) months.

2/6/2024 - Ok per XXX for less than XXX months housing history as borrower was not on the loan for the home but rather XXX, comp factors, XXX FICO, XXX for XXX+ years, XXX+ months reserves after closing, subject in C3 condition less than XXX years old

02/06/2024

76175

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/01/2024

Cleared

3782

Property

No Property Findings

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

02/01/2024

76133

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Acknowledged

1263

Credit

Borrower Three Income Verification does not match Approval

The borrower three income verification does not match approval $XXXIRA Distributions - Audit unable to use this income. 1. Per Lender GLs 5.1 Continuance of Income and Employment History - All borrowers should have a two-year (2-year) history of receiving stable income from employment or from other sources such as alimony, child support, retirement, and pension. Any source of income that is not verifiable is not an acceptable source of income. There must be a reasonable expectation that the income will continue in the foreseeable future, and such income is sufficient for repaying the proposed monthly debts. 2. Per Lender GLs V. Income Documentation Chart - Retirement and Pension - 2 years continuance and All borrowers should have a two-year (2-year) history of receiving stable income from employment or from other sources such as alimony, child support, retirement, and pension. Any source of income that is not verifiable is not an acceptable source of income. There must be a reasonable expectation that the income will continue in the foreseeable future, and such income is sufficient for repaying the proposed monthly debts. 3. The last XXX for XXX distribution income is dated XX/XX/XXXX and has expired. Per Lender GLs Per lender GLs pg 23 Credit Expiration - 45 days from the statement ending date as of the date of funding (cannot use an online transaction history to update income).

Ok per XXX for 10 day expiration extension of assets and to use retirement assets for qualification. Comp factors, XXX FICO, XXX% LTV OO purchase, no history of mortgage lates going back to XXX, XXX XXX+ years, subject in C3 condition having been built in XXX.

02/08/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76133

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/01/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/01/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76133

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3782

Property

No Property Findings

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

02/02/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76133

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

2110

Credit

Qualifying DTI exceeds Guideline Maximum Allowable

Qualifying DTI of XXX exceeds guideline maximum of XXX. Lender quailifed XXX using $XXX monthly IRA distributions. 1. Per Lender GLs 5.1 Continuance of Income and Employment History - All borrowers should have a two-year (2-year) history of receiving stable income from employment or from other sources such as alimony, child support, retirement, and pension. Any source of income that is not verifiable is not an acceptable source of income. There must be a reasonable expectation that the income will continue in the foreseeable future, and such income is sufficient for repaying the proposed monthly debts. 2. Per Lender GLs V. Income Documentation Chart - Retirement and Pension - 2 years continuance and All borrowers should have a two-year (2-year) history of receiving stable income from employment or from other sources such as alimony, child support, retirement, and pension. Any source of income that is not verifiable is not an acceptable source of income. There must be a reasonable expectation that the income will continue in the foreseeable future, and such income is sufficient for repaying the proposed monthly debts. 3. The last BS for XXX distribution income is dated XX/XX/XXXX and has expired. Per Lender GLs Per lender GLs pg 23 Credit Expiration - 45 days from the statement ending date as of the date of funding (cannot use an online transaction history to update income).

2/8/2024 - Retirement income is specifically called out in the grid to only require proof of receipt rather than a 2 year history. XXX Lending will not make a person sit retired for 2 years before giving them this income. Sec 5.1 says should have a 2 year history and this is later cleared up via the grid where it specifically notes that retirement income just needs to be received, as evidenced by the award letter and XXX XXX statement showing the deposit from XXX, minus XXX% for taxes, both uploaded

02/08/2024

Documentation provided to support Qualifying DTI below XXX.

02/08/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76143

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

2571

Credit

Final Loan Application is Partial

Final Loan Application/1003 doesn't reflect the $XXX rental amount for XXX, to match the VOR provided.

Final Loan Application is Present. 2/6/2024 - client submitted updated urla. condition cleared. ;

02/06/2024

76143

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/01/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/01/2024

76143

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3782

Property

No Property Findings

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

02/02/2024

76135

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

02/05/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76135

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

-96413

Compliance

XXX Average Prime Offer Rate APR Threshold Exceeded

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

02/05/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76135

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/02/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76135

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3782

Property

No Property Findings

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

02/02/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76140

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/02/2024

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76140

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/02/2024

76140

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3782

Property

No Property Findings

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

02/02/2024

76145

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3782

Property

No Property Findings

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

02/02/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76145

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX) by 3.5% or more.; HPML with established escrow and met appraisal requirements

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

02/05/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76145

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/02/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76173

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

02/05/2024

76173

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/02/2024

76173

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3782

Property

No Property Findings

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

02/02/2024

76217

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/02/2024

76217

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/05/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/05/2024

76217

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/05/2024

Cleared

3782

Property

No Property Findings

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

02/05/2024

76235

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/02/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

02/05/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76235

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/05/2024

Acknowledged

3467

Credit

Minimum Trade Line Requirement Not Met

B2 does not meet the minimum tradeline requirements with only two (seasoned XXX and XXX months). Per Lender Guideline, for LTV = XXX%, XXX tradelines required but only one needs to be seasoned greater than two years.

Approved Lender Exception for B2 only having two tradelines.

02/05/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76235

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/05/2024

Cleared

3782

Property

No Property Findings

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

02/05/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76183

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/05/2024

76183

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/06/2024

76183

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Cleared

3782

Property

No Property Findings

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

02/06/2024

76191

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/05/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76191

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/05/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76191

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3782

Property

No Property Findings

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

02/05/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76222

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Acknowledged

2095

Credit

Insufficient cash to close.

Cash to close in the amount of XXX is greater than the available asset amount of XXX. Cash to close $XXX plus EMD $XXX plus 1% Variance allowed per lender GLs $XXX = total assets of $XXX. Funds short $XXX.

Ok per JJ for being <$XXX short on asset to close after variance, comp factors, XXX% purchase, XXX FICO, positive DSCR of XXX, subject in C3 overall good condition

02/12/2024

76222

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/05/2024

76222

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3782

Property

No Property Findings

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

02/05/2024

76223

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/05/2024

76223

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/05/2024

76223

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3782

Property

No Property Findings

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

02/05/2024

76230

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/05/2024

76230

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/05/2024

76230

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/05/2024

Cleared

3782

Property

No Property Findings

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

02/05/2024

76201

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Acknowledged

3605

Credit

Asset Documents are Incomplete

Asset Documents are Incomplete: 1. The borrower's final funds used to close the loan are not the funds that were sourced by the lender or funds listed on the final URLA. 2. The Borrower's foreign funds were not provided to the closing agent 3 days prior to closing. The Borrower's final check for closing funds in the amount of $XXX is on a XXX. The Borrower's assets in file are XXX using a XXX account held in XXX. Per Lender Gls 3.10 XXX: 1. Sufficient funds to close must be on deposit with the Escrow / Closing Agent at least three (3) business days (including Saturdays for this calculation) prior to any closing date. 2. A copy of the two (2) most recent statements of that account are required. If the funds are not seasoned a minimum of sixty (60) days, a letter of explanation is required along with the information to comprise a sixty (60) day chain of funds.

2/12/2024 - Ok per XXX to accept the XXX for closing funds as the borrower did have more than twice the funds to close under their own name at a different bank, comp factors, XXX% LTV purchase, positive DSCR at XXX, XXX+ months reserves after closing (after taking the funds to close from the XXX balance), subject is a;
new XXX build XXX

02/12/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76201

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Cleared

3782

Property

No Property Findings

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

02/06/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76201

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/06/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76213

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/06/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76213

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/06/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76213

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Cleared

3782

Property

No Property Findings

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

02/06/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76236

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/06/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76236

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/06/2024

76236

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/06/2024

Cleared

3782

Property

No Property Findings

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

02/06/2024

76219

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

2077

Credit

Fraud Report Missing

Missing Fraud Report. Required per Lender GL section 24.6

2/9/2024- client submitted fraud report for review

02/09/2024

Fraud report Present.

02/09/2024

76219

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/07/2024

76219

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3782

Property

No Property Findings

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

02/07/2024

76224

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/07/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76224

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/07/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76224

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3782

Property

No Property Findings

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

02/07/2024

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76226

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/07/2024

76226

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/07/2024

76226

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3782

Property

No Property Findings

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

02/07/2024

76241

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/07/2024

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.

76241

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/07/2024

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.

76241

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3782

Property

No Property Findings

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

02/07/2024

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.

76244

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Acknowledged

651

Credit

Borrower Liabilities Verification Indicator is Partial

Borrower liabilities verified indicator is Partial . Per Lender GLs Rental Income - If a XXX property is being purchased for investment, XXX% of market rents may be used to offset payment and inclusion in
calculation for qualifying income or liabilities.

Per Kyle- Ok to use XXX% of the market rents on a XXX purchase.

02/07/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76244

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/07/2024

Cleared

3782

Property

No Property Findings

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

02/07/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76242

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2024

Acknowledged

3467

Credit

Minimum Trade Line Requirement Not Met

No lender exception in file for borrower's lack of credit tradelines, with an LTV of XXX%. Only one tradeline on the credit report and no alternative tradelines provided. Per Lender GL Section 4.5 Minimum Credit Depth: Three acceptable tradelines aged individually for a minimum of two years is required for LTVs greater than XXX%.

Lender Exception in file for a One Score/No Score loan.

02/09/2024

76242

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/08/2024

76242

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2024

Cleared

3782

Property

No Property Findings

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

02/08/2024

76242

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2024

Cleared

2571

Credit

Final Loan Application is Partial

Final Loan Application/1003, Section 2a Assets, is missing the Financial Institution/Account Number information for XXX #XXX and #XXX.

2/14/2024 - condition cleared with updated 1003;
2/14/2024 - Uploading corrected 1003 assets section

02/14/2024

Final Loan Application is Present

02/14/2024

76181

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2024

Cleared

3466

Property

Appraisal guideline violation

Appraisal guideline violation: There is an LOE in file stating Borrower purchased XXX XX/XXXX and built the subject property. The lender approved the file using appraised value of $XXX. The file is missing a lender review of the cost of land/site plus cost of improvements. Per Lender GLs 3.45 Construction to Perm Financing: Land Ownership ≤12 months - The loan-to-value will be based on the on the lesser of the cost of land / site or a land value analysis from the appraiser, plus cost of the improvements or the Appraised value.

2/13/204- Audit verified previous owner was the XXX business from XX/XXXX.;
2/13/2024 - Client - Uploading XXX SOS info that previous owner, XXX, is also owned and managed by XXX and XXX. Appraisal correctly notes that the last actual transfer was to our borrower and/or XXX was XX/XX/XXXX. With land ownership being greater than 12 months, we are able to use appraisal value for this transaction. XXX Lending considers seasoning satisfied despite borrower’s LOE because if he were to get a loan to transfer to another of XXX or XXX, the transaction would only be considered a refinance.

02/13/2024

Appraisal guideline violation is now acceptable.

02/13/2024

Borrower has more than X years at current residence - Borrower at current residence XX.XX years

76181

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2024

Cleared

651

Credit

Borrower Liabilities Verification Indicator is Partial

Borrower liabilities verified indicator is Partial - Borrower has an additional loan with XXX not disclosed on this loan. Per XXX, borrower has XXX other closed loans with XXX. XXX loan # XXX is disclosed on the final URLA. Certificate of loans to one borrower is blank. XXX to provide data for XXX XXX loan. XXX to verify all conditions are met for the following lender GL, as audit does not have data on the other XXX XXX loans. Per Lender GLs 3.18 Number of Loans to one borrower - If there are more than XXX (XXX) loans to one borrower: • One (1) loan must be on an owner-occupied principal residence. The appraisal may not include comparable sales from other properties owned by the borrower(s). • Adjoining properties or units in the same condominium complex are limited to a maximum of XXX (XXX) loans. • For multiple investment loans to one borrower, the borrower(s) should have demonstrated a history of successfully owning and managing investment properties for at least two (2) years. The loan file must include rental agreements and / or tax returns as required by the loan program or required at the discretion of the underwriter.

2/13/2024 - Condition cleared due to XXX not having XXX+ loans with XXX.;
2/13/2024 - Client rebuttal - Other loan for borrower was cancelled out, it was a C/O refi for XXX that is owned free and clear

02/13/2024

Borrower liabilities verified indicator is Present

02/13/2024

Borrower has more than X years at current residence - Borrower at current residence XX.XX years

76181

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2024

Cleared

3843

Credit

Guideline Seasoning not Met

Guideline seasoning requirement has not been met. Borrower purchased XXX XX/XXXX and built the subject property, with a CO dated of XX/XX/XXXX. Subject transaction is cash out with the borrower receiving $XXX at closing. Per Lender GLs 3.45 Construction to Perm Financing: Land Ownership ≤12 months - Cash out is not allowed. The loan-to-value will be based on the on the lesser of the cost of land / site or a land value analysis from the appraiser, plus cost of the improvements or the Appraised value.

2/13/204- Audit verified previous owner was the XXX business from XX/XX/XXXX.;
2/13/2024 - Client - Uploading XXX SOS info that previous owner,XXX, is also owned and managed by XXX and XXX. Appraisal correctly notes that the last actual transfer was to our XXX and/or XXX was XX/XX/XXXX. With land ownership being greater than 12 months, we are able to use appraisal value for this transaction. XXX Lending considers seasoning satisfied despite borrower’s LOE because if XXX were to get a loan to transfer to another of his entities or XXX, the transaction would only be considered a refinance.

02/13/2024

Guideline seasoning requirement met, exception resolved.

02/13/2024

Borrower has more than X years at current residence - Borrower at current residence XX.XX years

76181

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/08/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/08/2024

Borrower has more than X years at current residence - Borrower at current residence XX.XX years

76227

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/08/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/08/2024

76227

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/08/2024

Cleared

3782

Property

No Property Findings

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

02/08/2024

76227

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/08/2024

Acknowledged

3812

Credit

Interested Party Contribution – Exceeds Guidelines

The Interested Party Contributions of XXX exceed 3.00allowable per guidelines. Per lender GLs 3.28 Max Contributions - Non-owner Occupied & Second Home Limited to recurring and NRCC only by seller. Max 3.0% regardless of LTV.

2/13/2024 - Ok per XXX for excessive sellers credit at XXX%, comp factors, XXX% LTV purchase, XXX FICO, full doc, XXX% DTI, new build from XXX.

02/13/2024

76240

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/08/2024

Acknowledged

896

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XXX% is greater than the max allowable guideline LTV of XXX% based on a loan amount of $XXXXXX and value of $XXX. Per XXX Ratesheet, max XXX% LTV for Owner Occupied Cash-Out with loan amount >$XXX and < $XXX.

Approved Lender Exception for XXX% LTV on a Cash-out Refi with loan amount of $XXX (max XXX% for loan amount >$XXX < $XXX).

02/08/2024

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Borrower X has significant job time - Borrower has X.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence X.XX years
; Borrower has stable job time - Borrower has X.XX years at job.

76240

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/08/2024

Acknowledged

3497

Credit

Cash to Borrower Exceeds Maximum Allowable

$XXX cash to borrower exceeds max allowable. Per XXX Ratesheet, max cash-in-hand is $XXX for loan amount > $XXX < $XXX with LTV exceeding XXX%.

Approved Lender Exception for Cash-out exceeding $XXX ($XXX c/o) with XXX% LYV, loan amount > $XXX < $XXX and LTV exceeding XXX%.

02/08/2024

76240

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/08/2024

Cleared

3782

Property

No Property Findings

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

02/08/2024

76240

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/08/2024

Cleared

1243

Compliance

Right to Cancel is Missing

Missing the Notice of Right to Cancel.

2/14/2024 - client submitted RTC form for review.

02/14/2024

The right to cancel is Present

02/14/2024

76238

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/08/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

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

02/09/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76238

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/08/2024

Acknowledged

1261

Credit

Borrower Income Verification does not match Approval

The borrower income verification does not match approval. BR does not have a full 12 months business bank statements verified.

XXX XXX okay to use 2 mo personal bank statements counting $XXX deposits/using prescreen XXX Income

02/08/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76238

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/08/2024

Cleared

3782

Property

No Property Findings

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

02/08/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower has more than X years at current residence - Borrower at current residence X.XX years

76066

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/10/2024

Acknowledged

3466

Property

Appraisal guideline violation

Appraisal guideline violation: 1 unit is being used as a XXX. Per lender GLs 9.1 Eligible property types: These property types are ineligible in the XXX program, but may be eligible under other XXX programs: XXX; Residential Use with Commercial Influence (Mixed Use).

Lender exception in file - XXX unit used as XXX business no conversion per XXX ok to proceed as is. No, not unless the borrower converted the bathrooms and kitchen over to a commercial type seng. Per the appraisal it all looks good so we can just treat as a regular residenal.

02/10/2024

76066

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/09/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/09/2024

76066

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

02/10/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/10/2024

76107

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/09/2024

Cleared

-96648

Compliance

Higher-Priced Mortgage Loan Test

This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.; HPML with established escrow and met appraisal requirements

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

02/12/2024

76107

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/10/2024

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

02/10/2024

76107

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/10/2024

Cleared

3782

Property

No Property Findings

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

02/10/2024

76082

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/12/2024

Cleared

-97739

Compliance

XXX Rate Spread Home Loan Test

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

02/13/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76082

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/12/2024

Cleared

-96658

Compliance

Higher-Priced Mortgage Loan

Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac ($XXX) and the APR exceeds the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more.; HPML with established escrow and met appraisal requirements

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

02/13/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76082

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/12/2024

Cleared

-96413

Compliance

XXX RSHL Average Prime Offer Rate APR Threshold Exceeded

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

02/13/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76082

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/12/2024

Acknowledged

1261

Credit

Borrower Income Verification does not match Approval

The borrower income verification does not match approval. File is missing a XXX W2.

XXX gave ok to waive XXX w2 and to move XXX paystub to post funding

02/12/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76082

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/12/2024

Cleared

3782

Property

No Property Findings

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

02/12/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76097

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/12/2024

Cleared

3602

Compliance

No Compliance Findings

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

02/12/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76097

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/12/2024

Cleared

3782

Property

No Property Findings

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

02/12/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

76097

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

02/10/2024

Cleared

2077

Credit

Fraud Report Missing

Fraud report Missing.

2/14/2024 - No issues on report. ;
2/14/2024 - client submitted fraud report

02/14/2024

Fraud report Present.

02/14/2024

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.
; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.
; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $X.XX.
; Borrower X has significant job time - Borrower has XX.XX years on job
; Borrower has more than X years at current residence - Borrower at current residence XX.XX years
; Borrower has stable job time - Borrower has XX.XX years at job.
; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

52785

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/13/2021

Cleared

3602

Compliance

No Compliance Findings

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

08/13/2021

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

52785

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/13/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

08/13/2021

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

54957

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/21/2021

Cleared

1261

Credit

Borrower Income Verification does not match Approval

The borrower income verification does not match approval. Missing documentation of insurance for XXX and mortgage statement for XXX. 08/28/21; Received insurance for XXX, still missing mortgage statement for XXX. ; The borrower income verification does not match approval. Missing insurance forXXXand mortgage statement for XXX.

The borrower income verification does match approval

08/28/2021

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years; Borrower has stable job time - Borrower has XX.XX years at job.

54957

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/21/2021

Cleared

3602

Compliance

No Compliance Findings

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

08/21/2021

54964

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/23/2021

Acknowledged

2587

Credit

Borrower Income Verification is less than 12 months

Borrower Income Verification of XXX is less than XXX months.; NIVA

08/23/2021

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.

54991

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

08/19/2021

Acknowledged

896

Credit

Underwriting LTV exceeds Guideline Maximum Allowable

Underwriting LTV of XXX% is greater than the maximum allowable guideline LTV of XXX% based on a loan amount of $XXXXXX and value used for LTV of $XXX. Comment on 1008 shows exception granted. No exception from found in file.

Change status of 'Underwriting LTV exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.; Approved exception for XXX% LTV/CLTV due to a XXX FICO. They are XXX points away from the necessary XXX FICO. Compensating factors: Excellent credit history, minimal use of consumer credit. Low DTI.

08/28/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years; Borrower has stable job time - Borrower has X.XX years at job.

54991

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

08/19/2021

Acknowledged

897

Credit

Underwriting CLTV exceeds Guideline Maximum Allowable

Underwriting CLTV of XXX% is greater than the maximum allowable guideline CLTV of XXX%.

Change status of 'Underwriting CLTV exceeds Guideline Maximum Allowable' from Active to Acknowledged by Client.; Approved exception for XXX% LTV/CLTV due to a XXX FICO. They are XXX points away from the necessary XXX FICO. Compensating factors: Excellent credit history, minimal use of consumer credit. Low DTI.

08/28/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years; Borrower has stable job time - Borrower has X.XX years at job.

54991

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

08/19/2021

Cleared

3602

Compliance

No Compliance Findings

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

08/19/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years; Borrower has stable job time - Borrower has X.XX years at job.

55028

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/25/2021

Cleared

3602

Compliance

No Compliance Findings

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

08/25/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

55028

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/25/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

08/25/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

55046

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/25/2021

Cleared

3602

Compliance

No Compliance Findings

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

08/25/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years

55046

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/30/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

08/30/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years

55069

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

08/26/2021

Cleared

3602

Compliance

No Compliance Findings

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

08/26/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.; Borrower X has significant job time - Borrower has X.XX years on job; Borrower has stable job time - Borrower has X.XX years at job.

55069

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

08/26/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

08/26/2021

60770

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/07/2021

Cleared

3602

Compliance

No Compliance Findings

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

12/08/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years

60770

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/08/2021

60781

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2021

Cleared

3602

Compliance

No Compliance Findings

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

12/08/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years

60781

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

12/08/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/08/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years

60824

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/10/2021

Cleared

3602

Compliance

No Compliance Findings

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

12/10/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has XX.XX years at job.; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

60824

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/10/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/10/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.; Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has XX.XX years at job.; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

60809

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/09/2021

Cleared

3602

Compliance

No Compliance Findings

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

The exception 'No Compliance Findings' is cleared.

12/09/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of XX.XX or $XXXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has more than X years at current residence - Borrower at current residence X.XX years; Borrower has stable job time - Borrower has XX.XX years at job.

60809

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/09/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.; The loan meets all applicable credit guidelines.

The exception 'No Credit Findings' is cleared.

12/09/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of XX.XX or $XXXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has more than X years at current residence - Borrower at current residence X.XX years; Borrower has stable job time - Borrower has XX.XX years at job.

60816

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/14/2021

Acknowledged

3466

Property

Appraisal guideline violation

Appraisal guideline violation: Property is zoned XXX and has XXX acres. Per guidelines, max loan amount is $XXX for properties with more than XXX acres.

Change status of 'Appraisal guideline violation' from Active to Acknowledged by Client.; Approved exception to allow XXX acres. Current guidlines only allow XXX acres max for loan amounts exceeding $XXX. Compensating factors: Excellect credit history, minimal user of consumer credit. Significant Residual Income. Excessive reserves.

12/20/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has XX.XX years at job.; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

60816

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/14/2021

Cured Post Close

3497

Credit

Cash to Borrower Exceeds Maximum Allowable

Cash to borrower exceeds maximum allowable. CD dated XX/XX/XXXX shows borrower recieved $XXX cash out. Guideline maximum amount to borrower is: $XXX.

Change status of 'Cash to Borrower Exceeds Maximum Allowable' from Cleared to Cured Post Close.; Received PCCD. Cash back is now within guidelines.

12/20/2021

Cash to borrower does not exceed maximum allowable.

12/20/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has XX.XX years at job.; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

60816

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/13/2021

Cleared

-96365

Compliance

Charges That In Total Cannot Increase More Than 10% Test

This loan passed 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 were in good faith according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($XXX) do not exceed the comparable charges ($XXX) 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).

12/20/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XX.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has XX.XX years at job.; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

50474

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

06/23/2021

Cleared

3603

Credit

No Credit Findings

06/23/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years

50474

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

05/17/2021

Cleared

3602

Compliance

No Compliance Findings

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

06/24/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years

60837

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

11/09/2021

Cleared

3602

Compliance

No Compliance Findings

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

11/09/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has stable job time - Borrower has XX.XX years at job.; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

60837

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

11/15/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

11/15/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has stable job time - Borrower has XX.XX years at job.; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

60811

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/02/2021

Cleared

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations.

This compliance test 'Consummation or Reimbursement Date Validation Test' is no longer tested

12/09/2021

60811

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/02/2021

Cleared

-96366

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.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).; Discount Pont increased from $XXX to $XXX on LE dated XX/XX/XXXX with no coc or reimbursement provided.

This loan passed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).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).

12/09/2021

60811

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

11/30/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

11/30/2021

60811

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/02/2021

Cleared

-96365

Compliance

Charges That In Total Cannot Increase More Than 10% Test

12/09/2021

60811

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/02/2021

Cleared

-96362

Compliance

Reimbursement Amount Test

This loan failed the reimbursement amount test. (12 CFR §1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation, and the creditor complies with §1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than 60 days after consummation.

This loan passed the reimbursement amount test. (12 CFR §1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances. However, the provided reimbursement amount of $XXX, is sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation, and the creditor complies with §1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than 60 days after consummation.

12/09/2021

60741

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/22/2021

Cleared

3602

Compliance

No Compliance Findings

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

11/22/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years

60741

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/22/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

11/22/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence X.XX years

60903

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/26/2021

Cleared

3602

Compliance

No Compliance Findings

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

11/26/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

60903

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

11/26/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

11/26/2021

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

60766

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/03/2021

Cleared

3602

Compliance

No Compliance Findings

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

12/03/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has stable job time - Borrower has XX.XX years at job.; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

60766

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

12/03/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

12/03/2021

Calculated DTI is Less than the Guideline Maximum - Calculated DTI of X.XX is less than the Guideline DTI of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has stable job time - Borrower has XX.XX years at job.; Borrower Years On Job Exceeds XX Years - Borrower Years On Job Exceeds XX Years

60908

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

QCInProgress

12/03/2021

Cleared

3472

Credit

Overdraft/NSF Count Exceeds Tolerance

Overdraft/NSF count exceeds tolerance. ; Overdraft/NSF count exceeds tolerance. Please provide bank statements reflecting balance of XXX.

Overdraft/NSF Count does not exceed tolerance. ; Overdraft/NSF Count does not exceed tolerance.

12/05/2021

60908

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

QCInProgress

12/05/2021

Cleared

3602

Compliance

No Compliance Findings

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

04/15/2022

57759

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

10/15/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

10/15/2021

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has X.XX years at job.

57759

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

10/12/2021

Cleared

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This compliance test 'Consummation or Reimbursement Date Validation Test' is no longer tested

10/29/2021

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has X.XX years at job.

57759

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

10/12/2021

Cleared

-96366

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.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).; 10/20/21; Received the Final CD dated XX/XX/XXXX again, whch does not address the exception commentary. ; Tolerance violation of $XXX due to the addition of the following fees on the initial CD XX/XX/XXXX without a valid COC: Recording $XXX, Sub Escrow $XXX, Courier $XXX and Endorsement fee $XXX.

10/29/2021

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has X.XX years at job.

57759

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

10/12/2021

Cleared

-96362

Compliance

Reimbursement Amount Test

10/29/2021

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has X.XX years at job.

56415

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

10/22/2021

Cleared

3602

Compliance

No Compliance Findings

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

10/22/2021

Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX.XX months or $XXXXXXX.XX, are greater than the Guideline Minimum of XX.XX or $XXXXXX.XX.; Borrower has more than X years at current residence - Borrower at current residence XX.XX years

56415

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

10/22/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

10/22/2021

57783

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

10/25/2021

Cleared

3602

Compliance

No Compliance Findings

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

10/25/2021

57783

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

10/25/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

10/25/2021

56351

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

10/01/2021

Cleared

3602

Compliance

No Compliance Findings

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

10/01/2021

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has XX.XX years at job.

56351

XXXXX

XXX

XXXXX

XX/XX/XXXX

XXXXXX

XXX

Non-QM: Lender documented all ATR UW factors

Closed

09/29/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

09/29/2021

Original LTV is Below the Guideline Maximum - Calculated LTV of XX.XX is less than Guideline LTV of XX.XX.; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XX.XX is less than Guideline CLTV of XX.XX.; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX. ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XX.XX months or $XXXXX.XX, are greater than the Guideline Minimum of X.XX or $XXXX.XX.; Borrower X has significant job time - Borrower has XX.XX years on job; Borrower has more than X years at current residence - Borrower at current residence XX.XX years; Borrower has stable job time - Borrower has XX.XX years at job.

52719

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/08/2021

Cleared

3602

Compliance

No Compliance Findings

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

08/08/2021

52719

XXXXX

XXX

XX/XX/XXXX

XXXXXX

XXX

ATR/QM: Exempt

Closed

08/08/2021

Cleared

3603

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

08/08/2021