Loan Number

Pool ID

Alternate Loan Number

Original Balance

State

Loan Exception Status

Initial Fitch Exception Grade

Final Fitch Exception Grade

Initial S&P Exception Grade

Final S&P Exception Grade

Initial Moodys Exception Grade

Final Moodys Exception Grade

Initial KBRA Exception Grade

Final KBRA Exception Grade

Initial DBRS Exception Grade

Final DBRS Exception Grade

Category

Breach ID

Breach Name

Initial Breach Date

Initial Comments

Client/Seller Response Comments

Conclusion Date

Conclusion Comments Date Cleared Canceled or Exception Remains Note Must State Final Status

Waiver or Exception

Waiver or Exception Made By

Compensating Factors

General Comments

MELLO_INV1_1

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - FEMA declared XXX county in a disaster area (Tornado) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The appraisal in file is dated XX/XX/XXXX and shows no damage. Exception is for informational purposes only. ;

XX/XX/XXXX

XX/XX/XXXX - Appraisal in file dtd after FEMA release - no damage - condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_1

XXXX

XXX

$XXXXXX

Cleared

Credit

2543

Appraisal date is greater than 120 days from Origination date.

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated XX/XX/XXXX is greater than 120 days from Note date of XX/XX/XXXX. . A 1004D/recertification of value dated XX/XX/XXXX is present in the loan file.;

XX/XX/XXXX

XX/XX/XXXX - A 1004D/recertification of value dated XX/XX/XXXX is present in the loan file.; XX/XX/XXXX - Change status of 'Appraisal date is greater than 120 days from Origination date.' from Active to Acknowledged by Client.; XX/XX/XXXX - Change severity of 'Appraisal date is greater than 120 days from Origination date.' from Material to Non-Material.

Waiver

Client

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_1

XXXX

XXX

$XXXXXX

Cleared

Credit

942

Flood Certificate is Missing

XX/XX/XXXX

XX/XX/XXXX - The flood certification is Missing;

XX/XX/XXXX

XX/XX/XXXX - The flood certification is Present

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_1

XXXX

XXX

$XXXXXX

Cleared

Credit

1126

Borrower Asset Verification is Missing

XX/XX/XXXX

XX/XX/XXXX - Statements needed for required reserves.; XX/XX/XXXX - The borrower asset verification is Missing;

XX/XX/XXXX

XX/XX/XXXX - The borrower asset verification is Level 4 – Verified = 2 mos stmts/bal documentation for liquid assets/or gift letter

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_1

XXXX

XXX

$XXXXXX

Cleared

Credit

1127

CoBorrower Asset Verification is Missing

XX/XX/XXXX

XX/XX/XXXX - The coborrower asset verification is Missing;

XX/XX/XXXX

XX/XX/XXXX - The coborrower asset verification is Level 4 – Verified = 2 mos stmts/bal documentation for liquid assets/or gift letter

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_1

XXXX

XXX

$XXXXXX

Cleared

Credit

1431

Liquid Reserves (Dollar Amount) are less than AUS Minimum Required

XX/XX/XXXX

XX/XX/XXXX - The liquid reserves of 0.00 are less than the minimum required per AUS of XXX.00.;

XX/XX/XXXX

XX/XX/XXXX - The liquid reserves of XXX are greater than or equal to the AUS minimum required of XXX.00.

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_1

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_1

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_1

XXXX

XXX

$XXXXXX

Cleared

Credit

3557

Hazard Insurance Coverage is Not Sufficient.

XX/XX/XXXX

XX/XX/XXXX - Hazard insurance coverage of XXX0 is not sufficent. The subject loan amount is XXX.00 with the hazard insurance replacement coverage of No and estimated replacement value from insurance company was not provided.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided hazard insurance reflecting sufficient coverage. Condition cleared.; XX/XX/XXXX - Hazard insurance coverage is sufficient.; XX/XX/XXXX - Hazard insurance coverage of 3XXX0.00 is not sufficent. The subject loan amount is XXX.00 with the hazard insurance replacement coverage of No and estimated replacement value from insurance company was not provided.

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_3

XXXX

XXX

$XXXXXX

Cleared

Credit

1126

Borrower Asset Verification is Missing

XX/XX/XXXX

XX/XX/XXXX - The borrower asset verification is Level 2 – Stated/not verified; XX/XX/XXXX - The borrower asset verification is Missing;

XX/XX/XXXX

XX/XX/XXXX - Lender provided asset documentation. Condition cleared.; XX/XX/XXXX - The borrower asset verification is Level 4 – Verified = 2 mos stmts/bal documentation for liquid assets/or gift letter

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_3

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_3

XXXX

XXX

$XXXXXX

Cleared

Credit

2543

Appraisal date is greater than 120 days from Origination date.

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated XX/XX/XXXX is greater than 120 days from Note date of XX/XX/XXXX.;

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'Appraisal date is greater than 120 days from Origination date.' from Material to Non-Material.; XX/XX/XXXX - Lender provided 442 recertification of value. Condition cleared.; XX/XX/XXXX - Change status of 'Appraisal date is greater than 120 days from Origination date.' from Active to Acknowledged by Client.

Waiver

Client

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_4

XXXX

XXX

$XXXXXX

Cleared

Credit

2543

Appraisal date is greater than 120 days from Origination date.

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated XX/XX/XXXX is greater than 120 days from Note date of XX/XX/XXXX. A 1004D/recertification of value dated XX/XX/XXXX is present in the loan file.;

XX/XX/XXXX

Waiver

Client

Borrower 1 has significant job time - Borrower has XXX.XX years on job ; Borrower has stable job time - Borrower has XXX.XX years at job. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

MELLO_INV1_4

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_4

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_5

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX. ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

MELLO_INV1_5

XXXX

XXX

$XXXXXX

Cleared

Credit

2543

Appraisal date is greater than 120 days from Origination date.

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated XX/XX/XXXX is greater than 120 days from Note date of XX/XX/XXXX.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided a re-cert of value. ; XX/XX/XXXX - Change status of 'Appraisal date is greater than 120 days from Origination date.' from Active to Acknowledged by Client.; XX/XX/XXXX - Change severity of 'Appraisal date is greater than 120 days from Origination date.' from Material to Non-Material.

Waiver

Client

MELLO_INV1_6

XXXX

XXX

$XXXXXX

Cleared

Credit

2543

Appraisal date is greater than 120 days from Origination date.

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated XX/XX/XXXX is greater than 120 days from Note date of XX/XX/XXXX. A 1004D/recertification of value dated 0XX/XX/XXXX is present in the loan file.;

XX/XX/XXXX

Waiver

Client

Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_6

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Per the AUS, evidence the following accounts were omitted were not provided. ( XXX XXX, XXX, and XXX );

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present

MELLO_INV1_6

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_7

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

Borrower has stable job time - Borrower has XXX years at job. ; Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_7

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Condition for information purposes. DD firm to order.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_8

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal after FEMA release date - no damage - condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage; XX/XX/XXXX - Change severity of 'Property is located in a FEMA disaster area' from Material to Non-Material.

MELLO_INV1_8

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_9

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Partial. File is missing the lease agreement for the property located at XXX XXX XXX, WA. Additional conditions may apply. ;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present; XX/XX/XXXX - Lender provided Schedule E of 2019 tax return; however, did not provide page 1 and 2 required by the AUS. Condition retained.

MELLO_INV1_9

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96387

TRID Disclosure Delivery and Receipt Date Validation Test

XX/XX/XXXX

XX/XX/XXXX - This loan failed the TRID disclosure delivery and receipt date validation test due to one of the following findings:The Revised Loan Estimate Receipt Date is before Revised Loan Estimate Delivery Date; orThe Initial Closing Disclosure Receipt Date is before Initial Closing Disclosure Delivery Date; orThe Revised Closing Disclosure Receipt Date is before Revised Closing Disclosure Delivery Date.;

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'TRID Disclosure Delivery and Receipt Date Validation Test' from Material to Non-Material.; XX/XX/XXXX - TRID NA - Investment; XX/XX/XXXX - Change status of 'TRID Disclosure Delivery and Receipt Date Validation Test' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_9

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96378

TRID Post-Consummation Reason for Redisclosure Validation Test

XX/XX/XXXX

XX/XX/XXXX - This loan failed the TRID post-consummation reason for redisclosure validation test.This loan contains a post-consummation revised closing disclosure delivery date but does not provide the reason for the redisclosure after consummation. The reason is required in order to audit post-consummation redisclosure timing tests.;

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'TRID Post-Consummation Reason for Redisclosure Validation Test' from Material to Non-Material.; XX/XX/XXXX - TRID NA - Investment; XX/XX/XXXX - Change status of 'TRID Post-Consummation Reason for Redisclosure Validation Test' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_9

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96368

Consummation or Reimbursement Date Validation Test

XX/XX/XXXX

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

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'Consummation or Reimbursement Date Validation Test' from Material to Non-Material.; XX/XX/XXXX - TRID NA - Investment; XX/XX/XXXX - Change status of 'Consummation or Reimbursement Date Validation Test' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_9

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96366

Charges That Cannot Increase Test

XX/XX/XXXX

XX/XX/XXXX - This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).;

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'Charges That Cannot Increase Test' from Material to Non-Material.; XX/XX/XXXX - TRID NA - Investment; XX/XX/XXXX - Change status of 'Charges That Cannot Increase Test' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_9

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96348

Lender Credits That Cannot Decrease Test

XX/XX/XXXX

XX/XX/XXXX - This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).;

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'Lender Credits That Cannot Decrease Test' from Material to Non-Material.; XX/XX/XXXX - TRID NA - Investment; XX/XX/XXXX - Change status of 'Lender Credits That Cannot Decrease Test' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_10

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Invalid; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.; XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

Waiver

Client

MELLO_INV1_10

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Condition for information purpose sonly. Pending valuation review due to PIW.; XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_11

XXXX

XXX

$XXXXXX

Cleared

Credit

1245

Transmittal Summary is Missing

XX/XX/XXXX

XX/XX/XXXX - The transmittal summary is Missing;

XX/XX/XXXX

XX/XX/XXXX - The transmittal summary is Not Applicable

MELLO_INV1_11

XXXX

XXX

$XXXXXX

Cleared

Credit

2092

Servicing Comments are Missing

XX/XX/XXXX

XX/XX/XXXX - Servicing comments are missing. ;

XX/XX/XXXX

XX/XX/XXXX - Missing servicing comments are available.

MELLO_INV1_11

XXXX

XXX

$XXXXXX

Cleared

Credit

3433

Number of Mortgage Properties Exceeds Max Allowable Per Guidelines

XX/XX/XXXX

XX/XX/XXXX - Number of Mortgage Properties (6) Exceeds Max Allowable Per Guidelines;

XX/XX/XXXX

XX/XX/XXXX - NA

MELLO_INV1_11

XXXX

XXX

$XXXXXX

Cleared

Credit

3606

HMDA Data Tape Not Provided

XX/XX/XXXX

XX/XX/XXXX - HMDA data tape not provided.;

XX/XX/XXXX

XX/XX/XXXX - HMDA data tape provided.

MELLO_INV1_11

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_11

XXXX

XXX

$XXXXXX

Cleared

Credit

2543

Appraisal date is greater than 120 days from Origination date.

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated XX/XX/XXXX is greater than 120 days from Note date of XX/XX/XXXX. A 1004D/recertification of value dated XX/XX/XXXX is present in the loan file;

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'Appraisal date is greater than 120 days from Origination date.' from Material to Non-Material.; XX/XX/XXXX - A 1004D/recertification of value dated XX/XX/XXXX is present in the loan file.; XX/XX/XXXX - Change status of 'Appraisal date is greater than 120 days from Origination date.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_12

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_12

XXXX

XXX

$XXXXXX

Cleared

Property

3598

Third Party AVM to appraised value exceeds XXX% allowable variance

XX/XX/XXXX

XX/XX/XXXX - Third party AVM value of XXX with a variance of 46.70 exceeds XXX% allowable variance.;

XX/XX/XXXX

XX/XX/XXXX - Additional third party valuation requested to support value.

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_12

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - .; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_13

XXXX

XXX

$XXXXXX

Acknowledged

Credit

1430

FICO is less than the AUS Minimum Required

XX/XX/XXXX

XX/XX/XXXX - Credit re-pull on closing date dropepd the mid score from XXX, reflected on AUS, to XXX. AUS is required ot be updated.; XX/XX/XXXX - Change status of 'FICO is less than the AUS Minimum Required' from Active to Acknowledged by Client.; XX/XX/XXXX - The FICO of XXX is less than the minimum required per AUS of XXX;

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'FICO is less than the AUS Minimum Required' from Material to Non-Material.

Waiver

Client

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX .

MELLO_INV1_14

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_14

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided; XX/XX/XXXX - Lender provided appraisal waiver; however, finding is for missing Third party valuation to support appraisal value within XXX% variance. Condition retained.

MELLO_INV1_15

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal shows no Damage - dtd after FEMA release date - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_15

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_16

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - AVM provided - within tolerance - condition cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_16

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product; XX/XX/XXXX - The exception 'Informational Only - Property Inspection Waiver used at origination.' is cleared.;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged - AVM within tolerance; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_16

XXXX

XXX

$XXXXXX

Cleared

Credit

1258

CoBorrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - A verbal verification for the co-borrower was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided VOE. Condition cleared.

MELLO_INV1_17

XXXX

XXX

$XXXXXX

Cleared

Credit

1257

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - A verbal verification of employment within 10 days of the note date was not provided. VVOE in file is dated XX/XX/XXXX, Note is dated XX/XX/XXXX.;

XX/XX/XXXX

XX/XX/XXXX - VOE sufficient - condition cleared

MELLO_INV1_17

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - AVM provided - within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_17

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - The exception 'Informational Only - Property Inspection Waiver used at origination.' is cleared.; XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged - AVM within tolerance; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_17

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Lender provided Disaster Exception Map. Condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_17

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of hazard insurance for the primary residence was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Document provided for primary residence - condition cleared.; XX/XX/XXXX - Borrower liabilities verified indicator is Present; XX/XX/XXXX - Audit reviewed Lenders response, however; please provide hazard insurance declaration page for primary residence (XXXCT). Condition remains.

MELLO_INV1_18

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_19

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_19

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_20

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_20

XXXX

XXX

$XXXXXX

Cleared

Compliance

927

Security Instrument Indicator is Missing

XX/XX/XXXX

XX/XX/XXXX - The security instrument indicator is Missing;

XX/XX/XXXX

XX/XX/XXXX - The security instrument indicator is Present

MELLO_INV1_20

XXXX

XXX

$XXXXXX

Cleared

Credit

2543

Appraisal date is greater than 120 days from Origination date.

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated XX/XX/XXXX is greater than 120 days from Note date of XX/XX/XXXX. A 1004D/recertification of value dated XX/XX/XXXX is present in the loan file.;

XX/XX/XXXX

XX/XX/XXXX - 442 in file within 120 days.; XX/XX/XXXX - Change status of 'Appraisal date is greater than 120 days from Origination date.' from Active to Acknowledged by Client.; XX/XX/XXXX - Change severity of 'Appraisal date is greater than 120 days from Origination date.' from Material to Non-Material.

Waiver

Client

MELLO_INV1_20

XXXX

XXX

$XXXXXX

Cleared

Credit

2570

Final Loan Application is Missing

XX/XX/XXXX

XX/XX/XXXX - Final loan application is Missing;

XX/XX/XXXX

XX/XX/XXXX - Final loan application is Present

MELLO_INV1_22

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_22

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_23

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Property is located in a FEMA disaster area with no post disaster inpection. FEMA delcared XXX county in a disaster area on XX/XX/XXXX with a release date of XX/XX/XXXX. Appraisal in file dated XX/XX/XXXX showing no damage - condition for information purposes only.;

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated after FEMA release date showing no damage - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_23

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_24

XXXX

XXX

$XXXXXX

Cleared

Property

2213

Third Party Valuation Product not Provided.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_24

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - .; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_24

XXXX

XXX

$XXXXXX

Cleared

Credit

1431

Liquid Reserves (Dollar Amount) are less than AUS Minimum Required

XX/XX/XXXX

XX/XX/XXXX - The liquid reserves of XXX are less than the minimum required per AUS of XXX.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided asset documentation. Condition cleared.; XX/XX/XXXX - The liquid reserves of XXX are greater than or equal to the AUS minimum required of XXX.

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_25

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of taxes for primary residence was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided verification of taxes. Condition cleared.

MELLO_INV1_25

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - CCA provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_25

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CCA provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_26

XXXX

XXX

$XXXXXX

Cleared

Compliance

1226

Intent to Proceed is Missing

XX/XX/XXXX

XX/XX/XXXX - The intent to proceed is Missing;

XX/XX/XXXX

XX/XX/XXXX - The intent to proceed is received.

MELLO_INV1_26

XXXX

XXX

$XXXXXX

Cleared

Credit

1427

LTV Exceeds AUS Maximum Allowable

XX/XX/XXXX

XX/XX/XXXX - The 1008 shows LTV/CLTV XXX. The system rounds it up to XXX but LP shows XXX.; XX/XX/XXXX - The original LTV of XXX is not greater than the maximum allowable per AUS of XXX; XX/XX/XXXX - The original LTV of XXX exceeds the maximum allowable per AUS of XXX;

XX/XX/XXXX

XX/XX/XXXX - The original LTV of XXX is not greater than the maximum allowable per AUS of XXX

MELLO_INV1_26

XXXX

XXX

$XXXXXX

Cleared

Credit

1428

CLTV Exceeds the AUS Maximum Allowable

XX/XX/XXXX

XX/XX/XXXX - The original CLTV of XXX is not greater than the maximum allowable per AUS of XXX; XX/XX/XXXX - The original CLTV of XXX exceeds maximum allowable per AUS of XXX;

XX/XX/XXXX

XX/XX/XXXX - The original CLTV of XXX is not greater than the maximum allowable per AUS of XXX

MELLO_INV1_26

XXXX

XXX

$XXXXXX

Cleared

Credit

3420

DTI Exceeds AUS Maximum Allowable

XX/XX/XXXX

MELLO_INV1_27

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal dtd after FEMA release date - no damage - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_27

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_27

XXXX

XXX

$XXXXXX

Cleared

Credit

3500

Borrower residency documentation not provided or issue with documentation

XX/XX/XXXX

XX/XX/XXXX - Borrower residency documentation not provided or issue with documentation. ;

XX/XX/XXXX

XX/XX/XXXX - Borrower residency documentation has been provided and there are no issues with documentation. ; XX/XX/XXXX - Lender provided Visa card for both borrowers. Condition cleared.

MELLO_INV1_27

XXXX

XXX

$XXXXXX

Cleared

Credit

3501

Co-Borrower residency documentation not provided or issue with documentation

XX/XX/XXXX

XX/XX/XXXX - Co-Borrower residency documentation not provided or issue with documentation.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided XXX card for both borrowers. Condition cleared.; XX/XX/XXXX - Co-Borrower residency documentation has been provided and there are no issues with documentation.

MELLO_INV1_28

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'Property is located in a FEMA disaster area' from Material to Non-Material.; XX/XX/XXXX - FEMA declared XXX county in a disaster area (wildfires) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The appraisal in file is dated XX/XX/XXXX and shows no damage. Exception is for informational purposes only. ; XX/XX/XXXX - Post disaster inspection confirms no property damage; XX/XX/XXXX - PFEMA declared XXX county in a disaster area (wildfires) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The appraisal in file is dated XX/XX/XXXX and shows no damage. Exception is for informational purposes only. ;

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated after FEMA release date - no damage - condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_28

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_29

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_29

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product; XX/XX/XXXX - no waiver;

XX/XX/XXXX

XX/XX/XXXX - .; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_29

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of mortgage payment for XXX and hazard insurance and taxes for XXX was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present; XX/XX/XXXX - Lender provided verification of PITIA and taxes and insurance. Condition cleared.

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_29

XXXX

XXX

$XXXXXX

Cleared

Credit

1257

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - A verbal verification of employment within 10 days of the note date was not provided. VVOE in file is dated XX/XX/XXXX, Note is dated XX/XX/XXXX.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided VVOE date post closing which meets AUS requirements. Condition cleared.

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_29

XXXX

XXX

$XXXXXX

Cleared

Credit

3601

Trust Documentation Missing or Incomplete

XX/XX/XXXX

XX/XX/XXXX - The Trust document provided is not executed. Unable to determine if signatures on note are accurate. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided certification of trust. Condition cleared.; XX/XX/XXXX - Client provided trust document that was missing.

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_29

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - FEMA declared XXX county in a disaster area (wildfires) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The file does not contain an appraisal. A Post Disaster Inspection is required.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided PDI (dated XX/XX/XXXX). Condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_30

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal dtd after FEMA release - no damage - condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_30

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - CCA provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_30

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CCA provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_30

XXXX

XXX

$XXXXXX

Cleared

Credit

1261

Borrower Income Verification does not match Approval

XX/XX/XXXX

XX/XX/XXXX - Personal and business tax returns provided were not signed by the borrower. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided signed signature pages for personal and business tax returns and XXX for business. Condition cleared.

MELLO_INV1_31

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal dtd after FEMA declaration, no damage, cleared condition; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_31

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_31

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Partial. Evidence of taxes and insurance for XXX, and insurance for XXX was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present; XX/XX/XXXX - Audit reviewed Lenders response, however; Please provide axes and insurance for XXX Dr or evidence Taxes and Insurance are escrowed. Condition remains.

MELLO_INV1_32

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - AVM provided - within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_32

XXXX

XXX

$XXXXXX

Cleared

Property

3598

Third Party AVM to appraised value exceeds XXX% allowable variance

XX/XX/XXXX

XX/XX/XXXX - Third party AVM value of XXX with a variance of 16.30 exceeds XXX% allowable variance.;

XX/XX/XXXX

XX/XX/XXXX - AVM provided - within tolerance - Condition Cleared; XX/XX/XXXX - Additional third party valuation requested to support value.

MELLO_INV1_32

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged - AVM within tolerance; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_32

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Lender provided MAP Disaster Area Exception. Condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_32

XXXX

XXX

$XXXXXX

Cleared

Credit

3420

DTI Exceeds AUS Maximum Allowable

XX/XX/XXXX

XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX , Orig PITI of XXX , Monthly debt of XXX ) exceeds the maximum allowable per AUS of XXX . Taxes and insurance for the primary residence was not included. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided updated AUS with approved DTI of XXX%. The audit DTI of XXX % is within XXX% variance tolerance. Condition cleared.; XX/XX/XXXX - The qualifying back-end DTI of XXX (Total Income of XXX , Orig PITI of XXX , Monthly debt of XXX ) is not greater than the maximum allowable per AUS of XXX The back-end DTI of XXX (Total Income of XXX , Orig PITI of XXX , Monthly debt of XXX ) is not greater than the maximum allowable per AUS of XXX

MELLO_INV1_33

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated after FEMA declaration - no damage - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_33

XXXX

XXX

$XXXXXX

Cleared

Credit

1257

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - A verbal verification of employment for the borrower within 10 days of the note date was not provided. VVOE in file is dated XX/XX/XXXX, Note is dated XX/XX/XXXX.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided VVOE dated within 10 days of the Note date. Further, the AUS states a VVOE can be completed after the Note date but prior to delivery. Condition cleared.

MELLO_INV1_33

XXXX

XXX

$XXXXXX

Cleared

Credit

1258

CoBorrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - A verbal verification of employment for the co-borrower within 10 days of the note date was not provided. VVOE in file is dated XX/XX/XXXX, Note is dated XX/XX/XXXX.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided VVOE dated within 10 days of the Note date. Further, the AUS states a VVOE can be completed after the Note date but prior to delivery. Condition cleared.

MELLO_INV1_33

XXXX

XXX

$XXXXXX

Cleared

Credit

1261

Borrower Income Verification does not match Approval

XX/XX/XXXX

XX/XX/XXXX - The borrower income verification does not match approval. Per the AUS, a TWN was used to support the borrower's income. The TWN provided in the loan does not reflect the borrower's income .;

XX/XX/XXXX

XX/XX/XXXX - Lender provided TWN reflecting borrower's and co-borrower's income. Condition cleared.

MELLO_INV1_33

XXXX

XXX

$XXXXXX

Cleared

Credit

1262

CoBorrower Income Verification does not match Approval

XX/XX/XXXX

XX/XX/XXXX - The coborrower income verification does not match approval. The co-borrower income verification does not match approval. Per the AUS, a TWN was used to support the co-borrower's income. The TWN provided in the loan does not reflect the borrower's income .;

XX/XX/XXXX

XX/XX/XXXX - Lender provided TWN reflecting borrower's and co-borrower's income. Condition cleared.

MELLO_INV1_33

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided, value within XXX% of origination value. Condition cleared.

MELLO_INV1_34

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated after FEMA release date - no damage - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_34

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_35

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.; XX/XX/XXXX - Third Party Valuation Product Provided;

XX/XX/XXXX

XX/XX/XXXX - AVM provided - within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_35

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged - AVM within tolerance; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_35

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of the taxes for the primary residence was not provided.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided tases for primary residence. Condition cleared.; XX/XX/XXXX - Borrower liabilities verified indicator is Present

MELLO_INV1_36

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - FEMA declared XXX county in a disaster area (wildfires) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The file does not contain an appraisal. A Post Disaster Inspection is required.
The appraisal in file is dated Xx/XX/XXXX and shows no damage. Exception is for informational purposes only.
;

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated after FEMA declaration - no damage - condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_36

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided.

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_36

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided; XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_36

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence all properties listed on 1003 application REO are owned free and clear was not provided (no property detail provided). Also evidence of insurance and taxes for REO properties were not provided. (XXX, XXX, XXX) ;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_36

XXXX

XXX

$XXXXXX

Cleared

Credit

2074

Executed HELOC closure letter not provided.

XX/XX/XXXX

XX/XX/XXXX - Missing executed documentation HELOC is closed to future draws;

XX/XX/XXXX

XX/XX/XXXX - Lender provided HELOC closure letter. Condition cleared.; XX/XX/XXXX - HELOC closure documentation provided

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_37

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_39

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_40

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_41

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_42

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96468

Initial Closing Disclosure Delivery Date Test

XX/XX/XXXX

XX/XX/XXXX - This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation.;

XX/XX/XXXX

XX/XX/XXXX - Change status of 'Initial Closing Disclosure Delivery Date Test' from Active to Acknowledged by Client.; XX/XX/XXXX - Change severity of 'Initial Closing Disclosure Delivery Date Test' from Material to Non-Material.; XX/XX/XXXX - NA

Waiver

Client

MELLO_INV1_42

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96368

Consummation or Reimbursement Date Validation Test

XX/XX/XXXX

XX/XX/XXXX - Change status of 'Consummation or Reimbursement Date Validation Test' from Active to Acknowledged by Client.; XX/XX/XXXX - Change severity of 'Consummation or Reimbursement Date Validation Test' from Material to Non-Material.; XX/XX/XXXX - N/A

Waiver

Client

MELLO_INV1_42

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96366

Charges That Cannot Increase Test

XX/XX/XXXX

XX/XX/XXXX - Change status of 'Charges That Cannot Increase Test' from Active to Acknowledged by Client.; XX/XX/XXXX - Change severity of 'Charges That Cannot Increase Test' from Material to Non-Material.; XX/XX/XXXX - N/A

Waiver

Client

MELLO_INV1_42

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96362

Reimbursement Amount Test

XX/XX/XXXX

XX/XX/XXXX - This loan failed the reimbursement amount test. (12 CFR §1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $0.00, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation, and the creditor complies with §1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than 60 days after consummation.;

XX/XX/XXXX

XX/XX/XXXX - Change status of 'Reimbursement Amount Test' from Active to Acknowledged by Client.; XX/XX/XXXX - Change severity of 'Reimbursement Amount Test' from Non-Material to Material.; XX/XX/XXXX - Change severity of 'Reimbursement Amount Test' from Material to Non-Material.; XX/XX/XXXX - N/A

Waiver

Client

MELLO_INV1_42

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - FEMA declared XXX county in a disaster area (wildfires) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The appraisal in file is dated XX/XX/XXXX and shows no damage. Exception is for informational purposes only. ; XX/XX/XXXX - Change severity of 'Property is located in a FEMA disaster area' from Material to Non-Material.;

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated after FEMA release - no damage - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_42

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_43

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_43

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - .; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_43

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of taxes and insurance for the primary residence was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present; XX/XX/XXXX - Lender provided verification of taxes for primary residence. Condition cleared. ; XX/XX/XXXX - Audit reviewed Lenders response, however; Missing Taxes for primary residence. If taxes and Insurance are escrowed, please provide supporting documentation. Condition remains.

MELLO_INV1_44

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Condition is for information purposes only. DD firm will order.; XX/XX/XXXX - Third Party Valuation Product Provided; XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_45

XXXX

XXX

$XXXXXX

Cleared

Credit

650

Borrower Liabilities Verificiation Indicator is Missing

XX/XX/XXXX

XX/XX/XXXX - Missing credit report.; XX/XX/XXXX - Borrower liabilities verified indicator is Missing;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present. ender provided credit report. Condition cleared.

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_45

XXXX

XXX

$XXXXXX

Cleared

Credit

653

CoBorrower Liabiliities Verified Indicator is Missing

XX/XX/XXXX

XX/XX/XXXX - Missing credit report.; XX/XX/XXXX - CoBorrower liabilities verified indicator is Missing;

XX/XX/XXXX

XX/XX/XXXX - CoBorrower liabilities verified indicator is Present. Lender provided credit report. Condition cleared.

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_45

XXXX

XXX

$XXXXXX

Cleared

Credit

721

Borrower Credit Report is Missing

XX/XX/XXXX

XX/XX/XXXX - Missing credit report.; XX/XX/XXXX - Missing Borrower credit report;

XX/XX/XXXX

XX/XX/XXXX - Borrower credit report received

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_45

XXXX

XXX

$XXXXXX

Cleared

Credit

724

CoBorrower Credit Report is Missing

XX/XX/XXXX

XX/XX/XXXX - Missing credit report.; XX/XX/XXXX - CoBorrower credit report is missing.;

XX/XX/XXXX

XX/XX/XXXX - Received CoBorrower credit report.

Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_46

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - AVM provided - within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_46

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged - AVM within tolerance; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_46

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Property is located in a FEMA disaster area with no post disaster inpection. FEMA declared XXX County in a disaster area XX/XX/XXXX with a release date of XX/XX/XXXX. The file does not contain an appraisal. A Post Disaster Inspection is required. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided Disaster Exception Map. Condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_47

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CCA provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_48

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Condition is for information purposes only - Pending Valuation Rview.;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_48

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Condition for information purposes. DD firm to order.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided; XX/XX/XXXX - Lender provided appraisal waiver; however, this finding is for the third party valuation. The third party valuation was not provided and a UCDP report was not provided to verify the CU score was less than 2.5. Condition retained.

MELLO_INV1_48

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Missing foreclosure documentation to confirm completed 7 or more years prior to disbursement as required per DU.;

XX/XX/XXXX

XX/XX/XXXX - Fraud Report indicates ForeClosure from 2008 - condition cleared.; XX/XX/XXXX - Borrower liabilities verified indicator is Present

MELLO_INV1_48

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Property is located in a FEMA disaster area with no post disaster inpection. FEMA delcared XXX County in disaster area (Bond Fire) on XX/XX/XXXX. The file does not contain an appraisal. A Post Disaster Inspection is required.;

XX/XX/XXXX

XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_49

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_49

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_50

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Property is located in a FEMA disaster area with no post disaster inpection. FEMA declared XXX county in a disaster area (wildfires) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The appraisal in file is dated XX/XX/XXXX and shows no damage. Exception is for informational purposes only. ;

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated after FEMA release date - no damage - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_50

XXXX

XXX

$XXXXXX

Cleared

Credit

2524

Signed 4506t is missing

XX/XX/XXXX

XX/XX/XXXX - Borrower 1 missing signed 4506t;

XX/XX/XXXX

XX/XX/XXXX - Lender provided 4506.3 Condition cleared.; XX/XX/XXXX - Signed 4506t provided.

Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_50

XXXX

XXX

$XXXXXX

Cleared

Credit

2525

Borrower 2 is missing signed 4506t.

XX/XX/XXXX

XX/XX/XXXX - Borrower 2 is missing signed 4506t;

XX/XX/XXXX

XX/XX/XXXX - Lender provided 4506.3 Condition cleared.; XX/XX/XXXX - Signed 4506t provided.

Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_50

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_50

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Condition is for information purposes only – Pending Valuation Review.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_51

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Condition is for information purposes only --Pending Valuation Review.;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_51

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Property is located in a FEMA disaster area with no post disaster inpection. FEMA delared XXX County in a disaster area (XXX) on XX/XX/XXXX. The file does not contain an appraisal. A Post Disaster Inspection is required.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided Disaster Exception Map. Condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_51

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Condition for information purposes. DD firm to order.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_51

XXXX

XXX

$XXXXXX

Cleared

Credit

3605

Asset Documents are Incomplete

XX/XX/XXXX

XX/XX/XXXX - XXX bank account #XXXX dated XX/XX/XXXX was more than 60 days old at time of closing and does not meet FNMA COVID overlay.;

XX/XX/XXXX

XX/XX/XXXX - Two Month Consecutive received (Feb/March - acct XXX); XX/XX/XXXX - Audit reviewed Lenders response, however; 2 months bank statements are required for XXX xXXX (XX/XX/XXXX was received). Condition remains.

MELLO_INV1_52

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_52

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of hazard insurance for the primary residence was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided HOI. Condition cleared.; XX/XX/XXXX - Borrower liabilities verified indicator is Partial; XX/XX/XXXX - Borrower liabilities verified indicator is Present

MELLO_INV1_53

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.; XX/XX/XXXX - XXX;

XX/XX/XXXX

Waiver

Client

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_53

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Condition for informational purpose sonly, Pending valuation review.; XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_53

XXXX

XXX

$XXXXXX

Cleared

Credit

1248

AUS is Partial

XX/XX/XXXX

XX/XX/XXXX - The AUS is Partial, Loan was completed as limited cash out but the borrower recieved more than $XXX or XXX% of the loan amount as cash back per final CD.;

XX/XX/XXXX

XX/XX/XXXX - Review of final CD indicates borrower did not receive more than XXX% back at closing. Condition cleared.

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_53

XXXX

XXX

$XXXXXX

Cleared

Compliance

3551

ATR/QM Status is Pending

XX/XX/XXXX

XX/XX/XXXX - Borrower received too much cash back at closing.; XX/XX/XXXX - ATR/QM Status is pending. Noted documentation is required per Appendix Q.;

XX/XX/XXXX

XX/XX/XXXX - Parameters of AUS met. Condion cleared.; XX/XX/XXXX - Lender provided a settlement statement reflecting an updated settlement date; however, did not provide the corresponding CD to complete compliance testing. Condition retained.

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_54

XXXX

XXX

$XXXXXX

Cleared

Property

932

Origination Appraisal is Partial

XX/XX/XXXX

XX/XX/XXXX - A HOA cert/condo questionnaire was not provided for the subject property. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided Condominium Project Questionnaire. Condition cleared.

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_54

XXXX

XXX

$XXXXXX

Cleared

Credit

2524

Signed 4506t is missing

XX/XX/XXXX

XX/XX/XXXX - Borrower 1 missing signed 4506t;

XX/XX/XXXX

XX/XX/XXXX - Lender provided executed 4506-C. Condition cleared.

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_54

XXXX

XXX

$XXXXXX

Cleared

Credit

2570

Final Loan Application is Missing

XX/XX/XXXX

XX/XX/XXXX - Final loan application is Missing;

XX/XX/XXXX

XX/XX/XXXX - Lender provided final 1003. Condition cleared.

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_54

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; XXX% - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_54

XXXX

XXX

$XXXXXX

Cleared

Credit

1261

Borrower Income Verification does not match Approval

XX/XX/XXXX

XX/XX/XXXX - 2019 Tax returns provided was not executed by the borrower.;

XX/XX/XXXX

XX/XX/XXXX - The borrower income verification does match approval. Lender provided signed Efile documentation. Condition cleared.

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.

MELLO_INV1_56

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal dtd after FEMA release date - no damage - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_56

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_56

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Hazard insurance for the borrower's primary residence was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided HOI. Condition cleared.; XX/XX/XXXX - Borrower liabilities verified indicator is Present; XX/XX/XXXX - Audit reviewed Lenders response, however; please provide HOI for borrowers Primary Residence. Condition remains.

MELLO_INV1_57

XXXX

XXX

$XXXXXX

Cleared

Credit

1431

Liquid Reserves (Dollar Amount) are less than AUS Minimum Required

XX/XX/XXXX

XX/XX/XXXX - The liquid reserves of XXX are less than the minimum required per AUS of XXX.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided asset dcoumentation. Condition cleared.; XX/XX/XXXX - The liquid reserves of XXX are greater than or equal to the AUS minimum required of XXX.

MELLO_INV1_57

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_57

XXXX

XXX

$XXXXXX

Cleared

Property

3598

Third Party AVM to appraised value exceeds XXX% allowable variance

XX/XX/XXXX

XX/XX/XXXX - Third party AVM value of XXX with a variance of 32.80 exceeds XXX% allowable variance.;

XX/XX/XXXX

XX/XX/XXXX - Additional third party valuation requested to support value.

MELLO_INV1_57

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - .; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_58

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Acknowledged; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.; XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

Waiver

Client

MELLO_INV1_58

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Property is located in a FEMA disaster area with no post disaster inpection. FEMA declared XXX county in a disaster area (wildfires) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The file does not contain an appraisal. A Post Disaster Inspection is required. ;

XX/XX/XXXX

XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_59

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided, value within XXX% of origination value. Condition cleared.; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_60

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_60

XXXX

XXX

$XXXXXX

Cleared

Property

3598

Third Party AVM to appraised value exceeds XXX% allowable variance

XX/XX/XXXX

XX/XX/XXXX - Third party AVM value of XXX with a variance of 61.44 exceeds XXX% allowable variance.;

XX/XX/XXXX

XX/XX/XXXX - Additional third party valuation requested to support value.

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_60

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - .; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_60

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - FEMA declared XXX county in a disaster area (wildfires) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The file does not contain an appraisal. A Post Disaster Inspection is required.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided Disaster Exception Map. Condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_61

XXXX

XXX

$XXXXXX

Cleared

Credit

3420

DTI Exceeds AUS Maximum Allowable

XX/XX/XXXX

XX/XX/XXXX - Lender provided updated 1008/AUS condition cleared.; XX/XX/XXXX - The qualifying back-end DTI of XXX(Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) is not greater than the maximum allowable per AUS of XXX The back-end DTI of XXX(Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) is not greater than the maximum allowable per AUS of XXX

MELLO_INV1_61

XXXX

XXX

$XXXXXX

Cleared

Property

930

Origination Appraisal is Missing

XX/XX/XXXX

XX/XX/XXXX - Origination appraisal is Missing.; XX/XX/XXXX - Origination appraisal is Not Applicable.;

XX/XX/XXXX

XX/XX/XXXX - PIW in file; XX/XX/XXXX - Origination appraisal is Not Applicable.; XX/XX/XXXX - Origination appraisal is Missing.

MELLO_INV1_61

XXXX

XXX

$XXXXXX

Cleared

Compliance

2353

Evidence of Rate Lock Not Provided

XX/XX/XXXX

XX/XX/XXXX - Evidence of Rate Lock Not Provided; XX/XX/XXXX - Evidence of Rate Lock Provided;

XX/XX/XXXX

XX/XX/XXXX - Submitted through Trailing Docs - condition cleared.; XX/XX/XXXX - Evidence of Rate Lock Provided; XX/XX/XXXX - Evidence of Rate Lock Not Provided

MELLO_INV1_62

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CCA provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_63

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - AVM provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_63

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged - AVM within tolerance; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_64

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - AVM provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_64

XXXX

XXX

$XXXXXX

Cleared

Property

3598

Third Party AVM to appraised value exceeds XXX% allowable variance

XX/XX/XXXX

XX/XX/XXXX - Third party AVM value of XXX with a variance of 58.40 exceeds XXX% allowable variance.;

XX/XX/XXXX

XX/XX/XXXX - AVM provided within tolerance - Condition Cleared; XX/XX/XXXX - Additional third party valuation requested to support value.

MELLO_INV1_64

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged - AVM within tolerance; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_64

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Property is located in a FEMA disaster area with no post disaster inpection. FEMA declared XXX county in a disaster area (wildfires) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The file does not contain an appraisal. A Post Disaster Inspection is required. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided Disaster Exception Map. Condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_65

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - AVM provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_65

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - Acknowledged - AVM within tolerance; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_65

XXXX

XXX

$XXXXXX

Cleared

Credit

1257

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - DU requires verification of employment no more than 10 days prior to the Note date. VOE in file is dated XX/XX/XXXX; Note date is XX/XX/XXXX.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided VOE. Condition cleared.

MELLO_INV1_66

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of hazard insurance for XXX Drive was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present

MELLO_INV1_66

XXXX

XXX

$XXXXXX

Cleared

Credit

1262

CoBorrower Income Verification does not match Approval

XX/XX/XXXX

XX/XX/XXXX - Personal and business tax returns provided were not executed. ;

XX/XX/XXXX

XX/XX/XXXX - The coborrower income verification does match approval. Lender provided signed business and personal returns. Condition cleared.

MELLO_INV1_66

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_67

XXXX

XXX

$XXXXXX

Cleared

Credit

1257

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - A verbal verification of employment within 10 days of the note date was not provided.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided VOE. COndition cleared.

MELLO_INV1_67

XXXX

XXX

$XXXXXX

Cleared

Property

2460

Third Party Desk Review variance to appraised value exceeds XXX%

XX/XX/XXXX

XX/XX/XXXX - Third party Desk Review variance of -13.48 exceeds XXX% maximum allowed.;

XX/XX/XXXX

XX/XX/XXXX - Additional third party valuation requested to support value.

MELLO_INV1_67

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_68

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_69

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX . ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

MELLO_INV1_69

XXXX

XXX

$XXXXXX

Cleared

Credit

1261

Borrower Income Verification does not match Approval

XX/XX/XXXX

XX/XX/XXXX - Evidence of signed personal and business tax returns were not provided. ;

XX/XX/XXXX

XX/XX/XXXX - The borrower income verification does match approval

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX . ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

MELLO_INV1_70

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - CCA provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided.

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX . ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

MELLO_INV1_71

XXXX

XXX

$XXXXXX

Cleared

Credit

878

Flood Certificate is Partial

XX/XX/XXXX

XX/XX/XXXX - Flood ceritifcate in the file is partially illegible. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided Flood Certificate. Condition cleared.

MELLO_INV1_71

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_71

XXXX

XXX

$XXXXXX

Cleared

Property

932

Origination Appraisal is Partial

XX/XX/XXXX

XX/XX/XXXX - Appraisal in file is illegible. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided legible copy of appraisal. Condition cleared.; XX/XX/XXXX - Origination appraisal is Present.

MELLO_INV1_71

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96368

Consummation or Reimbursement Date Validation Test

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'Consummation or Reimbursement Date Validation Test' from Material to Non-Material.; XX/XX/XXXX - Investment - R/T - NA; XX/XX/XXXX - Change status of 'Consummation or Reimbursement Date Validation Test' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_71

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96366

Charges That Cannot Increase Test

XX/XX/XXXX

XX/XX/XXXX - This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX .Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).;

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'Charges That Cannot Increase Test' from Material to Non-Material.; XX/XX/XXXX - Investment - R/T - NA; XX/XX/XXXX - Change status of 'Charges That Cannot Increase Test' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_71

XXXX

XXX

$XXXXXX

Acknowledged

Compliance

-96362

Reimbursement Amount Test

XX/XX/XXXX

XX/XX/XXXX - This loan failed the reimbursement amount test. (12 CFR §1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $0.00, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXX .Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation, and the creditor complies with §1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than 60 days after consummation.;

XX/XX/XXXX

XX/XX/XXXX - Change severity of 'Reimbursement Amount Test' from Material to Non-Material.; XX/XX/XXXX - Investment - R/T - NA; XX/XX/XXXX - Change status of 'Reimbursement Amount Test' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_72

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of taxes for XXX was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present; XX/XX/XXXX - Lender provided verification of taxes. Condition cleared.

MELLO_INV1_72

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_73

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_73

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_73

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of hazard insurance for XXX was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided verification of insurance for XXX Ct. Condition cleared.; XX/XX/XXXX - Borrower liabilities verified indicator is Present

MELLO_INV1_73

XXXX

XXX

$XXXXXX

Cleared

Credit

3557

Hazard Insurance Coverage is Not Sufficient.

XX/XX/XXXX

XX/XX/XXXX - Hazard insurance coverage of XXX is not sufficent. The subject loan amount is XXX with the hazard insurance replacement coverage of No and estimated replacement value from insurance company was not provided.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided hazard insurance reflecting sufficient coverage. Condition cleared.; XX/XX/XXXX - Hazard insurance coverage is sufficient.

MELLO_INV1_75

XXXX

XXX

$XXXXXX

Cleared

Credit

395

Note Document Indicator is Missing

XX/XX/XXXX

XX/XX/XXXX - Note document is Missing;

XX/XX/XXXX

XX/XX/XXXX - Lender provided Note. COndition cleared.; XX/XX/XXXX - Note document indicator is Present.

MELLO_INV1_75

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Condition is for information purposes. DD firm to order.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_75

XXXX

XXX

$XXXXXX

Cleared

Compliance

927

Security Instrument Indicator is Missing

XX/XX/XXXX

XX/XX/XXXX - The security instrument is Missing;

XX/XX/XXXX

XX/XX/XXXX - The security instrument indicator is Present

MELLO_INV1_75

XXXX

XXX

$XXXXXX

Cleared

Credit

2570

Final Loan Application is Missing

XX/XX/XXXX

XX/XX/XXXX - Final loan application is Missing;

XX/XX/XXXX

XX/XX/XXXX - Final loan application is Present; XX/XX/XXXX - Audit reviewed Lenders response, however; Please provide Signed Final 1003 (Note date is XX/XX/XXXX) Condition remains.

MELLO_INV1_77

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Change status of 'Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible or Unavailable.' from Active to Acknowledged by Client.; XX/XX/XXXX - Invalid; XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX . ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

MELLO_INV1_77

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - COndition is for informational purposes only, Pending valuation review.; XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Borrower 1 has significant job time - Borrower has XXX years on job ; Borrower has more than 2 years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX . ; Borrower Years On Job Exceeds XXX Years - Borrower Years On Job Exceeds XXX Years

MELLO_INV1_78

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal dtd after FEMA declaration - no damage - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_78

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of hazard insurance for borrower's primary residence ( XXX) was not provided.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided verification of hazard insurance on borrower's primary residence. Condition cleared.

MELLO_INV1_78

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.0 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_79

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_79

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_80

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal dtd after FEMA declaration - no damage - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_80

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_80

XXXX

XXX

$XXXXXX

Acknowledged

Credit

3420

DTI Exceeds AUS Maximum Allowable

XX/XX/XXXX

XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) exceeds the maximum allowable per AUS of XXX;

XX/XX/XXXX

XX/XX/XXXX - Change status of 'DTI Exceeds AUS Maximum Allowable' from Active to Acknowledged by Client.; XX/XX/XXXX - Non-material, within XXX% variance tolerance. The PITIA provided by lender for property XXX St is $XXX vs what lender used on 1003 of $XXX; XX/XX/XXXX - Change severity of 'DTI Exceeds AUS Maximum Allowable' from Material to Non-Material.

Waiver

Client

MELLO_INV1_80

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of mortgage payments for all REO properties including primary residence. Also evidence of taxes and insurance for all properties were not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided PITIA payments for all properties. Condition cleared.; XX/XX/XXXX - Borrower liabilities verified indicator is Present

MELLO_INV1_80

XXXX

XXX

$XXXXXX

Cleared

Credit

2578

Housing history does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - Housing history does not meet guidelines. Evidence of mortgage payment history for all properties was not provided. Unable to determine housing based on the credit report.
;

XX/XX/XXXX

XX/XX/XXXX - Housing delinquency meets guidelines. Updated CR submitted showing all Mtg tradelines with history; XX/XX/XXXX - Audit reviewed Lenders response, however; Provide Mortgage history for All REO's (Including primary residence). None are reporting on credit report). Condition remains.

MELLO_INV1_81

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal dated after FEMA declaration - no damage - condition cleared; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_81

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_81

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided, value within XXX% of origination value. Condition cleared.

MELLO_INV1_81

XXXX

XXX

$XXXXXX

Cleared

Credit

1431

Liquid Reserves (Dollar Amount) are less than AUS Minimum Required

XX/XX/XXXX

XX/XX/XXXX - The liquid reserves of XXX are greater than or equal to the AUS minimum required of XXX.; XX/XX/XXXX - The liquid reserves of XXX are less than the minimum required per AUS of XXX.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided updated CD reflecting cash to close was $XXX. Assets are sufficient. Condition cleared.; XX/XX/XXXX - The liquid reserves of XXX are greater than or equal to the AUS minimum required of XXX.; XX/XX/XXXX - The liquid reserves of XXX are less than the minimum required per AUS of XXX.

MELLO_INV1_81

XXXX

XXX

$XXXXXX

Cleared

Credit

3605

Asset Documents are Incomplete

XX/XX/XXXX

XX/XX/XXXX - Asset Documents are Incomplete: Evidence of large deposit of $XXX was not provided. (Additional conditions may apply);

XX/XX/XXXX

XX/XX/XXXX - Lender provided updated CD reflecting cash to close was $XXX. Assets are sufficient. Condition cleared.; XX/XX/XXXX - x; XX/XX/XXXX - Audit reviewed Lenders response, however; The liquid reserves of XXX are less than the minimum required per AUS of XXX. Total assets received are $XXX. Condition remains.

MELLO_INV1_82

XXXX

XXX

$XXXXXX

Cleared

Credit

878

Flood Certificate is Partial

XX/XX/XXXX

XX/XX/XXXX - Flood Certification in file is illegible.; XX/XX/XXXX - Flood ceritifcate is incomplete;

XX/XX/XXXX

XX/XX/XXXX - Lender provided flood cert. Condition cleared.; XX/XX/XXXX - Flood ceritifcate is received

MELLO_INV1_82

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_83

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_83

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_84

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CCA provided within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_84

XXXX

XXX

$XXXXXX

Cleared

Credit

1257

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - A verbal verification of employment within 10 days of the note date was not provided. VVOE in file is dated XX/XX/XXXX, Note is dated XX/XX/XXXX.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided VVOE. Condition cleared.; XX/XX/XXXX - Lender provided VVOE dated XX/XX/XXXX; however, did not provide a fully completed VVOE dated within 10 days of the Note date. The VVOE with date of 0XX/XX/XXXX was not fully completed. The name and title of employee who verified the employment was missing. Condition retained.; XX/XX/XXXX - Audit reviewed Lenders response, however; Please provideemployees name and tile that obtained the VOE on 0XX/XX/XXXX. Condition remains.

MELLO_INV1_84

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Evidence of mortgage payment, hazard insurance and taxes for REO property XXX was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present; XX/XX/XXXX - Audit reviewed Lenders response, however; Please provide Insurance documentation (Not listed on schedule E) or provided documentation included in escrow (if applicable)), Condition remains.

MELLO_INV1_85

XXXX

XXX

$XXXXXX

Cleared

Credit

3582

Balance Sheet Does Not Meet Guidelines

XX/XX/XXXX

XX/XX/XXXX - Balance Sheet Does Not Meet Guidelines. Please provide Balance sheet for Borrower's business - 2020 & ; 2021, not provided in the file.; XX/XX/XXXX - x; XX/XX/XXXX - Balance Sheet Does Not Meet Guidelines.;

XX/XX/XXXX

XX/XX/XXXX - Audit reviewed Lenders response and re-reviewed file. Condition rescinded.

MELLO_INV1_85

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_86

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_86

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - .; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_86

XXXX

XXX

$XXXXXX

Cleared

Credit

1257

Borrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - VOE in file used per AUS shows Borrower is "on leave", not "active" (pg XX). Please provide evidence that the Borrower was employed at the time of origination.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided VOE at time of origintion. Condition cleared.; XX/XX/XXXX - Lender provided VVOE; however, it still reflects borrower is on leave. Please provide VVOE indicating borrower's employment was active at the time of origination. Condition retained.

MELLO_INV1_87

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_88

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Partial. Please provide documentation to confirm the following properties are owned free and clear: XXX XX #XXX, XXX XX # XXX, and XXX XX #XXX. In addition please provide evidence of Hazard Insurance for the same properties; not in file to confirm montly obligations.;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present

MELLO_INV1_88

XXXX

XXX

$XXXXXX

Cleared

Credit

1258

CoBorrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - Guidelines require 2 year Verification of Employment. Please provide VOE for Co-Borrower's previous employment not in file.;

XX/XX/XXXX

XX/XX/XXXX - Audit reviewed Lenders response and re-reviewed file. Condition rescinded.

MELLO_INV1_88

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - CCA provided - within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_88

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CCA provided - within tolerance - Condition Cleared; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_89

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

MELLO_INV1_89

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided, value within XXX% of origination value. Condition cleared.

MELLO_INV1_89

XXXX

XXX

$XXXXXX

Cleared

Credit

1434

Hazard Insurance Effective Date is after the Note Date

XX/XX/XXXX

XX/XX/XXXX - The hazard insurance effective date of XX/XX/XXXX is after the note date of XX/XX/XXXX;

XX/XX/XXXX

XX/XX/XXXX - Lender provided Funding CD. Condition cleared.; XX/XX/XXXX - Audit reviewed lender's response and has determined the final CD in the loan file reflects a Closing Date of XX/XX/XXXX and a Disbursement Date of 0XX/XX/XXXX. Please provide the funding CD reflecting the correct closing and disbursement date to verify insurance was effective within that time period. Condition retained.

MELLO_INV1_90

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - Appraisal dtd after FEMA release - no damage - cleared condition; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_90

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_90

XXXX

XXX

$XXXXXX

Cleared

Credit

870

HAZARD INSURANCE CERTIFICATE MISSING

XX/XX/XXXX

XX/XX/XXXX - Missing copy of hazard insurance certificate. A hazard insurance policy for the subject property was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Received copy of hazard insurance certificate

MELLO_INV1_90

XXXX

XXX

$XXXXXX

Cleared

Credit

1258

CoBorrower Employment Verification does not meet guidelines

XX/XX/XXXX

XX/XX/XXXX - A VVOE within 10 days of the Note date was not provided. ;

XX/XX/XXXX

XX/XX/XXXX - Lender provided VVOE for co-borrower with a reverification of employment dated XX/XX/XXXX. Condition cleared.

MELLO_INV1_90

XXXX

XXX

$XXXXXX

Acknowledged

Credit

3420

DTI Exceeds AUS Maximum Allowable

XX/XX/XXXX

XX/XX/XXXX - The qualifying back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) is not greater than the maximum allowable per AUS of XXX The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) is not greater than the maximum allowable per AUS of XXX; XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) exceeds the maximum allowable per AUS of XXX;

XX/XX/XXXX

XX/XX/XXXX - Non-material. DTI is within XXX% variance tolerance. ; XX/XX/XXXX - Change status of 'DTI Exceeds AUS Maximum Allowable' from Active to Acknowledged by Client.; XX/XX/XXXX - Change severity of 'DTI Exceeds AUS Maximum Allowable' from Material to Non-Material.; XX/XX/XXXX - The qualifying back-end DTI of XXX(Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) exceeds the maximum allowable per AUS of XXX The back-end DTI of XXX(Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) exceeds the maximum allowable per AUS of XXX

Waiver

Client

MELLO_INV1_91

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_91

XXXX

XXX

$XXXXXX

Cleared

Credit

3420

DTI Exceeds AUS Maximum Allowable

XX/XX/XXXX

XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) exceeds the maximum allowable per AUS of XXX;

XX/XX/XXXX

XX/XX/XXXX - Lender provided rental calculations utilizing 1 time repair expense which is accaptable. Condition cleared.; XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) is not greater than the maximum allowable per AUS of XXX; XX/XX/XXXX - Unable to determine how lender calculated the rental income on property XXX Pl. Updated Audit calculations using the 2019 schedule E are as follows: ;
(Rents received Line 3) $XXX.00, minus (Total Expenses line 20) $XXX, (Plus Insurance line 9) $XXX, plus (Mortgage Interest line 12) $XXX, plus (Taxes line 16) $XXX plus (Depreciation / Depletion line 18) $XXX = $XXX / 8.055 months = a negative monthly rental income of (- $XXX) + PITIA of $XXX = total negative income of (-$XXX). Updated DTI is XXXXXX%, when including the correct PITIA for the rental property, which exceeds the approved DTI of XXX% per the updated AUS provided by the lender. Condition retained.

MELLO_INV1_92

XXXX

XXX

$XXXXXX

Cleared

Credit

651

Borrower Liabilities Verification Indicator is Partial

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Partial. Please provide billing statement (include taxes and insurance) for Borrower's primary residence (XXX XX) to confirm PITI liability. In addition, please provided evidence of property reports (showing ownedfree & ; clear) and Insurance & ; Tax information for the following properties to confirm PITI liability: XXX XX, XXXXX, and XXX XX NE;

XX/XX/XXXX

XX/XX/XXXX - Borrower liabilities verified indicator is Present

MELLO_INV1_92

XXXX

XXX

$XXXXXX

Cleared

Credit

3420

DTI Exceeds AUS Maximum Allowable

XX/XX/XXXX

XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) is not greater than the maximum allowable per AUS of XXX; XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) exceeds the maximum allowable per AUS of XXX; XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) exceeds the maximum allowable per AUS of XXX; XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) is not greater than the maximum allowable per AUS of XXX;

XX/XX/XXXX

XX/XX/XXXX - NA; XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) exceeds the maximum allowable per AUS of XXX; XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) is not greater than the maximum allowable per AUS of XXX; XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) exceeds the maximum allowable per AUS of XXX; XX/XX/XXXX - The back-end DTI of XXX (Total Income of XXX, Orig PITI of XXX, Monthly debt of XXX) is not greater than the maximum allowable per AUS of XXX

MELLO_INV1_92

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.; XX/XX/XXXX - NA - CU Score & ; 2.5 - not needed; XX/XX/XXXX - Change status of 'Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible or Unavailable.' from Active to Acknowledged by Client.

MELLO_INV1_92

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.; XX/XX/XXXX - Third Party Valuation Product Provided;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.; XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_93

XXXX

XXX

$XXXXXX

Cleared

Compliance

927

Security Instrument Indicator is Missing

XX/XX/XXXX

XX/XX/XXXX - The security instrument indicator is Missing;

XX/XX/XXXX

XX/XX/XXXX - Lender provided Mortgage and riders. Condition cleared.; XX/XX/XXXX - The security instrument indicator is Present

MELLO_INV1_93

XXXX

XXX

$XXXXXX

Cleared

Credit

2177

Property is located in a FEMA disaster area

XX/XX/XXXX

XX/XX/XXXX - FEMA declared XXX county in a disaster area (wildfires) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The file does not contain an appraisal. A Post Disaster Inspection is required.;

XX/XX/XXXX

XX/XX/XXXX - Lender provided Disaster Exception Map. Condition cleared.; XX/XX/XXXX - Post disaster inspection confirms no property damage

MELLO_INV1_93

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.; XX/XX/XXXX - Third Party Valuation Product Provided;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

MELLO_INV1_93

XXXX

XXX

$XXXXXX

Cleared

Property

3598

Third Party AVM to appraised value exceeds XXX% allowable variance

XX/XX/XXXX

XX/XX/XXXX - Third party AVM value of XXX with a variance of 19.08 exceeds XXX% allowable variance.;

XX/XX/XXXX

XX/XX/XXXX - Additional third party valuation requested to support value.

MELLO_INV1_93

XXXX

XXX

$XXXXXX

Acknowledged

Property

3608

Informational Only - Property Inspection Waiver used at origination.

XX/XX/XXXX

XX/XX/XXXX - Property Inspection Waiver used as origination valuation product;

XX/XX/XXXX

XX/XX/XXXX - .; XX/XX/XXXX - Change status of 'Informational Only - Property Inspection Waiver used at origination.' from Active to Acknowledged by Client.

Waiver

Client

MELLO_INV1_94

XXXX

XXX

$XXXXXX

Cleared

Property

3437

Third Party Valuation Product Not Provided and FHLMC Collateral Rep & Warrant Relief is Not Eligible or Unavailable.

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Not Provided and FHLMC Collateral Rep & ; Warrant Relief is Not Eligible.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided.

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_94

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product Provided

Liquid Reserves (Dollars) are Greater than the Guideline Minimum - Liquid Reserves of XXX are greater than the Guideline Minimum of XXX.

MELLO_INV1_95

XXXX

XXX

$XXXXXX

Cleared

Property

3580

Third Party Valuation Product not Provided

XX/XX/XXXX

XX/XX/XXXX - Third Party Valuation Product not Provided to Support Origination Appraised Value within XXX%.;

XX/XX/XXXX

XX/XX/XXXX - CU & ; 2.5 - not needed; XX/XX/XXXX - Third Party Valuation Product Provided