Exhibit 99.2 Schedule 5

LOAN_NUMBER	FINDING_NUM	FINDING_TYPE	SECURITIZATION	SECURITIZATION_GRADE	CREDIT_GRADE	FINDING TYPE	FINDING_DESC	FINDING_RESOLUTION	COMPENSATING FACTORS
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	113 DAYS AGE OF CREDIT REPORTS > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT. XX MAY APPROVE CREDIT HISTORY DATED PAST 30 DAYS OF LOAN ORIGINATION ON REPEAT BORROWERS.	20211216/TCP: WAIVER APPROVAL - Borrowers FICOs are 752/773	Borrowers FICOs are 752/773
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	80% LTV > 75% MAX ALLOWED. XX APPROVAL REQUIRED	20211207/TCP: WAIVER - LTV approved by JK. Comps factors Good FICO 778, with good DSCR 1.57 and all properties are leased	FICO 778, with good DSCR 1.57 and all properties are leased
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT DSCR	.39 DSCR < 1.00 DSCR MINIMUM ALLOWED. NOT ALLOWED PER TCP GUIDELINES	20211228/CA:UPDATED DSCR = 1.01. MAX LTV = 65%, SUFFICIENT 20211213/TCP- WAIVED- MIT FACT-XX spoke with XX previously looking to use market rents here. The tenant is receiving a discounted rent since they work as property manager for this borrowers properties, this is indicated on the lease agreement. Compensating factors are low LTV (53%) and FICO 720. We also have 3 other DSCR loans coming from this borrower after this closes.	Andre spoke with XX previously looking to use market rents here. The tenant is receiving a discounted rent since they work as property manager for this borrowers properties, this is indicated on the lease agreement. Compensating factors are low LTV (53%) and FICO 720
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	76.67% LTV > 75.00% MAX LTV	20211123/TCP: Please waive with XX consent XX approves. CF-XX purchases loans that fit within XX, loans are within originator guidelines	CF: 765 FICO, 2.43 DSCR, and purchase transaction with max LTC 80, current LTC 76.55
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING WARRANTY DEED	MISSING WARRANTY DEED	20211202/TCP: Please waive with XX Consent. XX Approves as the loan is originated to XX	CF: 765 FICO, 2.43 DSCR, and purchase transaction with max LTC 80, current LTC 76.55
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING WARRANTY DEED	MISSING EXECUTED WARRANTY DEED	20211130/TCP: Please waive with XX Consent. XX Approves as the Loan was originated to XX	CF: 798 FICO, 76.97 LTC where max is 80
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$20946.26 LIQUIDITY < $71,146.66 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211123/TCP: Please waive with XX consent XX approves. CF-XX purchases loans that fit within XX, loans are within originator guidelines	CF: 798 FICO, 76.97 LTC where max is 80
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	113 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS	20211123/TCP: Please waive with XX consent XX approves. CF-XX purchases loans that fit within XX, loans are within originator guidelines	CF: 798 FICO, 76.97 LTC where max is 80
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING PURCHASE AGREEMENT	MISSING PURCHASE CONTRACT ADDENDUM EXTENDING CLOSING DATE FROM 6/XX/2021 TO 8/XX/2021	20211123/TCP: Please waive with XX consent XX approves. CF-XX purchases loans that fit within XX, loans are within originator guidelines	CF: 798 FICO, 76.97 LTC where max is 80
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING EXPERIENCE	MISSING GUARANTOR TRACK RECORD	20220124/TCP: lender: PS guidelines waive track record when FICO > 700 and property DSCR > 1.3.	FICO > 700 and property DSCR > 1.3
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	141 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS	20211123/TCP: Please waive with XX consent XX approves. CF-XX purchases loans that fit within XX, loans are within originator guidelines	CF: 753 FICO, 2.85 DSCR, 52.26 LTV where max is 80
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT HAZARD INSURANCE POLICY	HAZARD INSURANCE DATES ARE INSUFFICIENT - POLICY PROVIDED EXPIRES WITHIN 6 DAYS OF CLOSING AND THE LOAN FILE DOES NOT CONTAIN VERIFICATION THAT THE RENEWAL PREMIUM WAS PAID AT OR PRIOR TO CLOSING ON A REFINANCE TRANSACTION. LOAN CLOSED ___/___/____, POLICY EXPIRATION DATE IS 8/XX/22	20220306/CA:TCP WAIVED. RENEWAL NOT NEEDED YET	Comps factor, excellent FICO with DSCR 1.62   - ( Waived in Pre-close stage)
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF CREDIT REPORT	116 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220217/TCP: PLEASE WAIVE WITH XX CONSENT. XX APPROVES.	Comp factors - Allowed for repeat borrowers for credit reports only, up to a maximum of 180-days  ( waived in pre-close stage )
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT LIQUIDTY	$11,240.61 LIQUIDITY < $46,552.12 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20220225/CA: USING 100% LIQUIDITY, LIQUIDITY REQUIREMENT MET. WAIVED DUE TO GUIDELINE VIOLATION 20220225/TCP: Please use attached HUD and use 100% proceeds for liquidity.	comp Factors: DSCR 1.74, Fico Score 720+  USING 100% LIQUIDITY, LIQUIDITY REQUIREMENT MET. WAIVED DUE TO GUIDELINE VIOLATION 20220225/TCP: Please use attached HUD and use 100% proceeds for liquidity.
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	96 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220201/TCP: Allowed for repeat borrowers for up to 180-days for Credit Reports only	Comp Factors : Allowed for repeat borrowers for up to 180-days for Credit Reports only  ( Approved by XX )
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	110 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211020/TCP WAIVED. CF: REPEAT BORROWER	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	96  DAYS AGE OF CREDIT REPORT >90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220302/CA:REPEAT BORROWER	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LEASE AGREEMENT	$500 UNIT 3 & $550 UNIT 2 MARKET RENTS < $600 MIN REQUIRED	20211124/TCP: WAIVER CONDITIONAL - FICO is 764 and DSCR is 1.63. Waiver for rents approved subject to the value being supported	FICO is 764 and DSCR is 1.63
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	103 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT. XX MAY APPROVE CREDIT HISTORY DATED PAST 30 DAYS OF LOAN ORIGINATION ON REPEAT BORROWERS.	20220111/TCP: WAIVER Approved for up to 180-days for a repeat borrower for the credit report only.  FICO 720+ DSCR 1.6897	FICO 720+ DSCR 1.6897
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF CREDIT REPORT	146 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220209/TCP: XX APPROVED UP TO 180 DAYS	CF: Approved for up to 180-days for a repeat borrower for the credit report only- mitigating factors: FICO 720+ DSCR 1.6897
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT OPERATING AGREEMENT	INSUFFICIENT BY LAWS: BY LAWS ARE MISSING PERCENTAGE OF OWNERSHIP BREAKDOWN. PROVIDE UPDATED BY LAWS	20220201/TCP: WAIVED, Exception approved for the below findings.The documentation provided and discussions between our teams has gotten us comfortable that XX and XX are the owners of the companies involved in the transaction and therefore meet the XX guidelines related to guarantor ownership %.	CF: Purchase transaction with a 40% down payment
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING LEASE AGREEMENT	MISSING LEASE OR RENT RANGE FOR VACANT UNIT	20220208/TCP WAIVED- APPROVED FOR USE THIS TIME BY TCP- SEE EMAIL 9/XX/2021 FROM XX	Comp factors -  XX approved the use of this other third party company.XX and XX approved to use XX for this borrower only and LTV is 60%
XX	XX	GUIDES	CREDIT	B	B	MINIMUM AS-IS VALUE	XX PROPERTY VALUE $140,000 < $175,000 MINIMUM FOR 2 FAMILY HOME PER XX GUIDELINES	20211129/TCP WAIVED- MIT FACT PROPERTY LOCATED OUTSIDE CITY LIMITS	comp Factor: DSCR 1.33 FICO 720+ Subject to the value being supported
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	97 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211201/CA:WAIVED PER XX EMAIL.	CF: Repeat borrower with 724 FICO and 1.68 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	120 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211128/CA:TCP WAIVED REPEAT BORROWER	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	107 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211123/TCP: WAIVER-Approved waiver request as borrower is repeated client of XX.	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	126 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211119/TCP: WAIVER - Max of 180-days for a repeat borrower	Repeat borrower
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF CREDIT REPORT	133 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211206/TCP WAIVED- MULTIPLE LOANS CLOSED WAIVED TO 180-DAYS	CF: Max of 180-days for a repeat borrower. FICO 723, 70 LTV, 1.31 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	118 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT	20211110/CA:WAIVER APPROVED REPEAT BORROWER. MAX ALLOWED IS 180 DAYS FOR THIS CASE.	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	118 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT. XX MAY APPROVE CREDIT HISTORY DATED PAST 30 DAYS OF LOAN ORIGINATION ON REPEAT BORROWERS.	20211110/CA:WAIVER APPROVED REPEAT BORROWER. 180 DAYS ALLOWED ON THIS CASE	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	147 DAYS AGE CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211227/TCP: "I waived both of the remaining exceptions on this loan. Borrower is a repeat client for XX and XX so we should be good to go here now."	Repeat borrower
XX	XX	MISSING DOCS	CREDIT	B	B	BACKGROUND FLAG	UNSPECIFIED CRIMINAL RECORDS ON BACKGROUND REPORT. LOE IN FILE EXPLAINING BORROWER DOES NOT KNOW WHAT THEY COULD BE. XX APPROVAL NEEDED	20211227/TCP: "I waived both of the remaining exceptions on this loan. Borrower is a repeat client for XX and XX so we should be good to go here now."	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	118 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211110/CA:WAIVER APPROVED REPEAT BORROWER ALLOWED 180 DAYS ON THIS ONE CASE.	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$21,351.64 LIQUIDITY < $23,131.13 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211214/TCP: WAIVER APPROVED - Less than $2k.Borrower has a 741 FICO	Less than $2k. Borrower has a 741 FICO
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF CREDIT REPORT	122 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211021/TCP WAIVED. CF: Repeat bwr, 774 higher than min 720, DSCR 1.58	Repeat bwr, 774 higher than min 720, DSCR 1.58
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	86 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS	20210930/TCP WAIVED	CF: Good  FICO 794 and DSCR is 1.55
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	141 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT	20211104/CA:XX WAIVED	Comp factors - Max allowed for a repeat borrower is 180-days, 771 FICO, 1.83 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF BACKGROUND CHECK	142 DAYS AGE OF BACKGROUND CHECK > 90 DAYS MAX ALLOWED. PROVIDE UPDATED BACKGROUND CHECK.	20211104/CA:XX WAIVED	Comp Factor:DSCR 1.83 FICO 720+ There must be no issues on the Credit Report
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	65 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS FOR CHASE ACCOUNTS	20211116/TCP: Please waive with XX consent. XX approves banks statements CF excellent DSCT with good FICO.	Comp Factors : Please waive. Ok with the 5 day difference due to strong DSCR and great FICO of 756 ( Approved by XX )
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$44,462.29 LIQUIDITY < $45,243.07 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211207/TCP: WAIVER APPROVED - 800 FICO and 1.56 DSCR	800 FICO and 1.56 DSCR
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING PAYOFF STATEMENT	MISSING PAYOFF STATEMENT	20211116/CA: RECEIVED	Comp Factors : Good DSCR 3.41 and Fico Score 720+
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	95 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211201/CA: WAIVER IN FILE FOR UP TO 180 DAYS	CF: Repeat borrower, 738 FICO, 3.40 DSCR
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF CREDIT REPORT	138 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211130/TCP: WAIVER APPROVED - Repeat borrower for XX, approved	Repeat borrower
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF BANK STATEMENTS	100 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS	20211122/TCP: Statements were current at time the seller funded the loan. Borrower has a 761 FICO and the DSCR is 1.84	Statements were current at time the seller funded the loan. Borrower has a 761 FICO and the DSCR is 1.84
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	91  DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT. XX MAY APPROVE CREDIT HISTORY DATED PAST 30 DAYS OF LOAN ORIGINATION ON REPEAT BORROWERS.	20211207/TCP: I am okay waiving this. CR is over by one day. Borrower has a great FICO of 744 so it makes me comfortable. (PER 12/XX/21 EMAIL FROM XX)	CR is over by one day. Borrower has a great FICO of 744 so it makes me comfortable. (PER 12/XX/21 EMAIL FROM XX)
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LEASE AGREEMENT	SHORT TERM RENTAL WITH < 12 MONTHS HISTORY, EXCEPTION APPROVED AS RENT IS DIVIDED BY 12 MONTHS	20211101/CA: XX EXCEPTION	CF: This is a short-term rental loan; the property is not vacant, Income documents available in BOX with DSCR as 1.95 and good FICO 738
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	95 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211207/TCP: WAIVER - Approved for repeat borrowers up to 180-days	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	62 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS	20211119/TCP: WAIVER APPROVED. High FICO borrower with 770+ score, 1.38 DSCR, two days aged	High FICO borrower with 770+ score, 1.38 DSCR, two days aged
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	91 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT FOR BOTH GUARANTORS XX AND XX.	20220311/CA:TCP WAIVED; REPEAT BORROWERS	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	102 DAYS AGE OF CREDIT CHECK > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK FOR BOTH GUARANTORS.	20220308/CA: WAIVED	Comp Factor: Allowed for a repeat borrower up to 180-days for the credit report only. 779 FICO and 1.51 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	91 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220310/CA:TCP WAIVED AS THIS IS A REPEAT BORROWER	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	93 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT. ALL BORROWERS	20220309/TCP: WAIVED - ALLOWED UP TO 180 DAYS  SEASONED FOR A REPEAT BORROWER- CREDIT REPORT ONLY	CF: Allowed up to a 180-days seasoned for a repeat borrower. 776 FICO and 1.22 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	91 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220308/CA: Please waive With XX consent XX approves C/F Allowed up to a 180-days seasoned for a repeat borrower. Applies to Credit Reports only.	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	91 DAYS AGED CREDIT REPORT > 90 DAYS MAXIMUM ALLOWED PER TCP UNDERWRITING GUIDELINES	20220311/CA:TCP WAIVED REPEAT BORROWER	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	91 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220309/CA: WAIVED	Comp Factors : Allowed for a repeat borrower for up to a 180-days for the credit report only. 776 FICO  ( Approved by XX )
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING CREDIT REPORT	CREDIT REPORT 91 DAYS >90 DAYS ALLOWED	20220311/CA:TCP WAIVED AS THEY ARE A REPEAT BORROWER	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	97 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220311/TCP WAIVED FOR REPEAT BORROWER UP TO 180DAYS	CF: Repeat borrower allowed up to a maximum of 180-days, Good FICO 776
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	75% LTV > 70% MAX ALLOWED. XX APPROVAL REQUIRED	20211119/CA: WAIVED	Comp Factors - Approved at a max LTV of 75%
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	65 % AILTV > 60% MAX ALLOWED. XX APPROVAL REQUIRED	20211105/TCP: Approved per JK prior approval. Subject to the valuation being supported by XX	CF: 1.71 DSCR, repeat borrower of originator, 68+ mos of reserves
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	96 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT. XX MAY APPROVE CREDIT HISTORY DATED PAST 30 DAYS OF LOAN ORIGINATION ON REPEAT BORROWERS.	20211215/TCP WAIVED- FOR 2 DAYS AFTER 90DAYS	Comp Factors : 765 FICO. Courtesy waive for 2-days past ( Approved by XX )
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	72.76> 70% MAX ALLOWED. XX APPROVAL REQUIRED	20211022/TCP WAIVED. CF: REPEAT BOR AND HIGH DSCR	CF: REPEAT Borrower AND HIGH DSCR-1.81
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	80% LTV > 70% MAX ALLOWED. XX APPROVAL REQUIRED	20211129/TCP: WAIVER APPROVAL - Leverage request approved with a 2.5% First Loss to TAM	CF: Leverage request approved with a 2.5% First Loss to TAM,  DSCR 1.07 and FICO 736
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT DSCR	DSCR 0.61 < 0.80 MINIMUM. XX APPROVAL REQUIRED	20220109/TCP: WAIVER APPROVAL-Purchase with +20% down payment	CF: Purchase with +20% down payment.DSCR points =1.07 and FICO 720+
XX	XX	GUIDES	CREDIT	B	B	MAX LTC	144.01 % LTC > 90% MAX ALLOWED. XX APPROVAL REQUIRED/WILL UPDATE ONCE PRIOR HUD IS RECEIVED	20211105/TCP: For this loan, we're going to grant a waiver on the seasoning period for the prior purchase and allow for this loan to be classified as a refinance, thereby eliminating the LTC component.  This should clear up the conditions below.  CF: Repeat borrower with 3 prior XX loans that have been paid timely and cleanly, XX supports value at 0% variance, Property has been completely renovated inside, borrower is a contractor so renovation costs were lower, 779 FICO > 720 min.	Repeat borrower with 3 prior XX loans that have been paid timely and cleanly, XX supports value at 0% variance, Property has been completely renovated inside, borrower is a contractor so renovation costs were lower, 779 FICO > 720 min
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	80% LTV > 70% MAX ALLOWED DUE TO CREDIT SCORE OF 672 FOR PRIMARY OWNER. 10% HIT ON LTV. XX APPROVAL REQUIRED	20220107/CA:TCP WAIVED PER EMAIL FROM XX- USE FICO FROM G1 AS QUALIFYING FICO	XX approved through Mail-Comp factors: FICO Score-797,DSCR-2.12 in Post close
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$8,950.00 LIQUIDITY < $30,867.24 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211129:TCP APPROVED CASH OUT TO BE USED FROM A REFI.	CF: DD Used Assets of Refi loan of borrower, from HUD which is Cash out amount $141,767.79. FICO 726 and DSCR 1.51
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT LEASE AGREEMENT	LEASE AGREEMENTS FOR XX AND XX AND XX AND XX ARE EXPIRED AND DO NOT HAVE MONTH TO MONTH VERBIAGE	20211018/TCP WAIVED. CF: 793 FICO > min 720, 1.62 DSCR	793 FICO > min 720, 1.62 DSCR
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$65010.82 LIQUIDITY < $67952.56 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211122/TCP: Please waive with XX consent. XX Approved  CF 62% LTV	62% LTV
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	74 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS	20211122/TCP: Please waive with XX consent. XX Approved  CF 62% LTV	62% LTV
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	BACKGROUND CHECK FOR XX RELFECTS 2 UNSPECIFIED CRIMINAL OFFENSES DATED 7/XX/2003 AND 10/XX/2015. PROVIDE PROOF OF THE NATURE OF THE OFFENCES '	20211020/TCP WAIVED. CF: All offenses are over 6 years ago, no felonies and LOE reflects corrective measures taken	All offenses are over 6 years ago, no felonies and LOE reflects corrective measures taken
XX	XX	GUIDES	CREDIT	B	B	MAX AILTV	_75% AILTV > _70% MAX ALLOWED. XX APPROVAL REQUIRED	20211123/TCP: WAIVER Approved at a max LTV of 75%	Comp Factors - Approved at a max LTV of 75%
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	75 % LTV > 70% MAX ALLOWED. XX APPROVAL REQUIRED	20211123/TCP: WAIVER - Approved at 75% LTV max.	Comp Factor: DSCR 1.90 FICO 720+ Approved at 75% LTV max.
XX	XX	GUIDES	CREDIT	B	B	NOTE TERMS ERROR	INTERSET RATE 3.99% < 4.00% MINIMUM INTERSET RATE REQUIRED. XX APPROVAL REQUIRED	20211114/CA:WAIVED	Comp Factors : DSCR 1.28 and fico score 720+ We are only .01% off from what is allowed. Per the LO, he does not want to just increase it to 4% because he already promised the borrower 3.99%. This is a repeat borrower, let me know if ok. @ XX : okay with this. current pricing applies.
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	69.59% LTV > 65% LTV MAX DUE TO -10% LTV ADJUSTMENT FOR 1.01 DSCR.	20211130/CA: WAIVED	CF: Purchase with a +30% down payment
XX	XX	GUIDES	CREDIT	B	B	MINIMUM SQUARE FOOTAGE	XX PROPERTY IS <MIN SQAURE FOOTAGE AND < MINIMUM RENT AMOUNT, XX APPROVED EXCEPTION	20211111/TCP: WAIVER APPROVAL - "Low LTV, High FICO and High DSCR"	CF: Low LTV, High FICO 754 and High DSCR 1.83
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	133 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211222/TCP WAIVED UP TO 180 DAYS	Comp Factor: DSCR 1.87 FICO 700-719 TCP WAIVED UP TO 180 DAYS
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	INSUFFICIENT LTV. 74.26% LTV > 70.00% LTV MAXIMUM. REQUIRES XX APPROVAL.	20211118/TCP WAIVED	Comp Factor: FICO 720+ We pulled all or heads together and think we found the discrepancy. Our Primary has a 759 and co-borrower 668. They are 50/50 ownership. So I think your team is using the 668 which drops the ltv. We obviously, want the higher ltv.
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$23,335.84 LIQUIDITY < $31,107.74 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211026/TCP: Approved for missing $XX CF: Cash out loan, bwr will have sufficient funds after close, 59% LTV	59% LTV
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	141 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT. XX MAY APPROVE CREDIT HISTORY DATED PAST 30 DAYS OF LOAN ORIGINATION ON REPEAT BORROWERS.	20210917/TCP WAIVED. CF: DSCR 1.3 LTV 71 LESS THAN 75 MAX	DSCR 1.3 LTV 71 LESS THAN 75 MAX
XX	XX	MISSING DOCS	CREDIT	B	B	MAX LTC	80% LTC > 75% MAX ALLOWED. XX APPROVAL REQUIRED	20211026/CA: RECEIVED WAIVER	Comp Factor: DSCR 1.37, FICO 720+
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF CREDIT REPORT	91 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211208/TCP: WAIVER - Approved for 1-day past 90-days	Comp Factors : approved waiver. Comp factor = only 1 day over  ( Approved by XX )
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	FELONY ON BACKGROUND CHECK DATED 12/XX/2008. NOT ALLOWED PER GUIDELINES. XX APPROVAL REQUIRED	20211128/CA:WAIVED PER TCP. GREAT CITIZEN NOW AND HIGH CREDIT SCORE, LEARNED FROM MISTAKES.	EF: Event occurred 13-years. Great FICO-752 and high DSCR-2.50- Approved by JK in Pre-close
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	75% LTV > 70% MAX ALLOWED. XX APPROVAL REQUIRED. -10% ADJUSTMENT FOR MINIMUM CONDO REQUIREMENT (RENTER CONCENTRATION)	20211015/TCP: WAIVER APPROVAL - Approved. CF: Strong building in high demand XX, 740 FICO min 720, High net worth bwr, lease in place higher than market rent	Strong building in high demand XX, 740 FICO min 720, High net worth bwr, lease in place higher than market rent
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT DSCR	DSCR 1.05 < 1.10 ALLOWED PER XX GUIDELINES SINCE LOAN AMT IS < 150K	20211014/TCP WAIVED. CF: VERY EXPERIENCED BOR WITH LOW LTV	VERY EXPERIENCED BOR WITH LOW LTV
XX	XX	GUIDES	CREDIT	B	B	MAX SQUARE FOOTAGE	XX SQFT > 4,000 SQFT MAXIMUM ALLOWED. XX APPROVAL REQUIRED.	20211110/TCP:WAIVED	CF:  FICO 746 and DSCR 1.51
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING LEASE AGREEMENT	MISSING LEASE RENEWAL FOR UNIT 1	20211108/CA:XX APPROVED MONTH TO MONTH IS IN EFFECT	Comp factors - Approved to allow for expired lease. CF: 6 months of proof of rcpt of rent was provided showing funds from named tenant to borrowers acct (wavied in pre close stage)
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	INSUFFICIENT LIQUIDITY. $66,244.36 < $424,829.81 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS	20211216/TCP: Approved. CF: 755 FICO, 1.4x DSCR, judgments are over 15 years ago	755 FICO, 1.4x DSCR, judgments are over 15 years ago
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT BACKGROUND CHECK	OUSTANDING JUDGMENTS TOTALING $XX. PROVIDE ADDITIONAL INFORMATION TO DISMISS.	20211216/TCP: pproved. CF: 755 FICO, 1.4x DSCR, judgments are over 15 years ago	755 FICO, 1.4x DSCR, judgments are over 15 years ago
XX	XX	MISSING DOCS	CREDIT	B	B	MAX LTV	69.15% LTV > 65% MAX ALLOWED DUE TO 1.09 DSCR. XX APPROVAL REQUIRED	20211129/TCP: WAIVER CONDITIONAL APPROVAL-Purchase with a 30% down payment. No additional waivers allowed and subject to due diligence	CF: Purchase with a 30% down payment. No additional waivers allowed
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	BACKGROUND CHECK REFLECTS UNSPECIFIED CRIMINAL OFFENSE (X3) UNDATED. MISSING PROOF OF THE NATURE OF THE OFFENSES.	20211201/TCP: Please waive with CF: high DSCR 1.76x and high FICO	High DSCR 1.76x and high FICO
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT BANK STATEMENTS	MISSING ONE MONTH BANK STATEMENT FOR ACCT: XX	20211201/TCP: Please waive with CF: high DSCR 1.76x and high FICO	High DSCR 1.76x and high FICO
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT BANK STATEMENTS	MISSING ONE MONTH BANK STATEMENT FOR ACCT: XX	20211201/TCP: Please waive with CF: high DSCR 1.76x and high FICO	High DSCR 1.76x and high FICO
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT HAZARD INSURANCE POLICY	HAZARD INSURANCE DATES ARE INSUFFICIENT - POLICY PROVIDED EXPIRES WITHIN 60 DAYS OF CLOSING AND THE LOAN FILE DOES NOT CONTAIN VERIFICATION THAT THE RENEWAL PREMIUM WAS PAID AT OR PRIOR TO CLOSING ON A REFINANCE TRANSACTION. LOAN CLOSED 08/XX/2021, POLICY EXPIRATION DATE IS 10/XX/2021 FOR XX ST.	20211201/TCP: Please waive with CF: high dscr 1.34x and high median FICO 775	High dscr 1.34x and high median FICO 775
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$147,721.99 LIQUIDITY < $168,988.64 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211118/CA:WAIVED PER XX SINCE LOAN ALREADY CLOSED	Comp Factor: DSCR 1.10 FICO 720+ Closed loan. 783 FICO. Broadview
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	INSUFFICIENT ASSETS. 79 DAYS > 60 DAYS MAXIMUM ALLOWED PER TCP UNDERWRITING GUIDELINES. $87,607.08 < $518,334.28 MINIMUM REQUIRED PER TCP UNDERWRITING GUIDELINES	20211215/TCP: WAIVER APPROVAL - 740 FICO and +2.0 DSCR. Cash out	740 FICO and +2.0 DSCR. Cash out
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT TITLE COVERAGE	INSUFFICIENT TITLE INSURANCE: TITLE PROVIDED IS MISSING THE AUTHORIZED AGENT'S SIGNATURE. PROVIDE AN EXECUTED COPY.	20211214/TCP: We accept no CPL in NYS and dont need authorization letter if the attny is Andelsman.	Comp Factors : DSCR 1.19 and Fico Score 720+
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT HAZARD INSURANCE POLICY	HAZARD INSURANCE DATES ARE INSUFFICIENT - POLICY PROVIDED EXPIRES WITHIN 30 DAYS OF CLOSING AND THE LOAN FILE DOES NOT CONTAIN VERIFICATION THAT THE RENEWAL PREMIUM WAS PAID AT OR PRIOR TO CLOSING ON A REFINANCE TRANSACTION. LOAN CLOSED 2/XX/2022, POLICY EXPIRATION DATE IS 3/XX/2022.	20220223/CA:XX WAIVED AS IT WILL BE FORCED PLACED IF NEEDED	Final policy through 2023 and premium collected on final SS
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	96 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211229/TCP WAIVED- MIT FACTS- 1.71 DSCR & BORROWER LIQUIDITY COVERS MORE THAN 50M PITI WHERE GUIDES REQ 6.	1.71 DSCR & BORROWER LIQUIDITY COVERS MORE THAN 50M PITI WHERE GUIDES REQ 6.
XX	XX	GUIDES	CREDIT	B	B	AGE OF BACKGROUND CHECK	96  DAYS AGE OF BACKGROUND CHECK > 90 DAYS MAX ALLOWED. PROVIDE UPDATED BACKGROUND CHECK.	20211229/TCP WAIVED- MIT FACTS- 1.71 DSCR & BORROWER LIQUIDITY COVERS MORE THAN 50M PITI WHERE GUIDES REQ 6.	1.71 DSCR & BORROWER LIQUIDITY COVERS MORE THAN 50M PITI WHERE GUIDES REQ 6.
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	70% LTV > 65% LTV MAXIMUM ALLOWED. DSCR 1.00 -1.09 REQUIRES -10% LTV ADJUSTMENT. NOT ALLOWED PER GUIDELINES	20211208/TCP: 722 FICO and 1.88 DSCR. 5% leverage waiver approved	722 FICO and 1.88 DSCR. 5% leverage waiver approved
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING TAX CERTIFICATE	MISSING TAX CERTIFICATEIFICATE	20211110/CA: RECEIVED	Comp Factors - DSCR 1.61 and Fico 720+
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	68 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS	20220318/CA:TCP WAIVED: 65% LTV AND 1.10 DSCR AND CBR 710	65% LTV AND 1.10 DSCR AND FICO 710
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF BANK STATEMENTS	69 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS FOR XX ACCOUNT	20220310/CA:TCP APPROVED FOR THE CASH OUT TO BE SUFFICIENT: Comp Factors: 788 FICO, 1.5 DSCR, Appraised value is $10K higher than PP	788 FICO, 1.5 DSCR, Appraised value is $10K higher than PP
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	67 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS FOR THE XX ACCOUNT	20220322/CA:TCP WAIVED: 741 FICO AND 2.03 DSCR	741 FICO AND 2.03 DSCR
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	70% LTV > 80% MAX LTV DUE TO -10% LTV REDUCTION FOR DSCR 1.00 - 1.09	20220310/CA:TCP WAIVED: PURCHASE WITH 20% DOWN. .02 DIFFERENCE IN DSCR; 737 FICO	PURCHASE WITH 20% DOWN. .02 DIFFERENCE IN DSCR; 737 FICO
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	91 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT. XX MAY APPROVE CREDIT HISTORY DATED PAST 30 DAYS OF LOAN ORIGINATION ON REPEAT BORROWERS.	20220222/CA:TCP WAIVED	CF: FICO Score: 777- Approved by JK in Post- close
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	INSUFFICIENT LIQUIDITY. $20719.06 < $39736.35 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211129/TCP WAIVED- MIT FACT- LIQ REC IS SHORT < $500.00	CF: 725 FICO and LTV 70 where max LTV is 75
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT TITLE COVERAGE	INSUFFICIENT TITLE INSURANCE: TITLE PROVIDED IS MISSING THE AUTHORIZED AGENT'S SIGNATURE. PROVIDE AN EXECUTED COPY.	20220110/MBS: FROM TITLE COMPANY. "we are a direct operation of and wholly owned by XX, and will be insuring this XX rather than another underwriter.  Accordingly, an agent authorization letter is not appropriate. Thank you, XX Underwriter XX XX Work Phone: XX"	CF: FICO-786, DSCR:1.11(Pre-close)
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING BACKGROUND CHECK	MISSING BACKGROUND CHECK FOR ADDITIONAL MEMBERS SUCH THAT AT LEAST 51% OF THE BORROWING ENTITY IS REPRESENTED	202110298/TCP WAIVED USING 50.5%. CF: VERY EXP BORROWER WITH OVER 20MM PFS	CF: 776 FICO and LTV 78.26 where max LTV is 78. Very experienced borrower with over 20mm personal financial statement
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G1 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK.	20211028/CA:WAIVED	XX Repeated borrower for loan#XX and for repeated borrower we can go Upto 180 days. 789 FICO 1.58 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G2 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK.	20211028/CA: WAIVED	Comp factors - Max allowed for a repeat borrower is 180-days
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G1 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK.	20211028/CA:WAIVED	Comp Factor: DSCR 1.45 FICO 720+
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G2 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK.	20211028/CA: WAIVED	CF: Experienced bwr currently managing 20+ properties. Strong liquidity. 789 FICO
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G1 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK. WAIVER IN FILES REQUIRES LOAN TO CLOSE BY 10/XX/21, LOAN CLOSED 10/XX/21	20211028/CA:WAIVED	CF: Experienced bwr currently managing 20+ properties. Strong liquidity. 789 FICO 1.5 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G2 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK. WAIVER IN FILE REQUIRED LOAN TO CLOSE BY 10/XX/21, LOAN CLOSED 10/XX/21	20211028/CA: WAIVED	XX Repeated borrower for loan#XX and for repeated borrower we can go Upto 180 days. 789 FICO 1.5 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G1 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK. WAIVER IN FILE WAS CONTINGENT UPON LOAN CLOSING BY 10/XX/21	20211117/CA:WAIVED PER EMAIL. STRONG LIQUIDITY	CF: Experienced bwr currently managing 20+ properties. Strong liquidity. 789 FICO 1.58 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G2 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK. WAIVER IN FILE WAS CONTINGENT UPON LOAN CLOSING BY 10/XX/21	20211117/CA:WAIVED PER EMAIL. STRONG LIQUIDITY	Comp Factor: DSCR 1.30 FICO 720+ it says 10/31.
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G1 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK. WAIVER IN FILE WAS CONTINGENT UPON CLOSING BY 10/XX/21 AND LOAN CLOSED 10/XX/21.	20211028/CA:WAIVED	CF: Experienced bwr currently managing 20+ properties. Strong liquidity. 789 FICO 1.34 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G2 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK. WAIVER IN FILE CONTINGENT UPON LOAN CLOSING BY 10/XX/21 AND LOAN CLOSED 10/XX/21	20211028/CA: WAIVED	CF: Experienced bwr currently managing 20+ properties. Strong liquidity. 789 FICO 1.34 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G1 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK.	20211028/CA:WAIVED	XX Repeated borrower for loan#XX and for repeated borrower we can go Upto 180 days. 789 FICO 1.26 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	160 DAYS AGE OF CREDIT CHECK FOR G2 > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT CHECK.	20211028/CA: WAIVED	Comp factors - Max allowed for a repeat borrower is 180-days. 789 FICO, 1.26 DSCR
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT CREDIT REPORT	INSUFFICIENT CREDIT REPORT FOR GUARANTOR 1. CREDIT REPORT LIMIT IS 90 DAYS. REPORT IN FILE IS 160 DAYS. PROVIDE UPDATED CREDIT REPORT	20211028/CA:WAIVED	Comp Factor: DSCR 1.44 FICO 720+
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT CREDIT REPORT	INSUFFICIENT CREDIT REPORT FOR GUARANTOR 2. CREDIT REPORT LIMIT IS 90 DAYS. REPORT IN FILE IS 160 DAYS. PROVIDE UPDATED CREDIT REPORT	20211028/CA:WAIVED	Approved per EW email. Must close by 10/21 Comp Factors : DSCR 1.44 and fico score 720+
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT MORTGAGE	OPEN END MORTGAGE DEED IN FILE, XX TO APPROVE	20220304/TCP: PLEASE WAIVE WITH XX CONSENT. XX APPROVES.	Comp factors - Approved per XX: CF Review of the Mortgage shows that we are protected by language indicating the original loan balance is the max balance.
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	91 DAYS AGE OF CREDIT REPORT FOR BOTH BORROWERS  > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT FOR BOTH BORROWERS.	20220308/CA:TCP WAIVED. REPEAT BORROWER	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	164 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220310/CA:TCP WAIVED REPEAT BORROWER	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	75% LTV > 70% MAX ALLOWED. XX APPROVAL REQUIRED	20211115/CA: WAIVER APPROVED BY XX	CF: only 1 point less than required, 1.44 DSCR in Post close
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	75% AILTV > 65% MAX ALLOWED. XX APPROVAL REQUIRED	20211201/TCP: WAIVER APPROVAL - Im okay with the price below par. Please allow us to lend at the 680 leverage as the borrower only has one account that went delinquent. When you look at her credit that account is posting twice for the exact same late days and amounts. This is causing her score to drop and once she can get it removed it should drastically increase her score since she only truly has one credit card that she had pay issues with.	Comp Factors : DSCR :1.49  Please allow us to lend at the 680 leverage as the borrower only has one account that went delinquent. When you look at her credit that account is posting twice for the exact same late days and amounts. This is causing her score to drop and once she can get it removed it should drastically increase her score since she only truly has one credit card that she had pay issues with.@ XX approved Sizer pricing to be used
XX	XX	GUIDES	CREDIT	B	B	MAX LTC	143.44% LTC > 90.00% LTC MAXIMUM ALLOWED PER TCP UNDERWRITING GUIDELINES	20220303/TCP: PLEASE WAIVE WITH XX CONSENT. XX APPROVES.	CF: 1.94 DSCR, 55.52 LTV where max is 65
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$31,982.83 LIQUIDITY < $33,705.06 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20220304/CA:TCP WAIVED EXCELLENT DSCR	Comps Factor : Excellent DSCR of 2.40 with Fico of 677  ( Approved by kaleem )
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$18,805.64 < $20,845.40 MINIMUM LIQUIDITY REQUIRED	20220404/TCP: Please grant a waiver for the $2K shortage in liquidity here.  Compensating Factors:  XX has owned the loan since 11/21 and loan is current, Borrower has an additional $23K in foreign funds that are not being considered, borrower is experienced as a property investor in the subject location. 20220404/CA: WAIVED	XX has owned the loan since 11/21 and loan is current, Borrower has an additional $23K in foreign funds that are not being considered, borrower is experienced as a property investor in the subject location
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING BACKGROUND CHECK	MISSING EVIDENCE OF BACKGROUND CHECK. BACKGROUND CHECK IN FILE IS NOT SUFFICIENT IN FORM. PROVIDE BACKGROUND CHECK SUFFICIENT IN FORM	20220323/CA: WAIVED	CF: BOR IS US CITIZEN WHO HAS BEEN LIVING OUTSIDE OF THE US C/F FICO 702 and DSCR 1.19
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT CERTIFICATE OF GOOD STANDING	GOOD STANDING IS UNDATED	20211102/TCP WAIVED- SAME DOC USED FOR 4 OTHER XX ACTIVE GOOD TRU 2022	CF: 761 FICO, document received states business is active and license is good through 2022
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	61 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS	20211220/TCP: WAIVER Approved for 1 day over. CF: only one day over, 760 FICO, 2+ DSCR	Only one day over, 760 FICO, 2+ DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	173 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT. XX MAY APPROVE CREDIT HISTORY DATED PAST 30 DAYS OF LOAN ORIGINATION ON REPEAT BORROWERS.	20211112/TCP WAIVED- XX	Comp Factor: DSCR 1.78 FICO 720+ WAIVED- STRONG BORROWER WITH ICE
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING LEASE AGREEMENT	MISSING LEASE AGREEMENT FOR XX	20211214/TCP: Please waive with XX Consent. XX Approves as  Rent roll ties to the section 8 tenant voucher.	Comp Factors : DSCR 1.58 and Fico score 720+  Pre-screened and approved by XX on the front-end. ( Approved by XX )
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	91 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211208/TCP: WAVIER APPROVAL - 1 day over	CF: Repeat borrower, 1.24 DSCR and only 1 day over limit
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$11,755.91 LIQUIDITY < $14,177.76 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211216/TCP: WAIVER APPROVAL - Repeat borrower of the seller. 742-FICO	Repeat borrower and 742 FICO
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	BACKGROUND CHECK REFLECTS UNSPECIFIED CRIMINAL OFFENSE DATED 2/XX/2006 AND 3/XX/2006	20211119/CA: RECEIVED CONDITIONAL WAIVER "Subject to LOE from the borrower". LOE RECEIVED	CF: Subject to an LOE from the borrowe FICO 802 and DSCR 1.16
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	BACKGROUND CHECK FOR XX REFLECTS UNSPECIFIED CRIMINAL OFFENSES DATED  2/XX/2006, 3/XX/2006	20211119/CA: RECEIVED CONDITIONAL WAIVER "Subject to LOE from the borrower". LOE RECEIVED	CF: FICO 802, offenses were from 2006 and received LOE (both traffic related)
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING CREDIT REPORT	MISSING CREDIT REPORT XX	20220225/TCP WAIVED REPEAT BORROWER UP TO 180 DAYS	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	MAX LOAN AMOUNT	LOAN AMOUNT (MAX): $2,000,000 < $2,530,000. XX APPROVAL REQUIRED.	20211130/CA:WAIVED	Comp Factor: DSCR 0.85 FICO 720+
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	95 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211124/TCP: Please waive with XX Consent. XX Approves aged credit report- Comp Factors: Good FICO with decent DSCR	Comp Factors: Good FICO with decent DSCR : Note that the max for a repeat borrower is 180-days. Approval is subject to due dilgience
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING PAYOFF STATEMENT	MISSING PAYOFF STATEMENT	20211116/TCP: Please waive with XX Consent. XX Approved in lieu of rescind	CF: FICO-740, DSCR-1.79
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LEASE AGREEMENT	MINIMUM RENT $700 REQUIRED FOR SINGLE FAMILY PROPERTIES. RENTS ON 24 OF 25 PROPERTIES ARE LESS THAN $700/MONTH	20220207/TCP: WAIVER APPROVAL-Partner loan to XX. Approved by XX. 794 FICO and 1.45 DSCR	794 FICO and 1.45 DSCR
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT LEASE AGREEMENT	LEASES IN FILE USED FOR DSCR PURPOSES ARE EXPRIED AND DO NOT SHOW MONTH TO MONTH LANGUAGE	20220401/CA: WAIVED	CF: Given the initial lease was 6+ month term and a new 6+ month lease is required 30 days post-closing. 791 FICO 1.51 DSCR
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LEASE AGREEMENT	GROSS RENT IS BELOW $750, WAIVER IN FILE	20220211/TCP:WAIVED-Partner loan to XX & XX. 794 FICO and 1.80 DSCR	794 FICO and 1.80 DSCR
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$196,720.58 LIQUIDITY < $208,479.89 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211129/CA:TCP WAIVED AS ONLY $1200 SHORT	CF: 62.08 LTV where max is 75. Only 1200 short of liquidity
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	75% LTV > 70% MAX ALLOWED. XX APPROVAL REQUIRED (1.04 DSCR)	20211217/TCP: Please waive with XX Consent. XX Approves as 1.34 DSCR and the borrower has excellent liquidity	1.34 DSCR and the borrower has excellent liquidity
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	105 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS XX	20211110/TCP: Please waive with XX Consent. XX Approved subject to DD validating the 6-day old statement. CF: Only 6 days over, LTV 10% below max, 750 FICO	Only 6 days over, LTV 10% below max, 750 FICO
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	93 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220107/TCP: WAIVER APPROVAL - 756-FICO and 1.53 DSCR	756-FICO and 1.53 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	93 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220107/TCP: WAIVER APPROVAL - 756-FICO and 1.53 DSCR	756-FICO and 1.53 DSCR
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF CREDIT REPORT	93 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220111/TCP: WAIVER APPROVAL-1.92 DSCR. One time waiver for 3-days aged Credit Report	1.92 DSCR. One time waiver for 3-days aged Credit Report
XX	XX	GUIDES	CREDIT	B	B	INELIGIBLE CONDO	AS PER CONDO QUESTIONAIRE THE HOMEOWNERS ASSOCIATION HAS BEEN NAMED AS PARTY TO LITIGATION. XX APPROVAL REQUIRED.	20211111/TCP: please note that XX is comfortable with the attached letter and is okay waiving the remaining exception.	Comp Factor: DSCR 1.12 FICO 720+ Attorney Letter provided
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$10824.13  LIQUIDITY < 29778.67 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20220120/TCP: CA, Qualifying payment here is $3,218.74 x 6 months plus $842.06 from HUD gives us a total needed of $20,154.50. Okay to waive as borrower is short less than $200.	Comp Factors : DSCR 1.36 and fico score 720+ CA, Qualifying payment here is $3,218.74 x 6 months plus $842.06 from HUD gives us a total needed of $20,154.50. Okay to waive as borrower is short less than $200. ( Approved by XX )
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	BACKGROUND CHECK REFLECTS SEVERAL FELONIES WITH NO EXPLANATION. NOT ALLOWED PER XX GUIDELINES.	20211206/TCP: WAIVER APPROVAL - LOE, 737 FICO & 1.41 DSCR	LOE, 737 FICO & 1.41 DSCR
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	62 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS	20211217/TCP: Please waive with XX Consent. XX Approves- Comp Factors-743 FICO and +3.0 DSCR	743 FICO and +3.0 DSCR
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING BACKGROUND CHECK	MISSING COMPREHENSIVE BACKGROUND CHECK	20211112/TCP: Borrower doesn’t have any record for foreclosure. As you see XX is very clear with only 4 pages. XX approves this XX please clear finding.	Borrower doesn’t have any record for foreclosure. As you see XX is very clear with only 4 pages. XX approves this BG please clear finding. DSCR 1.35
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING BANK STATEMENTS	MISSING ONE MONTH BANK STATEMENT FOR THRIFT SAVING PLAN.	20220124/TCP: EMAIL RECEIVED WITH XX APPROVING USE OF TSP ACCOUNT LETTER	CF: APPROVED TO USE OF TSP ACCOUNT LETTER EMAIL; FICO 746 AND DSCR 1.50
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT HAZARD INSURANCE POLICY	$ 562,000.00 HAZARD INSURANCE COVERAGE < $900,000.00 MINIMUM REQUIRED. PROVIDE ADDITIONAL COVERAGE	20220322/CA: COMBINED POLICIES OFFER $XX OF DWELLING COVG. FICO 779; LOT VALUE $200K; XX APPROVES	FICO 779; LOT VALUE $200K
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT CONDO QUESTIONAIRE	CONDO QUESTIONNAIRE DOES NOT SHOW EVIDENCE OF PLANNED CAPITAL RESERVE	20211014/TCP WAIVED. CF: 50 LTV < MAX 70, 2+ DSCR, THE 7-LOANS IN AGGREGATE DO NTO EXCEEED 2 MM	50 LTV < MAX 70, 2+ DSCR, THE 7-LOANS IN AGGREGATE DO NTO EXCEEED 2 MM
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	97% LTV > 75% MAX ALLOWED. XX APPROVAL REQUIRED. THE INITIAL POST CLOSE REVIEW HAD VERY LIMITED POST CLOSING DOCS IN FILE BUT THE DOCUMENTS INCLUDED INDICATED A LOAN AMOUNT OF $XX	20211209/CA:TCP experienced borrower and high DSCR 1.41x	Experienced borrower and high DSCR 1.41x
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$43403.05 LIQUIDITY < $53103.50 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20210506/TCP WAIVED	Comp Factor: DSCR 1.39 FICO 720+
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	$11,361.00 UNPAID JUDGMENT ON BACKGROUND REPORT  > $3,000.00 MAXIMUM	20211116/TCP: Please waive, XX approves XX as judgment is greater than 10yrs old	CF: XX approves XX as judgment is greater than 10yrs old FICO 768 and DSCR 10.80
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	BACKGROUND CHECK REFLECTS UNSPECIFIED CRIMINAL OFFENSES DATED 3/XX/2011. MISSING PROOF OF THE NATURE OF THE OFFENSE(S)	20211116/TCP: Please waive, XX approves BG with unspecified criminal offenses which 10yrs old	CF: 768 FICO and 70 LTV where max is 75
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT OCCUPANCY CERTIFICATE	MISSING NON-OWNER OCCUPANCY CERT	20211230/CA: WAIVED	Comp Factor: DSCR 1.54 FICO 720+
XX	XX	GUIDES	CREDIT	B	B	AGE OF BACKGROUND CHECK	91 DAYS AGE OF BACKGROUND CHECK > 90 DAYS MAX ALLOWED. PROVIDE UPDATED BACKGROUND CHECK.	20211227/CA: WAIVED	Comp Factors ; DSCR 2.28 and Fico Score 720+
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	91 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211227/CA: RECEIVED	CF: FICO SCORE:800, DSCR: 2.28
XX	XX	GUIDES	CREDIT	B	B	MAX LOAN AMOUNT	$4,735,000.00 LOAN AMOUNT > $2.0 MILLION MAXIMUM LOAN AMOUNT. APPROVAL REQUIRED	20211214/CA: WAIVED	CF: DSCR 1.13 and FICO 781
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING HAZARD INSURANCE POLICY	MISSING MASTER CONDO INSURANCE.	20211216/CA: WAIVED	Comp Factors - DSCR 1.26 and Fico 720+
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT CONDO QUESTIONAIRE	INCOMPLETE CONDO QUESTIONAIRE. THE QUESTIONAIRE IN FILE DOES NOT ANSWER WHETHER CAPITAL RESERVES ARE AVAILABLE FOR 1 OR 2 YEARS	20211227/CA: WAIVED	CF: The condo questionnaire form that was provided is the FNMA form.  This form does not require that the HOA confirm how long the capital reserves are available for but does ask whether the HOA maintains separate accounts for operating and reserve funds and whether appropriate controls are in place.  The questionnaire for the subject property responded positively to both of these questions and would meet FNMA requirements.  Toorak guidelines as of the time this loan closed allowed for use of the Toorak questionnaire as well as the FNMA form.
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING OPERATING AGREEMENT	MISSING OPERATING AGREEMENT XX (XX) TO PROVE ACCESS TO FUNDS IN BANK ACCOUNT USED FOR LIQUIDITY	20211230/CA: WAIVED	Comp Factors ; DSCR 1.17
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	BACKGROUND CHECK REFLECTS UNSPECIFIED CRIMINAL OFFENSES DATED (NOT SPECIFIED). MISSING PROOF OF THE NATURE OF THE OFFENSE(S)	20211227/CA: WAIVED	CF: FICO-736, DSCR: 1.67
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT CONDO QUESTIONAIRE	INCOMPLETE CONDO QUESTIONNAIRE, DOES NOT ADDRESS WHETHER SINGLE ENTITY OWNS >25% TOTAL UNIT.	20211227/CA: WAIVED	CF: DSCR 1.67 and FICO 736
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT NOTE	INSUFFICIENT NOTE. NOTE INDICATES ADJUSTABLE RATE MORTGAGE, BUT DOES NOT INCLUDE LANGUAGE FOR A LIFETIME MAXIMUM RATE	20220414/TCP: Lack of caps and lifetime max was agreed to by borrower and is a benefit to the lender.  740 FICO, LTV 20% below max 20220414/CA: WAIVED	CF: The Note as well as the Amendment to the Note was signed by the borrower, both of which did not include lifetime maximum rate.
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	BACKGROUND CHECK REFLECTS THREE UNSPECIFIED CRIMINAL OFFENSES THAT ARE NOT DATED. MISSING PROOF OF THE NATURE OF THE OFFENSE(S)	20210818/TCP WAIVED. LOE STATES TRAFFIC RELATED	CF: 783 FICO and 1.42 DSCR
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF CREDIT REPORT	103 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211202/TCP: Please waive with XX Consent. Allowed for a repeat borrower up to 180-days	Allowed for a repeat borrower up to 180-days
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	80% LTV > 70% LTV MAX ALLOWED DUE TO CONDO ONLY MEETING MIN REQUIREMENT WITH INVESTOR PERCENTAGE. XX APPROVAL REQUIRED	20211208/TCP: please waive with CF: High DSCR 1.27x and good FICO 703.	High DSCR 1.27x and good FICO 703
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	93 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220323/CA:TCP WAIVED:BASED ON LIQUIDITY TO COVER FULL AMT OF JUDGEMENTS AND 60% LTV	LIQUIDITY TO COVER FULL AMT OF JUDGEMENTS AND 60% LTV
XX	XX	GUIDES	CREDIT	B	B	INSUFFICENT LEASE AGREEMENT	$735 MO. LEASE < $750 MINIMUM REQUIRED PER XX. CLIENT EXCEPTIONAL APPROVAL IN FILE INDICATING APPROVAL BASED ON 2.22X DSCR	20211118/TCP- WAIVED- Mitigants: large portfolio deal and above 2.00 DSCR	Large portfolio deal and above 2.00 DSCR
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING HAZARD INSURANCE POLICY	MISSING EVIDENCE OF HAZARD INSURANCE	20210924/CA: TCP WAIVED HAZARD SINCE HOA PAYS WALL OUT HAZARD. RENT LOSS COV INCLUDED IN MASTER POLICY	HOA PAYS WALL OUT HAZARD. RENT LOSS COV INCLUDED IN MASTER POLICY
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT HAZARD INSURANCE POLICY	HAZARD INSURANCE DATES ARE INSUFFICIENT - HAZARD INSURANCE PROVIDED WAS NOT EFFECTIVE AT THE TIME OF LOAN DISBURSEMENT. HAZARD INSURANCE EFFECTIVE DATE IS 10/XX/2021, DISBURSEMENT DATE IS 10/XX/2021.	20211111/TCP: RECEIVED XX WAIVER CONDITIONAL UPON: XX to indemnify TCP should a claim be made, which is attributed to a non-coverage date	CF: FICO-731, DSCR-1.20
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT NOTE	MISSING NOTE: NOTE IN FILE SHOWS MONTHLY P&I PAYMENT AS $1,207.28 INSTEAD OF $1,207.27	20211215/TCP: Please waive. XX comfortable with Note being over what is owed.	CF: XX comfortable with Note being over what is owed. FICO 720+ and DSCR 1.33
XX	XX	GUIDES	CREDIT	B	B	AGE OF BANK STATEMENTS	71 DAYS AGE OF BANK STATEMENTS > 60 DAYS MAX ALLOWED. PROVIDE UPDATED BANK STATEMENTS	20211206/TCP: PLEASE WAIVE	Comp factors - XX approved waiver here. Strong DSCR and borrower has great liquidity.
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$48110.15 LIQUIDITY < $59,749.47 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20211122/TCP: Please waive below exception. CF - 1.19 DSCR, 720 FICO, 80 LTV.	CF - 1.19 DSCR, 720 FICO
XX	XX	GUIDES	CREDIT	B	B	BACKGROUND FLAG	BACKGROUND CHECK REFLECTS UNSPECIFIED CRIMINAL OFFENSES WHICH ARE ALSO UNDATED. MISSING PROOF OF THE NATURE OF THE OFFENSE(S)	20211215/TCP: Please waive with XX approval. Strong FICO borrower	Comp Factor: DSCR 1.27 FICO 720+
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING BACKGROUND CHECK	MISSING BACKGROUND CHECK FOR ADDITIONAL MEMBERS SUCH THAT AT LEAST 51% OF THE BORROWING ENTITY IS REPRESENTED	20211217/TCP: WAIVER Approval contingent on having a current credit report	Comp Factors : DSCR 1.40 and fico score 720+  Borrower is a bail recovery agent (bounty hunter), licensed for 27 years - bail license attached. As such, similar to law enforcement or judges, his background cannot be run through LexusNexus in an effort to protect his identity Approval contingent on having a current credit report ( Approved by XX )
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING BACKGROUND CHECK	MISSING BACKGROUND CHECK	20211216/TCP: WAIVER APPROVAL - Borrower has been a licensed Bounty Hunter for 27-years.	CF: FICO-777,DSCR-1.42
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT HAZARD INSURANCE POLICY	HAZARD INSURANCE DATES ARE INSUFFICIENT AS POLICY EXPIRES ON 3/XX/2022. GUIDELINES REQUIRE AT LEAST TWO MONTHS OF FUTURE COVERAGE ON A REFINANCE.	20220228/TCP WAIVED- Seller has been advised of the risks should the loan board with an expired policy and no renewal form	Comp factors - Seller has been advised of the risks should the loan board with an expired policy and no renewal form; FICO score =720+
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	104 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220228/TCP WAIVED FOR REPEAT BORROWER UP TO180DAYS	Repeat borrower
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT HAZARD INSURANCE POLICY	HAZARD INSURANCE DATES ARE INSUFFICIENT AS THE POLICY EXPIRES ON 4/XX/2022. GUIDELINES REQUIRE MINIMUM OF TWO MONTHS COVERAGE DURING CLOSING	20220308/CA:TCP WAIVED AS THEY HAVE TO WAIT UNTIL LATE MARCH TO GET IT RENEWED	CF: 746 FICO and 1.51 DSCR, LTV 70 where max is 75, loan closing with escrows and force placed insurance managed by Toorak subservicer
XX	XX	MISSING DOCS	CREDIT	B	B	BACKGROUND FLAG	BACKGROUND CHECKS REFLECTS STRONG ARMED ROBBERY AND POSSESSION OF VARIOUS DRUG TYPES. LOE IN FILE	20220228/TCP WAIVED WE RECEIVED LOX AND PARDON FROM PAROLEE BOARD	CF: Pardon doc dated 1/14/2019 by State of SC dept of probation, parole and pardon services received after request for pardon completed by City of Charleston Police Department on borrower's behalf
XX	XX	MISSING DOCS	CREDIT	B	B	MISSING BACKGROUND CHECK	MISSING BACKGROUND CHECK.	20220303/CA: WAIVED	CF: borrower is a bail Bondsman. (same security category as a judge or politician, these get blocked in Lexis Nexis). Credit Report available within 180 days. Good FICO777 and DCSR 1.67
XX	XX	MISSING DOCS	CREDIT	B	B	AGE OF CREDIT REPORT	96 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20220218/TCP WAIVED FOR REPEAT BORROWER UP TO 180 DAYS	Repeat borrower
XX	XX	MISSING DOCS	CREDIT	B	B	INSUFFICIENT CONDO QUESTIONAIRE	PER CONDO QUESTIONAIRE- REFLECTS, A RESTRICTION IN THE ABILITY TO RENT SHORT TERM. PER GUIDELINES IS NOT ALLOWED.	20220304/CA: TCP WAIVED; LONG -TERM RENTAL	Comp Factor: 793 FICO and 60% LTV, Condo specifies that the restriction is that the condo cannot be rented out on a short-term basis. Not an issue for our borrower as he will be renting it out long-term.
XX	XX	GUIDES	CREDIT	B	B	AGE OF CREDIT REPORT	97 DAYS AGE OF CREDIT REPORT > 90 DAYS MAX ALLOWED. PROVIDE UPDATED CREDIT REPORT.	20211122/TCP: WAIVER APPROVED FOR AGED CREDIT REPORT	CF: Maximum for a repeat borrower is 180 days. DSCR 1.32 and FICO 720+
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	78.95% LTV > 75% MAX ALLOWED. XX APPROVAL REQUIRED	20211112/CA:Please waive with XX Consent. XX Approved subject to DD. CF: Borrower has owned the property since 2013, experienced investor in subject location, 3+ DSCR	Borrower has owned the property since 2013, experienced investor in subject location, 3+ DSCR
XX	XX	GUIDES	CREDIT	B	B	MAX LTV	70 % AILTV >65%  MAX ALLOWED. XX APPROVAL REQUIRED	20220314/CA:XX APPROVED WAIVER	CF: 1.57 DSCR, repeat borrower of originator, value supported by appraisal review
XX	XX	GUIDES	CREDIT	B	B	INSUFFICIENT LIQUIDITY	$26,347.93 LIQUIDITY < $27,076.32 MINIMUM REQUIRED. PROVIDE ADDITIONAL ASSETS.	20220308/TCP WAIVED- BORROWER RECEIVED $XX CASH OUT IN ADDITION TO 10% ALLOWED TO BE USED FOR LIQUIDITY AND DIFFERENCE IS $XX	CF: Borrower received $XX cash out, in addition to the 10% allowed for use in the liquidity calculation. Difference is only $XX- Approved by JK in Post close