GCAT 2023-NQM1 Trust ABS-15G

Exhibit 99.42

Loan Number

Marketing ID

Seller Loan Number

Borrower Name

State

QM/ATR Status

Initial Overall Loan Grade

Final Overall Grade

Final Credit Grade

Final Property Grade

Final Compliance Grade

Material (level 3) TRID exception?

Material (level 3) Non-TRID exception?

Active Material Exceptions

Active Non Material Exceptions

Satisfied Exceptions

Waived Exceptions

Compensating Factors

Valuation Comments

General Comments

Property Type

Note Date

LTV

CLTV

Occupancy

Purpose

Credit Score

Brwr 1 Yrs in Property

Brwr 1 Occupation

Brwr 1 Yrs on Job

Total Monthly Income

Mortgage History

Cash Out Amount

DTI

FTHB Flag

Loan Doc Type

Loan Status

Review Date

xx

711733747632

xx

Virginia

Non-QM/Compliant

3

1

1

1

1

No

No

*** (CURED) Higher-Priced Mortgage Loan test Fail - EV R COMMENT:   This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test: FAIL     Charged: 4.671%    Allowed: 4.670%    Overby: +0.001% Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). *** (CURED) ROR not hand dated by borrower(s) - EV R COMMENT:   Right of Rescission incomplete due to missing expiration date, signed and hand dated by the borrowers. 01/27/2022 - Received both borrowers signed & dated ROR. Condition has been resolved.

Appraisal has provided 3 comps to support the opinion of value Appraisal has ticked on As Is on xx. With the appraised value xx

Single Family

xx

xx

xx

Primary

Refinance

749

3

xx

23

$4,542.42

Mos Reviewed:24 Times 1X30:0 Times 1X60:0 Times 1X90:0 Currently Delinquent? :No Total Delinquent: Mortgage/Rent Dlq Last 12 Mos:0 Max Days Dlq Last 12 Mos:0 Verification Type:Credit Report

44.953%

Full Documentation

QC Complete

12/15/2022

xx

789507713564

xx

Maryland

Non-QM/Compliant

2

1

1

1

1

No

No

*** (CURED) Higher-Priced Mortgage Loan test Fail - EV R COMMENT:   This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test: FAIL     Charged: 5.249%     Allowed: 4.670%     Overby: +0.579% Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). *** (CURED) Higher Price Mortgage Loan - EV R COMMENT:   This loan failed the MD COMAR higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the Code of Maryland Regulations (COMAR). While the Maryland COMAR provisions specify that lenders can legally make this type of loan subject to certain disclosure requirements, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. MD COMAR Higher-Priced Mortgage Loan Test: FAIL     Charged: 5.249%    Allowed: 4.670%    Overby: +0.579% Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation Maryland COMAR 09.03.06.02B(13) , COMAR 09.03.09.02B(6).

Appraisal verified with 6 comparables

Single Family

xx

xx

xx

Primary

Purchase

733

xx

11.1

$12,454.43

Mos Reviewed:24 Times 1X30:0 Times 1X60:0 Times 1X90:0 Currently Delinquent? :No Total Delinquent: Mortgage/Rent Dlq Last 12 Mos:0 Max Days Dlq Last 12 Mos:0 Verification Type:

22.701%

Yes

Alternative

QC Complete

12/15/2022

xx

811964698810

xx

New Jersey

Non-QM/Compliant

3

2

2

1

1

No

No

*** (CURED) Higher-Priced Mortgage Loan test Fail - EV R COMMENT:   This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test: FAIL      Charged: 6.013%    Allowed: 4.780%     Overby: +1.233% Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). *** (CURED) Mortgage missing / unexecuted - EV R COMMENT:   Deed of trust (Mortgage) is present in loan file however borrower signature is missing. Provide Deed of trust/ Mortgage document along with signatures. 3/4/2022 - Received DOT document and condition has been resolved

*** (WAIVED) Loan does not conform to program guidelines - EV W COMMENT:   Approved guideline exception in file to use Private VOR due to missing checks for the missing months of Feb and March.

Reserves: $75k DTI: 7.34/7.56 FICO: 757 Years on Job: 7 Mortgage History: Mortgage is on time

Value Supported #6 comparables

Single Family

xx

xx

xx

Primary

Refinance

757

0.66

xx

22

$28,846.00

Mos Reviewed:24 Times 1X30:0 Times 1X60:0 Times 1X90:0 Currently Delinquent? :No Total Delinquent: Mortgage/Rent Dlq Last 12 Mos:0 Max Days Dlq Last 12 Mos:0 Verification Type:Credit Report

7.791%

Alternative

QC Complete

12/15/2022

xx

772633360846

xx

California

Non-QM/Compliant

4

1

1

1

1

No

No

*** (CURED) Higher-Priced Mortgage Loan test Fail - EV R COMMENT:   This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test: FAIL     Charged: 5.771%    Allowed: 4.780%    Overby: +0.991% Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). *** (CURED) Higher Price Mortgage Loan - EV R COMMENT:   This loan failed the CA AB 260 higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the California Financial Code. While the California Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. CA AB 260 Higher-Priced Mortgage Loan Test: FAIL     Charged: 5.771%    Allowed: 4.780%    Overby: +0.991% Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation CA AB 260, California Financial Code Division 1.9 4995(a). *** (CURED) Loan does not conform to program guidelines - EV R COMMENT:   As per guideline 'xx Mortgage Guidelines 2021-10-01 Final' Citizenship "Non-permanent resident alien" is not permitted under the Corex loan program. 02/16/2022 - Received LOX, ITIN assignment document & borrower ID as this is an ITIN program. Condition has been resolved.

Appraisal has provided 5 comps to support the opinion of value. Appraisal has ticked on AS IS xx with the appraised value xx.

Single Family

xx

xx

xx

Primary

Purchase

770

xx

8

$17,992.14

Mos Reviewed:24 Times 1X30:0 Times 1X60:0 Times 1X90:0 Currently Delinquent? :No Total Delinquent: Mortgage/Rent Dlq Last 12 Mos:0 Max Days Dlq Last 12 Mos:0 Verification Type:Credit Report

34.723%

No

Alternative

QC Complete

12/15/2022