EX-99.48 49 ex99-48.htm EVOLVE EXCEPTION DETAIL REPORT

 

EFMT DEPOSITOR LLC ABS-15G

Exhibit 99.48

 

 

Exception Detail
Run Date - 12/16/2024 4:30:31 PM
Evolve Loan ID Customer Loan ID Seller Loan ID Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory Exception Exception Detail Exception Information Exception Remediation Compensating Factors Follow-up Comments Cleared Date Cured Date Waived Date Exception Level Grade Exception Level Rating Note Date Property State Occupancy Purpose Overall Initial Loan Grade Overall Final Loan Grade Credit Initial Loan Grade Credit Final Loan Grade Compliance Initial Loan Grade Compliance Final Loan Grade Property Initial Loan Grade Property Final Loan Grade Originator QM ATR Status TPR QM ATR Status Is Curable
1429314 XXXX XXXX 6938576 319 XXXX Credit UW Assets   UW Assets - UW - Seller Credit exceeds limit   missing XXXX of assets Guidelines do not require deposits to be sourced.  XXXXX documentation received is acceptable   Reviewer 09/08/2022 10:02 PM; Provide documentation of the source of $XX,XXX deposited into XXXXX account #XXXX on X/X/XX

 Client 09/12/2022 12:29 PM; We don’t source large deposits on XXXX loans

 Reviewer 09/12/2022 06:04 PM; Guidelines do not require deposits to be sourced.  XXXXX documentation received is acceptable

09/12/2022     A 1 XXXX LA 3 1 C   A   C   A   N/A N/A A   A     Exempt 1
1431768 XXXX XXXX 6947794 897 XXXX Compliance Compliance   Compliance - TRID CD- Other   Page X and X of the XXXXX XX dated XX/XX are missing. Information provided   Reviewer 12/07/2022 10:51 AM; Duplicate

12/07/2022     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 6947795 902 XXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.           01/26/2023     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 6947797 901 XXXX Compliance Compliance   Compliance - TRID Other   The XXXX XXXX XXXX is missing from file. Information provided   Reviewer 10/28/2022 09:58 AM; SSPL provided is not within X days of the X/XX application date.

12/07/2022     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 6948566 920 XXXX Compliance Compliance   Compliance - TRID-Missing Final CD   Pages X and X of X of the XXXXX signed XXXXX XXXX dated XX/XX/XXXX were not found in the file. XXXXX complete copy. Information provided   Reviewer 12/07/2022 10:51 AM; CD uploaded. XXXXX, page X of X is still missing.

 Reviewer 12/12/2022 07:03 PM; Nothing provided

 Client 01/16/2023 08:22 PM; Final XX uploaded

 Reviewer 01/17/2023 06:49 AM;

 Reviewer 01/17/2023 09:44 AM; Hello, XX provided is a XXXX. XXXXX missing page X of the closing XX dated X/XX/XXXX. XXXX is needed for testing. XXXXX you

 Reviewer 01/17/2023 11:08 AM; Still need page X of X of the XX/XX XX.

 Client 01/17/2023 05:48 PM; All pages from the XX dated X.XX.XX have been uploaded

 Reviewer 01/18/2023 06:53 AM;

 Reviewer 01/18/2023 12:56 PM; Hello, XXX'd page X

01/18/2023     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 6950863 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   Exception XX% XXX as borrower is XXXXX time homebuyer with no housing history, lives rent free   exception granted: over XX% XXX, XXXXX time homebuyers, with $XX,XXX reserves. XX business for X years as XXXX XXX. XXXX XXXX in business for X years        09/09/2022 B 2 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 6951025 384 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Self-Employment status required   Satisfactory evidence of XXX% ownership of self employment for XXXX XXXX XXXX XXXXX with XXXX XXXXX XXX, and has been self employed for at least X years received   Reviewer 12/06/2022 07:13 PM; The document received from the accountant does not reflect XXXX is XXX% owner and does not reflect X years self employment as reflected on the XXXX

12/12/2022     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 6951026 384 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Self-Employment status required   Satisfactory evidence of XXX% ownership of self employment for XXXX XXXXX XXXX with XXXX, and has been self employed for at least X years     Reviewer 12/06/2022 07:14 PM; The document received from the accountant does not reflect XXXX is XXX% owner

12/12/2022     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 6951027 384 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Self-Employment status required   Borrower XXXX XXXXX XXXX to supply satisfactory XXXX XXXX XXXX XXXXX received     10/27/2022     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 6951028 384 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Self-Employment status required   Borrower  XXXX XXXX XXXX XXXXX to supply satisfactory XXXX XXXX XXXX XXXXX received     10/27/2022     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 6951043 433 XXXX Credit UW Assets   UW Assets - UW - Short funds to close   Supply satisfactory evidence of funds to close of $XX,XXX.XX for XX day period, within XX days of XXXX date X/XX- XXX large deposits to be sourced and documented. received   Reviewer 09/09/2022 07:05 PM; Funds verified in XXX account #XXXX = $XX,XXX and #XXXX = $XXX.  XXXX funds to close is not sufficient and is short $XX,XXX

12/06/2022     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 6951044 434 XXXX Credit UW Assets   UW Assets - UW - Shorts Funds for Reserves   X months reserves to be documented for XX days within XX days of closing X/XX received     12/06/2022     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 7049120 973 XXXX Compliance Compliance   Compliance - CD- Other   Need evidence of receipt for the XX/XX/XXXX XX. Information provided   Client 01/24/2023 07:27 PM; Hello, X/XX/XX is the cd included with the loan documents at closing.  X/XX/XX is the final XX.  XX are not required to have the final XX signed by the borrower and the final XX is sent by mail, I do not have tracking information for it.

 Reviewer 01/25/2023 06:39 AM;

 Reviewer 01/25/2023 09:25 AM; Hello, XXXX upload an XXX to the file. XXX you saying that the X/XX XX is a XXXX and not provided to the XXXXX at closing?  XXXX affects how it is input into XXXX XXXX and how it is tested and we need a clear explanation so we know how to run it. XXXXX you!

 Client 01/25/2023 06:05 PM; A XXX for the XX has been uploaded.

 Reviewer 01/26/2023 06:46 AM;

 Reviewer 01/26/2023 09:25 AM; per XXX X/XX XX is a XXXX- need evidence of $XXXX.XX refund to borrower

 Reviewer 01/26/2023 09:26 AM; The XXX has been reviewed and the deficiency  has been updated. XX X/XX XX is the XXXX proof of the refund to borrower is needed.

Thanks
XXXX

 Client 01/30/2023 02:19 PM; Check and XXX uploaded.

 Reviewer 01/30/2023 04:00 PM;

 Reviewer 01/30/2023 04:21 PM; need evidence of $XXXX.XX refund to borrower - need evidence borrower received refund (tracking can provided)

 Reviewer 01/30/2023 04:48 PM;

 Client 01/31/2023 05:20 PM; Tracking uploaded.

 Reviewer 02/01/2023 06:48 AM;

 Reviewer 02/01/2023 12:52 PM;

02/01/2023     A 1 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1431768 XXXX XXXX 7058841 1061 XXXX Compliance Compliance   Compliance - TRID Fee Tolerance Violation cured more than 60 days post consummation               02/01/2023 B 2 XXXX TX 1 1 C   B   C   B   C   B   A   A     Non-QM 1
1432760 XXXX XXXX 6949753 322 XXXX Credit UW Credit   UW Credit - UW - Credit - Minimum FICO   Minimum FICO is 640; borrowers are at 630   The exception to use Borrower 1 score of 630 as FICO was granted with the following compensating factors: 37% LTV; 5 years in subject property; SE 15 years (50/50 owners) and consolidating all debts.       08/16/2022 B 2 XXXX AZ 1 13 C   B   C   B   A   A   A   A     Non-QM 1
1432839 XXXX XXXX 7122649 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   Exception needed for two year self employment history.   Exception provided: Good reserves at COE, Prior realestate ownership for 3 years, AA Credit history.         08/16/2022 B 2 XXXX CA 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1432839 XXXX XXXX 7122650 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   Exception needed for 12 months satisfactory housing history.  No prior housing payment history leading to large payment increase.   Exception provided: Good reserves at COE, Prior realestate ownership for 3 years, AA Credit history.         08/16/2022 B 2 XXXX CA 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1432839 XXXX XXXX 7122651 351 XXXX Credit UW Qualifications   UW Qualifications - UW - DTI exceeds maximum limit   Exception DTI Over 45% with interest only payments   Exception provided: Good reserves at COE, Prior realestate ownership for 3 years, AA Credit history.         08/16/2022 B 2 XXXX CA 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1441767 XXXX XXXX 6978712 852 XXXX Credit Hazard Insurance   Hazard Insurance - H06 Policy required when master policy does not provide walls-in coverage   HOX policy XXX is missing. (XXXXX paid at closing and XXX is escrowed.)     Reviewer 10/27/2022 08:39 AM; HOX policy has not been provided

11/08/2022     A 1 XXXX FL 3 13 C   B   C   B   N/A N/A C   B     Exempt 1
1441767 XXXX XXXX 6978713 868 XXXX Credit Hazard Insurance   Hazard Insurance - Other:   Property is an attached condominium. A XXXXX XXX XXXX XXXX is required. Information provided     10/27/2022     A 1 XXXX FL 3 13 C   B   C   B   N/A N/A C   B     Exempt 1
1441767 XXXX XXXX 6979770 327 XXXX Credit UW Credit   UW Credit - UW - Satisfactory 12 mth Rental   Missing XXXX XX months XXXX XXXXX for primary residence from the original images. received     10/26/2022     A 1 XXXX FL 3 13 C   B   C   B   N/A N/A C   B     Exempt 1
1441767 XXXX XXXX 6979771 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   Six XXXX XXXX XXXX XXXXX is required.   The exception for rent loss insurance was granted with the following compensating factors: XXXX in the amount of $XX,XXX; XXXX over X; XXXX XXX and steady employment.       10/19/2022 B 2 XXXX FL 3 13 C   B   C   B   N/A N/A C   B     Exempt 1
1441767 XXXX XXXX 6979772 271 XXXX Valuation UW Collateral   UW Collateral - UW - Collateral not acceptable/warrantable   High XXXX XXXX are not acceptable for the state of XXXXX.   The exception for the property as a XXXX XXXX XXXXX was granted with the following compensating factors: XXXX in the amount of $XX,XXX; XXXX over X; XXXX XXX and steady employment.       10/19/2022 B 2 XXXX FL 3 13 C   B   C   B   N/A N/A C   B     Exempt 1
1441767 XXXX XXXX 6979773 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   Missing rent loss coverage as indicated on the approval and exception form.           10/26/2022 B 2 XXXX FL 3 13 C   B   C   B   N/A N/A C   B     Exempt 1
1447774 XXXX XXXX 6994148 959 XXXX Credit Closing Package   Closing Package - IEADS Initial Escrow Account Disclosure Missing or Incorrect   IEADS initial balance of $XXXX.XX does not match amount of $XXXX.XX from final settlement statement. Information provided   Client 01/17/2023 10:21 PM; Uploaded XXXXX, XXX, and XXXXX payment letter

 Reviewer 01/18/2023 06:53 AM;

 Reviewer 01/18/2023 01:00 PM; Hello, XXXX have been cleared. XXXXX you!

01/18/2023     A 1 XXXX FL 3 13 C   A   C   A   N/A N/A A   A     Exempt 1
1447774 XXXX XXXX 6994887 328 XXXX Credit UW Credit   UW Credit - UW - Satisfactory 12 mth Mortgage   Satisfactory evidence of most recent XX month mortgage history for subject property with XXXX XXXX XXXXX received     12/01/2022     A 1 XXXX FL 3 13 C   A   C   A   N/A N/A A   A     Exempt 1
1616582 XXXX XXXX 7094347 72 XXXX Credit Closing Package   Closing Package -    File is missing the XXXX''''s approval. XXXX provide for review. Information provided   Reviewer 06/13/2024 08:37 AM; Exception form was provided.  XXXX loan approval

07/02/2024     A 1 XXXX SC 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1616582 XXXX XXXX 7094374 1108 XXXX Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.     CDA provided.     07/16/2024     A 1 XXXX SC 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1616582 XXXX XXXX 7094378 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   Subject private mortgage payments from X/XX-X/XX was added to payoff. XXXXX history has not been met   Exception approval received/ XXXX XXXXX - XX% XXX, XXXX X.XXX%, subject is under a XXXX term lease.       06/12/2024 B 2 XXXX SC 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1616582 XXXX XXXX 7094379 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   X months XXXX of reserves not met   Exception approval received/ XXXX XXXXX - XX% XXX, XXXX X.XXX%, subject is under a XXXX term lease.       06/12/2024 B 2 XXXX SC 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1616582 XXXX XXXX 7094381 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   Rural properties not permitted   Exception approval received/ XXXX XXXXX - XX% XXX, XXXX X.XXX%, subject is under a XXXX term lease.       06/12/2024 B 2 XXXX SC 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1625869 XXXX XXXX 7113050 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX amount XXXX does not meet XXXX minimum   Exception granted: XXXXX credit repayment, XXXXX XXXXX XXX year history with no lates.  XXXXX employment as XXXXX for XX years, with likelihood of continued income flow.       09/25/2024 B 2 XXXX TN 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1625869 XXXX XXXX 7113051 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX XXXXX investor must own primary for a minimum of XXX months, borrower recent primary purchased XX months ago   Exception granted: XXXXX credit repayment, XXXXX XXXXX XXX year history with no lates.  XXXXX employment as XXXXX for XX years, with likelihood of continued income flow.       09/25/2024 B 2 XXXX TN 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1625869 XXXX XXXX 7113052 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX reserves of XX months is short required XX months reserves   Exception granted: XXXXX credit repayment, XXXXX XXXXX XXX year history with no lates.  XXXXX employment as XXXXX for XX years, with likelihood of continued income flow.       09/25/2024 B 2 XXXX TN 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1625869 XXXX XXXX 7113053 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX length of employment as attorney was used as XX years for a compensation factor towards exceptions.  XXXXX was not provided.  XXXXX satisfactory evidence borrower has been an attorney for XX years received documentation as attorney for XX years     10/04/2024     A 1 XXXX TN 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1626460 XXXX XXXX 7114563 351 XXXX Credit UW Qualifications   UW Qualifications - UW - DTI exceeds maximum limit   XXXX XXXX XXXX for fixed income borrowers. XXX senior management signature or exception in file.   received exception approval/ compensating factors - XXXX XXXXX reserves XXXXX XXXX term ownership in subject property, well maintained.       10/07/2024 B 2 XXXX MA 1 13 C   B   C   B   A   A   A   A     Higher Priced QM (APOR) 1
1626462 XXXX XXXX 7114564 357 XXXX Credit UW Qualifications   UW Qualifications - UW - Cash Back Exceeds Limit   XXXXX back to borrower exceeds max limit of XXXX XXXXX back to borrower is XXXXX   The exception was granted for cash back exceeding the maximum of XXXX with the following compensating XXXX borrower is XXX years self-employed, and a seasoned property investor, perfect credit with a XXXX score.        10/02/2024 B 2 XXXX CA 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1626463 XXXX XXXX 7114565 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX cash out on XXXXX is XXXX   Compensating XXXXX XXX years self-employed; XXXXX property investor; XXXX credit/mortgage history.       10/07/2024 B 2 XXXX CA 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1626465 XXXX XXXX 7114566 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   satisfactory evidence of borrowers sole income for XXXXX & XXXXX (joint returns provided with combined XXX XXXX wages were from borrower only required Jointly filed borrowers are both on the loan and qualified together. XXXXX not counted twice.   Client 10/03/2024 03:15 PM; Jointly filed borrowers are both on the loan and qualified together. XXXXX not counted twice. XXXX regarding the issue with how this was processed. XXXXX clear or provide additional clarity regarding this finding. XXXX

 Reviewer 10/03/2024 03:52 PM; Condition has been reviewed. XXXX you

10/03/2024     A 1 XXXX CA 1 1 C   B   C   A   C   B   A   A     Non-QM 1
1626465 XXXX XXXX 7114567 899 XXXX Compliance Compliance   Compliance -  Finance Charge is Understated by more than $100   XXXX charge understated XXXX  XXXXX provide evidence of refund along with XXXX to borrower and XXXXX reflecting refund. PCCD and refund provided   Reviewer 10/07/2024 10:02 AM; No documentation provided

 Client 10/07/2024 12:22 PM; Hello, compliance is requesting a copy of your calculation/compliance report for additional review of the refund amount. XXXX you.

 Reviewer 10/07/2024 12:35 PM;

 Reviewer 10/08/2024 11:04 AM; Hello
XXXX compliance test has been uploaded.

XXXXX

 Client 10/08/2024 06:07 PM; Compliance is looking for additional clarification. XXXXX clarify why we cant just refund the amount in excess of XXXX XXXX you.

 Reviewer 10/08/2024 07:41 PM;

 Reviewer 10/09/2024 12:21 PM; Hello
XXX the loan is understated by greater than XXXX the entire amount needs to be refunded.

 Client 10/10/2024 03:12 PM; The tie-in fee was not marked as an XXXX fee. XXX will be providing the borrower a XXXXX and refund of XXXX XXXXX confirm if this is sufficient. XXXX you.

 Reviewer 10/10/2024 03:15 PM;

 Reviewer 10/10/2024 03:20 PM; Hello
XXXX that will suffice and cover the XXXX that is understated.

XXXX

  10/15/2024   B 2 XXXX CA 1 1 C   B   C   A   C   B   A   A     Non-QM 1
1626469 XXXX XXXX 7114569 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX XXXX report for XXXXX and coborrower XX (co borrower XX provided) received fraud reports for all borrowers     10/03/2024     A 1 XXXX KY 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1626470 XXXX XXXX 7114570 351 XXXX Credit UW Qualifications   UW Qualifications - UW - DTI exceeds maximum limit   XXXX exceeds guideline of XXXX XXX XXXXX XXXX XXXX balance XXXX was not paid at close or documented in file as having a XXXX balance. XXXX included in ratios results in XXXX of XXXXX XXXX XXXX accounts with balance > XXXX must be included in ratios. received documentation with XXXX balance and accounts are duplicates     10/09/2024     A 1 XXXX MO 1 13 C   A   C   A   A   A   A   A     Non-QM 1
1626471 XXXX XXXX 7114572 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX XXXX sqft required. XXXX property is XXXX sqft.   Compensating XXXXX XXX file since XXXX XXXXX after close - XXXXX XXXXX income XXXX XXXXX job time XXXXX years); XXXXX residence time XXXX years); good mortgage history.       10/07/2024 B 2 XXXX HI 2 1 C   B   C   B   A   A   A   A     Safe Harbor QM (APOR) 1
1626473 XXXX XXXX 7114574 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.           10/14/2024     A 1 XXXX GA 1 1 C   B   C   A   C   B   A   A     Non-QM 1
1626473 XXXX XXXX 7114575 898 XXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   XXXXX is failing XXX tolerance for the increase in the XXXXX XXXX in XXXX XX of final XXXXX  XXXX amount is XXXXX XXXXX a XXXXX with cure, lox to borrower, and proof of refund, all within XXX days of consummation.     Client 10/07/2024 12:41 PM; Recording fees stand on their own in the XXXX if borrower shopped. XXXX initial XXX baseline for recording fees was XXXX x XXXX = XXXX making our XXXX threshold XXXX XXXX recording charges totaled XXXX XXX are within the XXXXX as established by the XXX baseline. XXXX you.

 Reviewer 10/07/2024 01:40 PM;

 Reviewer 10/08/2024 11:12 AM; Hello
XXXXX is for zero tolerance and the baseline does not include the recording fees.  XXX disclosed XXXXX for transfer taxes and the XXX disclosed XXXXX  XXXXX taxes/stamps are zero tolerance.  XXXXX of refund is required. 

XXXX

  10/14/2024   B 2 XXXX GA 1 1 C   B   C   A   C   B   A   A     Non-QM 1
1626473 XXXX XXXX 7114576 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXX of proceeds from XXXXX are missing from this file. XXXX needed to verify the proceeds of the bridge loan. XXXX was previously utilized Bridge loan XXX was received     10/04/2024     A 1 XXXX GA 1 1 C   B   C   A   C   B   A   A     Non-QM 1
1626474 XXXX XXXX 7114577 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX time property investors must own primary residence > XXX months.   Compensating factors: XXXX XXXXX with XX years excellent credit. XXXX down payment, XXXXX > XXXX       10/08/2024 B 2 XXXX MS 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1626474 XXXX XXXX 7114578 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX history XXXXX   Compensating factors: XXXX XXXXX with XX years excellent credit. XXXX down payment, XXXXX > XXXX       10/08/2024 B 2 XXXX MS 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1626474 XXXX XXXX 7114579 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX loan amount XXXXX   Compensating factors: XXXX XXXXX with XX years excellent credit. XXXX down payment, XXXXX > XXXX       10/08/2024 B 2 XXXX MS 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1626474 XXXX XXXX 7114580 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX funds not permitted on investment properties.   Compensating factors: XXXX XXXXX with XX years excellent credit. XXXX down payment, XXXXX > XXXX       10/08/2024 B 2 XXXX MS 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1626475 XXXX XXXX 7114581 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXX properties must contain a minimum of XXXX square feet of gross living area   Exception granted for XXXX sq ft condo unit.  XXXX XXXX for loan program. XXXX credit, no derogatory credit on credit report. XXX mortgage payment history. XXXX debt ratio & XXXXX cash reserve level       10/04/2024 B 2 XXXX HI 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1626475 XXXX XXXX 7114582 437 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete Verbal VOE   XXXXX within XXX days of funding is missing from this file for XXXX XXXX XXXX XXX for employer XXXXX XXXX XXXX XXXX XXXXX XXXX XXX authorized XXXXX employee must orally verify all sources of employment (wage earner) either orally or by email before loan documents are signed but no more than XXX days prior to loan funding for wage earners) received XXX day XXXX   Client 10/08/2024 03:46 PM; Employment verifications uploaded. XXXX you.

 Reviewer 10/08/2024 04:47 PM; TWN dated XXXXX was not within XXX business days of the XXXXX date XXXXX

 Reviewer 10/08/2024 04:49 PM; Condition has been reviewed. XXXX you

10/09/2024     A 1 XXXX HI 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1626475 XXXX XXXX 7114583 437 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete Verbal VOE   XXXXX within XXX days of funding is missing from this file for XXXX XXXX XXXX XXX for employer XXXX XXXX & XXXXX XXXX XXXX XXXXX XXXX XXX authorized XXXXX employee must orally verify all sources of employment (wage earner) either orally or by email before loan documents are signed but no more than XXX days prior to loan funding for wage earners) received XXX day XXXX   Reviewer 10/08/2024 04:47 PM; VVOE dated XXXXX was not within XXX business days of the XXXXX date XXXXX

10/09/2024     A 1 XXXX HI 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1626475 XXXX XXXX 7114584 437 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete Verbal VOE   XXXXX dated within XXX days of funding is missing from this file for XXXX XXXX XXXX XXX for employer XXXX of XXXX XXXX XXXXX XXXX XXX authorized XXXXX employee must orally verify all sources of employment (wage earner) either orally or by email before loan documents are signed but no more than XXX days prior to loan funding for wage earners) received XXX day XXXX   Reviewer 10/08/2024 04:47 PM; VVOE dated XXXXX was not within XXX business days of the XXXXX date XXXXX

10/09/2024     A 1 XXXX HI 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1626475 XXXX XXXX 7114585 438 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing pay stub   XXXXX recent XXXXX to XXXXX paystub from XXXX XXXX XXXX supporting XXXXX monthly. received pay stub     10/07/2024     A 1 XXXX HI 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1626475 XXXX XXXX 7114586 439 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing W2s   XXXXX XXXX for XXXXX & XXXXX from XXXX XXXX XXXXX supporting XXX transcripts received XXXXX     10/07/2024     A 1 XXXX HI 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1626475 XXXX XXXX 7114587 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXXXX income worksheet for repayment income form XXXX XXXX XXXX supporting XXXX received income worksheet using XX months XXXX even though only XX months in XXXXX worked XXXX - XXXXX     10/07/2024     A 1 XXXX HI 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1626475 XXXX XXXX 7114588 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX loan underwriting analysis to complete income section describing total income of XXXXX in repayment, only two of three employments noted XXXX of XXXX XXXXX and XXXXX XXXX XXXX while XXXXX was used for repayment Borrower primary jobs are the XXXX of XXXX and XXXXX XXXXX XXXX XXXX used to be her primary job but now she is only on on-call status. XXXX provided.   Reviewer 10/07/2024 09:52 PM; Provide further clarification of borrower's employment with XXXX XXXX XXXX XXXX XXXX dated XXXXX reflects XXXX # hours worked is XX every pay period at XXXXX per hour. XXXX XXXX voe dated XXXXX reflects avg hours worked is XX per every pay period.

 Client 10/08/2024 03:45 PM; Borrower primary jobs are the XXXX of XXXX and XXXXX XXXXX XXXX XXXX used to be her primary job but now she is only on on-call status.

 Reviewer 10/08/2024 04:49 PM; Condition has been reviewed. XXXX you

10/08/2024     A 1 XXXX HI 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1626476 XXXX XXXX 7114593 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX the final approval. Approval provided    Client 10/11/2024 06:06 PM; There are two leases in the file, one for XXXXX and another for XXXX totaling XXXXX XXXX appraisal came in at XXXXX XXX used the lower of the XX figures to calculate the XXXXX ratio which came in at XXXXX XXXX

 Reviewer 10/13/2024 10:52 AM; Condition has been addressed. XXXX you

10/13/2024     A 1 XXXX UT 3 13 D   A   D   A   N/A N/A A   A     Exempt 1
1626476 XXXX XXXX 7114594 447 XXXX Credit UW Income/Employment   UW Income/Employment - UW - 2yr Employment history not verified   XXXXX > XXXXX requires employment to be listed. XXXXX loan application with employment information completed. Guideline reads: XXXXX employer information (not income) is only required on the XXXXX for XXXXX XXXXX XXXX be waived at underwriter discretion.    Client 10/09/2024 01:11 PM; Guideline reads: XXXXX employer information (not income) is only required on the XXXXX for XXXXX XXXXX XXXX be waived at underwriter discretion. XXXXX is XXXXX XXXX you.

 Reviewer 10/09/2024 01:42 PM; Condition has been reviewed. XXXX you

10/09/2024     A 1 XXXX UT 3 13 D   A   D   A   N/A N/A A   A     Exempt 1
1626478 XXXX XXXX 7114595 201 XXXX Credit Hazard Insurance   Hazard Insurance - is missing.   XXXXX provide for review. Information provided     10/04/2024     A 1 XXXX OR 1 13 C   B   C   B   A   A   A   A     Non-QM 1
1626478 XXXX XXXX 7114596 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX shock  XXXX XXXX purchased with cash, owned free and clear XXXX shock > XXXX   Compensating XXXXX XXXX XXXXX credit history paid XXX post XXXX > XX months XXXXX reserves.       10/02/2024 B 2 XXXX OR 1 13 C   B   C   B   A   A   A   A     Non-QM 1
1626455 XXXX XXXX 7122652 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX evidence departing residence does not have XXXX dues for property located at XXXXX XXXX XXX received appraisal showing not a XXX     10/08/2024     A 1 XXXX MO 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1626455 XXXX XXXX 7122653 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX XXX for bridge loan evidencing mtg with XXXX XXX was paid clearing XXXX funds to borrower for property located at XXXXX XXXX XX received bridge XX     10/08/2024     A 1 XXXX MO 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1626456 XXXX XXXX 7122654 868 XXXX Credit Hazard Insurance   Hazard Insurance - Other:   XXXXX provide policy number. Information provided     10/10/2024     A 1 XXXX CA 1 1 C   B   C   B   A   A   C   A     Non-QM 1
1626456 XXXX XXXX 7122655 270 XXXX Valuation UW Collateral   UW Collateral - UW - Satisfactory 2nd Appraisal Report   XXXXX appraisal was not provided. received XXXX XXXXX appraisal     10/03/2024     A 1 XXXX CA 1 1 C   B   C   B   A   A   C   A     Non-QM 1
1626456 XXXX XXXX 7122656 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXXX loan closing disclosure was not provided. received bridge loan XX     10/02/2024     A 1 XXXX CA 1 1 C   B   C   B   A   A   C   A     Non-QM 1
1626456 XXXX XXXX 7122657 322 XXXX Credit UW Credit   UW Credit - UW - Credit - Minimum FICO   XXXXX amounts over XXXX require XXXX XXXXX XXXXX has a XXXX XXXX   Compensating XXXXX XXX mortgage history; XXXX XXXX XXXX XXXXX residual income XXXXX XXXXX assets XXXX       10/01/2024 B 2 XXXX CA 1 1 C   B   C   B   A   A   C   A     Non-QM 1
1626456 XXXX XXXX 7122658 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX shock max XXXXX with management approval, but may be considered if departing is free and clear.   Compensating XXXXX XXX mortgage history; XXXX XXXX XXXX XXXXX residual income XXXXX XXXXX assets XXXX       10/01/2024 B 2 XXXX CA 1 1 C   B   C   B   A   A   C   A     Non-QM 1
1626480 XXXX XXXX 7114599 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXX final XXXX XXXXX for bridge loan. received bridge XXX with net XXXXX     10/10/2024     A 1 XXXX MI 1 1 D   A   D   A   A   A   A   A     Non-QM 1
1626480 XXXX XXXX 7114600 437 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete Verbal VOE   XXXX XXXXX for XXXX received XXX day XXXX     10/10/2024     A 1 XXXX MI 1 1 D   A   D   A   A   A   A   A     Non-QM 1
1626480 XXXX XXXX 7114601 437 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete Verbal VOE   XXXX XXXXX for XXXXX received XXX day XXXX     10/10/2024     A 1 XXXX MI 1 1 D   A   D   A   A   A   A   A     Non-QM 1
1626482 XXXX XXXX 7114602 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXX listing on XXXX XXXX XXXX     XXXXX XXXX listing on XXXX XXXX XXXXX    XXXXX XXXXX XXXXX approval to trail XXX days on fie. XXXX review shows XXXXX appraisal shows XXXX XXXX is transferred from XXXXX    XXXXX XXXXX XXXX XXXXX > XXXXX XXXXX reserves, XXXXX use of credit.       10/04/2024 B 2 XXXX CA 1 1 C   B   C   B   A   A   A   A     Higher Priced QM (APOR) 1
1626484 XXXX XXXX 7122659 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXX XXXXX XXXX paystub missing from file. YTD earnings are on the XXXX spread in file. XXXXX XXXX statements with the XXXXX    Client 10/10/2024 01:28 PM; BX is self employed, XXXX statements were used for income. XXXX

 Reviewer 10/10/2024 02:31 PM; Per XXXXX XXXXX XXXXX is as XXXX attorney qualifying with an average of XXXXX XXXXX and XXXX earnings. XXXX you

 Client 10/10/2024 03:08 PM; YTD earnings are on the XXXX spread in file. XXXXX XXXX statements with the XXXXX XXXX

 Reviewer 10/10/2024 03:53 PM; Condition has been reviewed. XXXX you

10/10/2024     A 1 XXXX CA 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1626484 XXXX XXXX 7122660 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXX XXXXX within XXX days of close missing from file received XXX day XXXX     10/10/2024     A 1 XXXX CA 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1626484 XXXX XXXX 7122661 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXX XXXXX within XXX days of close missing from file received XXX day XXXX     10/10/2024     A 1 XXXX CA 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1626485 XXXX XXXX 7114607 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX used to calculate XXXXX must be lesser of actual lease rents or market rents. XXXXX rents from appraisal used to calculate XXXX   Compensating factors: XXXX investors, XXXX in reserves after close.        09/26/2024 B 2 XXXX CA 3 1 C   B   C   B   N/A N/A C   B     Exempt 1
1626485 XXXX XXXX 7114608 272 XXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   XXXX full appraisal missing from file. XXXXX require XX full appraisals for loan amounts > XXXX XXXX loan amount XXXX   exception approval received for lack of XX full appraisals/ XXXXX factors: XXXX investors, XXXX in reserves after close.        10/06/2024 B 2 XXXX CA 3 1 C   B   C   B   N/A N/A C   B     Exempt 1
1626485 XXXX XXXX 7114609 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXX XXX expired. XXX driver license expired XXXXX Borrower doesn't have any alerts that would require verification with a copy of the XX   Client 10/10/2024 03:57 PM; Borrower doesn't have any alerts that would require verification with a copy of the XXXXX XXXX you.

 Reviewer 10/10/2024 04:19 PM; Condition has been reviewed. XXXX you

10/10/2024     A 1 XXXX CA 3 1 C   B   C   B   N/A N/A C   B     Exempt 1
1626486 XXXX XXXX 7114615 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXX XXXXX   DEVIATION: XXXXX with XXXXX XXXX    XXXXX XXXXX XXXXX on jobs for XX years, pride in ownership of primary for XX years, XXXX abusers of credit, XXXX of XXXX with no derogatory, XX mortgage open paid XXX XXX months       09/30/2024 B 2 XXXX UT 2 1 C   B   C   B   A   A   A   A     Non-QM 1
1626486 XXXX XXXX 7114616 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXX XXXX must be deferred at least XXXX   DEVIATION: XXXX XXXX deferred less than XXXXX    XXXXX XXXXX XXXXX on jobs for XX years, pride in ownership of primary for XX years, XXXX abusers of credit, XXXX of XXXX with no derogatory, XX mortgage open paid XXX XXX months        09/30/2024 B 2 XXXX UT 2 1 C   B   C   B   A   A   A   A     Non-QM 1
1626486 XXXX XXXX 7114617 389 XXXX Credit UW Credit   UW Credit - UW - Fraud Alert documentation   XXXX XXXX second home property XXXX is less than XXX miles from the borrower's current residence. XXX explanation in file.   Exception approval received for location of XXXX home/ XXXXX XXXXX XXXXX on jobs for XX years, pride in ownership of primary for XX years, XXXX abusers of credit, XXXX of XXXX with no derogatory, XX mortgage open paid XXX XXX months Reviewer 10/01/2024 07:12 AM; Motivation letter required as second home vs investment

    10/07/2024 B 2 XXXX UT 2 1 C   B   C   B   A   A   A   A     Non-QM 1
1626487 XXXX XXXX 7114620 445 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Other income documentation missing/incomplete   XXXXX XXXXX XXXX from XXXX XXXXX XXXXX XXXXX to verify XXXX for investment property located at XXXXX XXXXX XXXX XXXX XXXXX to verify this information for the rental income utilized for this transaction. Schedule XX method was used to determine rental income for this property investment   Client 10/04/2024 05:27 PM; Used XXXXX XX method to determine rental income for this property investment. XXXX you.

 Reviewer 10/07/2024 06:21 AM; Condition has been reviewed. XXXX you

10/07/2024     A 1 XXXX UT 1 1 D   A   D   A   A   A   A   A     Non-QM 1
1626490 XXXX XXXX 7114621 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX history XXXX not met.  XXXX residence is free and clear   Exception granted: XXXX mortgage was paid as agreed and closed XXXXX XXXXX XXXX XXXX mortgages paid as agreed, XXXXX XXXX       10/10/2024 B 2 XXXX OR 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1626490 XXXX XXXX 7114622 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX income XXXX XXXX exceeded. XXXXX approved with XXXXX XXXX Loan XXXXX XXXX XXXXX   Client 10/11/2024 10:43 AM; DTI is under XXXX XXXX XXXX

 Reviewer 10/11/2024 01:25 PM; Condition has been reviewed. XXXX you

10/11/2024     A 1 XXXX OR 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1626490 XXXX XXXX 7114623 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX loan XXX  evidencing XXXX XXXXX and proceeds of XXXX for departing residence at XXXXX XXXX XXXX CD provided XXXXX XXXXX     10/10/2024     A 1 XXXX OR 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1626492 XXXX XXXX 7114626 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX out for reserves requires a XXXX XXXX   Compensating factors: XXX file since XXXX XXXXX reserves, residual income XXXX good job time, good residence time.       10/10/2024 B 2 XXXX WA 1 13 C   B   C   B   A   A   A   A     Non-QM 1
1626492 XXXX XXXX 7114627 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XX XXXX requires a minimum XXXX XXXX   Compensating factors: XXX file since XXXX XXXXX reserves, residual income XXXX good job time, good residence time.       10/10/2024 B 2 XXXX WA 1 13 C   B   C   B   A   A   A   A     Non-QM 1
1626492 XXXX XXXX 7114628 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XX XXXX requires a minimum XXXX XXXXX for cash out   Compensating factors: XXX file since XXXX XXXXX reserves, residual income XXXX good job time, good residence time.       10/10/2024 B 2 XXXX WA 1 13 C   B   C   B   A   A   A   A     Non-QM 1
1626492 XXXX XXXX 7114629 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXXXX within XXX days of funding missing from file. received XXX day XXXX     10/10/2024     A 1 XXXX WA 1 13 C   B   C   B   A   A   A   A     Non-QM 1
1626495 XXXX XXXX 7114631 319 XXXX Credit UW Assets   UW Assets - UW - Seller Credit exceeds limit   XXXX XXX seller concessions for XXXXX  XXXX for XXX seller concessions on XXXX purchase.   Compensating XXXXX XXXX for XX years; XXXX XXXXX with mortgage paid XXX for XXX months; XXXX an abuser of credit; XXXXX assets.       10/03/2024 B 2 XXXX TX 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1626496 XXXX XXXX 7114632 962 XXXX Compliance Appraisal   Appraisal - FEMA Disaster   disaster cert is required Information provided   Reviewer 10/14/2024 12:20 PM; FEMA has not yet issued an incident end date.  XXXXX end date is issued a disaster cert issued after end date will be required.

10/18/2024     A 1 XXXX SC 1 1 C   A   A   A   C   A   A   A     Non-QM 1
1626497 XXXX XXXX 7114634 862 XXXX Compliance Deed of Trust/Mortgage   Deed of Trust/Mortgage - Other:   XXXXX reflects incorrect XXXXX XXXXX provide updated XXXXX of XXXX with the county corrected to XXXXX per legal description. XXXXX include XXXX to re-record.     Reviewer 10/04/2024 03:29 PM; Received the correct XXXX  XXXX need XXXX to re-record

 Client 10/07/2024 10:47 AM; Hi, this was the deed that was recorded. XXXXX was caught and corrected before closing per the settlement agent. XXXX

 Reviewer 10/07/2024 11:23 AM;

 Reviewer 10/07/2024 11:48 AM; Hello
XXXXX has been cleared.

XXXX

10/07/2024     A 1 XXXX OH 1 1 C   B   C   B   C   A   A   A     Non-QM 1
1626497 XXXX XXXX 7114635 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXXX primary housing XXXXX XXXX XXXXX primary housing and low reserves on condo questionnaire calling it XXX condo   Low ltv, fico XXXX with no derogatory credit, not an abuser of credit and nice collateral.       10/04/2024 B 2 XXXX OH 1 1 C   B   C   B   C   A   A   A     Non-QM 1
1626497 XXXX XXXX 7114636 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX loan amount XXXX required. loan approved by XXX XXXX XXXX ltv, fico XXXX with no derogatory credit, not an abuser of credit and nice collateral.   Client 10/04/2024 05:22 PM; Loan details of loan approval state senior management approved file at XXXX XXXX XXXXX is approval of the loan amount. XXXX you.

 Reviewer 10/07/2024 06:20 AM; Condition has been reviewed. XXXX you

10/06/2024     A 1 XXXX OH 1 1 C   B   C   B   C   A   A   A     Non-QM 1
1626497 XXXX XXXX 7114637 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX XXXX XXXX XXXX XXX XXXXX XXXXX approval in file.   Exception allowed for no primary housing/payment shock. XXXXX XXXXX XXXX XXXXX XXXXX XXXX with no derogatory credit, not an abuser of credit and nice collateral. Client 10/04/2024 05:23 PM; Loan approval reflects exception approval for no primary housing, the cause of borrower's pay shock. XXXX you.

 Reviewer 10/06/2024 01:41 PM; the loan approval received did not include any maximum payment shock exception

 Reviewer 10/07/2024 06:20 AM; Condition has been reviewed. XXXX you

    10/07/2024 B 2 XXXX OH 1 1 C   B   C   B   C   A   A   A     Non-QM 1
1626498 XXXX XXXX 7114640 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX program requires XX active tradelines.   Compensating factors: low ltv, all mortgages XXXXX XXXXX XXX with no derogatory tradelines or credit events, experienced investor, primary owned since XXXX       10/03/2024 B 2 XXXX TX 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1626500 XXXX XXXX 7114641 262 XXXX Valuation UW Collateral   UW Collateral - UW -  Appraisal Report Missing   XXXXX amount over XXXX requires two appraisal.  XXXXX second appraisal required for loan amount of XXXXX Xnd appraisal provided.     10/04/2024     A 1 XXXX WA 1 1 D   B   C   B   A   A   D   A     Safe Harbor QM (APOR) 1
1626500 XXXX XXXX 7114642 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXXX loan proceeds to show net proceeds of XXXX to borrower evidencing two liens XXXXX XXXX and XXXX XXXX lien XXXX paid. XXXXX provided does not correctly show funds to borrower) received bridge loan XX     10/04/2024     A 1 XXXX WA 1 1 D   B   C   B   A   A   D   A     Safe Harbor QM (APOR) 1
1626500 XXXX XXXX 7114643 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX shock exceeds XXXX   Exception granted: XXXX shock XXX approved with good pride of ownership, living in primary over XXX years, good collateral, good assets, XXXX XXXXX       10/03/2024 B 2 XXXX WA 1 1 D   B   C   B   A   A   D   A     Safe Harbor QM (APOR) 1
1626500 XXXX XXXX 7114644 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX amount exceeds XXXX requires XXX XXXXX approval   Exception granted: XXXXX amount XXXX  XXXXX evidenced good pride of ownership, living in primary over XXX years, good collateral, good assets, XXXX XXXXX       10/03/2024 B 2 XXXX WA 1 1 D   B   C   B   A   A   D   A     Safe Harbor QM (APOR) 1
1626500 XXXX XXXX 7114645 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX income borrowers max XXXX of XXXX has been exceeded.   Exception approval received/ good pride of ownership, living in primary over XXX years, good collateral, good assets, XXXX XXXXX XXXXX XXXX XXXXX income XXXX       10/07/2024 B 2 XXXX WA 1 1 D   B   C   B   A   A   D   A     Safe Harbor QM (APOR) 1
1626501 XXXX XXXX 7114646 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX payment shock XXXX   Compensating factors: XXXX collateral, excellent credit, not a credit abuser, XXXX down payment, no derrog on credit, XXXX XXXX       10/09/2024 B 2 XXXX UT 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1626503 XXXX XXXX 7114647 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX schedule missing received XXX     10/08/2024     A 1 XXXX GA 3 1 C   A   C   A   N/A N/A A   A     Exempt 1
1626504 XXXX XXXX 7114648 437 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete Verbal VOE   XXXXX for borrower was not completed.  XXXX and date missing. received XXXX     10/09/2024     A 1 XXXX UT 2 1 D   A   D   A   A   A   A   A     Safe Harbor QM (APOR) 1
1627024 XXXX XXXX 7116453 353 XXXX Credit UW Qualifications   UW Qualifications - UW - LA/CLA exceeds Max. Limit   XXXX minimum loan amount is XXXX  XXXX loan amount is XXXXX   Compensating XXXXX  XXXX XXXX of XXXXX mortgage history for XXX years; seasoned homeowner and investor       10/23/2024 B 2 XXXX IL 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1627029 XXXX XXXX 7116455 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX history not met XXXX XX trade lines, at least XX active for XX years.  XXXXX reporting XX active tradeline, and XXXX primary   Exception granted: XXXX XXXXX XXXX housing XXXXX XXX previous tradelines all paid as agreed, XXXXX in reserves, XXXX term ownership.        10/18/2024 B 2 XXXX LA 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1627030 XXXX XXXX 7116456 72 XXXX Credit Closing Package   Closing Package -    XXXX XXXX XXXX was not found in the file. XXXX XXXXX Information provided     10/22/2024     A 1 XXXX MD 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1627030 XXXX XXXX 7116457 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXXXX must own primary to utilize XXXX XXXXX XXXXX income on refinance investments. XXXXX rents primary residence.   Compensating XXXXX XXXXX XXXXX ownership, high XXXXX with verification of XXXX  XXXX rents and current listing, XXXXX time credit history with only isolated incident, XX properties owned historically.        10/22/2024 B 2 XXXX MD 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1627032 XXXX XXXX 7116458 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXX final closing disclosure for bridge loan. received bridge XXX with proceeds of XXXXX     10/14/2024     A 1 XXXX CA 1 1 C   A   C   A   A   A   A   A     Safe Harbor QM (APOR) 1
1627036 XXXX XXXX 7116465 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX loan amount XXXX   Compensating XXXXX XXXX XXXX XXXXX XXXX with XX mortgages reporting paid XXX for XXX months, not abuser of credit Reviewer 10/21/2024 10:43 AM; Loan amount XXXX

    10/21/2024 B 2 XXXX AR 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1627038 XXXX XXXX 7116467 321 XXXX Credit UW Credit   UW Credit - UW - Credit - Insufficient   XXXX borrower credit report. document provided    Reviewer 10/22/2024 08:47 PM; File returned to XXX for review of credit report

10/23/2024     A 1 XXXX NC 3 1 C   A   C   A   N/A N/A A   A     Exempt 1
1627039 XXXX XXXX 7116469 272 XXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   XXXX for appraisal with marketing time over XX months.   Compensating XXXXX XXXXX score XXXXX XXXXX credit XXXXX XXXXX reports XXXXX       10/24/2024 B 2 XXXX ID 3 13 C   B   A   A   N/A N/A C   B     Exempt 1
1627040 XXXX XXXX 7116470 272 XXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   XXXX not in XXXX and requires approval to use appraisal. received management approval for use of appraisal/ XXXXX XXXX - XXXX XXXXX reserves XXXXX score XXXXX experienced investor,      10/20/2024     A 1 XXXX HI 3 1 C   A   A   A   N/A N/A C   A     Exempt 1
1627041 XXXX XXXX 7116471 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX payment shock for XXXX > XXXX XXXXX   Compensating factors: XXX credit and mortgage history, longtime property ownership in the XXXXX area, longtime employment history for XXXXX at same company       10/21/2024 B 2 XXXX NV 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627042 XXXX XXXX 7116472 343 XXXX Credit UW Other   UW Other - UW - Missing Terms of Second   XXXXX approval on file to trail XXXXX   Compensating XXXXX XXXX XXXXX stable employment, XX months XXXXX reserves       10/24/2024 B 2 XXXX WA 1 1 D   B   D   B   A   A   A   A     Safe Harbor QM (APOR) 1
1627044 XXXX XXXX 7116473 961 XXXX Valuation Appraisal   Appraisal - FEMA Disaster Re-certification Required   XXXX subject property was in a disaster area and the XXXX effective date was before the incident date. XXXXX provide XXXX Information provided   Client 10/22/2024 06:22 PM; Hi, XXXXX county is not listed as an individual assistance designated disaster area. XXXX

 Reviewer 10/23/2024 05:23 AM;

 Reviewer 10/23/2024 04:52 PM; Hello
XXXX county of XXXXX was listed in the disaster for XXXXX XXXX

XXXXX

 Reviewer 10/25/2024 11:00 AM; A XXXXX certification is allowed with the following required information: XXXX XXXX XXXXX XXXX must be executed by an employee who will not receive direct compensation for this subject property XXXX XXXXX certification must include the following  a) XXXXX reflect that an acceptable inspection of the property was completed  b) XXXXX reflect loan number or XXXX loan number  c) XXXXX be on the XXXX letterhead or a certification of property

10/29/2024     A 1 XXXX FL 3 1 C   A   A   A   N/A N/A C   A     Exempt 1
1627046 XXXX XXXX 7116476 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXXXX statements contain blacked out items.  XXXX unmarked XXXX statements for review. XXXX XXXXX provided.     10/28/2024     A 1 XXXX CA 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1627047 XXXX XXXX 7116477 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX requires XXXXX history XXXXX   Compensating factors: XXX file since XXXX XXXXX assets after close, XXXX term at residence, experienced investor, XXXXX > XXXXX       10/11/2024 B 2 XXXX CA 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1627047 XXXX XXXX 7116478 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX XXXXX XXXXX missing from file. XXXX in file, visa is missing. Received expired visa however, the extension in file is good through XXXXX     10/17/2024     A 1 XXXX CA 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1627047 XXXX XXXX 7116479 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX XXXXX at XXXX XXX Rural property approval reflected on loan approval.    Client 10/14/2024 05:28 PM; Rural property approval reflected on loan approval. XXXX you.

 Reviewer 10/15/2024 05:36 AM; Condition has been addressed. XXXX you

10/14/2024     A 1 XXXX CA 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1627055 XXXX XXXX 7116490 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXXX approval is required for all XXXXX loans. XXXX loan approval is missing XXXXX XXXXX approval. Bridge loan approval by XXX XXXXX received     10/29/2024     A 1 XXXX MD 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627055 XXXX XXXX 7116491 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXX closing disclosure for bridge loan was not provided. Received final XXX for bridge loan     10/29/2024     A 1 XXXX MD 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627055 XXXX XXXX 7116492 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX evidence property utilized for bridge loan is not located in a rural area.  XXXX properties are not eligible for bridge loan.   Exception approval received/ XXXXX XXXX - XXXX XXXXX XXX years credit depth, residual income XXXX XXXXX XXXX       10/29/2024 B 2 XXXX MD 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627056 XXXX XXXX 7116500 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXXX XXXXX received XXXX verify     10/29/2024     A 1 XXXX IL 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1627091 XXXX XXXX 7116546 29 XXXX Valuation Appraisal   Appraisal - is missing   XXXXX provide appraisal for review. Information provided     10/30/2024     A 1 XXXX TX 1 1 C   A   A   A   A   A   C   A     Non-QM 1
1627027 XXXX XXXX 7122662 447 XXXX Credit UW Income/Employment   UW Income/Employment - UW - 2yr Employment history not verified   XXXXX of the XXXX self-employment as a realtor was not provided. received google search for XXXXX employment as a realtor     10/25/2024     A 1 XXXX CA 1 1 D   A   D   A   A   A   A   A     Non-QM 1
1627035 XXXX XXXX 7122663 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX evidence XXXXX home mortgage with XXXX XXX of XXXX monthly, includes escrow for XXXX (confirming no lot rent) and insurance, for property located at XXXXX XX XXXXX XXXXX received mortgage statement including escrows     10/17/2024     A 1 XXXX AZ 1 1 C   A   C   A   C   A   C   A     Non-QM 1
1627035 XXXX XXXX 7122664 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXXXX noted XXXX letter confirming borrower ownership of XXXX in both business's XXXXX XXXXX XXXX XXXX and XXXX XXXX with no loss reported in past two years. received XXXX letter     10/15/2024     A 1 XXXX AZ 1 1 C   A   C   A   C   A   C   A     Non-QM 1
1627035 XXXX XXXX 7122665 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXXX verify received XXXX verify     10/15/2024     A 1 XXXX AZ 1 1 C   A   C   A   C   A   C   A     Non-QM 1
1627035 XXXX XXXX 7122666 272 XXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   XXXXX XXXXX approval required due to subject property located along a dirt road and considered XXXX per guidelines. Received XXX XXXXX approval for rural property/ XXXXX XXXX - XXX years credit depth, score XXXXX XXX years and XX years job history, reserves XXXX     10/17/2024     A 1 XXXX AZ 1 1 C   A   C   A   C   A   C   A     Non-QM 1
1627035 XXXX XXXX 7122667 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information provided     10/29/2024     A 1 XXXX AZ 1 1 C   A   C   A   C   A   C   A     Non-QM 1
1627035 XXXX XXXX 7122668 898 XXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   XXXX tolerance violation for increase in XXXX XXXX without a valid XXXX XXXX tolerance violation of XXXXX XX refund in the amount of XXXXX along with XXXXX XXXX lox to borrower, copy of refund check and proof of delivery required within XXX days from consummation. Information provided   Client 10/25/2024 04:57 PM; A recording fee was added for the borrowers to deed the property to the XXXX trust after the recording of our XXXX XXX should have been handled outside of the closing of our loan. XXXX that we knew about until we investigated the origin of the charge. XXXX you.

 Reviewer 10/27/2024 04:02 PM;

 Reviewer 10/28/2024 04:40 PM; Hello
XXXXX will require a coc to be uploaded to the loan for documentation purposes or evidence or refund to borrower.

XXXXX  

10/29/2024     A 1 XXXX AZ 1 1 C   A   C   A   C   A   C   A     Non-QM 1
1627102 XXXX XXXX 7116591 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX amount XXXX is below XXXX minimum   Exception granted: XXXXX XXXXX mortgage paid as agreed, XXXX XXXX XXX       10/29/2024 B 2 XXXX NM 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1627195 XXXX XXXX 7117441 1006 XXXX Credit UW Approval   UW Approval - UW Approval - 1008 or 92900 LT missing   XXXX XXXX loan approval not provided Received approval     09/06/2024     A 1 XXXX CA 2 13 D   A   D   A   C   A   A   A     Non-QM 1
1627195 XXXX XXXX 7117442 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information provided     09/11/2024     A 1 XXXX CA 2 13 D   A   D   A   C   A   A   A     Non-QM 1
1627195 XXXX XXXX 7117443 898 XXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   XXXXX is failing XXX tolerance for the increase in the XXXXX XXXXX fee on the XXXXX XXXX XXXX is a XXXX for this date but it does not mention this fee increase. XXXX amount is XXXX XXXXX a XXXXX with cure, lox to borrower and proof of refund, all within XXX days of consummation. Information provided     09/11/2024     A 1 XXXX CA 2 13 D   A   D   A   C   A   A   A     Non-QM 1
1627195 XXXX XXXX 7117444 345 XXXX Credit UW Other   UW Other - UW - Occupancy Discrepancy/Misrep   XXXXX home rider signed by borrowers and included with deed. XXXX per mortgage reflected as second home and not investment property. Xnd home rider removed and XXXX unit rider added.   Client 09/09/2024 12:07 PM; Hi, confirming this is a non-owner occupied property. in a previous response to an escalation you said "these have been waived" please confirm which findings are being waived. XXXXX

 Reviewer 09/09/2024 12:38 PM; Hello
XXXX previous response was from compliance as the escalation was regarding a compliance deficiency.  XXXXX will address this one.

XXXX

 Reviewer 09/09/2024 01:21 PM;

10/01/2024     A 1 XXXX CA 2 13 D   A   D   A   C   A   A   A     Non-QM 1
1627242 XXXX XXXX 7117521 437 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete Verbal VOE   XXXXX verbal verification of employment for co borrower received XXXXX for both     10/04/2024     A 1 XXXX FL 3 1 D   A   D   A   N/A N/A A   A     Exempt 1
1627242 XXXX XXXX 7117522 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX XXXXX section of final XXXXX for both borrowers completing XXXXX address, position and dates of employment received XXXXX with employment info     09/25/2024     A 1 XXXX FL 3 1 D   A   D   A   N/A N/A A   A     Exempt 1
1627242 XXXX XXXX 7117523 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXXXX evidence co borrowers education position is paid on full XXX month basis. Co-borrower qualified on XXX income   Client 09/19/2024 02:34 PM; Coborrower qualified on XXX income. thank you.

 Reviewer 09/19/2024 03:38 PM; Condition has been reviewed. XXXX you

09/19/2024     A 1 XXXX FL 3 1 D   A   D   A   N/A N/A A   A     Exempt 1
1627242 XXXX XXXX 7117524 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXX XXXXX to approve XXXXX XXXXX XXXX Approval of high rise condo received from management/ XXXXX XXXX - XXXX XXXXX XXXX collateral in desirable area, XXXX fico, residual income XXXXX     09/25/2024     A 1 XXXX FL 3 1 D   A   D   A   N/A N/A A   A     Exempt 1
1627242 XXXX XXXX 7117525 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX evidence mortgage with XXXX XXX includes full escrows for taxes and insurance for primary residence received mortgage statement     09/19/2024     A 1 XXXX FL 3 1 D   A   D   A   N/A N/A A   A     Exempt 1
1627242 XXXX XXXX 7117526 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   satisfactory evidence primary residence does not have XXXX dues Primary is XXXX per property profile     09/19/2024     A 1 XXXX FL 3 1 D   A   D   A   N/A N/A A   A     Exempt 1
1627242 XXXX XXXX 7117527 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XX months reserve required with XXXX > XXXX XXXXX reserves XXXXX received assets = XXXX including XXXX of retirement account     09/25/2024     A 1 XXXX FL 3 1 D   A   D   A   N/A N/A A   A     Exempt 1
1627248 XXXX XXXX 7117538 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX analysis reflected evidence of roof repairs being completed and contractor paid the amount of XXXXX was to be listed on XXXXX XXXXX  XXXX corrected XXXXX XXX reflecting contractor was paid XXXX Per XXXX there is no actual requirement for this -it's not in our guidelines is a unique situation and this was just our way of covering our bases. XXX know the work was completed which is sufficient.   Client 09/16/2024 03:26 PM; Final settlement statement with seller credit uploaded to file. XXXX

 Reviewer 09/16/2024 04:23 PM; the document received did not include the payment of XXXXX to the contractor for the roof repairs as stated on the loan analysis

 Reviewer 09/16/2024 05:10 PM; Condition has been reviewed. XXXX you

 Client 10/02/2024 02:43 PM; There is no actual requirement for this -its not in our guidelines is a unique situation and this was just our way of covering our bases. XXX know the work was completed which is sufficient. XXXX you.

 Reviewer 10/02/2024 02:59 PM; Condition has been reviewed. XXXX you

10/02/2024     A 1 XXXX KS 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1627289 XXXX XXXX 7122677 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX must have XX credit scores.   Compensating factors: XX years at current residence. XXXXX depth of XXX years, perfect credit.  Reviewer 10/23/2024 11:44 AM; BX has no credit scores

    10/23/2024 B 2 XXXX TN 1 1 C   B   C   B   A   A   C   A     Non-QM 1
1627289 XXXX XXXX 7122678 272 XXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   XXXX of record on XXXX does not match owner of record on title. XXXX updated appraisal with correct owner. Received corrected XXXX with seller's name   Reviewer 10/24/2024 11:18 AM; Property seller is not listed as owner on the appraisal.

10/30/2024     A 1 XXXX TN 1 1 C   B   C   B   A   A   C   A     Non-QM 1
1627302 XXXX XXXX 7117681 896 XXXX Compliance Compliance   Compliance - TRID CD-Timing   XXXX evidence XXXX XXX was rec'd by the borrower at least days prior to consummation date of XXXXX Information provided     10/30/2024     A 1 XXXX FL 2 1 C   A   C   A   C   A   A   A     Non-QM 1
1627302 XXXX XXXX 7117682 902 XXXX Compliance Compliance   Compliance - Pending internal completion of TRID compliance review for disclosure timing and or fee tolerance comparisons.  Additional conditions may apply.     Information provided     10/30/2024     A 1 XXXX FL 2 1 C   A   C   A   C   A   A   A     Non-QM 1
1627302 XXXX XXXX 7117683 350 XXXX Credit UW Qualifications   UW Qualifications - UW - LTV/CLTV does not meet parameters   XXXX XXXX XXXX due to subject located in a declining market. Received approval/  XXXXX XXXX - XXXX XXXXX residual income XXXX XX years in primary     10/30/2024     A 1 XXXX FL 2 1 C   A   C   A   C   A   A   A     Non-QM 1
1627302 XXXX XXXX 7117684 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXXX approval required for subject property located in a declining market. Received approval/  XXXXX XXXX - XXXX XXXXX residual income XXXX XX years in primary     10/30/2024     A 1 XXXX FL 2 1 C   A   C   A   C   A   A   A     Non-QM 1
1627302 XXXX XXXX 7117685 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXX borrower verbal verification of employment required Received XXXX with both names as managers   Client 10/29/2024 01:25 PM; Not using any income from the co-borrower. XXXX

 Reviewer 10/29/2024 03:57 PM; The co-borrower owns XXXX of the business and business accounts utilized to qualify the loan. XXXXX is required to complete employment verification in order to use all assets for income.

 Reviewer 10/29/2024 03:58 PM; The co-borrower owns XXXX of the business and business accounts utilized to qualify the loan. XXXXX is required to complete employment verification in order to use all assets for income.

 Reviewer 10/29/2024 03:58 PM; The co-borrower owns XXXX of the business and business accounts utilized to qualify the loan. XXXXX is required to complete employment verification in order to use all assets for income.

10/29/2024     A 1 XXXX FL 2 1 C   A   C   A   C   A   A   A     Non-QM 1
1627346 XXXX XXXX 7117819 868 XXXX Credit Hazard Insurance   Hazard Insurance - Other:   XXXX XXXXX XXXX XXXXX did not reflect any policy number. XXXXX must reflect a policy number.     Reviewer 10/24/2024 10:50 AM; NO documentation provided

 Client 10/31/2024 04:17 PM; Hi, per the insurance company, the certificate number listed is the policy number. XXXX

 Reviewer 10/31/2024 04:40 PM;

 Reviewer 10/31/2024 04:47 PM; This has been cleared.

XXXX

10/31/2024     A 1 XXXX AL 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1627346 XXXX XXXX 7117820 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information provided     10/23/2024     A 1 XXXX AL 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1627346 XXXX XXXX 7117821 898 XXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   XXXXX is failing XXX tolerance for increase in transfer taxes in XXXX XX of final XXXXX  XXXX amount is XXXXX  XXXXX a XXXXX with cure, lox to borrower, and proof of refund, all within XXX days of consummation. Information provided     10/23/2024     A 1 XXXX AL 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1627346 XXXX XXXX 7117822 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXX of XXXXX XXXXX needed to fulfill the cash to close requirement received bridge XXX proceeds XXXXX     10/20/2024     A 1 XXXX AL 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1627346 XXXX XXXX 7117823 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX XXXXX reflects the purchase XXXXX as XXXX when the contract XXXXX reflected on the XXXX XXXX & XXXX XXX is XXXXX received revised loan approval     10/20/2024     A 1 XXXX AL 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1627421 XXXX XXXX 7117885 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.           11/01/2024     A 1 XXXX MA 1 1 C   B   C   A   C   B   A   A     Non-QM 1
1627421 XXXX XXXX 7117886 898 XXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   XXXXX is failing XXXX tolerance for increase in the XXXX fee in XXXX XX of the final XXXXX  XXXX amount is XXXXX  XXXXX a XXXXX with cure, lox to borrower, and proof of refund, all within XXX days of consummation.     Reviewer 10/24/2024 08:24 AM; On XXXXX XXXX the recording fee was lowered.  XXXX borrowers already paid these monies at closing so it needs to be refunded.  XXXXX provide a XXXX XXXXX changing the recording fee back XXXXX proof of refund to the borrower of XXXXX and XXXX to borrower.  XXXX needs to be provided within XXX days of closing.

 Client 10/24/2024 04:23 PM; Please see final settlement statement with charges borrower paid at closing uploaded. XXXX

 Reviewer 10/24/2024 05:29 PM;

 Reviewer 10/25/2024 10:54 AM; Settlement statement will not clear def. XXXX is not a escrow state.  XXXX cannot be changed after closing. XXXXX is required.

 Reviewer 10/25/2024 03:44 PM; Hello
XXXXX is not a XXX loan and the settlement statement will not cure this.  XXXXX reflecting correct fees is required.

XXXX

 Client 10/25/2024 03:50 PM; Hi, we uploaded the XXXXX correcting the fees, but the reviewer intially stated fees cannot change after closing. XX uploaded the settlement statement to show the fees were not changed after closing, they were what the borrower paid. XXXX XXXXX uploaded reflects the charges the borrower paid on the final settlement statement. XXXX

 Reviewer 10/25/2024 04:20 PM;

 Reviewer 10/28/2024 04:52 PM; ***UPDATE*** XXXXX of XXXX to borrower is required.  XXXX XXX collected XXXX from borrower in error, actual fee was XXXX  XXXXX of XXXX refund is required along with XXXX to borrower.  

 Reviewer 10/28/2024 04:54 PM; Hi XXXXX 
XX refund to the borrower will be required due to them collecting the incorrect funds at closing - evidence of the difference will be required.  XXXXX updated the deficiency to reflect XXXXXX XXXXX of XXXX to borrower is required.  XXXX XXX collected XXXX from borrower in error, actual fee was XXXX  XXXXX of XXXX refund is required along with XXXX to borrower."

XXXX

 Client 10/28/2024 06:58 PM; Hi, XXXXX reflecting correct recording fees the borrower actually paid has been uploaded. XXXX final settlement statement. XXX have done this same process to clear several times in the past. XXXX

 Reviewer 10/28/2024 07:04 PM;

 Reviewer 10/29/2024 04:41 PM; Hello
XXXXX is not an escrow state and closing fees can not change after closing.  XXXX incorrect fee was collected from the borrower at closing.  XXXXX reflects the correct fee amount and difference needs to be refunded to the borrower.

XXXX

 Client 10/30/2024 06:22 PM; We are unsure what the issue is. XXX have provided a XXXXX matching what the borrower was charged at closing per the final settlement statement in file. XXX reiterate, the fees have not changed post closing, the XXXXX provided matches what the borrower was charged on the XXXXX something we have done in the past to clear similar findings. XXXXX clear or escalate further. XXXX you.

 Reviewer 10/30/2024 06:35 PM;

 Reviewer 11/01/2024 11:12 AM; Hello
XXXXX has been cleared.

XXXX

  11/01/2024   B 2 XXXX MA 1 1 C   B   C   A   C   B   A   A     Non-QM 1
1627421 XXXX XXXX 7117887 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXX final closing disclosure for bridge loan. received bridge cd with XXXXX net     10/23/2024     A 1 XXXX MA 1 1 C   B   C   A   C   B   A   A     Non-QM 1
1627585 XXXX XXXX 7118226 961 XXXX Valuation Appraisal   Appraisal - FEMA Disaster Re-certification Required   XXXX subject property was in a disaster area and the XXXX effective date was before the incident date. XXXXX provide XXXX Information provided   Client 10/21/2024 01:24 PM; Hi, please confirm we can order this now. XXXX

 Reviewer 10/21/2024 02:14 PM;

 Reviewer 10/22/2024 03:55 PM; Hi
XXXX this can be ordered.

XXXXX

11/05/2024     A 1 XXXX NC 3 1 C   A   C   A   N/A N/A C   A     Exempt 1
1627585 XXXX XXXX 7118227 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX to clear XXXX XXXX missing from file XXXXX XXXXX XXXX XXXX XXXXX XXXXX XXX received clear XXXX     10/22/2024     A 1 XXXX NC 3 1 C   A   C   A   N/A N/A C   A     Exempt 1
1627585 XXXX XXXX 7118228 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX property requires XXX XXXXX approval Sr XXXXX approval received for rural property. XXXXX XXXX - XXXX XXXX XXXX XXXXX      10/22/2024     A 1 XXXX NC 3 1 C   A   C   A   N/A N/A C   A     Exempt 1
1627848 XXXX XXXX 7118751 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX XXXX XXXXX XXXXX statement worksheet noted two other accounts that were included in repayment, however they were not found.  XXXXX supply business XXXX statements from XXXX for checking xXXaX, and savings xXXaX that were included in calculation worksheet.  (personal ending xXXXX & XXXXX were provided) deposits were transfers from business XXXX acct into personal account.    Client 10/24/2024 06:44 PM; Confirming the XXXX statements related to the XXXX spread are complete. XXXX additional accounts listed were all picked-up by XXXX XXX from the statements. XXXX where. XXXX are no missing statements. XXXX you.

 Reviewer 10/25/2024 09:57 AM; The XXX months business XXXX statements used to calculate the co-borrower's income were not provided. XXXXX personal accounts were provided for asset depletion.

 Reviewer 10/25/2024 09:58 AM; The XXX months business XXXX statements used to calculate the co-borrower's income were not provided. XXXXX personal accounts were provided for asset depletion.

 Reviewer 10/25/2024 09:58 AM; The XXX months business XXXX statements used to calculate the co-borrower''s income were not provided. XXXXX personal accounts were provided for asset depletion.

 Reviewer 10/25/2024 09:58 AM; The XXX months business XXXX statements used to calculate the co-borrower's income were not provided. XXXXX personal accounts were provided for asset depletion.

 Reviewer 10/28/2024 08:25 AM; The same XXXX statements were provided.  XXX months business XXXX statements used to calculate the co-borrower's income were not provided

 Reviewer 11/11/2024 11:05 AM; received XXX months personal XXXX statements that match the income worksheet provided.  XXXXX provide the source of deposits from account XXXXX

 Reviewer 11/11/2024 10:45 PM; Documents provided did not provide the source of deposits from account XXXX

 Client 11/12/2024 11:11 AM; Please clear or escalate further, thank you.

 Reviewer 11/12/2024 02:21 PM; condition cleared.

11/12/2024     A 1 XXXX ID 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627848 XXXX XXXX 7118752 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX fully dated XXXXX XXXXX XXXX dated within XXX days of loan closing for co borrower. (questionnaire provided was not dated) When a XXXX missing is the date, the initial application and document package date is used.   Client 10/21/2024 04:52 PM; When we receive an XXXX missing the date, we use the initial application and document package it arrived with to date the document. XXXX

 Reviewer 10/21/2024 05:28 PM; Condition has been addressed. XXXX

10/21/2024     A 1 XXXX ID 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627848 XXXX XXXX 7118753 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX evidence both taxes and insurance are included in mortgage payment with XXXXX XXXX for departing residence at XXXXX XX XXXXX XX received mortgage statement     10/21/2024     A 1 XXXX ID 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627848 XXXX XXXX 7118754 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX evidence of XXXXX rents of XXXXX monthly for departing residence at XXXXX XX XXXXX XX received XXXXX zestimate     10/21/2024     A 1 XXXX ID 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627848 XXXX XXXX 7118755 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX evidence of XXXX of XXXX / XXXXX quarterly for departing residence at XXXXX XX XXXXX XX received XXX     10/21/2024     A 1 XXXX ID 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627848 XXXX XXXX 7118756 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX evidence taxes and insurance are included in mortgage payment with XXXXX for property located at XXXXX XXXXX XXXXX received mortgage statement     10/21/2024     A 1 XXXX ID 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627848 XXXX XXXX 7118757 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX evidence of no XXXX for property located at XXXXX XXXXX XXXXX received XXX     10/21/2024     A 1 XXXX ID 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1627848 XXXX XXXX 7118758 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX years self employment on current employment for co borrower required   Exception granted: XXXX repayment credit.  XXX derogatory credit , low XXXXX XXXXX residual income, XXXXX cash reserve level        10/21/2024 B 2 XXXX ID 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628045 XXXX XXXX 7119581 961 XXXX Valuation Appraisal   Appraisal - FEMA Disaster Re-certification Required   XXXXX provide the XXXXX XXXXX XXXXX for review. Information provided   Reviewer 10/25/2024 10:43 AM; Escalated for review

 Reviewer 10/25/2024 11:39 AM; Disaster cert does not have photos of the house.  XXXXX a wooded area.  XXXXX of the house for an exterior inspection are required.

 Client 10/28/2024 10:22 AM; Hi, XXXX provided from appraisal company, area surrounding the house is not damaged at all and house is not damaged at all. XXXX

 Reviewer 10/28/2024 10:39 AM;

 Reviewer 10/29/2024 10:37 AM; Hi
XXXX XXXXX inspection requires inspection of the house.  XXXX the report, the appraiser did not inspect the house.  XXXX XXXX uploaded will not cure this finding.  

XXXXX

 Reviewer 11/13/2024 10:38 AM; Please provide correct inspection date.  XXXX was before the home was actually inspected and photographed.

 Client 11/15/2024 10:43 AM; Page XX has updated report date and comments. XXXXX escalate if needed. XXXX

 Reviewer 11/15/2024 11:01 AM; This has been cleared.

XXXX

 Reviewer 11/15/2024 03:32 PM;

11/15/2024     A 1 XXXX NC 1 1 C   A   A   A   A   A   C   A     Non-QM 1
1628674 XXXX XXXX 7120855 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX minimum loan amount is XXXX  XXXX loan amount is XXXXX   Compensating XXXXX XXXX XXXXX borrower is a seasoned investor with several investment properties, XXXX mid XXXXX with a few hiccups, but mortgage history has been well paid for XXXX years.       11/08/2024 B 2 XXXX LA 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628675 XXXX XXXX 7120856 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX XXXXX approval required for XXXX properties Received XXX XXXXX approval for XXXX property. XXXXX XXXX - XXXXX investor with several rental properties, XXXX XXXX XXXX reserves, XXXX XXX     11/10/2024     A 1 XXXX LA 3 13 C   A   C   A   N/A N/A A   A     Exempt 1
1628676 XXXX XXXX 7120857 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX property max is XXXX XXXX XXXXX XXX XXXX exception for XXXX for rural property   Compensating XXXXX XXXX XXXX nice reserves after closing, XXXX XXXX and good overall credit.       11/05/2024 B 2 XXXX VA 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628677 XXXX XXXX 7120858 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXXX XXX from bridge loan for property located at XXXX XXXX XXXX supporting funds to borrower of XXXXX received bridge XX     10/06/2024     A 1 XXXX FL 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1628679 XXXX XXXX 7120860 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX state max XXXX for a borrower qualified with fixed income is XXXXX XXXX loan has a XXXX of XXXXX   Compensating factors: XXXX credit XXXXX is XXXX no derogatory credit on credit report, XXX mortgage payment history (no late payments), XXXX XXXX for loan program, high cash reserves level XXXX after close).        11/14/2024 B 2 XXXX CA 1 1 C   B   C   B   C   A   A   A     Safe Harbor QM (APOR) 1
1628679 XXXX XXXX 7120861 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXX XXXX XXXX XXXXX from XXXXX XXXX CD provided.     11/15/2024     A 1 XXXX CA 1 1 C   B   C   B   C   A   A   A     Safe Harbor QM (APOR) 1
1628679 XXXX XXXX 7120862 898 XXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   XXXX tolerance violation of XXXX due to increase in recording fee with no valid coc.  XXXXX provide evidence of refund along with XXXX to borrower and XXXXX reflecting cure.  XXXX must be issued within XXX days of consummation.     Reviewer 11/15/2024 12:19 PM; No documentation provided

11/20/2024     A 1 XXXX CA 1 1 C   B   C   B   C   A   A   A     Safe Harbor QM (APOR) 1
1628679 XXXX XXXX 7120863 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.           11/20/2024     A 1 XXXX CA 1 1 C   B   C   B   C   A   A   A     Safe Harbor QM (APOR) 1
1628681 XXXX XXXX 7120867 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX XXXX may not have open litigation.   Compensating factors: XXXX XXXXX XXXXX XXXXX in desirable area, well paid mortgage history.       10/01/2024 B 2 XXXX FL 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1628683 XXXX XXXX 7120869 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX of XX months' rent loss XXXX missing from file. XXXX in file reflects XXXXX rent loss. XXXX cert in file reflects XXXXX is max XXXX offers. XX months' rent loss requires per guidelines. approval received for < XX month rent loss/ XXXXX factors: XXXXX own funds, XX mortgages XXXXX XXXX credit depth.     10/08/2024     A 1 XXXX FL 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1628683 XXXX XXXX 7120870 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX loan amount XXXXX   Compensating factors: XXXXX own funds, XX mortgages XXXXX XXXX credit depth.       10/04/2024 B 2 XXXX FL 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1628687 XXXX XXXX 7120872 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX using current leases XXXXX monthly which is higher than current market rents XXXX Two months proof of receipts provided; therefore, the lease agreement that reflects higher rents than the XXXXX may be used.   Client 11/25/2024 11:53 AM; If the lease agreement reflects higher rents than the XXXX the lease amount may be used for gross rents if two months proof of receipt is verified. XXXX you.

 Reviewer 11/25/2024 12:12 PM; Condition has been reviewed. XXX

11/25/2024     A 1 XXXX MT 3 13 C   A   C   A   N/A N/A A   A     Exempt 1
1628687 XXXX XXXX 7120873 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX final loan summery approval correcting rental income for XXXXX is from current leases that are higher than current market rents in the details-explanation (currently noting market rents XXXXX while calculation is noting market rents XXXX Laon XXXXX is correct. XXXX months proof of receipts provided; therefore, the lease agreement that reflects higher rents than the XXXXX may be used.     11/25/2024     A 1 XXXX MT 3 13 C   A   C   A   N/A N/A A   A     Exempt 1
1628688 XXXX XXXX 7120874 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX loan approval is missing XXXXX approval for open mortgage with secretary of XXXX on the title. received final approval from XXX XXXX XXXXX XXXX - XXXX fico, seasoned investor, XXXX XXX     11/17/2024     A 1 XXXX NJ 3 13 C   A   C   A   N/A N/A A   A     Exempt 1
1628689 XXXX XXXX 7120875 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX mortgage history required.   Compensating factors: XXXXX has been paying mortgage since XXXXX - no refinance since purchase. XXXXX XXXXX XXXX XXXX of XXXXX       11/06/2024 B 2 XXXX TX 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628689 XXXX XXXX 7120876 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XX months XXXX reserve required. XXXXX assets XXXXX XXXX XXXX XXXXX printout dated XXXX XXXXX to use net proceeds for reserves as XXXXX XXXXX < XXXXX   Management approval for less than XX months own reserserves. XXXX cash out XXXXX for remaining cash reserves. XXXXX factors - XXXX XXXXX XXXXX XXXXX Client 11/11/2024 02:01 PM; Please clarify where you are seeing this XXXX statement. XXXXX to locate in assets or income. XXXX you.

 Reviewer 11/11/2024 03:43 PM; The updated balance is under the loan document XXXXXXXXX Property_Bank XXXXX MTD_XXXX_XXXX.pdf

    11/13/2024 B 2 XXXX TX 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628689 XXXX XXXX 7120877 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX party verification XXXXX lives rent free missing from file. XXX documentation in file reflecting XXXXX has lived with daughter at XXXX XXXX for XXX years (per XXXX LOX provided is acceptable for rent-free, per lender   Reviewer 11/07/2024 09:40 AM; Provide third party documentation to verify borrower's primary current residence as XXXX XXXXX

 Reviewer 11/08/2024 10:33 AM; The document received was the affidavit of occupancy which was previously submitted.  XXXX not receive third party documentation to verify borrower's primary current residence as XXXX XXXXX

 Client 11/08/2024 01:20 PM; Provided XXXX clearly explains borrower's living situation. XXXX what other documentation could be provided to clear this finding. XXXXX clear or escalate further. XXXX you.

 Reviewer 11/08/2024 03:20 PM; condition cleared.

11/08/2024     A 1 XXXX TX 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628689 XXXX XXXX 7120878 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX not verified. XXXXX letter from XXXXX states XXXXX moved back into subject after mother returned the property to the XXXXX XXXX from XXXXX states he lives with daughter. XXX documents in file reflect XXXXX lives with daughter at XXXX XXXX XXXX XXXXX states the XXXXX has lived with daughter at XXXX XXXXX XXXXX XXX for XXX years. XXXX XXXX report reflects XXXX XXXX did not match any address in credit history. XXXX XXXXX XXXX statement reflects the  subject address as mailing address. driver license issued XXXXX lists subject as XXXXX address, XXXXX report does not list XXXX XXXX in address history with several accounts opened in XXXX Lender approving XXXX of XXXX as proof of subject property occupancy.    Reviewer 11/07/2024 09:40 AM; Provide third party documentation to verify borrower's primary current residence as XXXX XXXXX

11/08/2024     A 1 XXXX TX 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628690 XXXX XXXX 7120882 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX XXXXX XXXXX required for XXXXX < XXXXX Received management approval for XXXXX XXXX XXXXX XXXX - XXXXX investor, XXXX XXXXX fico over XXXXX XXXX in reserves   Reviewer 11/10/2024 07:28 PM; Document received did not include XXXXX XXXXX approval specifically for the XXXX XXXXX

 Reviewer 11/11/2024 09:57 AM; Document received did not include XXXXX XXXXX approval specifically for the XXXX XXXXX

11/11/2024     A 1 XXXX NY 3 1 C   A   C   A   N/A N/A A   A     Exempt 1
1628691 XXXX XXXX 7120886 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX XXXXX out XXXXX   Compensating factors: XXX file since XXXX XXXXX assets after close, residual income XXXXX good job time, good residence time.       10/30/2024 B 2 XXXX FL 1 13 C   B   C   B   A   A   A   A     Non-QM 1
1628691 XXXX XXXX 7120887 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX payment shock XXXXX   Compensating factors: XXX file since XXXX XXXXX assets after close, residual income XXXXX good job time, good residence time.       10/30/2024 B 2 XXXX FL 1 13 C   B   C   B   A   A   A   A     Non-QM 1
1628692 XXXX XXXX 7120888 1108 XXXX Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.   XXX XXXX > XXXXX or was not provided.  XXXXX collateral evaluation is required.  XXXXX XXXXX reflected XXXX appraisal was completed but document was not included in file. received XXXX appraisal     10/16/2024     A 1 XXXX TX 1 1 D   A   D   A   A   A   C   A     Non-QM 1
1628692 XXXX XXXX 7120889 436 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete VOE   XXXXX verification of employment was not located received XXXX     10/17/2024     A 1 XXXX TX 1 1 D   A   D   A   A   A   C   A     Non-QM 1
1628694 XXXX XXXX 7120890 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX satisfactory evidence of XXXX for primary noting XXXXX mortgage with XXXXX includes escrows, and XXXX of XXXX monthly received XXXXX   Reviewer 10/04/2024 03:57 PM; documents provided did not include the XXX

10/08/2024     A 1 XXXX FL 3 1 C   A   C   A   N/A N/A A   A     Exempt 1
1628696 XXXX XXXX 7120892 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX contribution towards closing costs of XXXXX exceeds closing costs XXXX   RECEIVED XXXX XXXX XXXXX fACTORS - credit score XXXXX previous homebuyer, job stability       10/20/2024 B 2 XXXX MD 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628697 XXXX XXXX 7120893 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information provided       10/31/2024   B 2 XXXX NJ 1 13 C   B   C   B   C   B   A   A     Non-QM 1
1628697 XXXX XXXX 7120894 895 XXXX Compliance Compliance   Compliance - TRID CD- Need proof CD was received 3 days prior to consummation   XXXXX initial XXX and proof it was rec'd at least XX days prior to closing date of XXXXX Information provided       10/31/2024   B 2 XXXX NJ 1 13 C   B   C   B   C   B   A   A     Non-QM 1
1628697 XXXX XXXX 7120895 322 XXXX Credit UW Credit   UW Credit - UW - Credit - Minimum FICO   XXXXX score required for XXXXX out is XXXX  XXXXX qualifying credit score was XXXXX   Compensating XXXXX XXXXX residence XXXX years); XXXXX self-employment XXXXX per credit report); good residual income XXXXX       10/30/2024 B 2 XXXX NJ 1 13 C   B   C   B   C   B   A   A     Non-QM 1
1628698 XXXX XXXX 7120896 1108 XXXX Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.   XXXX second appraisal. XXXXX appraisal needed as loan amount is XXXXX two appraisals in file     11/12/2024     A 1 XXXX CA 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1628698 XXXX XXXX 7120897 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX loan amount is XXXX XXXX loan amount is XXXXX   Compensating XXXXX XXXX a credit abuser, low XXXX XXXXX new construction excellent condition (cX) Reviewer 11/08/2024 11:27 AM;

    11/08/2024 B 2 XXXX CA 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1628698 XXXX XXXX 7120898 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX require minimum XX trade lines (at least XX active). XXXX loan credit report has only XX tradelines.   Compensating XXXXX XXXX a credit abuser, low XXXX XXXXX new construction excellent condition (cX)       11/08/2024 B 2 XXXX CA 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1628698 XXXX XXXX 7120899 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX score more than XXXX required to use XXXXX out for reserves. XXXXX has a XXXXX of XXXX and XXXX   Compensating XXXXX XXXX a credit abuser, low XXXX XXXXX new construction excellent condition (cX)       11/08/2024 B 2 XXXX CA 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1628698 XXXX XXXX 7120900 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX require mortgage delinquency of XXXX  XXX mortgage payment history available for subject property.   Compensating XXXXX XXXX a credit abuser, low XXXX XXXXX new construction excellent condition (cX)       11/08/2024 B 2 XXXX CA 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1628698 XXXX XXXX 7120901 958 XXXX Credit Closing Package   Closing Package - First Payment Letter Other   XXXX email in file XXX XXXXX XXXXX XXXX was cancelled - XXXXX provide updated XXXX payment letter removing XXXXX Information provided     11/08/2024     A 1 XXXX CA 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1628698 XXXX XXXX 7120902 959 XXXX Credit Closing Package   Closing Package - IEADS Initial Escrow Account Disclosure Missing or Incorrect   XXXX email in file XXX XXXXX XXXXX XXXX was cancelled - XXXXX provide updated XXXX removing XXXXX monthly payment Information provided     11/08/2024     A 1 XXXX CA 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1628698 XXXX XXXX 7120903 897 XXXX Credit Compliance   Compliance - TRID CD- Other   XXXXX disclosed XXX reflects XXX XXXXX XXXXX insurance included in section XX and XXX however email in file states policy was cancelled.  XXXXX provide XXXXX removing this policy Information provided   Reviewer 11/08/2024 04:01 PM; A XXX cannot be corrected once it is issued.  XX XXXXX is required with corrections

 Client 11/11/2024 10:46 AM; Hi, this is the XXXX please note the time stamp date at the bottom. XXXX date being incorrect in the top section has been graded as an XXXX grade in the past. XXXXX clarify if that is not the case. XXXX

 Reviewer 11/11/2024 01:30 PM;

 Reviewer 11/11/2024 03:39 PM; This has been cleared.&#x0D;
&#x0D;
XXXX

11/11/2024     A 1 XXXX CA 3 13 C   B   C   B   N/A N/A C   A     Exempt 1
1628701 XXXX XXXX 7120906 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX located in XXXX XXXX   Exception granted: XXXX risk XXXX XXXXX XXXX investor owning multiple XXXXX good credit paid as agreed, XXXXX XXX       11/07/2024 B 2 XXXX MI 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628702 XXXX XXXX 7120907 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXXX has XX active current trade open (mortgage) XXXX XXXX requires a minimum of XXXXX credit history with at least XX tradelines XXXX active). XXXXX has a XXXX history with XXX lines XXXX active)   Compensating XXXX ownership for XXX years, good job XXX time, XXXXX XXXX with XXXX reported XXX months        11/04/2024 B 2 XXXX LA 1 13 C   B   C   B   A   A   C   B     Non-QM 1
1628702 XXXX XXXX 7120908 272 XXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   XXX XXXXX approval for unfinished XXXX at time of closing.   Exception approval XXXXXXXX XXXX ownership for XXX years, good job XXX time, XXXXX XXXX with XXXX reported XXX months        11/06/2024 B 2 XXXX LA 1 13 C   B   C   B   A   A   C   B     Non-QM 1
1628704 XXXX XXXX 7120911 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information provided     11/08/2024     A 1 XXXX VA 1 1 C   A   A   A   C   A   A   A     Non-QM 1
1628704 XXXX XXXX 7120912 897 XXXX Compliance Compliance   Compliance - TRID CD- Other   XXXX XXX issued XXXX is missing page XXXX  XXXXX provide full copy, all pages of signed final XXXX Information provided   Reviewer 11/04/2024 11:37 AM; Closing XXXXX XXXXX

 Reviewer 11/06/2024 01:40 PM; XX/XX XXX with page XX has not been provided

 Reviewer 11/06/2024 02:32 PM; Must have a complete XXXX XXX with page XX included.  

11/08/2024     A 1 XXXX VA 1 1 C   A   A   A   C   A   A   A     Non-QM 1
1628705 XXXX XXXX 7120916 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.           11/20/2024     A 1 XXXX NV 1 1 C   B   C   B   C   A   A   A     Non-QM 1
1628705 XXXX XXXX 7120917 898 XXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   XXXX tolerance violation for increase in XXXX XXXX without a valid XXXX XXXX tolerance violation of XXXXX XX refund in the amount of XXXXX along with XXXXX XXXX lox to borrower, copy of refund check and proof of delivery required within XXX days from consummation.     Reviewer 11/15/2024 03:32 PM; Settlement XXXX uploaded matches the final XXX XXXXX  XXXXX required.

11/20/2024     A 1 XXXX NV 1 1 C   B   C   B   C   A   A   A     Non-QM 1
1628705 XXXX XXXX 7120918 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX XXXXX score for XXXXX XXXXX XX XXXXX XXXX XXXX with XXXXX loan program is XXXX  XXXXX mid XXXXX score is XXXX   Compensating XXXXX  XXXXX in departing residence XXXXX XXXXX XXXX XXXX value is XXXXX loan against property is XXXX and equity in subject property  XXXX is XXXX giving XXXX equity), XXX mortgage history documented for both borrowers XXXXX months paid on time), did not use potential rental income from XXXX XXXX XXXX XXXX       11/13/2024 B 2 XXXX NV 1 1 C   B   C   B   C   A   A   A     Non-QM 1
1628705 XXXX XXXX 7120919 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX XXXX for XXXXX XXXXX XX XXXXX XXXX XXXX with XXXXX loan program with XXXX XXXXX score is XXXX  XXXX loan has a XXXX XXXX   Compensating XXXXX  XXXXX in departing residence XXXXX XXXXX XXXX XXXX value is XXXXX loan against property is XXXX and equity in subject property  XXXX is XXXX giving XXXX equity), XXX mortgage history documented for both borrowers XXXXX months paid on time), did not use potential rental income from XXXX XX XXXX XXXX       11/13/2024 B 2 XXXX NV 1 1 C   B   C   B   C   A   A   A     Non-QM 1
1628705 XXXX XXXX 7120920 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX payment shock for XXXXX XXXXX XX XXXXX XXXX XXXX with XXXXX loan program when XXXX is over XXXX is XXXX XXXX loan payment shock is XXXXX with XXXX over XXXX   Compensating XXXXX  XXXXX in departing residence XXXXX XXXXX XXXX XXXX value is XXXXX loan against property is XXXX and equity in subject property XXXX is XXXX giving XXXX equity), XXX mortgage history documented for both borrowers XXXXX months paid on time), did not use potential rental income from XXXX XX XXXX XXXX       11/13/2024 B 2 XXXX NV 1 1 C   B   C   B   C   A   A   A     Non-QM 1
1628705 XXXX XXXX 7120921 337 XXXX Credit UW Other   UW Other - UW - HUD-1 to evidence payment of debts   XXXX XXXX XXXXX from bridge loan at XXXXX XXXXX XXXX XXXXX XXXX XXXXX must show personal debts paid off listed on application. Bridge XXX provided is sufficient. XXXXX XX debts paid off at closing.    Reviewer 11/15/2024 09:39 AM; the bridge XXX received reflected only XXXX and XXXXX XXXXX as being paid off. XXXX approval reflected XXX other debts to be paid off - see list on approval dated XXXXX

 Client 11/19/2024 12:34 PM; Unclear what the issue is. XXXX only monthly payments excluded from borrower XXXX were for XXXXX XXXXX and XXXXX XXXXX clear or escalate further. XXXX you.

 Reviewer 11/19/2024 02:13 PM; condition cleared

11/19/2024     A 1 XXXX NV 1 1 C   B   C   B   C   A   A   A     Non-QM 1
1628706 XXXX XXXX 7120924 447 XXXX Credit UW Income/Employment   UW Income/Employment - UW - 2yr Employment history not verified   XXXXX require borrower be self employed for over XX years. XXXXX is self employed for XX year.   Compensating XXXXX XXXXX in subject property, several mortgages paid XXXX late not reflective of overall mtg payment history), increasing income in business.       10/28/2024 B 2 XXXX AZ 1 13 D   B   D   B   A   A   A   A     Non-QM 1
1628707 XXXX XXXX 7120925 351 XXXX Credit UW Qualifications   UW Qualifications - UW - DTI exceeds maximum limit   XXXX XXXX when XXXX of the borrowers income is fixed is XXXX XXXXX has XXXX of XXXXX   The exception was granted for over max XXXX with the following compensating factors: XXXX borrowers have a stable residence for over XXX years. XXXX borrowers have residual income of XXXX XXXX borrowers have excellent credit ratings and XXXXX scores of XXXX and XXXX respectively. XXXX borrowers previous residence had a mortgage on it that was paid off with XXXX        11/12/2024 B 2 XXXX MA 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628709 XXXX XXXX 7120926 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX required for XXXX   Compensating factors: XXXXX XXXXX XXXX credit depth, experienced investor with large portfolio.       11/05/2024 B 2 XXXX CA 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628709 XXXX XXXX 7120927 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX XXXX must ne < XXX days from purchase   Compensating factors: XXXXX XXXXX XXXX credit depth, experienced investor with large portfolio.       11/05/2024 B 2 XXXX CA 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628709 XXXX XXXX 7120928 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXXX of funds to purchase property XXXXX XXXX missing from file. XXXXX to meet XXXX financing requirements. received assets and XX     11/06/2024     A 1 XXXX CA 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628711 XXXX XXXX 7120930 868 XXXX Credit Hazard Insurance   Hazard Insurance - Other:   XXXXX XXXX is missing the policy number. Information provided     11/07/2024     A 1 XXXX SC 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1628711 XXXX XXXX 7120931 384 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Self-Employment status required   XXXX copy of XXXXX contract with XXXX XXXXX and final verbal XXX received contract     11/06/2024     A 1 XXXX SC 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1628713 XXXX XXXX 7120934 1055 XXXX Credit Missing Images   Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation   XXXX XXXXX XXXX collateral review and XXXX are all missing from the loan file. XXXXX review is on hold until documentation is received.       11/15/2024     A 1 XXXX FL 3 13 A   A   A   A   N/A N/A A   A     Exempt 1
1628715 XXXX XXXX 7120935 184 XXXX Credit Flood Certificate   Flood Certificate - Property address incorrect or missing   XXXX XXXX XXXX reflected the subject property address house number as XXXX however, the XXXXX reflected the house number as XXXXX Information provided     11/19/2024     A 1 XXXX WI 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1628715 XXXX XXXX 7120936 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXX use property requires XXXXX XXXX XXXX   DEVIATION: XXXXX of a mixed-use triplex appraised as a XX XXXXX   XXXXX XXXXX XXXXX is a experienced investor with XX properties owned, XX mortgages paid XXX & XXXXX reporting since XXXX       11/12/2024 B 2 XXXX WI 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1628716 XXXX XXXX 7120937 898 XXXX Compliance Compliance   Compliance - TRID- Fee Tolerance Violation   XXXX tolerance violation of XXXXX due to increase in recording fees with no valid coc.  XXXXX provide evidence of refund along with XXXX to borrower and XXXXX reflecting cure.  XXXX must be issued within XXX days of consummation. Information provided   Reviewer 11/13/2024 08:48 AM; Cd for wrong property uploaded.  XXXXX provide XXXXX reflecting cure, proof of refund and an XXXX to the borrower. XXXX must be provided within XXX days of closing

 Reviewer 11/21/2024 08:20 AM; Settlement statement will not clear def. XXXXX remains open

11/25/2024     A 1 XXXX OR 1 1 C   B   C   B   C   A   A   A     Safe Harbor QM (APOR) 1
1628716 XXXX XXXX 7120938 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information provided     11/25/2024     A 1 XXXX OR 1 1 C   B   C   B   C   A   A   A     Safe Harbor QM (APOR) 1
1628716 XXXX XXXX 7120939 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX shock - XXXX when the XXXX is less than XXXX XXXX XXXX shock of XXXXX XXXX tied to subject property has zero balance.   Compensating XXXX is XXXXX credit score is XXXXX low XXXX XXX XXXXX over XXXX left over after closing and excellent credit history.       11/12/2024 B 2 XXXX OR 1 1 C   B   C   B   C   A   A   A     Safe Harbor QM (APOR) 1
1628716 XXXX XXXX 7120940 320 XXXX Credit UW Assets   UW Assets - UW - Asset Other   XXXX final XXX for XXXXX XXXX received bridge loan XX     11/12/2024     A 1 XXXX OR 1 1 C   B   C   B   C   A   A   A     Safe Harbor QM (APOR) 1
1628717 XXXX XXXX 7120943 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX states minimum loan amount is XXXX XXXX loan is XXXXX   Compensating XXXXX  XXXXX in subject property, XXX mortgage history (limited, but all XXXX assets post-closing provides several more months in reserves than required.        11/07/2024 B 2 XXXX AZ 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628717 XXXX XXXX 7120944 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX require XXX month housing history. XXXXX XX month housing history provided.   Compensating XXXXX  XXXXX in subject property, XXX mortgage history (limited, but all XXXX assets post-closing provides several more months in reserves than required.        11/07/2024 B 2 XXXX AZ 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628717 XXXX XXXX 7120945 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX limit XXXX to XXXX for fixed income borrower. XXXX loan has XXXX XXXX   Compensating XXXXX  XXXXX in subject property, XXX mortgage history (limited, but all XXXX assets post-closing provides several more months in reserves than required.        11/07/2024 B 2 XXXX AZ 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628719 XXXX XXXX 7120946 447 XXXX Credit UW Income/Employment   UW Income/Employment - UW - 2yr Employment history not verified   XX years self employed in same business is required. XXXXX has XX year XX months as self employed.   Compensating XXXXX XXXXX credit (mid XXXXX XXXXX not a credit abuser; XXXXX cash down payment XXXX low XXXX XXXX high residual income XXXX       10/31/2024 B 2 XXXX CO 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1628719 XXXX XXXX 7120947 327 XXXX Credit UW Credit   UW Credit - UW - Satisfactory 12 mth Rental   XXX months cancelled rent checks required for XXXX XXXXX XXXXX XXXX  XXXXX has XX months rental payment verification.   Compensating XXXXX XXXXX credit (mid XXXXX XXXXX not a credit abuser; XXXXX cash down payment XXXX low XXXX XXXX high residual income XXXX       10/31/2024 B 2 XXXX CO 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1628719 XXXX XXXX 7120948 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXXX XXXXX received XXXX verify     11/01/2024     A 1 XXXX CO 1 1 D   B   D   B   A   A   A   A     Non-QM 1
1628720 XXXX XXXX 7120949 7 XXXX Credit Application   Application - Completed, signed, initial application for all applicant not in file   XXXXX to open the XXXX package with XXXX pages to locate the initial application. Information provided     11/01/2024     A 1 XXXX UT 1 3 C   B   C   B   A   A   A   A     Non-QM 1
1628720 XXXX XXXX 7120950 322 XXXX Credit UW Credit   UW Credit - UW - Credit - Minimum FICO   XXXX minimum XXXXX is XXXX and borrowers have XXXXX   The exception was granted for below minimum XXXXX with the following compensating factors: XXXX XXXX of XXXX XXXXX XXXXX XXXX and previous mortgages are paid XXX and the borrowers have XXX assets.       11/01/2024 B 2 XXXX UT 1 3 C   B   C   B   A   A   A   A     Non-QM 1
1628721 XXXX XXXX 7120951 480 XXXX Credit Application   Application - Compliance \ Application - Validate Loan Originator ID and Loan Originator Co ID on http://www.nmlsconsumeraccess.org/ to verify ID is active and matches LO and CO on application.  If not found on website, suspend for correct ID #.   XXXXX show a XXX # of XXXXX which does not belong to XXXX XXXXX per XXXXX  XXXXX XXX # shows XXX XXXX XXXXX     Client 11/06/2024 07:24 PM; Broker information appears to be incorrect. XXXXX confirm if obtaining an updated XXXXX and XXXX will be sufficient to clear the finding. XXXX you.

 Reviewer 11/07/2024 09:13 AM;

 Reviewer 11/07/2024 11:58 AM; Hello&#x0D;
XXXX a corrected XXXX XXXX and application will cure this.&#x0D;
&#x0D;
XXXX

 Reviewer 11/08/2024 08:58 AM; Per XXXXX consumer access, XXXX XXXXX correct XXXXX # is XXXXX  XXXXX provide a corrected final XXXX XXXX with XXXX to re-record and XXXXX with the correct XXXXX #

 Reviewer 11/12/2024 09:48 AM; XXXX still reflects incorrect XXXXX # for XXXX XXXX

 Client 11/12/2024 10:56 AM; See uploaded printout from XXXXX XXXX you.

 Reviewer 11/12/2024 01:43 PM; Hello&#x0D;
XXXX application deficiency has been cleared - corrected application was uploaded.  &#x0D;
&#x0D;
XXXX

 Reviewer 11/12/2024 02:13 PM;

11/12/2024     A 1 XXXX WA 1 1 C   A   C   A   C   A   A   A     Safe Harbor QM (APOR) 1
1628721 XXXX XXXX 7120952 862 XXXX Compliance Deed of Trust/Mortgage   Deed of Trust/Mortgage - Other:   XXXX reflects the incorrect XXXXX for XXX - need corrected XXXXX along with XXXX to re-record Information provided   Reviewer 11/08/2024 08:58 AM; Per XXXXX consumer access, XXXX XXXXX correct XXXXX # is XXXXX XXXXX provide a correct XXXX and a XXXX to re-record with the correct XXXXX #

 Reviewer 11/12/2024 04:25 PM; Please provide corrected XXXX with a XXXX to re-record with the corrected XXXX

11/25/2024     A 1 XXXX WA 1 1 C   A   C   A   C   A   A   A     Safe Harbor QM (APOR) 1
1628721 XXXX XXXX 7120953 861 XXXX Compliance Note   Note - Other:   XXXXX reflects incorrect XXXXX number for XXX - need corrected XXXXX reflecting the correct XXXXX number Information provided   Reviewer 11/08/2024 08:58 AM; Per XXXXX consumer access, XXXX XXXXX correct XXXXX # is XXXXX  XXXXX provide a corrected XXXXX with the correct XXXXX number

 Reviewer 11/12/2024 04:25 PM; Please provided a corrected XXXXX with the correct XXXXX number

11/25/2024     A 1 XXXX WA 1 1 C   A   C   A   C   A   A   A     Safe Harbor QM (APOR) 1
1628725 XXXX XXXX 7120960 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX length transaction must be primary residence.   Compensating factors: XXXX XXXXX XXXX collateral in desirable area, XXXX mid XXXX well paid mortgage history.       11/06/2024 B 2 XXXX FL 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1628727 XXXX XXXX 7120961 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.     Information provided     11/20/2024     A 1 XXXX MA 1 3 C   A   A   A   C   A   A   A     Safe Harbor QM (APOR) 1
1628727 XXXX XXXX 7120962 897 XXXX Compliance Compliance   Compliance - TRID CD- Other   XXX tolerance violation for addition of XXXXX XXXX XXXX without a valid XXXX XXXX tolerance violation of XXXX XX refund in the amount of XXXX along with XXXXX XXXX lox to borrower, copy of refund check and proof of delivery required within XXX days from consummation. Information provided   Reviewer 11/13/2024 10:12 AM; COC provided does not give a valid reason for the addition of the origination fee.  XXXXX was the exception for?

 Client 11/15/2024 05:06 PM; This was an XXXX qualifier loan. XXXXX it originally came in we had plenty of assets – XXXXX during the process that the borrower had to pay a ex per the divorce decree XXXXX as part of a buyout.  XXXX us short the XXXXX requirement. XXXXX approval is noted on the loan approval in file. XXXX you.

 Reviewer 11/15/2024 05:27 PM;

 Reviewer 11/18/2024 09:50 AM; Hello&#x0D;
XXXXX have XXXX uploaded to the loan for documentation purposes to ensure the coc is included in the file.&#x0D;
&#x0D;
XXXX

 Reviewer 11/19/2024 01:50 PM; Escalated for review

11/20/2024     A 1 XXXX MA 1 3 C   A   A   A   C   A   A   A     Safe Harbor QM (APOR) 1
1628728 XXXX XXXX 7120965 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX concession XXXXX exceeds closing cost XXXXX + XXX XXXX XXXX   received exception approval from XXX XXXX XXXXX XXXX - XXXXX XXXXX XXXX XXXX XXXXX - XXXXX XXXXX       11/11/2024 B 2 XXXX TX 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628732 XXXX XXXX 7120976 322 XXXX Credit UW Credit   UW Credit - UW - Credit - Minimum FICO   XXXX approval required for cash out refinance with XXXXX under XXXXX   Management approved exception.  XXXXX factors are XXXX XXXX term experienced investor, XXXX XXXX credit history with all debt paid as agreed, except for one authorized user account, XXXX XXXX XXXX of XXXXX       11/15/2024 B 2 XXXX CA 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628734 XXXX XXXX 7120978 317 XXXX Credit UW Assets   UW Assets - UW - Hud-1 from sale   XXXX XXXX XXXXX from sale of departure residence, XXXXX XXXXX XXXX XXXXX XXX received XXX from prior home     11/11/2024     A 1 XXXX HI 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628734 XXXX XXXX 7120979 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX require no litigation on condo association. XXXX is litigation pending on this XXXX XXXX XXXX XX XXXXX XXXX XXXX loan   Good credit/credit score XXXXX is XXXXX XXXX XXXX XXXXX XXXXX time in profession XXXXX years),conservative use of credit (other monthly payments are only XXXXX         11/11/2024 B 2 XXXX HI 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628734 XXXX XXXX 7120980 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX limit payment shock to XXXXX XXXX shock is XXXXX due to departure residence owned free  and clear.   Good credit/credit score XXXXX is XXXXX XXXX XXXX XXXXX XXXXX time in profession XXXXX years),conservative use of credit (other monthly payments are only XXXXX         11/11/2024 B 2 XXXX HI 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628734 XXXX XXXX 7120981 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX require deposit transfers to be sourced (not allowed). XXXX transfers are unsourced.   Good credit/credit score XXXXX is XXXXX XXXX XXXX XXXXX XXXXX time in profession XXXXX years),conservative use of credit (other monthly payments are only XXXXX         11/11/2024 B 2 XXXX HI 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628703 XXXX XXXX 7122669 1108 XXXX Valuation UW Collateral TPR   UW Collateral TPR - UW - Second collateral evaluation is required.   XXX XXXX > XXXXX or was not provided.  XXXXX collateral evaluation is required. received XXXX appraisal     11/10/2024     A 1 XXXX WA 1 1 C   A   A   A   A   A   C   A     Non-QM 1
1628731 XXXX XXXX 7121050 501 XXXX Compliance Appraisal   Appraisal - Compliance \ Appraisal - Photos must be clear and legible, if not suspend    XXXX is XXXX & XXXX XXXXX provide a full color appraisal for review. Information provided     11/21/2024     A 1 XXXX TN 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1628731 XXXX XXXX 7121051 666 XXXX Compliance Sales Contract   Sales Contract - Compliance \ Sales Contract missing   XXXXX provide sales contract for review. Information provided     11/21/2024     A 1 XXXX TN 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1628731 XXXX XXXX 7121052 824 XXXX Credit Title Policy   Title Policy - is missing.  Final ALTA title policy required.   XXXXX provide title for review. Information provided     11/21/2024     A 1 XXXX TN 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1628731 XXXX XXXX 7121055 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX XXXXX is missing from this file Fraud XXXXX alerts addressed with documentation provided   Client 11/25/2024 03:23 PM; Fraud XXXXX alerts addressed with documentation provided. XXXXX clear or escalate further.

 Reviewer 11/25/2024 03:44 PM; Condition has been reviewed. XXXX

11/25/2024     A 1 XXXX TN 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1628731 XXXX XXXX 7121056 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX concession XXXXX exceeds total closing costs XXXX received XXX management approval for seller paid closing costs/ XXXXX factors - XXXX XXXX payment shock XXXXX XXX years credit history, XXXXX reserves.     11/22/2024     A 1 XXXX TN 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1628740 XXXX XXXX 7120982 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX amount XXXX does not meet minimum loan amount of XXXXX   Exception approval received/ XXXXX XXXX - XXXX XXXXX experienced investor, XXX years credit depth, XXXX XXX       11/25/2024 B 2 XXXX AZ 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628740 XXXX XXXX 7120983 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX mortgage history on subject lien with XXXX since XXXX purchase received payment history   Reviewer 11/21/2024 07:06 PM; The document received did not reflect any payment history

11/22/2024     A 1 XXXX AZ 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628741 XXXX XXXX 7120985 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX copy of the bridge loan note dated XXXXX secured by XXXXX XXXXX XXXX XXXXX XXX funded in conjunction the purchase of the subject property received bridge loan note     11/17/2024     A 1 XXXX TN 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1628741 XXXX XXXX 7120986 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXX approval required for rural properties. XXXX the appraiser, the property is considered rural. XXXX approval does not address the property being rural. Rural property approval by XXX management/ XXXXX factors are XXXX low ltv of XXXX XXXX XXXX term employment back to XXXX XXXX mortgage payment history paid as agreed for XXX months XXXX minimal use of revolving credit with XXX current credit usage and XXXX historic no derogatory payments     11/17/2024     A 1 XXXX TN 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1628742 XXXX XXXX 7122670 357 XXXX Credit UW Qualifications   UW Qualifications - UW - Cash Back Exceeds Limit   XXXXX back for no cash out refinance exceeds the lesser of XXX or XXXXX XXXX borrower received XXXXX Received final XXX with XXXXX to borrower     11/07/2024     A 1 XXXX CA 1 3 C   A   C   A   A   A   A   A     Non-QM 1
1628743 XXXX XXXX 7120988 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX copy of XXXX bridge loan note dated XXXXX funded in conjunction with the closing of this loan received bridge loan note     11/11/2024     A 1 XXXX CA 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1628745 XXXX XXXX 7120989 389 XXXX Credit UW Credit   UW Credit - UW - Fraud Alert documentation   XXXX XXXX report on the borrower XXXX XXXX Per lender, XXXXX verified with transcripts and affidavit of occupancy provided to clear fraud findings.   Reviewer 11/06/2024 12:11 PM; Provide lender comments to clear all high and medium alerts on fraud report received.

 Reviewer 11/07/2024 09:01 AM; Received the XXXX XXXX  XXXX not receive lender comments or documentation to clear the XXXXX and XXXXX XXXXX on the XXXX report

 Client 11/08/2024 04:08 PM; Income verified with transcripts and affidavit of occupancy provided to clear fraud findings. XXXXX clear or escalate further. XXXXX

 Reviewer 11/11/2024 09:17 AM; condition cleared

11/11/2024     A 1 XXXX WI 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1628747 XXXX XXXX 7120992 452 XXXX Credit UW Other   UW Other - UW - HUD-1 to evidence source of funds   XXXX final closing disclosure for a XXXX bridge loan funded in conjunction with the closing of a XXXX purchase money loan dated XXXXX received bridge loan with XXXX to borrower for other XXX     11/13/2024     A 1 XXXX NM 1 1 C   A   C   A   A   A   A   A     Non-QM 1
1628748 XXXX XXXX 7120993 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX require XX months seasoning in home. XXXXX has been in title XX months. XXXXX purchased property from parents. XXXXX appraised value versus purchase XXXXX as prior sales was non arms length.   Compensating XXXXX XXXX XXXXX good job times, paying off debt, mortgage paid XXXX good depth, no hiccups since XXXX       11/04/2024 B 2 XXXX CA 1 13 C   B   C   B   A   A   A   A     Non-QM 1
1628749 XXXX XXXX 7120994 959 XXXX Credit Closing Package   Closing Package - IEADS Initial Escrow Account Disclosure Missing or Incorrect   XXXX XXXX was not found in the file. XXXX document. Information provided     11/07/2024     A 1 XXXX AZ 1 1 B   A   B   A   A   A   A   A     Safe Harbor QM (APOR) 1
1628750 XXXX XXXX 7120995 371 XXXX Valuation UW Qualifications   UW Qualifications - UW - Declining Market Policy not met/satisfied   XXXX property located in a XXXX XXXXX  XXXX guidelines, senior management approval required and XXX XXXX reduction.   Received exception approval/ XXXXX XXXXX XXX credit history; XXXXX assets for reserves; XXXX a heavy credit user - only XX accounts with a small balance.       11/11/2024 B 2 XXXX AZ 1 1 C   B   C   B   A   A   C   B     Non-QM 1
1628750 XXXX XXXX 7120996 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX payment shock XXXXX   Compensating XXXXX XXX credit history; XXXXX assets for reserves; XXXX a heavy credit user - only XX accounts with a small balance.       11/07/2024 B 2 XXXX AZ 1 1 C   B   C   B   A   A   C   B     Non-QM 1
1628750 XXXX XXXX 7120997 327 XXXX Credit UW Credit   UW Credit - UW - Satisfactory 12 mth Rental   XXXX rent history for borrower (using business rent).   Compensating XXXXX XXX credit history; XXXXX assets for reserves; XXXX a heavy credit user - only XX accounts with a small balance.       11/07/2024 B 2 XXXX AZ 1 1 C   B   C   B   A   A   C   B     Non-QM 1
1628751 XXXX XXXX 7120998 861 XXXX Compliance Note   Note - Other:   XXXX XXXX of XXXXX was not found in the file. XXXX fully completed, executed and notarized document. Information provided     11/12/2024     A 1 XXXX FL 1 1 C   B   C   B   C   A   C   A     Safe Harbor QM (APOR) 1
1628751 XXXX XXXX 7120999 272 XXXX Valuation UW Collateral   UW Collateral - UW - Appraisal Other   XXXX is not in XXXXX XXX XXXX  XXX not see XXXX XXXXX  to use XXXXX XXXXX Management approval to use appraisal / XXXXX XXXXX XXX file since XXXX XXXXX XXXX XXXXX XXXXX XXXX = XXXX XXXXX job time: XXXX in field, XXXXX residence time on prior residence that was just sold: XXXXX     11/12/2024     A 1 XXXX FL 1 1 C   B   C   B   C   A   C   A     Safe Harbor QM (APOR) 1
1628751 XXXX XXXX 7121000 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX XXXXX reflects the XXXX XXXX as XXXX when the XXXX & XXXX both reflect XXXX XXX not see any notes in file to explain the use of XXXX as the XXXX XXXX revised approval received with value of XXXXX     11/12/2024     A 1 XXXX FL 1 1 C   B   C   B   C   A   C   A     Safe Harbor QM (APOR) 1
1628751 XXXX XXXX 7121001 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX XXXXX XXXX require management approval   DEVIATION: XXXXX XXXXX in file for XXXXX property     XXXXX XXXXX XXX file since XXXX XXXXX XXXX XXXXX XXXXX XXXX = XXXX XXXXX job time: XXXX in field, XXXXX residence time on prior residence that was just sold: XXXXX       11/12/2024 B 2 XXXX FL 1 1 C   B   C   B   C   A   C   A     Safe Harbor QM (APOR) 1
1628753 XXXX XXXX 7121002 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX loan amount is XXXX for this XXXXX XXXXX XXXXX XXXXX loan program.  XXXX loan amount is $ XXXXX   Compensating XXXXX  XXXX XXXX XXXX (loan program max is XXXXX XXX years in job, XX years in residence, has owned subject property for XXX years, no late payments on credit, XXX years on credit depth.       11/20/2024 B 2 XXXX CA 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628755 XXXX XXXX 7121003 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX purchased XXXX less than XX months seasoning for cash out refinance   Exception granted: XXXXX and credit history paid as agreed, XXXXX over XXXXX XXXXX XXXX investor with ownership of several investments       11/19/2024 B 2 XXXX TN 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628755 XXXX XXXX 7121004 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX XXXXX XXXXX XXXX XXX months history not provided, borrower purchased less than XX months.   Exception granted: XXXXX and credit history paid as agreed, XXXXX over XXXXX XXXXX XXXX investor with ownership of several investments       11/19/2024 B 2 XXXX TN 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628757 XXXX XXXX 7121006 861 XXXX Compliance Note   Note - Other:   XXXX XXXX of XXXXX did not specify which property it applied to. XXXX evidence the XXXX of XXXXX covered the subject property. Information provided   Reviewer 11/13/2024 09:10 AM; POA provided is not acceptable. XXXX can XXXX be electronically signed or notarized.

 Client 11/15/2024 10:41 AM; Hi, no regulatory requirement. XXXXX XXXX was deemed acceptable by XXXXX XXXXX escalate if needed. XXXX

 Client 11/15/2024 12:18 PM; Additionally, the XXXX includes both the legal description and the mailing address of the property and XXXX law permits electronic signatures and remote online notarization. XXX you provide any legal references that specifically prohibit electronic signatures or notarization, we can have our legal team review. XXXX

 Reviewer 11/15/2024 01:12 PM; Hello&#x0D;
XXXXX has been cleared.&#x0D;
&#x0D;
XXXX

 Reviewer 11/15/2024 01:13 PM; Hello&#x0D;
XXXXX has been cleared.&#x0D;
&#x0D;
XXXX

 Reviewer 11/15/2024 03:32 PM;

 Reviewer 11/15/2024 03:33 PM;

11/15/2024     A 1 XXXX TX 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1628757 XXXX XXXX 7121007 336 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Income Other   XXXX mortgage statement, tax statement and insurance policy for all rental properties. there are no mortgages listed on the XXXXX XXXXX XXXX  all income/loss was taken from schedule XX and matches the XXXX and XXXX   Reviewer 11/12/2024 09:49 PM; The documents received did not include the final XXXXX with all the expenses(taxes, insurance and XXXX fees) for all XXXX and the net monthly income and some of the expenses on the final XXXXX are incorrect.

11/17/2024     A 1 XXXX TX 1 1 C   A   C   A   C   A   A   A     Non-QM 1
1628758 XXXX XXXX 7121010 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXXX approval required for rural property at XXXX XXXX  XXXX XXXX per guidelines is XXXXX   Management approval in the file for XXXX XXXX on a purchase of a rural property.  XXXXX factors are payment history on primary is XXXXX with XXX months reviewed, XXXXX has XXXX term self-employment history of XX years. XXXXX has employment of XX years, credit history from XXXX XXX derogatory credit on installment and revolving accounts for past XXX months and post closing reserves exceeding XX months XXXX       11/11/2024 B 2 XXXX OH 1 1 C   B   C   B   A   A   A   A     Non-QM 1
1628762 XXXX XXXX 7121013 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX reflect single entity can't own more than XXXX of units in the complex. XXX units in subject property complex are owned by one owner which is XXXXX of the units.   Compensating XXXXX XXXX XXXX XXXXX XXXXX investor; XXXX credit, XXX years credit depth.       11/08/2024 B 2 XXXX VA 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628763 XXXX XXXX 7121014 1006 XXXX Credit UW Approval   UW Approval - UW Approval - 1008 or 92900 LT missing   XXXX XXXXX XXXXX approval for loan amount less than XXXXX received approval for loan XXXX XXXXX XXXXX XX mortgages paid XXXX in file for XXX years - XXXX XXXX putting down XXXXX XXX own funds.     11/17/2024     A 1 XXXX OK 3 1 D   A   D   A   N/A N/A A   A     Exempt 1
1628766 XXXX XXXX 7121015 72 XXXX Credit Closing Package   Closing Package -    XXXXX provide XXXXX XXXX XXXX or XXXXX of XXXXX Information provided     11/08/2024     A 1 XXXX AZ 3 13 C   A   C   A   N/A N/A A   A     Exempt 1
1628767 XXXX XXXX 7121016 884 XXXX Compliance Compliance   Compliance - Pending Internal completion of compliance fee tests.  Additional conditions may apply.           11/20/2024     A 1 XXXX CA 1 13 D   B   D   A   C   B   A   A     Non-QM 1
1628767 XXXX XXXX 7121017 967 XXXX Credit Compliance   Compliance - CD- Dated incorrectly (Issue Date, Closing Date, Disbursement Date)   XXXXX a XXXXX with correction to funding date on page XX to be at least XX business days after the closing date of XXXX     Reviewer 11/20/2024 08:25 AM; Cannot correct a XXX once it has been issued.  XX XXXX XXXXX is required with corrections

 Client 11/20/2024 10:26 AM; This was done by the borrowers, noted by the initials, at the closing table. XXXX

 Reviewer 11/20/2024 01:51 PM; Hello&#x0D;
XXXXX XX still reflects the incorrect date and interest collected.  XXXXX XXXXX correcting XXXX XX XXXXX XX to reflect correct funding date of XXXX and correct amount of interest.

 Reviewer 11/20/2024 02:19 PM;

 Reviewer 11/21/2024 01:00 PM; Escalated for review

 Client 11/22/2024 11:44 AM; Hi, currently reporting as a XX grade, please waive if XXXX XXXX

 Reviewer 11/22/2024 11:45 AM;

 Reviewer 11/22/2024 12:55 PM; Hello&#x0D;
XXXXX has been reviewed and is grading as a XX - XXXXX was uploaded&#x0D;
&#x0D;
XXXX

11/22/2024     A 1 XXXX CA 1 13 D   B   D   A   C   B   A   A     Non-QM 1
1628767 XXXX XXXX 7121018 973 XXXX Compliance Compliance   Compliance - CD- Other   XXXXX provide XXXXX that reflects the correct prepaid interest start date. PCCD provided   Reviewer 11/20/2024 08:25 AM; Cannot correct a XXX once it has been issued.  XX XXXX XXXXX is required with corrections

 Client 11/20/2024 10:26 AM; This was done by the borrowers, noted by the initials, at the closing table. XXXX

 Reviewer 11/20/2024 01:51 PM; Hello&#x0D;
XXXXX has been cleared.&#x0D;
&#x0D;
XXXX

 Reviewer 11/20/2024 02:18 PM;

  11/22/2024   B 2 XXXX CA 1 13 D   B   D   A   C   B   A   A     Non-QM 1
1628767 XXXX XXXX 7121019 437 XXXX Credit UW Income/Employment   UW Income/Employment - UW - Missing/Incomplete Verbal VOE   XXXXX XXXX for co-borrower was not provided. received XXX XXXX   Client 11/19/2024 11:29 AM; Co-borrower owns the company with the borrower. XXXX

 Reviewer 11/19/2024 02:11 PM; VVOE required on XXX borrowers per guidelines. XXXX XXXXX for co-borrower as XXXXX was only provided on the borrower.

 Reviewer 11/19/2024 02:11 PM; VVOE required on XXX borrowers per guidelines. XXXX XXXXX for co-borrower as XXXXX was only provided on the borrower.

 Reviewer 11/19/2024 02:11 PM; VVOE required on XXX borrowers per guidelines. XXXX XXXXX for co-borrower as XXXXX was only provided on the borrower.

 Client 11/20/2024 01:49 PM; Co-borrower owns the company with the borrower, verified with documentation confirming the stock % ownership of the company. XX XXXXX form has been completed for this company. XXXXX purpose would an additional XXXXX form serve? XXXXX clear or escalate further. XXXX you.

 Reviewer 11/20/2024 02:23 PM; VVOE required on all XXX borrowers per guidelines. XXXX XXXXX or exception allowing borrower XXXXX to be also accepted for the co-borrower.

 Reviewer 11/20/2024 02:23 PM; VVOE required on all XXX borrowers per guidelines. XXXX XXXXX or exception allowing borrower XXXXX to be also accepted for the co-borrower.

 Reviewer 11/20/2024 02:23 PM; VVOE required on all XXX borrowers per guidelines. XXXX XXXXX or exception allowing borrower XXXXX to be also accepted for the co-borrower.

11/21/2024     A 1 XXXX CA 1 13 D   B   D   A   C   B   A   A     Non-QM 1
1628767 XXXX XXXX 7121020 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXX identification documentation was not provided. Per lender, XXXX XXXX disclosure is sufficient.   Client 11/19/2024 11:27 AM; XXXX does not require. XXXX

 Reviewer 11/19/2024 12:53 PM; condition cleared

11/19/2024     A 1 XXXX CA 1 13 D   B   D   A   C   B   A   A     Non-QM 1
1628768 XXXX XXXX 7121027 330 XXXX Credit UW Credit   UW Credit - UW - Credit Other   XXXX borrower is required to have a satifactory housing history of XXXXX   The exception for the borrower having no housing history was granted with the following compensating factors: XXXX borrower has stable self-employment of XX years. XXXX XXXX is at XXXX XXXX borrower has a credit score of XXXX with no delinquencies and a XXX year credit history.       11/14/2024 B 2 XXXX FL 3 13 C   B   C   B   N/A N/A A   A     Exempt 1
1628771 XXXX XXXX 7121028 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX guidelines require XXXX XXXXX XXXX to own primary residence > XXX months. XXXXX does not currently own a primary residence.   Management has approved this exception.  XXXXX factors are XXXX post-closing assets in excess of XXXX XXXX XXXXX as agreed previous mortgages showing XXX months and XXX months reviewed XXXX payment history on other debt is paid as agreed in the past XXX months       11/14/2024 B 2 XXXX IL 3 1 C   B   C   B   N/A N/A A   A     Exempt 1
1628772 XXXX XXXX 7121030 851 XXXX Credit UW Qualifications   UW Qualifications - UW – Exception needed   XXXXX require a minimum of XXXX gross square feet.  XXXX property has XXXX gross square feet.   Exception approval received/ XXXXX XXXXX XXXX XXXX (subject is XXXXX max allowed is XXXXX XX months reserves required, subject borrower has XXXXX months reserves, borrower has paid all mortgages on time since XXXXX Reviewer 11/25/2024 11:58 AM; Compensating XXXXX  XXXX XXXX (subject is XXXXX max allowed is XXXXX XX months reserves required, subject borrower has XXXXX months reserves, borrower has paid all mortgages on time since XXXX

    11/25/2024 B 2 XXXX FL 3 1 C   B   C   B   N/A N/A A   A     Exempt 1