EX-99.2 3 ex99-2.htm SITUSAMC EXCEPTION GRADES REPORT

 

 

NOMURA ASSET DEPOSITOR COMPANY LLC ABS-15G

Exhibit 99.2

 

                                                                                         
Exception Grades                                                                                      
Run Date - 3/13/2025 12:32:51 PM                                                                                          
SitusAMC Loan ID Customer Loan ID Seller Loan ID Investor Loan Number Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory 15E Category Exception Exception Detail Exception Information Compensating Factors Compensating Factor Information Applying Party Follow-up Comments Cleared Date Cured Date Waived Date Exception Level Grade DBRS Initial Exception Rating DBRS Final Exception Rating Fitch Initial Exception Rating Fitch Final Exception Rating Kroll Initial Exception Rating Kroll Final Exception Rating Moody's Initial Exception Rating Moody's Final Exception Rating S&P Initial Exception Rating S&P Final Exception Rating Note Date Property State Occupancy Purpose Exception Remediation Overall
Initial Loan Grade		 Overall
Final Loan Grade		 Credit
Initial Loan Grade		 Credit
Final Loan Grade		 Compliance
Initial Loan Grade		 Compliance
Final Loan Grade		 Property
Initial Loan Grade		 Property
Final Loan Grade		 Originator QM ATR Status TPR QM ATR Status Is Curable
221648545       31599156     Credit Missing Document General Missing Document Missing Document: HUD/CD (Initial Purchase) not provided   The prior closing statements for each property are needed to confirm the acquisition cost so adherence to the following guideline can be confirmed: If the origination date is within three (3) months of the subject property's acquisition date, the loan
amount for a cash-out refinance is capped at the lesser of:
o 75% loan-to-cost (LTC), OR
o 75% loan-to-value (LTV).		       Reviewer Comment (2024-09-27): Trailing acquisition closing statement confirms GLs met


Seller Comment (2024-09-26): Please see attached		 09/27/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
221765662       31195151     Credit Investment Product General Investment Product Total Property Loan Amounts does not equal the original loan amount. Total Property Loan Amounts: ___;    Original Loan Amount: ___ Loan file does not contain the allocated loan amount for each property.       Reviewer Comment (2024-08-08): Received Amendment of Security Instrument, Exception cleared


Seller Comment (2024-08-08): Comment from [REDACTED]  [REDACTED]: Amendment attached.		 08/08/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
221765662       31195157     Credit Credit Miscellaneous Credit Miscellaneous Credit (Non-Material):   Note, Loan Agreement, Mortgage, or Assignment of Rent does not contain (REMIC) language.       Reviewer Comment (2024-08-09): Received fully executed Addendum to the Security Instrument adding REMIC language.


Seller Comment (2024-08-08): Comment from [REDACTED][REDACTED]: Amendment attached.		 08/09/2024     1 B A B A B A B A B A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
221765662       31195243     Credit Document Error General Document Error Release Provisions/Amount was not provided and required by guidelines.   Per guidelines: Release Provision based on 120% of the allocated loan amount being released is required. Security Instrument and Loan Agreement do not include the 120% Release Provision.       Reviewer Comment (2024-08-08): Received Amendment of Security Instrument, Exception cleared


Seller Comment (2024-08-08): Comment from [REDACTED] [REDACTED]: Amendment attached.		 08/08/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
221819671       31467161     Credit Guideline Guideline Issue Guideline The Guarantor's Percent of Business Ownership does not meet guideline requirements. - % of Business Ownership: ___ The guidelines require the guarantor to own at least 51% of the borrowing entity.       Reviewer Comment (2024-08-29): Received amendment to Operating Agreement. Guarantor percentage of ownership is [REDACTED]


Seller Comment (2024-08-27): OA amendment		 08/29/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
221883250       31393822     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
221883263       31384882     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
221883336       31441074     Credit Credit Miscellaneous Guideline Credit Exception:   The Operating Agreement in file reflects that the Guarantor owns 51% while the Borrowing Authorization in file reflects that the Guarantor only owns 50%.       Reviewer Comment (2024-08-30): Updated BA aligns with OA


Seller Comment (2024-08-29): Uploaded corrected BA		 08/30/2024     1 C A C A C A C A C A   MO Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
221916791       31601466     Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided             09/26/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   C A C A     A A   N/A No
221916791       32849057     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.             02/26/2025     1   A   A   A   A   A   GA Investment Refinance - Rate/Term   C A C A     A A   N/A No
221917956       31453266     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided           Reviewer Comment (2024-08-29): Received W-9. Disregarded entity.


Seller Comment (2024-08-27): W9		 08/29/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
221917956       31453267     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided     Borrower has owned the subject property for at least [REDACTED] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-09-11): Waived and downgraded per client email/ sheet based on available compensating factors.


Buyer Comment (2024-09-11): ok to waive/downgrade with comp factors


Reviewer Comment (2024-08-29): Received COG and SOS listing. Missing Articles. Moved to buyer queue for approval and downgrade consideration.


Seller Comment (2024-08-27): COGS


Seller Comment (2024-08-27): SOS		     09/11/2024 2 C B C B C B C B C B     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
221919496       31593546     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2024-09-29): Included in TD


Seller Comment (2024-09-26): Additional statements attached		 09/29/2024     1 C A C A C A C A C A   WI Investment Purchase   C B C B     A A   N/A No
221919496       31593626     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2024-09-29): Included in TD.


Seller Comment (2024-09-26): Additional statements attached		 09/29/2024     1 C A C A C A C A C A   WI Investment Purchase   C B C B     A A   N/A No
221919496       31593734     Credit Guideline Guideline Issue Guideline Borrower is a first time home buyer and ineligible per guidelines. -   The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		 High DSCR Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2024-11-13): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-09-27): Moved to [REDACTED] for waiver and downgrade consideration.


Seller Comment (2024-09-26): please waive to buyers, high DSCR, [REDACTED] Fico		     11/13/2024 2 C B C B C B C B C B   WI Investment Purchase   C B C B     A A   N/A No
221919496       31593735     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. -         Reviewer Comment (2024-09-27): Included in TD.


Seller Comment (2024-09-26): Please see attached		 09/27/2024     1 C A C A C A C A C A   WI Investment Purchase   C B C B     A A   N/A No
221919496       31601398     Credit Credit Miscellaneous Guideline Credit Exception:   The borrower is a Foreign National.  Guidelines require a valid passport and VISA to enter the U.S.  VISA document is missing from the file. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		 High DSCR Aggregator,SitusAMC

SitusAMC		 Reviewer Comment (2024-11-13): Waived and downgraded per [REDACTED]  email / sheet.


Reviewer Comment (2024-09-29): Moved to [REDACTED] for waiver and downgrade consideration.  The trailing document is not a [REDACTED] and may not be used in place of a [REDACTED] per the document language.


Seller Comment (2024-09-27): [REDACTED] attached


Reviewer Comment (2024-09-27): Moved to [REDACTED] for waiver and downgrade consideration.


Seller Comment (2024-09-26): CV was comfortable with to proceed with the [REDACTED] attached.		     11/13/2024 2 C B C B C B C B C B   WI Investment Purchase   C B C B     A A   N/A No
221928075       31497987     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
221928151       31533354     Credit Credit Miscellaneous Guideline Credit Exception:   Credit Report in file is date more than 180 days from the application date ([REDACTED] credit report and [REDACTED] application date = XXX days). The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 High DSCR

High FICO		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2024-09-20): Waived and downgraded per [REDACTED] email/ sheet based on available compensating factors.


Reviewer Comment (2024-09-06): Please provide the complete [REDACTED] Experian credit report.


Seller Comment (2024-09-06): Uploaded proof of experian credit report ran on [REDACTED], within [REDACTED] days


Reviewer Comment (2024-09-05): There are [REDACTED] single repository reports in file (required per GLs).  One is dated [REDACTED] and one is dated [REDACTED].  The report dated [REDACTED] has expired.


Seller Comment (2024-09-05): Credit report ran on [REDACTED], [REDACTED]days from [REDACTED] is [REDACTED], app submitted [REDACTED]


Reviewer Comment (2024-09-04): [REDACTED]  used an online resource to calculate the [REDACTED]  of [REDACTED] between [REDACTED] and [REDACTED].  The result is as follows: It is [REDACTED]  days from the start date to the end date, but not including the end date.  Please advise if you wish to move to [REDACTED] for waiver and downgrade consideration based on high [REDACTED] and high [REDACTED]


Seller Comment (2024-09-04): Per our loan analyst "This ones dates are valid. It is [REDACTED] days from submission date with is [REDACTED] The report expires on [REDACTED]. Thank you!"


Reviewer Comment (2024-08-30): Trailing document is the UCDP and is not a credit report


Seller Comment (2024-08-29): Credit reports		     09/20/2024 2 C B C B C B C B C B   NY Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222019317       31580814     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___.   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Seasoned Borrower/Investor whose experience exceeds 10 completed projects.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-09-10): Credit exception approval based on [REDACTED] or more compensating factors meeting [REDACTED]  criteria.


Seller Comment (2024-09-10): Comment from [REDACTED]([REDACTED]): Exception		     09/10/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222032925       31613611     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2024-09-24): Received UCDP Report, Exception Cleared


Seller Comment (2024-09-24): Comment from [REDACTED] ([REDACTED]): UCDP attached showing Risk Score of [REDACTED]


Reviewer Comment (2024-09-20): Received another copy of primary valuation [REDACTED]. Missing [REDACTED] valuation required for securitization.


Seller Comment (2024-09-20): Comment from [REDACTED]([REDACTED].): Attached.


Reviewer Comment (2024-09-12): Received [REDACTED] however we required [REDACTED] Valuation, Exception remains.


Seller Comment (2024-09-12): Comment from [REDACTED]([REDACTED].): Attached.		 09/24/2024     1 D A D A D A D A D A   MS Investment Refinance - Cash-out - Other   D A A A     D A   N/A No
222032925       31613612     Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. -         Reviewer Comment (2024-09-12): Received [REDACTED], Exception cleared.


Seller Comment (2024-09-12): Comment from [REDACTED] ([REDACTED].): Attached.		 09/12/2024     1 C A C A C A C A C A   MS Investment Refinance - Cash-out - Other   D A A A     D A   N/A No
222033826       31613377     Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal. - Desk review reflects an effective date for the original appraisal of [REDACTED]while the original appraisal reflects an effective date of [REDACTED].       Reviewer Comment (2024-09-23): Corrected desk review included in trailing documents


Seller Comment (2024-09-19): Corrected DVR		 09/23/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     C A   N/A No
222033826       31622988     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   The file appears to be missing a document signed by all 3 members of the sub entity to authorize [REDACTED] to bind the entity and sign the note alone.       Reviewer Comment (2024-09-17): Received Corporate Resolution, exception cleared.


Seller Comment (2024-09-16): Entity Certificate		 09/17/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     C A   N/A No
222044225       31807588     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.           Reviewer Comment (2024-10-31): Updated policy included in TD.


Seller Comment (2024-10-29): We had it updated last minute.		 10/31/2024     1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
222044348       32019922     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. -   The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Low LTV

High FICO		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2024-11-04): Waived and downgraded per [REDACTED]Waiver Policy.


Seller Comment (2024-10-31): [REDACTED] not required anymore for [REDACTED], please waive to [REDACTED] queue.		     11/04/2024 2 C B C B C B C B C B     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222044348       32023072     Credit Credit Miscellaneous Guideline Credit Exception:   The borrower's name on both 1073 appraisals and both CDA valuations does not match the borrower's/Guarantor's name on the Note.       Reviewer Comment (2024-11-06): Corrected valuation included in TD.


Seller Comment (2024-11-05): Appraisal [REDACTED]


Seller Comment (2024-11-05): CDA [REDACTED]		 11/06/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222044348       32032152     Credit Credit Miscellaneous Guideline Credit Exception:   Trust Agreement for the sub entity [REDACTED] is missing Borrower has owned the subject property for at least [REDACTED] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Low LTV

High FICO		 SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2024-11-13): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-06): Moved to [REDACTED] for waiver and downgrade consideration based on low [REDACTED] and [REDACTED] FICO.  File includes a Certificate of Trust but not the actual Trust Agreement.


Seller Comment (2024-11-06): Per our guidelines we only require one of the [REDACTED] Please clear or waive


Reviewer Comment (2024-11-06): Certificate of Trust provided however the actual Trust agreement is still missing.  Please provide the complete trust document for the sub entity or advise if you wish to move this [REDACTED] for waiver and downgrade consideration.


Seller Comment (2024-11-04): Trust


Reviewer Comment (2024-11-04): The trailing document appears to be executed incorrectly as [REDACTED]  signed as trustee of the [REDACTED] Trust and [REDACTED] signed as trustee of the [REDACTED]Trust which does not seem to be correct.  Regardless, please provide the Trust Agreement for the sub entity [REDACTED]  Living Trust to confirm all trustees, etc. or advise if you wish to move to [REDACTED]  for waiver and downgrade of the exception for sub entity documentation.


Seller Comment (2024-11-04): Per the latest amended operating agreement, [REDACTED] is one of the managers so he signed as manager		     11/13/2024 2 C B C B C B C B C B     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222044348       32032163     Credit Guideline Guideline Issue Guideline The Guarantor's Percent of Business Ownership does not meet guideline requirements. - % of Business Ownership: ___ Guarantor only owns half of the sub entity that owns 62% of the borrowing entity.  31% ownership does not meet the CV guideline requirement that a Guaranty is required from the number of individuals needed to represent at least 51% ownership. Borrower has owned the subject property for at least [REDACTED] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Low LTV

High FICO		 SitusAMC

SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2024-11-13): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-04): Moved to [REDACTED]  for waiver and downgrade consideration.


Seller Comment (2024-10-31): CV granted exception please waive to [REDACTED] queue.		     11/13/2024 2 C B C B C B C B C B     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222051589       31638927     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy.           Reviewer Comment (2024-10-16): Received and updated to guidelines Effective [REDACTED].


Buyer Comment (2024-10-16): Comment from [REDACTED]([REDACTED]: Guides are uploaded to DA under archived added [REDACTED]


Reviewer Comment (2024-10-15): Moved to buyer queue. Guidelines uploaded to exceptions (effective [REDACTED]) are not available for TPR review. Please advise when guidelines have been loaded through DA so system can be updated and loans can be moved back into review.


Seller Comment (2024-10-15): Comment from [REDACTED] ([REDACTED]): Please see the guidelines dated [REDACTED] and review to these guidelines- thank you.


Reviewer Comment (2024-10-12): Credit exception approval with compensating factors required. Updated guidelines not in effect at time of loan closing. Guideline Effective Date [REDACTED], loan consummation date [REDACTED].


Buyer Comment (2024-10-11): Comment from [REDACTED][REDACTED]: Please see updated guidelines provided in Doc [REDACTED]and review to [REDACTED] [REDACTED] [REDACTED]


Reviewer Comment (2024-09-17): Per approval, loan was originated under [REDACTED]  [REDACTED]  and not [REDACTED] (from screenshot provided).


Seller Comment (2024-09-17): Comment from [REDACTED] ([REDACTED]): This appears to meet guidelines, see attached-		 10/16/2024     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222051589       31648918     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___.   Borrower has owned the subject property for at least [REDACTED] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-09-16): Credit exception approval based on[REDACTED]  or more compensating factors meeting client criteria.     09/16/2024 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222063643       31710816     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 - Note Date:  ___; Lien Position: ___
Note Date:  ___; Lien Position: ___		         Reviewer Comment (2024-09-23): Moved to [REDACTED] for waiver consideration of [REDACTED].       2 A A A A A A A A B B     Investment Refinance - Cash-out - Other   C B C B     B B   N/A No
222063643       31710830     Credit Credit Miscellaneous Guideline Credit Exception:   2 of the subject properties are rented out to (REDAACTED).  This represents a guideline violation.  Lender exception approval is in file. The representative FICO score exceeds the guideline minimum by at least 40 points. High FICO Aggregator,SitusAMC Reviewer Comment (2024-09-25): Waive and downgrade per [REDACTED]  email / sheet.


Reviewer Comment (2024-09-23): Moved to [REDACTED] for waiver and downgrade consideration.		     09/25/2024 2 C B C B C B C B C B     Investment Refinance - Cash-out - Other   C B C B     B B   N/A No
222076098       31723586     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-10-16): Received PDI in trailing documents.


Seller Comment (2024-10-15): Is there a status on this inspection?


Reviewer Comment (2024-10-04): Buyer to provide approval for order or seller to provide inspection


Seller Comment (2024-10-03): Is [REDACTED] ordering the PDI?		 10/16/2024     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222081369       31722165     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided   The provided Security Instrument for the subject property is incomplete as it is missing pages (REDACTED) which include the signature and notary pages. The other complete Security Instrument in file is complete, however, it is for a different property.       Reviewer Comment (2024-09-26): Signed [REDACTED] Received, Exception Cleared


Seller Comment (2024-09-26): Comment from A[REDACTED] ([REDACTED]): Attached.		 09/26/2024     1 D A D A D A D A D A   PA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222081369       31722220     Credit Loan Package Documentation Closing / Title Collateral Security Instrument is not signed by borrower(s).   The provided Security Instrument for the subject property is incomplete as it is missing pages (REDACTED) which include the signature and notary pages. The other complete Security Instrument in file is complete, however, it is for a different property.       Reviewer Comment (2024-09-26): Signed [REDACTED] Received, Exception Cleared


Seller Comment (2024-09-26): Comment from [REDACTED] ([REDACTED].): Attached.		 09/26/2024     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222084535       31735362     Credit Credit Miscellaneous Guideline Credit Exception:   The operating agreement in file is not executed.       Reviewer Comment (2024-09-26): Received in trailing documents.


Seller Comment (2024-09-25): Comment from [REDACTED] ([REDACTED].): Attached.		 09/26/2024     1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222084579       31734653     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed.           Reviewer Comment (2024-10-01): Received Hazard Insurance, Exception cleared.


Seller Comment (2024-10-01): Comment from [REDACTED]([REDACTED]): Please see EOI effective at loan closing. Loan is a refinance and policy expired on [REDACTED]		 10/01/2024     1 C A C A C A C A C A   AZ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222084579       31763388     Credit Credit Miscellaneous Guideline Credit Exception:   Discrepancy exists within the closing documents.  The note reflects that the borrowers are individuals and the security instrument reflects that the borrower is an entity.  The documents do not appear to align.       Reviewer Comment (2024-10-07): Allowed, individual signed note and vested in entity


Buyer Comment (2024-09-30): Comment from [REDACTED] ([REDACTED]): Vesting in [REDACTED] allowed per guidelines		 10/07/2024     1 C A C A C A C A C A   AZ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222096521       31739548     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222096560       31738250     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222099949       31739672     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___         Reviewer Comment (2024-10-01): Received Supplemental Report, exception cleared. 10/01/2024     1 A A A A A A A A A A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222099949       31765338     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete HUD-1 Missing Final HUD-1   The file contains an Estimated Settlement Statement only. The final Closing Statement/HUD/Closing Disclosure is missing.       Reviewer Comment (2024-10-07): received


Seller Comment (2024-10-02): Comment from [REDACTED] ([REDACTED]): final settlement stmt		 10/07/2024     1 D A D A D A D A D A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222099949       31765432     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2024-10-01): Received Supplemental Report, exception cleared.


Seller Comment (2024-09-30): Comment from [REDACTED] ([REDACTED]): Title Supplement		 10/01/2024     1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222112182       31766545     Credit Investment Product General Investment Product Total Property Loan Amounts does not equal the original loan amount.           Reviewer Comment (2024-10-21): Received Final Approval, exception cleared.


Seller Comment (2024-10-21): Comment from [REDACTED] ([REDACTED]): see attached correct schedule


Seller Comment (2024-10-21): Comment from [REDACTED] ([REDACTED]): Please see corrected schedule		 10/21/2024     1 C A C A C A C A C A     Investment Purchase   C A C A     A A   N/A No
222122610       31765658     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.         Reviewer Comment (2024-10-14): Exception can be cleared with updated commitment. Exception does not pertain to Final title.


Buyer Comment (2024-10-11): Comment from [REDACTED] ([REDACTED]): Final title policy will not be available until at least [REDACTED] days after closing.  Marked-up title commitment shows the coverage was updated to the correct amount at closing.


Reviewer Comment (2024-10-10): Marked up document provided. Updated commitment required to clear.


Seller Comment (2024-10-08): Comment from [REDACTED]([REDACTED]): Marked up Commitment attached		       2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222122610       31775080     Credit Credit Miscellaneous Guideline Credit Exception:   Background report shows [REDACTED] in (REDACTED) among other charges.  All details are not evident and [REDACTED] is unable to determine if there was a (REDACTED). Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-10-22): Client approves waive and downgrade per email [REDACTED]


Reviewer Comment (2024-10-07): Received borrower LOE. Background Report does not reflect charges dismissed. Moved to buyer queue for approval and downgrade consideration.


Seller Comment (2024-10-01): Comment from [REDACTED] ([REDACTED]): LOE attached		     10/22/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222122977       31765327     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222122982       31764733     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2024-10-01): Certificate of Good Standing received, Exception Cleared


Seller Comment (2024-10-01): uploaded		 10/01/2024     1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222122987       31765002     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222134796       31807844     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2024-10-31): Included in TD.


Seller Comment (2024-10-29): CDA		 10/31/2024     1 D A D A D A D A D A   WA Investment Refinance - Rate/Term   D A B A     D A   N/A No
222134796       31807856     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2024-10-31): Final title in TD confirms coverage matches loan amount


Seller Comment (2024-10-30): FTP		 10/31/2024     1 B A B A B A B A B A   WA Investment Refinance - Rate/Term   D A B A     D A   N/A No
222134796       31807857     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2024-10-31): FTP in TD 10/31/2024     1 A A A A A A A A A A   WA Investment Refinance - Rate/Term   D A B A     D A   N/A No
222135983       31806721     Credit Credit Miscellaneous Guideline Credit Exception:   The Guaranty in file is not executed by the Guarantor's spouse.  There is a signature line designated for the spouse, however it is not completed. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-10-10): Okay to waive per client email dated [REDACTED]


Reviewer Comment (2024-10-07): Received seller exception approval. missing buyer credit exception approval.


Seller Comment (2024-10-04): Comment from [REDACTED] ([REDACTED].): Attached.		     10/10/2024 2 C B C B C B C B C B   LA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222135992       31782564     Credit Insurance Insurance Documentation Insurance Missing Document: Flood Insurance Policy not provided           Reviewer Comment (2024-10-04): Flood Insurance Policy Received, Exception Cleared


Seller Comment (2024-10-04): Comment from [REDACTED] ([REDACTED]): Flood quote attached.  Insurance was paid for on the closing HUD.		 10/04/2024     1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222135992       31782833     Credit Business Purpose General Business Purpose Borrower has been convicted of fraud/misrepresentation or felony.  Borrower is ineligible. - The background reflects a felony (REDACTED) for the guarantor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-10-22): Client approves waive and downgrade per email [REDACTED]


Reviewer Comment (2024-10-07): Moved to buyer queue for approval per previous commentary.


Buyer Comment (2024-10-07): Comment from [REDACTED] ([REDACTED]): [REDACTED] previous loans were purchased for this Borrower in early [REDACTED]  and this exception was waived.  Addresses of loans purchased: [REDACTED]
[REDACTED], [REDACTED] ([REDACTED]).


Reviewer Comment (2024-10-06): Received LOE from Guarantor [REDACTED]. Background report provided does not include a final disposition of the charges [REDACTED]. Moved to buyer queue for consideration.


Seller Comment (2024-10-04): Comment from [REDACTED] ([REDACTED]): Borrower LOE attached.		     10/22/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222136106       31998003     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2024-11-04): Guidelines met


Seller Comment (2024-10-31): Borrower closed [REDACTED]  at the same time. one was a cash out and one had cash from borrower. We saved it like this so AMC would hopefully see but she didn't have the cash in her account, but she got [REDACTED]  from her other closing on the same day.		 11/04/2024     1 C A C A C A C A C A   AL Investment Refinance - Rate/Term   D A C A     D A   N/A No
222136106       31998020     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2024-11-04): Guidelines met


Seller Comment (2024-11-01): Borrower used part of this cash out from a closing same day to pay rest of funds to close here. Here is HUD from other closing.		 11/04/2024     1 C A C A C A C A C A   AL Investment Refinance - Rate/Term   D A C A     D A   N/A No
222136106       31998021     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2024-11-04): Included in TD.


Seller Comment (2024-10-31): CDA		 11/04/2024     1 D A D A D A D A D A   AL Investment Refinance - Rate/Term   D A C A     D A   N/A No
222142328       31902314     Credit Credit Miscellaneous Guideline Credit Exception:   Subject loan is cross-collateralized. Missing allocated loan amounts.       Reviewer Comment (2024-10-16): Received in trailing documents.


Seller Comment (2024-10-15): allocated loan amounts		 10/16/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222142328       31924640     Credit Insurance Insurance Documentation Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient. - Added following receipt of allocated property loan amounts.       Reviewer Comment (2024-10-18): Received RCE in trailing documents.


Seller Comment (2024-10-17): replacement cost estimates from insurance company		 10/18/2024     1   A   A   A   A   A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222142336       31882193     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.   Borrower has owned the subject property for at least [REDACTED] years.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-10-16): Credit exception approval based on [REDACTED] or more compensating factors meeting client criteria.


Seller Comment (2024-10-15): compensating factors - high FICO[REDACTED], low LTV [REDACTED]		     10/16/2024 2 C B C B C B C B C B   DC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222142336       31882760     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003   Missing Credit application.       Reviewer Comment (2024-10-16): Received in trailing documents.


Seller Comment (2024-10-15): loan app		 10/16/2024     1 C A C A C A C A C A   DC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222144504       31882522     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2 -         Reviewer Comment (2024-10-16): Received in trailing documents.


Seller Comment (2024-10-15): secondaries		 10/16/2024     1 D A D A D A D A D A     Investment Refinance - Rate/Term   D A C A     D A   N/A No
222144504       31902661     Credit Credit Miscellaneous Guideline Credit Exception:   Subject loan is cross-collateralized. Missing allocated loan amounts.       Reviewer Comment (2024-10-16): Received in trailing documents.


Seller Comment (2024-10-15): allocated loan amounts		 10/16/2024     1 C A C A C A C A C A     Investment Refinance - Rate/Term   D A C A     D A   N/A No
222144867       32966824     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided   Guaranty agreement is not executed by Guarantor 2 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2025-03-07): Received signed agreement


Reviewer Comment (2025-03-07): To Clear


Reviewer Comment (2025-03-06): Waive per client email [REDACTED]		 03/07/2025     1   A   A   A   A   A   IN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
222144880       31802212     Credit Credit Credit Eligibility Guideline Public Record Issue: -         Reviewer Comment (2024-10-07): Received evidence of [REDACTED]  in trailing documents.


Seller Comment (2024-10-07): Comment from [REDACTED]([REDACTED]): Attached.		 10/07/2024     1 B A B A B A B A B A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222144880       31802219     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Birth Date  was not provided -         Reviewer Comment (2024-10-07): Received in trailing documents.


Seller Comment (2024-10-07): Comment from [REDACTED]([REDACTED].): Background and I[REDACTED] attached.		 10/07/2024     1 B A B A B A B A B A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222144880       31803486     Credit Credit Miscellaneous Guideline Credit Exception:   The background report reflects (REDACTED) for the guarantor 1 of 2 on the Note. We are unable to verify based on documentation provided if any of the offenses are felony charges.       Reviewer Comment (2024-10-10): Received in trailing documents.


Seller Comment (2024-10-08): Comment from [REDACTED]([REDACTED]): Please note [REDACTED],[REDACTED] and [REDACTED] are the same as [REDACTED],[REDACTED]and [REDACTED] see attached snippets


Reviewer Comment (2024-10-07): [REDACTED], page [REDACTED] (starting), offense #[REDACTED], and [REDACTED]


Buyer Comment (2024-10-07): Comment from [REDACTED]([REDACTED].): Can I request clarification on which offense is unspecified? All are showing infractions for [REDACTED]  and all are specified for [REDACTED]. (REDACTED) No felonies.		 10/10/2024     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222155419       31816510     Credit Missing Document General Missing Document Missing Document: Account Statements - Business not provided   The guidelines require 2 months of statements. The most recent statement for [REDACTED] is not legible. A legible copy of the statement is required.       Reviewer Comment (2024-10-09): Received


Reviewer Comment (2024-10-09): Duplicate copies of Bank Statement uploaded hence, exception remains


Seller Comment (2024-10-08): Comment from [REDACTED] ([REDACTED]): Bank statements attached		 10/09/2024     1 C A C A C A C A C A   OK Investment Refinance - Rate/Term   C A C A     A A   N/A No
222155419       31816559     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2024-10-09): Received Approval hence, exception cleared


Seller Comment (2024-10-08): Comment from [REDACTED] ([REDACTED]): Loan approval attached		 10/09/2024     1 C A C A C A C A C A   OK Investment Refinance - Rate/Term   C A C A     A A   N/A No
222155420       31816191     Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file.   The final title policy in the file is stamped Draft. The file does not contain a preliminary or commitment title.       Reviewer Comment (2024-10-07): Received Final Title Policy, exception cleared.


Seller Comment (2024-10-04): Comment from [REDACTED] [REDACTED]): Marked up title policy attached		 10/07/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222155420       31816192     Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing   The final title policy in the file is stamped Draft. The file does not contain a preliminary or commitment title.       Reviewer Comment (2024-10-07): Received Final Title Policy, exception cleared.


Seller Comment (2024-10-04): Comment from [REDACTED][REDACTED]: Prelim title policy attached		 10/07/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222155420       31852521     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster:XX/XX/XX SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-10-22): PDI shows no damage prior to end date, waive per client email [REDACTED]


Reviewer Comment (2024-10-11): Received PDI in trailing documents reflecting no damage to the subject property. FEMA Disaster for (REDACTED) with a Declaration Date of [REDACTED] does not yet have a declared [REDACTED]. Moved to buyer queue for waiver and downgrade consideration as exception cannot be cleared without [REDACTED].


Seller Comment (2024-10-11): Comment from [REDACTED] [REDACTED]): Post Disaster Inspection attached ((REDACTED)).		     10/22/2024 2   B   B   B   B   B   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222162189       32010042     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2024-11-04): Included in TD.


Seller Comment (2024-10-31): CDA		 11/04/2024     1 D A D A D A D A D A   WA Investment Refinance - Rate/Term   D A A A     D A   N/A No
222163081       31859308     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Missing for [REDACTED] who is 50% owner of borrowing LLC to determine who has right to sign on behalf of borrowing entity       Reviewer Comment (2024-11-09): Received OA for second member entity. Signatures align for [REDACTED]  member on Corporate Resolution.


Seller Comment (2024-11-08): Comment from [REDACTED] ([REDACTED]): Seller rebuttal-The operating agreement for [REDACTED]states that [REDACTED] owns[REDACTED]of [REDACTED]. [REDACTED] owns the other [REDACTED]. [REDACTED] is the guarantor on our loans. You are purchasing to our guides on this. Our guides require that the guarantor own at least [REDACTED]  and that they be a managing member, meaning that they have the right to transact on their own. You also have a resolution in the file signed by [REDACTED]  and the manager pf [REDACTED] l. The signatures match on the resolution and the [REDACTED]  Operating agreement. The resolution states that [REDACTED]  has the authority to sign on behalf of [REDACTED] on all these transactions. So, you have proof that [REDACTED] owns [REDACTED]  (meets our guides) and you have a resolution stating that [REDACTED] can sign for [REDACTED] on these properties (meets our guides). You should be good now.		 11/09/2024     1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222163097       31859645     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Missing for [REDACTED]who is 50% owner of borrowing LLC to determine who has right to sign on behalf of borrowing entity.       Reviewer Comment (2024-11-09): Received OA for second member entity. Signatures align for [REDACTED]  member on Corporate Resolution.


Seller Comment (2024-11-08): Comment from [REDACTED]  ([REDACTED] ): Seller rebuttal: The operating agreement for[REDACTED]  states that [REDACTED]   owns [REDACTED] of [REDACTED] . [REDACTED] owns the other [REDACTED] . [REDACTED] is the guarantor on our loans. You are purchasing to our guides on this. Our guides require that the guarantor own at least [REDACTED]  and that they be a managing member, meaning that they have the right to transact on their own. You also have a resolution in the file signed by [REDACTED]  and the manager pf [REDACTED] . The signatures match on the resolution and the [REDACTED]  Operating agreement. The resolution states that [REDACTED] has the authority to sign on behalf of [REDACTED] on all these transactions. So, you have proof that [REDACTED] owns [REDACTED]  (meets our guides) and you have a resolution stating that [REDACTED]  can sign for [REDACTED]  on these properties (meets our guides). You should be good now.		 11/09/2024     1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222163247       31852490     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage shortfall [REDACTED]. Policy states extra replacement cost coverage is not provided by endorsement.       Reviewer Comment (2024-10-11): Received Replacement Cost Coverage hence, exception cleared


Seller Comment (2024-10-10): Comment from [REDACTED] ([REDACTED] ): RCE Letter - Box marked policy written with replacement coverage		 10/11/2024     1 C A C A C A C A C A   TN Investment Purchase   D B D B     A A   N/A No
222163247       31858591     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete HUD-1 Missing Final HUD-1   The file contains a Closing Disclosure that is marked as Preview. The file does not contain a final Closing Disclosure/HUD/Settlement Statement. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

Seasoned Borrower/Investor whose experience exceeds 10 completed projects.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-01-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-12-23): Moved to buyer queue for investor approval. Signed statement received in trailing is dated [REDACTED] post-consummation. Signature page [REDACTED]  not signed. Signature on page one of disclosure with hand written [REDACTED]  provided. Unable to confirm signature is that of Settlement Agent.


Seller Comment (2024-12-23): Comment from [REDACTED]  ([REDACTED] ): SS


Reviewer Comment (2024-12-09): Received another unexecuted PCCD. A Final HUD-1/Closing Disclosure/Final Settlement Statement, SIGNED and/or STAMPED by the SETTLEMENT AGENT is required to clear.


Seller Comment (2024-12-09): Comment from[REDACTED]  ([REDACTED] ): PCCD showing final figures


Reviewer Comment (2024-11-26): Document uploaded was previously reviewed in the original file submission ([REDACTED] ). A signed, and/or stamped, Final Settlement Statement is required to clear.


Seller Comment (2024-11-26): Comment from [REDACTED] ([REDACTED] ): title PC CD in lieu of Settlement Stmt.  Per title they do not issue settlement stmts.  Regardless of which state the property is in this particular title company does not.


Reviewer Comment (2024-10-31): Closing Instructions cannot be used in lieu of a Final Settlement Statement.


Seller Comment (2024-10-30): Comment from [REDACTED] [REDACTED] ): Closing Instructions - DSCR.  No CD and per title no settlement stmt.


Reviewer Comment (2024-10-14): Please provide Final Settlement Statement. These are regularly provided for DSCR loans.


Seller Comment (2024-10-10): Comment from [REDACTED]  ([REDACTED] ): disbursement ledger - title company does not issue settlement stmts for DSCR		     01/02/2025 2 D B D B D B D B D B   TN Investment Purchase   D B D B     A A   N/A No
222163247       31871672     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Documents are not executed by the borrower.       Reviewer Comment (2024-10-10): Received Business Purpose Certificate, Exception cleared.


Seller Comment (2024-10-10): Comment from[REDACTED]  ([REDACTED] : Business Purpose		 10/10/2024     1 C A C A C A C A C A   TN Investment Purchase   D B D B     A A   N/A No
222163250       31814908     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.           Reviewer Comment (2024-10-25): Not required.


Buyer Comment (2024-10-25): Comment from [REDACTED] ([REDACTED] ): Please advise on this suspense item as per [REDACTED]  we are not showing this is required.		 10/25/2024     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222163418       31859646     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Missing for [REDACTED] who is 50% owner of borrowing LLC to determine who has right to sign on behalf of borrowing entity.       Reviewer Comment (2024-11-09): Received OA for second member entity. Signatures align for [REDACTED] member on Corporate Resolution.


Seller Comment (2024-11-08): Comment from [REDACTED]  [REDACTED] : Seller rebuttal:The operating agreement for[REDACTED] states that [REDACTED]  owns [REDACTED]  of [REDACTED] . [REDACTED] owns the other[REDACTED]  [REDACTED]  is the guarantor on our loans. You are purchasing to our guides on this. Our guides require that the guarantor own at least [REDACTED]  and that they be a managing member, meaning that they have the right to transact on their own. You also have a resolution in the file signed by [REDACTED]  and the manager[REDACTED] l. The signatures match on the resolution and the [REDACTED] Operating agreement. The resolution states that [REDACTED] has the authority to sign on behalf of [REDACTED] on all these transactions. So, you have proof that [REDACTED] owns[REDACTED] (meets our guides) and you have a resolution stating that [REDACTED]  can sign for [REDACTED]  on these properties (meets our guides). You should be good now.		 11/09/2024     1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222163516       31859583     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Missing for [REDACTED] who is 50% owner of borrowing LLC to determine who has right to sign on behalf of borrowing entity.       Reviewer Comment (2024-11-09): Received OA for second member entity. Signatures align for second member on Corporate Resolution.


Seller Comment (2024-11-08): Comment from [REDACTED] ([REDACTED] ): Seller rebuttal:The operating agreement for [REDACTED] states that [REDACTED]  owns [REDACTED]  of [REDACTED] . [REDACTED] owns the other [REDACTED]  [REDACTED] is the guarantor on our loans. You are purchasing to our guides on this. Our guides require that the guarantor own at least [REDACTED]  and that they be a managing member, meaning that they have the right to transact on their own. You also have a resolution in the file signed by [REDACTED] and the manager pf [REDACTED] . The signatures match on the resolution and the [REDACTED] Operating agreement. The resolution states that [REDACTED] has the authority to sign on behalf of [REDACTED] on all these transactions. So, you have proof that [REDACTED] owns [REDACTED] (meets our guides) and you have a resolution stating that [REDACTED] can sign for [REDACTED]  on these properties (meets our guides). You should be good now.		 11/09/2024     1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222163524       31859647     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Missing for [REDACTED] who is 50% owner of borrowing LLC to determine who has right to sign on behalf of borrowing entity.       Reviewer Comment (2024-11-09): Received OA for [REDACTED] member entity. Signatures align for second member on Corporate Resolution.


Seller Comment (2024-11-08): Comment from[REDACTED] [REDACTED] ): Seller rebuttal; The operating agreement for [REDACTED] states that [REDACTED]  owns [REDACTED] of [REDACTED] . [REDACTED]  owns the other [REDACTED] . [REDACTED]  is the guarantor on our loans. You are purchasing to our guides on this. Our guides require that the guarantor own at least [REDACTED]  and that they be a managing member, meaning that they have the right to transact on their own. You also have a resolution in the file signed by [REDACTED] and the manager pf [REDACTED]  The signatures match on the resolution and the [REDACTED]  Operating agreement. The resolution states that [REDACTED]  has the authority to sign on behalf of [REDACTED] on all these transactions. So, you have proof that [REDACTED]  owns [REDACTED]  (meets our guides) and you have a resolution stating that [REDACTED]  can sign for [REDACTED] on these properties (meets our guides). You should be good now.		 11/09/2024     1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222163538       31825165     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2024-10-10): Received in trailing documents.


Seller Comment (2024-10-10): Comment from [REDACTED]  ([REDACTED] .): see attached		 10/10/2024     1 B A B A B A B A B A   MD Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222163538       31825169     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Minimum Loan Amount discrepancy. Note loan amount of ___ is less than Guideline minimum loan amount of ___. Note loan amount of [REDACTED] is less than Guideline minimum loan amount of [REDACTED]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-10-10): Credit exception approval based on[REDACTED]  or more compensating factors meeting client criteria.


Seller Comment (2024-10-10): Comment from [REDACTED] [REDACTED] ): Please waive/downgrade [REDACTED]  has approved all sellers down to [REDACTED]


Seller Comment (2024-10-10): Comment from [REDACTED]  ([REDACTED] .): see attached		     10/10/2024 2 C B C B C B C B C B   MD Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222163538       31859648     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Missing for [REDACTED] who is 50% owner of borrowing LLC to determine who has right to sign on behalf of borrowing entity.       Reviewer Comment (2024-11-09): Received OA for [REDACTED]  member entity. Signatures align for [REDACTED] member on Corporate Resolution.


Seller Comment (2024-11-08): Comment from[REDACTED] ([REDACTED] ): Seller rebuttal:  The operating agreement for [REDACTED]  states that [REDACTED]  owns[REDACTED]  of [REDACTED]  [REDACTED] owns the other [REDACTED]  [REDACTED]  is the guarantor on our loans. You are purchasing to our guides on this. Our guides require that the guarantor own at least [REDACTED] and that they be a managing member, meaning that they have the right to transact on their own. You also have a resolution in the file signed by [REDACTED] and the manager pf[REDACTED]  The signatures match on the resolution and the [REDACTED]  Operating agreement. The resolution states that [REDACTED] has the authority to sign on behalf of [REDACTED] on all these transactions. So, you have proof that [REDACTED]  owns [REDACTED] (meets our guides) and you have a resolution stating that [REDACTED]  can sign for [REDACTED] on these properties (meets our guides). You should be good now.


Reviewer Comment (2024-10-10): Missing for [REDACTED]  who is [REDACTED] owner of borrowing LLC


Buyer Comment (2024-10-10): Comment from [REDACTED] ([REDACTED] ): Please see [REDACTED] [REDACTED]  granting authority to guarantor. Signed by both members.		 11/09/2024     1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222167674       31825301     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222167674       31825303     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Property inspected post disaster but pre-FEMA declaration of disaster end date.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator

SitusAMC

SitusAMC		 Reviewer Comment (2024-10-17): Property inspected post-Declaration Date but prior to[REDACTED]


Reviewer Comment (2024-10-10): Moved to[REDACTED]  for waiver and downgrade consideration as the PDI is dated after the disaster declaration date however an end date has yet to be declared.


Seller Comment (2024-10-08): Disaster inspection		     10/17/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222167676       31851268     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-10-23): Waived and downgraded per[REDACTED]  email / sheet.


Buyer Comment (2024-10-23): AMC - Please waive down


Reviewer Comment (2024-10-22): PDI reflecting no damage is dated [REDACTED]  which is after the disaster declaration date but an end date has not been declared.  Moved to [REDACTED] for waiver and downgrade consideration.


Seller Comment (2024-10-22): Uploaded disaster inspection


Reviewer Comment (2024-10-17): Exception updated to reflect [REDACTED] . Inspection provided is dated [REDACTED]  (REDACTED) Declaration Date is [REDACTED]


Reviewer Comment (2024-10-17): EXCEPTION HISTORY - Exception Explanation was updated on [REDACTED]  PRIOR Exception Explanation: Disaster Name: HURRICANE (REDACTED)
Disaster Declaration Date:[REDACTED]


Reviewer Comment (2024-10-11): Subject property appears to be in an area that is soon likely to be designated as a FEMA disaster area for a more recent storm - [REDACTED]


Seller Comment (2024-10-11): disaster inspection		     10/23/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222167685       31824864     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. -   The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 High DSCR

High FICO		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2024-10-10): Waived and downgraded per [REDACTED] Waiver Policy


Seller Comment (2024-10-09): Borrowers address is in [REDACTED]  which is not a state that requires a spousal consent		     10/10/2024 2 C B C B C B C B C B   WI Investment Purchase   C B C B     A A   N/A No
222167691       31825181     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2024-12-19): Updated 12/19/2024     1 A A A A A A A A A A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222167691       31831301     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title search shows negative impact on title.   The title reflects a judgment in the amount of [REDACTED] and a construction lien in the amount of [REDACTED]. Documentation released/satisfied was not provided. Final title policy is not in file.       Reviewer Comment (2024-10-21): Trailing final title policy confirms that this is no longer an exception.


Seller Comment (2024-10-18): Uploaded FTP


Reviewer Comment (2024-10-17): Received Closing Instructions showing items are not to be included in Final Title policy. Final policy has not been provided to confirm. Moved to buyer queue for consideration.


Seller Comment (2024-10-11): Please see closing instructions signed by title that shows items [REDACTED]  and [REDACTED] from the prelim will be removed from the final title policy


Reviewer Comment (2024-10-10): Please provide evidence that these were paid off


Seller Comment (2024-10-09): Construction lien pay off explanation


Seller Comment (2024-10-09): Judgement pay off		 10/21/2024     1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222167700       31838104     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222167700       31850871     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided           Reviewer Comment (2024-10-23): Received EIN, exception cleared.


Seller Comment (2024-10-22): application


Seller Comment (2024-10-22): per borrower ein is [REDACTED] , please advise if documentation is required for this


Reviewer Comment (2024-10-10): Trailing doc is for a different loan/ borrower


Seller Comment (2024-10-09): wrong document uploaded


Seller Comment (2024-10-09): see uploaded application containing ein		 10/23/2024     1 C A C A C A C A C A   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222167722       31825142     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   WI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222167731       31825293     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222167731       32452278     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		         Reviewer Comment (2024-12-23): Post Disaster Inspection (PDI) Received, Exception Cleared


Seller Comment (2024-12-20): uploaded disaster inspection		 12/23/2024     1   A   A   A   A   A   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222167737       31829778     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title search shows negative impact on title.   The preliminary title reflects a judgment in the amount of [REDACTED]; documentation the judgment has been satisfied/released was not provided. The final title policy is not in file.       Reviewer Comment (2024-10-10): Paid off on separate closing on another property per trailing closing statement


Seller Comment (2024-10-09): these judgments were paid off prior to the closing of another loan for this borrower, see attached ALTA with judgments being collected		 10/10/2024     1 C A C A C A C A C A   WI Investment Refinance - Rate/Term   C A C A     A A   N/A No
222176620       31995809     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided           Reviewer Comment (2024-11-04): Included in TD.


Seller Comment (2024-10-31): ID		 11/04/2024     1 C A C A C A C A C A   WA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222176620       31995822     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   The declarations page makes reference to the policy jacket for information regarding rent loss insurance; however, the rental loss insurance portion of the policy jacket is missing. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Low LTV

High FICO		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2024-11-13): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-06): Trailing docs still do not confirm the presence of coverage [REDACTED] .  [REDACTED]  of [REDACTED]  of the policy jacket in file indicates the that Fair Rental Income is covered under coverage D however a document has not been provided to confirm the presence of coverage D.


Seller Comment (2024-11-04): Please see [REDACTED]


Seller Comment (2024-11-04): Please see image


Reviewer Comment (2024-11-04): Trailing docs confirm that Fair Rental Income is covered under coverage D however a document has not been provided to confirm the presence of coverage D.


Seller Comment (2024-11-01): Full binder with rent loss info.		     11/13/2024 2 C B C B C B C B C B   WA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222193089       31872033     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2024-10-14): Certificate of Good Standing received, Exception Cleared


Seller Comment (2024-10-14): Comment from [REDACTED]  ([REDACTED]: Good Standing		 10/14/2024     1 C A C A C A C A C A   HI Investment Purchase   C A C A     A A   N/A No
222193089       31872034     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided           Reviewer Comment (2024-10-14): Corporate Resolution received, Exception Cleared


Seller Comment (2024-10-14): Comment from [REDACTED] ([REDACTED] ): Not Required with Docs from file		 10/14/2024     1 C A C A C A C A C A   HI Investment Purchase   C A C A     A A   N/A No
222193089       31872037     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided           Reviewer Comment (2024-10-14): Operating Agreement received, Exception Cleared


Seller Comment (2024-10-14): Comment from [REDACTED] ([REDACTED]): Operating Agreement and Consent		 10/14/2024     1 C A C A C A C A C A   HI Investment Purchase   C A C A     A A   N/A No
222193108       31863567     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. - OFAC is missing for the [REDACTED]       Reviewer Comment (2024-10-16): Received in trailing documents.


Seller Comment (2024-10-15): Comment from [REDACTED] [REDACTED].): Attached.		 10/16/2024     1 C A C A C A C A C A   GA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222201231       31881836     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Please provide Signed Operating Agreement.       Reviewer Comment (2024-11-02): Received in trailing documents.


Seller Comment (2024-11-01): Comment from [REDACTED] ([REDACTED] ): Operating Agreemen		 11/02/2024     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222201804       31881580     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo is warrantable. -         Reviewer Comment (2024-10-28): Condo approval received. Warrantable confirmed. 10/28/2024     1 C A C A C A C A C A   VA Investment Purchase   C A C A     A A   N/A No
222201804       31896583     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: HOA Questionnaire not provided           Reviewer Comment (2024-10-28): Condo approval received. Warrantable confirmed.


Seller Comment (2024-10-28): Comment from [REDACTED]  ([REDACTED] ): The project has a current FNMA approval in place, we provided CPM Certification and confirmed insurance met standards.  
There is no requirement to have a questionnaire for an active FNMA Approved project.		 10/28/2024     1 C A C A C A C A C A   VA Investment Purchase   C A C A     A A   N/A No
222201804       31896584     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2024-10-28): Received in trailing documents.


Seller Comment (2024-10-28): Comment from [REDACTED] ([REDACTED] ): Business Purpose Certificate		 10/28/2024     1 C A C A C A C A C A   VA Investment Purchase   C A C A     A A   N/A No
222203785       31877663     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided   Verification of Identification is missing in file.       Reviewer Comment (2024-08-18): Received


Buyer Comment (2024-08-16): ID		 08/18/2024     1 C A C A C A C A C A   GA Investment Purchase   C B C B     A A   N/A No
222203785       31877664     Credit Credit Miscellaneous Guideline Credit Exception:   Per guidelines, Condo or 2-8 Units: [REDACTED]sq ft  per unit.  One of the 3 units is [REDACTED]sq feet. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The representative FICO score exceeds the guideline minimum by at least 40 points.

The qualifying DSCR on the loan is greater than the guideline minimum.		 The DSCR of 1.49 is greater than the minimum required DSCR of 1.00. SitusAMC

SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-09-13): Client elects to waive with compensating factors.


Buyer Comment (2024-09-12): We granted an exception here due to the following compensating factors - strong borrower profile, [REDACTED] + DSCR and low leverage, coming in at [REDACTED] well below the max permitted by guidelines.		     09/13/2024 2 C B C B C B C B C B   GA Investment Purchase   C B C B     A A   N/A No
222203793       31877726     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Missing Operating Agreement from file for [REDACTED]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-09-19): Waived with compensating factors per client request.


Reviewer Comment (2024-09-13): If the operating agreements are not able to be provided, other third party evidence of our guarantor's ownership percentage will be required, as the borrowing entity is owned [REDACTED]  by another LLC, which per the security instrument, is then owned by a third LLC.


Buyer Comment (2024-09-12): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]. Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. This is a highly repeat borrower and every file has had the same approach which has previously been cleared with Situs.


Reviewer Comment (2024-09-05): Business entity documents are required for all layered entities. Exception remains.


Buyer Comment (2024-08-26): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction.		     09/19/2024 2 C B C B C B C B D B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222203793       31877727     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing Operating Agreement from file for [REDACTED]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-09-20): Waived with compensating factors per client request.


Reviewer Comment (2024-09-13): If the operating agreements are not able to be provided, other third party evidence of our guarantor's ownership percentage will be required, as the borrowing entity is owned [REDACTED]  by another LLC, which per the security instrument, is then owned by a third LLC.


Buyer Comment (2024-09-12): This is a highly repeat borrower and every file has had the same approach which has previously been cleared with [REDACTED]


Reviewer Comment (2024-09-05): Operating agreement for [REDACTED]  is required to verify ownership. Exception remains


Buyer Comment (2024-08-26): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED]  owner, who is our warm body and active participant in the transaction.		     09/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222203798       31877766     Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided   Appraisal not provided. Provide 1025 for 2 unit property.       Reviewer Comment (2024-09-06): 1004 provided which meets guidelines for the property type.


Buyer Comment (2024-09-03): Property is a SFR with ADU, form 1004 is correct


Buyer Comment (2024-09-03): Appraisal attached		 09/06/2024     1 D A D A D A D A D A   FL Investment Refinance - Cash-out - Other   D B D B     D A   N/A No
222203798       31877768     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal is missing. Sec ID: 1   Appraisal is missing.       Reviewer Comment (2024-09-06): 1004 provided which meets guidelines for property type.


Buyer Comment (2024-09-03): Secondary appraisal attached		 09/06/2024     1 D A D A D A D A D A   FL Investment Refinance - Cash-out - Other   D B D B     D A   N/A No
222203798       31877769     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Shortfall of [REDACTED]       Reviewer Comment (2024-09-10): Received Replacement Cost Estimator.


Buyer Comment (2024-09-06): RCE attached


Reviewer Comment (2024-09-06): Guidelines require the lesser of [REDACTED]  of replacement cost set by insurer or loan amount.  Please provide increased coverage or RCE.


Buyer Comment (2024-09-03): EOI binder shows Dwelling Replacement Cost Y. Coverage amount is the replacement cost which is sufficient.		 09/10/2024     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   D B D B     D A   N/A No
222203798       31896733     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator Reviewer Comment (2024-10-17): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]     10/17/2024 2   B   B   B   B   B   FL Investment Refinance - Cash-out - Other   D B D B     D A   N/A No
222203799       31877771     Credit Credit Miscellaneous Guideline Credit Exception:   Desk reviews are not from an approved vendor in guidelines.       Reviewer Comment (2024-09-06): Valuation company acquired by approved vendor.


Buyer Comment (2024-09-03): Pro Teck was acquired by [REDACTED] , product is the same ARR (Appraisal Risk Review)		 09/06/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222203799       31877773     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title Error: Title vesting does not concur with deed   Please provide deed signed at closing transferring ownership into the business entity for (REDACTED) as reflected on the title commitment.       Reviewer Comment (2024-09-06): Quit claim deeds received for al properties securing the loan.


Buyer Comment (2024-09-03): Please find Quit Claim deeds for all [REDACTED] parcels attached.		 09/06/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222203803       31877777     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided           Reviewer Comment (2024-09-10): Background Check received and verified the details. Exception Cleared.


Buyer Comment (2024-09-06): Background report attached.


Reviewer Comment (2024-09-05): Complete  Background Check required. Exception remains.


Buyer Comment (2024-08-28): background report attached		 09/10/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222203804       31877779     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Missing certificate of good standing for borrowing entity.       Reviewer Comment (2024-09-06): Entity formed within prior [REDACTED] .


Buyer Comment (2024-09-03): Entity was just formed [REDACTED] COGS is not required.		 09/06/2024     1 C A C A C A C A C A   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222203804       31877781     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating agreement for [REDACTED] required and not provided.  They are listed as a maker on the subject loan. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-09-24): Waived with compensating factors per client direction.


Reviewer Comment (2024-09-18): Entity documents are required to confirm ownership percentages as per guidelines.


Buyer Comment (2024-09-12): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED]  owner, who is our warm body and active participant in the transaction.		     09/24/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222203804       31877782     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   There are 3 individuals who signed the [REDACTED] operating agreement, so unable to determine our guarantor is 100% owner of the borrowing entity.  The Unanimous Consent documents provided in file are only signed by our guarantor. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-09-24): Waived with compensating factors per client direction.


Reviewer Comment (2024-09-18): Entity documents are required to confirm ownership percentages as per guidelines.


Buyer Comment (2024-09-12): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED] ). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction.		     09/24/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222203804       31896734     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator Reviewer Comment (2024-10-18): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]     10/18/2024 2   B   B   B   B   B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222203812       31877807     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided   Security Instrument - Subject Lien is missing in file.       Reviewer Comment (2024-06-24): Received


Buyer Comment (2024-05-31): Security instrument attached		 06/24/2024     1 D A D A D A D A D A   FL Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222203812       31877809     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. LTV max for DSRC under 1.0 is 65%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-07-22): Waived with compensating factors per client request.


Buyer Comment (2024-07-16): Confirmed


Reviewer Comment (2024-07-16): Please confirm client is asking to waive this condition


Buyer Comment (2024-07-10): This loan is part of a special pool approved for purchase by [REDACTED] . We are comfortable with the DSCR/LTV.		     07/22/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222203812       31877810     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided   Missing Rider- Prepayment Penalty from file.       Reviewer Comment (2024-05-16): Not required due to terms listed on note. 05/16/2024     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222203812       31896738     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX. SitusAMC,Aggregator Reviewer Comment (2024-10-17): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]     10/17/2024 2   B   B   B   B   B   FL Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222208562       31887349     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator

SitusAMC		 Reviewer Comment (2024-10-24): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-10-22): Received PDI in trailing documents reflecting no damage to the subject property on [REDACTED] . FEMA Disaster for [REDACTED] with a Declaration Date of [REDACTED]  does not yet have a declared End Date. Moved to buyer queue for waiver and downgrade consideration as exception cannot be cleared without End Date.


Seller Comment (2024-10-22): Comment from [REDACTED]  ([REDACTED] ): Post-Disaster Inspection report attached		     10/24/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222208563       31913719     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator

SitusAMC		 Reviewer Comment (2024-10-24): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-10-22): Received PDI in trailing documents reflecting no damage to the subject property on [REDACTED]  FEMA Disaster for [REDACTED] with a Declaration Date of [REDACTED]  does not yet have a declared End Date. Moved to buyer queue for waiver and downgrade consideration as exception cannot be cleared without End Date.


Seller Comment (2024-10-22): Comment from [REDACTED]  ([REDACTED] ): Post-Disaster Inspection report attached		     10/24/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222208564       31915683     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator

SitusAMC		 Reviewer Comment (2024-10-24): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-10-22): Received PDI in trailing documents reflecting no damage to the subject property on  [REDACTED] . FEMA Disaster for [REDACTED] with a Declaration Date of [REDACTED]  does not yet have a declared End Date. Moved to buyer queue for waiver and downgrade consideration as exception cannot be cleared without End Date.


Seller Comment (2024-10-22): Comment from [REDACTED] [REDACTED] ): Post-Disaster Inspection report attached		     10/24/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222214323       31895815     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX. SitusAMC Reviewer Comment (2024-10-03): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster:[REDACTED] .     10/03/2024 2   B   B   B   B   B   FL Investment Refinance - Rate/Term   A B A B     A A   N/A No
222217565       31909397     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-10-23): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-10-23): [REDACTED] - Please waive down


Reviewer Comment (2024-10-22): PDI reflecting no damage is dated [REDACTED]  which is after the disaster declaration date but an end date has not been declared.  Moved to [REDACTED] for waiver and downgrade consideration.


Seller Comment (2024-10-22): Uploaded disaster inspeciton		     10/23/2024 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
222217565       31909402     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement missing for [REDACTED]       Reviewer Comment (2024-10-18): The Entity Formation date is within [REDACTED]  to Note date & Operating agreement can be replaced with Articles of Organization, exception cleared.


Seller Comment (2024-10-17): LOE for no operating agreement		 10/18/2024     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
222217570       31911955     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222217574       31907294     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
222217581       31909425     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-10-24): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-10-24): [REDACTED] - Please wavie down


Seller Comment (2024-10-23): uploaded disaster inspection no damage		     10/24/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222217604       31909625     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NJ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222217608       31909218     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222217634       31918846     Credit Credit Miscellaneous Guideline Credit Exception:   The appraisal reflects a transfer of the property on [REDACTED] but there is nothing in the file to verify what this transfer was.  The deed in file regarding the quit claim appears to be from [REDACTED] and not [REDACTED].  It would appear that an appraisal correction is needed.       Reviewer Comment (2024-10-24): Appraisal correct received in trailing documents


Seller Comment (2024-10-23): uploaded correction		 10/24/2024     1 C A C A C A C A C A   AL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222217635       31911587     Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided           Reviewer Comment (2024-10-22): Received Flood Certificate Exception cleared.


Seller Comment (2024-10-22): uploaded flood cert		 10/22/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222228650       31934180     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-10-28): Received PDI in trailing documents.


Reviewer Comment (2024-10-23): Received PDI in trailing documents reflecting no damage to the subject property. FEMA Disaster for [REDACTED] with a Declaration Date of [REDACTED] does not yet have a declared End Date. Moved to buyer queue for waiver and downgrade consideration as exception cannot be cleared without End Date.


Seller Comment (2024-10-23): Comment from [REDACTED] [REDACTED]): Disaster Inspection		     10/28/2024 2 C B C B C B C B C B   GA Investment Purchase   C B C B     A A   N/A No
222228657       31933967     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Property inspected post disaster but pre-FEMA declaration of disaster end date.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator

SitusAMC

SitusAMC		 Reviewer Comment (2024-11-02): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Seller Comment (2024-10-31): Comment from [REDACTED]([REDACTED] ): disaster inspection		     11/02/2024 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
222228657       31934041     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2024-11-20): Received alternate RCE documentation in trailing.


Seller Comment (2024-11-20): Comment from [REDACTED]([REDACTED]: FL Checklist of Coverage with replacement cost		 11/20/2024     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
222228657       31934056     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2024-10-24): EMD confirmed sourced. Data and testing updated.


Buyer Comment (2024-10-21): Comment from [REDACTED]  ([REDACTED] ): Please provide your calculations for this finding.		 10/24/2024     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
222232444       31946382     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-01): Waived and downgraded per [REDACTED]email / sheet.


Buyer Comment (2024-11-01): AMC - Please waive down


Reviewer Comment (2024-10-29): Moved to [REDACTED]for waiver and downgrade consideration - PDI in trailing docs is after the declared disaster declaration and reflects no damage, however a disaster end date has not been declared.


Seller Comment (2024-10-28): Uploaded disaster inspeciton		     11/01/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222232445       31956355     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232447       31948560     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232450       31954939     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232456       31950264     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. -   The qualifying DSCR on the loan is greater than the guideline minimum. High DSCR SitusAMC,Aggregator Reviewer Comment (2024-10-25): Waived and downgraded per [REDACTED] Waiver Policy -  [REDACTED] and DSCR


Seller Comment (2024-10-25): the guarantor's address is in [REDACTED] which is not a spousal consent state		     10/25/2024 2 C B C B C B C B C B   WI Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222232458       31945486     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-01): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-01): AMC - Please waive down


Reviewer Comment (2024-10-25): Moved to [REDACTED] for waiver and downgrade consideration.  Trailing PDI is after disaster declaration date and reflects no damage to subject, however an end date has not been declared.


Seller Comment (2024-10-25): uploaded disaster inspection. no damage		     11/01/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222232459       31950245     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-01): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-01): [REDACTED] - Please waive down


Reviewer Comment (2024-10-25): Moved to [REDACTED] for waiver and downgrade consideration.  Trailing PDI is dated after the disaster declaration date and reflects no damage, however an end date has not been declared.


Seller Comment (2024-10-25): uploaded disaster inspection no damage		     11/01/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222232460       31954759     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Rate/Term   B B B B     B B   N/A No
222232460       31954765     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2024-10-24): Moved to [REDACTED] for waiver consideration of [REDACTED]       2 A A A A A A A A B B   GA Investment Refinance - Rate/Term   B B B B     B B   N/A No
222232461       31955393     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   KS Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232462       31949393     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AZ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232464       31954894     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.           Reviewer Comment (2024-10-30): Included in TD.


Seller Comment (2024-10-28): inspection		 10/30/2024     1 C A C A C A C A C A   SC Investment Purchase   C B C B     A A   N/A No
222232464       31954900     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Purchase   C B C B     A A   N/A No
222232465       31944887     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   KS Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232468       31945045     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232470       31955322     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232479       31948024     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232483       31946422     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232489       31949801     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222232492       31945327     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-01): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-01): [REDACTED] - Please waive down


Reviewer Comment (2024-10-29): Moved to [REDACTED] for waiver and downgrade consideration - PDI in trailing docs is after the declared disaster declaration and reflects no damage, however a disaster end date has not been declared.


Seller Comment (2024-10-28): Uploaded disaster inspection		     11/01/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222232492       31945330     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222232492       31952103     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided           Reviewer Comment (2024-10-24): Received Articles of Organization, Exception Cleared


Seller Comment (2024-10-24): Uploaded formation		 10/24/2024     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222232495       31968749     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2024-10-31): Included in TD.


Seller Comment (2024-10-29): No hits		 10/31/2024     1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222232496       31949432     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   C B C B     A A   N/A No
222232496       31962122     Credit Credit Miscellaneous Guideline Credit Exception:   The title reflects the property as Fee Simple; however, the appraisal reflects Leasehold.       Reviewer Comment (2024-11-21): Corrected appraisal in TD


Seller Comment (2024-11-20): Uploaded appraisal reflecting fee simple		 11/21/2024     1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C B C B     A A   N/A No
222232496       32217828     Property Property - Appraisal Appraisal Documentation Property - Appraisal The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines.   Trailing primary appraisal reflects condo while the CDA reflects single family attached.       Reviewer Comment (2024-12-04): Updated CDA in TD


Seller Comment (2024-12-04): Uploaded DVR		 12/04/2024     1   A   A   A   A   A   TX Investment Refinance - Rate/Term   C B C B     A A   N/A No
222232499       31948470     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222242311       31972002     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided     Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-11-26): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-11-19): Received post-closing Business Purpose Cert dated [REDACTED]. Transaction closed on [REDACTED]. At the time of loan consummation, borrower confirmation of Business Use not provided. Moved to buyer queue for approval and downgrade consideration.


Seller Comment (2024-11-19): Comment from [REDACTED]([REDACTED]): Business Cert		     11/26/2024 2 C B C B C B C B C B   NV Investment Purchase   C B C B     A A   N/A No
222245036       32021982     Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided   The file is missing copies of the lease agreement for both units. The rent roll indicates the property is tenant occupied.       Reviewer Comment (2024-11-05): Included in TD.


Seller Comment (2024-11-01): [REDACTED]		 11/05/2024     1 C A C A C A C A C A   MI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222245634       31955472     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222245634       31979169     Credit Property - Appraisal Appraisal Documentation Property - Appraisal HOA project is involved in litigation.   (REDACTED) reflects HOA is involved in litigation. Investor consideration required. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-10-28): Credit exception approval based on [REDACTED]   or more compensating factors meeting client criteria.


Seller Comment (2024-10-25): Comment from [REDACTED[REDACTED]):[REDACTED]Exception approval		     10/28/2024 2 C B C B C B C B C B   IL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222245634       31979192     Credit Credit Miscellaneous Guideline Credit Exception:   Per guidelines: Non-warrantable condominiums capped at 50% commercial space. Subject property is [REDACTED] commercial per exception request. Investor consideration required. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-10-28): Credit exception approval based on[REDACTED] or more compensating factors meeting client criteria.


Seller Comment (2024-10-25): Comment from [REDACTED[REDACTED]):[REDACTED]Exception approval		     10/28/2024 2 C B C B C B C B C B   IL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222245634       31979224     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___.   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-10-28): Credit exception approval based on[REDACTED] or more compensating factors meeting client criteria.


Seller Comment (2024-10-25): Comment from [REDACTED[REDACTED]):[REDACTED]Exception approval		     10/28/2024 2 C B C B C B C B C B   IL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222245648       31963865     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX		 SitusAMC

SitusAMC,Aggregator

SitusAMC,Aggregator		 Reviewer Comment (2024-10-28): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Seller Comment (2024-10-25): Comment from [REDACTED] [REDACTED]: PDI attached		     10/28/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222245648       31972803     Credit Credit Miscellaneous Guideline Credit Exception:   The background reflects a felony ([REDACTED]) for the guarantor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-10-24): Waived and downgraded per client email/ sheet based on available compensating factors.     10/24/2024 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222246415       31961288     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-10-28): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Seller Comment (2024-10-25): Comment from [REDACTED] ([REDACTED]: PDI attached		     10/28/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222246415       31972821     Credit Credit Miscellaneous Guideline Credit Exception:   The background reflects a felony ([REDACTED]) for the guarantor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-10-24): Waived and downgraded per client email/ sheet based on available compensating factors.     10/24/2024 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222246418       31979954     Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided   Refinance transaction, occupied by tenant. Per guidelines: Use the lower of Estimated market rent from 1007 or lease agreement. Lease amount from 1007 used for qualifying.       Reviewer Comment (2024-10-26): Received Lease Agreement, Exception cleared.


Seller Comment (2024-10-25): Comment from [REDACTED] ([REDACTED]): lease		 10/26/2024     1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222246418       31980013     Credit Insurance Insurance Documentation Insurance Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.   Missing verification of hazard premium. Amount collected for escrows used for liability amount.       Reviewer Comment (2024-11-13): Received revised Hazard Insurance, exception cleared.


Seller Comment (2024-11-13): Comment from [REDACTED][REDACTED]): updated docs		 11/13/2024     1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222246421       31960346     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX. SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-10-28): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Seller Comment (2024-10-25): Comment from [REDACTED][REDACTED]): PDI attached		     10/28/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222246421       31972874     Credit Credit Miscellaneous Guideline Credit Exception:   The background reflects a felony ([REDACTED]) for the guarantor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-10-24): Waived and downgraded per client email/ sheet based on available compensating factors.     10/24/2024 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222246432       31963501     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-10-28): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Seller Comment (2024-10-25): Comment from[REDACTED] ([REDACTED]): PDI attached		     10/28/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222246432       31972897     Credit Credit Miscellaneous Guideline Credit Exception:   The background reflects a felony ([REDACTED]) for the guarantor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-10-24): Waived and downgraded per client email/ sheet based on available compensating factors.     10/24/2024 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222246439       31978302     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-10-25): Received PDI in trailing documents.


Seller Comment (2024-10-25): Comment from[REDACTED]([REDACTED]): Disaster Inspection		 10/25/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222251179       32631821     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.           Reviewer Comment (2025-02-26): Received PDI 02/26/2025     1   A   A   A   A   A   CA Investment Refinance - Rate/Term   A A A A     A A   N/A No
222251180       32631847     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.           Reviewer Comment (2025-02-26): Received PDI 02/26/2025     1   A   A   A   A   A   CA Investment Refinance - Rate/Term   A A A A     A A   N/A No
222254075       31958963     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC Reviewer Comment (2024-10-08): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Buyer Comment (2024-10-07): PDI uploaded		     10/08/2024 2 C B C B C B C B C B   SC Investment Purchase   C B C B     A A   N/A No
222254076       31958965     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. - Missing from file       Reviewer Comment (2024-10-02): Not required, per guidelines 10/02/2024     1 C A C A C A C A C A   LA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222254076       31958966     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   Missing for [REDACTED]       Reviewer Comment (2024-10-08): OFAC provided and within the fraud report


Reviewer Comment (2024-10-08): [REDACTED]  is not on the fraud report


Buyer Comment (2024-10-03): OFAC is on the fraud report already		 10/08/2024     1 C A C A C A C A C A   LA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222254078       31958968     Credit Credit Credit Documentation Credit No evidence of fraud report in file - Fraud report is missing for the guarantor.       Reviewer Comment (2024-10-11): Fraud Report provided, cleared exception.


Buyer Comment (2024-10-09): FraudPlus Report uploaded		 10/11/2024     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222254078       31958970     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Missing housing history or rent free letter for Borrower's current address.       Reviewer Comment (2024-10-08): VOR for primary residence provided 10/08/2024     1 C A C A C A C A D A   NY Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222254080       31958972     Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Subject property has tenant, lease agreement is missing for subject property.       Reviewer Comment (2024-10-11): month-to-month lease provided


Buyer Comment (2024-10-08): please see below per guidelines: In the event the tenancy is at will with no formal lease agreement in place, a letter from the Applicant outlining terms may be accepted.		 10/11/2024     1 C A C A C A C A C A   MA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222254080       31958974     Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided   Missing lease agreement for subject property to calculate DSCR.       Reviewer Comment (2024-10-11): Month-to-month provided


Buyer Comment (2024-10-08): In the event the tenancy is at will with no formal lease agreement in place, a letter from the Applicant outlining terms may be accepted. I have uploaded the At Will letter. Please advise.		 10/11/2024     1 C A C A C A C A C A   MA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222254082       31958977     Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. - Final Inspection / 442 completion report is missing.       Reviewer Comment (2024-10-11): Form 442 provided


Buyer Comment (2024-10-08): See uploaded 1004D		 10/11/2024     1 C A C A C A C A C A   ID Investment Refinance - Rate/Term   C A C A     C A   N/A No
222254082       31958979     Credit Credit Miscellaneous Guideline Credit Exception:   Calculated DSCR is 1.94, based off the market rent of [REDACTED]. Tape DSCR is 1.56, which is significantly different than the calculated. provide a breakdown of the DSCR of 1.56.       Reviewer Comment (2024-10-11): Comparable rent schedule for short-term rental provided and [REDACTED] used for DSCR, which matches the lender DSCR.


Buyer Comment (2024-10-08): It's a short term rental so the market rent is at [REDACTED] which put DSCR at [REDACTED]
Please delete condition.		 10/11/2024     1 C A C A C A C A C A   ID Investment Refinance - Rate/Term   C A C A     C A   N/A No
222254566       31972008     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-10-29): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Seller Comment (2024-10-29): Comment from Phuong Do ([REDACTED]): PDI


Reviewer Comment (2024-10-28): PDI not provided. The subject property is located in a FEMA disaster that does not have a declared end date. HURRICANE (REDACTED) Disaster Declaration Date: [REDACTED]  is populating for the subject property. TPR system is tied-in directly to FEMA.


Seller Comment (2024-10-25): Comment from [REDACTED] ([REDACTED] : FEMA Search. County is not in FEMA Disaster Declared.		     10/29/2024 2 C B C B C B C B C B   GA Investment Purchase   C B C B     A A   N/A No
222254566       31981701     Credit Guideline Guideline Issue Guideline Verification of housing pay history is required.   Credit exception approval provided. However tax verification payment history required per approval not evident in loan file.       Reviewer Comment (2024-10-29): Received in trailing documents.


Seller Comment (2024-10-28): Comment from [REDACTED] ([REDACTED]): Tax and ins.


Reviewer Comment (2024-10-28): Per exception approval document, housing payment history ([REDACTED]) must be confirmed. Please see Doc [REDACTED].


Buyer Comment (2024-10-25): Comment from [REDACTED] ([REDACTED] : This is a DSCR transaction.  Taxes (and insurance) are not required on other REO.  Please waive.		 10/29/2024     1 C A C A C A C A C A   GA Investment Purchase   C B C B     A A   N/A No
222254657       31969440     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-10-28): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Seller Comment (2024-10-25): Comment from [REDACTED] ([REDACTED]): PDI attached		     10/28/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222254657       31972922     Credit Credit Miscellaneous Guideline Credit Exception:   The background reflects a felony ([REDACTED]) for the guarantor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-10-24): Waived and downgraded per client email/ sheet based on available compensating factors.     10/24/2024 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222254673       31983452     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-10-29): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Seller Comment (2024-10-29): Comment from [REDACTED]([REDACTED]: Post-Disaster Inspection attached		     10/29/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222254673       31993557     Credit Credit Miscellaneous Guideline Credit Exception:   The background reflects a felony ([REDACTED]) for the guarantor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-10-28): Waived and downgraded per client email/ sheet based on available compensating factors.     10/28/2024 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222261200       31982460     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2 -         Reviewer Comment (2024-10-30): Received UCDP Report in trailing.


Seller Comment (2024-10-30): Comment from [REDACTED]([REDACTED]): Attached		 10/30/2024     1 D A D A D A D A D A     Investment Refinance - Cash-out - Other   D A D A     D A   N/A No
222261200       31998154     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Per guidelines, Rent Roll document is required. Document provided (REDACTED) is illegible.       Reviewer Comment (2024-10-31): Received Rent Roll, exception cleared.


Seller Comment (2024-10-30): Comment from [REDACTED] ([REDACTED]): rent roll


Reviewer Comment (2024-10-30): While the matrix speaks to qualification method, the guidelines require a Rent Roll under "Application and Submission" requirements. provided document is illegible.


Seller Comment (2024-10-30): Comment from [REDACTED]([REDACTED]): Guideline		 10/31/2024     1 C A C A C A C A D A     Investment Refinance - Cash-out - Other   D A D A     D A   N/A No
222261200       31999052     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy.   Per guidelines: Min. 1.20 DSCR for 75% cash-out.       Reviewer Comment (2024-10-30): Matrix confirms [REDACTED] minimum DSCR.


Seller Comment (2024-10-30): Comment from [REDACTED]([REDACTED]): Guidelines, DSCR [REDACTED]		 10/30/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   D A D A     D A   N/A No
222263884       31988061     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-05): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-05): [REDACTED] - Please waive down


Reviewer Comment (2024-11-01): Moved to [REDACTED] for waiver and downgrade consideration.  Trailing PDI reflects no damage and is after the disaster declaration however an end date has not been declared.


Seller Comment (2024-10-30): Inspection		     11/05/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222263887       31986882     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-11-01): Included in trailing docs


Seller Comment (2024-11-01): Uploaded inspection		 11/01/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222263890       31991157     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-01): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-01): [REDACTED] - Please waive down


Reviewer Comment (2024-10-30): Moved to [REDACTED] for waiver and downgrade consideration - PDI is dated after disaster declaration date and reflects no damage however a disaster end date has not been declared		     11/01/2024 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263890       31991167     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263892       31991720     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263896       31986926     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Rate/Term   B B B B     A A   N/A No
222263900       31988167     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Purchase   B B B B     A A   N/A No
222263902       31997147     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263902       31997153     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-11-01): Included in trailing docs


Seller Comment (2024-11-01): no damage		 11/01/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263904       31987593     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Birth Date  was not provided -                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263907       31990100     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263907       31990108     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-10-31): Included in TD.


Seller Comment (2024-10-29): inspection		 10/31/2024     1 C A C A C A C A C A   TN Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263911       32020931     Credit Credit Miscellaneous Guideline Credit Exception:   The signature page of the Guaranty is not completely legible.  Please provide an executed version that is entirely legible. The qualifying DSCR on the loan is greater than the guideline minimum. 20 points over the minimum represents a comp factor per [REDACTED] Waiver Policy. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] .


Buyer Comment (2024-11-19): ok to waive/downgrade with comp factors


Reviewer Comment (2024-11-01): Moved to [REDACTED] to advise if this exception can be cleared given receipt of the trailing unexecuted legible version of the signature page.  The executed version of the signature page in the [REDACTED]  file is not entirely legible.


Seller Comment (2024-10-31): the signed page was shipped to the investor, uploaded a blank copy of what was signed		     11/19/2024 2 C B C B C B C B C B   OH Investment Purchase   C B C B     A A   N/A No
222263912       31994336     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263919       31997901     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   VA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263920       31993484     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263921       31994371     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263925       31993632     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263926       31991191     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-05): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-05): [REDACTED]  - Please waive down


Reviewer Comment (2024-11-01): Moved to [REDACTED] for waiver and downgrade consideration.  Trailing PDI reflects no damage and is after the disaster declaration however an end date has not been declared.


Seller Comment (2024-10-30): Inspection		     11/05/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263927       31987018     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263928       31998311     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263929       31991160     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263929       31991162     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-05): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-05): [REDACTED]  - Please waive down


Reviewer Comment (2024-11-01): Moved to [REDACTED] for waiver and downgrade consideration.  The trailing PDI reflects no damage and was after the disaster declaration however an end date has not been declared.


Seller Comment (2024-10-31): disaster inspection in file is dated [REDACTED]  which is after the disaster referred to		     11/05/2024 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263929       32021466     Credit Credit Miscellaneous Guideline Credit Exception:   The Operating Agreement in file is not executed.       Reviewer Comment (2024-11-07): Included in TD.


Seller Comment (2024-11-07): Uploaded OA that was provided by the borrower w executed signature pages


Reviewer Comment (2024-11-05): Only the signature page was provided and the format is different compared to the unsigned version in file.  Please provide all pages of the executed OA.


Seller Comment (2024-11-01): the signed pages are from the oa that is in file


Reviewer Comment (2024-11-01): Only the signature page was provided.  Please provide all pages of the executed OA.


Seller Comment (2024-10-31): uploaded document		 11/07/2024     1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263931       31987229     Credit Credit Miscellaneous Guideline Credit Exception:   One of the two parcels/ addresses included in collateral is a vacant parcel (neighboring property).  Value from the vacant parcel appears to be included in the total appraised value.  Additionally, release provisions are not apparent as the loan was not originated as a portfolio loan.  [REDACTED] consideration is required.  Among other things, vacant parcels are typically ineligible per [REDACTED]. The representative FICO score exceeds the guideline minimum by at least 40 points.   SitusAMC Reviewer Comment (2024-11-05): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-05): [REDACTED]  - please waive down


Reviewer Comment (2024-11-05): Moved to [REDACTED] for waiver and downgrade consideration.


Seller Comment (2024-11-04): per our[REDACTED]  ; The appraiser added the following comments to page [REDACTED]  of the report "-No lot size adjustments were applied to any of the comparables utilized in this report and none were warranted. The subjects second parcel is a small surplus land parcel (unbuildable due to setback requirements) and was given no additional value consideration.		     11/05/2024 2 C B C B C B C B C B   IN Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263936       31991765     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263946       31989769     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263950       31993755     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-05): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-05): AMC - Please waive down


Reviewer Comment (2024-11-01): Moved to [REDACTED] for waiver and downgrade consideration.  Trailing PDI confirms no damage and it is dated after the disaster declaration date however an end date has not been declared.


Seller Comment (2024-10-31): no damage		     11/05/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222263951       31991444     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263952       31996196     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263954       31989655     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263955       31993607     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MN Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
222263955       31993631     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2024-10-29): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   MN Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
222263957       31998713     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-11-01): Included in trailing documents


Seller Comment (2024-10-31): [REDACTED] inspection		 11/01/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263957       31998718     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222263958       31988220     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263968       31994543     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   B B B B     A A   N/A No
222263969       31990082     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263971       31992567     Credit Credit Miscellaneous Guideline Credit Exception:   One of the two parcels/ addresses included in collateral is a vacant parcel (neighboring property).  Value from the vacant parcel appears to be included in the total appraised value.  Additionally, release provisions are not apparent as the loan was not originated as a portfolio loan.  [REDACTED] consideration is required.  Among other things, vacant parcels are typically ineligible per [REDACTED]. The representative FICO score exceeds the guideline minimum by at least 40 points. High FICO Aggregator,SitusAMC Reviewer Comment (2024-11-05): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-05): [REDACTED] - please waive down


Reviewer Comment (2024-11-05): Moved to [REDACTED] for waiver and downgrade consideration.


Seller Comment (2024-11-01): The value given to the vacant land is [REDACTED] based on the site adjustment. I would like to argue that if the value were reduced by [REDACTED]  we would still be within [REDACTED]  LTV		     11/05/2024 2 C B C B C B C B C B   OH Investment Purchase   C B C B     A A   N/A No
222263973       31991564     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   B B B B     A A   N/A No
222263975       31999470     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   CO Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263979       31997985     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.           Reviewer Comment (2024-11-05): Included in TD.


Seller Comment (2024-11-04): uploaded disaster inspection= no noted damage		 11/05/2024     1 C A C A C A C A C A   GA Investment Purchase   C A C A     A A   N/A No
222263982       31998274     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222263986       31987814     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AZ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222266265       32016226     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. Lender exception approval is in file. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Low LTV

High FICO		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2024-11-01): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-01): AMC - Please waive down


Reviewer Comment (2024-10-30): Moved to [REDACTED] for waiver and downgrade consideration.  A lender exception approval is in file.		     11/01/2024 2 C B C B C B C B C B     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222269446       32023729     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2024-11-09): Received in trailing documents.


Seller Comment (2024-11-08): Comment from [REDACTED] ([REDACTED]): see attached		 11/09/2024     1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
222269825       32024934     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-10-31): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]     10/31/2024 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222269825       32034344     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. DSCR does not meet minimum .80 required per investor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-11-08): Waive per email dated [REDACTED] from client     11/08/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222270475       32021248     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2 - Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-03-10): received desk review


Reviewer Comment (2024-11-12): Received UCDP collateral score, Exception cleared.


Seller Comment (2024-11-12): Comment from [REDACTED]([REDACTED].): Apologies. [REDACTED]


Reviewer Comment (2024-11-09): Appraisal provided [REDACTED] is not for the subject property -[REDACTED]


Seller Comment (2024-11-07): Comment from[REDACTED]([REDACTED].): Corrected attached.


Reviewer Comment (2024-11-05): UCDP Report provided is not for [REDACTED]


Seller Comment (2024-11-05): Comment from [REDACTED] ([REDACTED]): Attached.		 03/10/2025     1 D A D A D A D A D A     Investment Purchase   D B D B     D A   N/A No
222270475       32040643     Credit Guideline Guideline Issue Guideline Borrower is a first time home buyer and ineligible per guidelines. - Per guidelines: If any of the Borrower/Qualifying Guarantors are a first-time homebuyer then the loan will require an exception. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-11-25): Client approves per email dated [REDACTED]


Reviewer Comment (2024-11-05): Guarantor purchased primary residence on [REDACTED]. At the time of origination, guarantor was ineligible per FTHB guidelines.


Seller Comment (2024-11-05): Comment from [REDACTED] ([REDACTED].): Borrower is not a first-time homebuyer- borrower owns [REDACTED]  (paid cash). Final SS attached.		     11/25/2024 2 C B C B C B C B C B     Investment Purchase   D B D B     D A   N/A No
222270475       32040738     Credit Document Error General Document Error Property Loan Amount was not provided and required by guidelines.   Missing allocated loan amounts required per guidelines.       Reviewer Comment (2024-11-07): Received in trailing documents.


Seller Comment (2024-11-05): Comment from [REDACTED] ([REDACTED].): Final Loan Approval attached. Please see [REDACTED].		 11/07/2024     1 C A C A C A C A C A     Investment Purchase   D B D B     D A   N/A No
222270475       32040808     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Property Rent Roll required per guidelines.       Reviewer Comment (2024-11-05): Received in trailing documents.


Seller Comment (2024-11-05): Comment from [REDACTED] ([REDACTED].): Attached.		 11/05/2024     1 C A C A C A C A D A     Investment Purchase   D B D B     D A   N/A No
222270475       32067801     Credit Investment Product General Investment Product Total Property Loan Amounts does not equal the original loan amount. Total Property Loan Amounts: ___;    Original Loan Amount: ___   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-11-07): .[REDACTED]  difference due to rounding.     11/07/2024 2   B   B   B   B   B     Investment Purchase   D B D B     D A   N/A No
222273390       32034632     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided           Reviewer Comment (2024-11-15): Received in trailing documents.


Seller Comment (2024-11-08): Please clarify what a Fraud report is and why it's requested		 11/15/2024     1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
222273390       32049160     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided           Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): Background		 11/06/2024     1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
222273403       32035196     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2024-11-07): Received updated policy.


Seller Comment (2024-11-05): Updated title		 11/07/2024     1 B A B A B A B A B A   TX Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
222273510       32025262     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The representative FICO score exceeds the guideline minimum by at least 40 points.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-11-01): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]     11/01/2024 2 B B B B B B B B B B   FL Investment Purchase   B B B B     A A   N/A No
222274346       32040581     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Birth Date  was not provided -         Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): DOB [REDACTED] is referenced on application		 11/06/2024     1 B A B A B A B A B A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222274346       32040585     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003           Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): DOB [REDACTED] s referenced on the application


Seller Comment (2024-11-05): Application		 11/06/2024     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222274346       32040586     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided           Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): Formation		 11/06/2024     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222274346       32040587     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): Status		 11/06/2024     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222274346       32040588     Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided           Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): Credit		 11/06/2024     1 D A D A D A D A D A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222274346       32040589     Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided           Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): Flood		 11/06/2024     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222274346       32040590     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided           Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): Fraud report hasn't been requested before. Please clarify what you need. Background report attached.		 11/06/2024     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222274346       32040591     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided           Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): Op Agmt		 11/06/2024     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222274346       32040592     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided           Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): ID		 11/06/2024     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222274346       32040597     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy.           Reviewer Comment (2024-11-06): Received in trailing documents.


Seller Comment (2024-11-05): FICO is [REDACTED] Per BPC Long Term Rental Underwriting GL [REDACTED]  - FICO requirements attached		 11/06/2024     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222275229       32034262     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.           Reviewer Comment (2024-11-06): Guidelines confirmed.


Seller Comment (2024-11-05): [REDACTED]  is ok. Per BPC Long Term Rental Underwriting GL [REDACTED]  - max is [REDACTED]  for refinance-rate and term, FICO [REDACTED]		 11/06/2024     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222290221       32036306     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2024-11-05): Received in trailing documents.


Seller Comment (2024-11-05): Comment from [REDACTED]([REDACTED]): Business Purpose Cert		 11/05/2024     1 C A C A C A C A C A   MO Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222290221       32036307     Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided           Reviewer Comment (2024-11-05): Received in trailing documents.


Buyer Comment (2024-11-05): Comment from [REDACTED] ([REDACTED] .): Please see Business Purpose Cert uploaded today


Reviewer Comment (2024-11-04): Exception to be updated with receipt of Business Purpose Certificate.


Buyer Comment (2024-11-04): Comment from [REDACTED]  ([REDACTED]): See Doc I[REDACTED]		 11/05/2024     1 C A C A C A C A C A   MO Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222290257       32036334     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.     Property inspected post disaster but pre-FEMA declaration of disaster end date.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-11-05): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Reviewer Comment (2024-11-05): Appraiser inspected property prior to (REDACTED) Declared date. PDI required.


Seller Comment (2024-11-05): Comment from [REDACTED] ([REDACTED]: Disaster		     11/05/2024 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
222290257       32047691     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2024-11-05): Received in trailing documents.


Seller Comment (2024-11-05): Comment from [REDACTED]([REDACTED]): Approval		 11/05/2024     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
222290257       32047702     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2024-11-05): Received in trailing documents.


Seller Comment (2024-11-05): Comment from [REDACTED]([REDACTED]: Certificate		 11/05/2024     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
222290278       32042470     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided     Borrower has owned the subject property for at least[REDACTED]years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-11-26): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-11-18): Moved to Investor queue for downgrade consideration. Consummation date[ REDACTED]. Business Purpose Cert received post-closing, dated [REDACTED] . At the time of loan closing, a Business Purpose Certificate was not executed by the borrower.


Seller Comment (2024-11-18): Comment from [REDACTED] ([REDACTED]): Business Cert Attached		     11/26/2024 2 C B C B C B C B C B   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222290278       32042473     Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided           Reviewer Comment (2024-11-12): Received in trailing documents.


Seller Comment (2024-11-12): Comment from[REDACTED][REDACTED]: Cash Out


Reviewer Comment (2024-11-06): Nothing additional provided for this exception.


Seller Comment (2024-11-06): Comment from [REDACTED] [REDACTED]): Cash out		 11/12/2024     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222290278       32042474     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided           Reviewer Comment (2024-11-12): Document provided does not confirm membership percentage. EIN confirms single member.


Seller Comment (2024-11-12): Comment from [REDACTED] ([REDACTED]): PDF and LoX uploaded


Seller Comment (2024-11-12): Comment from [REDACTED] ([REDACTED]): PDF Reuploaded


Reviewer Comment (2024-11-06): Document provided does not confirm single member entity.


Seller Comment (2024-11-06): Comment from [REDACTED]([REDACTED]): the borrower is [REDACTED]  and a Corporate Resolution is not required. See attached proof sole owner		 11/12/2024     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222290278       32042475     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided     Borrower has owned the subject property for at least[REDACTED]years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-02): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-11-20): Required per guidelines.


Seller Comment (2024-11-20): Comment from [REDACTED] ([REDACTED]): Can you please clarify what is the purpose of getting the Corp Operating Agreement? If it is to verify [REDACTED]  of ownership we have a ETIN in the loan file that says she is the SOLE MBR.


Reviewer Comment (2024-11-18): Received Corporate Resolution. Missing Operating Agreement.


Seller Comment (2024-11-18): Comment from [REDACTED] ([REDACTED]): Op Agreement Attached		     12/02/2024 2 C B C B C B C B C B   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222290278       32042476     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided     Borrower has owned the subject property for at least[REDACTED]years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-02): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-11-18): Moved to Investor queue for downgrade consideration. Consummation date [REDACTED]. Guarantor Agreement received post-closing, dated [REDACTED] . At the time of loan closing, a Guarantor Agreement was not executed by the borrower.


Seller Comment (2024-11-18): Comment from [REDACTED] ([REDACTED]): Guarantor Agreement Attached		     12/02/2024 2 D B D B D B D B D B   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222290278       32047738     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2024-11-05): Received in trailing documents.


Seller Comment (2024-11-05): Comment from [REDACTED] [REDACTED]): Approval		 11/05/2024     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222290830       32037921     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
222306163       32052271     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-06): Moved to [REDACTED] for waiver and downgrade consideration.  The trailing PDI was performed after the disaster declaration date and reflects no damage however it was before the declared disaster end date.


Seller Comment (2024-11-06): uploaded disaster inspection no damage		     11/19/2024 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306166       32051844     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306166       32058920     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-07): Moved to [REDACTED] for waiver and downgrade consideration - the trailing PDI confirms no damage and is dated after the disaster declaration date but before the declared end date.


Seller Comment (2024-11-07): disaster inspection is from file is dated [REDACTED]  which is a week after the hurricane occurred		     11/19/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306168       32055961     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222306172       32048755     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2024-11-05): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   TX Investment Refinance - Rate/Term   B B B B     B B   N/A No
222306172       32048779     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   B B B B     B B   N/A No
222306177       32048665     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306177       32048671     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator

SitusAMC		 Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-07): Moved to [REDACTED] for waiver and downgrade consideration - the trailing PDI confirms no damage and is dated after the disaster declaration date but before the declared end date.


Seller Comment (2024-11-07): uploaded disaster inspection		     11/19/2024 2 C B C B C B C B C B   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306178       32051638     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222306179       32053506     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-06): Moved to [REDACTED] for waiver and downgrade consideration.  The trailing PDI was performed after the disaster declaration date and reflects no damage however it was before the declared disaster end date.


Seller Comment (2024-11-06): disaster inspection in file is dated [REDACTED], which is after the hurricane		     11/19/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306188       32055669     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306188       32055671     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-11-12): Included in TD.


Seller Comment (2024-11-08): uploaded disaster inspection		 11/12/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306189       32051476     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222306191       32048834     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222306193       32055262     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222306196       32048540     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-06): Moved to [REDACTED] for waiver and downgrade consideration.  The trailing PDI was performed after the disaster declaration date and reflects no damage however it was before the declared disaster end date.


Seller Comment (2024-11-05): Uploaded disaster inspection		     11/19/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306202       32054545     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222306209       32054324     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-12): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection in file is dated after the disaster declaration date and confirms no damage  but was completed prior to the declared disaster end date.


Reviewer Comment (2024-11-12): EXCEPTION HISTORY - Exception Explanation was updated on [REDACTED]  PRIOR Exception Explanation: Most Recent Valuation Inspection Date: [REDACTED]              
Disaster End Date: [REDACTED]
Disaster Name: HURRICANE (REDACTED)
Disaster Declaration Date: [REDACTED]


Seller Comment (2024-11-07): Uploaded inspection		     11/19/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306211       32055442     Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing           Reviewer Comment (2024-11-10): Received Title Commitment, exception cleared.


Reviewer Comment (2024-11-07): We are missing the prelim/ commitment


Seller Comment (2024-11-07): We have [REDACTED]  to receive our FTPs from our closing agents. This was requested, but it is not a requirement yet as this loan closed [REDACTED]		 11/10/2024     1 C A C A C A C A C A   MI Investment Refinance - Rate/Term   C A C A     A A   N/A No
222306211       32055443     Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file.           Reviewer Comment (2024-11-13): prelim in TD


Seller Comment (2024-11-12): Final title is not available as of yet we have [REDACTED] to obtain from the time of closing


Reviewer Comment (2024-11-10): Received Title Commitment & Final Title is missing, exception remains.


Seller Comment (2024-11-08): This exception is requesting final title, but prelim was uploaded to the file. Thanks!


Seller Comment (2024-11-08): This exception is requesting final title policy. Prelim uploaded


Reviewer Comment (2024-11-07): We are missing the prelim/ commitment


Seller Comment (2024-11-07): We have [REDACTED]  to receive our FTPs from our closing agents. This was requested, but it is not a requirement yet as this loan closed [REDACTED] days ago		 11/13/2024     1 C A C A C A C A C A   MI Investment Refinance - Rate/Term   C A C A     A A   N/A No
222306212       32051351     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Purchase   B B B B     A A   N/A No
222306241       32051976     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-11-13): Included in TD.


Seller Comment (2024-11-12): Please see the disaster inspection showing no disaster		 11/13/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222306245       32056674     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NJ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222306246       32057216     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   WI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222306247       32055999     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-12): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection in file is dated after the disaster declaration date and confirms no damage  but was completed prior to the declared disaster end date.


Seller Comment (2024-11-08): uploaded disaster inspection		     11/19/2024 2 C B C B C B C B C B   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306250       32050991     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222306253       32055672     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306253       32055676     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-12): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection in file is dated after the disaster declaration date and confirms no damage  but was completed prior to the declared disaster end date.


Reviewer Comment (2024-11-12): EXCEPTION HISTORY - Exception Explanation was updated on [REDACTED] PRIOR Exception Explanation: Most Recent Valuation Inspection Date: [REDACTED]            
Disaster End Date:[REDACTED]
Disaster Name: HURRICANE (REDACTED)
Disaster Declaration Date: [REDACTED]


Seller Comment (2024-11-08): uploaded disaster inspection		     11/19/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222306258       32047765     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222306259       32047848     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222308527       32060754     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2024-11-14): Received Title Final, exception cleared.


Seller Comment (2024-11-14): Comment from [REDACTED] ([REDACTED]): Please see attached Final Title Policy		 11/14/2024     1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222308527       32068421     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2024-11-14): Received in trailing documents.


Seller Comment (2024-11-14): Comment from [REDACTED] ([REDACTED]): Please see attached		 11/14/2024     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222308538       32059996     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided   The file is missing a copy of the purchase agreement, copies of the addenda are in file.       Reviewer Comment (2024-11-09): Received in trailing documents.


Seller Comment (2024-11-08): Comment from [REDACTED] ([REDACTED]): Sales Contract Attached with Addendum		 11/09/2024     1 D A D A D A D A D A   NV Investment Purchase   D A D A     A A   N/A No
222308699       32063632     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-11-08): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Seller Comment (2024-11-08): Comment from [REDACTED] ([REDACTED]: DIR		     11/08/2024 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
222313401       32076074     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines: State Restrictions for IL: Max LTV of 75% for purchase and 70% for refinances. Loan reviewed to Expanded Offering which allows for 40-year amortization.       Reviewer Comment (2024-11-20): Received updated guidelines effective [REDACTED]. State restrictions do not apply on the updated guidelines. Data and testing updated. 11/20/2024     1 C A C A C A C A C A   IL Investment Refinance - Rate/Term   C A C A     A A   N/A No
222313404       32059924     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage shortfall [REDACTED].Hazard Insurance dwelling amount is insufficient to cover the loan amount.       Reviewer Comment (2024-11-12): Confirmation of RCE received in trailing documents.


Seller Comment (2024-11-12): Comment from [REDACTED][REDACTED].): Please see attached insurance agent email. Dwelling amount is Replacement Cost.		 11/12/2024     1 C A C A C A C A C A   TN Investment Refinance - Rate/Term   C A C A     A A   N/A No
222313406       32062093     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222313414       32076095     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines: State Restrictions for IL: Max LTV of 75% for purchase and 70% for refinances. Loan reviewed to Expanded Offering which allows for 40-year amortization.       Reviewer Comment (2024-11-20): Received updated guidelines effective[REDACTED]. State restrictions do not apply on the updated guidelines. Data and testing updated. 11/20/2024     1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222313415       32076261     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines: State Restrictions for IL: Max LTV of 75% for purchase and 70% for refinances. Loan reviewed to Expanded Offering which allows for 40-year amortization.       Reviewer Comment (2024-11-20): Received updated guidelines effective[REDACTED]. State restrictions do not apply on the updated guidelines. Data and testing updated. 11/20/2024     1 C A C A C A C A C A   IL Investment Refinance - Rate/Term   C A C A     A A   N/A No
222313417       32063439     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.     The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-11-13): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]


Seller Comment (2024-11-13): Comment from [REDACTED]  ([REDACTED].): Attached.		     11/13/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222313425       32063650     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2024-11-11): Received in trailing documents.


Seller Comment (2024-11-11): Comment from [REDACTED](Guaranteed Rate): Note		 11/11/2024     1 C A C A C A C A C A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A Yes
222313440       32076298     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines: State Restrictions for IL: Max LTV of 75% for purchase and 70% for refinances. Loan reviewed to Expanded Offering which allows for 40-year amortization.       Reviewer Comment (2024-11-20): Received updated guidelines effective[REDACTED] State restrictions do not apply on the updated guidelines. Data and testing updated. 11/20/2024     1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222313446       32076307     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines: State Restrictions for IL: Max LTV of 75% for purchase and 70% for refinances. Loan reviewed to Expanded Offering which allows for 40-year amortization.       Reviewer Comment (2024-11-20): Received updated guidelines effective [REDACTED]. State restrictions do not apply on the updated guidelines. Data and testing updated. 11/20/2024     1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222313448       32063667     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2024-11-11): Received Desk Review, exception cleared.


Seller Comment (2024-11-11): Comment from [REDACTED]PRMG): Please see 2nd valuation		 11/11/2024     1 D A D A D A D A D A   TX Investment Refinance - Cash-out - Other   D A A A     D A   N/A No
222313457       32076323     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines: State Restrictions for IL: Max LTV of 75% for purchase and 70% for refinances. Loan reviewed to Expanded Offering which allows for 40-year amortization.       Reviewer Comment (2024-11-20): Received updated guidelines effective [REDACTED]. State restrictions do not apply on the updated guidelines. Data and testing updated. 11/20/2024     1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222313458       32075936     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines: State Restrictions for IL: Max LTV of 75% for purchase and 70% for refinances. Loan reviewed to Expanded Offering which allows for 40-year amortization.       Reviewer Comment (2024-11-20): Received updated guidelines effective [REDACTED]. State restrictions do not apply on the updated guidelines. Data and testing updated. 11/20/2024     1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222313480       32076410     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines: State Restrictions for IL: Max LTV of 75% for purchase and 70% for refinances. Loan reviewed to Expanded Offering which allows for 40-year amortization.       Reviewer Comment (2024-11-20): Received updated guidelines effective [REDACTED] State restrictions do not apply on the updated guidelines. Data and testing updated. 11/20/2024     1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222313482       32076417     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines: State Restrictions for IL: Max LTV of 75% for purchase and 70% for refinances. Loan reviewed to Expanded Offering which allows for 40-year amortization.       Reviewer Comment (2024-11-20): Received updated guidelines effective[REDACTED]. State restrictions do not apply on the updated guidelines. Data and testing updated. 11/20/2024     1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222313483       32076426     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Per guidelines: State Restrictions for IL: Max LTV of 75% for purchase and 70% for refinances. Loan reviewed to Expanded Offering which allows for 40-year amortization.       Reviewer Comment (2024-11-20): Received updated guidelines effective [REDACTED] State restrictions do not apply on the updated guidelines. Data and testing updated. 11/20/2024     1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222313485       32064101     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided           Reviewer Comment (2024-11-12): Received Driver's License, exception cleared.


Seller Comment (2024-11-12): Comment from [REDACTED]([REDACTED].): Attached.		 11/12/2024     1 C A C A C A C A C A   NM Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222313485       32067502     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   The file is missing copy of the Operating Agreement for [REDACTED], which is 100% owner of the borrowing business entity. Unable to confirm Guarantor's percentage of ownership.       Reviewer Comment (2024-11-12): Received Operating Agreement, exception cleared.


Seller Comment (2024-11-12): Comment from [REDACTED]([REDACTED].): Attached.		 11/12/2024     1 C A C A C A C A C A   NM Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222314785       32152155     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___.   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-12-13): Waive per client


Buyer Comment (2024-12-11): ok to waive/downgrade with comp factors


Reviewer Comment (2024-11-21): Cash to borrow of [REDACTED] exceeds [REDACTED] of the loan amount.


Seller Comment (2024-11-20): Max if[REDACTED] for no cash out refi with [REDACTED] FICO.		     12/13/2024 2 C B C B C B C B C B   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222315189       32072992     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2024-11-15): Received Closing Statement confirming proceeds from sale of additional REO. Assets and testing updated.


Buyer Comment (2024-11-14): Comment from [REDACTED] [REDACTED]): Please clarify the documentation needed, as the sale of[REDACTED]  results in more than sufficient assets for cash to close and reserves. Settlement statement previously provided.


Reviewer Comment (2024-11-13): Duplicate Bank statement documents are uploaded, exception remains.


Seller Comment (2024-11-13): Comment from [REDACTED] ([REDACTED] ): Please see the attached settlement statement		 11/15/2024     1 C A C A C A C A C A   MO Investment Purchase   C A C A     A A   N/A No
222315189       32073000     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2024-11-15): Received Closing Statement confirming proceeds from sale of additional REO. Assets and testing updated.


Reviewer Comment (2024-11-13): Duplicate Bank statement documents are uploaded, exception remains.


Seller Comment (2024-11-13): Comment from [REDACTED]  ([REDACTED]  Please see the attached asset statement and settlement statement		 11/15/2024     1 C A C A C A C A C A   MO Investment Purchase   C A C A     A A   N/A No
222328639       32076451     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-18): Moved to [REDACTED] for waiver and downgrade consideration.  Trailing PDI confirms no damage and is dated after the disaster declaration date but is before the declared end date.


Seller Comment (2024-11-14): Uploaded inspection		     11/19/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222328642       32074700     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222328646       32076828     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria. Sec ID: 10 Note Date:  ___; Lien Position: ___                 2 A A D D A A A A A A   OH Investment Purchase   D D A A     D D   N/A No
222328648       32072560     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Reviewer Comment (2024-11-13): Moved to [REDACTED] for waiver and downgrade consideration - PDI in file is dated after the disaster declaration and reflects no damage however it was performed before the declared disaster end date.		     11/19/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222328653       32076176     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided           Reviewer Comment (2024-11-15): Received Operating Agreement, Exception cleared.


Seller Comment (2024-11-15): per borrower there is no oa for [REDACTED]		 11/15/2024     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222328659       32085170     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Purchase   B B B B     A A   N/A No
222328671       32075524     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NJ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222328672       32075372     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222328677       32076057     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222328680       32075747     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222328687       32076432     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-11-19): inspection report provided


Seller Comment (2024-11-18): Uploaded disaster inspection		 11/19/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222328688       32086317     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222328693       32074655     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222328695       32090518     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
222328695       32849284     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.             02/21/2025     1   A   A   A   A   A   CA Investment Purchase   B B B B     A A   N/A No
222328704       32088439     Credit Credit Miscellaneous Guideline Credit Exception:   The subject collateral appears to include 3 parcels.  1 of the parcel consists of the subject dwelling and the other 2 are contiguous vacant lots.  [REDACTED] consideration is required.       Reviewer Comment (2024-11-19): Trailing docs and title confirm that the [REDACTED] parcels were combined into [REDACTED]  new parcel prior to closing of the subject loan.


Seller Comment (2024-11-18): Uploaded LOE; per our UW "the [REDACTED]  were combined into 1 larger parcel that took on the parcel [REDACTED]  (this was all completed prior to our loan but the tax years are paid in arrears so that is why we still see all [REDACTED] parcel/tax ID numbers). So the subject now only includes 1 parcel/lot."		 11/19/2024     1 C A C A C A C A C A   IN Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222328704       32088933     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IN Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222328706       32150115     Credit Credit Credit Eligibility Guideline Public Record Issue: -                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222328713       32085982     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. -         Reviewer Comment (2024-11-19): Received Spousal Consent, exception cleared.


Seller Comment (2024-11-18): Uploaded spousal consent for (REDACTED)		 11/19/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222328713       32086004     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided           Reviewer Comment (2024-11-19): Received Driver's License, exception cleared.


Seller Comment (2024-11-18): Uploaded DL for (REDACTED)		 11/19/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222328713       32150932     Credit Credit Miscellaneous Guideline Credit Exception:   5 property minimum required by portfolio guidelines was not met.  A lender exception approval is in file.  Moved to [REDACTED] for waiver and downgrade consideration. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Low LTV

High FICO		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-11-19): ok to waive/downgrade with comp factors


Reviewer Comment (2024-11-15): Moved to [REDACTED] for waiver and downgrade consideration.		     11/19/2024 2 C B C B C B C B C B     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222328716       32085157     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided           Reviewer Comment (2024-11-19): Received Driver's License, exception cleared.


Seller Comment (2024-11-18): ID scan		 11/19/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222328716       32085162     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___
Disaster Name: ___
Disaster Declaration Date: ___
Disaster End Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-11-19): Waived and downgraded per [REDACTED]


Buyer Comment (2024-11-19): ok to waive/downgrade with comp factors


Reviewer Comment (2024-11-19): Moved to [REDACTED] for waiver and downgrade consideration.  The appraisal reflects no storm damage and it was inspected after the disaster declaration date, however it was before the declared disaster end date.


Reviewer Comment (2024-11-19): EXCEPTION HISTORY - Exception Detail was updated on [REDACTED]  PRIOR Exception Detail: Address:[REDACTED] , Address: [REDACTED]
EXCEPTION HISTORY - Exception Explanation was updated on [REDACTED] PRIOR Exception Explanation: Most Recent Valuation Inspection Date: [REDACTED]
Disaster Name: HURRICANE (REDACTED)
Disaster Declaration Date: [REDACTED]
Disaster End Date: [REDACTED]
Most Recent Valuation Inspection Date:[REDACTED]
Disaster Name: HURRICANE (REDACTED)
Disaster Declaration Date: [REDACTED]
Disaster End Date: [REDACTED]


Reviewer Comment (2024-11-19): EXCEPTION HISTORY - Exception Detail was updated on [REDACTED]  PRIOR Exception Detail: Address: [REDACTED], (REDACTED), Address: [REDACTED], Address: [REDACTED]  Address:[REDACTED] , Address:[REDACTED]
EXCEPTION HISTORY - Exception Explanation was updated on [REDACTED] PRIOR Exception Explanation: Most Recent Valuation Inspection Date: [REDACTED]
Disaster Name: HURRICANE (REDACTED)
Disaster Declaration Date: [REDACTED]
Disaster End Date:[REDACTED]
Most Recent Valuation Inspection Date: [REDACTED]
Disaster Name: HURRICANE (REDACTED)
Disaster Declaration Date: [REDACTED]
Disaster End Date: [REDACTED]
Most Recent Valuation Inspection Date: [REDACTED]
Disaster Name: HURRICANE (REDACTED)
Disaster Declaration Date: [REDACTED]
Disaster End Date: [REDACTED]
Most Recent Valuation Inspection Date: [REDACTED]
Disaster Name: HURRICANE (REDACTED)
Disaster Declaration Date: [REDACTED]
Disaster End Date: [REDACTED]
Most Recent Valuation Inspection Date: [REDACTED]
Disaster Name: HURRICANE (REDACTED)
Disaster Declaration Date: [REDACTED]
Disaster End Date: [REDACTED]


Seller Comment (2024-11-18): These are located in the due diligence folder>property level documents>all appraisals folder.  They are labeled 1004D.  The re-inspections were only needed for [REDACTED]  of the properties.  The 1004Ds were completed after the disaster.  Only 1 property needed repairs and there is an additional 1004D (final) that verifies the repairs were made


Seller Comment (2024-11-18): These are located in the due diligence folder>property level documents>all appraisals folder.  They are labeled 1004D.  The re-inspections were only needed for[REDACTED]  of the properties.  The 1004Ds were completed after the disaster.  Only 1 property needed repairs and there is an additional 1004D (final) that verifies the repairs were made


Seller Comment (2024-11-18): These are located in the due diligence folder>property level documents>all appraisals folder.  They are labeled 1004D.  The re-inspections were only needed for 4 of the properties.  The 1004Ds were completed after the disaster.  Only [REDACTED]  property needed repairs and there is an additional 1004D (final) that verifies the repairs were made


Seller Comment (2024-11-18): These are located in the due diligence folder>property level documents>all appraisals folder.  They are labeled 1004D.  The re-inspections were only needed for 4 of the properties.  The 1004Ds were completed after the disaster.  Only 1 property needed repairs and there is an additional 1004D (final) that verifies the repairs were made		     11/19/2024 2 C B C B C B C B C B     Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222329489       32086710     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-11-12): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]     11/12/2024 2 B B B B B B B B B B   FL Investment Purchase   B B B B     A A   N/A No
222330599       32093648     Credit Credit Miscellaneous Guideline Credit Exception:   Missing UW income worksheet with breakdown of income being used for qualifying. File submission includes both STR and LTR documentation.       Reviewer Comment (2024-11-18): Received in trailing documents.


Seller Comment (2024-11-18): Comment from [REDACTED][REDACTED]: the STR calculation and the VRBO report that was used to calculate the STR		 11/18/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222330599       32093673     Credit Credit Miscellaneous Guideline Credit Exception:   Limited Loss Settlement Endorsement on hazard Insurance. Lender exception in file, (REDACTED). Missing Buyer/investor exception approval. Borrower has owned the subject property for at least [REDACTED] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-27): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-12-10): Received [REDACTED] approval. Missing Buyer/investor exception approval.


Seller Comment (2024-12-10): Comment from [REDACTED] ([REDACTED]: UW LOE and exception


Reviewer Comment (2024-11-19): Received [REDACTED] approval. Missing Buyer/investor exception approval.


Seller Comment (2024-11-19): Comment from [REDACTED] ([REDACTED]: Exception from file		     12/27/2024 2 C B C B C B C B C B   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222336440       32087193     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided     Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-11-26): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-11-21): Received post-closing Business Purpose Certificate. Moved to buyer queue for approval. At the time of loan consummation, borrower had not executed the required Business Purpose Cert. required for excluding compliance testing.


Seller Comment (2024-11-21): Comment from [REDACTED] ([REDACTED]): Business Cert		     11/26/2024 2 C B C B C B C B C B   NV Investment Purchase   C B C B     A A   N/A No
222336440       32087239     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.       Reviewer Comment (2024-11-15): Received in trailing documents.


Seller Comment (2024-11-14): Comment from [REDACTED] ([REDACTED]): Per team:
1) The INS POLICY is LABEL as Rental Property Insurance  on the top right hand said pf page 1
2) Page [REDACTED]  gives description of the Rental Policy
3) Page [REDACTED] and [REDACTED]  states the borrower is covered for [REDACTED]  months of market Rent, Per Appraisal is [REDACTED]in coverage		 11/15/2024     1 C A C A C A C A C A   NV Investment Purchase   C B C B     A A   N/A No
222336499       32086320     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-11-13): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]     11/13/2024 2 B B B B B B B B B B   FL Investment Purchase   C B C B     A A   N/A No
222336499       32086326     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo is warrantable. -         Reviewer Comment (2024-11-13): Received Condo Form, exception cleared.


Seller Comment (2024-11-13): Comment from [REDACTED] (REDACTED): Condo warranty		 11/13/2024     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
222342876       32127661     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2024-11-21): Received updated policy in trailing documents.


Seller Comment (2024-11-21): Comment from [REDACTED] ([REDACTED]: updated title		 11/21/2024     1 B A B A B A B A B A   MI Investment Refinance - Rate/Term   C A C A     A A   N/A No
222342876       32127663     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.           Reviewer Comment (2024-11-15): Confirmed guidelines, not required.


Seller Comment (2024-11-15): Comment from [REDACTED] ((REDACTED)  [REDACTED]: Attestation - not required for DSCR		 11/15/2024     1 C A C A C A C A C A   MI Investment Refinance - Rate/Term   C A C A     A A   N/A No
222358746       32129160     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Lease Agreement for subject property supports the property is a short term rental. Re-calculated DSCR is 0.47 with a maximum LTV of 75.00% per guidelines.       Reviewer Comment (2024-11-01): Updated based on the long term rental


Buyer Comment (2024-10-29): This is not a STR rental, I think it may have been mistaken for STR because of the [REDACTED]  lease. The LTV should be correct.  See uploaded Exception		 11/01/2024     1 C A C A C A C A C A   WA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222358746       32129161     Credit Guideline Guideline Issue Guideline Short Term Rental property consistently used as a seasonal or vacation rental (i.e., AirBnB) and evidence of at least 12 months of Operating History is not present in the loan file.   Missing 12 month rental history. Only one month current lease rent of [REDACTED] is documented received.       Reviewer Comment (2024-11-01): Updated based on the long term rental


Buyer Comment (2024-10-29): Approved Exception uploaded		 11/01/2024     1 C A C A C A C A C A   WA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222358746       32129162     Credit Credit Miscellaneous Guideline Credit Exception:   Missing 2 months rent receipts for use of higher rent       Reviewer Comment (2024-11-25): Rent receipts provided. Exception cleared.


Reviewer Comment (2024-11-01): Client elects to down grade and wavie using compensating factors
DSCR is [REDACTED] vs the minimum of [REDACTED]
FICO is [REDACTED] vs the minimum of [REDACTED]		 11/25/2024     1   A   A   A   A   A   WA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222362223       32158830     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided     Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-12-17): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-12-06): Received post-closing Business Purpose Certificate. Moved to buyer/investor queue. At the time of loan closing, a Business Purpose attestation was not provided which is required for omitting compliance testing.


Seller Comment (2024-12-06): Comment from [REDACTED] ([REDACTED]): See attached BPC		     12/17/2024 2 C B C B C B C B C B   NJ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222362223       32158831     Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided           Reviewer Comment (2024-11-19): Received in trailing documents.


Seller Comment (2024-11-19): Comment from [REDACTED] ([REDACTED]): Cash Out Letter		 11/19/2024     1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222362982       32152335     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided           Reviewer Comment (2024-11-21): Received in trailing documents.


Seller Comment (2024-11-21): Comment from [REDACTED] ([REDACTED]: final settlement stmt		 11/21/2024     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222413996       32166978     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   While a (REDACTED) to the Security Instrument has been provided, the Promissory Note is missing an executed (REDACTED)       Reviewer Comment (2024-11-26): Received in trailing documents.


Seller Comment (2024-11-26): Comment from [REDACTED]n ([REDACTED]: Note addendum		 11/26/2024     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A Yes
222413996       32232586     Credit Property - Appraisal General Appraisal Requirements Property - Appraisal Subject is a refinance and property is listed for sale. - Per CDA and LOE (REDACTED), property was listed for sale at time of application. Listing withdrawn on [REDACTED]. Unable to apply lender exception approval as Note states no PPP (condition of exception approval). While a PPP Rider to the Security Instrument has been provided, the Promissory Note is missing an executed PPP addendum. Borrower has owned the subject property for at least[REDACTED] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-11-26): Credit exception approval based on[REDACTED] or more compensating factors meeting client criteria.


Seller Comment (2024-11-26): Comment from [REDACTED] ([REDACTED]: Prepayment addendum		     11/26/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222423895       32242586     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2024-11-25): Received in trailing documents.


Seller Comment (2024-11-25): Comment from [REDACTED]([REDACTED]): Title supplement is in the file.		 11/25/2024     1 B A B A B A B A B A   CA Investment Refinance - Rate/Term   B A B A     A A   N/A No
222425326       32196777     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Low LTC Aggregator,SitusAMC Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-22): Moved to [REDACTED] for waiver and downgrade consideration - the appraisal in file is after declaration date and does not reflect damage, however an end date has not been declared.		     12/02/2024 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425327       32240493     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425331       32227524     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Purchase   B B B B     A A   N/A No
222425332       32231842     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425337       32236652     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425338       32242845     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator

SitusAMC		 Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-25): Moved to [REDACTED] for waiver and downgrade consideration.  The appraisal in file does not reflect storm damage and it was performed after the disaster declaration date.  However, an end date has yet to be declared.		     12/02/2024 2 C B C B C B C B C B   NC Investment Purchase   C B C B     A A   N/A No
222425342       32232861     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-04): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-04): AMC - Please waive down


Reviewer Comment (2024-11-29): Moved to [REDACTED] for waiver and downgrade consideration.  Inspection in file reflects no storm damage and was performed after the disaster declaration date, however it was performed prior to the declared end date.


Seller Comment (2024-11-26): Disaster inspection		     12/04/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425347       32235580     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   VA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425347       32248261     Credit Credit Miscellaneous Guideline Credit Exception:   The current lease (as is reported on the 1007) is missing.  Please provide the active lease with a term of [REDACTED] reflecting [REDACTED]/ month rent.       Reviewer Comment (2024-12-03): Rent roll from property management co confirms updated lease amount of [REDACTED] / month


Seller Comment (2024-12-02): Per UW Summary, "borrower cannot provide any additional documentation for current lease amount, ok as LOE on file and document provide is from the property management company's system and does show the current [REDACTED] lease length, that the property is tenant occupied, and the current rent amount, ok to proceed without anything additional - original lease still in place with automatic renewals each year - current rent also less than market rent." Uploaded LOE, Property Management Agreement, and PM Invoice


Seller Comment (2024-12-02): Per UW Summary, "borrower cannot provide any additional documentation for current lease amount, ok as LOE on file and document provide is from the property management company's system and does show the current [REDACTED]  lease length, that the property is tenant occupied, and the current rent amount, ok to proceed without anything additional - original lease still in place with automatic renewals each year - current rent also less than market rent." Uploaded LOE, Property Management Agreement, and PM Invoice


Reviewer Comment (2024-11-29): The trailing doc reflects [REDACTED] month.  Please provide the renewal document reflecting [REDACTED] / month/


Seller Comment (2024-11-26): The property manager provides proof of lease renewals by providing the rent roll with lease dates shown. The lease stipulates that it will renew without requiring to be resigned		 12/03/2024     1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425347       32248285     Credit Credit Miscellaneous Guideline Credit Exception:   The note was signed on behalf of the Trust and the BA in file also reflects that the borrowing entity is owned by a Trust.  However, the Operating Agreement appears to reflect that the Guarantor owns 100% individually.  Please provide the executed OA amendment.       Reviewer Comment (2024-11-29): Assignment in trailing docs


Seller Comment (2024-11-26): Per oa, assignor(guarantor)  hereby assigns assignee(trust), assignor's [REDACTED] membership interest in the LLC		 11/29/2024     1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425349       32233901     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Purchase   B B B B     A A   N/A No
222425351       32236699     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AZ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425357       32233232     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Hazard Insurance Policy Effective Date ___, Disbursement Date: ___         Reviewer Comment (2024-11-26): Hazard Insurance Prior to closing received, Exception Cleared


Seller Comment (2024-11-26): eoi from previous year [REDACTED] to [REDACTED]		 11/26/2024     1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222425358       32250020     Credit Credit Miscellaneous Guideline Credit Exception:   Borrowing Authorization in file reflects a 50/50 ownership split with regard to the borrowing entity.  The OA in file reflects a sole member with 100% ownership.  Please provide the amended OA to align with the BA.       Reviewer Comment (2024-11-29): Trailing docs confirm [REDACTED]  split for corporation


Seller Comment (2024-11-26): The borrowing entity is for [REDACTED] , not [REDACTED] . Attached OA and Tax Return showing two members w [REDACTED]  split


Seller Comment (2024-11-26): The borrowing entity is for [REDACTED] , not [REDACTED]  Attached OA and Tax Return showing two members w [REDACTED]  split		 11/29/2024     1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222425359       32250174     Credit Credit Miscellaneous Guideline Credit Exception:   The bylaws in file reflect 4 shareholders existed for the corporation/ borrowing entity.  The Ba in file reflects that the Guarantor is the only shareholder. There is an amendment in file however it is not executed by the 3 resigning shareholders.  Please provide a document executed by all acknowledging the release of their shares.       Reviewer Comment (2024-12-04): Included in TD.


Seller Comment (2024-12-04): Uploaded resignations


Reviewer Comment (2024-12-03): There is an amendment in file however it is not executed by the 3 resigning shareholders.  Please provide a document executed by all acknowledging the release of their shares.  Alternatively, please advise if you wish to move this exception to [REDACTED] for waiver and downgrade consideration.


Seller Comment (2024-12-02): Per [REDACTED]  Amendment attached recognizes [REDACTED]  to be the only member. Please advise, thanks		 12/04/2024     1 C A C A C A C A C A   TN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222425363       32233957     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-12-02): Waive per email dated[REDACTED]


Reviewer Comment (2024-11-25): Moved to [REDACTED] for waiver and downgrade consideration.  PDI reflects no storm damage but is dated before the declared disaster end date.		     12/02/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222425372       32237794     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425373       32236821     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425376       32235709     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AZ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425380       32233644     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425381       32232564     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-26): Moved to [REDACTED] for waiver and downgrade consideration.  PDI reflects no damage but was completed prior to the declared disaster end date.		     12/02/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222425386       32241721     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425395       32197047     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-26): Moved to [REDACTED] for waiver and downgrade consideration.  PDI dated after disaster declaration date reflects no storm damage however it is dated prior to the declared disaster end date.		     12/02/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425396       32232383     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NJ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425397       32209949     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425402       32241158     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   The title reflects the property in an individual name. The loan closed in a business entity. The deed in the file that transfers the property from the individual to the business is not complete.       Reviewer Comment (2024-11-28): Received Deed, exception cleared.


Seller Comment (2024-11-27): uploaded		 11/28/2024     1 D A D A D A D A D A   PA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222425404       32231905     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-26): Moved to [REDACTED] for waiver and downgrade consideration.  PDI in file reflects no structural damage but was completed prior to the declared disaster end date.		     12/02/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425406       32233051     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-26): Moved to [REDACTED] for waiver and downgrade consideration - PDI dated after the disaster declaration date reflects no storm damage however it was performed prior to the declared disaster end date.		     12/02/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222425413       32236871     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   B B B B     A A   N/A No
222425414       32237270     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-12-02): Post Disaster Inspection (PDI) Received, Exception Cleared


Seller Comment (2024-12-02): Uploaded disaster inspection		 12/02/2024     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
222425415       32238750     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AL Investment Refinance - Rate/Term   B B B B     A A   N/A No
222425416       32239984     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425418       32236492     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425418       32239497     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   The guidelines require all members and sub-entities to have an OFAC report. The OFAC report in the file does not contain the additional owner (REDACTED) and the sub-entity [REDACTED].       Reviewer Comment (2024-12-02): Received OFAC, exception cleared.


Seller Comment (2024-12-02): OFAC searches		 12/02/2024     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425429       32236515     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AZ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425430       32237353     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   B B B B     A A   N/A No
222425432       32238149     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425433       32241308     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-04): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-04): AMC - Please waive down


Reviewer Comment (2024-12-03): Moved to [REDACTED] for waiver and downgrade consideration.  PDI confirms no damage but an end date has not been declared.


Seller Comment (2024-12-02): Inspection		     12/04/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222425434       32239082     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425437       32195951     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425437       32196372     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-27): Moved to [REDACTED] for waiver and downgrade consideration.  PDI in file is after the disaster dec date and reflects no damage however it is before the declared end date.		     12/02/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425441       32242350     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-27): Moved to [REDACTED] for waiver and downgrade consideration as PDI reflects no damage but was performed  before the declared end date.		     12/02/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222425444       32242489     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222425447       32236798     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator

SitusAMC		 Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-27): Moved to [REDACTED] for waiver and downgrade consideration.  The appraisal in file reflects no storm damage to the subject dwelling, however it was performed prior to the declared disaster end date.		     12/02/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425452       32238007     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-27): Moved to [REDACTED] for waiver and downgrade consideration.  Appraisal reflects no damage however it was performed prior to the declared end date.		     12/02/2024 2 C B C B C B C B C B   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222425465       32235746     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AZ Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
222425465       32280611     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2024-11-29): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   AZ Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
222425466       32236769     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-12-02): Waive per email dated [REDACTED]


Reviewer Comment (2024-11-29): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection in file reflects no damage but was performed prior to the declared end date as on has not been declared.		     12/02/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222426205       32241782     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2024-12-06): Received in trailing documents.


Seller Comment (2024-12-04): Comment from [REDACTED] ([REDACTED] ): Revised title commitment		 12/06/2024     1 B A B A B A B A B A   MI Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
222454876       32249677     Credit Missing Document General Missing Document Missing Document: Vacation Rental Website Listing not provided           Reviewer Comment (2024-12-02): Not required per guidelines.


Seller Comment (2024-12-02): Comment from [REDACTED] ([REDACTED]: UW LOE		 12/02/2024     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
222454876       32252474     Credit Guideline Guideline Issue Guideline Ineligible borrower per guidelines.   Per guidelines: [REDACTED] not allowed for STR purchase transactions. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-23): Waive per client email dated [REDACTED]


Reviewer Comment (2024-11-27): Received additional copy of [REDACTED] Exception Approval. Missing buyer/investor exception approval document.


Seller Comment (2024-11-26): Comment from [REDACTED] [REDACTED] Exception from file		     12/23/2024 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
222454876       32252500     Credit Credit Miscellaneous Guideline Credit Exception:   Missing UW income worksheet with breakdown of income being used for qualifying. File submission includes both STR and LTR documentation. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-27): Waived and downgraded per client email/ sheet based on available compensating factors.


Reviewer Comment (2024-12-02): Moved to buyer queue for investor approval. Novice investor using STR to qualify on purchase prohibited per guidelines. Buyer credit exception approval required.


Seller Comment (2024-12-02): Comment from [REDACTED] ([REDACTED]: UW LOE		     12/27/2024 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
222454876       32252678     Credit Insurance Insurance Documentation Insurance Hazard Insurance Error: Missing HO-6 policy, blanket hazard insurance policy provided does not contain unit interior coverage.   Missing HO-6 Policy required per guidelines. Blanket Declaration page for (REDACTED) does not confirm (REDACTED)       Reviewer Comment (2024-11-26): Received HO-6 Policy, exception cleared.


Seller Comment (2024-11-26): Comment from [REDACTED] ([REDACTED]): HOI		 11/26/2024     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
222454876       32252702     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided           Reviewer Comment (2024-11-26): Received Tax Certificate, exception cleared.


Seller Comment (2024-11-26): Comment from [REDACTED] ([REDACTED]): tax cert		 11/26/2024     1 C A C A C A C A C A   FL Investment Purchase   C B C B     A A   N/A No
222455393       32234110     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   Missing Final Title Policy.       Reviewer Comment (2024-11-11): Supplement provided


Buyer Comment (2024-11-06): Uploaded Title Endorsement / Supplement		 11/11/2024     1 B A B A B A B A B A   VA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222455393       32234112     Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided   Appraisal report reflects property is currently leased. Missing a copy of the current executed Lease Agreement.       Reviewer Comment (2024-11-11): Lease provided


Buyer Comment (2024-11-07): Lease Agreement has been uploaded		 11/11/2024     1 C A C A C A C A C A   VA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222455393       32234113     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   Missing for, [REDACTED].       Reviewer Comment (2024-11-11): OFAC provided


Buyer Comment (2024-11-07): OFAC for [REDACTED] uploaded		 11/11/2024     1 C A C A C A C A C A   VA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222461866       32265031     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided     Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-23): Waive per client email dated [REDACTED]


Reviewer Comment (2024-12-18): Received post-closing Guarantor Agreement dated two months post  consummation. Moved to buyer/investor queue. At the time of loan closing, a personal guarantor was not provided.


Seller Comment (2024-12-18): Comment from [REDACTED] ([REDACTED]): See attached		     12/23/2024 2 D B D B D B D B D B   OH Investment Purchase   D B D B     A A   N/A No
222461866       32265509     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. 5% LTV reduction for 2-4 unit property. Lender exception is in file, missing signature and decision section. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-06): Credit exception approval based on 2 or more compensating factors meeting client criteria.


Seller Comment (2024-12-06): Comment from [REDACTED] ([REDACTED]): See attached LRP exception


Reviewer Comment (2024-12-04): LRP Decision section of the approval is not complete.


Buyer Comment (2024-12-04): Comment from [REDACTED] ([REDACTED]): What date is required? Can you please elaborate?


Reviewer Comment (2024-12-02): LRP Credit Exception Approval document with approval, date required.


Seller Comment (2024-12-02): Comment from [REDACTED] ([REDACTED]): See exception email		     12/06/2024 2 C B C B C B C B C B   OH Investment Purchase   D B D B     A A   N/A No
222465734       32476861     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided     Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2025-01-03): Alternative documentation provided.


Seller Comment (2024-12-24): SOS		     01/03/2025 2 C B C B C B C B C B   OK Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222465734       32477015     Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements.           Reviewer Comment (2025-01-03): Received in trailing documents.


Seller Comment (2024-12-27): ISAOA		 01/03/2025     1 C A C A C A C A C A   OK Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222466658       32262974     Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Appraisal and CDA provided both reflect a unit number; however, Note and Security Instrument do not reflect the unit number.  If Note and Security Instrument are incorrect, the following will be required:  Corrected Note, Corrected Security Instrument, LOE and evidence of delivery to borrower and notice of intent to re-record the mortgage from the settlement agent.       Reviewer Comment (2024-10-02): Condition cleared.  Appraisal and CDA reflect unit number, which is same as numeric street address.  Legal description and APN match title/DOT. 10/02/2024     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222466658       32262976     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		 Most Recent Valuation Inspection Date: [REDACTED]                 
Disaster End Date: [REDACTED]
Disaster Name: [REDACTED]
Disaster Declaration Date: [REDACTED]		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX. SitusAMC,Originator Reviewer Comment (2024-11-15): Received PDI dated [REDACTED], after disaster declaration date but prior to disaster end date. Per client, downgrade and waive.


Buyer Comment (2024-11-13): PDI		     11/15/2024 2   B   B   B   B   B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222466659       32262978     Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided   Flood Certificate not provided.       Reviewer Comment (2024-09-05): Received Flood Certificate. Exception Cleared.


Buyer Comment (2024-08-27): Flood Certificate attached		 09/05/2024     1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222466659       32262979     Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   Hazard Insurance Policy not provided.       Reviewer Comment (2024-09-06): Hazard Insurance Policy provided.


Buyer Comment (2024-09-03): EOI attached		 09/06/2024     1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222466659       32262980     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Instructions not provided   Closing Instruction not provided.       Reviewer Comment (2024-09-05): Received Closing Instruction. Exception Cleared.


Buyer Comment (2024-08-27): Signed CIL attached		 09/05/2024     1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222466659       32262981     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.       Reviewer Comment (2024-09-06): Rent loss insurance provided. Guidelines met.


Buyer Comment (2024-09-03): Rent loss of [REDACTED] included on EOI.		 09/06/2024     1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222466659       32262982     Credit Insurance Insurance Documentation Insurance Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance.   Hazard Insurance Policy is missing       Reviewer Comment (2024-09-06): Hazard Insurance policy and premium provided.


Buyer Comment (2024-09-03): Premium of[REDACTED] listed on EOI		 09/06/2024     1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222466659       32262983     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy.   Per guidelines, unleased refinances are subject to 10% LTV reduction.  Loan approved at 70% LTV; however, minimum credit score for 80% LTV is 700.  If subject is leased, please provide lease agreements for review.       Reviewer Comment (2024-09-06): Leases provided. Required FICO adjusted from[REDACTED] to [REDACTED] . FICO score meets guideline requirment.


Buyer Comment (2024-09-03): Leases attached		 09/06/2024     1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222466659       32262984     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided           Reviewer Comment (2024-11-20): Provided.


Buyer Comment (2024-11-18): Please see attached. [REDACTED] spouse) signed the Unanimous Written Consent authorizing[REDACTED]  to sign on behalf of the borrowing entity.		 11/20/2024     1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222466664       32263003     Credit Credit Miscellaneous Guideline Credit Exception:   Article of Organization is missing for business entity [REDACTED] and [REDACTED]. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Guidelines Representative FICO: 700
Representative FICO: [REDACTED]

Borrower's Experience/Track Record. The borrower has:12 Years of Experience.		 Originator Pre-Close,SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED] ). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED] . The borrowers typically set up [REDACTED] , with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466664       32263004     Credit Credit Miscellaneous Guideline Credit Exception:   Employer Identification Number (EIN) is missing fore business entity [REDACTED] and [REDACTED]       Reviewer Comment (2024-11-19): EIN not required for layered entities.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED] . Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]  The borrowers typically set up [REDACTED]  with the same layered entities behind them.		 11/19/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466664       32263005     Credit Credit Miscellaneous Guideline Credit Exception:   OFAC is missing for business entity[REDACTED]       Reviewer Comment (2024-11-19): OFAC not required for layered entities.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED] ). Our loan is guaranteed by the [REDACTED] wner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]  The borrowers typically set up [REDACTED]  with the same layered entities behind them.		 11/19/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466664       32263006     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Provide 12 month payment history from [REDACTED] verifying no more than 1 x 30 x 12.       Reviewer Comment (2024-11-08): Lender provided credit memo, indicating that a VOM is only required if there is evidence of late fees/default interest on payoff.  Mortgage loan payoff provided does not reflect any unpaid late fees/default interest.  Condition cleared. 11/08/2024     1 C A C A C A C A D A   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466664       32263007     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   File is missing the operating agreements/bylaw for [REDACTED] and [REDACTED] The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Guidelines Representative FICO: 700
Representative FICO: [REDACTED]

Borrower's Experience/Track Record. The borrower has:12 Years of Experience.		 Originator Pre-Close,SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity (t[REDACTED]. Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED] The borrowers typically set up [REDACTED]  with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466664       32263008     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided   All loans should have executed personal guarantees by 100% of the entity's ownership. Only 1 owner signed the Guaranty provided. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Guidelines Representative FICO: 700
Representative FICO: [REDACTED]

Borrower's Experience/Track Record. The borrower has:12 Years of Experience.		 Originator Pre-Close,SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): Our loan is guaranteed by the [REDACTED]  owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]		     11/20/2024 2 D B D B D B D B D B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466664       32263009     Credit Credit Miscellaneous Guideline Credit Exception:   Background Report/Fraud Report is required from 100% of the borrowing entity owners. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Guidelines Representative FICO: 700
Representative FICO: [REDACTED]

Borrower's Experience/Track Record. The borrower has:12 Years of Experience.		 Originator Pre-Close,SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity[REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED] . The borrowers typically set up [REDACTED] , with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466664       32263010     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Corporate Resolution is missing for business entity [REDACTED] and [REDACTED]. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Guidelines Representative FICO: 700
Representative FICO: [REDACTED]

Borrower's Experience/Track Record. The borrower has:12 Years of Experience.		 Originator Pre-Close,SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED] . The borrowers typically set up [REDACTED]  with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466664       32263011     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Documented qualifying Assets for Closing of  [REDACTED] is less than Cash From Borrower [REDACTED]. Entity documents required to verify ownership of the assets. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Guidelines Representative FICO: 700
Representative FICO: [REDACTED]

Borrower's Experience/Track Record. The borrower has:12 Years of Experience.		 Originator Pre-Close,SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED] ). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED] . The borrowers typically set up [REDACTED] , with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466664       32263012     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. The amount includes 6 months of reserves and [REDACTED] to cover judgment listed on Background Report.  Entity documents required to verify ownership of the assets. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Guidelines Representative FICO: 700
Representative FICO: [REDACTED]

Borrower's Experience/Track Record. The borrower has:12 Years of Experience.		 Originator Pre-Close,SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED] ). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED] . The borrowers typically set up [REDACTED]  with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466666       32263018     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing is missing for business entity [REDACTED], [REDACTED], [REDACTED].       Reviewer Comment (2024-11-19): Formed within [REDACTED] , COGS not required for borrowing entity.  COGS not required for layered entities.


Buyer Comment (2024-11-13): For the [REDACTED]  [REDACTED] , given the entity was formed in the last year we did not require the COGs.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED] ). Our loan is guaranteed by the [REDACTED]  owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED] . The borrowers typically set up [REDACTED]  with the same layered entities behind them.		 11/19/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466666       32263019     Credit Credit Miscellaneous Guideline Credit Exception:   Article of Organization is missing for business entity [REDACTED], [REDACTED]. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Borrower's Experience/Track Record. The borrower has: 12 Years of Experience. SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED] . Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED]  with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466666       32263020     Credit Credit Miscellaneous Guideline Credit Exception:   Corporate Resolution is missing for business entity [REDACTED], [REDACTED]. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Borrower's Experience/Track Record. The borrower has: 12 Years of Experience. SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED] ). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED], with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466666       32263021     Credit Credit Miscellaneous Guideline Credit Exception:   Operating Agreement is missing for business entity [REDACTED], [REDACTED]. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Borrower's Experience/Track Record. The borrower has: 12 Years of Experience. SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED] . The borrowers typically set up[REDACTED]  with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466666       32263022     Credit Credit Miscellaneous Guideline Credit Exception:   OFAC is missing for business entity [REDACTED].       Reviewer Comment (2024-11-19): Not required for layered entities


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED] . Our loan is guaranteed by the [REDACTED]  owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED] . The borrowers typically set up [REDACTED]with the same layered entities behind them.		 11/19/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466666       32263023     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   12 month housing/payment history required for the subject property verifying no more than 1 x 30 in past 12 months.       Reviewer Comment (2024-11-08): Lender provided credit memo, indicating that a VOM is only required if there is evidence of late fees/default interest on payoff.  Mortgage loan payoff provided does not reflect any unpaid late fees/default interest.  Condition cleared. 11/08/2024     1 C A C A C A C A D A   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466666       32263024     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Assets provided were not included in the total asset balance. This is due to being unable to determine account ownership due to missing entity documents Entity documents are required to verify account ownership. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Borrower's Experience/Track Record. The borrower has: 12 Years of Experience. SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED] . The borrowers typically set up[REDACTED]  with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466666       32263025     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   File is missing evidence that our Guarantor has authority to bind the borrowing entity. The Unanimous Consent in file indicates he is the sole member of the borrowing entity, however, that is unable to be determined as the borrowing entity is solely owned by an LLC which is owned by another LLC. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Borrower's Experience/Track Record. The borrower has: 12 Years of Experience. SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED]  with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466666       32263026     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. Assets provided were not included in the total asset balance. This a result of being unable to determine account ownership due to missing entity documents. Entity documents are required to verify account ownership and percentages. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's Experience/Track Record		 Borrower's Experience/Track Record. The borrower has: 12 Years of Experience. SitusAMC

SitusAMC,Originator Pre-Close		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED], with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466667       32263028     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Required from [REDACTED].       Reviewer Comment (2024-11-19): Formed within prior year, not required.


Buyer Comment (2024-11-13): Given this entity was formed in the last year, we do not require COGs.		 11/19/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466667       32263029     Credit Credit Miscellaneous Guideline Credit Exception:   Article of organization is missing for business entity [REDACTED]and [REDACTED]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Loan to Value: 70.00000%
Guideline Maximum Loan to Value: 80.00000%

Guidelines Representative FICO: 700
Representative FICO: [REDACTED]		 Originator Pre-Close,SitusAMC

Originator Pre-Close,SitusAMC		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED] with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466667       32263030     Credit Credit Miscellaneous Guideline Credit Exception:   File is missing evidence that our Guarantor has authority to bind the borrowing entity. The Unanimous Consent in file indicates he is the sole member of the borrowing entity, however, that is unable to be determined as the borrowing entity is solely owned by an LLC which is owned by another LLC. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Loan to Value: 70.00000%
Guideline Maximum Loan to Value: 80.00000%

Guidelines Representative FICO: 700
Representative FICO: [REDACTED]		 Originator Pre-Close,SitusAMC

Originator Pre-Close,SitusAMC		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED] with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466667       32263031     Credit Credit Miscellaneous Guideline Credit Exception:   OFAC is missing for business entity [REDACTED].       Reviewer Comment (2024-11-19): Not required for layered entities


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED] with the same layered entities behind them.		 11/19/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466667       32263032     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   12 month housing/payment history required for the subject property verifying no more than 1 x 30 in past 12 months.       Reviewer Comment (2024-11-08): Lender provided credit memo, indicating that a VOM is only required if there is evidence of late fees/default interest on payoff.  Mortgage loan payoff provided does not reflect any unpaid late fees/default interest.  Condition cleared. 11/08/2024     1 C A C A C A C A D A   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466667       32263033     Credit Credit Miscellaneous Guideline Credit Exception:   The lender requires 100% of the entity owners and guarantors to execute an authorization to pull credit reports and/or background report. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Loan to Value: 70.00000%
Guideline Maximum Loan to Value: 80.00000%

Guidelines Representative FICO: 700
Representative FICO: [REDACTED]		 Originator Pre-Close,SitusAMC

Originator Pre-Close,SitusAMC		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED], with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466667       32263034     Credit Credit Miscellaneous Guideline Credit Exception:   All loans require an executed personal guarantees by 100% of the entity's ownership. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Loan to Value: 70.00000%
Guideline Maximum Loan to Value: 80.00000%

Guidelines Representative FICO: 700
Representative FICO: [REDACTED]		 Originator Pre-Close,SitusAMC

Originator Pre-Close,SitusAMC		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED], with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466667       32263035     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. Assets provided were not included in the total asset balance. This is due to being unable to determine account ownership due to missing entity documents Entity documents are required to verify account ownership.
Assets provided were not included in the total asset balance. This is due to being unable to determine account ownership due to missing entity documents Entity documents are required to verify account ownership.		 The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Loan to Value: 70.00000%
Guideline Maximum Loan to Value: 80.00000%

Guidelines Representative FICO: 700
Representative FICO: [REDACTED]		 Originator Pre-Close,SitusAMC

Originator Pre-Close,SitusAMC		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED] with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466667       32263036     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. Assets provided were not included in the total asset balance. This is due to being unable to determine account ownership due to missing entity documents Entity documents are required to verify account ownership. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Loan to Value: 70.00000%
Guideline Maximum Loan to Value: 80.00000%

Guidelines Representative FICO: 700
Representative FICO: [REDACTED]		 Originator Pre-Close,SitusAMC

Originator Pre-Close,SitusAMC		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): please waive


Reviewer Comment (2024-11-19): If Lender is not requiring the additional entity documents in order to accurately determine ownership percentage and signing authority, they can request to waive the condition; however, without this documentation we will be unable to clear.


Buyer Comment (2024-11-13): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED] with the same layered entities behind them.		     11/20/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466667       32263038     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2024-11-20): Provided.


Buyer Comment (2024-11-19): PDI		 11/20/2024     1   A   A   A   A   A   GA Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466669       32263044     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   12 month housing/payment history required for the subject property verifying no more than 1 x 30 in past 12 months.       Reviewer Comment (2024-11-08): Lender provided credit memo, indicating that a VOM is only required if there is evidence of late fees/default interest on payoff.  Mortgage loan payoff provided does not reflect any unpaid late fees/default interest.  Condition cleared. 11/08/2024     1 C A C A C A C A D A   PA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222466672       32263051     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. -         Reviewer Comment (2024-11-19): Received


Buyer Comment (2024-11-15): rent loss commentary		 11/19/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222466672       32263052     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy.   2 properties on loan and one is rented. 10% LTV reduction required for unleased property. The LTV requires a [REDACTED] FICO score.       Reviewer Comment (2024-11-20): Provided.


Buyer Comment (2024-11-19): Support for rental


Reviewer Comment (2024-11-19): Evidence that[REDACTED] is leased will be required.  File does not contain a lease agreement or rental documentation for this property.


Buyer Comment (2024-11-13): Both properties are leased and FICO is within permitted limits. Please clear.		 11/20/2024     1 C A C A C A C A C A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222466672       32263053     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. -         Reviewer Comment (2024-11-20): Provided.


Buyer Comment (2024-11-20): PDIs		 11/20/2024     1   A   A   A   A   A     Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222466675       32263073     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Bank statement with sufficient funds is required.       Reviewer Comment (2024-11-20): Provided.


Buyer Comment (2024-11-19): In the (REDACTED) bank statement for (REDACTED) there are 3 EMD withdrawals on (REDACTED) that match the contract.  One for[REDACTED]0 and two for [REDACTED] for a total of [REDACTED].  That gives a grand total verified of [REDACTED]


Reviewer Comment (2024-11-19): Cash to close [REDACTED]+ [REDACTED] EMD = [REDACTED] required assets for closing.


Buyer Comment (2024-11-15): The final HUD shows cash due from borrower in amount of [REDACTED] Where are you seeing [REDACTED]?


Buyer Comment (2024-11-15): Please disregard this comment, it was meant for the COGS exception.


Buyer Comment (2024-11-13): Given the entity was formed this year, the attached confirm of active listing is accepted as a COGS		 11/20/2024     1 C A C A C A C A C A     Investment Purchase   C B C B     A A   N/A No
222466675       32263074     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing is missing in file.       Reviewer Comment (2024-11-19): Entity formed within 1 year.


Buyer Comment (2024-11-15): Given the entity was formed this year, the attached confirm of active listing is accepted as a COGS		 11/19/2024     1 C A C A C A C A C A     Investment Purchase   C B C B     A A   N/A No
222466675       32263075     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided   Fully executed HUD/CD is missing in file.       Reviewer Comment (2024-11-19): Received


Buyer Comment (2024-11-13): Signed HUD		 11/19/2024     1 C A C A C A C A C A     Investment Purchase   C B C B     A A   N/A No
222466675       32263076     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided   Verification of Identification is missing in file.       Reviewer Comment (2024-11-19): Received


Buyer Comment (2024-11-13): ID		 11/19/2024     1 C A C A C A C A C A     Investment Purchase   C B C B     A A   N/A No
222466675       32263077     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. Bank statement with sufficient fund is required to meet 6 months reserves requirement. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Debt Service Coverage Ratio: 1.95
Guideline Requirement: 1.00

Guidelines Representative FICO: 660
Representative FICO: [REDACTED]		 SitusAMC

Originator Pre-Close,SitusAMC

Originator Pre-Close,SitusAMC		 Reviewer Comment (2024-11-20): Client elects to waive with compensating factors.


Buyer Comment (2024-11-19): The borrower ended up coming to the closing table with more equity than originally anticipated. We are comfortable waiving the reserve requirement due to the following compensating factors: purchase money loan where the borrower has considerable skin in the game, high DSCR of 1.95x, 65% LTV and mid FICO of 789.		     11/20/2024 2 C B C B C B C B C B     Investment Purchase   C B C B     A A   N/A No
222466677       32263083     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided   Background search dated [REDACTED] is greater than 90 days from note date [REDACTED]. Borrower has owned the subject property for at least [REDACTED] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2025-01-15): Waived and downgraded per client email/ sheet based on available compensating factors.     01/15/2025 2 C B C B C B C B C B   NY Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222466677       32263084     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   File is missing 12 month mortgage history for subject property.       Reviewer Comment (2024-11-08): Lender provided credit memo, indicating that a VOM is only required if there is evidence of late fees/default interest on payoff.  Mortgage loan payoff provided does not reflect any unpaid late fees/default interest.  Condition cleared. 11/08/2024     1 C A C A C A C A D A   NY Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222466677       32263085     Credit Loan Package Documentation Closing / Title Loan Package Documentation (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I   Original P&I and Original calculated P&I do not match. If an corrected Note is being provided, we will also need a letter of explanation for the discrepancy and evidence that the corrected Note was delivered to the borrower.       Reviewer Comment (2024-11-21): Received Note modification in trailing documents.


Buyer Comment (2024-11-13): executed amendment		 11/21/2024     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222466678       32263086     Credit Credit Credit Documentation Credit No evidence of fraud report in file - Fraud report is not provided       Reviewer Comment (2024-11-19): Received


Buyer Comment (2024-11-13): OFAC and background were loaded.		 11/19/2024     1 C A C A C A C A C A     Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466678       32263088     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. - OFAC is not provided       Reviewer Comment (2024-11-19): Received


Buyer Comment (2024-11-13): OFAC		 11/19/2024     1 C A C A C A C A C A     Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466678       32263089     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided   Background check is not provided       Reviewer Comment (2024-11-19): Received


Buyer Comment (2024-11-13): Background		 11/19/2024     1 C A C A C A C A C A     Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466678       32263090     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided   Fraud report is not provided       Reviewer Comment (2024-11-19): Received


Buyer Comment (2024-11-13): OFAC and background have been loaded.		 11/19/2024     1 C A C A C A C A C A     Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466678       32263091     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided           Reviewer Comment (2024-10-25): Received OFAC


Buyer Comment (2024-10-21): OFAC attached		 10/25/2024     1 C A C A C A C A C A     Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466678       32263092     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   VOM reflecting no more than 1x30x12 missing for all properties.       Reviewer Comment (2024-11-08): Lender provided credit memo, indicating that a VOM is only required if there is evidence of late fees/default interest on payoff.  Mortgage loan payoff provided does not reflect any unpaid late fees/default interest.  Condition cleared. 11/08/2024     1 C A C A C A C A D A     Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466678       32263093     Credit Loan Package Documentation Closing / Title Loan Package Documentation Title search shows negative impact on title.   Require evidence of satisfaction/release of lien on title commitment for Judgment Case No. [REDACTED]dated [REDACTED], or Final Title showing this has been removed.       Reviewer Comment (2024-11-20): Provided.


Buyer Comment (2024-11-19): Please see the executed HUD that was loaded as a trailing item. Under the Miscellaneous category you can see a line item for "judgment costs to (REDACTED)" showing the judgment was paid in full.


Reviewer Comment (2024-11-19): No documentation received for this condition.  Please provide evidence paid in full, with indication of what is being provided to reflect this was paid in full


Buyer Comment (2024-11-15): Proof of judgement paid		 11/20/2024     1 C A C A C A C A C A     Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466678       32263094     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___.   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-11-19): Waived with compensating factors per client request.


Buyer Comment (2024-11-13): 65%**


Buyer Comment (2024-11-13): A FICO exception was granted here. Please waive subject to mitigating factors: 70% LTV on rate term refinance, 1.2x+ DSCR, repeat client.		     11/19/2024 2 C B C B C B C B C B     Investment Refinance - Rate/Term   D B D B     A A   N/A No
222466680       32263103     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided           Reviewer Comment (2024-11-19): Received


Buyer Comment (2024-11-13): Passport attached		 11/19/2024     1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222466680       32263104     Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided           Reviewer Comment (2024-11-19): Per lender, borrower is Foreign National.


Buyer Comment (2024-11-13): credit report unavailable as borrower is a foreign national		 11/19/2024     1 D A D A D A D A D A   MD Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222466680       32263105     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy.   Credit report is missing to verify the FICO score.       Reviewer Comment (2024-11-19): Per lender, borrower is Foreign National.


Buyer Comment (2024-11-13): credit report unavailable as borrower is a foreign national		 11/19/2024     1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222467149       32280189     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2024-11-29): Received in trailing documents.


Seller Comment (2024-11-29): Comment from [REDACTED] ([REDACTED]): Approval		 11/29/2024     1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
222523556       32334752     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   VA Investment Refinance - Rate/Term   B B B B     A A   N/A No
222523572       32413100     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523574       32342249     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-13): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-13): AMC -  Please waive down


Reviewer Comment (2024-12-10): Moved to [REDACTED] for waiver and downgrade consideration.  Inspection in file confirms no damage and was performed after the disaster declaration date.  However, it was performed before the declared disaster end date.		     12/13/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523574       32342253     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523578       32364483     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523580       32414090     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-23): Waive per client email XX/XX/XX


Reviewer Comment (2024-12-20): Moved to [REDACTED] for waiver and downgrade consideration.  PDI confirms no damage however and end date has not been declared.


Seller Comment (2024-12-19): uploaded disaster inspection		     12/23/2024 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523587       32428346     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   UCDP in file was not considered as it does not reflect the value of the appraisal of [REDACTED].       Reviewer Comment (2024-12-18): Received UCDP with collateral score, Exception cleared.


Seller Comment (2024-12-18): Uploaded UCDP
via Ops, this was uploaded & viewable [REDACTED]


Reviewer Comment (2024-12-17): UCDP in file was not considered as it does not reflect the value of the appraisal of (REDACTED).		 12/18/2024     1 D A D A D A D A D A   GA Investment Refinance - Cash-out - Other   D A A A     D A   N/A No
222523593       32343492     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523596       32340519     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   CT Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523597       32412390     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523602       32378470     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523606       32412409     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
222523607       32351230     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523610       32337670     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Rate/Term   B B B B     B B   N/A No
222523610       32337863     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2024-12-10): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   TN Investment Refinance - Rate/Term   B B B B     B B   N/A No
222523615       32349912     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523616       32342540     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-20): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-20): AMC - Please waive down


Reviewer Comment (2024-12-17): Moved to [REDACTED] for waiver and downgrade consideration as the appraisal in file does not reflect storm damage and was effective after the disaster declaration date.  However, a disaster end date has not yet been declared.		     12/20/2024 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523619       32342555     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-18): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-18): AMC - Please waive down


Reviewer Comment (2024-12-17): Moved to [REDACTED]for waiver and downgrade consideration as the appraisal in file does not reflect storm damage and was effective after the disaster declaration date.  However, it was before the declared end date.		     12/18/2024 2 C B C B C B C B C B   GA Investment Purchase   C B C B     A A   N/A No
222523622       32419482     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523624       32336972     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523627       32360135     Credit Credit Miscellaneous Guideline Credit Exception:   Online filings confirm that the second member of the borrowing entity was removed [REDACTED].  This is(REDACTED) prior to the note date/ closing.  Please provide a signed document from the member who resigned to confirm the resignation and relinquishment of this individual's ownership stake.  This is needed to confirm that the amended filing was done with the resigning member's knowledge.       Reviewer Comment (2024-12-27): Included in TD.


Seller Comment (2024-12-24): Please see the document signed by the removed member		 12/27/2024     1 C A C A C A C A C A   KY Investment Purchase   C A C A     A A   N/A No
222523628       32339503     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-13): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-13): AMC -  Please waive down


Reviewer Comment (2024-12-12): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.


Seller Comment (2024-12-12): Uploaded disaster inspection, no damage		     12/13/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222523635       32371944     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523635       32371947     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-18): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-18): AMC - Please waive down


Reviewer Comment (2024-12-17): Moved to [REDACTED] for waiver and downgrade consideration.  The appraisal does not reflect storm related damages.  it was performed after the disaster declaration date but before the declared end date.		     12/18/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523637       32384728     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-18): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-18): AMC - Please waive down


Reviewer Comment (2024-12-17): Moved to [REDACTED] for waiver and downgrade consideration.  The appraisal does not reflect storm related damages.  it was performed after the disaster declaration date but before the declared end date.		     12/18/2024 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
222523638       32334804     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523641       32423175     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523643       32336722     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523644       32336740     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2024-12-10): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   OH Investment Refinance - Rate/Term   B B A A     B B   N/A No
222523650       32351180     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523652       32403382     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-20): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-20): AMC - Please waive down


Reviewer Comment (2024-12-18): Moved to [REDACTED] for waiver and downgrade consideration.  Appraisal does not identify storm damage and was completed after the disaster declaration date.  However it was completed before the declared end date.		     12/20/2024 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
222523656       32371962     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222523656       32377417     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   The guidelines require an OFAC search for all members and sub-entities. The most recent amendment to the operating agreement reflects a sub-entity, [REDACTED], which there is no OFAC search for.       Reviewer Comment (2024-12-19): OFAC received, Exception Cleared


Seller Comment (2024-12-19): OFAC search uploaded for (REDACTED)


Seller Comment (2024-12-19): OFAC		 12/19/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   C B C B     A A   N/A No
222523657       32423619     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523660       32339201     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523663       32342637     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-13): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-13): AMC -  Please waive down


Reviewer Comment (2024-12-11): Moved to [REDACTED] for waiver and downgrade consideration.  Appraisal is dated after the disaster declaration date, however an end date has not been declared.		     12/13/2024 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523666       32339880     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2024-12-17): Included in TD.


Seller Comment (2024-12-13): OFAC search results		 12/17/2024     1 C A C A C A C A C A   MO Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222523671       32421392     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. -   The representative FICO score exceeds the guideline minimum by at least 40 points. High FICO Aggregator,SitusAMC Reviewer Comment (2024-12-23): Waive per client email XX/XX/XX


Reviewer Comment (2024-12-20): Moved to [REDACTED] for waiver and downgrade consideration.


Seller Comment (2024-12-19): The Borrower & Guarantor live in a state where spousal consent is not required; therefore, it is not needed nor uploaded. Please see the attachments that provide their Addresses.		     12/23/2024 2 C B C B C B C B C B   WI Investment Purchase   C B C B     A A   N/A No
222523673       32377415     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-20): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-20): AMC - Please waive down


Reviewer Comment (2024-12-18): Moved to [REDACTED] for waiver and downgrade consideration.  The appraisal was performed after the disaster declaration date and does not reflect any storm damage.  However, an end date has not been declared.		     12/20/2024 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523677       32372089     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Purchase   C B C B     A A   N/A No
222523677       32372094     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Flood insurance coverage amount is insufficient.   [REDACTED] coverage is less than the loan amount       Reviewer Comment (2025-01-13): Updated flood coverage in TD covers the loan amount


Seller Comment (2025-01-13): Uploaded flood insurance w full coverage amount


Reviewer Comment (2024-12-24): Awaiting further info.


Seller Comment (2024-12-20): Disregard, working w LA on coverage correction


Seller Comment (2024-12-20): Per our CP, If coverage limit is lower than the loan amount, policy must compensate for loss equal to the insurable value of the improvements as established by insurer. Total coverage amount over loan amount, as per highlighted HOI policy


Reviewer Comment (2024-12-18): 185K coverage is less than the loan amount.		 01/13/2025     1 C A C A C A C A C A   MO Investment Purchase   C B C B     A A   N/A No
222523678       32361361     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523681       32343781     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-13): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-13): AMC -  Please waive down


Reviewer Comment (2024-12-11): Moved to [REDACTED] for waiver and downgrade consideration.  The PDI in file reflects no storm damage and was completed after the disaster declaration date.  However, it was performed prior to the declared disaster end date.		     12/13/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523681       32343785     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523682       32333026     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
222523682       32333034     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2024-12-10): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   MI Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
222523683       32414668     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523684       32421469     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523687       32339583     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-13): Waived and downgraded per [REDACTED]email / sheet.


Buyer Comment (2024-12-13): AMC -  Please waive down


Reviewer Comment (2024-12-11): Moved to[REDACTED] for waiver and downgrade consideration.  PDI in file was performed prior to the disaster end date.		     12/13/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523687       32339592     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523702       32339572     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Rate/Term   B B B B     A A   N/A No
222523705       32333914     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   KS Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523706       32353830     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523709       32345457     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Rate/Term   B B B B     A A   N/A No
222523710       32344735     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NJ Investment Purchase   B B B B     A A   N/A No
222523712       32351401     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-13): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-13): AMC -  Please waive down


Reviewer Comment (2024-12-11): Moved to [REDACTED] for waiver and downgrade consideration.  The appraisal in file was performed after the disaster declaration date however it was performed before the declared end date.		     12/13/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523715       32338294     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-13): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-13): AMC -  Please waive down


Reviewer Comment (2024-12-12): Moved to[REDACTED] for waiver and downgrade consideration.  The appraisal in file was performed after the disaster declaration date and does not appear to reflect storm damage.  However, the inspection was performed prior the declared end date.		     12/13/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523715       32338297     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523715       32366537     Credit Credit Miscellaneous Guideline Credit Exception:   [REDACTED] consideration is require as it relates to the external obsolescence noted in the appraisal and its affect on the potential market value reduction and/ or LTV.  The appraisal and appraisal photos are available for viewing on (REDACTED).  Per the appraiser:  "The subject is located across from a (REDACTED) and is subject to adverse noise due to (REDACTED)."  However, there was only a 10K downward adjustment for this characteristic as it relates to the comparable sales with residential surroundings.  This adjustment does not appear to be sufficient and there are no comparable sales provided that are located this close to a (REDACTED) to establish otherwise. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.		   SitusAMC

SitusAMC		 Reviewer Comment (2024-12-18): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-18): AMC - Please waive down


Reviewer Comment (2024-12-13): Moved to [REDACTED] for waiver and downgrade consideration after review of (REDACTED) as the support for value is questionable.


Seller Comment (2024-12-13): Adjustment on several comps for View ([REDACTED] [REDACTED])
 An extensive search was made for a similar comp with a similar view. The results found was the best available. An adjusted view was made for the adverse location in the rental schedule. The only rental available with an adverse was a busy city street. The other two rentals was adjusted for a superior location when compared to the subject.
 No comparable rental properties located near a [REDACTED] comparable to the one across from the subject
No Deduction listed for Rental comps adverse condition of [REDACTED]- even if did lower [REDACTED] DSCR would be > 1.2 (well qualified) - Reviewed w/MGMT - best use is as a rental vs Sale		     12/18/2024 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523720       32356242     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523724       32332637     Credit Title Document Error Title The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2024-12-11): Title Commitment Received, Exception cleared


Seller Comment (2024-12-11): Prelim reflects proposed loan amount on page 2, FTP is not yet received; Kiavi allows 90 days for final title policy and recorded docs to be received, this closed 20 days ago		 12/11/2024     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222523734       32350709     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222523734       32350716     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2024-12-13): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-13): AMC -  Please waive down


Reviewer Comment (2024-12-11): Moved to [REDACTED] for waiver and downgrade consideration.  Appraisal was performed after the disaster but before the declared end date.		     12/13/2024 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222523739       32342870     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Rate/Term   B B B B     A A   N/A No
222523740       32423241     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Rate/Term   B B B B     A A   N/A No
222523748       32366614     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   B B B B     A A   N/A No
222523760       32339144     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523763       32337194     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MD Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523763       32345105     Credit Credit Miscellaneous Guideline Credit Exception:   The Borrowing Authorization in file is not legible.       Reviewer Comment (2024-12-24): Legible version included in TD.


Seller Comment (2024-12-23): Please see the resigned borrowing auth


Reviewer Comment (2024-12-13): Moved to [REDACTED] for waiver and downgrade consideration per [REDACTED]
 The signatures on the BA are legible, however the language in the body of the document are pertinent (authorizing one member to sign the note and bind the entity alone).  The language in the body of the document is illegible.


Seller Comment (2024-12-13): The document may be faint but it is legible, please send to [REDACTED] for consideration


Reviewer Comment (2024-12-12): The signatures on the BA are legible, however the language in the body of the document are pertinent (authorizing one member to sign the note and bind the entity alone).  The language in the body of the document is illegible.  Please advise if you wish to move this to [REDACTED] for review and consideration for waiver.


Seller Comment (2024-12-12): I'm confused on what part of this is not legible? I'm able to read all parts of the document, including the signatures on the BA.


Reviewer Comment (2024-12-12): Unable to consider the trailing BA as again it is not a legible document.


Seller Comment (2024-12-11): Uploaded BA from Ops - Uploaded [REDACTED]		 12/24/2024     1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523764       32339858     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-20): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-20): AMC - Please waive down


Reviewer Comment (2024-12-19): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     12/20/2024 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222523765       32373676     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-20): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-20): AMC - Please waive down


Reviewer Comment (2024-12-19): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     12/20/2024 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
222523767       32397073     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   B B B B     A A   N/A No
222523770       32364860     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-20): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-20): AMC - Please waive down


Reviewer Comment (2024-12-19): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     12/20/2024 2 C B C B C B C B C B   GA Investment Purchase   C B C B     A A   N/A No
222523772       32421529     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2024-12-20): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-20): AMC - Please waive down


Reviewer Comment (2024-12-19): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     12/20/2024 2 C B C B C B C B C B   GA Investment Purchase   C B C B     A A   N/A No
222523775       32360757     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222523777       32380306     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   B B B B     A A   N/A No
222523778       32415342     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B     Investment Refinance - Rate/Term   C B C B     A A   N/A No
222523778       32415348     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. -         Reviewer Comment (2024-12-23): Received


Seller Comment (2024-12-20): Borrower's spouse provided ID at signing		 12/23/2024     1 C A C A C A C A C A     Investment Refinance - Rate/Term   C B C B     A A   N/A No
222523778       32415373     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___.   The representative FICO score exceeds the guideline minimum by at least 40 points. High FICO Aggregator,SitusAMC Reviewer Comment (2024-12-20): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2024-12-20): AMC - Please waive down


Reviewer Comment (2024-12-19): Moved to [REDACTED] for waiver and downgrade consideration.  Lender exception approval is in file.		     12/20/2024 2 C B C B C B C B C B     Investment Refinance - Rate/Term   C B C B     A A   N/A No
222523778       32437628     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided Address: 4720 Chelsea Dr, Lorain, OH 44055         Reviewer Comment (2024-12-22): Received Tax certificate, exception cleared.


Seller Comment (2024-12-20): Tax Certs		 12/22/2024     1 C A C A C A C A C A     Investment Refinance - Rate/Term   C B C B     A A   N/A No
222524080       32341996     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2024-12-13): Received in trailing documents.


Seller Comment (2024-12-12): Comment from [REDACTED] ([REDACTED]): revised title commitment		 12/13/2024     1 B A B A B A B A B A   AZ Investment Refinance - Rate/Term   C B C B     A A   N/A No
222524080       32343815     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Approved Lender exception in file for 5% reduction on LTV due to novice investor. Missing buyer/investor exception approval. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-12-23): Waive per client email dated XX/XX/XX     12/23/2024 2 C B C B C B C B C B   AZ Investment Refinance - Rate/Term   C B C B     A A   N/A No
222524080       32343816     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. Approved Lender exception in file for 5% reduction on LTV due to novice investor. Missing buyer/investor exception approval. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2024-12-23): Waive per client email dated XX/XX/XX     12/23/2024 2 C B C B C B C B C B   AZ Investment Refinance - Rate/Term   C B C B     A A   N/A No
222533286       32364157     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided           Reviewer Comment (2024-12-13): Received in trailing documents.


Buyer Comment (2024-12-13): Comment from [REDACTED] (Guaranteed Rate): Patriot Act forms were in full file. Pages 104-105.		 12/13/2024     1 C A C A C A C A C A   GA Investment Purchase   C A C A     A A   N/A No
222550485       32364352     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Instructions not provided           Reviewer Comment (2024-12-20): Received executed closing instructions, exception cleared.


Seller Comment (2024-12-19): Comment from[REDACTED] ([REDACTED]): Signed closing instructions


Reviewer Comment (2024-12-19): Provided Closing instructions is not signed, therefore exception remains


Seller Comment (2024-12-18): Comment from [REDACTED] ([REDACTED]): Closing instructions		 12/20/2024     1 C A C A C A C A C A   RI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222550485       32374918     Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided   Missing lease agreements from file.       Reviewer Comment (2024-12-19): Lease agreement received , Exception Cleared.


Seller Comment (2024-12-18): Comment from [REDACTED] ([REDACTED]): Lease agreements		 12/19/2024     1 C A C A C A C A C A   RI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222582581       32433017     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2024-12-20): Received Note Addendum - Prepayment document, exception cleared.


Seller Comment (2024-12-20): Comment from[REDACTED] ([REDACTED]): Note Addendum		 12/20/2024     1 C A C A C A C A C A   NV Investment Purchase   C A C A     A A   N/A Yes
222584751       32432798     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided           Reviewer Comment (2024-12-30): Received Closing Statement, exception cleared.


Seller Comment (2024-12-27): Comment from [REDACTED] ([REDACTED]): final settlement stmt		 12/30/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222584751       32432845     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   File is missing the final CD to confirm the cash out amount was sufficient to meet the guideline reserve requirement.       Reviewer Comment (2024-12-30): Received Closing Statement, exception cleared.


Seller Comment (2024-12-27): Comment from [REDACTED] ([REDACTED]): final settlement stmt		 12/30/2024     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222585623       32423209     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2024-12-19): Desk Review Received, Exception Cleared


Seller Comment (2024-12-18): Comment from [REDACTED] ([REDACTED]): CDA		 12/19/2024     1 D A D A D A D A D A   TX Investment Refinance - Rate/Term   D A C A     D A   N/A No
222585623       32423220     Credit Credit Credit Documentation Credit Background check is missing.   Provided Background check is incomplete. Only (REDACTED) were provided.       Reviewer Comment (2024-12-19): Background check received, Exception Cleared


Seller Comment (2024-12-18): Comment from [REDACTED] ([REDACTED]): DRIVE report		 12/19/2024     1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   D A C A     D A   N/A No
222613529       32439554     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX. SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-19): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX.     12/19/2024 2 B B B B B B B B B B   NC Investment Purchase   B B B B     A A   N/A No
222613530       32449523     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2024-12-20): Document received, exception cleared


Seller Comment (2024-12-20): Comment from[REDACTED] ([REDACTED]): Please see attached		 12/20/2024     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222613533       32437741     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2024-12-27): 2nd appraisal provided in trailing docs.


Buyer Comment (2024-12-23): Comment from[REDACTED] [REDACTED]): Please see (REDACTED) (appraisal prepared by [REDACTED]) and (REDACTED) (appraisal prepared by Del Appraisals)- 2 appraisals are in the file. Please revisit


Reviewer Comment (2024-12-22): Uploaded 1004 is duplicate, exception remains.


Seller Comment (2024-12-20): Comment from [REDACTED] ([REDACTED]): 2nd appraisal is in the file		 12/27/2024     1 D A D A D A D A D A   DE Investment Purchase   D A A A     D A   N/A No
222631724       32492814     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2025-01-02): Received Note Addendum - Prepayment document, exception cleared.


Seller Comment (2025-01-02): Comment from [REDACTED] ([REDACTED]): Prepayment addendum		 01/02/2025     1 C A C A C A C A C A   GA Investment Purchase   C A C A     A A   N/A Yes
222653218       32485072     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided           Reviewer Comment (2025-01-03): Received in trailing documents.


Seller Comment (2024-12-26): Background		 01/03/2025     1 C A C A C A C A C A   MO Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222653218       32485102     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2025-01-03): Received in trailing documents.


Seller Comment (2024-12-26): Title		 01/03/2025     1 B A B A B A B A B A   MO Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222653878       32495214     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2025-01-03): Received in trailing documents.


Seller Comment (2025-01-03): Comment from [REDACTED] ([REDACTED]): Prepayment addendum		 01/03/2025     1 C A C A C A C A C A   CT Investment Refinance - Rate/Term   C A C A     A A   N/A Yes
222653879       32501842     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2025-01-03): Received in trailing documents.


Seller Comment (2025-01-03): Comment from [REDACTED] ([REDACTED]): Prepayment addendum		 01/03/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A Yes
222653882       32503033     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2025-01-03): Note Addendum - Prepayment Received, Exception Cleared


Seller Comment (2025-01-03): Comment from [REDACTED] ([REDACTED]): Prepayment addendum		 01/03/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   D A D A     A A   N/A Yes
222653882       32503145     Credit Credit Miscellaneous Guideline Credit Exception:   The guidelines require all cash out to be used toward business purposes. The Closing Disclosure reflects a payoff to [REDACTED] in the amount of [REDACTED] and the file does not contain documentation to verify this payoff is for business purposes.       Reviewer Comment (2025-01-10): LOE and supporting documents received in trailing.


Seller Comment (2025-01-08): Comment from [REDACTED] ([REDACTED]): [REDACTED] statement is for the borrower's business [REDACTED]		 01/10/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222653882       32503151     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   The title is currently vested in [REDACTED] only; however, the security instrument shows the loan closed in the name of [REDACTED] and [REDACTED]. An updated deed reflecting both borrowers is required.       Reviewer Comment (2025-01-03): Deed Received, Exception Cleared


Seller Comment (2025-01-03): Comment from [REDACTED] ([REDACTED]): QCD		 01/03/2025     1 D A D A D A D A D A   CT Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222653882       32503175     Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided   The appraisal reflects all four units are rented; however, the file is missing the lease agreements for all four units.       Reviewer Comment (2025-01-03): Lease Agreement Received, Exception Cleared


Seller Comment (2025-01-03): Comment from (REDACTED) ((REDACTED)): Leases		 01/03/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222653906       32499308     Credit Credit Miscellaneous Guideline Credit Exception:   The guidelines do not allow the use of funds to be used toward personal debt. The Closing Disclosure reflects a payoff to [REDACTED] in the amount of [REDACTED] and there is no documentation in the file to verify this payoff is business related.       Reviewer Comment (2025-01-10): LOE and supporting documents received in trailing.


Seller Comment (2025-01-08): Comment from [REDACTED] ((REDACTED)): [REDACTED] statement is for the borrower's business [REDACTED]		 01/10/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222653906       32499360     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2025-01-03): Received Note Addendum - Prepayment, exception cleared.


Seller Comment (2025-01-02): Comment from [REDACTED] ([REDACTED]): Prepayment addendum		 01/03/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A Yes
222653907       32495178     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2025-01-03): Received Note Addendum - Prepayment, exception cleared.


Seller Comment (2025-01-02): Comment from [REDACTED] ([REDACTED]): Prepayment addendum		 01/03/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A Yes
222653907       32495181     Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements.   The mortgagee clause does not reflect ISAOA.       Reviewer Comment (2025-01-28): received dec page with updated mortgagee clause


Seller Comment (2025-01-24): Comment from[REDACTED] ([REDACTED]): HOI		 01/28/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222653907       32495192     Credit Credit Miscellaneous Guideline Credit Exception:   The closing disclosure reflects a payoff of [REDACTED] to [REDACTED]. There is no documentation in the file to verify this payoff is for business purposes as paying off personal debt is not allowed.       Reviewer Comment (2025-01-10): LOE and supporting documents received in trailing.


Seller Comment (2025-01-08): Comment from [REDACTED] ([REDACTED]): Fairport Asset Management payoff is for the borrowers business [REDACTED]		 01/10/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222653915       32501767     Credit Credit Miscellaneous Guideline Credit Exception:   The guidelines require the cash out to be used for business purposes only. The Closing Disclosure reflects a payoff to [REDACTED] in the amount of [REDACTED] and the file does not contain any documentation to verify the debt is business debt.       Reviewer Comment (2025-01-13): Evidence of Business Purpose received in trailing.


Seller Comment (2025-01-08): Comment from [REDACTED] ([REDACTED]): [REDACTED] statement is for the borrower's business [REDACTED]		 01/13/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222653915       32501773     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2025-01-03): Received Note Addendum - Prepayment, exception cleared.


Seller Comment (2025-01-02): Comment from [REDACTED] ([REDACTED]): Prepayment addendum		 01/03/2025     1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A Yes
222653916       32504906     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2025-01-03): Received in trailing documents.


Seller Comment (2025-01-03): Comment from [REDACTED] ([REDACTED]): Prepayment addendum		 01/03/2025     1 C A C A C A C A C A   CT Investment Refinance - Rate/Term   C A C A     A A   N/A Yes
222654395       32494406     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2024-12-30): Received Approval, exception cleared.


Seller Comment (2024-12-30): Comment from [REDACTED] ([REDACTED]): Please see UW Decision		 12/30/2024     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
222654485       32502259     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2024-12-30): Received Approval, exception cleared.


Seller Comment (2024-12-30): Comment from [REDACTED] ([REDACTED]: Please see UW Decision		 12/30/2024     1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
222654485       32502378     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2024-12-30): Received Title Supplemental Report, exception cleared.


Seller Comment (2024-12-30): Comment from [REDACTED]r ([REDACTED]): Please see title supplement confirming policy amount		 12/30/2024     1 B A B A B A B A B A   CA Investment Purchase   C A C A     A A   N/A No
222654516       32494511     Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines referenced on 1008 have not been provided for review. Loan was reviewed to [REDACTED] guidelines. 1008 references guidelines dated [REDACTED]. Guideline updates must be provided to [REDACTED] directly for approval and upload to [REDACTED], do not load to exception. A new 1008 reflecting the loan was qualified under [REDACTED] guidelines required.       Reviewer Comment (2025-01-06): Per seller email dated 1/6/2025 review to guidelines provided which are XX/XX/XX 1008 is incorrect; however, not a required document, okay to clear . 01/06/2025     1 C A C A C A C A C A   AZ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222662430       32504195     Credit Credit Credit Eligibility Guideline Public Record Issue: -         Reviewer Comment (2025-01-13): Re-opened EV3. See new exception.


Buyer Comment (2025-01-07): Comment from [REDACTED] ([REDACTED].): Please note Judgment from 1987 - outside of collectible window, no resolution required.		 01/13/2025     1 B A B A B A B A B A   CT Investment Purchase   C A C A     A A   N/A No
222662430       32504260     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dec page reflects coverage of [REDACTED] which is insufficient to cover loan amount of [REDACTED].       Reviewer Comment (2025-01-03): Agent attestation of RCE received in trailing documents.


Seller Comment (2025-01-02): Comment from [REDACTED] ([REDACTED].): Email from insurance agent stating they insure everything to 100% insurance to value.		 01/03/2025     1 C A C A C A C A C A   CT Investment Purchase   C A C A     A A   N/A No
222662430       32627893     Credit Credit Miscellaneous Guideline Credit Exception:   Added following review of trailing documents (re-opened EV3. Prior citation incorrectly set as EV2):
Judgement in the amount of [REDACTED] dated [REDACTED] with no expiration date listed. ([REDACTED]). Seller commentary reflects case was from [REDACTED]. Background Report reflects judgement filed [REDACTED].		       Reviewer Comment (2025-01-16): Per phone conversation and email datedXX/XX/XX Client approves seller explanation around guideline clarification of judgements and required payoffs


Reviewer Comment (2025-01-13): Moved to buyer queue for approval and downgrade consideration.


Buyer Comment (2025-01-13): Comment from [REDACTED] ([REDACTED].): Civic judgment referenced does not need disposition; specifically "non-government judgment outside of [REDACTED] years from date of application are deemed uncollectable and do not require disposition or resolution".		 01/16/2025     1   A   A   A   A   A   CT Investment Purchase   C A C A     A A   N/A No
222662431       32503279     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [REDACTED].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2024-12-31): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX     12/31/2024 2 B B B B B B B B B B   NC Investment Purchase   B B B B     A A   N/A No
222662445       32505311     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX SitusAMC,Aggregator

SitusAMC		 Reviewer Comment (2024-12-31): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED]     12/31/2024 2 B B B B B B B B B B   FL Investment Purchase   B B B B     A A   N/A No
222662457       32521067     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate provided is illegible.       Reviewer Comment (2025-01-02): Accepted as is


Reviewer Comment (2025-01-02): Copy provided is trailing is still mostly illegible.


Seller Comment (2025-01-02): Comment from [REDACTED] ([REDACTED]): Legible (enlarge)		 01/02/2025     1 C A C A C A C A C A   GA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222662464       32511415     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided     Borrower has owned the subject property for at least[REDACTED] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.		   SitusAMC

SitusAMC		 Reviewer Comment (2025-01-14): Waive per client emails datedXX/XX/XX


Reviewer Comment (2025-01-06): Received UW LOE, Articles not provided.


Seller Comment (2025-01-06): Comment from [REDACTED] ([REDACTED]): UW LOE		     01/14/2025 2 C B C B C B C B C B   MN Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222668911       32514553     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided           Reviewer Comment (2025-01-03): Received in trailing documents.


Seller Comment (2025-01-03): Comment from[REDACTED]([REDACTED]): Fraud Report		 01/03/2025     1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
222670663       32565377     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy.           Reviewer Comment (2025-01-07): Guideline clarification received.


Reviewer Comment (2025-01-06): Please advise Effective Date and Name of guidelines being referenced. Loan reviewed to Truly Portfolio Guidelines per approval.


Seller Comment (2025-01-06): Comment from [REDACTED] ([REDACTED]): TRULY - min DSCR is [REDACTED]- see attached guideline snip		 01/07/2025     1 C A C A C A C A C A     Investment Refinance - Rate/Term   C A C A     A A   N/A No
222671809       32540583     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2025-01-09): Post Disaster Inspection (PDI) Received, Exception Cleared


Seller Comment (2025-01-08): Uploaded, no damage		 01/09/2025     1 C A C A C A C A C A   GA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222671815       32545386     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC

SitusAMC

SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2025-01-10): Property inspected post disaster but pre-FEMA declaration of disaster end date.


Reviewer Comment (2025-01-07): Moved to [REDACTED] for waiver and downgrade consideration.  Appraisal in file completed after the disaster declaration date does not appear to reflect storm damage however it was performed prior to the declared end date.		     01/10/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222671815       32545391     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222671832       32547278     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2025-01-13): Updated PDI confirms no damage


Seller Comment (2025-01-10): no damage on disaster inspection


Reviewer Comment (2025-01-07): PDI in file confirms damage regarding a (REDACTED)		 01/13/2025     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222671832       32547280     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222671832       32587440     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has been affected by the disaster.   PDI in file confirms damage regarding a (REDACTED).       Reviewer Comment (2025-01-13): Updated PDI confirms no damage.


Seller Comment (2025-01-10): no damage on disaster inspection


Reviewer Comment (2025-01-07): PDI in file confirms damage regarding a (REDACTED).		 01/13/2025     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222671833       32589053     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator

SitusAMC		 Reviewer Comment (2025-01-10): Property inspected post disaster but pre-FEMA declaration of disaster end date.


Reviewer Comment (2025-01-07): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/10/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222671834       32544409     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222671838       32536995     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-06): Moved to [REDACTED] for waiver consideration of EV2       2 A A A A A A A A B B   TX Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
222671848       32538019     Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___                 2 B B B B B B B B B B   OK Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222671851       32538564     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222671853       32546986     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222671862       32544731     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   The representative FICO score exceeds the guideline minimum by at least 40 points.

Property inspected post disaster but pre-FEMA declaration of disaster end date.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC

SitusAMC,Aggregator		 Reviewer Comment (2025-01-10): Property inspected post disaster but pre-FEMA declaration of disaster end date.


Reviewer Comment (2025-01-07): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/10/2025 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222671866       32539034     Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___                 2 B B B B B B B B B B   IN Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
222671866       32539038     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-06): Moved to [REDACTED] for waiver and downgrade consideration of EV2.       2 A A A A A A A A B B   IN Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
222671870       32539106     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria. Sec ID: 10 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-07): Moved to [REDACTED] for waiver consideration of EV2.       2 A A D D A A A A A A   MI Investment Purchase   D D A A     D D   N/A No
222671877       32565589     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2025-01-13): PDI in TD


Seller Comment (2025-01-13): Uploaded disaster inspection		 01/13/2025     1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222671884       32542337     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-07): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   KS Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
222671889       32569735     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-09): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   AL Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
222671893       32592618     Credit Credit Miscellaneous Guideline Credit Exception:   Borrowing entity OA in file reflects individual membership however the BA in file and signature page of the note reflects that the member is a trust.  Please provide the amended Operating Agreement to confirm transfer from individual ownership to the trust to align with the BA and other docs.       Reviewer Comment (2025-01-09): Included in trailing documents


Seller Comment (2025-01-08): Assignment of Membership document shows the trust has been a member of the LLC since (REDACTED)		 01/09/2025     1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222671897       32565627     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222671897       32565632     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator

SitusAMC		 Reviewer Comment (2025-01-10): Property inspected post disaster but pre-FEMA declaration of disaster end date.


Reviewer Comment (2025-01-08): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/10/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222671898       32544025     Credit Credit Credit Eligibility Guideline Public Record Issue: -                 2 B B B B B B B B B B   MO Investment Refinance - Rate/Term   B B B B     A A   N/A No
222671902       32587128     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   The guidelines require an OFAC to be pulled on each member of the business entity. An OFAC was not pulled on the additional member, [REDACTED].       Reviewer Comment (2025-01-09): OFAC Received, Exception Cleared


Seller Comment (2025-01-09): Uploaded OFAC, no hits		 01/09/2025     1 C A C A C A C A C A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222671904       32542874     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Purchase   B B B B     A A   N/A No
222671905       32543484     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Rate/Term   B B B B     A A   N/A No
222671911       32542116     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Purchase   B B B B     A A   N/A No
222671914       32587002     Credit Credit Miscellaneous Guideline Credit Exception:   The security instrument reflects [REDACTED]County and the subject is located in [REDACTED] County.  Please provide a Corrective Addendum executed by the borrower and evidence of intent to record.       Reviewer Comment (2025-01-22): Recorded Corrective Addendum received in trailing documents.


Seller Comment (2025-01-21): Uploaded recorded corrective addendum to DOT


Reviewer Comment (2025-01-13): Awaiting receipt of Corrective Addendum executed by all parties and evidence of intent to record


Seller Comment (2025-01-10): 1/10- Reached out to C/A for correction		 01/22/2025     1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C A C A     A A   N/A No
222671924       32545219     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AZ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222671926       32588421     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222671930       32546918     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222671935       32548028     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Purchase   B B B B     A A   N/A No
222671940       32566231     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2025-01-16): Received Property Inspection Report hence, exception cleared


Seller Comment (2025-01-15): uploaded disaster inspection no damage		 01/16/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222671943       32594386     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines.   Missing OFAC for the sub-entity listed on Note as required by guidelines.       Reviewer Comment (2025-01-16): Included in TD.


Seller Comment (2025-01-15): Here you go


Reviewer Comment (2025-01-13): Still missing for Lantigua Corp


Seller Comment (2025-01-10): OFAC search results		 01/16/2025     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222671947       32548319     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-14): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-14): AMC - Please waive down


Reviewer Comment (2025-01-13): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.


Seller Comment (2025-01-10): Uploaded flood cert		     01/14/2025 2 C B C B C B C B C B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222671963       32570266     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-14): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-14): AMC - Please waive down


Reviewer Comment (2025-01-13): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/14/2025 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222671971       32549201     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   VA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222671976       32552368     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222671981       32552354     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-14): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-14): AMC - Please waive down


Reviewer Comment (2025-01-13): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/14/2025 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
222671983       32549090     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Rate/Term   B B B B     A A   N/A No
222671984       32568800     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222671986       32570261     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-14): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-14): AMC - Please waive down


Reviewer Comment (2025-01-13): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/14/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672001       32549903     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Refinance - Rate/Term   C B B B     C A   N/A No
222672001       32549976     Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal   The desk review appears to include a typo for the appraisal effective date ([REDACTED]).       Reviewer Comment (2025-01-22): Corrected CDA in TD


Seller Comment (2025-01-21): Uploaded corrective desktop


Reviewer Comment (2025-01-14): The desk review appears to include a typo for the appraisal effective date (2022).		 01/22/2025     1 C A C A C A C A C A   SC Investment Refinance - Rate/Term   C B B B     C A   N/A No
222672002       32566802     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IN Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672006       32570126     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-21): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-21): AMC - Please waive down


Reviewer Comment (2025-01-14): Moved to[REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/21/2025 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672007       32580277     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2025-01-16): Included in TD.


Seller Comment (2025-01-15): Screenshot of OFAC search results


Seller Comment (2025-01-15): Uploaded OFAC check		 01/16/2025     1 C A C A C A C A C A   MI Investment Purchase   C A C A     A A   N/A No
222672007       32638190     Credit Credit Miscellaneous Guideline Credit Exception:   Borrowing Authorization is missing from this file.       Reviewer Comment (2025-01-16): Included in TD.


Seller Comment (2025-01-15): BA Attached and in Ops		 01/16/2025     1 C A C A C A C A C A   MI Investment Purchase   C A C A     A A   N/A No
222672008       32566664     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   Missing for borrower : [REDACTED]       Reviewer Comment (2025-01-16): OFAC Received, Exception Cleared


Seller Comment (2025-01-16): OFAC Attached		 01/16/2025     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222672012       32580204     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   KS Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672028       32579320     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OK Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672034       32568483     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672035       32580104     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-15): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   OH Investment Purchase   B B A A     B B   N/A No
222672037       32629557     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   The names of the members on the operating agreement appear to be misspelled and do not match the Note.       Reviewer Comment (2025-01-21): Name Affidavit reflects the Operating Agreement signature names hence, exception cleared


Seller Comment (2025-01-16): AKA from borrower clarifies both spellings of names, attached IDs and VOIs for both signers		 01/21/2025     1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
222672038       32596198     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672039       32550909     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-21): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-21): AMC - Please waive down


Reviewer Comment (2025-01-15): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/21/2025 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672041       32568921     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Rate/Term   B B B B     A A   N/A No
222672044       32579424     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.           Reviewer Comment (2025-01-21): (REDACTED) limit confirmed in trailing docs (endorsement)


Seller Comment (2025-01-16): Rent Loss: [REDACTED] (Endorsement provided for "business income and Extra expense which is the equivalent (REDACTED) explains terms")		 01/21/2025     1 C A C A C A C A C A   MI Investment Purchase   C A C A     A A   N/A No
222672051       32579207     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672068       32591078     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-21): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-21): AMC - Please waive down


Reviewer Comment (2025-01-16): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/21/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672071       32583185     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672075       32581899     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-21): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-21): AMC - Please waive down


Reviewer Comment (2025-01-16): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/21/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672090       32592558     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003 Error: Birth Date  was not provided -                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672092       32583629     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2025-01-22): Included in TD.


Seller Comment (2025-01-21): OFAC search results		 01/22/2025     1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672092       32657201     Credit Credit Miscellaneous Guideline Credit Exception:   POA used for note and guaranty execution - this is not a guideline violation but an exception is set for [REDACTED] visibility.  Moved to [REDACTED] for consideration. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 Low LTV

High FICO		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-01-21): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-21): AMC - Please waive down


Reviewer Comment (2025-01-16): Moved to [REDACTED] for consideration.		     01/21/2025 2 C B C B C B C B C B   VA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672095       32588845     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2025-01-17): Included in TD.


Seller Comment (2025-01-17): This is the re-uploaded OFAC		 01/17/2025     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222672097       32583166     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672109       32582082     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.                   2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672109       32645615     Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy.             01/22/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672110       32601903     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672115       32582238     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672117       32585631     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222672121       32591088     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2025-01-21): OFAC Received Exception Cleared


Seller Comment (2025-01-21): uploaded sanction search list		 01/21/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672121       32591095     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-21): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-21): AMC - Please waive down


Reviewer Comment (2025-01-17): Moved to[REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/21/2025 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222672127       32591614     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TN Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
222672127       32591616     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-17): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   TN Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
222672129       32591643     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AZ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222680059       32551403     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy.   Minimum DSCR of 1.00 required for cash-out.       Reviewer Comment (2025-01-08): Received evidence of rent receipt.


Seller Comment (2025-01-08): Comment from [REDACTED] ([REDACTED]): Revised DSCR calc and 1008 - Per guidelines we can utilize a 120% of the 1007 rents with proof of receipt.


Reviewer Comment (2025-01-06): Market rent from 1007 used for qualifying in the amount of [REDACTED].


Seller Comment (2025-01-06): Comment from [REDACTED] ([REDACTED]): DSCR Calc and supporting docs		 01/08/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222680067       32545843     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2025-01-06): Located paid invoice for POC appraisal.


Buyer Comment (2025-01-06): Comment from [REDACTED] ([REDACTED]): Please reconsider and/or clarify. The verified assets are [REDACTED]. The CTC per the final CD is [REDACTED]. With no consideration for the [REDACTED] EMD, the amount  increases to [REDACTED]. Subtracting [REDACTED] from the assets results in reserves of [REDACTED], divided by the PITIA of [REDACTED] equals [REDACTED] months of reserves. Thank you!		 01/06/2025     1 C A C A C A C A C A   TN Investment Purchase   C A C A     A A   N/A No
222680313       32568830     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided           Reviewer Comment (2025-01-06): Patriot Act Customer identification document in file, Exception cleared.


Buyer Comment (2025-01-06): Comment from [REDACTED] ([REDACTED]): Please see (REDACTED)		 01/06/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222680313       32578854     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2025-01-07): Received in trailing documents.


Seller Comment (2025-01-07): Comment from [REDACTED] ([REDACTED]): BPC		 01/07/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222680313       32578855     Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided           Reviewer Comment (2025-01-07): Received in trailing documents.


Seller Comment (2025-01-07): Comment from [REDACTED] ([REDACTED].): BPC		 01/07/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222680313       32578857     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2025-01-07): Received in trailing documents.


Seller Comment (2025-01-07): Comment from[REDACTED] ([REDACTED].): Approval		 01/07/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222680329       32542309     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-08): Received CDA, exception cleared.


Seller Comment (2025-01-07): Comment from Jaymece Harrison (PRMG): CDA		 01/08/2025     1 D A D A D A D A D A   OH Investment Purchase   D A A A     D A   N/A No
222724917       32606791     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.           Reviewer Comment (2024-11-21): Cleared.


Buyer Comment (2024-11-21): PDI Report attached		 11/21/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   D B D B     D A   N/A No
222724917       32606793     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal is missing. Sec ID: 1           Reviewer Comment (2024-11-22): Appraisal provided from original purchase. Property purchased within[REDACTED]months and this is considered a purchase by the lender.


Buyer Comment (2024-11-20): appraisal		 11/22/2024     1 D A D A D A D A D A   GA Investment Refinance - Rate/Term   D B D B     D A   N/A No
222724917       32606794     Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided   Appraisal missing in the file.       Reviewer Comment (2024-11-22): Appraisal provided from original purchase. Property purchased within [REDACTED] months and this is considered a purchase by the lender.


Buyer Comment (2024-11-20): Appraisal loaded to trailing docs		 11/22/2024     1 D A D A D A D A D A   GA Investment Refinance - Rate/Term   D B D B     D A   N/A No
222724917       32606795     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   File is missing 12 month housing history for subject property.       Reviewer Comment (2024-11-22): Cleared with Lenders VOM Memo.


Buyer Comment (2024-11-20): VOM		 11/22/2024     1 C A C A C A C A D A   GA Investment Refinance - Rate/Term   D B D B     D A   N/A No
222724917       32606796     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___. File is missing all signatures and percent of ownership for [REDACTED]. The representative FICO score exceeds the guideline minimum by at least 40 points. Guidelines Representative FICO: 680
Representative FICO: [REDACTED]		 Originator,SitusAMC Reviewer Comment (2024-11-21): File is missing all signatures and percent of ownership for (REDACTED).


Buyer Comment (2024-11-20): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity ([REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED] with the same layered entities behind them. Please waive.		     11/21/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     D A   N/A No
222724917       32606797     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. File is missing verification of reserves.   Unable to use bank statement in file due to missing all signatures and ownership percent for (REDACTED). The representative FICO score exceeds the guideline minimum by at least 40 points. Guidelines Representative FICO: 680
Representative FICO: [REDACTED]		 Originator,SitusAMC Reviewer Comment (2024-11-21): File is missing verification of reserves. Unable to use bank statement in file due to missing all signatures and ownership percent for (REDACTED).


Buyer Comment (2024-11-20): This sponsor utilizes layered entities, with various passive investors. We do not require documentation beyond our borrowing entity (the [REDACTED]). Our loan is guaranteed by the [REDACTED] owner, who is our warm body and active participant in the transaction. We have originated, cleared diligence and sold many of these loans to date all with this structure, which has been previously cleared with the [REDACTED]. The borrowers typically set up [REDACTED] with the same layered entities behind them. Please waive.		     11/21/2024 2 C B C B C B C B C B   GA Investment Refinance - Rate/Term   D B D B     D A   N/A No
222724917       32606798     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Max LTV 55% for unrented refinance with DSCR < 1.0.       Reviewer Comment (2024-11-21): Cleared.


Buyer Comment (2024-11-20): The DSCR is 1.01x. This is eligible for up to 70%		 11/21/2024     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   D B D B     D A   N/A No
222724921       32606811     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy.   Lease for the (REDACTED) is missing.   Additional conditions may apply if lease not provided.       Reviewer Comment (2025-01-06): Per client direction, property was considered unleased and market rents were used.


Reviewer Comment (2025-01-06): The only document provided was an "addendum to lease" for the lease already provided.  We are missing the lease to the main house.


Buyer Comment (2025-01-02): uploaded to trailing docs		 01/06/2025     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222724921       32606812     Credit Credit Credit Documentation Credit There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan.   Lease for the (REDACTED) is missing.   Additional conditions may apply if lease not provided.       Reviewer Comment (2025-01-06): Per client direction, property was considered unleased and 10% leverage reduction has been applied.


Reviewer Comment (2025-01-06): The only document provided was an "addendum to lease" for the lease already provided.  We are missing the lease to the main house.


Buyer Comment (2025-01-02): lease addendum		 01/06/2025     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222724928       32606826     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Corporate Resolution in file not signed by both parties.       Reviewer Comment (2025-01-06): Received


Buyer Comment (2025-01-06): Corporate resolution attached		 01/06/2025     1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222724928       32606827     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided   Guarantor Agreement in file not signed by both parties.       Reviewer Comment (2025-01-06): Received


Buyer Comment (2025-01-06): Apologies, please find attached


Reviewer Comment (2025-01-06): Received same document as in prior submission.  The document we need is the "Commercial Guaranty".  All copies in the original submission are not executed.


Buyer Comment (2025-01-06): Commercial Guaranty attached


Reviewer Comment (2025-01-06): Document provided is not the Commercial Guaranty Agreement.  Please provide fully executed Commercial Guaranty.


Buyer Comment (2025-01-06): Guarantor agreement attached		 01/06/2025     1 D A D A D A D A D A   NJ Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222724928       32606828     Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided           Reviewer Comment (2025-01-06): Per business purpose certificate, all proceeds are for business purposes.


Buyer Comment (2025-01-06): this is not a required document		 01/06/2025     1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222748401       32671300     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748407       32671504     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222748407       32674399     Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided   Credit reports from 2 bureaus are required. The file only contains 1 credit report.       Reviewer Comment (2025-01-22): Received Credit Report, exception cleared.


Seller Comment (2025-01-22): uploaded equifax report		 01/22/2025     1 D A D A D A D A D A   PA Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222748407       32674433     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   The certificate of good standing in the file is dated [REDACTED], which is more than 360 days from the application date of [REDACTED].       Reviewer Comment (2025-01-22): Received Certificate of Good Standing, exception cleared.


Seller Comment (2025-01-22): uploaded updated cog		 01/22/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222748410       32673468     Credit Credit Miscellaneous Guideline Credit Exception:   There are two versions of the operating agreement in file each with a different sole member indicated.  Please provide a document signed by the original member (on the original OA) relinquishing ownership to the guarantor and sole member on the more recent OA.       Reviewer Comment (2025-01-23): Trailing doc confirms Guarantor owns 100%


Seller Comment (2025-01-22): Business purchase agreement between [REDACTED] and [REDACTED]-signed by all parties dated [REDACTED]		 01/23/2025     1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222748412       32676193     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-23): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-23): AMC - Please waive down


Reviewer Comment (2025-01-22): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/23/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748416       32669766     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748419       32675372     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-22): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   TN Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
222748420       32671384     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748422       32678225     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748422       32678227     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-23): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-23): AMC - Please waive down


Reviewer Comment (2025-01-22): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/23/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748424       32675642     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-23): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-23): AMC - Please waive down


Reviewer Comment (2025-01-22): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/23/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748425       32672813     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Rate/Term   B B B B     A A   N/A No
222748429       32671581     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Rate/Term   B B B B     A A   N/A No
222748433       32672152     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2025-01-27): Included in TD.


Seller Comment (2025-01-23): uploaded		 01/27/2025     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748433       32672155     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748436       32673543     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-23): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-23): AMC - Please waive down


Reviewer Comment (2025-01-22): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/23/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748443       32679379     Credit Title Document Error Title The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2025-01-30): Included in TD.


Seller Comment (2025-01-30): Uploaded FTP


Reviewer Comment (2025-01-29): Please provide a preliminary title report reflecting coverage equal to the loan amount.


Seller Comment (2025-01-28): Our CAs/title companies are given [REDACTED] days to produce an FTP, this has been requested but not received		 01/30/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222748446       32678006     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-23): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-23): AMC - Please waive down


Reviewer Comment (2025-01-22): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/23/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748446       32678008     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748447       32680015     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-24): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-24): AMC - Please waive down


Reviewer Comment (2025-01-23): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/24/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748450       32696534     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided   Missing Tax Cert to support the actual taxes used to qualify.       Reviewer Comment (2025-01-27): Received Tax Certificate, exception cleared.


Seller Comment (2025-01-24): uploaded		 01/27/2025     1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222748451       32674824     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748452       32680716     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-24): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-24): AMC - Please waive down


Reviewer Comment (2025-01-23): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/24/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748452       32680718     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748453       32680331     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-24): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-24): AMC - Please waive down


Reviewer Comment (2025-01-24): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/24/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748454       32691399     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748454       32691418     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-24): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-24): AMC - Please waive down


Reviewer Comment (2025-01-24): Moved to [REDACTED]for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/24/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748455       32676731     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-24): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-24): AMC - Please waive down


Reviewer Comment (2025-01-23): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/24/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748456       32677924     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-23): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   PA Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
222748457       32676477     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MN Investment Refinance - Rate/Term   B B B B     A A   N/A No
222748459       32676176     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748460       32691833     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748468       32675634     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   CO Investment Refinance - Rate/Term   B B B B     A A   N/A No
222748475       32674320     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748489       32691439     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-24): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-24): AMC - Please waive down


Reviewer Comment (2025-01-24): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/24/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748492       32675072     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Missing certificate of good standing for [REDACTED]       Reviewer Comment (2025-01-23): Received Good Standing, Exception cleared.


Seller Comment (2025-01-23): Uploaded middesk		 01/23/2025     1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222748493       32677772     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Rate/Term   B B B B     A A   N/A No
222748495       32676319     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748500       32703575     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-24): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   FL Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
222748510       32677818     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OK Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748513       32678814     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748513       32697150     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2025-01-28): Included in trailing documents


Seller Comment (2025-01-27): Uploaded OFAC, no hits		 01/28/2025     1 C A C A C A C A C A   GA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748515       32691767     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   VA Investment Purchase   B B B B     A A   N/A No
222748518       32679410     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748521       32679086     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.                   2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748521       32679117     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. Disaster Name: ___
Disaster Declaration Date: ___		         Reviewer Comment (2025-01-28): Received Post Disaster Inspection Report, exception cleared.


Seller Comment (2025-01-27): Please see the disaster inspection noting no damange		 01/28/2025     1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748525       32674627     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748526       32672997     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748528       32693176     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-27): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-27): AMC -  Please waive down


Reviewer Comment (2025-01-24): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/27/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748536       32689719     Credit Credit Miscellaneous Guideline Credit Exception:   Operating Agreement in file reflects that the Guarantor owns [REDACTED] while the Borrowing Authorization reflects [REDACTED].  These documents must align.  Is there a missing OA amendment signed by both members increasing the Guarantor share to [REDACTED]?       Reviewer Comment (2025-01-24): Cleared based on trailing explanation and signed corporate resolution in file (BA)


Seller Comment (2025-01-23): Uploaded borrower LOE on percentages		 01/24/2025     1 C A C A C A C A C A   AL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222748543       32693575     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748550       32706223     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NY Investment Refinance - Rate/Term   B B B B     A A   N/A No
222748553       32693489     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OK Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748553       32706516     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.           Reviewer Comment (2025-01-29): Included in TD.


Seller Comment (2025-01-28): uploaded hoi and evidence of property insurance		 01/29/2025     1 C A C A C A C A C A   OK Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748558       32706700     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748563       32673448     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   B B B B     A A   N/A No
222748566       32693426     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   CO Investment Refinance - Rate/Term   B B B B     A A   N/A No
222748567       32700723     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-29): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-29): AMC -  Please waive down


Reviewer Comment (2025-01-28): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no damage, however it was completed prior to the declared disaster end date.		     01/29/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748568       32698428     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   VA Investment Purchase   B B B B     A A   N/A No
222748572       32696261     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748573       32693735     Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___ Please provide evidence that the renewal premium/ policy has been paid.       Reviewer Comment (2025-01-27): Please provide evidence that the renewal premium/ policy has been paid.       2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748574       32693500     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-27): Moved to[REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   NY Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
222748575       32697764     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748577       32698559     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   AL Investment Refinance - Rate/Term   B B B B     B B   N/A No
222748577       32698560     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-27): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   AL Investment Refinance - Rate/Term   B B B B     B B   N/A No
222748579       32696833     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   VA Investment Purchase   B B B B     A A   N/A No
222748581       32699257     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-29): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-29): AMC -  Please waive down


Reviewer Comment (2025-01-27): Moved to[REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no storm damage, however it was completed prior to the declared disaster end date.		     01/29/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748581       32713910     Credit Credit Miscellaneous Guideline Credit Exception:   The CDA in file is dated [REDACTED] which is more than 180 days from the note date.  Please provide a new/ updated CDA.       Reviewer Comment (2025-01-30): Updated CDA in TD


Seller Comment (2025-01-29): desktop reviewed within date, uplded		 01/30/2025     1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748583       32715039     Credit Credit Miscellaneous Guideline Credit Exception:   The most recent Operating Agreement in file reflects ownership breakdown as (REDACTED) while the Borrowing Authorization reflects (REDACTED).  Please provide the amended OA signed by all members confirming the breakdown on the Borrowing Authorization ((REDACTED)) as these docs must align.       Reviewer Comment (2025-01-30): Confirmation included in TD


Seller Comment (2025-01-30): Upladed tax doc reflecting corrected 25% 4-way split		 01/30/2025     1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222748584       32678016     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748586       32700760     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Purchase   B B B B     A A   N/A No
222748588       32699032     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748588       32723102     Credit Credit Miscellaneous Guideline Credit Exception:   An unpaid civil judgment for [REDACTED] is apparent on the background check in file.       Reviewer Comment (2025-01-30): Satisfaction in trailing docs


Seller Comment (2025-01-29): uploaded		 01/30/2025     1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222748593       32723788     Credit Credit Miscellaneous Guideline Credit Exception:   The subject is a (REDACTED).  Please provide evidence that it is classified as real property per guidelines.  Upon receipt [REDACTED]consideration will be required for [REDACTED] visibility.       Reviewer Comment (2025-01-31): Cleared per[REDACTED] email - guidelines met.


Buyer Comment (2025-01-31): AMC - Please clear


Reviewer Comment (2025-01-30): Manufactured Home guidelines have been met - moved to [REDACTED] for visibility and confirmation that clearance is appropriate.


Seller Comment (2025-01-29): Uploaded Deed that confirms real property, see page 1 paragraph 5 (paragraph 3 of legal description)		 01/31/2025     1 C A C A C A C A C A   GA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222748596       32679428     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222748598       32724095     Credit Credit Miscellaneous Guideline Credit Exception:   Operating Agreement in file reflects 2 members, however the Borrowing Authorization in file reflects that the Guarantor is the sole member.  Please provide the OA amendment executed by the outgoing member as these docs must align.       Reviewer Comment (2025-01-30): Included in trailing docs


Seller Comment (2025-01-29): uploaded OA and assignment of interest		 01/30/2025     1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
222748604       32701167     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-01-29): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-01-29): AMC -  Please waive down


Reviewer Comment (2025-01-28): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no damage, however it was completed prior to the declared disaster end date.		     01/29/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222748607       32725339     Credit Credit Miscellaneous Guideline Credit Exception:   The Operating Agreement in file for [REDACTED] is missing some pages.  Please provide all 6 pages including the signature page.       Reviewer Comment (2025-01-31): Included in TD.


Seller Comment (2025-01-30): Provided other pages


Reviewer Comment (2025-01-30): Pages 1, 5 and 6 were provided in trailing docs - pages 2,3, and 4 are still missing.


Seller Comment (2025-01-29): All pages		 01/31/2025     1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222748615       32700742     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-01-28): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   FL Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
222748617       32678884     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   IL Investment Refinance - Rate/Term   B B B B     A A   N/A No
222806082       32802911     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-02-12): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-02-12): AMC - Please waive down


Reviewer Comment (2025-02-06): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no damage, however it was completed prior to the declared disaster end date.		     02/12/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222806082       32802919     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222806090       32798960     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806095       32798715     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2025-02-10): Included in TD.


Seller Comment (2025-02-07): OFAC results		 02/10/2025     1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   C A C A     A A   N/A No
222806097       32798668     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806099       32798305     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-02-12): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-02-12): AMC - Please waive down


Reviewer Comment (2025-02-06): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no damage, however it was completed prior to the declared disaster end date.		     02/12/2025 2 C B C B C B C B C B   NC Investment Purchase   C B C B     A A   N/A No
222806107       32808467     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OH Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806116       32808514     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Rate/Term   B B B B     A A   N/A No
222806119       32800688     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   SC Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806133       32803800     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   The guidelines require an OFAC search on the business entities and sub-entities. The OFAC search in the file does not contain a search for the borrowing entity and the sub-entity.       Reviewer Comment (2025-02-10): OFAC Received, Exception Cleared


Seller Comment (2025-02-10): sub entity search list no results


Seller Comment (2025-02-10): entity search no results		 02/10/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C A     B B   N/A No
222806133       32809983     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-02-07): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   FL Investment Refinance - Cash-out - Other   C B C A     B B   N/A No
222806150       32804288     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222806150       32809605     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided   The title is currently vested in the guarantor's individual name. A deed transferring the property from the individual name to the business entity name is required. The file does contain a deed transferring the property; however, it is not executed.       Reviewer Comment (2025-02-11): Received Deed, exception cleared.


Seller Comment (2025-02-11): uploaded rec deed		 02/11/2025     1 D A D A D A D A D A   MI Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
222806151       32812322     Credit Credit Miscellaneous Guideline Credit Exception:   The subject property consists of (REDACTED) per survey in file.  Each are on separate lots/ parcels.  Typically, these are originated as portfolio loans with release provisions and separate valuations on each.  The subject loan was not originated as a portfolio loan but rather as a single asset loan.  The file does not include release provisions.  It also does not include a separate valuation on each property in order to calculate an accurate LTV.  Instead, it was appraised as a single asset with one total value used to determine and report LTV.  [REDACTED] consideration for waiver and downgrade is needed. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.		 High DSCR

High FICO		 Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2025-02-13): Waived and downgraded per[REDACTED] email / sheet.


Buyer Comment (2025-02-13): AMC -  Please waive down


Reviewer Comment (2025-02-07): Moved to [REDACTED] for waiver and downgrade consideration.		     02/13/2025 2 C B C B C B C B C B   OH Investment Purchase   C B C B     A A   N/A No
222806155       32804015     Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal   The Desk Review reflects the original appraisal reviewed had an effective date of [REDACTED]; however, the appraisal in the file has an effective date [REDACTED].       Reviewer Comment (2025-02-18): Received in trailing documents.


Seller Comment (2025-02-18): Uploaded corrected DVR		 02/18/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     C A   N/A No
222806155       32813219     Credit Credit Miscellaneous Guideline Credit Exception:   Please provide evidence that the subject manufactured home is classified as real property.       Reviewer Comment (2025-02-18): Property is real property per taxes, APN, and tax cert loaded


Seller Comment (2025-02-14): Uploaded doc showing real property


Reviewer Comment (2025-02-11): (REDACTED) Property Records appear to still classify the subject property as a mobile home (not real property) = (REDACTED)


Seller Comment (2025-02-10): Uploaded Final Title Policy that lists (REDACTED) that calls out retirement of mobile home title; appraisal confirms on permanent foundation		 02/18/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     C A   N/A No
222806155       32813227     Credit Credit Miscellaneous Guideline Credit Exception:   Subject is a manufactured home affixed to a permanent foundation which meets guidelines.  Exception is set for [REDACTED] visibility.  Moved to [REDACTED] for ok to clear.       Reviewer Comment (2025-02-12): Cleared per [REDACTED] email / sheet.


Buyer Comment (2025-02-12): AMC - Please clear


Reviewer Comment (2025-02-07): Exception is set for [REDACTED] visibility.  Moved to [REDACTED] for ok to clear.		 02/12/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     C A   N/A No
222806162       32811198     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806167       32802722     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   B B B B     A A   N/A No
222806171       32805095     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-02-12): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-02-12): AMC - Please waive down


Reviewer Comment (2025-02-09): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no damage, however it was completed prior to the declared disaster end date.		     02/12/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222806171       32805100     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222806173       32801841     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806176       32803412     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___                 2 A A A A A A A A B B   IN Investment Purchase   B B A A     B B   N/A No
222806177       32804467     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2025-02-11): Included in TD.


Seller Comment (2025-02-10): Uploaded OFAC		 02/11/2025     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222806180       32804792     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806181       32812713     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-02-10): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   FL Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
222806185       32814188     Credit Credit Miscellaneous Guideline Credit Exception:   Value may not be well supported.  Appraiser does not appear to explain why comps 1 and 2 were not included/ weighted in the value reconciliation.  There are 3 comps.  Comp 3 supports the value, however comps 1 and 2 only support a value around [REDACTED], which is equivalent to the loan amount.       Reviewer Comment (2025-02-14): Desk Review in file and appraiser commentary supports value.  Also, LTV is 5% below the guideline limitation.


Seller Comment (2025-02-12): Per UW, "Comp 3 aligns more closely with the subjects condition, making it a stronger indicator of the market value than Comps 1 & 2. Comps 1 & 2 had to require more adjustments for condition, sizes, and characteristics such as basements, bathrooms, garages. Comp 3 was determined to carry the most weight rather than the other too due to it being the best match. The DVR also pointed out this along with being similar to the subject and required minimal net/gross adjustments confirming sales within[REDACTED] supported by 7 other sold Comps in their reporting. So with both reports supporting the value and higher weight in Comp 3 the value was identified to be supported given the properties condition in comparison to the others."		 02/14/2025     1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222806199       32808004     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   GA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806200       32814859     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NJ Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806201       32804830     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-02-12): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-02-12): AMC - Please waive down


Reviewer Comment (2025-02-10): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no damage, however it was completed prior to the declared disaster end date.		     02/12/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222806210       32818674     Credit Credit Miscellaneous Guideline Credit Exception:   The Operating Agreement in file reflects 2 members (each with 50% ownership), however the Borrowing Authorization in file reflects that the Guarantor owns [REDACTED] and is the sole member.  Please provide an amendment signed by both members to confirm that the Guarantor is now [REDACTED] owner.       Reviewer Comment (2025-02-12): Included in TD.


Seller Comment (2025-02-11): Uploaded resolution		 02/12/2025     1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222806212       32808011     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   C B C B     A A   N/A No
222806212       32818925     Credit Credit Miscellaneous Guideline Credit Exception:   The Operating Agreement reflects 2 members with 50/50 ownership, while the Borrowing Authorization reflects that the Guarantor owns [REDACTED].  Please provide the OA amendment signed by both members to confirm that the Guarantor now owns [REDACTED].       Reviewer Comment (2025-02-12): Included in TD.


Seller Comment (2025-02-11): LOE


Seller Comment (2025-02-11): Assignment of Interest		 02/12/2025     1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C B C B     A A   N/A No
222806216       32819055     Credit Credit Credit Eligibility Guideline Public Record Issue: -                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806220       32798817     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NV Investment Purchase   B B B B     A A   N/A No
222806227       32810135     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806245       32815315     Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -           02/14/2025     1 C A C A C A C A C A   KS Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222806245       32815328     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.                   2 B B B B B B B B B B   KS Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222806247       32819219     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Missing residency disclosure for the Guarantor.       Reviewer Comment (2025-02-14): US citizen disclosure included in trailing app doc - ok to use [REDACTED] internal app doc per [REDACTED]


Reviewer Comment (2025-02-13): Please provide the application / residency disclosure


Seller Comment (2025-02-12): Uploaded US DL


Seller Comment (2025-02-12): Uploaded guaranty w address		 02/14/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222806253       32809263     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-02-12): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-02-12): AMC - Please waive down


Reviewer Comment (2025-02-11): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no damage, however it was completed prior to the declared disaster end date.		     02/12/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222806254       32815305     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Rate/Term   B B B B     A A   N/A No
222806263       32810247     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NV Investment Purchase   B B B B     A A   N/A No
222806276       32812248     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806279       32808800     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806284       32812572     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806305       32813162     Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   Page 3 and signature page missing on Note       Reviewer Comment (2025-02-13): Received Note document, Exception cleared.


Seller Comment (2025-02-13): uploaded note with missing pages		 02/13/2025     1 D A D A D A D A D A   FL Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222806305       32813207     Credit Guideline Guideline Issue Guideline Aged document: Primary Valuation is older than guidelines permit - Desk Review is dated [REDACTED] which is more than 120 days prior to the Note date.       Reviewer Comment (2025-02-14): Updated CDA in trailing docs


Seller Comment (2025-02-14): uploaded corrected DVR


Seller Comment (2025-02-14): up0loaded corrected DVR


Reviewer Comment (2025-02-12): [REDACTED] CDA date appears to be a typo		 02/14/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
222806305       32823976     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Missing Prepayment Penalty Addendum       Reviewer Comment (2025-02-13): Received Note document, Exception cleared. 02/13/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   D A D A     A A   N/A Yes
222806307       32808760     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806310       32814964     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806313       32808223     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   MO Investment Refinance - Rate/Term   B B B B     A A   N/A No
222806318       32808732     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806323       32835554     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___         Reviewer Comment (2025-02-12): Moved to [REDACTED] for waiver consideration of EV2.       2 A A A A A A A A B B   GA Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
222806331       32824566     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   The guidelines require an OFAC search to be performed on the borrowing business entity and sub-entities. The OFAC search in the file does not contain a search for the borrowing business entity, [REDACTED], or the sub-entity, [REDACTED].       Reviewer Comment (2025-02-13): Received OFAC for all Borrowing Entity, Exception cleared.


Seller Comment (2025-02-13): Uploaded Sanctions, no hits


Seller Comment (2025-02-13): Uploaded Sanctions search, no hits		 02/13/2025     1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
222806335       32812966     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   OK Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
222806336       32809752     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-02-13): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-02-13): AMC -  Please waive down


Reviewer Comment (2025-02-12): Moved to[REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no damage, however it was completed prior to the declared disaster end date.		     02/13/2025 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
222806339       32810253     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Most Recent Valuation Inspection Date: ___                 
Disaster End Date: ___
Disaster Name: ___
Disaster Declaration Date: ___		   Property inspected post disaster but pre-FEMA declaration of disaster end date. Property inspected post disaster but pre-FEMA declaration of disaster end date. SitusAMC,Aggregator Reviewer Comment (2025-02-13): Waived and downgraded per [REDACTED] email / sheet.


Buyer Comment (2025-02-13): AMC -  Please waive down


Reviewer Comment (2025-02-12): Moved to [REDACTED] for waiver and downgrade consideration.  The inspection is dated after the disaster declaration date and confirms no damage, however it was completed prior to the declared disaster end date.		     02/13/2025 2 C B C B C B C B C B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
222806339       32810268     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.                 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other   C B C B     A A   N/A No