EX-99.4 5 ex99-4.htm MISSION RATING AGENCY GRADES DETAIL

 

A&D Mortgage Trust 2023-NQM5 ABS-15G

Exhibit 99.4

 

 

Rating Agency Grades Detail Report                                                                  
2023_ADMT_NQM5_FINAL                                                                        
Run Date - 11/1/2023 10:00:00 AM                                                                      
                                                                           
Loan ID Seller Loan ID Investor Loan ID Overall Initial Loan Grade Overall Final Loan Grade Credit Initial Loan Grade Credit Current/Final Loan Grade Compliance Initial Loan Grade Compliance Current/Final Loan Grade Property Initial Loan Grade Property Current/Final Loan Grade Queue Finding Code Date Created Date Modified Finding Status Event Level Initial Finding Grade Current/Final Finding Grade Finding Category Finding Sub Category Finding Name Finding Comments Seller Comments Resolution Comments Reviewer Comp Factor Originator Comp Factors Finding Documents Originator QM Status Final Reviewed QM Status Loan Amount Property State Occupancy Loan Purpose Refinance Purpose Acknowledged / WaivedBy Waiver in File? Unique Finding ID
XXXXXXX-2023-NQM5-1     D B D A A A D B Closed FCRE1258 2022-06-23 10:58 2023-08-22 15:54 Resolved 1 - Information D A Credit Missing Doc Collateral Underwriter Missing Resolved-Collateral Underwriter Provided or Not Applicable UCCP score received and supports value - Due Diligence Vendor-06/28/2022

Ready for Review-Document Uploaded. CU score - Seller-06/23/2022

Open-Collateral Underwriter Missing - Due Diligence Vendor-06/14/2022		 Ready for Review-Document Uploaded. CU score - Seller-06/23/2022

 Resolved-Collateral Underwriter Provided or Not Applicable UCCP score received and supports value - Due Diligence Vendor-06/28/2022

     CU score.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 500494
XXXXXXX-2023-NQM5-1     D B D A A A D B Closed FCRE7756 2022-06-28 05:11 2023-05-17 13:08 Resolved 1 - Information D A Credit Missing Doc Missing credit report Resolved-Credit Report is Provided - Due Diligence Vendor-06/28/2022

Resolved-Received credit report - Due Diligence Vendor-06/28/2022

Ready for Review-Document Uploaded. Document Uploaded. Credit report attached - Seller-06/28/2022

Open-Credit Report is Missing - Due Diligence Vendor-06/14/2022		 Ready for Review-Document Uploaded. Document Uploaded. Credit report attached - Seller-06/28/2022

 Resolved-Credit Report is Provided - Due Diligence Vendor-06/28/2022

 Resolved-Received credit report - Due Diligence Vendor-06/28/2022

     Credit report.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 500457
XXXXXXX-2023-NQM5-1     D B D A A A D B Closed FPRO1242 2022-06-28 05:11 2022-06-28 16:42 Resolved 1 - Information D A Property Missing Doc Appraisal is Missing Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-06/28/2022

Resolved-Received appraisal - Due Diligence Vendor-06/28/2022

Ready for Review-Document Uploaded. Document Uploaded. Appraisal attached - Seller-06/28/2022

Open-Appraisal is Missing - Due Diligence Vendor-06/14/2022		 Ready for Review-Document Uploaded. Document Uploaded. Appraisal attached - Seller-06/28/2022

 Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-06/28/2022

 Resolved-Received appraisal - Due Diligence Vendor-06/28/2022

     Appraisal.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 500475
XXXXXXX-2023-NQM5-2     D B D A A A D B Closed FVAL9739 2022-06-14 14:59 2022-06-14 14:59 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Lender granted exception for repairs needed to property.

See page 238 of Closing docs PDF.   - Due Diligence Vendor-06/14/2022		   Waived-Lender granted exception for repairs needed to property.

See page 238 of Closing docs PDF.   - Due Diligence Vendor-06/14/2022

   Reserves>6 months, Experienced investor with 2+ investment properties, Credit score >40% than minimum required, CLTV 10% below maximum   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 500521
XXXXXXX-2023-NQM5-2     D A D A C A A A Closed finding-3635 2022-07-18 11:04 2022-10-28 11:29 Resolved 1 - Information C A Compliance TRID Charges That In Total Cannot Increase More Than 10% Test Resolved-COC clears finding - Due Diligence Vendor-10/28/2022
Ready for Review-Document Uploaded. See attached  - Seller-08/11/2022
Counter-Still  Missing COC for increased Recording fees at close. recording fee went up from 45 to 60 at close [redacted]
7/18/22, 11:04 AM (MD - Due Diligence Vendor-08/09/2022
Ready for Review-Please provide status - Seller-08/04/2022
Ready for Review-Document Uploaded. See attached  - Seller-07/20/2022
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($60.00) exceed the comparable charges ($45.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). Missing COC for increased Recording fees at close.  recording fee went up from 45 to 60 at close - Due Diligence Vendor-07/18/2022		 Ready for Review-Document Uploaded. See attached  - Seller-08/11/2022

 Ready for Review-Please provide status - Seller-08/04/2022

 Ready for Review-Document Uploaded. See attached  - Seller-07/20/2022

 Resolved-COC clears finding - Due Diligence Vendor-10/28/2022

     COCs.pdf

COC.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 554429
XXXXXXX-2023-NQM5-2     D A D A C A A A Closed finding-3631 2022-07-18 11:04 2022-08-14 19:23 Resolved 1 - Information C A Compliance Points & Fees Reimbursement Amount Validation Test Resolved-COC received clears findings - Due Diligence Vendor-08/15/2022
Ready for Review-Document Uploaded. See attached  - Seller-08/11/2022
Counter- Missing COC for increased Recording fees at close. recording fee went up from 45 to 60 at close [redacted]
7/18/22, 11:04 AM (MD - Due Diligence Vendor-08/09/2022
Ready for Review-Please provide status - Seller-08/04/2022
Ready for Review-Document Uploaded. see attached  - Seller-07/20/2022
Open-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-07/18/2022		 Ready for Review-Document Uploaded. See attached  - Seller-08/11/2022

 Ready for Review-Please provide status - Seller-08/04/2022

 Ready for Review-Document Uploaded. see attached  - Seller-07/20/2022

 Resolved-COC received clears findings - Due Diligence Vendor-08/15/2022

     COCs.pdf

COC.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 554426
XXXXXXX-2023-NQM5-2     D A D A C A A A Closed finding-3632 2022-07-18 11:04 2022-08-14 19:23 Resolved 1 - Information C A Compliance Disclosure Consummation or Reimbursement Date Validation Test Resolved-COC received clears findings - Due Diligence Vendor-08/15/2022
Ready for Review-Document Uploaded. See attached  - Seller-08/11/2022
Counter- Missing COC for increased Recording fees at close. recording fee went up from 45 to 60 at close [redacted]
7/18/22, 11:04 AM (MD - Due Diligence Vendor-08/09/2022
Ready for Review-Please provide status - Seller-08/04/2022
Ready for Review-Document Uploaded. see attached COC's - Seller-07/20/2022
Open-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-07/18/2022		 Ready for Review-Document Uploaded. See attached  - Seller-08/11/2022

 Ready for Review-Please provide status - Seller-08/04/2022

 Ready for Review-Document Uploaded. see attached COC's - Seller-07/20/2022

 Resolved-COC received clears findings - Due Diligence Vendor-08/15/2022

     COCs.pdf

COC.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 554427
XXXXXXX-2023-NQM5-2     D A D A C A A A Closed finding-3888 2022-07-18 11:04 2022-08-14 19:23 Resolved 1 - Information A A Compliance ComplianceEase Qualified Mortgage APR Threshold Test Resolved-COC received clears findings - Due Diligence Vendor-08/15/2022

Rescinded-non qm - Due Diligence Vendor-08/09/2022

Rescinded-This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi))A qualified mortgage is a covered transaction which, among other requirements, is not negatively amortizing and:The note amount for a first lien is greater than or equal to ($114847.000), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 2.25%; orThe note amount for a first lien on a manufactured home is less than ($114847.000), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 6.5%; orThe note amount for a first lien a non-manufactured home is less than ($114847.000) but greater than or equal to ($68908.000), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 3.5%; orThe note amount for a second lien is greater than or equal to ($68908.000), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 3.5%; orThe note amount on a first lien a non-manufactured home or a second lien is less than ($68908.000), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 6.5%. - Due Diligence Vendor-07/18/2022		   Resolved-COC received clears findings - Due Diligence Vendor-08/15/2022

 Rescinded-non qm - Due Diligence Vendor-08/09/2022

 Rescinded-This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi))A qualified mortgage is a covered transaction which, among other requirements, is not negatively amortizing and:The note amount for a first lien is greater than or equal to ($114847.000), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 2.25%; orThe note amount for a first lien on a manufactured home is less than ($114847.000), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 6.5%; orThe note amount for a first lien a non-manufactured home is less than ($114847.000) but greater than or equal to ($68908.000), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 3.5%; orThe note amount for a second lien is greater than or equal to ($68908.000), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 3.5%; orThe note amount on a first lien a non-manufactured home or a second lien is less than ($68908.000), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus 6.5%. - Due Diligence Vendor-07/18/2022

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 554428
XXXXXXX-2023-NQM5-3     D A D A C A A A Closed FCRE3464 2022-07-18 08:12 2022-08-03 15:36 Resolved 1 - Information D A Credit Missing Doc Missing Closing/Final Verbal VOE Resolved-Accept Business search - Due Diligence Vendor-08/03/2022

Ready for Review-Business search is acceptable for 20 day VOE for non-qm loans - Seller-07/20/2022

Open-Proof of business within 20 days of Note missing - Due Diligence Vendor-07/18/2022		 Ready for Review-Business search is acceptable for 20 day VOE for non-qm loans - Seller-07/20/2022

 Resolved-Accept Business search - Due Diligence Vendor-08/03/2022

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 553518
XXXXXXX-2023-NQM5-3     D B D B A A A A Closed FCRE1194 2022-10-10 12:19 2022-11-01 10:22 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Audited LTV of % is less than or equal to Guideline LTV of % - Due Diligence Vendor-11/01/2022
Waived-Exception granted  Loan exceeds both Loan amount and LTV allowable per guidelines - Due Diligence Vendor-10/14/2022
Ready for Review-Document Uploaded. For both loan amount and LTV - Seller-10/12/2022
Open-Max LTV is [redacted] - loan closed at [redacted] LTV. - Due Diligence Vendor-10/10/2022		 Ready for Review-Document Uploaded. For both loan amount and LTV - Seller-10/12/2022

 Resolved-Audited LTV of % is less than or equal to Guideline LTV of % - Due Diligence Vendor-11/01/2022

 Waived-Exception granted  Loan exceeds both Loan amount and LTV allowable per guidelines - Due Diligence Vendor-10/14/2022

     Exception Sample - signed.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 686111
XXXXXXX-2023-NQM5-3     D B D B A A A A Closed FCRE1166 2022-10-07 14:11 2022-10-14 08:45 Resolved 1 - Information A A Credit Insurance Hazard Insurance Coverage is less than all Subject Lien(s) Resolved-Insurance received showing 100% replacement costs - Due Diligence Vendor-10/14/2022
Ready for Review-Document Uploaded. please see attached - language with 100% replacement cost coverage on Dwelling - Seller-10/11/2022
Open-Hazard Insurance Coverage Amount of $1450000 is less than Total Amount of Subject Lien(s) of [redacted] - Due Diligence Vendor-10/07/2022		 Ready for Review-Document Uploaded. please see attached - language with 100% replacement cost coverage on Dwelling - Seller-10/11/2022

 Resolved-Insurance received showing 100% replacement costs - Due Diligence Vendor-10/14/2022

     ITEM NO. 2 AND 3 - 220602001_PATEL_HAZARD COVERAGE WITH 100% REPLACEMENT COST.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 684600
XXXXXXX-2023-NQM5-3     D B D B A A A A Closed FCRE3742 2022-10-10 12:19 2022-10-14 08:44 Waived 2 - Non-Material C B Credit Eligibility Loan Amount does not meet eligibility requirement(s) Waived-Exception granted Loan exceeds both Loan amount and LTV allowable per guidelines - Due Diligence Vendor-10/14/2022
Ready for Review-Document Uploaded. Please see attached  - Seller-10/12/2022
Open-Max loan amount is $3,000,000 - loan closed with a loan amount of [redacted] - Due Diligence Vendor-10/10/2022		 Ready for Review-Document Uploaded. Please see attached  - Seller-10/12/2022

 Waived-Exception granted Loan exceeds both Loan amount and LTV allowable per guidelines - Due Diligence Vendor-10/14/2022

   726 Mid Fico, no mortgage lates, 74% LTV, total asset value of $2,751,511 Exception Sample - signed.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Post-Close Yes 686110
XXXXXXX-2023-NQM5-3     D B D B A A A A Closed FCRE9991 2022-10-07 14:53 2022-10-14 08:42 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-Corrected tape received - Due Diligence Vendor-10/14/2022
Ready for Review-Document Uploaded.  - Seller-10/11/2022
Open-Data Tape loan amount [redacted]- actual loan amount [redacted], Data Tape DSCR = 1.75 = audited DSCR 1.12
 - Due Diligence Vendor-10/07/2022		 Ready for Review-Document Uploaded.  - Seller-10/11/2022

 Resolved-Corrected tape received - Due Diligence Vendor-10/14/2022

     corrected tape.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 684727
XXXXXXX-2023-NQM5-4     D B D B A A A A Closed FCOM4028 2022-10-07 13:53 2022-10-14 08:42 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Received recorded mortgage - Due Diligence Vendor-10/14/2022
Ready for Review-Document Uploaded. see attached  - Seller-10/11/2022
Open-Missing evidence of Mortgage recording loan closed in [redacted].  This is needed. - Due Diligence Vendor-10/10/2022		 Ready for Review-Document Uploaded. see attached  - Seller-10/11/2022

 Resolved-Received recorded mortgage - Due Diligence Vendor-10/14/2022

     PATEL_220602001_RECORDED MTG.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 684547
XXXXXXX-2023-NQM5-5     D A D A A A A A Closed FCRE1964 2023-02-10 10:15 2023-05-01 08:30 Resolved 1 - Information D A Credit Missing Doc Missing income documentation Resolved-PL received. - Due Diligence Vendor-05/01/2023
Ready for Review-Document Uploaded. P&L Y[redacted] provided - Seller-04/28/2023
Counter-Per guides- A Y[redacted] P&L (Borrower required to sign the P&L) if a gap exists between the tax return
ending date and current year to date of more than 60 days. Qualifying income is determined
from the tax returns, the P&L is used to determine that income is stable. - Due Diligence Vendor-03/30/2023
Ready for Review-Please note that the loan was closed on [redacted] - at that time there was no tax documentation for 2022. - Seller-03/29/2023
Open- - Please provide Y[redacted] P&L - 2021 taxes provided but there is no income documentation present that is more recent.  - Due Diligence Vendor-02/10/2023		 Ready for Review-Document Uploaded. P&L YTD provided - Seller-04/28/2023
 Ready for Review-Please note that the loan was closed on [redacted] - at that time there was no tax documentation for 2022. - Seller-03/29/2023
 Resolved-PL received. - Due Diligence Vendor-05/01/2023

     1041746_Income Documents 2022.pdf

1041746_Income Documents 2023.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 850294
XXXXXXX-2023-NQM5-6     C A C A A A A A Closed FCRE6843 2023-02-27 15:23 2023-03-13 12:41 Resolved 1 - Information C A Credit Assets Asset General Resolved-EMD letter in file page 185 reflects seasoned EMD  ok to clear. - Due Diligence Vendor-03/13/2023
Open-EMD reflecting in CD if for [redacted]
1) Wire proof received of [redacted] (Pg#183). Missing is for $1,087
2) Borrower's account - Proof is received for [redacted]. Please provide the remaining EMD proof of $33,603.09 cleared account.  Needed as we cannot back EMD out of reserves since is a FN and we hare tight on 12 month requirement.  - Due Diligence Vendor-02/27/2023		   Resolved-EMD letter in file page 185 reflects seasoned EMD  ok to clear. - Due Diligence Vendor-03/13/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 871461
XXXXXXX-2023-NQM5-6     D B D A A A C B Closed FVAL5472 2023-02-24 14:29 2023-03-15 09:02 Waived 2 - Non-Material C B Property Property Property or house size is outside of guidelines Waived-Reserves greater than 3 months, no credit events past 48 months, Fico well above minimum for program, [redacted] below max CLTV - Due Diligence Vendor-03/15/2023
Ready for Review-Document Uploaded. Exception form uploaded - Seller-03/14/2023
Open-Per Appraisal (page 6) subject condo has 0 bedrooms and is 484 sqft thereby less than minimum guidelines -- no Exception found in file docs to waive guideline - Due Diligence Vendor-02/24/2023		 Ready for Review-Document Uploaded. Exception form uploaded - Seller-03/14/2023

 Waived-Reserves greater than 3 months, no credit events past 48 months, Fico well above minimum for program, 10% below max CLTV - Due Diligence Vendor-03/15/2023

     1041573_exception_signed.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Post-Close Yes 869358
XXXXXXX-2023-NQM5-7     D B D A A A C B Closed FCOM4028 2023-02-24 13:02 2023-03-03 16:01 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Loan close within 60 days - Due Diligence Vendor-03/03/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-02/24/2023		   Resolved-Loan close within 60 days - Due Diligence Vendor-03/03/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 869161
XXXXXXX-2023-NQM5-8     C B C B A A A A Closed FCRE6679 2023-03-03 07:01 2023-03-20 11:11 Waived 2 - Non-Material C B Credit Eligibility Open Current Charge offs Waived-[redacted]account charge off with balance of $3044, super prime guidelines require payoff over $2500. Good ratios
will remain in line if 5% payment considered. requesting to proceed without requiring payof - Due Diligence Vendor-03/20/2023
Ready for Review-Document Uploaded. Exception Form provided - Seller-03/16/2023
Open-As per guideline charge off account [redacted] needs to be paid off. as it is more than $2,500.00 - Due Diligence Vendor-03/03/2023		 Ready for Review-Document Uploaded. Exception Form provided - Seller-03/16/2023

 Waived-[redacted] account charge off with balance of $3044, super prime guidelines require payoff over $2500. Good ratios
will remain in line if 5% payment considered. requesting to proceed without requiring payof - Due Diligence Vendor-03/20/2023
   DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24 months 1041466_Exception Form.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Post-Close Yes 877298
XXXXXXX-2023-NQM5-8     C A C A A A A A Closed FCRE8860 2023-03-01 14:12 2023-03-22 12:25 Resolved 1 - Information C A Credit Income/Employment Audited DSCR does not meet guidelines requirements Resolved-corrected info received. - Due Diligence Vendor-03/22/2023  
Counter-Updated 1007 states short term rents.  Can only use [redacted].  Please update DSCR score to reflect 1.01  using [redacted]rents ([redacted] and PITIA of [redacted]) - Due Diligence Vendor-03/20/2023
Ready for Review-Please, find the document [redacted]_comparable [redacted].pdf page 10. It indicates the rent to be [redacted]. Thank you! - Seller-03/17/2023
Open-Calculated DSCR :0.82 & Originator DSCR :1.23. There is DSCR difference by 0.82. (used 1007 of $4000) - Due Diligence Vendor-03/01/2023		 Ready for Review-Please, find the document [redacted]_comparable 6k.pdf page 10. It indicates the rent to be $6k. Thank you! - Seller-03/17/2023
 Resolved-corrected info received. - Due Diligence Vendor-03/22/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 874608
XXXXXXX-2023-NQM5-9     C A C A A A A A Closed FCRE8450 2023-03-03 13:31 2023-03-20 11:24 Resolved 1 - Information C A Credit Income/Employment Rental Income not supported Resolved-updated 1007 received. - Due Diligence Vendor-03/20/2023
Ready for Review-Document Uploaded. Please, find attached the document indicating the rent to be [redacted] (page 10). Thank you! - Seller-03/17/2023
Open- Appraisal SUPPLEMENTAL ADDENDUM - [redacted] on pg#153 the rent is reflecting of [redacted] please provide a proof for the same. - Due Diligence Vendor-03/03/2023		 Ready for Review-Document Uploaded. Please, find attached the document indicating the rent to be $6'600 (page 10). Thank you! - Seller-03/17/2023

 Resolved-updated 1007 received. - Due Diligence Vendor-03/20/2023

     1041058_comparable 6k.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 878512
XXXXXXX-2023-NQM5-10     D A A A D A A A Closed FCOM1233 2023-03-09 08:26 2023-04-10 09:59 Resolved 1 - Information D A Compliance Missing Doc The Final 1003 is Incomplete Resolved-updated 1003 received. - Due Diligence Vendor-04/10/2023

Ready for Review-Document Uploaded. Corrected Final 1003 provided - Seller-04/07/2023

Open-Final 1003 indicates borrower will occupy this property.  Loan submitted as non o/o - Due Diligence Vendor-03/09/2023		 Ready for Review-Document Uploaded. Corrected Final 1003 provided - Seller-04/07/2023

 Resolved-updated 1003 received. - Due Diligence Vendor-04/10/2023

     1041128_Final 1003.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 884964
XXXXXXX-2023-NQM5-10     C B B B A A C A Closed FVAL9739 2023-03-08 08:37 2023-03-16 10:46 Resolved 1 - Information C A Property Appraisal Property/Appraisal General Resolved-HOA litigation cleared by management - Due Diligence Vendor-03/16/2023

Ready for Review-Please note that all the pending litigation documents are uploaded to the limited review condition and it was cleared by management. Please refer to p. 248-249, 277-290, 498-777 - Seller-03/16/2023

Open-There is an open Litigation found on HOA document. - Due Diligence Vendor-03/08/2023		 Ready for Review-Please note that all the pending litigation documents are uploaded to the limited review condition and it was cleared by management. Please refer to p. 248-249, 277-290, 498-777 - Seller-03/16/2023

 Resolved-HOA litigation cleared by management - Due Diligence Vendor-03/16/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 883227
XXXXXXX-2023-NQM5-10     C B B B A A C A Closed FCRE9806 2023-03-07 11:30 2023-03-07 11:30 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-Exception Type-- Material: Credit--11 months of [redacted] bill for tradeline--Hello! The UW, [redacted], confirmed that only 1 month is missing for Super Prime eligibility with the tradelines. [redacted] bill is only showing 11 months, 12th month will be ready in 2 weeks. The broker does numerous files with [redacted] per month. Please, approve without hit to the rate, since only 1 month bill is missing. Thank you!
(Exception form present on page#947)
 - Due Diligence Vendor-03/07/2023		   Waived-Exception Type-- Material: Credit--11 months of [redacted] bill for tradeline--Hello! The UW, [redacted], confirmed that only 1 month is missing for Super Prime eligibility with the tradelines. [redacted] bill is only showing 11 months, 12th month will be ready in 2 weeks. The broker does numerous files with [redacted] per month. Please, approve without hit to the rate, since only 1 month bill is missing. Thank you!
(Exception form present on page#947)
 - Due Diligence Vendor-03/07/2023

   5 years on current job, No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments
in last 48 months, Credit score >40% than minimum required		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 881917
XXXXXXX-2023-NQM5-11     C B B B A A C A Closed FCRE6843 2023-03-07 11:28 2023-03-07 11:28 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception Type-- Material: Assets--No primary residence in the US---The borrower is renting and doesn't have a primary residence in the US. The Borrower’s credit score is [redacted] above the minimum – [redacted]. The Borrower’s contribution to the loan is 25%. Please
approve.
(Exception form present on page #945)
 - Due Diligence Vendor-03/07/2023		   Waived-Exception Type-- Material: Assets--No primary residence in the US---The borrower is renting and doesn't have a primary residence in the US. The Borrower’s credit score is 10% above the minimum – 729. The Borrower’s contribution to the loan is 25%. Please
approve.
(Exception form present on page #945)
 - Due Diligence Vendor-03/07/2023

   Borrower contribution exceeds requirement >=5%, No consumer late payments in last 48 months, No mortgage late
payments in last 24 months, No credit events past 48 months		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 881909
XXXXXXX-2023-NQM5-12     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-12     C A C A A A C A Closed FCRE8850 2023-03-16 07:44 2023-03-29 11:05 Resolved 1 - Information C A Credit Assets Foreign National- bank/credit reference letter missing Resolved-FN Letter received. - Due Diligence Vendor-03/29/2023

Ready for Review-Document Uploaded. Please, find the bank reference letter attached. Thank you! - Seller-03/28/2023

Open-Foreign National- bank/credit reference letter is missing - Due Diligence Vendor-03/16/2023		 Ready for Review-Document Uploaded. Please, find the bank reference letter attached. Thank you! - Seller-03/28/2023

 Resolved-FN Letter received. - Due Diligence Vendor-03/29/2023

     bank reference letter.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 892783
XXXXXXX-2023-NQM5-12     C A C A A A C A Closed FCRE3091 2023-03-14 16:40 2023-03-27 09:49 Resolved 1 - Information C A Credit Insurance Master Policy Expiration Date is Prior To the Transaction Date Resolved-insurance received.  - Due Diligence Vendor-03/27/2023
Resolved-Master Policy Expiration Date of [redacted] is Equal to or After the Transaction Date of [redacted] Or Master Policy Expiration Date Is Not Provided - Due Diligence Vendor-03/27/2023
Ready for Review-Document Uploaded. Please, find the updated Master Policy attached. Thank you! - Seller-03/24/2023
Open-Master Policy Expiration Date of [redacted] is Prior To the Transaction Date of [redacted] Need current and active condo Master policy . - Due Diligence Vendor-03/14/2023		 Ready for Review-Document Uploaded. Please, find the updated Master Policy attached. Thank you! - Seller-03/24/2023

 Resolved-insurance received.  - Due Diligence Vendor-03/27/2023

 Resolved-Master Policy Expiration Date of 06-26-2023 is Equal to or After the Transaction Date of 03-09-2023 Or Master Policy Expiration Date Is Not Provided - Due Diligence Vendor-03/27/2023

     1042081_Master Policy.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 891010
XXXXXXX-2023-NQM5-13     C A C A A A C A Closed FVAL9739 2023-03-16 11:23 2023-03-24 11:58 Resolved 1 - Information C A Property Appraisal Property/Appraisal General Resolved-updated appraisal received. - Due Diligence Vendor-03/24/2023

Ready for Review-Document Uploaded. Please, find the revised appraisal report attached. The borrower and seller are not related. Thank you! - Seller-03/24/2023

Open-Appraisal pag#8 Contract information it reflects Arm length transaction and also reads buyer and seller are related. Not allowed on investment loan. - Due Diligence Vendor-03/16/2023		 Ready for Review-Document Uploaded. Please, find the revised appraisal report attached. The borrower and seller are not related. Thank you! - Seller-03/24/2023

 Resolved-updated appraisal received. - Due Diligence Vendor-03/24/2023

     1042081_Appraisal_Revised.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 893197
XXXXXXX-2023-NQM5-14     C A A A A A C A Closed FVAL3954 2023-03-14 17:16 2023-03-20 13:14 Resolved 1 - Information C A Property Property Property Damage Resolved-lender is ok with cost to cure. - Due Diligence Vendor-03/20/2023
Ready for Review-Please, find ADDENDUM [redacted] merged with [redacted]_Borrower pkg.pdf page 38. The appraiser stated that there are no Health/Safety or marketability issues. Thank you! - Seller-03/20/2023
Open-As per appraisal report subject property is As is (page no 22 of 184), However as per subject property Photos available on page no  page no 44 - 50 of 184 its seems to be repairs required in subject property bathroom, Foyer, Living Dining, Kitchen, Family, Utility, area.  The cost to cure is $5000.00 - Due Diligence Vendor-03/14/2023		 Ready for Review-Please, find ADDENDUM 02/16/2023 merged with [redacted]_Borrower pkg.pdf page 38. The appraiser stated that there are no Health/Safety or marketability issues. Thank you! - Seller-03/20/2023
 Resolved-lender is ok with cost to cure. - Due Diligence Vendor-03/20/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 891020
XXXXXXX-2023-NQM5-15     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated      
XXXXXXX-2023-NQM5-16     D A D A A A A A Closed FCOM4028 2023-03-16 07:44 2023-03-16 15:29 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Loan closed less than 60 days - Due Diligence Vendor-03/16/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-03/16/2023		   Resolved-Loan closed less than 60 days - Due Diligence Vendor-03/16/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 892784
XXXXXXX-2023-NQM5-17     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-17     D B D B A A A A Closed FCRE6019 2023-03-23 17:21 2023-03-29 14:25 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-lender accepted US passport - Due Diligence Vendor-03/29/2023
Ready for Review-Valid USA Passport is attached to the Closing package (p.5 [redacted]_Closing_Package_-_Signed) - Seller-03/28/2023
Open-Borrower is foreign national, Valid visa is missing in file. - Due Diligence Vendor-03/23/2023		 Ready for Review-Valid USA Passport is attached to the Closing package (p.5 [redacted]_Closing_Package_-_Signed) - Seller-03/28/2023
 Resolved-lender accepted US passport - Due Diligence Vendor-03/29/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 900709
XXXXXXX-2023-NQM5-18     D B D B A A A A Closed FCRE6843 2023-03-23 17:12 2023-03-23 17:12 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception Type :- Material: Assets
Short Description :- overseas assets transf to non-borrowing spouse
Comments :- have documented borrower transferred cash being used to close from his foreign account to non-borrowing
spouse's account in the US. Borrower is not on the non-borrowing spouse account, UW requests exception to consider use of those funds towards closing. Account statement attached, clearly confirming wire from borrower. Foreign account is documented as well, with translations. Request to proceed as is... thank you
Exception form available on page no 241 of 365. - Due Diligence Vendor-03/23/2023		   Waived-Exception Type :- Material: Assets
Short Description :- overseas assets transf to non-borrowing spouse
Comments :- have documented borrower transferred cash being used to close from his foreign account to non-borrowing
spouse's account in the US. Borrower is not on the non-borrowing spouse account, UW requests exception to consider use of those funds towards closing. Account statement attached, clearly confirming wire from borrower. Foreign account is documented as well, with translations. Request to proceed as is... thank you
Exception form available on page no 241 of 365. - Due Diligence Vendor-03/23/2023

   LTV 10% below maximum, Borrower contribution exceeds requirement >=5%, 5+ years credit history   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 900708
XXXXXXX-2023-NQM5-19     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-20     B B A A A A B B Closed FVAL9739 2023-03-29 16:45 2023-03-29 16:45 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type Material: Credit--Litigation in process but not safety concerns--Approved exception form required for the following: Pending litigation documentation confirms condominium buildings suffer from structural defects, water intrusion and loss of use. Issue has led to a significant impact to the financial stability of the project and does not fall under the definition of minor litigation.
(Exception form present on page# 133 of 316)
 - Due Diligence Vendor-03/29/2023		   Waived-Exception Type Material: Credit--Litigation in process but not safety concerns--Approved exception form required for the following: Pending litigation documentation confirms condominium buildings suffer from structural defects, water intrusion and loss of use. Issue has led to a significant impact to the financial stability of the project and does not fall under the definition of minor litigation.
(Exception form present on page# 133 of 316)
 - Due Diligence Vendor-03/29/2023

   LTV 10% below maximum, No credit events past 48 months, Credit score >40% than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 906125
XXXXXXX-2023-NQM5-21     D A D A A A A A Closed FCRE1173 2023-03-29 10:18 2023-04-05 10:07 Resolved 1 - Information D A Credit Missing Doc Master Condo Insurance Policy is Missing Resolved-agreed.  not required for limited review - Due Diligence Vendor-04/05/2023
Ready for Review-The project is eligible for limited review. As per FNMA Selling Guide, general liability insurance is not required for condo projects under the Limited Review method. Thank you!  - Seller-04/05/2023
Counter-missing liability.  this is for building only.  Need liability insurance  - Due Diligence Vendor-04/03/2023
Ready for Review-Please, find the Master Insurance in File Uploads merged with [redacted]_Borrower pkg.pdf, pp. 87-89. Thank you! - Seller-04/03/2023
Open-Missing the Master Liability insurance - Due Diligence Vendor-03/29/2023		 Ready for Review-The project is eligible for limited review. As per FNMA Selling Guide, general liability insurance is not required for condo projects under the Limited Review method. Thank you!  - Seller-04/05/2023

 Ready for Review-Please, find the Master Insurance in File Uploads merged with 1041788_Borrower pkg.pdf, pp. 87-89. Thank you! - Seller-04/03/2023

 Resolved-agreed.  not required for limited review - Due Diligence Vendor-04/05/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 905467
XXXXXXX-2023-NQM5-22     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-23     B B A A A A B B Closed FVAL9739 2023-04-14 16:08 2023-04-14 16:08 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type :- Material: Appraisal
Short Description :- Looking for exception on questionnaire
Comments :- Looking to see if we can get an exception for HOA refusing to fill out the inform safety and soundness. The
HOA is stating that they don't have the authority to answer that question and their attorney also responded saying that he will not answer. (email attached) We're asking to see if we can close without that question being answered. Excellent credit borrower with all own funds and the DSCR is over 1.00. Borrower is purchasing another property in the same community with us so this will be a duplicate request with loan [redacted]
Exception form available on page no 387 - Due Diligence Vendor-04/14/2023		   Waived-Exception Type :- Material: Appraisal
Short Description :- Looking for exception on questionnaire
Comments :- Looking to see if we can get an exception for HOA refusing to fill out the inform safety and soundness. The
HOA is stating that they don't have the authority to answer that question and their attorney also responded saying that he will not answer. (email attached) We're asking to see if we can close without that question being answered. Excellent credit borrower with all own funds and the DSCR is over 1.00. Borrower is purchasing another property in the same community with us so this will be a duplicate request with loan [redacted]
Exception form available on page no 387 - Due Diligence Vendor-04/14/2023
   Borrower contribution exceeds requirement >=5%, No credit events past 48 months, Credit score >40% than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 925553
XXXXXXX-2023-NQM5-23     C B C B A A B B Closed FCRE1115 2023-04-28 12:55 2023-08-30 09:27 Resolved 1 - Information C A Credit Closing Security Instrument Date is greater than current date Resolved-corrected DOT - Due Diligence Vendor-08/30/2023
Ready for Review-Document Uploaded. Re-recorded deed of trust (reflecting actual transaction date of [redacted]) provided - Seller-08/29/2023
Open-Security Instrument Date is greater than the transaction date of [redacted] - Due Diligence Vendor-04/28/2023		 Ready for Review-Document Uploaded. Re-recorded deed of trust (reflecting actual transaction date of 04-24-2023) provided - Seller-08/29/2023

 Resolved-corrected DOT - Due Diligence Vendor-08/30/2023

     1043614_Deed of Trust RE-REC.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 946090
XXXXXXX-2023-NQM5-23     C B C B A A B B Closed FVAL9739 2023-04-26 16:53 2023-04-26 16:53 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type Material: Appraisal--Flip transaction.--This is the confirmed flip transaction. The seller is selling the property with more than 500% difference in price within 12 months. Appraisal confirmed the higher value of the property, also AVM is with 98% confidence score. Please approve the CLTV based on the appraised value.
(Exception form page #490)
 - Due Diligence Vendor-04/26/2023		   Waived-Exception Type Material: Appraisal--Flip transaction.--This is the confirmed flip transaction. The seller is selling the property with more than 500% difference in price within 12 months. Appraisal confirmed the higher value of the property, also AVM is with 98% confidence score. Please approve the CLTV based on the appraised value.
(Exception form page #490)
 - Due Diligence Vendor-04/26/2023

   Borrower contribution exceeds requirement >=5%, No credit events past 48 months, No consumer late payments in last 48 months,
Other: specify below
DSCR>1.2		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 942138
XXXXXXX-2023-NQM5-24     C B C B A A B B Closed FCRE1200 2023-04-26 16:47 2023-04-26 16:47 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of [redacted] Exception Type Material: Loan Amount--[redacted] Loan amount ---The loan amount is lower than [redacted]
(Exception form present on page#489) - Due Diligence Vendor-04/26/2023		   Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $100000 Exception Type Material: Loan Amount--[redacted] Loan amount ---The loan amount is lower than $100,000
(Exception form present on page#489) - Due Diligence Vendor-04/26/2023
   No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 942132
XXXXXXX-2023-NQM5-24     B B B B A A B B Closed FVAL3954 2023-04-26 12:47 2023-07-11 12:44 Waived 2 - Non-Material B B Property Property Property Damage Waived-Page 137 exception to allow as is appraisal with property damage to shower, ceiling and bathroom -appraiser notes no value given to additional damaged bathroom. Health and safety concerns noted in addendum. - Due Diligence Vendor-04/26/2023   Waived-Page 137 exception to allow as is appraisal with property damage to shower, ceiling and bathroom -appraiser notes no value given to additional damaged bathroom. Health and safety concerns noted in addendum. - Due Diligence Vendor-04/26/2023

   Bwr contribution exceeds > 5%, Revolving debt under 30%, No credit events past 48 months, No mtg lates last 24 months, Reserves > 6 Months. Credit Score > 20 points above program minimum.

The appraisal is made as is with C3 condition.
The appraiser confirms that the ceiling damage does not seem dangerous: “Ceiling Damage: The walkthrough performed by the appraiser is superficial in nature and there was no visible impending danger noted. The condition of this area was taken into consideration in arriving to the conclusion of value. The ceiling damage for this area does not affect the marketability of the subject property.” We view issues with the property as low-risk cosmetic issues which are easily corrected: “Shower Damage: The walkthrough performed by the appraiser revealed shower tile damage and a missing sink. The shower exhibited tile damage with exposed sharp edges which can be a safety concern. The shower is not considered to have a functional utility due to it's condition.” The same is confirmed by the appraiser: “The subject appears to be in average condition with mostly cosmetic deferred maintenance noted in the main dwelling.”.

Most importantly: “No physical deficiencies or adverse conditions that affect the livability, soundness or structural integrity of the property were noted at time the appraiser viewed the property.”		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 941545
XXXXXXX-2023-NQM5-25     B B B B A A B B Closed FCRE1493 2023-04-26 12:23 2023-04-26 12:42 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Bwr only has 1 active trade over 24 months. Lender exception page 136. - Due Diligence Vendor-04/26/2023   Waived-Bwr only has 1 active trade over 24 months. Lender exception page 136. - Due Diligence Vendor-04/26/2023

   Bwr contribution exceeds > 5%, Revolving debt under 30%, No credit events past 48 months, No mtg lates last 24 months, Reserves > 6 Months. Credit Score > 20 points above program minimum.   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 941457
XXXXXXX-2023-NQM5-26     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-27     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-27     D B D A A A B B Closed FCRE1173 2023-05-08 08:12 2023-05-15 14:32 Resolved 1 - Information D A Credit Missing Doc Master Condo Insurance Policy is Missing Resolved-lender does not require master condo on 2 unit and unit has full HO3 - Due Diligence Vendor-05/15/2023

Ready for Review-This was clarified w UW1: we do not require Master policy in this case since there is no HOA in charge of the project. HO3 is written with full coverage - Seller-05/15/2023

Open-Missing Master Condo Insurance Policy 2 unit condo.  This is missing master insurance policy.  There is an HO3 policy in file.  Please clarify if a 2 unit project requires liability insurance.  if not this finding will be rescinded.  - Due Diligence Vendor-05/08/2023		 Ready for Review-This was clarified w UW1: we do not require Master policy in this case since there is no HOA in charge of the project. HO3 is written with full coverage - Seller-05/15/2023

 Resolved-lender does not require master condo on 2 unit and unit has full HO3 - Due Diligence Vendor-05/15/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 957906
XXXXXXX-2023-NQM5-27     D B D A A A B B Closed FPRO1250 2023-05-08 08:20 2023-05-11 14:06 Waived 2 - Non-Material B B Property Property Property Condition Rating Does Not Meet Program Requirements Waived-Primary Value Valuation Property Condition Rating Does Not Meet Program Requirements Appraisal reflects below condition and C5- waiver has been updated to include this - Due Diligence Vendor-05/08/2023   Waived-Primary Value Valuation Property Condition Rating Does Not Meet Program Requirements Appraisal reflects below condition and C5- waiver has been updated to include this - Due Diligence Vendor-05/08/2023

   Borrower contribution exceeds requirement >=5%, No credit events past 48 months, No mortgage late payments in last 24 months,
5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 957934
XXXXXXX-2023-NQM5-28     D B D A A A B B Closed FVAL9739 2023-05-08 08:27 2023-05-08 08:27 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Please do not add an Adjustment for this Exception. Underwriting is requesting to update the Unit # on the
Appraisal and the appraiser will not update it (email from appraiser) due to the appraisal was not originally by
[redacted]. Please note that the Legal description has the Correct Unit # - Due Diligence Vendor-05/08/2023		   Waived-Please do not add an Adjustment for this Exception. Underwriting is requesting to update the Unit # on the
Appraisal and the appraiser will not update it (email from appraiser) due to the appraisal was not originally by
[redacted]. Please note that the Legal description has the Correct Unit # - Due Diligence Vendor-05/08/2023

   Borrower contribution exceeds requirement >=5%, No credit events past 48 months, No mortgage late payments in last 24 months,
5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required
Page 149		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 957972
XXXXXXX-2023-NQM5-28     C A C A A A C A Closed FCRE8611 2023-05-24 08:15 2023-07-13 10:07 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-lender accepted based on this email
From: [redacted]
Sent: Thursday, July 13, 2023 11:48 AM
Subject: [redacted] percentage of ownership

Good afternoon,
We have an open condition on file [redacted] that stated we need to prove the exact percentage of ownership. Unfortunately, 1003 does not have any option to place 100% of the business, it shows only 25% or more.
Our internal UW procedure states we can verify the percentage of the ownership via several sources, one of them is Secretary of State. If we have one borrower on the loan and the same person on the SOS, we accept 100% ownership. In this case, our borrower is a single owner per Sunbiz portal, therefor we count his ownership as 100%.
 - Due Diligence Vendor-07/13/2023
Counter-Need exact percentage owned.  cannot use statement of at least 25%.  Per P/L guides, can only give credit of income for percentage owned.  If we use 1003 stating at least 25% then we can only use 25% of income. GUides state Borrower must own at least 25% of the business, WITH USING PRO-RATED portion of income.  Need proof he owns 100% - Due Diligence Vendor-05/31/2023
Ready for Review-Document Uploaded. Please refer to the p. 54 (Final 1003 page 2) of the Signed Closing Package, uploaded to the Portal - Seller-05/30/2023
Open-missing percentage of ownership for business - Due Diligence Vendor-05/24/2023		 Ready for Review-Document Uploaded. Please refer to the p. 54 (Final 1003 page 2) of the Signed Closing Package, uploaded to the Portal - Seller-05/30/2023

 Resolved-lender accepted based on this email
From: [redacted] <[redacted]>
Sent: Thursday, July 13, 2023 11:48 AM
Subject: [redacted] percentage of ownership

Good afternoon,
We have an open condition on file [redacted] that stated we need to prove the exact percentage of ownership. Unfortunately, 1003 does not have any option to place 100% of the business, it shows only 25% or more.
Our internal UW procedure states we can verify the percentage of the ownership via several sources, one of them is Secretary of State. If we have one borrower on the loan and the same person on the SOS, we accept 100% ownership. In this case, our borrower is a single owner per Sunbiz portal, therefor we count his ownership as 100%.
 - Due Diligence Vendor-07/13/2023

     1045513_Final 1003 Percentage of Ownership.jpg Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 980273
XXXXXXX-2023-NQM5-29     C A C A A A C A Closed FVAL9739 2023-05-24 07:07 2023-05-31 12:15 Resolved 1 - Information C A Property Appraisal Property/Appraisal General Resolved-borrower qualifies to live in community - Due Diligence Vendor-05/31/2023
Ready for Review-The borrower's Date of Birth is [redacted]. He is[redacted] years old - Seller-05/30/2023
Open-Verify subject is not a [redacted] and up community as noted on page 19 of PDF or this project is inelgible - Projects with covenants, conditions, and restrictions that split ownership of the property or *** curtail an individual borrower's ability to utilize or occupy the property are not allowed.***  Age restriction prohibits people from occupying - Due Diligence Vendor-05/24/2023		 Ready for Review-The borrower's Date of Birth is [redacted]. He is 55+ years old - Seller-05/30/2023
 Resolved-borrower qualifies to live in community - Due Diligence Vendor-05/31/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 980105
XXXXXXX-2023-NQM5-30     C A C A A A A A Closed FCRE6843 2023-05-23 17:03 2023-06-27 11:21 Resolved 1 - Information C A Credit Assets Asset General Resolved-proof of wire now present. - Due Diligence Vendor-06/27/2023

Ready for Review-Document Uploaded. Please find attached - Seller-06/27/2023

Open-EMD amount has been paid though gift. We have gift letter (refer -pg#125)however donor's proof is missing.
 - Due Diligence Vendor-05/23/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-06/27/2023

 Resolved-proof of wire now present. - Due Diligence Vendor-06/27/2023

     Bank of America _ Online Banking _ Deposit _ Deposit to tile company.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 979619
XXXXXXX-2023-NQM5-30     B B B B A A B B Closed FCRE8611 2023-05-25 17:04 2023-05-25 17:04 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Exception Type Material: Income
Short Description Looking for exception for [redacted]

Comments
Per present guidelines [redacted] we can use [redacted] for short term rental but this loan was submitted on [redacted]. using the old guidelines we would need 12 month statements from short term facilitator but timing is of the essence on this loan. Looking to see if we can use [redacted] based on current guidelines since we are widely using it and the loan was submitted just before the new guidelines went into effect. Thanks

Exception form # 687 of 697


 - Due Diligence Vendor-05/25/2023		   Waived-Exception Type Material: Income
Short Description Looking for exception for [redacted]

Comments
Per present guidelines (3/13/23) we can use [redacted] for short term rental but this loan was submitted on 3/8/23. using the old guidelines we would need 12 month statements from short term facilitator but timing is of the essence on this loan. Looking to see if we can use [redacted] based on current guidelines since we are widely using it and the loan was submitted just before the new guidelines went into effect. Thanks

Exception form # 687 of 697


 - Due Diligence Vendor-05/25/2023

   5 years on current job, Residual income >=$3000, No credit events past 48 months, No consumer late payments in last 48 months, Reserves>6 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 983630
XXXXXXX-2023-NQM5-31     B B B B A A B B Closed FVAL9739 2023-05-25 17:02 2023-05-25 17:02 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type Material: Appraisal
Short Description Looking for exception with Master HOA and Flood

Comments
Looking to get exception on HOA name and Master Flood. Attached is a letter from the insurance carrier explaining that our subject building is [redacted] but the Association as a whole is [redacted] master Association. The master policy and the Master flood will have [redacted] name. Also in the latter it states the number of units and how it it covered. Also per the letter from the Insurance, for flood, the building does not qualify for the RCBAP pursuant to the FEMA guidelines so a mortgage can't impose the minimum floor coverage for flood. We're looking the exceptions to not have to change because the association can not change anything a all lenders have been ok with ho this is presented. We are paying off the mortgage on the property for [redacted] which is a conventional lender and they were able to close as is. Looking for exception without a price if possible as this nothing the borrower has to do with. Thank you

Exception form # 686 of 697

 - Due Diligence Vendor-05/25/2023		   Waived-Exception Type Material: Appraisal
Short Description Looking for exception with Master HOA and Flood

Comments
Looking to get exception on HOA name and Master Flood. Attached is a letter from the insurance carrier explaining that our subject building is [redacted] but the Association as a whole is [redacted]. The master policy and the Master flood will have [redacted] name. Also in the latter it states the number of units and how it it covered. Also per the letter from the Insurance, for flood, the building does not qualify for the RCBAP pursuant to the FEMA guidelines so a mortgage can't impose the minimum floor coverage for flood. We're looking the exceptions to not have to change because the association can not change anything a all lenders have been ok with ho this is presented. We are paying off the mortgage on the property for [redacted] which is a conventional lender and they were able to close as is. Looking for exception without a price if possible as this nothing the borrower has to do with. Thank you

Exception form # 686 of 697

 - Due Diligence Vendor-05/25/2023
   5 years on current job, Residual income >=$3000, No credit events past 48 months, No mortgage late payments in last 24 months, Reserves>6 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 983629
XXXXXXX-2023-NQM5-32     B B B B A A A A Closed FCRE9802 2023-06-01 15:31 2023-06-01 15:31 Waived 2 - Non-Material B B Credit Eligibility Borrower is First Time Homebuyer and Program Does Not Allow This Waived-Borrower cannot be first time homebuyer for this program Exception Type:-Material: Assets
Short Description:-1st time homeowner doing DSCR
The borrower is a 1st time homeowner doing DSCR loan. Please approve!
Page no 717

 - Due Diligence Vendor-06/01/2023		   Waived-Borrower cannot be first time homebuyer for this program Exception Type:-Material: Assets
Short Description:-1st time homeowner doing DSCR
The borrower is a 1st time homeowner doing DSCR loan. Please approve!
Page no 717

 - Due Diligence Vendor-06/01/2023

   Borrower contribution exceeds requirement >=5%, Revolving debt is under 30%, No credit events past 48 months, 5+ years credit
history, No consumer late payments in last 48 months, Credit score >40 points than minimum required		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 990481
XXXXXXX-2023-NQM5-33     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-34     D A D A A A A A Closed FCRE1212 2023-06-07 08:47 2023-09-06 13:20 Resolved 1 - Information D A Credit Missing Doc Purchase Contract is Partial Resolved-member of LLC signed - Due Diligence Vendor-09/06/2023

Ready for Review-Document Uploaded. purchase Contract addendum provided - Seller-09/05/2023

Open-purchase contract has not been fully provided Addendum to contract of Sale on pg#1161 is only signed by the borrower. Sellers signatures are missing here. (By all the 3 members)  - Due Diligence Vendor-06/07/2023		 Ready for Review-Document Uploaded. Purchase Contract addendum provided - Seller-09/05/2023

 Resolved-member of LLC signed - Due Diligence Vendor-09/06/2023

     1046378_Purchase Contract Addendum.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 997020
XXXXXXX-2023-NQM5-34     C A C A A A A A Closed FCRE1176 2023-06-05 11:57 2023-06-15 14:03 Resolved 1 - Information C A Credit Insurance HO6 Insurance Policy Effective Date is after the Note Date Resolved-loan funded 6/21/22 - Due Diligence Vendor-06/15/2023
Ready for Review-Document Uploaded. Proof of funding - Seller-06/14/2023
Counter-need evidence this loan funded on [redacted].  Upon receipt, we can clear this finding.  - Due Diligence Vendor-06/13/2023
Ready for Review-Per correspondent, please advise if this will be ok: we normally don’t go by the note date for the insurance to be effective but the FUNDING date.  Since it’s a dry closing its normal to draw the note prior to the actual funding date and the funder will allow the docs out as long as the funding doesn’t take place until the EOI is effective.   - Seller-06/12/2023
Counter-this is the policy we already have.  Do not see any corrected dates. - Due Diligence Vendor-06/09/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-06/08/2023
Open-HO-6 Insurance Policy Effective Date of [redacted] is after the Note Date of [redacted] loan funded [redacted] - Due Diligence Vendor-06/05/2023		 Ready for Review-Document Uploaded. Proof of funding - Seller-06/14/2023

 Ready for Review-Per correspondent, please advise if this will be ok: we normally don’t go by the note date for the insurance to be effective but the FUNDING date.  Since it’s a dry closing its normal to draw the note prior to the actual funding date and the funder will allow the docs out as long as the funding doesn’t take place until the EOI is effective.   - Seller-06/12/2023

 Ready for Review-Document Uploaded. Please see attached  - Seller-06/08/2023

 Resolved-loan funded 6/21/22 - Due Diligence Vendor-06/15/2023

     EOI - LEE.pdf

FSS DOCS - LEE.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 993832
XXXXXXX-2023-NQM5-34     C A C A A A A A Closed FCRE1491 2023-06-05 12:06 2023-06-13 09:53 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-06/13/2023
Ready for Review-Document Uploaded. Please see attached for [redacted] - Seller-06/13/2023
Counter-[redacted] statements provided were already present.  need an additional 30 days.  [redacted] statement cleared ([redacted] now has 60 days) - Due Diligence Vendor-06/09/2023
Ready for Review-Document Uploaded. Document Uploaded.  - Seller-06/08/2023
Open-Asset Qualification Does Not Meet Guideline Requirements Missing April Bank statement for [redacted].  Only have May statements  - Due Diligence Vendor-06/05/2023		 Ready for Review-Document Uploaded. Please see attached for [redacted] - Seller-06/13/2023

 Ready for Review-Document Uploaded. Document Uploaded.  - Seller-06/08/2023

 Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-06/13/2023

     Chase 5393 - 04.14.22 to 05.12.22 - LEE.pdf

Charles Schwab 7792 - 04.01 to 04.30.pdf

Wells Fargo 7480 - 04.08.22 to 05.06.22 - LEE.pdf

Wells Fargo 7480 03.08 to 04.07.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 993851
XXXXXXX-2023-NQM5-35     C A C A A A A A Closed FCRE9991 2023-06-05 12:10 2023-06-08 07:52 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-updated tape received - Due Diligence Vendor-06/08/2023

Ready for Review-Document Uploaded. Please see attached - Seller-06/07/2023

Open-Tape has program as 2 year but loan closed with 1 year full doc.  Please update loan program to 1 yr full doc. - Due Diligence Vendor-06/05/2023		 Ready for Review-Document Uploaded. Please see attached - Seller-06/07/2023

 Resolved-updated tape received - Due Diligence Vendor-06/08/2023

     corrected tape.xlsx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 993861
XXXXXXX-2023-NQM5-36     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-37     B B B B A A A A Closed FCRE8611 2023-06-12 09:27 2023-06-12 09:27 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-account number change due to fraud
Comments Bank Statement loan, borrower had to change account numbers due to fraud. Documented notices from bank
are attached. guidelines state with management approval as this is something we handle regularly with the
documentation provided, UW requested exception in file as well. Excellent credit, ratios, employment history.
Thanks (resubmitting with correct occupancy listed per UW request)
 - Due Diligence Vendor-06/12/2023		   Waived-account number change due to fraud
Comments Bank Statement loan, borrower had to change account numbers due to fraud. Documented notices from bank
are attached. guidelines state with management approval as this is something we handle regularly with the
documentation provided, UW requested exception in file as well. Excellent credit, ratios, employment history.
Thanks (resubmitting with correct occupancy listed per UW request)
 - Due Diligence Vendor-06/12/2023

   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than
minimum required

page 142		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1002811
XXXXXXX-2023-NQM5-38     B B B B A A A A Closed FCRE1174 2023-06-12 14:00 2023-06-12 14:00 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Lender granted exception for r Master Policy deductible

see page 512
  - Due Diligence Vendor-06/12/2023		   Waived-Lender granted exception for r Master Policy deductible

see page 512
  - Due Diligence Vendor-06/12/2023

   Residual income >=$3000, No credit events past 48 months, No mortgage late payments in last 24 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1003438
XXXXXXX-2023-NQM5-39     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-39     C B C B A A A A Closed FCRE1194 2023-06-12 15:42 2023-06-20 09:39 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-[redacted] cap plus financed points. - Due Diligence Vendor-06/20/2023
Ready for Review-Per Lock Form, 2% FINANCED ADDED. Loan was priced at [redacted] LTV - Seller-06/20/2023
Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] There is an exception request for 9th Loan with [redacted] within a 6 month period [redacted] LTV.  The 9th property was approved but the LTV was capped at [redacted].
 - Due Diligence Vendor-06/12/2023		 Ready for Review-Per Lock Form, 2% FINANCED ADDED. Loan was priced at [redacted] LTV - Seller-06/20/2023

 Resolved-[redacted] cap plus financed points. - Due Diligence Vendor-06/20/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1003643
XXXXXXX-2023-NQM5-40     C B C B A A A A Closed FCRE3599 2023-06-12 15:45 2023-06-12 15:45 Waived 2 - Non-Material B B Credit Eligibility Borrower owns more financed properties than allowed per guidelines Waived-Lender granted exception for n 9th Loan with [redacted]within a 6 month period [redacted]LTV
 ***exception approved for 9th property but [redacted] max LTV***

See page 1 - Due Diligence Vendor-06/12/2023		   Waived-Lender granted exception for n 9th Loan with [redacted] within a 6 month period [redacted] LTV
 ***exception approved for 9th property but [redacted] max LTV***

See page 1 - Due Diligence Vendor-06/12/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1003645
XXXXXXX-2023-NQM5-40     D B C B A A D B Closed FCRE5778 2023-06-08 08:37 2023-06-27 07:07 Resolved 1 - Information C A Credit Eligibility Borrower 1 Credit Report is Expired Resolved-Borrower 1 Credit Report is not Expired. - Due Diligence Vendor-06/27/2023

Resolved-Document Uploaded. Lender provided Credit Report. finding is resolved - Due Diligence Vendor-06/27/2023

Counter-missing updated credit for Tara - Due Diligence Vendor-06/09/2023

Ready for Review-Document Uploaded. see attached - Seller-06/09/2023

Open-loan is over 2 yrs old.  Need new credit - Due Diligence Vendor-06/08/2023		 Ready for Review-Document Uploaded. see attached - Seller-06/09/2023

 Resolved-Borrower 1 Credit Report is not Expired. - Due Diligence Vendor-06/27/2023

 Resolved-Document Uploaded. Lender provided Credit Report. finding is resolved - Due Diligence Vendor-06/27/2023

     Credit report.pdf

Tara credit report.pdf		 QM: Safe Harbor (SH) QM: Safe Harbor (SH) [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 998798
XXXXXXX-2023-NQM5-40     D B C B A A D B Closed FCRE1501 2023-06-08 08:21 2023-06-21 09:54 Waived 2 - Non-Material C B Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Waived-Waiver for no reserves - Due Diligence Vendor-06/21/2023
Ready for Review-Document Uploaded. see attached  - Seller-06/20/2023
Counter-Email on reserves was specific to using cash out for reserves.  This file does not have enough cash back.  A separate waiver is required. - Due Diligence Vendor-06/20/2023
Ready for Review-Email was provided by secondary, please waive the condition on reserves. - Seller-06/16/2023
Counter-Email from secondary addressed using cash out for reserves.  This borrower did not receive enough for 3 months reserves.  Need waiver for no reserves. - Due Diligence Vendor-06/15/2023
Ready for Review-resolved with email from secondary - Seller-06/15/2023
Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of[redacted] Need 2 months assets to cover reserves.  no assets in file.  Borrower only received $74 back at close, this is insufficient for reserves - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. see attached  - Seller-06/20/2023

 Ready for Review-Email was provided by secondary, please waive the condition on reserves. - Seller-06/16/2023

 Ready for Review-resolved with email from secondary - Seller-06/15/2023

 Waived-Waiver for no reserves - Due Diligence Vendor-06/21/2023

   5 years on current job, Residual income >=$3000, No mortgage late payments in last 24 months 171556443_Exception%20Form%2004-21-2023_20230620205307.pdf QM: Safe Harbor (SH) QM: Safe Harbor (SH) [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 998751
XXXXXXX-2023-NQM5-40     D B C B A A D B Closed FCRE1329 2023-06-08 08:37 2023-06-15 12:44 Resolved 1 - Information C A Credit Income/Employment Borrower 1 W2/1099 Less Than 24 Months Provided Resolved-program now 1YR - Due Diligence Vendor-06/15/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/14/2023

Open-missing 2018 W2.  Loan submitted as 2 yrs Full doc.  need 2018 W2 or change program to 1Y Full doc.  Also missing paystubs  - Due Diligence Vendor-06/08/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/14/2023

 Resolved-program now 1YR - Due Diligence Vendor-06/15/2023

     updated lock to 1YR.pdf QM: Safe Harbor (SH) QM: Safe Harbor (SH) [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 998797
XXXXXXX-2023-NQM5-41     D B C B A A D B Closed FVAL1039 2023-06-08 08:38 2023-06-12 12:15 Resolved 1 - Information D A Property Value Appraised value unsupported Resolved-Document Uploaded. revised BPO present - Due Diligence Vendor-06/12/2023

Counter-need date corrected by reviewer.  current date is in the future - Due Diligence Vendor-06/09/2023

Ready for Review-Document Uploaded. See attached  - Seller-06/09/2023

Open- - Due Diligence Vendor-06/08/2023		 Ready for Review-Document Uploaded. See attached  - Seller-06/09/2023

 Resolved-Document Uploaded. revised BPO present - Due Diligence Vendor-06/12/2023

     BPO.pdf

Corrected BPO.pdf		 QM: Safe Harbor (SH) QM: Safe Harbor (SH) [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 998800
XXXXXXX-2023-NQM5-41     D A C A D A D A Closed FVAL1039 2023-09-19 09:01 2023-09-21 08:18 Resolved 1 - Information D A Property Value Appraised value unsupported Resolved-Document Uploaded. AVM supports value. Finding resolved. - Due Diligence Vendor-09/21/2023

Open-Loan is seasoned longer than 24 months and no appraisal support product is in the file. Please order a post close review product. - Due Diligence Vendor-09/19/2023		   Resolved-Document Uploaded. AVM supports value. Finding resolved. - Due Diligence Vendor-09/21/2023

     1047891_BPO (002).pdf

AVM_1047891.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1163861
XXXXXXX-2023-NQM5-41     D A C A D A D A Closed FCRE5778 2023-09-19 10:10 2023-09-20 17:13 Resolved 1 - Information C A Credit Eligibility Borrower 1 Credit Report is Expired Resolved-Document Uploaded. updated credit now present - Due Diligence Vendor-09/20/2023

Open-Loan is seasoned longer than 24 months, therefore credit needs to be updated.  - Due Diligence Vendor-09/19/2023		   Resolved-Document Uploaded. updated credit now present - Due Diligence Vendor-09/20/2023

     1047891_credit report.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1164027
XXXXXXX-2023-NQM5-41     D A C A D A D A Closed FCRE9991 2023-06-08 11:18 2023-06-15 12:33 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-1 YR doc now - Due Diligence Vendor-06/15/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/14/2023

Counter-per [redacted] 2 yr  guidelines, we need 2 years w2s.  we cannot use the original DU finding this is not using that program  - Due Diligence Vendor-06/09/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/09/2023

Open-program should be 1YR Full doc.  only 1 yr W2 in file. - Due Diligence Vendor-06/08/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/14/2023

 Ready for Review-Document Uploaded. Please see attached  - Seller-06/09/2023

 Resolved-1 YR doc now - Due Diligence Vendor-06/15/2023

     Income docs.pdf

updated lock to 1YR.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 999282
XXXXXXX-2023-NQM5-41     D A C A D A D A Closed FCRE1501 2023-06-08 11:12 2023-06-14 08:43 Resolved 1 - Information C A Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Resolved-From: [redacted]
Date: Tue, Jun 13, 2023 at 4:00 PM
Subject: [redacted] trade 344 - reserve condition waiver
To: Dennis Zehnle <dzehnle@missionglobal.com>, Sandra Davis <sandra.davis@missioncap.com>
CC: [redacted]

Hello Dennis and Sandy,

I want to let you know that we are okay with reserve shortage on [redacted] pool # 344 - seller's guidelines have been different on reserves requirement. Please be aware that we are okay to use CO proceeds as reserves on this trade loans.

Thank you,
 - Due Diligence Vendor-06/14/2023
Counter-Per Email, waiver will be provided.  - Due Diligence Vendor-06/09/2023
Ready for Review-This was a cash out refinance, during the time of this closing, cash out was acceptable towards reserves - Seller-06/09/2023
Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of [redacted] need 2 months assets for [redacted] in reserves - Due Diligence Vendor-06/08/2023		 Ready for Review-This was a cash out refinance, during the time of this closing, cash out was acceptable towards reserves - Seller-06/09/2023

 Resolved-From: [redacted]
Date: Tue, Jun 13, 2023 at 4:00 PM
Subject: [redacted] trade 344 - reserve condition waiver
To: Dennis Zehnle <dzehnle@missionglobal.com>, Sandra Davis <sandra.davis@missioncap.com>
CC: [redacted]

Hello Dennis and Sandy,

I want to let you know that we are okay with reserve shortage on [redacted] pool # 344 - seller's guidelines have been different on reserves requirement. Please be aware that we are okay to use CO proceeds as reserves on this trade loans.

Thank you,
 - Due Diligence Vendor-06/14/2023
       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 999258
XXXXXXX-2023-NQM5-41     D A C A D A D A Closed finding-3540 2023-06-09 11:01 2023-06-12 12:10 Resolved 1 - Information C A Compliance TRID Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test Resolved-received evidence that Revised Closing Disclosure issues on 07/19/2021 was sent electronically - Due Diligence Vendor-06/12/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/12/2023

Open-Provide evidence that Revised Closing Disclosure  issues on 07/19/2021  was sent electronically - Due Diligence Vendor-06/09/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/12/2023

 Resolved-received evidence that Revised Closing Disclosure issues on 07/19/2021 was sent electronically - Due Diligence Vendor-06/12/2023

     15575172_FinalComplianceCheck.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1001052
XXXXXXX-2023-NQM5-41     D A C A D A D A Closed FCOM1266 2023-06-08 10:32 2023-06-09 09:08 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/09/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/09/2023

Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-06/08/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/09/2023

 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/09/2023

     15575172_1047891 Housing Disc.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 999162
XXXXXXX-2023-NQM5-42     D A C A D A D A Closed FCOM4227 2023-06-08 13:54 2023-06-09 09:07 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-CD received.  - Due Diligence Vendor-06/09/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/09/2023

Open-Initial Closing disclosure is missing in file - Due Diligence Vendor-06/08/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/09/2023

 Resolved-CD received.  - Due Diligence Vendor-06/09/2023

     15575172_1047891 ClosingDisclosure.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 999712
XXXXXXX-2023-NQM5-42     C B B B C A A A Closed finding-3519 2023-06-15 15:07 2023-06-22 11:38 Resolved 1 - Information C A Compliance TRID Initial Closing Disclosure Delivery Date Test Resolved-electronic proof received - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/21/2023

Open-Provide evidence that Initial Closing Disclosure  issues on 05/12/2021  was sent electronically - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/21/2023

 Resolved-electronic proof received - Due Diligence Vendor-06/22/2023

     14544227_FinalComplianceCheck.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1008990
XXXXXXX-2023-NQM5-42     C B B B C A A A Closed FCRE1194 2023-06-08 16:38 2023-06-15 12:32 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-LTV exceeds max allowed per guidelines - Due Diligence Vendor-06/15/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-06/14/2023
Counter-BPO cannot be used for value only a value support product for original appraisal.  Waiver is needed - Due Diligence Vendor-06/13/2023
Ready for Review-BPO provided with updated value - LTV is below [redacted] now - Seller-06/12/2023
Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Max LTV cash out with [redacted] FICO is [redacted] - Due Diligence Vendor-06/08/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/14/2023

 Ready for Review-BPO provided with updated value - LTV is below [redacted] now - Seller-06/12/2023

 Waived-LTV exceeds max allowed per guidelines - Due Diligence Vendor-06/15/2023

   5 years on current job, No mortgage late payments in last 24 months, 5+ years credit history 170712889_Exception%20Form%2004-21-2023_20230614172745.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other Investor Post-Close No 999943
XXXXXXX-2023-NQM5-43     C B B B C A A A Closed FCRE9806 2023-06-08 16:42 2023-06-13 09:56 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-waiver received for Borrower not employed prior to closing. Borrower started receiving disability, but it was insufficient to qualify. - Due Diligence Vendor-06/13/2023
Ready for Review-Document Uploaded. Please see attached - Seller-06/13/2023
Open-Borrower is not currently employed based on post close VVOE from May 2022 (page 134) - Due Diligence Vendor-06/08/2023		 Ready for Review-Document Uploaded. Please see attached - Seller-06/13/2023

 Waived-waiver received for Borrower not employed prior to closing. Borrower started receiving disability, but it was insufficient to qualify. - Due Diligence Vendor-06/13/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history 170544706_Exception%20Form%2004-21-2023_20230613115728.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Post-Close Yes 999949
XXXXXXX-2023-NQM5-43     C B C B A A A A Closed FCRE1167 2023-06-13 16:05 2023-06-20 10:16 Resolved 1 - Information C A Credit Insurance Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s)and Replacement Cost Estimator by Insurer was not Provided Resolved-insurance coverage accepted by lender.  - Due Diligence Vendor-06/20/2023
Ready for Review-Please, be advised the subject is in [redacted] - we are not allowed to request RCE. As per the GL, the '100% Replacement Cost' verbiage is sufficient to accept the lower dwelling coverage without RCE. Thank you! - Seller-06/20/2023
Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage of [redacted] is less than all Subject Lien(s), and Guaranteed Replacement Coverage is provided but Replacement Cost Estimator by Insurer was not Provided - Due Diligence Vendor-06/13/2023		 Ready for Review-Please, be advised the subject is in [redacted] - we are not allowed to request RCE. As per the GL, the '100% Replacement Cost' verbiage is sufficient to accept the lower dwelling coverage without RCE. Thank you! - Seller-06/20/2023
 Resolved-insurance coverage accepted by lender.  - Due Diligence Vendor-06/20/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1005347
XXXXXXX-2023-NQM5-43     C B C B A A A A Closed FCRE1194 2023-06-13 16:13 2023-06-20 10:16 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-2% financed points - Due Diligence Vendor-06/20/2023
Ready for Review-Please, find the [redacted]_Lock_Confirmation.pdf in File Uploads confirming the 2% finance added. The loan was priced at LTV [redacted]. Thank you! - Seller-06/20/2023
Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted]   - there is an approved exception for the number of properties with [redacted] but the approval caps the LTV at [redacted].  See page 392 - Due Diligence Vendor-06/13/2023		 Ready for Review-Please, find the [redacted]_Lock_Confirmation.pdf in File Uploads confirming the 2% finance added. The loan was priced at LTV [redacted]. Thank you! - Seller-06/20/2023
 Resolved-2% financed points - Due Diligence Vendor-06/20/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1005360
XXXXXXX-2023-NQM5-44     C B C B A A A A Closed FCRE3599 2023-06-13 16:15 2023-06-13 16:15 Waived 2 - Non-Material B B Credit Eligibility Borrower owns more financed properties than allowed per guidelines Waived-Lender granted exception for  9th Loan with [redacted] within a 6 month period [redacted] LTV

*** # of properties approved but capped at [redacted]***

see page 392 - Due Diligence Vendor-06/13/2023		   Waived-Lender granted exception for  9th Loan with [redacted] within a 6 month period [redacted] LTV

*** # of properties approved but capped at [redacted]***

see page 392 - Due Diligence Vendor-06/13/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months, Credit score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1005362
XXXXXXX-2023-NQM5-44     C A A A C A A A Closed FCOM4028 2023-06-13 10:42 2023-06-22 11:53 Resolved 1 - Information A A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved- - Due Diligence Vendor-06/22/2023

Resolved-Missing evidence of Mortgage recording Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/16/2023		   Resolved-Missing evidence of Mortgage recording Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/16/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1004722
XXXXXXX-2023-NQM5-45     C A A A C A A A Closed 2260 2023-06-19 13:13 2023-06-22 11:53 Resolved 1 - Information C A Compliance Mavent Prepayment: Penalty Resolved-lender confirmed no PP - Due Diligence Vendor-06/22/2023
Ready for Review-There is no Prepayment on loan, it was charged as 0 so there is Prepayment Adjustments on Lock confirmation.  - Seller-06/22/2023
Open-confirm no prepayment penalty for [redacted] Investment home - Due Diligence Vendor-06/19/2023		 Ready for Review-There is no Prepayment on loan, it was charged as 0 so there is Prepayment Adjustments on Lock confirmation.  - Seller-06/22/2023

 Resolved-lender confirmed no PP - Due Diligence Vendor-06/22/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1012046
XXXXXXX-2023-NQM5-46     C A C A A A A A Closed FCRE9806 2023-06-14 12:39 2023-06-20 10:18 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-CD for new purchase received. - Due Diligence Vendor-06/20/2023
Ready for Review-Document Uploaded. File was closed [redacted]. Please find Final CD attached - Seller-06/20/2023
Open- - please provide payment information on the new [redacted] loan for the primary residence.  - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. File was closed 6/9/23. Please find Final CD attached - Seller-06/20/2023

 Resolved-CD for new purchase received. - Due Diligence Vendor-06/20/2023

     eDoc - Ashley Rawlins.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1006901
XXXXXXX-2023-NQM5-47     C B A A A A C B Closed FVAL5524 2023-06-13 13:46 2023-06-29 08:50 Waived 2 - Non-Material C B Property Property Ineligible Property Waived-Waiver for one unit less than 500 sq ft - Due Diligence Vendor-06/29/2023

Ready for Review-Document Uploaded. Please find Exception form attached - Seller-06/28/2023

Open-unit 2 is less than 500 sq ft - Due Diligence Vendor-06/13/2023		 Ready for Review-Document Uploaded. Please find Exception form attached - Seller-06/28/2023

 Waived-Waiver for one unit less than 500 sq ft - Due Diligence Vendor-06/29/2023

   Revolving debt is under 30%, Residual income >=$3000, 5+ years credit history, Borrower contribution exceeds requirement >=5%,
Reserves>6 months		 172501473_Exception%20Form%2004-21-2023_20230628134557.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Post-Close Yes 1005096
XXXXXXX-2023-NQM5-47     D B D B A A A A Closed FCRE1236 2023-06-12 17:35 2023-09-11 15:55 Resolved 1 - Information C A Credit Eligibility Occupancy Not Allowed Resolved- - Due Diligence Vendor-09/11/2023
Ready for Review-Document Uploaded. Please find Hazard Insurance attached (see page 5 for corrected name) - Seller-09/11/2023
Open-Warranty deed signed at closing, seller final HUD and Insurance, title and contract are all in Borrowers LLC [redacted].  Note, Deed and Borrower final CD are in borrower name.  LLC docs are present and title use them to prepare Warranty deed and all seller docs.  LLC is not allowed on second homes.  Occupany issues as this appears to be investment. - Due Diligence Vendor-06/12/2023		 Ready for Review-Document Uploaded. Please find Hazard Insurance attached (see page 5 for corrected name) - Seller-09/11/2023

       1045612_updated insurance.PDF

1045612_updated insurance.PDF		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1003745
XXXXXXX-2023-NQM5-47     D B D B A A A A Closed FCRE9806 2023-06-12 17:39 2023-09-11 15:54 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-Guidelines allow guidelines say if only one borrower on loan and one borrower on SOS then that is acceptable as proof of 100% ownership - this clears the finding - Due Diligence Vendor-09/11/2023
Open-All closing docs do not match.  Seller final HUD has borrower name as [redacted], Notarized and executed Warranty Deed has buyer as [redacted], Addendum to HUD signed by borrower as [redacted] all title disclosures were signed as LLC.  Note, Deed and Cd are borrower name individual - Due Diligence Vendor-06/12/2023		   Resolved-Guidelines allow guidelines say if only one borrower on loan and one borrower on SOS then that is acceptable as proof of 100% ownership - this clears the finding - Due Diligence Vendor-09/11/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1003747
XXXXXXX-2023-NQM5-47     D B D B A A A A Closed FCRE1500 2023-06-12 17:25 2023-07-06 10:05 Waived 2 - Non-Material C B Credit Assets Liquid Funds Post-Close is less than $0 Waived-waiver for short reserves - Due Diligence Vendor-07/06/2023
Ready for Review-Document Uploaded. Please find Exception form attached - Seller-07/03/2023
Counter-We need [redacted] for reserves.  We are still short because of the [redacted] special assessment that is due in less than 10 months that was not paid at closing.  (CPA letter issue is resolved those, can now use 100%) - Due Diligence Vendor-06/15/2023
Ready for Review-Document Uploaded. Please find accurate CPA Letter attached - Seller-06/15/2023
Open-Liquid Funds Post Close are less than $0 Two issues- page 189 letter from accountants says borrower can only use 10% of business funds.  Account [redacted] is business account and where majority of assets are held.  2- had to further reduce cash to close by [redacted] for special assetments due in 2 installments in less than 12 months.  (seller gave credit for [redacted] but no proof assessments were paid)  need proof paid or assets to cover this too.  - Due Diligence Vendor-06/12/2023		 Ready for Review-Document Uploaded. Please find Exception form attached - Seller-07/03/2023

 Ready for Review-Document Uploaded. Please find accurate CPA Letter attached - Seller-06/15/2023

 Waived-waiver for short reserves - Due Diligence Vendor-07/06/2023

   5 years on current job, Residual income >=$3000, 10 years or more in same line of employment, No mortgage late payments in last
24 months, 5+ years credit history, No consumer late payments in last 48 months
 Scan_2018_01_31_21_35_09_259FINAL.pdf

172614533_Exception%20Form%2004-21-2023_20230630170550.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA Originator Post-Close Yes 1003739
XXXXXXX-2023-NQM5-48     D B D B A A A A Closed FCOM4028 2023-06-12 16:55 2023-06-16 08:44 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/16/2023

Ready for Review-Recorded Mtg will be provided upon the receipt - Seller-06/15/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/12/2023		 Ready for Review-Recorded Mtg will be provided upon the receipt - Seller-06/15/2023

 Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-06/16/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1003720
XXXXXXX-2023-NQM5-48     D A D A A A D A Closed FPRO116 2023-06-13 10:49 2023-06-30 08:51 Resolved 1 - Information C A Property Property Other Property/Value Finding Resolved-lender acknowledges error and is ok with error from appraiser - Due Diligence Vendor-06/30/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/29/2023

Counter-We need a letter from correspondent lender acknowledging the concerns below. - Due Diligence Vendor-06/22/2023

Ready for Review-From our correspondent par[redacted]er in regards to this: This was done as a primary and what the appraiser stated was missed by us or this would have been addressed. Please advise what you need in order to clear this condition - Seller-06/22/2023

Open-appraisal (page 241) states all 4 unites are rented by tenants. This is a primary.  1 unit should not be rented - Due Diligence Vendor-06/13/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/29/2023
 Ready for Review-From our correspondent partner in regards to this: This was done as a primary and what the appraiser stated was missed by us or this would have been addressed. Please advise what you need in order to clear this condition - Seller-06/22/2023
 Resolved-lender acknowledges error and is ok with error from appraiser - Due Diligence Vendor-06/30/2023

     Zamora.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1004734
XXXXXXX-2023-NQM5-48     D A D A A A D A Closed FCRE1145 2023-06-13 10:38 2023-06-22 13:02 Resolved 1 - Information D A Credit Missing Doc Title Document Missing Resolved-final title received - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. please see attached  - Seller-06/22/2023

Open-Title Document is missing final policy needed - Due Diligence Vendor-06/13/2023		 Ready for Review-Document Uploaded. please see attached  - Seller-06/22/2023

 Resolved-final title received - Due Diligence Vendor-06/22/2023

     Zamora  Policy.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1004719
XXXXXXX-2023-NQM5-48     D A D A A A D A Closed FCOM4028 2023-06-13 09:28 2023-06-22 12:56 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-recorded mtg now present - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/22/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/13/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/22/2023

 Resolved-recorded mtg now present - Due Diligence Vendor-06/22/2023

     Zamora  DOT.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1004561
XXXXXXX-2023-NQM5-48     D A D A A A D A Closed FCRE9991 2023-06-13 10:56 2023-06-15 14:20 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-tape received - Due Diligence Vendor-06/15/2023
Ready for Review-Document Uploaded. See attached - Seller-06/15/2023
Open-DTI is 35.61.  Debts include the mortgage with [redacted]  and $25 for [redacted] plus primary new PITIA.  File does not show ex wife pays [redacted] and 1008 says it was included.  With out proof ex pays we included.  Please update tape - Due Diligence Vendor-06/13/2023		 Ready for Review-Document Uploaded. See attached - Seller-06/15/2023

 Resolved-tape received - Due Diligence Vendor-06/15/2023

     corrected tape.xlsx QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1004749
XXXXXXX-2023-NQM5-48     D A D A A A D A Closed FVAL1039 2023-06-14 09:16 2023-06-15 11:58 Resolved 1 - Information D A Property Value Appraised value unsupported Resolved-Value support provided - Due Diligence Vendor-06/15/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/15/2023

Open- - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/15/2023

 Resolved-Value support provided - Due Diligence Vendor-06/15/2023

     BPO.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1006302
XXXXXXX-2023-NQM5-48     D A D A A A D A Closed FVAL9739 2023-06-13 10:59 2023-06-15 11:58 Resolved 1 - Information C A Property Appraisal Property/Appraisal General Resolved-BPO provided. - Due Diligence Vendor-06/15/2023

Ready for Review-Document Uploaded. Please see attached - Seller-06/15/2023

Open-appraisal is expired over 2 yr old - Due Diligence Vendor-06/13/2023		 Ready for Review-Document Uploaded. Please see attached - Seller-06/15/2023

 Resolved-BPO provided. - Due Diligence Vendor-06/15/2023

     BPO.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1004760
XXXXXXX-2023-NQM5-49     D A D A A A D A Closed FCRE1182 2023-06-13 10:58 2023-06-15 11:57 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-loan approval provided. - Due Diligence Vendor-06/15/2023

Ready for Review-Document Uploaded. See attached  - Seller-06/15/2023

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-06/13/2023		 Ready for Review-Document Uploaded. See attached  - Seller-06/15/2023

 Resolved-loan approval provided. - Due Diligence Vendor-06/15/2023

     approval.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1004755
XXXXXXX-2023-NQM5-49     D A D A D A A A Closed FCRE1356 2023-06-14 11:30 2023-10-23 13:44 Resolved 1 - Information D A Credit Missing Doc Borrower 2 YTD Profit & Loss Missing Resolved-Borrower 2 Y[redacted] Profit & Loss Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-06/28/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/27/2023

Open-Borrower 2 Y[redacted] Profit & Loss Missing Income for self employed B2 last verified 12/31/2021 but this more than 60 days from NOte.  need P/L - A Y[redacted] P&L (Borrower required to sign the P&L) if a gap exists between the tax return A Y[redacted] P&L (Borrower required to sign the P&L) if a gap exists between the tax return (page 39) - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/27/2023

 Resolved-Borrower 2 YTD Profit & Loss Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-06/28/2023

     P&L.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1006671
XXXXXXX-2023-NQM5-49     D A D A D A A A Closed FCRE1491 2023-06-14 12:01 2023-08-21 13:59 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-06/26/2023
Resolved-consecutive months now present - Due Diligence Vendor-06/26/2023
Ready for Review-Document Uploaded. February attached  - Seller-06/23/2023
Counter-Acct [redacted] need Feb as the Jan statement is not consecutive.  Per guides - reflecting a consecutive 60 days of asset verification - Due Diligence Vendor-06/21/2023
Ready for Review-Document Uploaded. Please see attached - Seller-06/21/2023
Open-Asset Qualification Does Not Meet Guideline Requirements missing additional month statement for [redacted] (have 3/10/22 only) and [redacted] (only have 2/28) need 60 days - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. February attached  - Seller-06/23/2023

 Ready for Review-Document Uploaded. Please see attached - Seller-06/21/2023

 Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-06/26/2023

 Resolved-consecutive months now present - Due Diligence Vendor-06/26/2023

     Wells acct.3368 01.31.2022 (Patel).pdf

Wells acct. 8500 01.31.2022 (P.Patel).pdf

Wells 8500 02.28.2022 (P.Patel).pdf		 QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1006785
XXXXXXX-2023-NQM5-49     D A D A D A A A Closed FCRE9991 2023-06-14 12:05 2023-06-23 09:37 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-first tape has corrected DTI , second tape the program is right but DTI is less - still within 3% so cleared. - Due Diligence Vendor-06/23/2023

Ready for Review-Document Uploaded. please see attached  - Seller-06/22/2023

Counter-Program type on uploaded tape is still incorrect.  Needs to show 1 YR Full doc. - Due Diligence Vendor-06/20/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/19/2023

Open-#1- DTI is 41.88%.  Need updated tape.  Lender didnt use 1% for deferred student loan payments.  #2- Fix program to 1YR FUll docs.  B1 does not have 2 years of W2s - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. please see attached  - Seller-06/22/2023

 Ready for Review-Document Uploaded. Please see attached  - Seller-06/19/2023

 Resolved-first tape has corrected DTI , second tape the program is right but DTI is less - still within 3% so cleared. - Due Diligence Vendor-06/23/2023

     corrected tape.xlsx

corrected tape.xlsx		 QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1006788
XXXXXXX-2023-NQM5-49     D A D A D A A A Closed FCOM1266 2023-06-14 11:13 2023-06-21 10:43 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/21/2023

Ready for Review-Document Uploaded. Please see attached - Seller-06/21/2023

Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. Please see attached - Seller-06/21/2023

 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/21/2023

     HOMEOWNERSHIP DISCLOSURE - PATEL.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1006638
XXXXXXX-2023-NQM5-49     D A D A D A A A Closed FCRE1176 2023-06-14 15:44 2023-06-21 10:42 Resolved 1 - Information C A Credit Insurance HO6 Insurance Policy Effective Date is after the Note Date Resolved-funded 4/7/2023 - Due Diligence Vendor-06/21/2023
Ready for Review-Document Uploaded. Evidence file funded [redacted] - this evidence was used to clear the insurance issue on the other loan with this pool - Seller-06/21/2023
Open-HO-6 Insurance Policy Effective Date of [redacted] is after the Note Date of [redacted] - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. Evidence file funded 04/06 - this evidence was used to clear the insurance issue on the other loan with this pool - Seller-06/21/2023

 Resolved-funded 4/7/2023 - Due Diligence Vendor-06/21/2023

     FSS - PATEL.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1007426
XXXXXXX-2023-NQM5-50     D A D A D A A A Closed FCRE1182 2023-06-14 12:17 2023-06-20 10:35 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-received loan approval - Due Diligence Vendor-06/20/2023

Ready for Review-Document Uploaded. please see attached  - Seller-06/19/2023

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. please see attached  - Seller-06/19/2023

 Resolved-received loan approval - Due Diligence Vendor-06/20/2023

     approval.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1006848
XXXXXXX-2023-NQM5-50     C B C B A A A A Closed FCRE7375 2023-06-14 16:06 2023-06-27 08:59 Waived 2 - Non-Material C B Credit Borrower Citizenship Does Not Meet Guideline Requirements Waived-Waiver for no valid ID.  Borrower states on 1003 they are US citizen.  W2s in file with SS number and works for US post office.   - Due Diligence Vendor-06/27/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/26/2023

Open-need ID - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/26/2023

 Waived-Waiver for no valid ID.  Borrower states on 1003 they are US citizen.  W2s in file with SS number and works for US post office.   - Due Diligence Vendor-06/27/2023

   Residual income >=$3000, No credit events past 48 months, No mortgage late payments in last 24 months 172271255_Exception%20Form%2004-21-2023_20230626194541.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Investor Post-Close No 1007452
XXXXXXX-2023-NQM5-50     C B C B A A A A Closed FCRE6026 2023-06-14 15:59 2023-06-26 11:08 Waived 2 - Non-Material C B Credit Income/Employment Potential Employment/income Issues identified in the file Waived-waiver for less than 2 years self employed - Due Diligence Vendor-06/26/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-06/23/2023
Counter-a waiver is required for less than 2 years self employed - Due Diligence Vendor-06/23/2023
Ready for Review-Please see correspondent response: . Borrower second job not documented Borrower does not have 2 yrs as contractor (sch C) for [redacted]. switched from an employee of [redacted] to doing contract work. Do not have 2 years as a contractor, VVOE, 2 years tax returns for self employment income or a P/L for Y[redacted] to support stability for this job. – We do not have those docs.
5.Still need a copy of borrower’s id. – Still do not have
 - Seller-06/22/2023
Open-Borrower second job not documented Borrower does not have 2 yrs as contractor (sch C) for [redacted].  switched from an employee of [redacted]  to doing contract work.  Do not have 2 years as a contractor, VVOE, 2 years tax returns for self employment income or a P/L for Y[redacted] to support stability for this job.   - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/23/2023
 Ready for Review-Please see correspondent response: . Borrower second job not documented Borrower does not have 2 yrs as contractor (sch C) for [redacted]. switched from an employee of [redacted] to doing contract work. Do not have 2 years as a contractor, VVOE, 2 years tax returns for self employment income or a P/L for YTD to support stability for this job. – We do not have those docs.
5.Still need a copy of borrower’s id. – Still do not have
 - Seller-06/22/2023
 Waived-waiver for less than 2 years self employed - Due Diligence Vendor-06/26/2023

   Residual income >=$3000, No credit events past 48 months, No mortgage late payments in last 24 months 172006459_Exception%20Form%2004-21-2023_20230623210820.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1007448
XXXXXXX-2023-NQM5-51     C B C B A A A A Closed FCRE1440 2023-06-14 15:40 2023-06-20 11:01 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-waiver for housing history lates - Due Diligence Vendor-06/20/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-06/20/2023
Open-Housing History Does Not Meet Guideline Requirements Borrower had 138 days late on [redacted] as of 9/2021 (2months before closing).  This does not meet guidelines.  Was in Forbearance and 5 past dues after loan was in Forbearance (see pages 121 - 131) - Due Diligence Vendor-06/14/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/20/2023

 Waived-waiver for housing history lates - Due Diligence Vendor-06/20/2023

   DTI >=10% lower than loan program, Other: specify below
808 FICO, 74% LTV, 28% DTI
 171525704_Exception%20Form%2004-21-2023_20230620131049.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1007419
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed FCOM1544 2023-06-26 12:35 2023-06-29 08:46 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-Received electronic proof - Due Diligence Vendor-06/29/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/28/2023

Open-Provide evidence that Initial Closing Disclosure  issues on 05/11/2021  was sent electronically - Due Diligence Vendor-06/26/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/28/2023

 Resolved-Received electronic proof - Due Diligence Vendor-06/29/2023

     13273245_FinalComplianceCheck.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1023111
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed FCRE5778 2023-06-15 07:02 2023-06-28 07:12 Waived 2 - Non-Material C B Credit Eligibility Borrower 1 Credit Report is Expired Waived-Unable to provide updated/recent credit report with scores
Comments borrower has frozen credit
 - Due Diligence Vendor-06/28/2023
Ready for Review-Document Uploaded. See attached  - Seller-06/27/2023
Counter-no scores all bureaus are frozen - Due Diligence Vendor-06/26/2023
Ready for Review-Document Uploaded. see attached  - Seller-06/22/2023
Counter-Credit report needs to be less than 2 years old. Need new credit pull to support.  Credit report is 2 years old 4/2021 - Due Diligence Vendor-06/16/2023
Ready for Review-Document Uploaded. file was closed [redacted], most recent  credit  report is date 04/27/2021.Original credit report was in file on page 86-120 dated 02/03/2021 - Seller-06/15/2023
Open-2 yrs old - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. See attached  - Seller-06/27/2023

 Ready for Review-Document Uploaded. see attached  - Seller-06/22/2023

 Ready for Review-Document Uploaded. file was closed 05/15/2021, most recent  credit  report is date 04/27/2021.Original credit report was in file on page 86-120 dated 02/03/2021 - Seller-06/15/2023

 Waived-Unable to provide updated/recent credit report with scores
Comments borrower has frozen credit
 - Due Diligence Vendor-06/28/2023

   Compensating Factors
5 years on current job, Residual income >=$3000, LTV 10% below maximum		 1047791_13273245 Oliver Zhang Credit Report.pdf

softpull.pdf

172400317_Exception%20Form%2004-21-2023_20230627182336.pdf		 QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other Investor Post-Close No 1007995
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed FCOM9970 2023-06-15 08:40 2023-06-26 14:12 Resolved 1 - Information D A Compliance Missing Doc Missing Compliance Documentation Unable to Test Compliance Resolved-compliance now run - Due Diligence Vendor-06/26/2023

Ready for Review-cd in file now - Due Diligence Vendor-06/26/2023

Ready for Review-Document Uploaded. see attached - Seller-06/23/2023

Open-Missing final TIL and/or other documentation necessary to run Compliance Testing. Initial CD is missing hence not run compliance.
 - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. see attached - Seller-06/23/2023

 Resolved-compliance now run - Due Diligence Vendor-06/26/2023

     ClosingDisclosure_13273245__20210511_114433.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1008221
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed 50001258 2023-06-26 13:17 2023-06-26 13:26 Resolved 1 - Information C A Compliance TRID Tolerance Charges That In Total Cannot Increase More Than 10% Test Resolved-Resolved - Due Diligence Vendor-06/26/2023

Open-The total amount of the 10% category fees on the last Closing Disclosure ($1,573.00) has increased by more than 10% over the current baseline value of ($1,237.00). The total amount of fees in the 10% category cannot exceed ($1,360.70). The following fee(s) have either increased from their baseline disclosure or have been recently added: (Settlement or Closing Fee, Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). - Due Diligence Vendor-06/26/2023		   Resolved-Resolved - Due Diligence Vendor-06/26/2023

       QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1023237
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed 50001257 2023-06-26 13:17 2023-06-26 13:26 Resolved 1 - Information C A Compliance TRID Tolerance Charges That In Total Cannot Increase More Than 10% Test Resolved-Resolved - Due Diligence Vendor-06/26/2023

Open-The total amount of the 10% category fees ($1,573.00) has increased by more than 10% over the current baseline value of ($1,237.00). The total amount of fees in the 10% category cannot exceed ($1,360.70). The following fee(s) have either increased from their baseline disclosure or have been recently added: (Settlement or Closing Fee, Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). - Due Diligence Vendor-06/26/2023		   Resolved-Resolved - Due Diligence Vendor-06/26/2023

       QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1023238
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed 50001251 2023-06-26 12:24 2023-06-26 12:27 Resolved 1 - Information C A Compliance TRID Tolerance Charges That Cannot Increase Test Resolved-Resolved - Due Diligence Vendor-06/26/2023

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). - Due Diligence Vendor-06/26/2023		   Resolved-Resolved - Due Diligence Vendor-06/26/2023

       QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1023093
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed 50001252 2023-06-26 12:24 2023-06-26 12:27 Resolved 1 - Information C A Compliance Mavent Insufficent Change of Circumstance Resolved-Resolved - Due Diligence Vendor-06/26/2023

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). - Due Diligence Vendor-06/26/2023		   Resolved-Resolved - Due Diligence Vendor-06/26/2023

       QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1023094
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed FCOM4028 2023-06-15 05:59 2023-06-26 12:01 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Evidence of Mortgage Recording is present or Mortgage has been sent for Recording - Due Diligence Vendor-06/26/2023

Resolved-recorded doc present - Due Diligence Vendor-06/26/2023

Ready for Review-Document Uploaded. see attached
 - Seller-06/23/2023

Counter-Just need a copy of the recorded mortgage. - Due Diligence Vendor-06/16/2023

Ready for Review-Recorded mortgage  will be provided once we settle the trade with corr. lender. - Seller-06/15/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. see attached
 - Seller-06/23/2023

 Ready for Review-Recorded mortgage  will be provided once we settle the trade with corr. lender. - Seller-06/15/2023

 Resolved-Evidence of Mortgage Recording is present or Mortgage has been sent for Recording - Due Diligence Vendor-06/26/2023

 Resolved-recorded doc present - Due Diligence Vendor-06/26/2023

     13273245oliverzhang_PCSECURITYINSTRUMENT.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1007900
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed FCRE1254 2023-06-15 06:30 2023-06-26 11:13 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-final title now present - Due Diligence Vendor-06/26/2023

Ready for Review-Document Uploaded. see attached - Seller-06/23/2023

Counter-Copy of title policy should be available loan is 2 years old - Due Diligence Vendor-06/16/2023

Ready for Review-Tinal title policy will be provided once we settle the trade with corr. lender. - Seller-06/15/2023

Open-Property Title Issue missing final title policy - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. see attached - Seller-06/23/2023

 Ready for Review-Tinal title policy will be provided once we settle the trade with corr. lender. - Seller-06/15/2023

 Resolved-final title now present - Due Diligence Vendor-06/26/2023

     13273245Oliverzhang_TITLEPOLICY.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1007915
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed FCOM4227 2023-06-15 08:39 2023-06-26 11:12 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-initial CD now present. - Due Diligence Vendor-06/26/2023

Ready for Review-Document Uploaded. see attached - Seller-06/23/2023

Open-Initial Closing disclosure is missing in file - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. see attached - Seller-06/23/2023

 Resolved-initial CD now present. - Due Diligence Vendor-06/26/2023

     ClosingDisclosure_13273245__20210511_114433.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1008216
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed FVAL1039 2023-06-15 07:01 2023-06-21 11:43 Resolved 1 - Information D A Property Value Appraised value unsupported Resolved-accepted per Dennis.
Only .03% off. We will accept this as support.
 
A. Dennis Zehnle | Mg. Director
 - Due Diligence Vendor-06/21/2023

Counter-Value not supported. - Due Diligence Vendor-06/21/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/20/2023

Open-need value support. - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/20/2023

 Resolved-accepted per Dennis.
Only .03% off. We will accept this as support.
 
A. Dennis Zehnle | Mg. Director
 - Due Diligence Vendor-06/21/2023

     BPO.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1007993
XXXXXXX-2023-NQM5-51     D B D B D A D A Closed FVAL7199 2023-06-15 07:01 2023-06-21 11:14 Resolved 1 - Information C A Property Appraisal Appraisal Expired Resolved-Updated value product provided. - Due Diligence Vendor-06/21/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/20/2023

Counter- - Due Diligence Vendor-06/16/2023

Resolved-Appraisal was done on time need a value within 2 years - Due Diligence Vendor-06/16/2023

Ready for Review-Appraisal date is 04/01/2021 ,closing was 05/15/2021 -at time of closing appraisal was not expired. Please refer to page 203 of credit package - Seller-06/15/2023

Open- - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/20/2023

 Ready for Review-Appraisal date is 04/01/2021 ,closing was 05/15/2021 -at time of closing appraisal was not expired. Please refer to page 203 of credit package - Seller-06/15/2023

 Resolved-Updated value product provided. - Due Diligence Vendor-06/21/2023

 Resolved-Appraisal was done on time need a value within 2 years - Due Diligence Vendor-06/16/2023

     BPO.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1007994
XXXXXXX-2023-NQM5-52     D B D B D A D A Closed FCOM1266 2023-06-15 06:05 2023-06-16 12:29 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/16/2023

Ready for Review-Document Uploaded. Please review uploaded document. - Seller-06/16/2023

Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. Please review uploaded document. - Seller-06/16/2023

 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/16/2023

     1047791_Homeownership counseling disclosure.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1007904
XXXXXXX-2023-NQM5-52     D A D A D A A A Closed FCOM9970 2023-06-16 08:45 2023-06-27 10:52 Resolved 1 - Information D A Compliance Missing Doc Missing Compliance Documentation Unable to Test Compliance Resolved-done - Due Diligence Vendor-06/27/2023

Ready for Review-received   - Due Diligence Vendor-06/27/2023

Ready for Review-Document Uploaded. See attached  - Seller-06/26/2023

Open-Missing final TIL and/or other documentation necessary to run Compliance Testing. Initial CD is missing hence not run compliance. - Due Diligence Vendor-06/16/2023		 Ready for Review-Document Uploaded. See attached  - Seller-06/26/2023

 Resolved-done - Due Diligence Vendor-06/27/2023

     ClosingDisclosure_15010797__20211117_094915.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1009956
XXXXXXX-2023-NQM5-52     D A D A D A A A Closed 50001251 2023-06-27 09:59 2023-06-27 10:02 Resolved 1 - Information C A Compliance TRID Tolerance Charges That Cannot Increase Test Resolved-Resolved - Due Diligence Vendor-06/27/2023

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Evidence of Insurance Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). - Due Diligence Vendor-06/27/2023		   Resolved-Resolved - Due Diligence Vendor-06/27/2023

       QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1024637
XXXXXXX-2023-NQM5-52     D A D A D A A A Closed 50001252 2023-06-27 09:59 2023-06-27 10:02 Resolved 1 - Information C A Compliance Mavent Insufficent Change of Circumstance Resolved-Resolved - Due Diligence Vendor-06/27/2023

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Evidence of Insurance Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). - Due Diligence Vendor-06/27/2023		   Resolved-Resolved - Due Diligence Vendor-06/27/2023

       QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1024638
XXXXXXX-2023-NQM5-52     D A D A D A A A Closed FCOM4028 2023-06-15 10:44 2023-06-27 09:40 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Evidence of Mortgage Recording is present or Mortgage has been sent for Recording - Due Diligence Vendor-06/27/2023

Resolved-recorded document received  - Due Diligence Vendor-06/27/2023

Ready for Review-Document Uploaded. see attached  - Seller-06/26/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. see attached  - Seller-06/26/2023

 Resolved-Evidence of Mortgage Recording is present or Mortgage has been sent for Recording - Due Diligence Vendor-06/27/2023

 Resolved-recorded document received  - Due Diligence Vendor-06/27/2023

     RecordedMortgageDOT (15).pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1008517
XXXXXXX-2023-NQM5-52     D A D A D A A A Closed FCOM1266 2023-06-15 11:13 2023-06-27 09:18 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/27/2023

Resolved-received disclosure - Due Diligence Vendor-06/27/2023

Ready for Review-Document Uploaded. See attached  - Seller-06/26/2023

Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. See attached  - Seller-06/26/2023

 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/27/2023

 Resolved-received disclosure - Due Diligence Vendor-06/27/2023

     Payamps.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1008553
XXXXXXX-2023-NQM5-52     D A D A D A A A Closed FCOM1228 2023-06-16 08:53 2023-06-27 09:16 Resolved 1 - Information D A Compliance Missing Doc Other Rider is Missing Resolved-now present. - Due Diligence Vendor-06/27/2023

Ready for Review-Document Uploaded. See attached  - Seller-06/26/2023

Open-Acknowledgment Waiver Rider  missing in file. - Due Diligence Vendor-06/16/2023		 Ready for Review-Document Uploaded. See attached  - Seller-06/26/2023

 Resolved-now present. - Due Diligence Vendor-06/27/2023

     Rider.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1009989
XXXXXXX-2023-NQM5-52     D A D A D A A A Closed FCRE1254 2023-06-15 11:48 2023-06-27 09:16 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-policy present. - Due Diligence Vendor-06/27/2023

Ready for Review-Document Uploaded. See attached  - Seller-06/26/2023

Open-Property Title Issue final title  policy - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. See attached  - Seller-06/26/2023

 Resolved-policy present. - Due Diligence Vendor-06/27/2023

     LoanPolicy1 (13).pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1008609
XXXXXXX-2023-NQM5-52     D A D A D A A A Closed FCOM4227 2023-06-16 08:45 2023-06-27 09:15 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-CD now present. - Due Diligence Vendor-06/27/2023

Ready for Review-Document Uploaded. See attached  - Seller-06/26/2023

Open-Initial Closing disclosure is missing in file - Due Diligence Vendor-06/16/2023		 Ready for Review-Document Uploaded. See attached  - Seller-06/26/2023

 Resolved-CD now present. - Due Diligence Vendor-06/27/2023

     ClosingDisclosure_15010797__20211117_094915.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1009955
XXXXXXX-2023-NQM5-52     D A D A D A A A Closed FCRE1194 2023-06-15 12:05 2023-06-27 09:12 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-updated credit received. - Due Diligence Vendor-06/27/2023
Ready for Review-Document Uploaded. Mid Fico now [redacted] - Seller-06/26/2023
Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] max cash out for [redacted] CS is [redacted] - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. Mid Fico now 755 - Seller-06/26/2023

 Resolved-updated credit received. - Due Diligence Vendor-06/27/2023

     softpull.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1008628
XXXXXXX-2023-NQM5-53     D A D A D A A A Closed FCRE9991 2023-06-15 12:06 2023-06-21 11:23 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-program updated. - Due Diligence Vendor-06/21/2023

Ready for Review-Document Uploaded. see attached  - Seller-06/20/2023

Open-program should be 1YR full doc.  Borrower only has 1 year W2 (wage) - Due Diligence Vendor-06/15/2023		 Ready for Review-Document Uploaded. see attached  - Seller-06/20/2023

 Resolved-program updated. - Due Diligence Vendor-06/21/2023

     lock.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1008629
XXXXXXX-2023-NQM5-53     B B B B A A A A Closed FCRE9991 2023-06-16 13:51 2023-07-07 08:13 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-updated to match lender neg rents of $-896.16  DTI now matches lender - Due Diligence Vendor-07/07/2023

Open-1008 DTI 49.458%  1008 DTI is missing $599 in debt that is not reflected in the final 1003. Audited DTI 30.42%   - Due Diligence Vendor-06/16/2023		   Resolved-updated to match lender neg rents of $-896.16  DTI now matches lender - Due Diligence Vendor-07/07/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1010643
XXXXXXX-2023-NQM5-53     B B B B A A A A Closed FCRE8611 2023-06-16 13:56 2023-06-16 13:56 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Lender granted exception for subject property rental income to be used when borrower lives rent free

see page 303 - Due Diligence Vendor-06/16/2023		   Waived-Lender granted exception for subject property rental income to be used when borrower lives rent free

see page 303 - Due Diligence Vendor-06/16/2023

   DTI >=10% lower than loan program, No mortgage late payments in last 24 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1010655
XXXXXXX-2023-NQM5-53     B B B B A A A A Closed FCRE9806 2023-06-16 13:55 2023-06-16 13:55 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-Lender granted exception for HOA reserves 7.9% Full condo

see page 301 - Due Diligence Vendor-06/16/2023		   Waived-Lender granted exception for HOA reserves 7.9% Full condo

see page 301 - Due Diligence Vendor-06/16/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1010653
XXXXXXX-2023-NQM5-53     B B B B A A A A Closed FCRE9068 2023-06-16 13:54 2023-06-16 13:54 Waived 2 - Non-Material B B Credit Eligibility Borrower does not meet residual income requirement Waived-Lender granted exception for Residual income $1,693.49
****audited residual income $2,193.21 within guidelines****

see page 300 - Due Diligence Vendor-06/16/2023		   Waived-Lender granted exception for Residual income $1,693.49
****audited residual income $2,193.21 within guidelines****

see page 300 - Due Diligence Vendor-06/16/2023

   No credit events past 48 months, LTV 10% below maximum, 5 years same line of work
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1010651
XXXXXXX-2023-NQM5-54     B B B B A A A A Closed FCRE1158 2023-06-16 13:52 2023-06-16 13:52 Waived 2 - Non-Material B B Credit Missing Doc Hazard Insurance Policy is Partial Waived-Lender granted exception for HO6 doesn't include wind and Hail coverage

see page 299 - Due Diligence Vendor-06/16/2023		   Waived-Lender granted exception for HO6 doesn't include wind and Hail coverage

see page 299 - Due Diligence Vendor-06/16/2023

   No credit events past 48 months, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1010647
XXXXXXX-2023-NQM5-55     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-55     D A D A D A A A Closed FCOM1266 2023-06-19 14:56 2023-06-22 13:36 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. Please find attached - Seller-06/21/2023

Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-06/19/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-06/21/2023

 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/22/2023

     housing Seems.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1012185
XXXXXXX-2023-NQM5-55     D A D A D A A A Closed FCOM4028 2023-06-19 14:50 2023-06-22 13:35 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-recorded mtg now present - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. Please find attached - Seller-06/21/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/19/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-06/21/2023

 Resolved-recorded mtg now present - Due Diligence Vendor-06/22/2023

     14467675SEEM_PCSECURITYINSTRUMENT.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1012176
XXXXXXX-2023-NQM5-55     D A D A D A A A Closed FCOM4227 2023-06-20 09:20 2023-06-22 13:34 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-electronic delivery received - Due Diligence Vendor-06/22/2023
Ready for Review-Document Uploaded. Please find attached - Seller-06/21/2023
Open-Provide evidence that Revised Closing Disclosure  issues on [redacted] was sent electronically - Due Diligence Vendor-06/20/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-06/21/2023

 Resolved-electronic delivery received - Due Diligence Vendor-06/22/2023

     14467675_FinalComplianceCheck.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1013130
XXXXXXX-2023-NQM5-56     D A D A D A A A Closed FCRE1182 2023-06-19 16:18 2023-06-21 08:30 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-06/21/2023

Ready for Review-Document Uploaded. Please find attached - Seller-06/20/2023

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-06/19/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-06/20/2023

 Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-06/21/2023

     1047797_Approval Letter.pdf

1047797_1008.pdf		 QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1012252
XXXXXXX-2023-NQM5-56     D B D B D A D B Closed FCRE9991 2023-06-21 13:20 2023-06-28 08:20 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-program is now locked at 1 yr full doc - Due Diligence Vendor-06/28/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-06/27/2023

Counter-This shows a 1YR P&L, but program is 1YR Full doc.  please fix - Due Diligence Vendor-06/23/2023

Ready for Review-Document Uploaded. see attached - Seller-06/23/2023

Open-program should be 1YR full doc - Due Diligence Vendor-06/21/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/27/2023

 Ready for Review-Document Uploaded. see attached - Seller-06/23/2023

 Resolved-program is now locked at 1 yr full doc - Due Diligence Vendor-06/28/2023

     lock.pdf

Lock.pdf		 QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1015829
XXXXXXX-2023-NQM5-56     D B D B D A D B Closed FVAL1039 2023-06-21 13:20 2023-06-23 11:25 Waived 2 - Non-Material D B Property Value Appraised value unsupported Waived-LTV exceeds max allowed for rural properties - Due Diligence Vendor-06/23/2023

Ready for Review-Document Uploaded. Waiver for LTV and use of 2055 - Seller-06/23/2023

Counter-waiver is required to accept a 2055 in lieu of a full appraisal - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. see attached - Seller-06/22/2023

Open-need support product - Due Diligence Vendor-06/21/2023		 Ready for Review-Document Uploaded. Waiver for LTV and use of 2055 - Seller-06/23/2023

 Ready for Review-Document Uploaded. see attached - Seller-06/22/2023

 Waived-LTV exceeds max allowed for rural properties - Due Diligence Vendor-06/23/2023

   No mortgage late payments in last 24 months, 5+ years credit history, Other: specify below
741 Mid Fico
 5654926_1047909_MissionGlobal_6.14.2023.pdf

exception.pdf		 QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other Investor Post-Close No 1015825
XXXXXXX-2023-NQM5-56     D B D B D A D B Closed 5000640 2023-06-22 15:02 2023-06-23 11:23 Resolved 1 - Information C A Compliance Mavent License: Loan Originator Resolved-Resolved - Due Diligence Vendor-06/23/2023
Ready for Review-They wouldn’t be  listed under [redacted] this was a broker originated loan. The broker was [redacted] was the originating LO for the broker. - Seller-06/23/2023
Open-[redacted] is not listed in the employment history for [redacted] in NMLS Consumer Access website.  - Due Diligence Vendor-06/22/2023
Open-A relationship between [redacted] (NMLS ID: [redacted]) and the company (Company NMLS ID: [redacted]) does not exist in the NMLS as of 2021-08-31.  However, other relationship(s) were found in the NMLS for this individual and may be found in the NMLS Info section. - Due Diligence Vendor-06/22/2023		 Ready for Review-They wouldn’t be  listed under [redacted] this was a broker originated loan. The broker was [redacted] was the originating LO for the broker. - Seller-06/23/2023
 Resolved-Resolved - Due Diligence Vendor-06/23/2023

       QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1018797
XXXXXXX-2023-NQM5-56     D B D B D A D B Closed FCRE1194 2023-06-21 13:19 2023-06-22 15:53 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-waiver for LTV exceeding max allowed on rural - Due Diligence Vendor-06/22/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-06/22/2023
Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] cash out rural max ltv is [redacted] - Due Diligence Vendor-06/21/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-06/22/2023

 Waived-waiver for LTV exceeding max allowed on rural - Due Diligence Vendor-06/22/2023

   No mortgage late payments in last 24 months, 5+ years credit history, Other: specify below
741 Mid Fico		 171869332_Exception%20Form%2004-21-2023_20230622201448.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other Investor Post-Close No 1015819
XXXXXXX-2023-NQM5-56     D B D B D A D B Closed FCOM9970 2023-06-21 14:59 2023-06-22 15:33 Resolved 1 - Information D A Compliance Missing Doc Missing Compliance Documentation Unable to Test Compliance Resolved-compliance ran - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. see attached  - Seller-06/22/2023

Open-Missing final TIL and/or other documentation necessary to run Compliance Testing. Initial Closing disclosure is missing in the file
 - Due Diligence Vendor-06/21/2023		 Ready for Review-Document Uploaded. see attached  - Seller-06/22/2023

 Resolved-compliance ran - Due Diligence Vendor-06/22/2023

     ClosingDisclosure_16063144__20210824_113553.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1016205
XXXXXXX-2023-NQM5-56     D B D B D A D B Closed FCOM1266 2023-06-21 12:50 2023-06-22 15:00 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. see attached  - Seller-06/22/2023

Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-06/21/2023		 Ready for Review-Document Uploaded. see attached  - Seller-06/22/2023

 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-06/22/2023

     cork.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1015719
XXXXXXX-2023-NQM5-56     D B D B D A D B Closed FPRO1242 2023-06-21 13:20 2023-06-22 14:16 Resolved 1 - Information D A Property Missing Doc Appraisal is Missing Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-06/22/2023

Ready for Review-correspondent only used exterior only for this one, we also provided BPO - Seller-06/22/2023

Open-Full appraisal not in file only a 2055 - Due Diligence Vendor-06/21/2023		 Ready for Review-correspondent only used exterior only for this one, we also provided BPO - Seller-06/22/2023

 Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-06/22/2023

       QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1015823
XXXXXXX-2023-NQM5-56     D B D B D A D B Closed FCOM4227 2023-06-21 14:56 2023-06-22 13:58 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-initial CD provided - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. see attached  - Seller-06/22/2023

Open-Initial Closing disclosure is missing in the file - Due Diligence Vendor-06/21/2023		 Ready for Review-Document Uploaded. see attached  - Seller-06/22/2023

 Resolved-initial CD provided - Due Diligence Vendor-06/22/2023

     ClosingDisclosure_16063144__20210824_113553.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1016188
XXXXXXX-2023-NQM5-56     D B D B D A D B Closed FCRE1182 2023-06-21 13:19 2023-06-22 13:57 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-approval received. - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. Document Uploaded.  - Seller-06/22/2023

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-06/21/2023		 Ready for Review-Document Uploaded. Document Uploaded.  - Seller-06/22/2023

 Resolved-approval received. - Due Diligence Vendor-06/22/2023

     approval.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1015816
XXXXXXX-2023-NQM5-57     D B D B D A D B Closed FCRE1145 2023-06-21 13:08 2023-06-22 13:54 Resolved 1 - Information D A Credit Missing Doc Title Document Missing Resolved-final title received. - Due Diligence Vendor-06/22/2023

Ready for Review-Document Uploaded. see attached  - Seller-06/22/2023

Open-Title Document is missing final title - Due Diligence Vendor-06/21/2023		 Ready for Review-Document Uploaded. see attached  - Seller-06/22/2023

 Resolved-final title received. - Due Diligence Vendor-06/22/2023

     Title Policy - Mortgage.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1015778
XXXXXXX-2023-NQM5-58     C A C A A A A A Closed FCRE6843 2023-06-22 09:35 2023-10-09 13:04 Resolved 1 - Information C A Credit Assets Asset General Resolved-new gift letter obtained. - Due Diligence Vendor-10/09/2023

Ready for Review-Document Uploaded.  - Seller-10/09/2023

Counter-please provide evidence underwriter has reviewed this document. - Due Diligence Vendor-08/11/2023

Ready for Review-Document Uploaded. Document Uploaded.  - Seller-08/10/2023

Open-missing gift letter for $3905.96 gift on HUD at closing.  - Due Diligence Vendor-06/22/2023		 Ready for Review-Document Uploaded.  - Seller-10/09/2023

 Ready for Review-Document Uploaded. Document Uploaded.  - Seller-08/10/2023

 Resolved-new gift letter obtained. - Due Diligence Vendor-10/09/2023

     gift letter.pdf

1047156_revised gift letter.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1017466
XXXXXXX-2023-NQM5-58     C A C A A A A A Closed FCRE4989 2023-06-23 16:17 2023-08-16 09:07 Resolved 1 - Information C A Credit Closing Collections, liens or judgments not paid at closing Resolved-lender provided paid receipt - Due Diligence Vendor-08/16/2023

Ready for Review-Document Uploaded. Please, find attached the proof of payment. Thank you! - Seller-08/16/2023

Open-2 IRs judgment accounts are open in the name of the borrower. Need a proof  that it is paid off.
Note: refer pg.#290 for $392.01 , ref Id ***W005-9  &  pg.#291 for $4,197.02, ref Id ***W0004-5.
Per guideline:- Tax liens and court-ordered judgments must be paid in full.  - Due Diligence Vendor-06/23/2023		 Ready for Review-Document Uploaded. Please, find attached the proof of payment. Thank you! - Seller-08/16/2023

 Resolved-lender provided paid receipt - Due Diligence Vendor-08/16/2023

     1045020_Proof of payment.jpg ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1021116
XXXXXXX-2023-NQM5-58     C A C A A A A A Closed FCRE1501 2023-06-22 15:33 2023-08-03 10:29 Resolved 1 - Information C A Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Resolved-updated asset balance received. - Due Diligence Vendor-08/03/2023

Ready for Review-Document Uploaded. Please, find the May BS attached. It shows enough funds to cover the shortage. Thank you! - Seller-08/02/2023

Open-Total Qualified Assets for Reserves Post-Close of $7478.28 is less than Total Required Reserve Amount of $10178.34 Please provide reserves proof for the remaining amount of $2,700.06 - Due Diligence Vendor-06/23/2023		 Ready for Review-Document Uploaded. Please, find the May BS attached. It shows enough funds to cover the shortage. Thank you! - Seller-08/02/2023

 Resolved-updated asset balance received. - Due Diligence Vendor-08/03/2023

     1045020 BS.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1018880
XXXXXXX-2023-NQM5-59     C A C A A A A A Closed FCRE1480 2023-06-23 15:36 2023-07-20 08:38 Resolved 1 - Information C A Credit Assets Asset 2 Does Not Meet Guideline Requirements Resolved-donor wires present. - Due Diligence Vendor-07/20/2023

Ready for Review-Document Uploaded. Please, find the proof of wire receipt from Title. Thank you! - Seller-07/19/2023

Open-Asset Record 2 Does Not Meet G/L Requirements Gift LOX only present - pg.#51
Please provide a proof for $20,169.83 transferred to the borrower or the title company as gift letter says to be transferred at closing.  Also need proof of donor's source.  These funds are needed as without gift borrower is further short assets    - Due Diligence Vendor-06/23/2023		 Ready for Review-Document Uploaded. Please, find the proof of wire receipt from Title. Thank you! - Seller-07/19/2023

 Resolved-donor wires present. - Due Diligence Vendor-07/20/2023

     1045020_Proof of Wire receipt.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1021069
XXXXXXX-2023-NQM5-59     B B B B A A A A Closed FCRE1493 2023-06-25 12:14 2023-06-25 12:14 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Lender granted exception for Limited tradelines

see page 16 - Due Diligence Vendor-06/25/2023		   Waived-Lender granted exception for Limited tradelines

see page 16 - Due Diligence Vendor-06/25/2023

   Credit score >40% than minimum required, Revolving debt is under 30%, No consumer late payments in last 48 months, 5+ years credit history, No mortgage late payments in last 24 months, No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1021621
XXXXXXX-2023-NQM5-60     B B B B A A A A Closed FCRE5275 2023-06-25 12:13 2023-06-25 12:13 Waived 2 - Non-Material B B Credit Eligibility Asset do not meet guidelines Waived-Lender granted exception for Gift funds for closing costs

see page 15 - Due Diligence Vendor-06/25/2023		   Waived-Lender granted exception for Gift funds for closing costs

see page 15 - Due Diligence Vendor-06/25/2023

   Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40% than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1021620
XXXXXXX-2023-NQM5-61     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-61     D A D A A A A A Closed 123ABJ 2023-06-24 09:10 2023-08-23 10:09 Resolved 1 - Information D A Credit Missing Doc Missing VVOE dated within 10 days consummation Resolved-CPA letter signed and is within 120 days of closing.  - Due Diligence Vendor-08/23/2023

Ready for Review-Document Uploaded. Please see dated CPA letter in attachment - Seller-08/23/2023

Open-No VVOE in file - CPA letter Page 159 PDF 1 is undated.  - Due Diligence Vendor-06/24/2023		 Ready for Review-Document Uploaded. Please see dated CPA letter in attachment - Seller-08/23/2023

 Resolved-CPA letter signed and is within 120 days of closing.  - Due Diligence Vendor-08/23/2023

     CPA dated.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1021290
XXXXXXX-2023-NQM5-62     D A D A A A A A Closed FCRE1317 2023-06-28 09:46 2023-08-23 10:07 Resolved 1 - Information C A Credit Income/Employment Borrower 1 Total Years Employment Verified is Less Than 24 Months Resolved-guidelines updated and this meets new guides. - Due Diligence Vendor-08/23/2023
Ready for Review-Document Uploaded. Per our GL we allow for change of structure. Please see dated CPA letter that indicated borrower began his business in [redacted] and then changed the structure of his business and incorporated as an LLC. We don’t need to confirm only borrower changed company name. - Seller-08/23/2023
Open-Per CPA letter and borrower letter, (pages 158 and 159)  this guideline was not met.  Need a waiver for business open less than 2 years- The business needs to have existed for at least the last two years OR if the borrower changed company name in the last 2 years, [redacted] must receive evidence of the previous business existence
within the same line of business within the last 5 years. - Due Diligence Vendor-06/28/2023		 Ready for Review-Document Uploaded. Per our GL we allow for change of structure. Please see dated CPA letter that indicated borrower began his business in 4/12/2021 and then changed the structure of his business and incorporated as an LLC. We don’t need to confirm only borrower changed company name. - Seller-08/23/2023

 Resolved-guidelines updated and this meets new guides. - Due Diligence Vendor-08/23/2023

     CPA dated.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1026739
XXXXXXX-2023-NQM5-63     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-64     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-65     B B A A A A B B Closed FVAL9739 2023-06-27 16:24 2023-06-27 16:24 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type Material: Appraisal
Short Description SQFT is below 500 SQFT

Comments
Approved exception form required for the following: SQFT is below 500 SQFT ** Our subject SQft is 408

Exception page # 851


 - Due Diligence Vendor-06/27/2023		   Waived-Exception Type Material: Appraisal
Short Description SQFT is below 500 SQFT

Comments
Approved exception form required for the following: SQFT is below 500 SQFT ** Our subject SQft is 408

Exception page # 851


 - Due Diligence Vendor-06/27/2023

   No credit events past 48 months, No consumer late payments in last 48 months, LTV 10% below maximum, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1025600
XXXXXXX-2023-NQM5-65     C B C B A A A A Closed FCRE1198 2023-06-27 13:13 2023-06-30 09:25 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-waiver for DTI, LTV exceeds max allowable, file short reserve requirement, missing evidence gift funds received. - Due Diligence Vendor-06/30/2023

Ready for Review-Document Uploaded. Please see attached exception - Seller-06/29/2023

Open-Audited Reserves of 0.31 month(s) are less than Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-06/27/2023		 Ready for Review-Document Uploaded. Please see attached exception - Seller-06/29/2023

 Waived-waiver for DTI, LTV exceeds max allowable, file short reserve requirement, missing evidence gift funds received. - Due Diligence Vendor-06/30/2023

   Residual income >=$3000, No mortgage late payments in last 24 months, 5+ years credit history exception_1049486.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Investor Post-Close No 1025135
XXXXXXX-2023-NQM5-65     C B C B A A A A Closed FCRE1194 2023-06-27 13:13 2023-06-30 09:25 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-waiver for DTI, LTV exceeds max allowable, file short reserve requirement, missing evidence gift funds received. - Due Diligence Vendor-06/30/2023
Ready for Review-Document Uploaded. Please see attached exception - Seller-06/29/2023
Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Max LTV due to credit score and new construction PUD - Due Diligence Vendor-06/27/2023		 Ready for Review-Document Uploaded. Please see attached exception - Seller-06/29/2023

 Waived-waiver for DTI, LTV exceeds max allowable, file short reserve requirement, missing evidence gift funds received. - Due Diligence Vendor-06/30/2023

   Residual income >=$3000, No mortgage late payments in last 24 months, 5+ years credit history exception_1049486.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Investor Post-Close No 1025134
XXXXXXX-2023-NQM5-65     C B C B A A A A Closed FCRE1193 2023-06-27 13:13 2023-06-30 09:25 Waived 2 - Non-Material C B Credit Eligibility Audited DTI Exceeds Guideline DTI Waived-waiver for DTI, LTV exceeds max allowable, file short reserve requirement, missing evidence gift funds received. - Due Diligence Vendor-06/30/2023

Ready for Review-Document Uploaded. Please see attached exception - Seller-06/29/2023

Open-Audited DTI of 54.4% exceeds Guideline DTI of 50% max DTI for a 660 credit score is 50% - Due Diligence Vendor-06/27/2023		 Ready for Review-Document Uploaded. Please see attached exception - Seller-06/29/2023

 Waived-waiver for DTI, LTV exceeds max allowable, file short reserve requirement, missing evidence gift funds received. - Due Diligence Vendor-06/30/2023

   Residual income >=$3000, No mortgage late payments in last 24 months, 5+ years credit history exception_1049486.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Investor Post-Close No 1025132
XXXXXXX-2023-NQM5-65     C B C B A A A A Closed FCRE1491 2023-06-27 13:09 2023-06-30 09:24 Waived 2 - Non-Material C B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Waiver for no proof borrower received gift funds. - Due Diligence Vendor-06/30/2023

Ready for Review-Document Uploaded. Please see attached exception - Seller-06/29/2023

Open-Asset Qualification Does Not Meet Guideline Requirements Need updated State Employee FCU account statement to show borrower received donors gift of $10k.  Have copy of gift letter and wire but no proof it was received.   - Due Diligence Vendor-06/27/2023		 Ready for Review-Document Uploaded. Please see attached exception - Seller-06/29/2023

 Waived-Waiver for no proof borrower received gift funds. - Due Diligence Vendor-06/30/2023

   Residual income >=$3000, No mortgage late payments in last 24 months, 5+ years credit history exception_1049486.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Investor Post-Close No 1025116
XXXXXXX-2023-NQM5-66     C B C B A A A A Closed FCRE9991 2023-06-27 13:14 2023-06-29 10:38 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-corrected tape present - Due Diligence Vendor-06/29/2023
Ready for Review-Document Uploaded. See attached  - Seller-06/28/2023
Open-loan amount is [redacted] - Due Diligence Vendor-06/27/2023		 Ready for Review-Document Uploaded. See attached  - Seller-06/28/2023

 Resolved-corrected tape present - Due Diligence Vendor-06/29/2023

     corrected tape.xlsx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1025136
XXXXXXX-2023-NQM5-66     D B D B A A A A Closed FCRE1212 2023-06-30 16:23 2023-07-12 11:13 Resolved 1 - Information D A Credit Missing Doc Purchase Contract is Partial Resolved-executed contract received. - Due Diligence Vendor-07/12/2023
Ready for Review-Document Uploaded. Please see attached, signed by parties - purchase contracts do not need to be notarized.  - Seller-07/11/2023
Open-purchase contract has not been fully provided CORSICA MASTER DISCLOSURE AND INFORMATION ADDENDUM TO purchase AND SALE AGREEMENT [redacted] is not executed.  - Due Diligence Vendor-06/30/2023		 Ready for Review-Document Uploaded. Please see attached, signed by parties - Purchase contracts do not need to be notarized.  - Seller-07/11/2023

 Resolved-executed contract received. - Due Diligence Vendor-07/12/2023

     PC.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1032747
XXXXXXX-2023-NQM5-67     D B D B A A A A Closed FCRE9802 2023-06-28 16:51 2023-06-28 16:53 Waived 2 - Non-Material B B Credit Eligibility Borrower is First Time Homebuyer and Program Does Not Allow This Waived-Borrower cannot be first time homebuyer for this program Exception Type:-Material: Credit
Short Description:-Bor. doesn't own any property
Approved exception form required for the following: Borrower is a FTHB on DSCR purchase
Page no 943 - Due Diligence Vendor-06/28/2023		   Waived-Borrower cannot be first time homebuyer for this program Exception Type:-Material: Credit
Short Description:-Bor. doesn't own any property
Approved exception form required for the following: Borrower is a FTHB on DSCR purchase
Page no 943 - Due Diligence Vendor-06/28/2023

   No credit events past 48 months, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1028191
XXXXXXX-2023-NQM5-67     D B D B A A A A Closed FCRE9500 2023-06-29 08:37 2023-09-29 08:00 Resolved 1 - Information D A Credit Missing Doc Missing Letter of Explanation (Assets) Resolved-After review the correlation of the gift letter and the closing information clears the finding - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded. Please see updated gift letter in attachment - Seller-09/29/2023

Open-Corrected Gift Letter from Donor. Page 70 lists incorrect Account Source (account listed is borrower and spouse). Please provide corrected letter identifying the correct account source and number of the donor's gift. - Due Diligence Vendor-06/29/2023		 Ready for Review-Document Uploaded. Please see updated gift letter in attachment - Seller-09/29/2023

 Resolved-After review the correlation of the gift letter and the closing information clears the finding - Due Diligence Vendor-09/29/2023

     Gift lettter.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1028919
XXXXXXX-2023-NQM5-67     D B D B A A A A Closed FCRE8611 2023-06-28 10:13 2023-06-28 10:13 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived- Page 331 Exception to 4 NSF's 12 month Bank stmt loan - 1 over the  Guideline. - Due Diligence Vendor-06/28/2023   Waived- Page 331 Exception to 4 NSF's 12 month Bank stmt loan - 1 over the  Guideline. - Due Diligence Vendor-06/28/2023

   5 years current job, Residual income >$3,000, No credit events past 48 months, No mortgage lates last 24 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1026831
XXXXXXX-2023-NQM5-68     D B D B A A A A Closed FCRE1456 2023-06-28 10:11 2023-06-28 10:11 Waived 2 - Non-Material B B Credit Assets Asset 2 Less Than 2 Months Verified Waived-Page 330 - Exception to accept newer account [redacted] -opened less than 60 days -Gift and EMD out of this account.  - Due Diligence Vendor-06/28/2023   Waived-Page 330 - Exception to accept newer account [redacted] -opened less than 60 days -Gift and EMD out of this account.  - Due Diligence Vendor-06/28/2023
   5 years current job, Residual income >$3,000, No credit events past 48 months, No mortgage lates last 24 months, 5+ yrs credit history    Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1026822
XXXXXXX-2023-NQM5-69     D A D A A A A A Closed FCRE5116 2023-06-29 12:49 2023-10-02 09:27 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-VOM is missing for the acc [redacted]

 - Due Diligence Vendor-10/02/2023
Ready for Review-Document Uploaded. PC exception granted - Seller-10/02/2023
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. VOM for acc [redacted] as this is on the subject property - Due Diligence Vendor-06/29/2023		 Ready for Review-Document Uploaded. PC exception granted - Seller-10/02/2023

 Resolved-VOM is missing for the acc [redacted]

 - Due Diligence Vendor-10/02/2023
   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
Experienced investor with 2+ investment properties, No credit events past 48 months, 5+ years credit history, Credit score >40 points than
minimum required		 184913614_Exception%20Form%2009-14-2023_20231002111723.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1029777
XXXXXXX-2023-NQM5-69     D B D B A A D B Closed FVAL1039 2023-06-29 13:03 2023-07-06 11:42 Resolved 1 - Information D A Property Value Appraised value unsupported Resolved-AVM now in file and supports - Due Diligence Vendor-07/06/2023

Ready for Review-Document Uploaded. See attached - Seller-06/30/2023

Open- - Due Diligence Vendor-06/29/2023		 Ready for Review-Document Uploaded. See attached - Seller-06/30/2023

 Resolved-AVM now in file and supports - Due Diligence Vendor-07/06/2023

     AVM_1049024.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1029842
XXXXXXX-2023-NQM5-69     D B D B A A D B Closed FPRO1001 2023-06-29 13:03 2023-07-06 11:40 Resolved 1 - Information B B Property Appraisal Property Inspection Waiver (PIW) - GSE Eligible Resolved-Value supported PIW value. Finding is resolved. - Due Diligence Vendor-07/06/2023

Ready for Review-Document Uploaded. Document Uploaded.  - Seller-06/30/2023

Ready for Review-Document Uploaded.  - Seller-06/30/2023

Open-missing value support - Due Diligence Vendor-06/29/2023		 Ready for Review-Document Uploaded. Document Uploaded.  - Seller-06/30/2023

 Ready for Review-Document Uploaded.  - Seller-06/30/2023

 Resolved-Value supported PIW value. Finding is resolved. - Due Diligence Vendor-07/06/2023

     AVM_1049024.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1029838
XXXXXXX-2023-NQM5-69     D B D B A A D B Closed FCOM4028 2023-06-29 12:00 2023-07-06 11:37 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-recorded mtg present now - Due Diligence Vendor-07/06/2023

Ready for Review-Document Uploaded. See attached - Seller-06/30/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-06/29/2023		 Ready for Review-Document Uploaded. See attached - Seller-06/30/2023

 Resolved-recorded mtg present now - Due Diligence Vendor-07/06/2023

     recorded mortgage.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1029602
XXXXXXX-2023-NQM5-69     D B D B A A D B Closed FCRE1335 2023-06-29 13:05 2023-07-06 11:31 Waived 2 - Non-Material D B Credit Missing Doc Borrower 1 IRS Transcripts Missing Waived-unable to obtain 2018 transcripts closed.  lender did not require at time. - Due Diligence Vendor-07/06/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-07/03/2023

Open-Missing transcripts for the 2018 borrower 1 return (2 yrs tax returns in file but only 1 yrs transcript was found) - Due Diligence Vendor-06/29/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-07/03/2023

 Waived-unable to obtain 2018 transcripts closed.  lender did not require at time. - Due Diligence Vendor-07/06/2023

   Compensating Factors
5 years on current job, No mortgage late payments in last 24 months, 2+ borrowers on the loan		 173088055_Exception%20Form%2004-21-2023_20230703200747.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Purchase NA Investor Post-Close No 1029856
XXXXXXX-2023-NQM5-70     D B D B A A D B Closed FCRE1326 2023-06-29 13:04 2023-07-06 11:31 Waived 2 - Non-Material D B Credit Missing Doc Borrower 1 YTD Profit & Loss Missing Waived-Unable to obtain dated P&L, unable to obtain 2018 tax transcripts
Comments Correspondent underwriting guidelines did not require these items to qualify
 - Due Diligence Vendor-07/06/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-07/03/2023

Open-P&L on page 180 is not dated by borrower - Due Diligence Vendor-06/29/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-07/03/2023

 Waived-Unable to obtain dated P&L, unable to obtain 2018 tax transcripts
Comments Correspondent underwriting guidelines did not require these items to qualify
 - Due Diligence Vendor-07/06/2023

   Compensating Factors
5 years on current job, No mortgage late payments in last 24 months, 2+ borrowers on the loan		 173088055_Exception%20Form%2004-21-2023_20230703200747.pdf QM: Verified Safe Harbor (VSH) QM: Verified Safe Harbor (VSH) [redacted] [redacted] Primary Residence Purchase NA Investor Post-Close No 1029844
XXXXXXX-2023-NQM5-70     D B D B A A A A Closed FCRE6019 2023-07-10 08:43 2023-09-26 12:11 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-09/26/2023
Ready for Review-It was confirmed with the Broker the Origin Country of the borrower is [redacted]  - Seller-09/26/2023
Open-Borrower 1 Citizenship Documentation Is Missing Only a [redacted] ID and I-797 provided in PDFs. Need proof of Origin Country. - Due Diligence Vendor-07/10/2023		 Ready for Review-It was confirmed with the Broker the Origin Country of the borrower is [redacted].  - Seller-09/26/2023
 Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-09/26/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1043944
XXXXXXX-2023-NQM5-71     D B D B A A A A Closed FCRE8611 2023-06-29 14:12 2023-06-29 14:12 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Exception on page 442

2 borrowers on bank statements, all income main borrower

Approved with conditions of 0.125 to the rate, LOE from the 2nd person on the statements confirming there is no income that's his required. - Due Diligence Vendor-06/29/2023		   Waived-Exception on page 442

2 borrowers on bank statements, all income main borrower

Approved with conditions of 0.125 to the rate, LOE from the 2nd person on the statements confirming there is no income that's his required. - Due Diligence Vendor-06/29/2023

   Several income sources and DTI below 45%, Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, 2+ borrowers on the loan, Borrower contribution exceeds requirement >=5%   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1030088
XXXXXXX-2023-NQM5-71     C B C B A A A A Closed FCRE1501 2023-06-30 10:29 2023-08-23 10:36 Waived 2 - Non-Material C B Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Waived-Allowed to proceed with borrower is short in reserves.
 - Due Diligence Vendor-08/23/2023

Ready for Review-Document Uploaded. Please see exception form in attachment - Seller-08/22/2023

Open-Total Qualified Assets for Reserves Post-Close of $12033.53 is less than Total Required Reserve Amount of $12198.99 short reserves by $166.  this is already accounting for the $32k in gifts. - Due Diligence Vendor-06/30/2023		 Ready for Review-Document Uploaded. Please see exception form in attachment - Seller-08/22/2023

 Waived-Allowed to proceed with borrower is short in reserves.
 - Due Diligence Vendor-08/23/2023

   Comments
Compensating Factors
5 years on current job, Residual income >=$3000, No credit events past 48 months, 5+ years credit history		 Exception form.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1031709
XXXXXXX-2023-NQM5-72     C B C B A A A A Closed FCRE1491 2023-06-30 10:29 2023-07-07 13:52 Waived 2 - Non-Material B B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Asset Qualification Does Not Meet Guideline Requirements waiver for gifts on WVOE program - Due Diligence Vendor-07/07/2023   Waived-Asset Qualification Does Not Meet Guideline Requirements waiver for gifts on WVOE program - Due Diligence Vendor-07/07/2023

   Compensating Factors
5 years on current job, No credit events past 48 months, 5+ years credit history
page 368		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1031708
XXXXXXX-2023-NQM5-73     B B B B A A A A Closed FCRE1491 2023-07-06 09:06 2023-07-06 09:06 Waived 2 - Non-Material B B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Asset Qualification Does Not Meet Guideline Requirements No assets in file -Lender exception page 291 to permit cash out for reserve requirement - Due Diligence Vendor-07/06/2023   Waived-Asset Qualification Does Not Meet Guideline Requirements No assets in file -Lender exception page 291 to permit cash out for reserve requirement - Due Diligence Vendor-07/06/2023

   DSCR > 1.3,  No mortgage lates last 24 months, No credit events past 48 months.   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1038171
XXXXXXX-2023-NQM5-74     C A C A A A A A Closed FCRE6696 2023-07-10 10:02 2023-08-28 08:15 Resolved 1 - Information C A Credit Income/Employment Employment Self-Employed Less Than 2 Years at Origination Resolved-corrected and dated letter now present. - Due Diligence Vendor-08/28/2023

Ready for Review-Document Uploaded. Please find attached - Seller-08/28/2023

Open-2 items needed- CPA Letter states company in operation since febuary 2021, However, the Dept of State Division of Corporation states the entity initially filed Sept 2021.  Second- Please address. Also the accountant letter on page 8 is not dated.
 - Due Diligence Vendor-07/10/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-08/28/2023

 Resolved-corrected and dated letter now present. - Due Diligence Vendor-08/28/2023

     Updated CPA letter .pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1044223
XXXXXXX-2023-NQM5-75     D A D A A A A A Closed FCRE5116 2023-07-06 14:53 2023-07-21 08:55 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-lender addressed - Due Diligence Vendor-07/21/2023

Ready for Review-Please, find the Lease Agreement merged with complete credit pkg, pp.303-309. The lease is in the name of Parents & borrower is residing at the place as per 1003. Conservatively, we have given a hit of $1,200 as monthly rent. Thank you!  - Seller-07/20/2023

Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. VOR is missing for monthly  $1200 declared. - Due Diligence Vendor-07/06/2023		 Ready for Review-Please, find the Lease Agreement merged with complete credit pkg, pp.303-309. The lease is in the name of Parents & borrower is residing at the place as per 1003. Conservatively, we have given a hit of $1,200 as monthly rent. Thank you!  - Seller-07/20/2023

 Resolved-lender addressed - Due Diligence Vendor-07/21/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1039086
XXXXXXX-2023-NQM5-76     C A C A A A A A Closed FCRE1493 2023-07-07 15:18 2023-07-21 10:35 Resolved 1 - Information C A Credit Eligibility Trade line count does not meet program requirements Resolved-lender sent proof of alt trade payments - Due Diligence Vendor-07/21/2023

Ready for Review-Document Uploaded. Alternative tradelines were applied. Please, find attached. Thank you! - Seller-07/20/2023

Open-Borrower only has one open tradeline from over 12 months not counting the accounts that are authorized user.  - Due Diligence Vendor-07/07/2023		 Ready for Review-Document Uploaded. Alternative tradelines were applied. Please, find attached. Thank you! - Seller-07/20/2023

 Resolved-lender sent proof of alt trade payments - Due Diligence Vendor-07/21/2023

     Alternative tradeline.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1041554
XXXXXXX-2023-NQM5-76     D B D B D A C B Closed FCOM4028 2023-07-06 05:37 2023-07-13 11:04 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-final recorded docs received - Due Diligence Vendor-07/13/2023

Ready for Review-Document Uploaded. see attached - Seller-07/13/2023

Counter-wont load - Due Diligence Vendor-07/13/2023

Ready for Review-Document Uploaded. see attached  - Seller-07/12/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. see attached - Seller-07/13/2023

 Ready for Review-Document Uploaded. see attached  - Seller-07/12/2023

 Resolved-final recorded docs received - Due Diligence Vendor-07/13/2023

     DocumentId_5706792_LoanNumber_560868_Mortgage.pdf

DocumentId_5706794_LoanNumber_560868_Policy.pdf

Mortgage and title.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037634
XXXXXXX-2023-NQM5-76     D B D B D A C B Closed FCRE1148 2023-07-06 05:56 2023-07-13 11:04 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-final recorded docs received - Due Diligence Vendor-07/13/2023
Ready for Review-Document Uploaded. See attached  - Seller-07/13/2023
Counter-document wont load - Due Diligence Vendor-07/13/2023
Ready for Review-Document Uploaded. see attached - Seller-07/12/2023
Open-Title Coverage Amount of $0 is Less than Total Amount of Subject Lien(s) of [redacted] need final title with correct loan amount coverage - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. See attached  - Seller-07/13/2023

 Ready for Review-Document Uploaded. see attached - Seller-07/12/2023

 Resolved-final recorded docs received - Due Diligence Vendor-07/13/2023

     DocumentId_5706794_LoanNumber_560868_Policy.pdf

Mortgage and title.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037649
XXXXXXX-2023-NQM5-76     D B D B D A C B Closed FCRE8459 2023-07-06 05:08 2023-07-13 09:56 Waived 2 - Non-Material C B Credit Eligibility Borrower Entity Ownership does not meet guidelines Waived-Unable to obtain -waived per [redacted] - Due Diligence Vendor-07/13/2023
Ready for Review-to be waived/rescinded per email from [redacted] - Seller-07/11/2023
Open-Business entity [redacted] is owned by [redacted].  [redacted]owned by [redacted].  Do not have the entity docs for either of these. - Due Diligence Vendor-07/06/2023		 Ready for Review-to be waived/rescinded per email from [redacted] - Seller-07/11/2023

 Waived-Unable to obtain -waived per [redacted] - Due Diligence Vendor-07/13/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals, No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1037610
XXXXXXX-2023-NQM5-76     D B D B D A C B Closed FCRE7347 2023-07-06 06:34 2023-07-12 07:46 Resolved 1 - Information D A Credit Missing Doc Missing Lease Agreement Resolved-lender has accepted documentation and provided explanation below. - Due Diligence Vendor-07/12/2023
Ready for Review-Tenant is not the borrower, tenant is [redacted]and the borrower is [redacted] - corporate delineation listed in the org docs do not reflect [redacted] as sub-company - Seller-07/11/2023
Counter-this does not address why the borrower's LLC is the tenant to his other LLC - Due Diligence Vendor-07/07/2023
Ready for Review-Lease agreement is in file,1007 from appraisal is reflecting rent amount, entity docs have been requested and will be provided upon the receipt. - Seller-07/06/2023
Open-lease in file page 35 shows the tenant as an LLC very similar to borrower's LLC. Please verify that the tenant is not the borrower and clarify the nature of the lease and lessor relationship. .  Also note, this is the same tenant for all [redacted] properties. - Due Diligence Vendor-07/06/2023		 Ready for Review-Tenant is not the borrower, tenant is [redacted] and the borrower is [redacted] - corporate delineation listed in the org docs do not reflect [redacted] as sub-company - Seller-07/11/2023
 Ready for Review-Lease agreement is in file,1007 from appraisal is reflecting rent amount, entity docs have been requested and will be provided upon the receipt. - Seller-07/06/2023
 Resolved-lender has accepted documentation and provided explanation below. - Due Diligence Vendor-07/12/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037717
XXXXXXX-2023-NQM5-76     D B D B D A C B Closed FCRE9806 2023-07-06 06:06 2023-07-12 07:46 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-lender explanation below is accepted. - Due Diligence Vendor-07/12/2023

Ready for Review-They would not be listed on the loan application as these were DSCR loan only and they are being pulled from the guarantor’s credit report, which those debts are not part of the DSCR calculation for cashflow on the rental real estate. - Seller-07/11/2023

Open-need proof [redacted] are paid.  they are on credit  but not listed on final 1003 - Due Diligence Vendor-07/06/2023		 Ready for Review-They would not be listed on the loan application as these were DSCR loan only and they are being pulled from the guarantor’s credit report, which those debts are not part of the DSCR calculation for cashflow on the rental real estate. - Seller-07/11/2023

 Resolved-lender explanation below is accepted. - Due Diligence Vendor-07/12/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037668
XXXXXXX-2023-NQM5-76     D B D B D A C B Closed FCRE9994 2023-07-06 06:05 2023-07-11 08:00 Waived 2 - Non-Material C B Credit Eligibility Original LTV (OLTV) does not meet eligibility requirement(s) Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.
 - Due Diligence Vendor-07/11/2023
Open-borrower acquired title on [redacted] with quit claim deed (less than 12 months ago). LTV is capped at [redacted] Guides: If Quitclaim Deed is used as a purchase method and no value is determined, maximum CLTV of [redacted] is applied. - Due Diligence Vendor-07/06/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1037666
XXXXXXX-2023-NQM5-76     D B D B D A C B Closed FCRE1726 2023-07-06 05:09 2023-07-11 07:59 Waived 2 - Non-Material C B Credit Borrower Potential Identity Issues identified in the file Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.
 - Due Diligence Vendor-07/11/2023
Open-[redacted] is listed at 63.33% owner of [redacted] (this entity owns the entity on the Note).  Need proof that our borrower is owner of [redacted] since he is only borrower on loan.  if any one owns more than 25% of the entites they would have to be on loan - Due Diligence Vendor-07/06/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1037611
XXXXXXX-2023-NQM5-76     D B D B D A C B Closed FVAL5524 2023-07-07 05:32 2023-07-11 07:59 Waived 2 - Non-Material C B Property Property Ineligible Property Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.
 - Due Diligence Vendor-07/11/2023
Open-1007 states home is used as an elderly care facility  - Due Diligence Vendor-07/07/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1039889
XXXXXXX-2023-NQM5-76     D B D B D A C B Closed FCRE3931 2023-07-06 13:39 2023-07-11 07:58 Waived 2 - Non-Material C B Credit Eligibility Other Credit Finding 1 Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.
 - Due Diligence Vendor-07/11/2023
Counter-that is not what this finding is for.  Guidelines state  [redacted] exposure may not exceed $SM aggregate with a maximum of 5 loans for each individual
borrower in 6 months span counting from 1st loan's note date to the most recent loan's note date. - Due Diligence Vendor-07/07/2023
Ready for Review-Subject property is investment. When the subject property is a primary residence, second home or investment property, there are no limitations on the number of other properties the borrower(s) may currently have financed - Seller-07/06/2023
Open-need wavier as borrower has more than 5 loans with [redacted] - Due Diligence Vendor-07/06/2023		 Ready for Review-Subject property is investment. When the subject property is a primary residence, second home or investment property, there are no limitations on the number of other properties the borrower(s) may currently have financed - Seller-07/06/2023

 Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1038925
XXXXXXX-2023-NQM5-76     D B D B D A C B Closed FCOM1477 2023-07-06 06:06 2023-07-06 14:33 Resolved 1 - Information D A Compliance Missing Doc Missing evidence of rate lock Resolved-lock present - Due Diligence Vendor-07/06/2023
Ready for Review-Document Uploaded. See attached  - Seller-07/06/2023
Open-need [redacted] rate lock and June rate sheets - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. See attached  - Seller-07/06/2023

 Resolved-lock present - Due Diligence Vendor-07/06/2023

     Lock.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037667
XXXXXXX-2023-NQM5-77     D B D B D A C B Closed FCRE9991 2023-07-06 06:07 2023-07-06 14:33 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-updated tape received - Due Diligence Vendor-07/06/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-07/06/2023
Open-DSCR is 3.40 ([redacted] rent / [redacted]PITIA) - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-07/06/2023

 Resolved-updated tape received - Due Diligence Vendor-07/06/2023

     corrected tape.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037672
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FVAL1039 2023-07-06 07:22 2023-07-18 08:27 Resolved 1 - Information D A Property Value Appraised value unsupported Resolved-value support received  - Due Diligence Vendor-07/18/2023

Ready for Review-Document Uploaded. see attached  - Seller-07/17/2023

Open-need AVM - CU score is 2.6 - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. see attached  - Seller-07/17/2023

 Resolved-value support received  - Due Diligence Vendor-07/18/2023

     BPO.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037838
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FCOM4028 2023-07-06 06:52 2023-07-13 10:58 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-documents received. - Due Diligence Vendor-07/13/2023

Ready for Review-Document Uploaded. See attached - Seller-07/13/2023

Counter-document wont load. - Due Diligence Vendor-07/13/2023

Ready for Review-Document Uploaded. see attached - Seller-07/12/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. See attached - Seller-07/13/2023

 Ready for Review-Document Uploaded. see attached - Seller-07/12/2023

 Resolved-documents received. - Due Diligence Vendor-07/13/2023

     DocumentId_5706833_LoanNumber_560870_Policy.pdf

DocumentId_5706834_LoanNumber_560870_Mortgage.pdf

Mortgage and title.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037762
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FCRE1148 2023-07-06 07:15 2023-07-13 10:58 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-documents received. - Due Diligence Vendor-07/13/2023
Ready for Review-Document Uploaded. See attached - Seller-07/13/2023
Counter-wont load - Due Diligence Vendor-07/13/2023
Ready for Review-Document Uploaded. see attached  - Seller-07/12/2023
Open-Title Coverage Amount of $0 is Less than Total Amount of Subject Lien(s) of [redacted] final title with loan amount coverage - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. See attached - Seller-07/13/2023

 Ready for Review-Document Uploaded. see attached  - Seller-07/12/2023

 Resolved-documents received. - Due Diligence Vendor-07/13/2023

     DocumentId_5706833_LoanNumber_560870_Policy.pdf

Mortgage and title.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037816
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FCRE8459 2023-07-06 07:24 2023-07-13 10:00 Waived 2 - Non-Material C B Credit Eligibility Borrower Entity Ownership does not meet guidelines Waived-unable to obtain.  waived per [redacted] - Due Diligence Vendor-07/13/2023
Ready for Review-to be waived/rescinded per email from [redacted] - Seller-07/11/2023
Counter-these docs are not for the entities listed below.  please review. - Due Diligence Vendor-07/11/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-07/10/2023
Open-Business entity [redacted] is owned by [redacted].  [redacted] owned by [redacted] and [redacted].  Do not have the entity docs for either of these. - Due Diligence Vendor-07/06/2023		 Ready for Review-to be waived/rescinded per email from [redacted] - Seller-07/11/2023

 Ready for Review-Document Uploaded. Please see attached  - Seller-07/10/2023

 Waived-unable to obtain.  waived per [redacted] - Due Diligence Vendor-07/13/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals, No credit events past 48 months Dorigo- LLC Filing + Operating Agreements.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1037846
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FCRE1182 2023-07-06 07:21 2023-07-12 11:52 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-now present. - Due Diligence Vendor-07/12/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-07/11/2023

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-07/11/2023

 Resolved-now present. - Due Diligence Vendor-07/12/2023

     1049856_approval.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037834
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FCRE9806 2023-07-06 07:22 2023-07-11 10:42 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-per lender-– They would not be listed on the loan application as these were DSCR loan only and they are being pulled from the guarantor’s credit report, which those debts are not part of the DSCR calculation for cashflow on the rental real estate. - Due Diligence Vendor-07/11/2023
Open-need proof [redacted] and [redacted] are paid.  they are on credit  but not listed on final 1003 - Due Diligence Vendor-07/06/2023		   Resolved-per lender-– They would not be listed on the loan application as these were DSCR loan only and they are being pulled from the guarantor’s credit report, which those debts are not part of the DSCR calculation for cashflow on the rental real estate. - Due Diligence Vendor-07/11/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037837
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FCRE7347 2023-07-06 07:23 2023-07-11 10:42 Resolved 1 - Information D A Credit Missing Doc Missing Lease Agreement Resolved-lender addressed and has accepted leases as is - Due Diligence Vendor-07/11/2023
Ready for Review-Tenant is not the borrower, tenant is [redacted] and the borrower is [redacted] - corporate delineation listed in the org docs do not reflect [redacted] as sub-company - Seller-07/11/2023
Open-Lease in file page 35 shows the tenant as an LLC very similar to borrower's LLC. Please verify that the tenant is not the borrower.  Also note, this is the same tenant for all [redacted] properties. - Due Diligence Vendor-07/06/2023		 Ready for Review-Tenant is not the borrower, tenant is [redacted] and the borrower is [redacted] - corporate delineation listed in the org docs do not reflect [redacted] as sub-company - Seller-07/11/2023

 Resolved-lender addressed and has accepted leases as is - Due Diligence Vendor-07/11/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037839
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FCRE9991 2023-07-06 07:26 2023-07-11 07:52 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-corrected tape present. - Due Diligence Vendor-07/11/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-07/10/2023
Counter-Sorry typo.  It should be 3.13  rents are [redacted] - Due Diligence Vendor-07/07/2023
Ready for Review-Document Uploaded. See attached  - Seller-07/06/2023
Open-DSCR is 3.11.  Rents [redacted] / PITIA [redacted] - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-07/10/2023

 Ready for Review-Document Uploaded. See attached  - Seller-07/06/2023

 Resolved-corrected tape present. - Due Diligence Vendor-07/11/2023

     corrected tape.xlsx

corrected tape.xlsx		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037854
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FCRE2899 2023-07-06 07:24 2023-07-11 07:50 Waived 2 - Non-Material C B Credit Title Potential Ownership issues identified in file Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-07/10/2023
Open-Wellpoint Colony is listed at 63.33% owner of [redacted] (this entity owns the entity on the Note).  Need proof that our borrower is owner of [redacted] since he is only borrower on loan.  If any one owns more than 25% of the entities they would have to be on loan - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-07/10/2023

 Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months Dorigo- LLC Filing + Operating Agreements.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1037843
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FCRE9994 2023-07-06 07:23 2023-07-11 07:49 Waived 2 - Non-Material C B Credit Eligibility Original LTV (OLTV) does not meet eligibility requirement(s) Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
Open-borrower acquired title on 5/23/21 with quit claim deed (less than 12 months ago). LTV is capped at [redacted] Guides: If Quitclaim Deed is used as a purchase method and no value is determined, maximum CLTV of [redacted] is applied. - Due Diligence Vendor-07/06/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1037840
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FCRE3931 2023-07-06 13:40 2023-07-11 07:49 Waived 2 - Non-Material C B Credit Eligibility Other Credit Finding 1 Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
Open-need wavier as borrower has more than 5 loans with [redacted] - Due Diligence Vendor-07/06/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1038928
XXXXXXX-2023-NQM5-77     D B D B D A D B Closed FVAL5524 2023-07-07 05:33 2023-07-11 07:48 Waived 2 - Non-Material C B Property Property Ineligible Property Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
Open-1007 states home is used as an elderly care facility
 - Due Diligence Vendor-07/07/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1039890
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FCOM1477 2023-07-06 07:25 2023-07-07 13:56 Resolved 1 - Information D A Compliance Missing Doc Missing evidence of rate lock Resolved-now present - Due Diligence Vendor-07/07/2023

Ready for Review-Document Uploaded. see attached  - Seller-07/06/2023

Open-rate lock missing and need June 2023 rate sheets - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. see attached  - Seller-07/06/2023

 Resolved-now present - Due Diligence Vendor-07/07/2023

     Lock.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037847
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FVAL1039 2023-07-05 16:29 2023-07-18 08:30 Resolved 1 - Information D A Property Value Appraised value unsupported Resolved-value support now present. - Due Diligence Vendor-07/18/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-07/17/2023

Open-need value support.  CU score is 2.6 - Due Diligence Vendor-07/05/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-07/17/2023

 Resolved-value support now present. - Due Diligence Vendor-07/18/2023

     BPO.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037036
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FCOM4028 2023-07-05 15:47 2023-07-13 11:15 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-recorded mtg present. - Due Diligence Vendor-07/13/2023

Ready for Review-Document Uploaded. see attached  - Seller-07/13/2023

Counter-unable to open. - Due Diligence Vendor-07/13/2023

Ready for Review-Document Uploaded. see attached  - Seller-07/12/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/05/2023		 Ready for Review-Document Uploaded. see attached  - Seller-07/13/2023

 Ready for Review-Document Uploaded. see attached  - Seller-07/12/2023

 Resolved-recorded mtg present. - Due Diligence Vendor-07/13/2023

     DocumentId_5706848_LoanNumber_560872_Policy.pdf

Recorded mortgage.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1036966
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FCRE1148 2023-07-05 16:12 2023-07-13 11:14 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-final title provided. - Due Diligence Vendor-07/13/2023
Ready for Review-Document Uploaded. See attached - Seller-07/13/2023
Counter-unable to open - Due Diligence Vendor-07/13/2023
Ready for Review-Document Uploaded. See attached  - Seller-07/12/2023
Open-Title Coverage Amount of $0 is Less than Total Amount of Subject Lien(s) of [redacted] Need final title with correct loan amount - Due Diligence Vendor-07/05/2023		 Ready for Review-Document Uploaded. See attached - Seller-07/13/2023

 Ready for Review-Document Uploaded. See attached  - Seller-07/12/2023

 Resolved-final title provided. - Due Diligence Vendor-07/13/2023

     DocumentId_5706847_LoanNumber_560872_Mortgage.pdf

title.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037015
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FCRE8459 2023-07-05 16:31 2023-07-13 10:04 Waived 2 - Non-Material C B Credit Eligibility Borrower Entity Ownership does not meet guidelines Waived-unable to obtain. Waived per [redacted] - Due Diligence Vendor-07/13/2023
Ready for Review-to be waived/rescinded per email from [redacted] - Seller-07/11/2023
Open-Busines entity [redacted] is owned by [redacted].  [redacted] owned by [redacted] and [redacted].  Do not have the entity docs for either of these. - Due Diligence Vendor-07/05/2023		 Ready for Review-to be waived/rescinded per email from [redacted] - Seller-07/11/2023

 Waived-unable to obtain. Waived per [redacted] - Due Diligence Vendor-07/13/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals, No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1037039
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FCRE7347 2023-07-06 06:33 2023-07-12 11:58 Resolved 1 - Information D A Credit Missing Doc Missing Lease Agreement Resolved-lender addressed and is accepting explanation provided below for leases. - Due Diligence Vendor-07/12/2023
Ready for Review-Tenant is not the borrower, tenant is [redacted] and the borrower is [redacted] - corporate delineation listed in the org docs do not reflect [redacted] as sub-company - Seller-07/11/2023
Open-lease in file page 35 shows the tenant as an LLC very similar to borrower's LLC. Please verify that the tenant is not the borrower and clarify the nature of the lease and lessor relationship.   Also note, this is the same tenant for all [redacted] properties. - Due Diligence Vendor-07/06/2023		 Ready for Review-Tenant is not the borrower, tenant is [redacted] and the borrower is [redacted] - corporate delineation listed in the org docs do not reflect [redacted] as sub-company - Seller-07/11/2023

 Resolved-lender addressed and is accepting explanation provided below for leases. - Due Diligence Vendor-07/12/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037713
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FCRE9806 2023-07-05 16:33 2023-07-12 11:58 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-lender addressed  - Due Diligence Vendor-07/12/2023
Ready for Review-They would not be listed on the loan application as these were DSCR loan only and they are being pulled from the guarantor’s credit report, which those debts are not part of the DSCR calculation for cashflow on the rental real estate. - Seller-07/11/2023
Open-need proof [redacted] and [redacted] are paid.  they are on credit  but not listed on final 1003 - Due Diligence Vendor-07/05/2023		 Ready for Review-They would not be listed on the loan application as these were DSCR loan only and they are being pulled from the guarantor’s credit report, which those debts are not part of the DSCR calculation for cashflow on the rental real estate. - Seller-07/11/2023

 Resolved-lender addressed  - Due Diligence Vendor-07/12/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037044
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FCRE9991 2023-07-05 16:35 2023-07-12 11:55 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-revised tape provided.  - Due Diligence Vendor-07/12/2023

Ready for Review-Document Uploaded. See attached  - Seller-07/11/2023

Counter-nothing uploaded - Due Diligence Vendor-07/06/2023

Ready for Review-Document Uploaded. See attached  - Seller-07/06/2023

Open-DSR is 3.34 (rents $36250/ PITIA $10855.24) - Due Diligence Vendor-07/05/2023		 Ready for Review-Document Uploaded. See attached  - Seller-07/11/2023

 Ready for Review-Document Uploaded. See attached  - Seller-07/06/2023

 Resolved-revised tape provided.  - Due Diligence Vendor-07/12/2023

     corrected tape.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037050
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FCRE9994 2023-07-06 05:23 2023-07-11 07:45 Waived 2 - Non-Material C B Credit Eligibility Original LTV (OLTV) does not meet eligibility requirement(s) Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
Open-borrower acquired title on [redacted] with quit claim deed (less than 12 months ago). LTV is capped at [redacted] Guides: If Quitclaim Deed is used as a purchase method and no value is determined, maximum CLTV of
[redacted] is applied. - Due Diligence Vendor-07/06/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1037618
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FCRE1726 2023-07-05 16:33 2023-07-11 07:45 Waived 2 - Non-Material C B Credit Borrower Potential Identity Issues identified in the file Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
Open-[redacted] is listed at 63.33% owner of [redacted] (this entity owns the entity on the Note).  Need proof that our borrower is owner of [redacted] since he is only borrower on loan.  if any one owns more than 25% of the entites they would have to be on loan - Due Diligence Vendor-07/05/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1037042
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FCRE3931 2023-07-06 13:40 2023-07-11 07:44 Waived 2 - Non-Material C B Credit Eligibility Other Credit Finding 1 Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
Open-need wavier as borrower has more than 5 loans with [redacted] - Due Diligence Vendor-07/06/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1038930
XXXXXXX-2023-NQM5-78     D B D B D A D B Closed FVAL5524 2023-07-07 05:33 2023-07-11 07:44 Waived 2 - Non-Material C B Property Property Ineligible Property Waived-From: [redacted] Gor [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
Open-1007 states home is used as an elderly care facility - Due Diligence Vendor-07/07/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1039892
XXXXXXX-2023-NQM5-79     D B D B D A D B Closed FCOM1477 2023-07-05 16:29 2023-07-06 13:41 Resolved 1 - Information D A Compliance Missing Doc Missing evidence of rate lock Resolved-lock provided - Due Diligence Vendor-07/06/2023

Ready for Review-Document Uploaded. See attached lock - Seller-07/06/2023

Open-Need rate lock and June 2023 rate sheet to validate - Due Diligence Vendor-07/05/2023		 Ready for Review-Document Uploaded. See attached lock - Seller-07/06/2023

 Resolved-lock provided - Due Diligence Vendor-07/06/2023

     Lock.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1037035
XXXXXXX-2023-NQM5-79     D B D B A A C B Closed FCRE1726 2023-07-06 14:05 2023-07-13 11:03 Waived 2 - Non-Material C B Credit Borrower Potential Identity Issues identified in the file Waived-unable to obtain  [redacted] has instructed to waive - Due Diligence Vendor-07/13/2023
Open-Business entity [redacted] is owned by [redacted].  [redacted] owned by [redacted] and [redacted].  Do not have the entity docs for either of these. - Due Diligence Vendor-07/06/2023		   Waived-unable to obtain  [redacted] has instructed to waive - Due Diligence Vendor-07/13/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals, No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1038988
XXXXXXX-2023-NQM5-79     D B D B A A C B Closed FCRE9806 2023-07-06 14:05 2023-07-13 10:09 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-lender addressed  - Due Diligence Vendor-07/13/2023
Ready for Review-They would not be listed on the loan application as these were DSCR loan only and they are being pulled from the guarantor’s credit report, which those debts are not part of the DSCR calculation for cashflow on the rental real estate. - Seller-07/12/2023
Open-need proof [redacted] are paid.  they are on credit  but not listed on final 1003 - Due Diligence Vendor-07/06/2023		 Ready for Review-They would not be listed on the loan application as these were DSCR loan only and they are being pulled from the guarantor’s credit report, which those debts are not part of the DSCR calculation for cashflow on the rental real estate. - Seller-07/12/2023

 Resolved-lender addressed  - Due Diligence Vendor-07/13/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1038993
XXXXXXX-2023-NQM5-79     D B D B A A C B Closed FCOM4028 2023-07-06 12:20 2023-07-13 10:09 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-now present - Due Diligence Vendor-07/13/2023

Ready for Review-Document Uploaded. Final title policy uploaded - Seller-07/12/2023

Counter-send upon receipt - Due Diligence Vendor-07/10/2023

Ready for Review-Final title policy will be provided upon the receipt. - Seller-07/07/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. Final title policy uploaded - Seller-07/12/2023

 Ready for Review-Final title policy will be provided upon the receipt. - Seller-07/07/2023

 Resolved-now present - Due Diligence Vendor-07/13/2023

     1049862_final title policy.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1038725
XXXXXXX-2023-NQM5-79     D B D B A A C B Closed FCRE1148 2023-07-06 13:38 2023-07-13 10:09 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-recorded mtg present now - Due Diligence Vendor-07/13/2023
Ready for Review-Document Uploaded. final title policy and recorded mtg are uploaded - Seller-07/12/2023
Open-Title Coverage Amount of $0 is Less than Total Amount of Subject Lien(s) of [redacted] final title with loan amount needed - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. final title policy and recorded mtg are uploaded - Seller-07/12/2023

 Resolved-recorded mtg present now - Due Diligence Vendor-07/13/2023

     1049862_final title policy.pdf

560877 Dorigo recorded DOT 5436 Tyrone Street.pdf

560877 Dorigo final title.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1038922
XXXXXXX-2023-NQM5-79     D B D B A A C B Closed FCRE7347 2023-07-06 14:03 2023-07-13 10:07 Resolved 1 - Information D A Credit Missing Doc Missing Lease Agreement Resolved-lender accepts as is.  see comments from lender - Due Diligence Vendor-07/13/2023
Ready for Review-LLC docs uploaded ..Per corresponded lender ,the tenant is the same as the business they operate is the same for all properties - Seller-07/12/2023
Open-Lease in file page 35 shows the tenant as an LLC very similar to borrower's LLC. Please verify that the tenant is not the borrower and clarify the nature of the lease and lessor relationship.  Also note, this is the same tenant for all [redacted] properties. - Due Diligence Vendor-07/06/2023		 Ready for Review-LLC docs uploaded ..Per corresponded lender ,the tenant is the same as the business they operate is the same for all properties - Seller-07/12/2023

 Resolved-lender accepts as is.  see comments from lender - Due Diligence Vendor-07/13/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1038982
XXXXXXX-2023-NQM5-79     D B D B A A C B Closed FCRE3931 2023-07-06 14:02 2023-07-11 07:40 Waived 2 - Non-Material C B Credit Eligibility Other Credit Finding 1 Waived-rom: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
Open-Need exception for over 5 loans with same borrower for [redacted] - Due Diligence Vendor-07/06/2023		   Waived-rom: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1038980
XXXXXXX-2023-NQM5-79     D B D B A A C B Closed FCRE8459 2023-07-06 14:04 2023-07-11 07:39 Waived 2 - Non-Material C B Credit Eligibility Borrower Entity Ownership does not meet guidelines Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
Open-Wellpoint Colony is listed at 63.33% owner of [redacted] (this entity owns the entity on the Note).  Need proof that our borrower is owner of [redacted] since he is only borrower on loan.  if any one owns more than 25% of the entities they would have to be on loan - Due Diligence Vendor-07/06/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals,  No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1038986
XXXXXXX-2023-NQM5-79     D B D B A A C B Closed FCRE9994 2023-07-06 14:03 2023-07-11 07:38 Waived 2 - Non-Material C B Credit Eligibility Original LTV (OLTV) does not meet eligibility requirement(s) Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 
 - Due Diligence Vendor-07/11/2023
Ready for Review-Document Uploaded. Please see uploaded BPO report - Seller-07/10/2023
Counter-please provide June 2023 *FULL***   guidelines to verify.   Cash-Out Seasoning from six (6) to twelve (12) months is allowed with the following restrictions:
• Maximum CLTV ratio for the cash out transaction is based up on the lower of the current appraised value or the borrower’s initial investment in the purchase price plus documented improvements this is as of July.  Borrower owned less than 1 year - Due Diligence Vendor-07/10/2023
Ready for Review-Prior sale on appraisal as of [redacted] is $0.00 .We supposed to go by appraised value for LTV calculations - Seller-07/07/2023
Open-Borrower acquired title on [redacted] with quit claim deed (less than 12 months ago). LTV is capped at [redacted] Guides: If Quitclaim Deed is used as a purchase method and no value is determined, maximum CLTV of [redacted] is applied. - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. Please see uploaded BPO report - Seller-07/10/2023
 Ready for Review-Prior sale on appraisal as of [redacted] is $0.00 .We supposed to go by appraised value for LTV calculations - Seller-07/07/2023
 Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 
 - Due Diligence Vendor-07/11/2023

   Credit score is 20 point higher than minimum , Experienced investor with multiple rentals , No credit events past 48 months
 1049862_bpo 5436.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1038984
XXXXXXX-2023-NQM5-79     D B D B A A C B Closed FVAL5524 2023-07-07 05:34 2023-07-11 07:37 Waived 2 - Non-Material C B Property Property Ineligible Property Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility
 - Due Diligence Vendor-07/11/2023

Open-1007 states home is used as an elderly care facility - Due Diligence Vendor-07/07/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility
 - Due Diligence Vendor-07/11/2023

   1. Credit score is 20 point higher than minimum
2. Experienced investor with multiple rentals
3. No credit events past 48 months
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1039894
XXXXXXX-2023-NQM5-80     D B D B A A C B Closed FCRE9991 2023-07-06 14:06 2023-07-10 10:03 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-lender agrees with calculation - Due Diligence Vendor-07/10/2023

Ready for Review-DSCR is correct on tape 3.54 .PITIA is matching to what you have $10741.56. DSCR=$38020/$10741.56=3.54 - Seller-07/07/2023

Open-DSCR is 3.54 $38020 rent/ $10741.56 PITIA - Due Diligence Vendor-07/06/2023		 Ready for Review-DSCR is correct on tape 3.54 .PITIA is matching to what you have $10741.56. DSCR=$38020/$10741.56=3.54 - Seller-07/07/2023

 Resolved-lender agrees with calculation - Due Diligence Vendor-07/10/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1038999
XXXXXXX-2023-NQM5-80     D B D B A A C B Closed FCOM4028 2023-07-06 15:01 2023-07-14 10:19 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-recorded mtg received  - Due Diligence Vendor-07/14/2023

Ready for Review-Document Uploaded. Recorded mortgage re-uploaded 07/13/23 at 3:24ET -please check  - Seller-07/13/2023

Counter-nothing uploaded - Due Diligence Vendor-07/13/2023

Ready for Review-Recorded mtg uploaded - Seller-07/12/2023

Counter-send upon receipt - Due Diligence Vendor-07/10/2023

Ready for Review-Recorded Mortgage will be provided upon the receipt, once [redacted] is going to purchase the file from corr. lender. - Seller-07/07/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. Recorded mortgage re-uploaded 07/13/23 at 3:24ET -please check  - Seller-07/13/2023

 Ready for Review-Recorded mtg uploaded - Seller-07/12/2023

 Ready for Review-Recorded Mortgage will be provided upon the receipt, once [redacted] is going to purchase the file from corr. lender. - Seller-07/07/2023

 Resolved-recorded mtg received  - Due Diligence Vendor-07/14/2023

     1049861_recorded mortgage.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1039097
XXXXXXX-2023-NQM5-80     D B D B A A C B Closed FCRE3931 2023-07-06 15:29 2023-07-13 10:23 Resolved 1 - Information C A Credit Eligibility Other Credit Finding 1 Resolved-lender addressed and accepted. - Due Diligence Vendor-07/13/2023

Ready for Review-They would not be listed on the loan application as these were DSCR loan only and they are being pulled from the guarantor’s credit report, which those debts are not part of the DSCR calculation for cashflow on the rental real estate. - Seller-07/12/2023

Open-need proof [redacted] are paid.  they are on credit  but not listed on final 1003 - Due Diligence Vendor-07/06/2023		 Ready for Review-They would not be listed on the loan application as these were DSCR loan only and they are being pulled from the guarantor’s credit report, which those debts are not part of the DSCR calculation for cashflow on the rental real estate. - Seller-07/12/2023

 Resolved-lender addressed and accepted. - Due Diligence Vendor-07/13/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1039151
XXXXXXX-2023-NQM5-80     D B D B A A C B Closed FCRE7347 2023-07-06 15:28 2023-07-13 10:22 Resolved 1 - Information D A Credit Missing Doc Missing Lease Agreement Resolved-lender is accepting leases as is - Due Diligence Vendor-07/13/2023

Ready for Review-Document Uploaded. LLC docs were provide in loan file and over email for tenant and borrower-please read the articles provided on operating agreement.  - Seller-07/12/2023

Open-Lease in file page 35 shows the tenant as an LLC very similar to borrower's LLC. Please verify that the tenant is not the borrower and the nature of the relationship with lessee and lessor .  Also note, this is the same tenant for all [redacted] properties. - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. LLC docs were provide in loan file and over email for tenant and borrower-please read the articles provided on operating agreement.  - Seller-07/12/2023

 Resolved-lender is accepting leases as is - Due Diligence Vendor-07/13/2023

     1049861_LLC docs.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1039138
XXXXXXX-2023-NQM5-80     D B D B A A C B Closed FCRE1726 2023-07-06 15:29 2023-07-13 10:22 Waived 2 - Non-Material C B Credit Borrower Potential Identity Issues identified in the file Waived-unable to obtain.  waived per [redacted] - Due Diligence Vendor-07/13/2023
Ready for Review-LLC docs uploaded. Per corresponded lender ,the tenant is the same as the business they operate is the same for all properties. - Seller-07/12/2023
Open-Business entity [redacted] is owned by [redacted].  [redacted] owned by [redacted] and [redacted].  Do not have the entity docs for either of these. - Due Diligence Vendor-07/06/2023		 Ready for Review-LLC docs uploaded. Per corresponded lender ,the tenant is the same as the business they operate is the same for all properties. - Seller-07/12/2023

 Waived-unable to obtain.  waived per [redacted] - Due Diligence Vendor-07/13/2023

   Credit score is 20 point higher than minimum, Experienced investor with multiple rentals, No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1039142
XXXXXXX-2023-NQM5-80     D B D B A A C B Closed FCRE1148 2023-07-06 15:20 2023-07-13 10:20 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-received title - Due Diligence Vendor-07/13/2023
Ready for Review-Document Uploaded. Final title policy uploaded - Seller-07/12/2023
Open-Title Coverage Amount of $0 is Less than Total Amount of Subject Lien(s) of [redacted] final title with loan amount - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. Final title policy uploaded - Seller-07/12/2023

 Resolved-received title - Due Diligence Vendor-07/13/2023

     1049861_final title _Policy.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1039127
XXXXXXX-2023-NQM5-80     D B D B A A C B Closed FVAL5524 2023-07-07 05:34 2023-07-11 07:34 Waived 2 - Non-Material C B Property Property Ineligible Property Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023

Waived-Per [redacted] at [redacted] waived findings. - Due Diligence Vendor-07/11/2023

Counter-appraisal states this is adult elderly care home see comments on 1007.  This would fall under same category as Assisted Living.  Section 7.2 states Assisted Living ineligible  Finding is valid. - Due Diligence Vendor-07/10/2023

Ready for Review-PEr guide lines condo projects are not allowed for life care facilities, subject property is Single Family residence. Finding is invalid. - Seller-07/07/2023

Open-1007 states home is used as an elderly care facility - Due Diligence Vendor-07/07/2023		 Ready for Review-PEr guide lines condo projects are not allowed for life care facilities, subject property is Single Family residence. Finding is invalid. - Seller-07/07/2023

 Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adu`lt care facility

Please let me know if you have any questions.

Thank you
 - Due Diligence Vendor-07/11/2023
 Waived-Per [redacted] at [redacted] waived findings. - Due Diligence Vendor-07/11/2023
   1. Credit score is 20 point higher than minimum
2. Experienced investor with multiple rentals
3. No credit events past 48 months
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1039896
XXXXXXX-2023-NQM5-80     D B D B A A C B Closed FCRE8459 2023-07-06 15:28 2023-07-11 07:34 Waived 2 - Non-Material C B Credit Eligibility Borrower Entity Ownership does not meet guidelines Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions. - Due Diligence Vendor-07/11/2023
Open-Wellpoint Colony is listed at 63.33% owner of [redacted] (this entity owns the entity on the Note).  Need proof that our borrower is owner of [redacted] since he is only borrower on loan.  if any one owns more than 25% of the entities they would have to be on loan - Due Diligence Vendor-07/06/2023		   Waived-From: [redacted]
Sent: Monday, July 10, 2023 5:50 PM
Subject: Re: [redacted]

+ QCD LTV cap of [redacted] - also waived.
 
Thanks
Hello Mission team,  
Asking to waive following conditions for this trade so the team doesn't need to prepare exception forms:
 
Borrower's exposure (more than 5 loans and $5mm),
Not all LLC members are on mtg/note/guarantee
Property type-home is adult care facility

Please let me know if you have any questions. - Due Diligence Vendor-07/11/2023

   1. Credit score is 20 point higher than minimum
2. Experienced investor with multiple rentals
3. No credit events past 48 months
 
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1039141
XXXXXXX-2023-NQM5-80     D B D B A A C B Closed FCRE4866 2023-07-06 15:28 2023-07-11 07:27 Waived 2 - Non-Material C B Credit Eligibility Original CLTV does not meet eligibility requirement(s) Waived-Per [redacted] at [redacted] waived findings. - Due Diligence Vendor-07/11/2023
Open-borrower acquired title on [redacted] with quit claim deed (less than 12 months ago). LTV is capped at [redacted] Guides: If Quitclaim Deed is used as a purchase method and no value is determined, maximum CLTV of [redacted] is applied. - Due Diligence Vendor-07/06/2023		   Waived-Per [redacted] at [redacted] waived findings. - Due Diligence Vendor-07/11/2023
   1. Credit score is 20 point higher than minimum
2. Experienced investor with multiple rentals
3. No credit events past 48 months
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1039140
XXXXXXX-2023-NQM5-80     D B D B A A C B Closed FCRE9806 2023-07-06 15:27 2023-07-11 07:26 Waived 2 - Non-Material C B Credit Eligibility Other Credit Finding Waived-Per [redacted] at [redacted] waived findings. - Due Diligence Vendor-07/11/2023

Open-waiver for over 5 loans wtih same borrower - Due Diligence Vendor-07/06/2023		   Waived-Per [redacted] at [redacted] waived findings. - Due Diligence Vendor-07/11/2023
   1. Credit score is 20 point higher than minimum
2. Experienced investor with multiple rentals
3. No credit events past 48 months
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 Investor Post-Close No 1039137
XXXXXXX-2023-NQM5-81     D B D B A A C B Closed FCRE9991 2023-07-06 15:30 2023-07-10 10:19 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-updated tape present  - Due Diligence Vendor-07/10/2023

Ready for Review-Document Uploaded. Please review updated bid tape. - Seller-07/07/2023

Open-DSCR is 3.67  Rent $35150 / $9581.77 PITIA - Due Diligence Vendor-07/06/2023		 Ready for Review-Document Uploaded. Please review updated bid tape. - Seller-07/07/2023

 Resolved-updated tape present  - Due Diligence Vendor-07/10/2023

     updated bid tape for 1049861.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1039153
XXXXXXX-2023-NQM5-82     C B C B A A A A Closed FCRE1501 2023-07-09 12:03 2023-07-17 12:01 Waived 2 - Non-Material C B Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Waived-waiver for borrower not having 20% into deal - Due Diligence Vendor-07/17/2023

Ready for Review-Document Uploaded. Exception was granted to allow less than 20% contribution of the own funds. Please review. Additional clarifications: borrower had a gift that was too high even though we had enough verified assets.  - Seller-07/17/2023

Counter-Now that we have proof a 92k gift was given, borrower does not have 20% of own funds into transaction.  need a waiver for less than 20% own funds on an investment loan.    
revised CD and proof donor transferred page 25 closing - Due Diligence Vendor-07/11/2023

Ready for Review-Document Uploaded. Check can be found on page 25 of Closing package. Please find PCCD attached - Seller-07/11/2023

Open-Total Qualified Assets for Reserves Post-Close of $1262.1 is less than Total Required Reserve Amount of $10012.5 Bwr is short over 2 months PITi at $8,750.40 in reserve funds.  Note - Page 240 indicates a gift but no further evidence of this is in the file. - Due Diligence Vendor-07/09/2023		 Ready for Review-Document Uploaded. Exception was granted to allow less than 20% contribution of the own funds. Please review. Additional clarifications: borrower had a gift that was too high even though we had enough verified assets.  - Seller-07/17/2023

 Ready for Review-Document Uploaded. Check can be found on page 25 of Closing package. Please find PCCD attached - Seller-07/11/2023

 Waived-waiver for borrower not having 20% into deal - Due Diligence Vendor-07/17/2023

   Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late
payments in last 48 months
 Closing Disclosure.pdf

1048528_approved Exception.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Post-Close Yes 1042635
XXXXXXX-2023-NQM5-82     B B A A A A B B Closed FCRE9991 2023-07-19 05:40 2023-07-21 12:05 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-tape updated - Due Diligence Vendor-07/21/2023

Ready for Review-Document Uploaded. See attached - Seller-07/20/2023

Open-DSCR is .87 using $2100 est rent or .79 using actual rent of $1900.  PITIA is $2407.12  Tape has .82. Please fix tape to .79 or .87  - Due Diligence Vendor-07/19/2023		 Ready for Review-Document Uploaded. See attached - Seller-07/20/2023

 Resolved-tape updated - Due Diligence Vendor-07/21/2023

     corrected tape.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1060570
XXXXXXX-2023-NQM5-83     B B A A A A B B Closed FVAL9739 2023-07-19 04:53 2023-07-19 04:53 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-appraisal effective date 4/01/23
Comments Hi Team, need an exception on using an appraisal which is more than 60 days old at the submission. (apprx.
75 days). AVM more than supports the value - Due Diligence Vendor-07/19/2023		   Waived-appraisal effective date 4/01/23
Comments Hi Team, need an exception on using an appraisal which is more than 60 days old at the submission. (apprx.
75 days). AVM more than supports the value - Due Diligence Vendor-07/19/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months,
5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required
page 625		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1060510
XXXXXXX-2023-NQM5-83     C B C B A A B B Closed FCRE1194 2023-07-19 05:38 2023-07-24 11:01 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Exception granted: LTV of [redacted] exceeds guidelines per property recently being deeded to our borrower - Due Diligence Vendor-07/24/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-07/24/2023

Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] borrower added to title 4/11/2023.  Max LTV for quit claim is [redacted] (page 631 title) - Due Diligence Vendor-07/19/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-07/24/2023

 Waived-Exception granted: LTV of [redacted] exceeds guidelines per property recently being deeded to our borrower - Due Diligence Vendor-07/24/2023

   DSCR=> 1.3 , No mortgage late payments in last 24 months, No consumer late payments in last 48 months 175376803_Exception%20Form%2004-21-2023_20230721235228.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Post-Close Yes 1060568
XXXXXXX-2023-NQM5-84     C B C B A A B B Closed FVAL9739 2023-07-19 05:39 2023-07-19 05:39 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-appraisal effective date 4/03/23
Transferred appraisal is a bit older than 60 days (apprx. 75). Super clean file, borrower is experienced
investor with more than 10+ properties. AVM supports the value - Due Diligence Vendor-07/19/2023		   Waived-appraisal effective date 4/03/23
Transferred appraisal is a bit older than 60 days (apprx. 75). Super clean file, borrower is experienced
investor with more than 10+ properties. AVM supports the value - Due Diligence Vendor-07/19/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months,
5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required
page 645		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1060569
XXXXXXX-2023-NQM5-84     C B C B A A A A Closed FCRE1194 2023-07-21 17:16 2023-09-15 09:40 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV exceeds Guidelines LTV. The value for LTV calculations should be considered according to the Appraisal
report, equal to [redacted]. - Due Diligence Vendor-09/15/2023
Ready for Review-Document Uploaded. Exception Form provided - Seller-09/14/2023
Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Last purchase transaction was recorded on [redacted]. Considered the last sales price [redacted]due to which LTV has been increased to [redacted]. No cost of improvement document is available .  - Due Diligence Vendor-07/21/2023		 Ready for Review-Document Uploaded. Exception Form provided - Seller-09/14/2023

 Waived-Audited LTV exceeds Guidelines LTV. The value for LTV calculations should be considered according to the Appraisal
report, equal to [redacted]. - Due Diligence Vendor-09/15/2023
   Exception is valid only if at least 3 applicable compensating factors are provided.
DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No
consumer late payments in last 48 months
Credit Score 725		 1048820_Exception Form.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Post-Close Yes 1065498
XXXXXXX-2023-NQM5-85     C B C B A A A A Closed FCRE1526 2023-07-21 17:07 2023-08-11 08:20 Resolved 1 - Information C A Credit QM-ATR Tri-merged Credit Report unavailable due to credit bureaus identified as "frozen" Resolved-unfrozen credit received. - Due Diligence Vendor-08/11/2023

Ready for Review-Document Uploaded. Credit score provided - Seller-08/10/2023

Open-Experian credit bureaus score is locked by the consumer request.
Note Per guide - Credit reports with bureaus identified as "frozen" are required to be unfrozen and a current credit report with all bureaus unfrozen is required - Due Diligence Vendor-07/21/2023		 Ready for Review-Document Uploaded. Credit score provided - Seller-08/10/2023

 Resolved-unfrozen credit received. - Due Diligence Vendor-08/11/2023

     1048820_Credit Report - Experian.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1065490
XXXXXXX-2023-NQM5-85     C B C B C A B B Closed FCRE1437 2023-07-24 10:08 2023-09-05 12:35 Waived 2 - Non-Material C B Credit Income/Employment Income and Employment Do Not Meet Guidelines Waived-Waived employment 2 years not verified. - Due Diligence Vendor-09/05/2023
Ready for Review-Document Uploaded. Please see exception - Seller-09/05/2023
Counter-If 2 full years of employment is not verified, we need an exception.   - Due Diligence Vendor-08/08/2023
Ready for Review-It is my understanding their previous year employer was a self employed business we do not need to ask for tax returns. - Seller-08/07/2023
Open-Income and Employment Do Not Meet Guidelines Hybrid doc loan - 12 month bank stmt loan for Bwr 1 - Borrower 2 is a wage earner, however, only 7 months of employment history are in the file. Recent wage job as of 12/2022. Missing prior years employment verification for two years -prior VOE, W2, etc. 1003 indicates [redacted] as prior employer. - Due Diligence Vendor-07/24/2023		 Ready for Review-Document Uploaded. Please see exception - Seller-09/05/2023

 Ready for Review-It is my understanding their previous year employer was a self employed business we do not need to ask for tax returns. - Seller-08/07/2023

 Waived-Waived employment 2 years not verified. - Due Diligence Vendor-09/05/2023

   Compensating Factors
No credit events past 48 months, No mortgage late payments in last 24 months, Other: specify below
714 mid FICO
 Exception 1048880.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1066801
XXXXXXX-2023-NQM5-85     C B C B C A B B Closed FCRE1501 2023-07-24 10:39 2023-09-05 12:35 Waived 2 - Non-Material C B Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Waived-Not documenting 2-year income history for borrower, and file short reserve requirement per guidelines

 - Due Diligence Vendor-09/05/2023

Ready for Review-Document Uploaded. Please see exception - Seller-09/05/2023

Open-Total Qualified Assets for Reserves Post-Close of $3326.34 is less than Total Required Reserve Amount of $6836.46 Bwrs are short 1.54 months PITI reserves or $3,510.12

Note -  Pages 145 & 67/69 reflect another 40K wire to title  but this money is not on the CD nor was it deposited elsewhere. - Due Diligence Vendor-07/24/2023		 Ready for Review-Document Uploaded. Please see exception - Seller-09/05/2023

 Waived-Not documenting 2-year income history for borrower, and file short reserve requirement per guidelines

 - Due Diligence Vendor-09/05/2023

   Compensating Factors
No credit events past 48 months, No mortgage late payments in last 24 months, Other: specify below
714 mid FICO
 Exception 1048880.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1066882
XXXXXXX-2023-NQM5-85     C B C B C A B B Closed 1000647-1002005 2023-07-24 15:44 2023-08-02 10:38 Resolved 1 - Information C A Compliance Tolerance:Disclosure Federal - List of Settlement Service Providers Mailed/Delivered Within Three Business Days of Application Resolved-file validates system issue as doc were electronically signed 6/15 - Due Diligence Vendor-08/02/2023

Resolved-Resolved - Due Diligence Vendor-08/02/2023

Ready for Review-Document Uploaded. see attached - Seller-08/02/2023

Counter-Required on all primary residence loans - Due Diligence Vendor-07/31/2023

Ready for Review-Not required on a Bank statement loan - Seller-07/28/2023

Open-The List of Settlement Service Providers Disclosure Date (2023-07-07) is more than 3 business days from the Application Date (2023-06-14). Three business days from the Application Date is (2023-06-20). Under Regulation Z, e List of Settlement Service Providers must be delivered or placed in the mail not later than the third business day after receiving a consumer's application.(12 CFR 1026.19(e)(1)(vi); 1026.19(e)(1)(iii)) The List of Settlement Service Providers Disclosure Date (2023-07-07) is more than 3 business days from the Application Date (2023-06-14) - Due Diligence Vendor-07/24/2023		 Ready for Review-Document Uploaded. see attached - Seller-08/02/2023

 Ready for Review-Not required on a Bank statement loan - Seller-07/28/2023

 Resolved-file validates system issue as doc were electronically signed 6/15 - Due Diligence Vendor-08/02/2023

 Resolved-Resolved - Due Diligence Vendor-08/02/2023

     compliance answer to 1048880.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1067533
XXXXXXX-2023-NQM5-85     C B C B C A B B Closed 1000710-1002125 2023-07-24 15:44 2023-08-02 10:38 Resolved 1 - Information C A Compliance Tolerance:Disclosure Federal - Homeownership Counseling Disclosure Delivery Resolved-file validates system issue as doc were electronically signed 6/15 - Due Diligence Vendor-08/02/2023

Resolved-Resolved - Due Diligence Vendor-08/02/2023

Ready for Review-Document Uploaded. see attached - Seller-08/02/2023

Counter-Required on all primary residence loans - Due Diligence Vendor-07/31/2023

Ready for Review-Not required on a Bank statement loan - Seller-07/28/2023

Open-The Homeownership Counseling Organization Disclosure Sent Date (2023-07-07) is more than 3 business days from the Application Date (2023-06-14). Three business days from the Application Date is (2023-06-20). Under 12 CFR 1024.20, not later than three business days after receipt of an application, or information sufficient to complete an application, the lender must provide the applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. (12 CFR 1024.20) The Homeownership Counseling Organization Disclosure Sent Date (2023-07-07) is more than 3 business days from the Application Date (2023-06-14) - Due Diligence Vendor-07/24/2023		 Ready for Review-Document Uploaded. see attached - Seller-08/02/2023

 Ready for Review-Not required on a Bank statement loan - Seller-07/28/2023

 Resolved-file validates system issue as doc were electronically signed 6/15 - Due Diligence Vendor-08/02/2023

 Resolved-Resolved - Due Diligence Vendor-08/02/2023

     compliance answer to 1048880.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1067534
XXXXXXX-2023-NQM5-86     C B C B C A B B Closed FPRO1136 2023-07-24 10:28 2023-07-24 10:28 Waived 2 - Non-Material B B Property Appraisal Subject property appraisal is not on an as-is basis (Primary Value) Waived-Primary Value Subject Property Appraisal is not on an As-Is Basis Appraiser refuses to re-do appraisal with as is value due to crack in concrete slab in garage (CTC $3K). Lender Exception to fund as is with curing crack in slab. - Due Diligence Vendor-07/24/2023   Waived-Primary Value Subject Property Appraisal is not on an As-Is Basis Appraiser refuses to re-do appraisal with as is value due to crack in concrete slab in garage (CTC $3K). Lender Exception to fund as is with curing crack in slab. - Due Diligence Vendor-07/24/2023

   No credit events past 48 months, 5+ yrs credit history, No consumer lates last 48 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1066860
XXXXXXX-2023-NQM5-87     B B B B A A A A Closed FCRE4805 2023-07-26 21:34 2023-07-26 21:35 Waived 2 - Non-Material B B Credit Eligibility Trust/POA Does Not Meet Guideline Requirements Waived-Document Uploaded. Exception (page 970) allow POA on a cash out Refi US Citizen will be out of Country. Approved with conditions +0.25 to Price, [redacted] LTV max - Due Diligence Vendor-07/27/2023   Waived-Document Uploaded. Exception (page 970) allow POA on a cash out Refi US Citizen will be out of Country. Approved with conditions +0.25 to Price, [redacted] LTV max - Due Diligence Vendor-07/27/2023

   Borrower contribution exceeds requirement >=5%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history 1047638_EXCEPTION Use of POA for Cash Out Refi.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1071854
XXXXXXX-2023-NQM5-88     D A D A A A A A Closed FCRE1316 2023-07-28 15:29 2023-08-18 09:33 Resolved 1 - Information D A Credit Missing Doc Borrower 1 3rd Party VOE Prior to Close Missing Resolved-VVOE clear - Due Diligence Vendor-08/18/2023
Ready for Review-Document Uploaded. Hello! Please find attached. Thanks.  - Seller-08/18/2023
Open-*VOE on page # 759 declared , Employee start date as 05/17/2022 wherein on Final 1003 is 12/01/2014.  Also, we do have supporting 2021, 2022 income documents provided by [redacted]. and is still active
> Please confirm the borrower's Employer start date discrepancy. - Due Diligence Vendor-07/28/2023		 Ready for Review-Document Uploaded. Hello! Please find attached. Thanks.  - Seller-08/18/2023

 Resolved-VVOE clear - Due Diligence Vendor-08/18/2023

     1049777 VOE updated.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1076822
XXXXXXX-2023-NQM5-88     C B C B A A A A Closed FCRE1440 2023-07-31 05:57 2023-09-29 09:27 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-lender ordered soft pull and had mtg update the late.  Now reflects a date and is over 24 months - Due Diligence Vendor-09/29/2023
Ready for Review-Document Uploaded. Soft Pull reflecting the last late date provided - Seller-09/28/2023
Open-Housing History Does Not Meet Guideline Requirements 1x30 on [redacted] but credit does not show the date it was 1 x30.  need proof late was not in last 12 months - Due Diligence Vendor-07/31/2023		 Ready for Review-Document Uploaded. Soft Pull reflecting the last late date provided - Seller-09/28/2023

 Resolved-lender ordered soft pull and had mtg update the late.  Now reflects a date and is over 24 months - Due Diligence Vendor-09/29/2023

     1049356_Soft Pull.pdf

1049356_Last Late Date.jpg		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1078185
XXXXXXX-2023-NQM5-89     C B C B A A A A Closed FCRE1493 2023-07-31 06:08 2023-07-31 06:08 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Request to use new guidelines for Alt Tradelines
Comments Approved exception form required for the following: new guidelines for ‘INSUFFICIENT
TRADELINES/ALTERNATIVE CREDIT’ effective from 7/05/2023 can be applied to the subject loan. **Note:
Application date is 06/23/2023
 - Due Diligence Vendor-07/31/2023		   Waived-Request to use new guidelines for Alt Tradelines
Comments Approved exception form required for the following: new guidelines for ‘INSUFFICIENT
TRADELINES/ALTERNATIVE CREDIT’ effective from 7/05/2023 can be applied to the subject loan. **Note:
Application date is 06/23/2023
 - Due Diligence Vendor-07/31/2023

   LTV 10% below maximum, No mortgage late payments in last 24 months, DSCR 1.295
page 469
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1078193
XXXXXXX-2023-NQM5-90     D A D A A A A A Closed FCRE9500 2023-07-31 07:30 2023-09-11 09:00 Resolved 1 - Information D A Credit Missing Doc Missing Letter of Explanation (Assets) Resolved-Document provided addresses uses of business funds by accountant. Finding is resolved.  - Due Diligence Vendor-09/11/2023
Ready for Review-Document Uploaded. Please, find the corrected CPA attached. Thank you! - Seller-09/08/2023
Open-[redacted], PAGE 260, is a business checking account but there is no use of funds letter from the Tax preparer in his letter, page 1.  

Note - There are another multiple unrelated individuals account stmts for another borrower on pages 230+ - Due Diligence Vendor-07/31/2023		 Ready for Review-Document Uploaded. Please, find the corrected CPA attached. Thank you! - Seller-09/08/2023

 Resolved-Document provided addresses uses of business funds by accountant. Finding is resolved.  - Due Diligence Vendor-09/11/2023

     1049459_CPA usage of funds.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1078381
XXXXXXX-2023-NQM5-90     D A D A A A A A Closed FCRE5116 2023-07-31 15:02 2023-08-25 12:07 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-Please see bank statements for the period June 2022 – June 2023. Mortgage payments located on pages 4, 13, 23, 32, 40, 51, 68, 80, 90, 99, 106, 112 and 121. Payment amount is $4,860.00 - Due Diligence Vendor-08/25/2023
Ready for Review-Document Uploaded. Please see bank statements in attachment - Seller-08/25/2023
Counter-the bank statements do not have the mortgage payment auto paid and cannot locate any cancelled checks from this account.  Need VOM - Due Diligence Vendor-08/15/2023
Ready for Review-Please see bank statements supporting the payments for the mortgage from [redacted] on pages 98-394 of "1046618_Closing docs part 1" - Seller-08/15/2023
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. VOM is required for the mortgage accounts on below property.
*[redacted]
Note this is borrower primary so a pay history is required
 - Due Diligence Vendor-07/31/2023		 Ready for Review-Document Uploaded. Please see bank statements in attachment - Seller-08/25/2023
 Ready for Review-Please see bank statements supporting the payments for the mortgage from First Republic Bank on pages 98-394 of "[redacted]_Closing docs part 1" - Seller-08/15/2023
 Resolved-Please see bank statements for the period June 2022 – June 2023. Mortgage payments located on pages 4, 13, 23, 32, 40, 51, 68, 80, 90, 99, 106, 112 and 121. Payment amount is $4,860.00 - Due Diligence Vendor-08/25/2023

     Part 2.pdf

Part 1.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1079438
XXXXXXX-2023-NQM5-91     D A D A A A A A Closed FCRE1155 2023-07-31 16:19 2023-08-15 09:25 Resolved 1 - Information C A Credit Insurance Subject Property Address on Note does not match Insured Property Address Resolved-corrected policy present. - Due Diligence Vendor-08/15/2023
Ready for Review-Document Uploaded. Please see corrected insurance in attachment - Seller-08/15/2023
Open-Subject Property on Note does not match Insured Property Address The subject property address is showing different on HOI policy page # 416 of 911 . It is updated as [redacted] instead of [redacted]  - Due Diligence Vendor-07/31/2023		 Ready for Review-Document Uploaded. Please see corrected insurance in attachment - Seller-08/15/2023

 Resolved-corrected policy present. - Due Diligence Vendor-08/15/2023

     HOI - Corrected.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1079552
XXXXXXX-2023-NQM5-92     D A D A A A A A Closed FCRE5116 2023-08-01 10:15 2023-08-25 12:09 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-Please see bank statements for the period June 2022 – June 2023. Mortgage payments located on pages 4, 13, 23, 32, 40, 51, 68, 80, 90, 99, 106, 112 and 121. Payment amount is $4,860.00 - Due Diligence Vendor-08/25/2023
Ready for Review-Document Uploaded. Please see bank statements in attachment - Seller-08/25/2023
Counter-bank statements do not have any cancelled checks for withdraws for mtg.  need VOM - Due Diligence Vendor-08/15/2023
Ready for Review-Please see bank statements supporting the payments for the mortgage from [redacted] on pages 107-464 of "[redacted]_Closing docs part 1" - Seller-08/15/2023
Open-Mortgage account on Primary home with [redacted] is not reporting on credit report.
Please provide VOM for the same.  Note this is borrower primary so pay history is required  - Due Diligence Vendor-08/01/2023		 Ready for Review-Document Uploaded. Please see bank statements in attachment - Seller-08/25/2023
 Ready for Review-Please see bank statements supporting the payments for the mortgage from [redacted] on pages 107-464 of "[redacted]_Closing docs part 1" - Seller-08/15/2023
 Resolved-Please see bank statements for the period June 2022 – June 2023. Mortgage payments located on pages 4, 13, 23, 32, 40, 51, 68, 80, 90, 99, 106, 112 and 121. Payment amount is $4,860.00 - Due Diligence Vendor-08/25/2023

     Part 1.pdf

Part 2.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1080879
XXXXXXX-2023-NQM5-92     D B D B A A A A Closed FCRE9500 2023-08-07 14:43 2023-09-29 11:21 Resolved 1 - Information D A Credit Missing Doc Missing Letter of Explanation (Assets) Resolved-Based on additional review, this finding can be resolved as it does not have a detrimental  impact to the overall credit review of file. - Due Diligence Vendor-09/29/2023

Open-Please confirm the proof that the additional deposit made by the borrower on 05/31/2023 and received by Title is returned to the borrower. Final CD is not reflecting any adjustment.
Note: verify pages#272, 273 and 277 (deduction from the borrower's account) - Due Diligence Vendor-08/07/2023		   Resolved-Based on additional review, this finding can be resolved as it does not have a detrimental  impact to the overall credit review of file. - Due Diligence Vendor-09/29/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1093917
XXXXXXX-2023-NQM5-92     D B D B A A A A Closed FCRE9806 2023-08-02 14:38 2023-08-07 12:55 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-Exception Type :- Non-Material: Rate/Price Competitor Match
Short Description:- Competitor match
Hello Credit committee we are looking to price match this loan with our competitor at [redacted] on a profit and loss loan. Currently they are offering 8.625 with a 1 year ppp. Can we match to at least 8.75 and I am willing to give up 10bps as well to make this happen. See attached appraisal and pricing from O[redacted].
Exception Page#119 - Due Diligence Vendor-08/02/2023		   Waived-Exception Type :- Non-Material: Rate/Price Competitor Match
Short Description:- Competitor match
Hello Credit committee we are looking to price match this loan with our competitor at Orion on a profit and loss loan. Currently they are offering 8.625 with a 1 year ppp. Can we match to at least 8.75 and I am willing to give up 10bps as well to make this happen. See attached appraisal and pricing from Orion.
Exception Page#119 - Due Diligence Vendor-08/02/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1084426
XXXXXXX-2023-NQM5-93     D B D B A A A A Closed FCRE1194 2023-08-02 17:16 2023-08-02 17:16 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Exception type:  Non-Material: Rate/Price Competitor Match
Description : "cash out at [redacted] LTV"
Comment: Hello Credit committee we are looking to price match this loan with our competitor at Orion on a profit and loss loan. Currently they are offering 8.625 with a 1 year ppp. Can we match to at least 8.75 and I am willing to give up 10bps as well to make this happen. See attached appraisal and pricing from orion. - Due Diligence Vendor-08/02/2023		   Waived-Exception type:  Non-Material: Rate/Price Competitor Match
Description : "cash out at 77% LTV"
Comment: Hello Credit committee we are looking to price match this loan with our competitor at Orion on a profit and loss loan. Currently they are offering 8.625 with a 1 year ppp. Can we match to at least 8.75 and I am willing to give up 10bps as well to make this happen. See attached appraisal and pricing from orion. - Due Diligence Vendor-08/02/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1084679
XXXXXXX-2023-NQM5-94     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-94     D B D B A A A A Closed FCRE8728 2023-08-02 14:47 2023-09-29 09:37 Waived 2 - Non-Material D B Credit Missing Doc Missing Payment History Waived-Allow to proceed without payment history for subject loan being refinanced.
Comments Underwriters recently adjusted their procedures to help this not happen moving forward. The earliest expiration date will
be in the condition so that this will not happen again.
 - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded. Please see exception form in attachment - Seller-09/28/2023

Open- - missing payment history for  subject loan being refinanced.  - Due Diligence Vendor-08/02/2023		 Ready for Review-Document Uploaded. Please see exception form in attachment - Seller-09/28/2023

 Waived-Allow to proceed without payment history for subject loan being refinanced.
Comments Underwriters recently adjusted their procedures to help this not happen moving forward. The earliest expiration date will
be in the condition so that this will not happen again.
 - Due Diligence Vendor-09/29/2023

   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
Experienced investor with 2+ investment properties, LTV 10% below maximum, No credit events past 48 months, No mortgage late payments in
last 24 months, Credit score >40 points than minimum required, Reserves>6 months (ineligible for Foreign Nationals)		 Exception form.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Post-Close Yes 1084464
XXXXXXX-2023-NQM5-95     D B D B A A A A Closed FCRE3599 2023-08-02 14:46 2023-08-02 14:46 Waived 2 - Non-Material B B Credit Eligibility Borrower owns more financed properties than allowed per guidelines Waived-Lender granted exception for Over 5 loans in a 6-month period

see page 358 - Due Diligence Vendor-08/02/2023		   Waived-Lender granted exception for Over 5 loans in a 6-month period

see page 358 - Due Diligence Vendor-08/02/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months, reserves>6 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1084463
XXXXXXX-2023-NQM5-95     C B C B A A A A Closed FCRE1491 2023-08-03 10:39 2023-08-23 11:22 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-signature cards now present. - Due Diligence Vendor-08/23/2023
Ready for Review-Document Uploaded. see attached - Seller-08/22/2023
Open-Asset Qualification Does Not Meet Guideline Requirements [redacted] [redacted] are not in borrower name.  this account is listed only with [redacted] as owner.  need proof borrower is an account holder on these accounts. - Due Diligence Vendor-08/03/2023		 Ready for Review-Document Uploaded. see attached - Seller-08/22/2023

 Resolved-signature cards now present. - Due Diligence Vendor-08/23/2023

     20230821103444.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1086110
XXXXXXX-2023-NQM5-95     C B C B A A A A Closed FCRE8860 2023-08-03 10:44 2023-08-03 10:44 Waived 2 - Non-Material B B Credit Income/Employment Audited DSCR does not meet guidelines requirements Waived-FTHB - Due Diligence Vendor-08/03/2023   Waived-FTHB - Due Diligence Vendor-08/03/2023

   No credit events past 48 months, No consumer late payments in last 48 months, Reserves>6 months (ineligible for Foreign
Nationals)
page 775		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1086117
XXXXXXX-2023-NQM5-95     C B C B A A A A Closed FCRE1200 2023-08-03 10:43 2023-08-03 10:43 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $400000 LA < 400k & needs [redacted] LTV; FTHB
Comments

 - Due Diligence Vendor-08/03/2023		   Waived-Audited Loan Amount of $262500 is less than the Guideline Minimum Loan Amount of $400000 LA < 400k & needs [redacted] LTV; FTHB
Comments

 - Due Diligence Vendor-08/03/2023

   No credit events past 48 months, No consumer late payments in last 48 months, Reserves>6 months (ineligible for Foreign
Nationals)
page 775		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1086114
XXXXXXX-2023-NQM5-96     C B C B A A A A Closed FCRE1194 2023-08-03 10:43 2023-08-03 10:43 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] LA < 400k & needs [redacted] LTV; FTHB
 - Due Diligence Vendor-08/03/2023		   Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] LA < 400k & needs [redacted] LTV; FTHB
 - Due Diligence Vendor-08/03/2023

   No credit events past 48 months, No consumer late payments in last 48 months, Reserves>6 months (ineligible for Foreign
Nationals)
page 775		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1086115
XXXXXXX-2023-NQM5-96     D B D A A A B B Closed FCRE1158 2023-08-03 12:52 2023-09-28 11:12 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Finding was valid, however since waiver for not meeting limited review to allow for limited review, clearing this finding since liability not required on limited review.  Waiver implies this finding as well - Due Diligence Vendor-09/28/2023

Counter-Uploaded waiver does not address the missing policy review. - Due Diligence Vendor-09/26/2023

Ready for Review-Document Uploaded. please see attached - Seller-09/26/2023

Open-missing Master liability insurance.  Does not meet limited review because of investor concentration so need proof of liablity insurance is present for association - Due Diligence Vendor-08/08/2023		 Ready for Review-Document Uploaded. please see attached - Seller-09/26/2023

 Resolved-Finding was valid, however since waiver for not meeting limited review to allow for limited review, clearing this finding since liability not required on limited review.  Waiver implies this finding as well - Due Diligence Vendor-09/28/2023

     1049068_exception.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1086553
XXXXXXX-2023-NQM5-97     D B D A A A B B Closed FVAL5474 2023-08-03 12:53 2023-08-03 12:53 Waived 2 - Non-Material B B Property Property Condo project is ineligible Waived-condo Investor concentration exceeds 20 % by one entity
Comments Inv concentration exceeds 20 % by one entity
 - Due Diligence Vendor-08/03/2023		   Waived-condo Investor concentration exceeds 20 % by one entity
Comments Inv concentration exceeds 20 % by one entity
 - Due Diligence Vendor-08/03/2023

   Compensating Factors
5 years on current job, No credit events past 48 months, 5+ years credit history
page 490		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1086558
XXXXXXX-2023-NQM5-97     C B B B A A C A Closed FVAL4036 2023-08-04 12:07 2023-09-29 11:30 Resolved 1 - Information C A Property Property Flip or Rapid Resale of Property Resolved-Resolved finding with [redacted] report showing not hpml - and guidelines as of March, 2023 - does not require 2nd appraisal since guidelines require if it does not meet hpml.  - Due Diligence Vendor-09/29/2023
Open-Please advise here, Title reads last purchase period: June, 2023 but Appraisal report states no sale in last 36 months.
>  Prior purchase date per page# 44 (Title)& 510 (Fraud guard prior sale history) reads 06/2023 but it is not reporting on the Appraisal report.
> Per page #510 the prior purchase price [redacted]
> purchase price is showing increased more then 10% : [redacted]*10% = [redacted] and current purchase price is [redacted] - Due Diligence Vendor-08/04/2023		   Resolved-Resolved finding with doc magic report showing not hpml - and guidelines as of March, 2023 - does not require 2nd appraisal since guidelines require if it does not meet hpml.  - Due Diligence Vendor-09/29/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1089025
XXXXXXX-2023-NQM5-97     C B B B A A C A Closed FCRE9991 2023-08-04 12:38 2023-08-09 10:55 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-Lender DTI is 17.45 and is within 1% - Due Diligence Vendor-08/09/2023

Ready for Review-Document Uploaded. Please see attached tape.  - Seller-08/08/2023

Open-."DTI difference of 3.5%
*PITIA$ 2706.74  & Income $ 103087.69considered by the Lender and TPR is the same.
But the other payment considered by the Lender is $17992.68 and TPR is $14380.09.. Reason : provide here. lender has considered PH expenses $3612.59 twice in DTI calculation. - Due Diligence Vendor-08/04/2023		 Ready for Review-Document Uploaded. Please see attached tape.  - Seller-08/08/2023

 Resolved-Lender DTI is 17.45 and is within 1% - Due Diligence Vendor-08/09/2023

     Updated tape.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1089129
XXXXXXX-2023-NQM5-97     C B B B A A C A Closed FCRE1441 2023-08-03 19:34 2023-08-03 19:34 Waived 2 - Non-Material B B Credit Eligibility Delinquent Credit History Does Not Meet Guideline Requirements Waived-Exception Type
Material: Assets, Credit
Short Description:
1) to use 3 different accounts for business calculation over 24 month period
2)30 day mortgage late payment in the last 12 months
Comments:
2)30 day mortgage late payment in the last 12 months to stay with Super Prime

Exception page # 96 - Due Diligence Vendor-08/04/2023		   Waived-Exception Type
Material: Assets, Credit
Short Description:
1) to use 3 different accounts for business calculation over 24 month period
2)30 day mortgage late payment in the last 12 months
Comments:
2)30 day mortgage late payment in the last 12 months to stay with Super Prime

Exception page # 96 - Due Diligence Vendor-08/04/2023

   5 years on current job, DTI >=10% lower than loan program, 10 years or more in same line of employment, 5+ years credit history, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1087306
XXXXXXX-2023-NQM5-98     C B B B A A C A Closed FCRE8611 2023-08-03 19:31 2023-08-03 19:33 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Exception Type:
Material: Assets, Credit
Short Description :
1) to use 3 different accounts for business calculation over 24 month period
2)30 day mortgage late payment in the last 12 months
Comments:
2)30 day mortgage late payment in the last 12 months to stay with Super Prime

Exception page # 96 - Due Diligence Vendor-08/04/2023		   Waived-Exception Type:
Material: Assets, Credit
Short Description :
1) to use 3 different accounts for business calculation over 24 month period
2)30 day mortgage late payment in the last 12 months
Comments:
2)30 day mortgage late payment in the last 12 months to stay with Super Prime

Exception page # 96 - Due Diligence Vendor-08/04/2023

   5 years on current job, DTI >=10% lower than loan program, 10 years or more in same line of employment, 5+ years credit history, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1087298
XXXXXXX-2023-NQM5-99     D A A A D A A A Closed FCOM1233 2023-08-04 05:38 2023-09-22 15:31 Resolved 1 - Information D A Compliance Missing Doc The Final 1003 is Incomplete Resolved-DTI is within tolerance.  Lender didnt include [redacted] for an additional $239/ mo so TPR DTI is 51%  But still qualifies and within tolerance - Due Diligence Vendor-09/22/2023
Ready for Review-Document Uploaded. UW added debt to total ratios, please see attached 1008 - Seller-09/22/2023
Open-The [redacted] does not appear to have been paid off per the CD of sale proceeds on page 56/541. Please disclose the REO this mortgage is attached to or provide evidence of satisfaction. If this was not paid, DTI needs to be recalculated.  - Due Diligence Vendor-08/04/2023		 Ready for Review-Document Uploaded. UW added debt to total ratios, please see attached 1008 - Seller-09/22/2023

 Resolved-DTI is within tolerance.  Lender didnt include Elan or Amex for an additional $239/ mo so TPR DTI is 51%  But still qualifies and within tolerance - Due Diligence Vendor-09/22/2023

     1008.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1087880
XXXXXXX-2023-NQM5-99     D B D A A A B B Closed FCRE1254 2023-08-03 15:20 2023-08-31 07:06 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-seller acquired over 6 months for [redacted].  This is 13.27% higher sale price in subject transaction.  Is HPML and does not require second appr be meets this: If the loan is HPML a second appraisal is required in the following circumstances:
• Greater than 10% increase in sales price if seller acquired the property in the past 90 days.
• Greater than 20% increase in sales price if seller acquired the property in the past 91-180 days. - Due Diligence Vendor-08/31/2023
Ready for Review-Document Uploaded. Wrong doc originally attached, please see appraisal - Seller-08/30/2023
Counter-This is a UCDP not an appraisal - Due Diligence Vendor-08/30/2023
Ready for Review-Document Uploaded. Please see updated appraisal with prior sales price - Seller-08/29/2023
Open-Property Title Issue Seller took title [redacted].  No prior sale price listed so cant tell if a Flip or if flip guides are met - Due Diligence Vendor-08/03/2023		 Ready for Review-Document Uploaded. Wrong doc originally attached, please see appraisal - Seller-08/30/2023

 Ready for Review-Document Uploaded. Please see updated appraisal with prior sales price - Seller-08/29/2023

 Resolved-seller acquired over 6 months for [redacted].  This is 13.27% higher sale price in subject transaction.  Is HPML and does not require second appr be meets this: If the loan is HPML a second appraisal is required in the following circumstances:
• Greater than 10% increase in sales price if seller acquired the property in the past 90 days.
• Greater than 20% increase in sales price if seller acquired the property in the past 91-180 days. - Due Diligence Vendor-08/31/2023
     Appraisal SSR_FNM - Updated.pdf

Appraisal Report - Updated.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1087045
XXXXXXX-2023-NQM5-99     D B D A A A B B Closed FCRE1182 2023-08-03 15:39 2023-08-10 09:58 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-approval received - Due Diligence Vendor-08/10/2023

Ready for Review-Document Uploaded. see attached - Seller-08/09/2023

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-08/03/2023		 Ready for Review-Document Uploaded. see attached - Seller-08/09/2023

 Resolved-approval received - Due Diligence Vendor-08/10/2023

     approval.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1087098
XXXXXXX-2023-NQM5-99     D B D A A A B B Closed FCRE1158 2023-08-03 15:39 2023-08-10 09:55 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-waiver to allow limited review even though does not meet so ok to not have liability ins - Due Diligence Vendor-08/10/2023

Ready for Review-Document Uploaded. Exception was included in package - Seller-08/10/2023

Open-missing Master liability insurance.  Does not meet limited review because of investor concentration so need proof of liablity ins - Due Diligence Vendor-08/03/2023		 Ready for Review-Document Uploaded. Exception was included in package - Seller-08/10/2023

 Resolved-waiver to allow limited review even though does not meet so ok to not have liability ins - Due Diligence Vendor-08/10/2023

     exception.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1087101
XXXXXXX-2023-NQM5-100     D B D A A A B B Closed FVAL5474 2023-08-03 15:40 2023-08-03 15:40 Waived 2 - Non-Material B B Property Property Condo project is ineligible Waived-one entity owns more than 20 % of units
Comments [redacted] owns 1617 units ,more than guides allow of 20% total units
 - Due Diligence Vendor-08/03/2023		   Waived-one entity owns more than 20 % of units
Comments [redacted] owns 1617 units ,more than guides allow of 20% total units
 - Due Diligence Vendor-08/03/2023
   5 years on current job, No credit events past 48 months, 5+ years credit histoy
page 789
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1087102
XXXXXXX-2023-NQM5-101     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-101     B B A A A A B B Closed FCRE9991 2023-08-10 12:39 2023-08-22 09:17 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-lender clarified STR used.  DSCR now matches - Due Diligence Vendor-08/22/2023

Ready for Review-Document Uploaded. As per provided condo questioner  this as short-term rental and due to that reason only DSCR down to 1.12 from 1.49 - Seller-08/22/2023

Counter-this tape still shows 1.12 - Due Diligence Vendor-08/18/2023

Ready for Review-Document Uploaded. Hello! Please find attached. Thank you!  - Seller-08/17/2023

Open-DSCR calc varies from originator/Data Tape score of 1.12 where as calculated score of 1.49 is supported by Appraisal 1007 $2,397, PITIA $1,604.65.  Lock also reflects a DSCR of 1.49 - Due Diligence Vendor-08/10/2023		 Ready for Review-Document Uploaded. As per provided condo questioner  this as short-term rental and due to that reason only DSCR down to 1.12 from 1.49 - Seller-08/22/2023

 Ready for Review-Document Uploaded. Hello! Please find attached. Thank you!  - Seller-08/17/2023

 Resolved-lender clarified STR used.  DSCR now matches - Due Diligence Vendor-08/22/2023

     Tape NON QM Aug23 loans 8-8.xlsx

image.png		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1101946
XXXXXXX-2023-NQM5-102     B B A A A A B B Closed FVAL5524 2023-08-10 12:40 2023-08-10 12:40 Waived 2 - Non-Material B B Property Property Ineligible Property Waived-Lender granted exception for subject property area of 492 sq ft.

See page 217 - Due Diligence Vendor-08/10/2023		   Waived-Lender granted exception for subject property area of 492 sq ft.

See page 217 - Due Diligence Vendor-08/10/2023

   DSCR=> 1.3 , Experienced investor with 2+ investment properties, No mortgage late payments in last 24 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1101953
XXXXXXX-2023-NQM5-103     C A A A C A A A Closed 1001121-1003175 2023-08-11 08:20 2023-09-14 11:29 Resolved 1 - Information C A Compliance Tolerance:Disclosure Federal - Closing Disclosure Total of Payments Disclosure Tolerance Resolved-clerical PCCD now present - Due Diligence Vendor-09/14/2023
Resolved-Resolved - Due Diligence Vendor-09/14/2023
Ready for Review-Document Uploaded. PCCD provided - Seller-09/13/2023
Counter-Disagree.  Final CD uploaded in the Closing package page 1 shows search fees at $1219.66 and $540 for tax search.  Finding is valid.  - Due Diligence Vendor-08/30/2023
Ready for Review-Document Uploaded. Please see the Closer's response - Seller-08/29/2023
Open-The disclosed Total of Payments [redacted] is understated by more than $100 when compared to the actual Total of Payments [redacted]. The difference is ($784.28). Regulation Z considers the disclosed Total of Payments inaccurate if it understated by more than $100. (12 CFR 1026.38(o)(1)) The disclosed Total of Payments [redacted] is understated by more than $100 when compared to the actual Total of Payments [redacted]. The difference is ($784.28)  Final CD and compliance report in file do not match. - Due Diligence Vendor-08/14/2023		 Ready for Review-Document Uploaded. PCCD provided - Seller-09/13/2023

 Ready for Review-Document Uploaded. Please see the Closer's response - Seller-08/29/2023

 Resolved-clerical PCCD now present - Due Diligence Vendor-09/14/2023

 Resolved-Resolved - Due Diligence Vendor-09/14/2023

     Re_ 1049396 UVAYDOV - Final CD_ Total of Payments Tolerance.pdf

1049396_LOE PCCD 9-12-2023.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1103551
XXXXXXX-2023-NQM5-103     C B C B A A C B Closed FCRE9488 2023-08-08 11:54 2023-08-18 07:23 Resolved 1 - Information C A Credit Borrower Potential Occupancy/Current Address Issues identified in the file Resolved-1003 corrected - Due Diligence Vendor-08/18/2023

Ready for Review-Document Uploaded. Please review updated 1003 - Seller-08/18/2023

Counter-Still not acceptable.  Appraisal is marked Tenant and Owner occupied this is a 2 unit.  initial and final apps both state intends to occupy.  - Due Diligence Vendor-08/15/2023

Ready for Review-Document Uploaded. Please see updated appraisal marked tenant and occupied, as this is a mult unit property - Seller-08/14/2023

Counter-occupancy issues on 1003 were not addressed - Due Diligence Vendor-08/11/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-08/10/2023

Open-initial application borrower indicates primary residence for occupancy.  Final app shows borrower intends to occupy and says this is primary residence in the real estate section  - Due Diligence Vendor-08/08/2023		 Ready for Review-Document Uploaded. Please review updated 1003 - Seller-08/18/2023

 Ready for Review-Document Uploaded. Please see updated appraisal marked tenant and occupied, as this is a mult unit property - Seller-08/14/2023

 Ready for Review-Document Uploaded. Please see attached  - Seller-08/10/2023

 Resolved-1003 corrected - Due Diligence Vendor-08/18/2023

     177753541_Exception%20Form%2004-21-2023_20230810204432.pdf

Appraisal updated occupant 1138_W_Hamilton_St-4.pdf

1049502_Jackson initialed updated 1003.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1096536
XXXXXXX-2023-NQM5-103     C B C B A A C B Closed FVAL5524 2023-08-08 11:55 2023-08-11 10:19 Waived 2 - Non-Material C B Property Property Ineligible Property Waived-waiver to allow ineligible property. 2nd unit has no appliance. Unit 3 is small office of less than 200sq ft
 - Due Diligence Vendor-08/11/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-08/10/2023

Open-second unit does not have appliance and unit 3 is a small office space and less than 200 sq ft - Due Diligence Vendor-08/08/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-08/10/2023

 Waived-waiver to allow ineligible property. 2nd unit has no appliance. Unit 3 is small office of less than 200sq ft
 - Due Diligence Vendor-08/11/2023

   Comments
Compensating Factors
No credit events past 48 months, No mortgage late payments in last 24 months, Other: specify below
796 mid FICO, 67% LTV		 177753541_Exception%20Form%2004-21-2023_20230810204432.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Post-Close Yes 1096539
XXXXXXX-2023-NQM5-103     C B C B A A C B Closed FCRE1437 2023-08-08 11:16 2023-08-10 13:01 Resolved 1 - Information C A Credit Income/Employment Income and Employment Do Not Meet Guidelines Resolved-Document Uploaded. 1008 provided and can confirm income is 50% expense and used [redacted] gross rents.  DTI now matches - Due Diligence Vendor-08/10/2023

Counter-It is not clear how you arrived at this income. at 50% ownership with no expenses, income is $9606   but you used $11946.  Need complete break down to support how this was arrived at .  Need accountant letter if expenses were less than 50% - Due Diligence Vendor-08/10/2023

Ready for Review-Document Uploaded. UW used 50% and removed additional 50% as they are part owner. Please see attached - Seller-08/09/2023

Open-Income and Employment Do Not Meet Guidelines Missing accountant letter to verify expense ratio is 38%.  Didnt use standard 50% ratio for income - Due Diligence Vendor-08/08/2023		 Ready for Review-Document Uploaded. UW used 50% and removed additional 50% as they are part owner. Please see attached - Seller-08/09/2023

 Resolved-Document Uploaded. 1008 provided and can confirm income is 50% expense and used [redacted] gross rents.  DTI now matches - Due Diligence Vendor-08/10/2023

     Income Worksheet (4).pdf

1008.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1096385
XXXXXXX-2023-NQM5-104     C B C B A A C B Closed FCRE9806 2023-08-08 11:53 2023-08-08 11:53 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-This loan is refinancing a hard money loan and had zero late. Loan matured as we were doing this refinance
and lender didn't accept June month payment
Comments Lender payoff includes the June and July 2023 interest payments - Due Diligence Vendor-08/08/2023		   Waived-This loan is refinancing a hard money loan and had zero late. Loan matured as we were doing this refinance
and lender didn't accept June month payment
Comments Lender payoff includes the June and July 2023 interest payments - Due Diligence Vendor-08/08/2023

   DTI >=10% lower than loan program, LTV 10% below maximum, Credit score >40 points than minimum required
page 614		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1096535
XXXXXXX-2023-NQM5-105     B B B B A A A A Closed FCRE8611 2023-08-10 15:59 2023-08-10 15:59 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-borrower who has had 4 NSFs in the past 12 months on this
bank statement loan - Due Diligence Vendor-08/10/2023		   Waived-borrower who has had 4 NSFs in the past 12 months on this
bank statement loan - Due Diligence Vendor-08/10/2023

   No credit events past 48 months, 5+ years credit history, Borrower contribution exceeds requirement >=5%
Credit Decision
Status Approved with
conditions
Conditions: +0.25 to the rate, max DTI 50
page 726		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1102370
XXXXXXX-2023-NQM5-106     B B B B A A A A Closed FCRE1493 2023-08-17 14:11 2023-08-17 14:16 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Lender Granted Exception for tradelines

see page 613 - Due Diligence Vendor-08/17/2023		   Waived-Lender Granted Exception for tradelines

see page 613 - Due Diligence Vendor-08/17/2023

   LTV 10% below maximum, No credit events past 48 months, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1114794
XXXXXXX-2023-NQM5-107     D A D A A A A A Closed FCRE8728 2023-08-09 12:22 2023-08-15 07:13 Resolved 1 - Information D A Credit Missing Doc Missing Payment History Resolved-lender explained they dont own this property . its a mailing address only. Removed from DTI and DTI is still within 1% - Due Diligence Vendor-08/15/2023
Counter-page 199 shows a new mortgage but is P/I only.   need proof PITIA - Due Diligence Vendor-08/11/2023
Ready for Review-It's indicated only as a mailing address. We don’t have any record that the Borrower has Ownership interest there. - Seller-08/10/2023
Open-provide proof [redacted] PITIA is $1574.00 - Due Diligence Vendor-08/09/2023		 Ready for Review-It's indicated only as a mailing address. We don’t have any record that the Borrower has Ownership interest there. - Seller-08/10/2023

 Resolved-lender explained they dont own this property . its a mailing address only. Removed from DTI and DTI is still within 1% - Due Diligence Vendor-08/15/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1099309
XXXXXXX-2023-NQM5-107     D B D B A A A A Closed FCRE1501 2023-08-09 06:44 2023-08-18 09:35 Waived 2 - Non-Material C B Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Waived-Borrower is short on assets to cover 3 months reserves requiremnts. LOE from corr. lender on reserves is in
file.
 - Due Diligence Vendor-08/18/2023

Ready for Review-Document Uploaded. Exception uploaded-please review it. - Seller-08/18/2023

Counter-Nothing uploaded - Due Diligence Vendor-08/17/2023

Ready for Review-Please review uploaded exception form. Thank you. - Seller-08/17/2023

Open-Total Qualified Assets for Reserves Post-Close of $6612.94 is less than Total Required Reserve Amount of $8098.92 File has 2.45 months of Piti reserves - short by $1,185.98  - Due Diligence Vendor-08/09/2023		 Ready for Review-Document Uploaded. Exception uploaded-please review it. - Seller-08/18/2023

 Ready for Review-Please review uploaded exception form. Thank you. - Seller-08/17/2023

 Waived-Borrower is short on assets to cover 3 months reserves requiremnts. LOE from corr. lender on reserves is in
file.
 - Due Diligence Vendor-08/18/2023

   Compensating Factors
5 years on current job, No mortgage late payments in last 24 months, 5+ years credit history, 2+ borrowers on the loan		 1051558_exception form.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1098380
XXXXXXX-2023-NQM5-107     D B D B A A A A Closed FCRE1205 2023-08-09 06:46 2023-08-11 10:47 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-08/11/2023

Ready for Review-Document Uploaded. Please review uploaded Fraud report - Seller-08/10/2023

Open-OFAC Check Not Completed and/or Cleared - Due Diligence Vendor-08/09/2023		 Ready for Review-Document Uploaded. Please review uploaded Fraud report - Seller-08/10/2023

 Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-08/11/2023

     1051558_FraudGuard_Bahogwerhe (1).pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1098389
XXXXXXX-2023-NQM5-107     D B D B A A A A Closed FCRE1201 2023-08-09 06:46 2023-08-11 10:47 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-08/11/2023

Ready for Review-Document Uploaded. Fraud report uploaded - Seller-08/10/2023

Open-Missing Third Party Fraud Report - Due Diligence Vendor-08/09/2023		 Ready for Review-Document Uploaded. Fraud report uploaded - Seller-08/10/2023

 Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-08/11/2023

     1051558_FraudGuard_Bahogwerhe (1).pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1098390
XXXXXXX-2023-NQM5-108     D B D B A A A A Closed FCRE1194 2023-08-09 07:01 2023-08-09 07:01 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Max LTV is [redacted] for PUD - Exception page 1 to allow [redacted]. - Due Diligence Vendor-08/09/2023   Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Max LTV is [redacted] for PUD - Exception page 1 to allow [redacted]. - Due Diligence Vendor-08/09/2023

   5 years current job, No mortgage lates last 24 months, 5+ yrs credit history, No consumer lates last 48 months, 2+ bwrs on loan.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1098423
XXXXXXX-2023-NQM5-108     C B C B A A A A Closed FCRE9991 2023-08-09 14:07 2023-08-11 11:28 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-DTI now matches at 51.64 - Due Diligence Vendor-08/11/2023

Ready for Review-Document Uploaded. please see attached - Seller-08/10/2023

Open-Loan Approval DTI 55.226%  1008 DTI 45.572%  Audited DTI 51.64%  There is difference in income $9,536.85 (1008) and $9,580 (final 1003/Audited). Additionally the 1008 and final 1003 have a primary residence payment of $3,551. Per a mortgage credit supplement dated 4/12 and mortgage statement dated 3/10, the payment is $4,532.49.  Escrow went up. - Due Diligence Vendor-08/09/2023		 Ready for Review-Document Uploaded. please see attached - Seller-08/10/2023

 Resolved-DTI now matches at 51.64 - Due Diligence Vendor-08/11/2023

     corrected tape.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1099659
XXXXXXX-2023-NQM5-108     C B C B A A A A Closed FCRE1193 2023-08-09 14:02 2023-08-11 10:53 Waived 2 - Non-Material C B Credit Eligibility Audited DTI Exceeds Guideline DTI Waived-To allow LTV [redacted] and DTI 51% (LTV of [redacted] exceeds guidelines, DTI of 51% exceeds max guidelines) - Due Diligence Vendor-08/11/2023

Ready for Review-Document Uploaded. see attached - Seller-08/11/2023

Open-Audited DTI of 51.64% exceeds Guideline DTI of 50%  - Max DTI for a Super Prime Investment purchase is 50%. - Due Diligence Vendor-08/09/2023		 Ready for Review-Document Uploaded. see attached - Seller-08/11/2023

 Waived-To allow LTV [redacted] and DTI 51% (LTV of [redacted] exceeds guidelines, DTI of 51% exceeds max guidelines) - Due Diligence Vendor-08/11/2023

   Compensating Factors
No credit events past 48 months, No mortgage late payments in last 24 months, Other: specify below
769 Mid FICO
 177919480_Exception%20Form%2004-21-2023_20230810224026.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Post-Close Yes 1099637
XXXXXXX-2023-NQM5-109     C B C B A A A A Closed FCRE1194 2023-08-09 14:02 2023-08-11 10:52 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-To allow LTV [redacted] and DTI 51% (LTV of [redacted] exceeds guidelines, DTI of 51% exceeds max guidelines)
Comments
 - Due Diligence Vendor-08/11/2023

Ready for Review-Document Uploaded. see attached  - Seller-08/11/2023

Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] - Due Diligence Vendor-08/09/2023		 Ready for Review-Document Uploaded. see attached  - Seller-08/11/2023

 Waived-To allow LTV [redacted] and DTI 51% (LTV of [redacted] exceeds guidelines, DTI of 51% exceeds max guidelines)
Comments
 - Due Diligence Vendor-08/11/2023

   Compensating Factors
No credit events past 48 months, No mortgage late payments in last 24 months, Other: specify below
769 Mid FICO
 177919480_Exception%20Form%2004-21-2023_20230810224026.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Post-Close Yes 1099639
XXXXXXX-2023-NQM5-109     C B C B A A C A Closed FCRE1194 2023-08-09 15:26 2023-08-14 11:06 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-LTV of [redacted] exceed max of [redacted] per [redacted] FICO - Due Diligence Vendor-08/14/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-08/11/2023
Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Max LTV is [redacted] with [redacted] credit score - Due Diligence Vendor-08/09/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-08/11/2023

 Waived-LTV of [redacted] exceed max of [redacted] per 715 FICO - Due Diligence Vendor-08/14/2023
   Compensating Factors
Residual income >=$3000, 5+ years credit history, Other: specify below
9 years with same employer		 178020127_Exception%20Form%2004-21-2023_20230811160740.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1099892
XXXXXXX-2023-NQM5-109     C B C B A A C A Closed FCRE6843 2023-08-09 15:21 2023-08-14 11:02 Waived 2 - Non-Material C B Credit Assets Asset General Waived-unable to doc EMD so short reserves
File short reserves, LTV of [redacted] exceed max of [redacted] per [redacted] FICO
Comments Requested LTV is [redacted] but its not an option in drop down
 - Due Diligence Vendor-08/14/2023

Ready for Review-Document Uploaded. see attached  - Seller-08/11/2023

Open-Need proof EMD of $5500 cleared prior to bank accounts in file.  if cleared after statement, we will be short reserves  - Due Diligence Vendor-08/09/2023		 Ready for Review-Document Uploaded. see attached  - Seller-08/11/2023

 Waived-unable to doc EMD so short reserves
File short reserves, LTV of [redacted] exceed max of [redacted] per 715 FICO
Comments Requested LTV is [redacted] but its not an option in drop down
 - Due Diligence Vendor-08/14/2023
   Compensating Factors
Residual income >=$3000, 5+ years credit history, Other: specify below
9 years with same employer		 178020127_Exception%20Form%2004-21-2023_20230811160740.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1099866
XXXXXXX-2023-NQM5-109     C B C B A A C A Closed FCRE9991 2023-08-09 15:24 2023-08-14 10:52 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-updated tape received. - Due Diligence Vendor-08/14/2023

Ready for Review-Document Uploaded. see attached  - Seller-08/11/2023

Open-DTI is 43.16.  Correct tape.  PITIA is $4580.42 plus neg rents of $675 plus debts of $920.85= $6176.27/ 14309.58 income= 43.16%.  data tape has 58% - Due Diligence Vendor-08/09/2023		 Ready for Review-Document Uploaded. see attached  - Seller-08/11/2023

 Resolved-updated tape received. - Due Diligence Vendor-08/14/2023

     corrected tape.xlsx QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1099876
XXXXXXX-2023-NQM5-110     C B C B A A C A Closed FVAL3825 2023-08-09 15:26 2023-08-11 07:20 Resolved 1 - Information C A Property Property FEMA Declared Disaster Dated Prior to the Note Date, After Appraisal Date Resolved-drive by completed 8/2/23 - Due Diligence Vendor-08/11/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-08/10/2023
Open-[redacted] had a FEMA disaster in 2023.  need inspection  - Due Diligence Vendor-08/09/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-08/10/2023

 Resolved-drive by completed 8/2/23 - Due Diligence Vendor-08/11/2023

     BPO.pdf QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1099888
XXXXXXX-2023-NQM5-111     D A D A A A A A Closed FCRE3653 2023-08-14 11:18 2023-09-01 06:48 Resolved 1 - Information D A Credit Missing Doc Missing letter of explanation Resolved-updated 1003 - Due Diligence Vendor-09/01/2023

Ready for Review-Document Uploaded. Corrected Final 1003 provided - Seller-08/31/2023

Open-1003 pg#56: Checked as own property since 4.2 years. Same on REO pg#58 is declared as an Investment property.
Please confirm if this is a Primary home or an Investment.  - Due Diligence Vendor-08/14/2023		 Ready for Review-Document Uploaded. Corrected Final 1003 provided - Seller-08/31/2023

 Resolved-updated 1003 - Due Diligence Vendor-09/01/2023

     1050394_Final 1003 Corrected.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1107507
XXXXXXX-2023-NQM5-111     C B B B C A A A Closed 50001251 2023-08-12 09:25 2023-08-18 09:39 Resolved 1 - Information C A Compliance TRID Tolerance Charges That Cannot Increase Test Resolved-received COC - Due Diligence Vendor-08/18/2023

Resolved-Resolved - Due Diligence Vendor-08/18/2023

Ready for Review-Please, find the COC to the final CD in File Uploads. Thank you! - Seller-08/18/2023

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). COC is required for the increased loan discount fee in final CD Dated 08/01/2023. Discount fee has been increased from revised CD dated 07/28/2023 $ 412.50 to $487.50  in final CD Dated 08/01/2023 - Due Diligence Vendor-08/12/2023		 Ready for Review-Please, find the COC to the final CD in File Uploads. Thank you! - Seller-08/18/2023

 Resolved-received COC - Due Diligence Vendor-08/18/2023

 Resolved-Resolved - Due Diligence Vendor-08/18/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1105184
XXXXXXX-2023-NQM5-111     C B B B C A A A Closed 50001252 2023-08-12 09:25 2023-08-18 09:39 Resolved 1 - Information C A Compliance Mavent Insufficent Change of Circumstance Resolved-received COC - Due Diligence Vendor-08/18/2023

Resolved-Resolved - Due Diligence Vendor-08/18/2023

Ready for Review-Document Uploaded. Please, find the COC to the final CD attached. Thank you! - Seller-08/18/2023

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). COC is required for the increased loan discount fee in final CD Dated 08/01/2023. Discount fee has been increased from revised CD dated 07/28/2023 $ 412.50 to $487.50  in final CD Dated 08/01/2023 - Due Diligence Vendor-08/12/2023		 Ready for Review-Document Uploaded. Please, find the COC to the final CD attached. Thank you! - Seller-08/18/2023

 Resolved-received COC - Due Diligence Vendor-08/18/2023

 Resolved-Resolved - Due Diligence Vendor-08/18/2023

     1049182_COC.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1105185
XXXXXXX-2023-NQM5-111     C B B B C A A A Closed FCOM9175 2023-08-12 09:30 2023-08-16 10:14 Resolved 1 - Information C A Compliance TRID TRID: Closing Disclosure not received by the borrower 3 days prior to consummation Resolved-received proof of electronic delivery - Due Diligence Vendor-08/16/2023

Ready for Review-Document Uploaded. Please, find the CD with the proof of sending as of 7-28 attached. Thank you! - Seller-08/16/2023

Open-provide evidence that Revised Closing Disclosure  issued on 07/28/2023  was sent electronically - Due Diligence Vendor-08/12/2023		 Ready for Review-Document Uploaded. Please, find the CD with the proof of sending as of 7-28 attached. Thank you! - Seller-08/16/2023

 Resolved-received proof of electronic delivery - Due Diligence Vendor-08/16/2023

     1049182_CD 7-28.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1105192
XXXXXXX-2023-NQM5-111     C B B B C A A A Closed FCRE6843 2023-08-11 14:44 2023-08-11 14:44 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception on page 640

Need an exception for more than 3 NSFs / year (total 14)

Approved with conditions of +0.5 to the rate, max DTI 50, max LTV 30 - Due Diligence Vendor-08/11/2023		   Waived-Exception on page 640

Need an exception for more than 3 NSFs / year (total 14)

Approved with conditions of +0.5 to the rate, max DTI 50, max LTV 30 - Due Diligence Vendor-08/11/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, LTV 10% below maximum   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1104594
XXXXXXX-2023-NQM5-112     C B B B C A A A Closed FCRE9068 2023-08-11 14:43 2023-08-11 14:43 Waived 2 - Non-Material B B Credit Eligibility Borrower does not meet residual income requirement Waived-Exception on page 639

residual income requirements as defined per the [redacted] Matrix *** 7/26 Residual income is $1886.68, minimum is $2000 for super prime.

Approved as is - Due Diligence Vendor-08/11/2023		   Waived-Exception on page 639

residual income requirements as defined per the [redacted] Matrix *** 7/26 Residual income is $1886.68, minimum is $2000 for super prime.

Approved as is - Due Diligence Vendor-08/11/2023

   No credit events past 48 months, 5+ years credit history, LTV 10% below maximum   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1104593
XXXXXXX-2023-NQM5-113     C A A A A A C A Closed FVAL4036 2023-08-10 08:21 2023-08-16 09:40 Resolved 1 - Information C A Property Property Flip or Rapid Resale of Property Resolved-Document Uploaded.  - Due Diligence Vendor-08/16/2023
Counter-please provide proof of how you validated this is not a flip transaction  - Due Diligence Vendor-08/15/2023
Ready for Review-Please note that it is a [redacted] transaction, so it can be considered as Quit Claim Deed - Seller-08/11/2023
Open-Subject property, per item 11 of prelim, and appraisal transferred via warranty deed  03/24/2023 (undisclosed $)  from private party to OpenDoor Trust, current seller.  Unable to determine if a flip or flip guidelines met - Due Diligence Vendor-08/11/2023		 Ready for Review-Please note that it is a [redacted] transaction, so it can be considered as Quit Claim Deed - Seller-08/11/2023
 Resolved-Document Uploaded.  - Due Diligence Vendor-08/16/2023

     RE  1050933 Adeniye.msg ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1101216
XXXXXXX-2023-NQM5-114     D A D A A A A A Closed FCRE9500 2023-08-14 12:46 2023-10-04 14:27 Resolved 1 - Information D A Credit Missing Doc Missing Letter of Explanation (Assets) Resolved-lender explanation provided as to why they are ok with gift.  comments were not present in initial file.  - Due Diligence Vendor-10/04/2023
Ready for Review-Document Uploaded. $98,894.64 gift deposited into [redacted] on 10/31/22. We have evidence that it was transferred by the gift donor. We have a MBC of 20% or $126,000. Although we only have $85,610.47 of liquid borrower funds verified once we back out the gift, we can add back the $70,000 EMD. This puts us at $155,610.47 of borrower-funds verified. We are okay to proceed with this gift. - Seller-10/04/2023
Open-Found Gift LOX  (pg#79) and Oct 2022 (pg#81) statement for account [redacted] reflecting gift $99,894.64 and from the same statement EMD was also deducted.
Please advise if this gift is to be considered. There is no donor source or any proof if this amount was returned back, neither 1003 is declared with any gift.
Note: Current month statement's ending balance is only $19,186.39. Verify pg..#81. - Due Diligence Vendor-08/14/2023		 Ready for Review-Document Uploaded. $98,894.64 gift deposited into [redacted] on 10/31/22. We have evidence that it was transferred by the gift donor. We have a MBC of 20% or $126,000. Although we only have $85,610.47 of liquid borrower funds verified once we back out the gift, we can add back the $70,000 EMD. This puts us at $155,610.47 of borrower-funds verified. We are okay to proceed with this gift. - Seller-10/04/2023
 Resolved-lender explanation provided as to why they are ok with gift.  comments were not present in initial file.  - Due Diligence Vendor-10/04/2023

     image.png ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1107848
XXXXXXX-2023-NQM5-114     D B D B A A A A Closed FCRE1328 2023-08-15 11:17 2023-09-14 12:00 Resolved 1 - Information D A Credit Missing Doc Borrower 1 W2/1099 Missing Resolved-Borrower 1 W2/1099 Provided - Due Diligence Vendor-09/14/2023

Resolved-1099s now present. - Due Diligence Vendor-09/14/2023

Ready for Review-Document Uploaded. Please, se the attached - Seller-09/13/2023

Open-Borrower 1 W2/1099 Missing missing 2 yrs 1099s.  Only a Y[redacted] sheet to show earnings in file page 435 - Due Diligence Vendor-08/15/2023		 Ready for Review-Document Uploaded. Please, se the attached - Seller-09/13/2023

 Resolved-Borrower 1 W2/1099 Provided - Due Diligence Vendor-09/14/2023

 Resolved-1099s now present. - Due Diligence Vendor-09/14/2023

     Income_ Tax Return 1099 for year 2022.pdf

Income_ Tax Return 1099 for year 2021.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1110126
XXXXXXX-2023-NQM5-115     D B D B A A A A Closed FCRE8611 2023-08-15 12:14 2023-08-15 12:14 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-1099 from borrower's business & ITIN
Comments Borrower is ITIN & we are doing 1099 program prepared by her own business (she is a president).  - Due Diligence Vendor-08/15/2023		   Waived-1099 from borrower's business & ITIN
Comments Borrower is ITIN & we are doing 1099 program prepared by her own business (she is a president).  - Due Diligence Vendor-08/15/2023

   Revolving debt is under 30%, Residual income >=$3000, No credit events past 48 months, No consumer late payments in last 48
months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement
>=5%
LTV 43%
Revolving debt is under 30%, Residual income >=$3000, No credit events past 48 months, No consumer late payments in last 48
months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement
>=5%
LTV 43%
 +0.25 to the rate, max LTV 50, tax returns for the most recent 1
years (IRS Form 1040) are required page 719
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1110252
XXXXXXX-2023-NQM5-115     C B C B A A B B Closed FCRE8860 2023-08-14 07:49 2023-08-21 13:58 Waived 2 - Non-Material C B Credit Income/Employment Audited DSCR does not meet guidelines requirements Waived-Exception granted borrower did not own property prior to application of DSCR loan - Due Diligence Vendor-08/21/2023
Counter-page 240 is a finding for seasoning on subject property. This is not the same thing as not owning any other properties.  Need waiver updated. - Due Diligence Vendor-08/15/2023
Ready for Review-Please see an exception on page 240 of "[redacted]_Closing docs" - Seller-08/15/2023
Open-borrower does not own any other property.  added to title after app date - Due Diligence Vendor-08/14/2023		 Ready for Review-Please see an exception on page 240 of "[redacted]_Closing docs" - Seller-08/15/2023
 Waived-Exception granted borrower did not own property prior to application of DSCR loan - Due Diligence Vendor-08/21/2023

   LTV 10% below Maximum, No credit event past48 months No Consumer late payments in the last 48 months, Credit core >40 points then minimum   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Post-Close Yes 1106812
XXXXXXX-2023-NQM5-115     C B C B A A B B Closed FCRE2899 2023-08-14 07:48 2023-08-14 07:48 Waived 2 - Non-Material B B Credit Title Potential Ownership issues identified in file Waived-Borrower was not owner at the time of application. Does not meet seasoning requirements for cash-out.
Borrower went on title July 20 - Due Diligence Vendor-08/14/2023		   Waived-Borrower was not owner at the time of application. Does not meet seasoning requirements for cash-out.
Borrower went on title July 20 - Due Diligence Vendor-08/14/2023

   LTV 10% below maximum, No credit events past 48 months, No consumer late payments in last 48 months, Credit score >40 points
than minimum required
page 240		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1106808
XXXXXXX-2023-NQM5-116     C B C B A A B B Closed FVAL9739 2023-08-14 07:48 2023-08-14 07:48 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Transferred appraisal 60 days old at the time of submission (appraisal effective date 4/18/23 - submission date
7/17/23) - Due Diligence Vendor-08/14/2023		   Waived-Transferred appraisal 60 days old at the time of submission (appraisal effective date 4/18/23 - submission date
7/17/23) - Due Diligence Vendor-08/14/2023

   LTV 10% below maximum, No credit events past 48 months, No consumer late payments in last 48 months, Credit score >40 points
than minimum required
page 239		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1106805
XXXXXXX-2023-NQM5-117     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-117     C B C B A A A A Closed FCRE6843 2023-08-16 11:47 2023-09-14 11:38 Resolved 1 - Information C A Credit Assets Asset General Resolved-lender is aware not documented and states they backed it out.  enough assets present without EMD - Due Diligence Vendor-09/14/2023

Ready for Review-EMD was not accounted in assets, so it was not verified. - Seller-09/13/2023

Open-EMD proof for $5,000 is missing - Due Diligence Vendor-08/16/2023		 Ready for Review-EMD was not accounted in assets, so it was not verified. - Seller-09/13/2023

 Resolved-lender is aware not documented and states they backed it out.  enough assets present without EMD - Due Diligence Vendor-09/14/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1112300
XXXXXXX-2023-NQM5-118     C B C B A A A A Closed FCRE1194 2023-08-16 07:32 2023-08-16 07:32 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Exception Type:-Material: Condo questionnaire, LTV
Short Description:-1 entity more than 20%. Inv property <25% of units must be conveyed or be under contract for sale to principal residence or second home purchasers.
Exception Page# 620 - Due Diligence Vendor-08/16/2023		   Waived-Exception Type:-Material: Condo questionnaire, LTV
Short Description:-1 entity more than 20%. Inv property <25% of units must be conveyed or be under contract for sale to principal residence or second home purchasers.
Exception Page# 620 - Due Diligence Vendor-08/16/2023

   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1111587
XXXXXXX-2023-NQM5-119     C A C A A A A A Closed FCRE1151 2023-08-16 11:18 2023-08-31 11:45 Resolved 1 - Information C A Credit Title Satisfactory Chain of Title not Provided Resolved-chain present - Due Diligence Vendor-08/31/2023
Ready for Review-Document Uploaded. Hello Team,

On 03/08/2022, [redacted] was appointed as Referee to sell this property of [redacted] who has foreclosing recorded since 2004 i.e when it was purchased. Kindly see the snip below of deed which is also included in the title report. So there is no transfer of title between 2004 to 2022 and in 2022 our borrower executed a deed and became the owner of property. As per Title report, [redacted] made deed dated 08/03/2022. Also previous owner [redacted] acquired the property on [redacted] as per Online search to verify the same.

 - Seller-08/31/2023
Open-Unsatisfactory Chain of Title provided 24 months chain of history is required for the subject property.  - Due Diligence Vendor-08/16/2023		 Ready for Review-Document Uploaded. Hello Team,

On 03/08/2022, [redacted] was appointed as Referee to sell this property of [redacted] who has foreclosing recorded since 2004 i.e when it was purchased. Kindly see the snip below of deed which is also included in the title report. So there is no transfer of title between 2004 to 2022 and in 2022 our borrower executed a deed and became the owner of property. As per Title report, [redacted]r made deed dated 08/03/2022. Also previous owner [redacted] acquired the property on 05/24/2004 as per Online search to verify the same.

 - Seller-08/31/2023
 Resolved-chain present - Due Diligence Vendor-08/31/2023

     image.png

image.png

image.png		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1112208
XXXXXXX-2023-NQM5-119     C B C A A A B B Closed FCRE1480 2023-08-14 04:21 2023-08-15 12:17 Resolved 1 - Information C A Credit Assets Asset 2 Does Not Meet Guideline Requirements Resolved-Asset Record 2 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-08/15/2023
Ready for Review-Per Gift letters (pp.422-424), the total gift amount to be transferred to the Title is $66,350. Please, find the proof of wire in the amount of $61,350 receipt from Title merged with complete credit pkg (pp.147-148). It also has a comment that the funds received are a gift from [redacted]. Thank you! - Seller-08/15/2023
Open-Asset Record 2 Does Not Meet G/L Requirements Gift letters totaling from $56,350 from spouse have no corresponding deposits/wires or source - Please provide documentation with and/or corrected CD reflecting actual gifts to title, if present or proof borrower received gift funds and  proof they are on deposit in borrowers accounts.  Also need proof of donor transfers - Due Diligence Vendor-08/14/2023		 Ready for Review-Per Gift letters (pp.422-424), the total gift amount to be transferred to the Title is $66,350. Please, find the proof of wire in the amount of $61,350 receipt from Title merged with complete credit pkg (pp.147-148). It also has a comment that the funds received are a gift from Donnor. Thank you! - Seller-08/15/2023

 Resolved-Asset Record 2 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-08/15/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1106427
XXXXXXX-2023-NQM5-119     C B C A A A B B Closed FCRE1501 2023-08-14 04:21 2023-08-15 12:00 Resolved 1 - Information C A Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Resolved-Total Qualified Assets for Reserves Post-Close of $72776.74 is equal to or greater than Total Required Reserve Amount of $13100.97 - Due Diligence Vendor-08/15/2023
Ready for Review-Please, find the proof of wire in the amount of $61,350 receipt from Title merged with complete credit pkg (pp.147-148). It also has a comment that the funds received are a gift from [redacted]. With the gift amount, the borrower is good with the reserve requirements. Thank you! - Seller-08/15/2023
Open-Total Qualified Assets for Reserves Post-Close of $11426.74 is less than Total Required Reserve Amount of $13100.97 Including the Gift Funds as presented, file is still short funds for reserve totaling $1,674.23 or 2.65 months -including gift. - Due Diligence Vendor-08/14/2023		 Ready for Review-Please, find the proof of wire in the amount of $61,350 receipt from Title merged with complete credit pkg (pp.147-148). It also has a comment that the funds received are a gift from [redacted]. With the gift amount, the borrower is good with the reserve requirements. Thank you! - Seller-08/15/2023
 Resolved-Total Qualified Assets for Reserves Post-Close of $72776.74 is equal to or greater than Total Required Reserve Amount of $13100.97 - Due Diligence Vendor-08/15/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1106428
XXXXXXX-2023-NQM5-120     C B C A A A B B Closed FVAL5981 2023-08-14 04:30 2023-08-14 04:30 Waived 2 - Non-Material B B Property Property Property Type does not meet eligibility requirement(s) Waived-Subject is a leasehold condo DCSR - approved by exception page 599 - Due Diligence Vendor-08/14/2023   Waived-Subject is a leasehold condo DCSR - approved by exception page 599 - Due Diligence Vendor-08/14/2023

   Bwr contribution exceeds 5% (20% is required as file has gift funds), No credit events past 48 months, No mortgage lates last 24 months, No consumer lates last 48 months.   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1106446
XXXXXXX-2023-NQM5-120     C B C B A A A A Closed FCRE6679 2023-08-16 14:35 2023-10-04 14:29 Resolved 1 - Information C A Credit Eligibility Open Current Charge offs Resolved-new information received to support past statute of limitations  - Due Diligence Vendor-10/04/2023

Ready for Review-Document Uploaded. please see attached exception form - Seller-10/04/2023

Open-Open charge for $37320 still owing (see page 413)  not paid.  cant add a payment in under Super Prime.  For the Super Prime Program and the DSCR Investment Credit Grade, collection and charge- off balances exceeding the amounts listed above must be paid in full - Due Diligence Vendor-08/16/2023		 Ready for Review-Document Uploaded. please see attached exception form - Seller-10/04/2023

 Resolved-new information received to support past statute of limitations  - Due Diligence Vendor-10/04/2023

     Underwriting_ Exception Form.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1112733
XXXXXXX-2023-NQM5-120     C B C B A A A A Closed FCRE9991 2023-08-16 14:33 2023-09-18 14:26 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-lender reviewed and meets state statutes - Due Diligence Vendor-09/18/2023

Ready for Review-Document Uploaded. please see the attached - Seller-09/15/2023

Open-DTI is 28.28%.  Lender added $746 for a charge off but that must be paid or provide an exception. update DTI is not part of exception to not pay off - Due Diligence Vendor-08/16/2023		 Ready for Review-Document Uploaded. please see the attached - Seller-09/15/2023

 Resolved-lender reviewed and meets state statutes - Due Diligence Vendor-09/18/2023

     Underwriting_ Exception Form.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1112728
XXXXXXX-2023-NQM5-121     C B C B A A A A Closed FCRE8611 2023-08-16 14:28 2023-08-16 14:28 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-More than 3 NSF in the last 12 months (LOE attached) - 36
 - Due Diligence Vendor-08/16/2023		   Waived-More than 3 NSF in the last 12 months (LOE attached) - 36
 - Due Diligence Vendor-08/16/2023

   Compensating Factors
5 years on current job, DTI >=10% lower than loan program, 10 years or more in same line of employment, No credit events past 48
months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months

page 722		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1112714
XXXXXXX-2023-NQM5-122     B B B B A A A A Closed FCRE1493 2023-08-16 10:55 2023-08-16 10:55 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Exception Type:-Material: Credit report
Short Description:- not enough tradelines for 1 of the borrowers
Hi Team, need an exception on limited tradelines for 1 of the borrowers. All the rest is good.
Exception Page # 300
 - Due Diligence Vendor-08/16/2023		   Waived-Exception Type:-Material: Credit report
Short Description:- not enough tradelines for 1 of the borrowers
Hi Team, need an exception on limited tradelines for 1 of the borrowers. All the rest is good.
Exception Page # 300
 - Due Diligence Vendor-08/16/2023

   2+ borrowers on the loan, Borrower contribution exceeds requirement >=5%, No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1112162
XXXXXXX-2023-NQM5-123     C A A A C A A A Closed FCOM3605 2023-08-17 10:52 2023-08-21 08:24 Resolved 1 - Information C A Compliance TRID TRID: CD not delivered at least 3 days prior to consummation Resolved-proof received. - Due Diligence Vendor-08/21/2023

Ready for Review-Document Uploaded. eSign Certificate provided - Seller-08/18/2023

Open- - Due Diligence Vendor-08/17/2023		 Ready for Review-Document Uploaded. eSign Certificate provided - Seller-08/18/2023

 Resolved-proof received. - Due Diligence Vendor-08/21/2023

   Provide evidence that CD issued on 8/8/2023 was sent electronically to borrower. 1048716_eSign Certificate CD 8-8-2023.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1114096
XXXXXXX-2023-NQM5-124     A A A A A A A A Closed FCRE9991 2023-08-17 12:29 2023-08-18 11:19 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-updated tape received - Due Diligence Vendor-08/18/2023

Ready for Review-Document Uploaded. Corrected tape provided - Seller-08/18/2023

Open-DSCR calculation varies from originator score of 0.41  where as calculated score  of  0.50  is supported by Appraisal 1007 $4650, PITIA $9312.78
 - Due Diligence Vendor-08/17/2023		 Ready for Review-Document Uploaded. Corrected tape provided - Seller-08/18/2023

 Resolved-updated tape received - Due Diligence Vendor-08/18/2023

     1049196_Tape NON QM.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1114452
XXXXXXX-2023-NQM5-124     C B C B A A A A Closed FCRE1199 2023-08-14 15:10 2023-08-16 10:18 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is greater than Guideline Maximum Loan Amount Waived-Loan amount of [redacted] exceeds max allowed per guidelines of $500,000
 - Due Diligence Vendor-08/16/2023
Ready for Review-Document Uploaded. see attached - Seller-08/16/2023
Open-Audited Loan Amount of [redacted] is greater than the Guideline Maximum Loan Amount of $500000 [redacted] credit score, [redacted] LTV prime max loan amount is [redacted] - Due Diligence Vendor-08/14/2023		 Ready for Review-Document Uploaded. see attached - Seller-08/16/2023

 Waived-Loan amount of [redacted] exceeds max allowed per guidelines of $500,000
 - Due Diligence Vendor-08/16/2023
   Comments
Compensating Factors
Several income sources and DTI below 45%, Residual income >=$3000, DTI >=10% lower than loan program
 exception 1049063.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1108307
XXXXXXX-2023-NQM5-124     C B C B A A A A Closed FCRE8611 2023-08-14 15:11 2023-08-14 15:11 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-borrower has 11 months of business account statements as he only opened the
account froma personal account 11 months ago
 - Due Diligence Vendor-08/14/2023		   Waived-borrower has 11 months of business account statements as he only opened the
account froma personal account 11 months ago
 - Due Diligence Vendor-08/14/2023

   Compensating Factors
Several income sources and DTI below 45%, Residual income >=$3000, DTI >=10% lower than loan program, Borrower contribution
exceeds requirement >=5%
page 588		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1108314
XXXXXXX-2023-NQM5-125     C B C B A A A A Closed 123ABCF 2023-08-14 15:11 2023-08-14 15:11 Waived 2 - Non-Material B B Credit Income/Employment FICO does not meet minimum program requirement Waived-borrower has one fico. . borrower has 11 months of business account statements as he only opened the
account froma personal account 11 months ago
Comments
 - Due Diligence Vendor-08/14/2023		   Waived-borrower has one fico. . borrower has 11 months of business account statements as he only opened the
account froma personal account 11 months ago
Comments
 - Due Diligence Vendor-08/14/2023

   Compensating Factors
Several income sources and DTI below 45%, Residual income >=$3000, DTI >=10% lower than loan program, Borrower contribution
exceeds requirement >=5%
page 588		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1108312
XXXXXXX-2023-NQM5-125     C B C B A A A A Closed FCRE1254 2023-08-17 21:36 2023-08-22 13:47 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-deed is to borrower individually  - Due Diligence Vendor-08/22/2023
Ready for Review-Document Uploaded. Please, find the correct QCD attached. Per the title agent, the deed that was recorded has [redacted]. Thank you! - Seller-08/22/2023
Open-Property Title Issue QCD on pg#114 reads grant to in the name of borrower's LLC name but on NOTE pg#137 and DOT pg#155 the vesting is individual in the borrower's name only. Please confirm - Due Diligence Vendor-08/18/2023		 Ready for Review-Document Uploaded. Please, find the correct QCD attached. Per the title agent, the deed that was recorded has [redacted]. Thank you! - Seller-08/22/2023
 Resolved-deed is to borrower individually  - Due Diligence Vendor-08/22/2023

     1050142_Correct QCD.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1115354
XXXXXXX-2023-NQM5-126     C B C B A A A A Closed FCRE9802 2023-08-17 12:42 2023-08-17 12:42 Waived 2 - Non-Material B B Credit Eligibility Borrower is First Time Homebuyer and Program Does Not Allow This Waived-Borrower cannot be first time homebuyer for this program Exception Type:-FTHB/no ownership of property for 2 years
Short Description:-DSCR purchase - Borrower doesn't have a primary home for the last 24 months
Need Exception for DSCR purchase investment home without having a primary home.
Exception Page # 422 - Due Diligence Vendor-08/17/2023		   Waived-Borrower cannot be first time homebuyer for this program Exception Type:-FTHB/no ownership of property for 2 years
Short Description:-DSCR Purchase - Borrower doesn't have a primary home for the last 24 months
Need Exception for DSCR Purchase investment home without having a primary home.
Exception Page # 422 - Due Diligence Vendor-08/17/2023

   LTV 10% below maximum, Borrower contribution exceeds requirement >=5%, Revolving debt is under 30%, No credit events past 48 months, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1114508
XXXXXXX-2023-NQM5-126     C A C A C A A A Closed FCRE1500 2023-08-17 05:34 2023-08-21 13:30 Resolved 1 - Information C A Credit Assets Liquid Funds Post-Close is less than $0 Resolved-proof title received EMD received.  - Due Diligence Vendor-08/21/2023

Resolved-Liquid Funds Post Close are $17848.28 - Due Diligence Vendor-08/21/2023

Ready for Review-Document Uploaded. 6/28 check was issued, P.287- bank stmt for June, p.289 has info about checks paid - our $20,000 is there, paid 6/30. And we have confirmation from Title they received emd 7/5 (screenshots attached) - Seller-08/21/2023

Open-Liquid Funds Post Close are less than $0 need proof EMD cleared.  as of 7/22 print out it did not clear [redacted] account. without proof we are short reserves and funds for close - Due Diligence Vendor-08/17/2023		 Ready for Review-Document Uploaded. 6/28 check was issued, P.287- bank stmt for June, p.289 has info about checks paid - our $20,000 is there, paid 6/30. And we have confirmation from Title they received emd 7/5 (screenshots attached) - Seller-08/21/2023

 Resolved-proof title received EMD received.  - Due Diligence Vendor-08/21/2023

 Resolved-Liquid Funds Post Close are $17848.28 - Due Diligence Vendor-08/21/2023

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image.png		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1113341
XXXXXXX-2023-NQM5-126     C A C A C A A A Closed FCRE1198 2023-08-17 05:38 2023-08-21 13:30 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-proof title received EMD received.  - Due Diligence Vendor-08/21/2023
Resolved-Audited Reserves of 3.39 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-08/21/2023
Ready for Review-Document Uploaded. 6/28 check was issued, P.287- bank stmt for June, p.289 has info about checks paid - our $20,000 is there, paid 6/30. And we have confirmation from Title they received emd 7/5 (screenshots attached) - Seller-08/21/2023
Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of 3 month(s) Short reserves, because earnest money didnt clear [redacted] acct.  Page 363 is dated thru 7/22 and as of that date, the EMD written 6/28 didnt clear - Due Diligence Vendor-08/17/2023		 Ready for Review-Document Uploaded. 6/28 check was issued, P.287- bank stmt for June, p.289 has info about checks paid - our $20,000 is there, paid 6/30. And we have confirmation from Title they received emd 7/5 (screenshots attached) - Seller-08/21/2023

 Resolved-proof title received EMD received.  - Due Diligence Vendor-08/21/2023

 Resolved-Audited Reserves of 3.39 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-08/21/2023

     image.png

image.png

image.png		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1113346
XXXXXXX-2023-NQM5-126     C A C A C A A A Closed 50001251 2023-08-17 10:48 2023-08-21 13:27 Resolved 1 - Information C A Compliance TRID Tolerance Charges That Cannot Increase Test Resolved-COC provided. - Due Diligence Vendor-08/21/2023

Resolved-Resolved - Due Diligence Vendor-08/21/2023

Ready for Review-Document Uploaded. 3d CD has Application fee named correctly, but on Final CD it was changed due to IT issue to "Loan origination fee", which should not have happened. Please see the correct CD attached - Seller-08/21/2023

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Loan Origination Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). Please provide COC for Loan Origination fee $1495 as reflecting directly on the Final CD Pg.# 10 of 125, Dated. : 08/11/2023 - Due Diligence Vendor-08/17/2023		 Ready for Review-Document Uploaded. 3d CD has Application fee named correctly, but on Final CD it was changed due to IT issue to "Loan origination fee", which should not have happened. Please see the correct CD attached - Seller-08/21/2023

 Resolved-COC provided. - Due Diligence Vendor-08/21/2023

 Resolved-Resolved - Due Diligence Vendor-08/21/2023

     1050094_Closing_Package_-_Signed upd.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1114090
XXXXXXX-2023-NQM5-127     C A C A C A A A Closed 50001252 2023-08-17 10:48 2023-08-21 13:27 Resolved 1 - Information C A Compliance Mavent Insufficent Change of Circumstance Resolved-COC provided. - Due Diligence Vendor-08/21/2023

Resolved-Resolved - Due Diligence Vendor-08/21/2023

Ready for Review-Document Uploaded. 3d CD has Application fee named correctly, but on Final CD it was changed due to IT issue to "Loan origination fee", which should not have happened. Please see the correct CD attached - Seller-08/21/2023

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Loan Origination Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Please provide COC for Loan Origination fee $1495 as reflecting directly on the Final CD Pg.# 10 of 125, Dated. : 08/11/2023 - Due Diligence Vendor-08/17/2023		 Ready for Review-Document Uploaded. 3d CD has Application fee named correctly, but on Final CD it was changed due to IT issue to "Loan origination fee", which should not have happened. Please see the correct CD attached - Seller-08/21/2023

 Resolved-COC provided. - Due Diligence Vendor-08/21/2023

 Resolved-Resolved - Due Diligence Vendor-08/21/2023

     1050094_Closing_Package_-_Signed upd.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1114091
XXXXXXX-2023-NQM5-128     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-129     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-129     D B C B D A B B Closed FCOM1544 2023-08-18 11:34 2023-08-24 09:38 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-corrected CD now present. - Due Diligence Vendor-08/24/2023
Ready for Review-Document Uploaded. See attached - Seller-08/23/2023
Open-Please provide Signature on Final CD issued on [redacted] pls refer page# 271.  Page 138 is signed but no date issued is on CD - Due Diligence Vendor-08/18/2023		 Ready for Review-Document Uploaded. See attached - Seller-08/23/2023

 Resolved-corrected CD now present. - Due Diligence Vendor-08/24/2023

     corrected CD.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1116734
XXXXXXX-2023-NQM5-129     D B C B D A B B Closed FCOM4227 2023-08-18 11:31 2023-08-23 11:53 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-proof delivered - Due Diligence Vendor-08/23/2023

Ready for Review-Document Uploaded. see attached - Seller-08/22/2023

Open-Provide evidence that Initial Closing Disclosure issues on 08/03/2023 was sent electronically - Due Diligence Vendor-08/18/2023		 Ready for Review-Document Uploaded. see attached - Seller-08/22/2023

 Resolved-proof delivered - Due Diligence Vendor-08/23/2023

     esign.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1116729
XXXXXXX-2023-NQM5-129     D B C B D A B B Closed FCRE1344 2023-08-17 15:12 2023-08-23 11:53 Resolved 1 - Information C A Credit Income/Employment Borrower 1 Business Bank Statements Less Than 12 Months Provided Resolved-now present - Due Diligence Vendor-08/23/2023
Ready for Review-Document Uploaded. see attached - Seller-08/23/2023
Open-missing Aug 2022 [redacted] - Due Diligence Vendor-08/17/2023		 Ready for Review-Document Uploaded. see attached - Seller-08/23/2023

 Resolved-now present - Due Diligence Vendor-08/23/2023

     August chase.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1114974
XXXXXXX-2023-NQM5-129     D B C B D A B B Closed FCRE6843 2023-08-17 15:09 2023-08-23 11:52 Resolved 1 - Information C A Credit Assets Asset General Resolved-proof title received gift  - Due Diligence Vendor-08/23/2023

Ready for Review-Document Uploaded. Disbursement ledger from title company - Seller-08/23/2023

Open-missing copy of deposit slip for gift of $8k.  only have copy of check.  - Due Diligence Vendor-08/17/2023		 Ready for Review-Document Uploaded. Disbursement ledger from title company - Seller-08/23/2023

 Resolved-proof title received gift  - Due Diligence Vendor-08/23/2023

     20230823103913518.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1114967
XXXXXXX-2023-NQM5-129     D B C B D A B B Closed FVAL5474 2023-08-17 15:12 2023-08-17 15:12 Waived 2 - Non-Material B B Property Property Condo project is ineligible Waived-Single entity that owns 9 of the 12 units ([redacted]). Budget (which just expired) indicates no allocation to a reserve
account and net loss for the year.
Comments Credit attached and no appraisal yet. As per broker: There is a single entity that owns 9 of the 12 units ([redacted]).
Additionally, the budget (which just expired) indicates there is no allocation to a reserve account as well as a
net loss for the year.
page 805 - Due Diligence Vendor-08/17/2023		   Waived-Single entity that owns 9 of the 12 units ([redacted]). Budget (which just expired) indicates no allocation to a reserve
account and net loss for the year.
Comments Credit attached and no appraisal yet. As per broker: There is a single entity that owns 9 of the 12 units ([redacted]).
Additionally, the budget (which just expired) indicates there is no allocation to a reserve account as well as a
net loss for the year.
page 805 - Due Diligence Vendor-08/17/2023

   Compensating Factors
Revolving debt is under 30%, 5 years on current job, Residual income >=$3000, DTI >=10% lower than loan program, 10 years or
more in same line of employment, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48
months, Credit score >40 points than minimum required		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1114972
XXXXXXX-2023-NQM5-130     D B C B D A B B Closed FCRE8705 2023-08-17 15:10 2023-08-17 15:10 Waived 2 - Non-Material B B Credit Eligibility Excessive Seller Contributions Waived-6% seller's concession as opposed to 4% seller's concession for [redacted] LTV owner occupied through Super
Prime.
Comments Attached are credit, appraisal, and addendum regarding seller's concession.
 - Due Diligence Vendor-08/17/2023		   Waived-6% seller's concession as opposed to 4% seller's concession for [redacted] LTV owner occupied through Super
Prime.
Comments Attached are credit, appraisal, and addendum regarding seller's concession.
 - Due Diligence Vendor-08/17/2023

   Compensating Factors
Revolving debt is under 30%, 5 years on current job, Residual income >=$3000, DTI >=10% lower than loan program, 10 years or
more in same line of employment, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48
months, Credit score >40 points than minimum required
page 804		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1114970
XXXXXXX-2023-NQM5-131     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-132     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-133     B B B B A A A A Closed FCRE1493 2023-08-18 08:50 2023-08-18 08:50 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Page 1023 - Established credit - current mortgage but all other install/rev accounts closed. No active consumer trades. - Due Diligence Vendor-08/18/2023   Waived-Page 1023 - Established credit - current mortgage but all other install/rev accounts closed. No active consumer trades. - Due Diligence Vendor-08/18/2023

   Revolving debt under 30%, No credit event spast 48 months. No consumer lates past 48 months. No mortgage lates  last 24 months, 5+ yr credit history, Credit Score > 40 points above program minimum. Reserves > 6 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1116336
XXXXXXX-2023-NQM5-133     D A D A A A A A Closed FCRE8459 2023-08-21 10:56 2023-09-29 11:05 Resolved 1 - Information C A Credit Eligibility Borrower Entity Ownership does not meet guidelines Resolved-Document Uploaded. lender verified thru Division of Corp that borrower is owner  - Due Diligence Vendor-09/29/2023
Counter-Docs provided are for wrong company.  [redacted] is what we need.  Operating agreement, or something to show his % of ownership - Due Diligence Vendor-09/27/2023
Ready for Review-Document Uploaded. Please find attached - Seller-09/27/2023
Counter-EIN is not the same thing  Per guidelines this is required One of the following LLC documentations must be provided:
• Articles of Incorporation and proof of ownership or
• Operating Agreement with Ownership Breakdown or Addendum. - Due Diligence Vendor-08/29/2023
Ready for Review-Per our SUW, we have EIN on file. It can be found on pp. 74-75 ([redacted]) - Seller-08/29/2023
Open-Please provide LLC Docs: Articles of Incorporation or Operating agreement with ownership breakdown or addendum for [redacted]  - Due Diligence Vendor-08/21/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-09/27/2023
 Ready for Review-Per our SUW, we have EIN on file. It can be found on pp. 74-75 [redacted] - Seller-08/29/2023
 Resolved-Document Uploaded. lender verified thru Division of Corp that borrower is owner  - Due Diligence Vendor-09/29/2023

     FilingCertificate.pdf

Title_LLC_Corp_ Certificate of Status.pdf

Title_LLC_Corp_ Articles of Incorporation.pdf

Post Closing_ Missing Document.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1119413
XXXXXXX-2023-NQM5-134     D A D A A A A A Closed FCRE3653 2023-08-21 11:08 2023-08-30 10:13 Resolved 1 - Information D A Credit Missing Doc Missing letter of explanation Resolved-lender addressed via LOE signed by borrower - Due Diligence Vendor-08/30/2023
Ready for Review-Document Uploaded. Please find attached - Seller-08/29/2023
Open-*[redacted] is reading as current address, own property but on REO as an Investment . Please confirm if this is an Investment or Primary Home - Due Diligence Vendor-08/21/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-08/29/2023

 Resolved-lender addressed via LOE signed by borrower - Due Diligence Vendor-08/30/2023

     1050649_LOX occupancy.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1119445
XXXXXXX-2023-NQM5-135     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated      
XXXXXXX-2023-NQM5-136     D A D A A A A A Closed FCRE6019 2023-08-16 05:30 2023-08-18 07:24 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-lender has addressed citizenship with VISA waiver program - Due Diligence Vendor-08/18/2023

Ready for Review-n/a -borrower is [redacted] citizen ,Visa waiver program is applicable for them - Seller-08/17/2023

Open-Borrower 1 Citizenship Documentation Is Missing missing copy of unexpired Visa - Due Diligence Vendor-08/16/2023		 Ready for Review-n/a -borrower is [redacted] citizen ,Visa waiver program is applicable for them - Seller-08/17/2023

 Resolved-lender has addressed citizenship with VISA waiver program - Due Diligence Vendor-08/18/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1111402
XXXXXXX-2023-NQM5-137     C A A A C A A A Closed FCOM3605 2023-08-21 13:53 2023-08-28 09:22 Resolved 1 - Information C A Compliance TRID TRID: CD not delivered at least 3 days prior to consummation Resolved-received proof of electronic delivery  - Due Diligence Vendor-08/28/2023

Ready for Review-Document Uploaded. Please find attached - Seller-08/28/2023

Open-Provide evidence that revised Loan estimate issued on 08/04/2023 was sent electronically to the borrower.
 - Due Diligence Vendor-08/21/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-08/28/2023

 Resolved-received proof of electronic delivery  - Due Diligence Vendor-08/28/2023

     Package Details - DocMagic.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1119930
XXXXXXX-2023-NQM5-138     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-138     D B D B A A A A Closed FCRE3653 2023-08-21 12:20 2023-08-22 13:45 Resolved 1 - Information D A Credit Missing Doc Missing letter of explanation Resolved-lender confirmed this is primary  - Due Diligence Vendor-08/22/2023
Ready for Review-Document Uploaded. I can't say how "other" was printed, because we have all correct language in our system. Apologies, it is a primary residence for sure - Seller-08/22/2023
Open-Final 1003 : [redacted] is reading as current address, own property but on REO as an other. Please confirm if this is an other or Primary Home - Due Diligence Vendor-08/21/2023		 Ready for Review-Document Uploaded. I can't say how "other" was printed, because we have all correct language in our system. Apologies, it is a primary residence for sure - Seller-08/22/2023

 Resolved-lender confirmed this is primary  - Due Diligence Vendor-08/22/2023

     image.png

image.png		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1119636
XXXXXXX-2023-NQM5-139     D B D B A A A A Closed FCRE9806 2023-08-21 12:10 2023-08-21 12:10 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-Exception Type:- Non-Material: Rate/Price Competitor Match
Short Description:- Match the rate with [redacted]
LO made a quote with another lender [redacted] and got a 2% lower rate. Please see the quote attached and give us a discount to save the loan. Thank you
Exception Page# 112 of 362
 - Due Diligence Vendor-08/21/2023		   Waived-Exception Type:- Non-Material: Rate/Price Competitor Match
Short Description:- Match the rate with [redacted]
LO made a quote with another lender [redacted] and got a 2% lower rate. Please see the quote attached and give us a discount to save the loan. Thank you
Exception Page# 112 of 362
 - Due Diligence Vendor-08/21/2023
   Experienced investor with 2+ investment properties, Borrower contribution exceeds requirement >=5%, Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required, Reserves>6 months (ineligible for Foreign Nationals) It is the borrower's 5th mortgage with us for the last 6 month   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1119616
XXXXXXX-2023-NQM5-140     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-141     C A C A A A A A Closed FCRE1491 2023-08-20 07:19 2023-08-28 09:29 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-proof receipt of gift now present - Due Diligence Vendor-08/28/2023
Ready for Review-Document Uploaded. Please find attached - Seller-08/28/2023
Open-Asset Qualification Does Not Meet Guideline Requirements Missing [redacted] bank Stmt for account [redacted]  evidencing deposit of 20K Gift - Gift made 07/31 - latest [redacted] stmt is 07/10/2023 -page 183. - Due Diligence Vendor-08/20/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-08/28/2023

 Resolved-proof receipt of gift now present - Due Diligence Vendor-08/28/2023

     docviewerfile.png Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1117924
XXXXXXX-2023-NQM5-142     C A C A A A A A Closed FCRE1491 2023-08-21 09:50 2023-09-05 12:37 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-gift letter now present. - Due Diligence Vendor-09/05/2023

Ready for Review-Document Uploaded. Please, find the Gift letter attached. Thank you! - Seller-09/05/2023

Counter-missing gift letter for $184000 - Due Diligence Vendor-08/28/2023

Ready for Review-Document Uploaded.  - Seller-08/25/2023

Open-Asset Qualification Does Not Meet Guideline Requirements Please provide evidence of gift letter and  wire to Borrower -page 296 reflects escrow wire receipt of $184K + page 298 reflects additional $1,840. (CD states $186K) - Additionally, the escrow wire receipts do not provide the donor's name or originating bank. Please provide wire evidence of the 186K similar to the EMD gift wire page 301  with an executed Gift letter for the 186K. - Due Diligence Vendor-08/21/2023		 Ready for Review-Document Uploaded. Please, find the Gift letter attached. Thank you! - Seller-09/05/2023

 Ready for Review-Document Uploaded.  - Seller-08/25/2023

 Resolved-gift letter now present. - Due Diligence Vendor-09/05/2023

     1692128187004.fax.pdf

Wire In - # 12076 $184,000.00.pdf

1692127084196.fax.pdf

Wire In - # 12075 $1,840.00.pdf

1050490_ Gift Letter 186k.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1119227
XXXXXXX-2023-NQM5-143     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-144     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-145     C A C A A A A A Closed FCRE6843 2023-08-22 08:45 2023-08-24 11:50 Resolved 1 - Information C A Credit Assets Asset General Resolved-lender has backed out the EMD and has sufficient funds to cover - Due Diligence Vendor-08/24/2023

Counter-need a waiver. Guidelines call for this  On purchase transactions - Earnest Money/down payment deposits must be verified with an Escrow letter from a Third party – (i.e., Title/Escrow company and not related to seller/builder) plus copies of cancelled escrow checks and/or wires along with evidence the funds have cleared the borrower’s account. - Due Diligence Vendor-08/23/2023

Ready for Review-It was back out with existing assets - Seller-08/23/2023

Open-EMD proof for $6,000 is missing (Dated 06/27/2023 mentioned as per the receipt available on pg#88 of 363) Per guide withdrawal proof is mandate and need to verify the same. - Due Diligence Vendor-08/22/2023		 Ready for Review-It was back out with existing assets - Seller-08/23/2023

 Resolved-lender has backed out the EMD and has sufficient funds to cover - Due Diligence Vendor-08/24/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1121416
XXXXXXX-2023-NQM5-146     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-146     C B A A C A B B Closed FCOM3605 2023-08-22 09:51 2023-08-29 11:35 Resolved 1 - Information C A Compliance TRID TRID: CD not delivered at least 3 days prior to consummation Resolved- proof doc sent 8/7 now present - Due Diligence Vendor-08/29/2023

Ready for Review-Document Uploaded. Please find proof for 8/7 attached. Please note that Final lender CD 8/8 was not provided to you initially (it has been attached to this condition earlier) - Seller-08/28/2023

Counter-Need proof 8/7 CD delivered electronic.  this is dated 8/8 - Due Diligence Vendor-08/28/2023

Ready for Review-Document Uploaded. Please find Final CD attached - Seller-08/28/2023

Open-Provide Evidence that CD issued on 8/7/23 was sent electronically to borrower. - Due Diligence Vendor-08/22/2023		 Ready for Review-Document Uploaded. Please find proof for 8/7 attached. Please note that Final lender CD 8/8 was not provided to you initially (it has been attached to this condition earlier) - Seller-08/28/2023

 Ready for Review-Document Uploaded. Please find Final CD attached - Seller-08/28/2023

 Resolved- proof doc sent 8/7 now present - Due Diligence Vendor-08/29/2023

     Executed Lender  CD 1049779.pdf

Package Details - DocMagic.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1121615
XXXXXXX-2023-NQM5-147     C B A A C A B B Closed FVAL9739 2023-08-21 17:11 2023-08-21 17:11 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception on page 7

New Build on the Beach appraisal comparables with Gross Adjustments over 25% and Over 4 miles

Approved with conditions of Counter: rate/term only, [redacted] LTV max, max LA [redacted]. Full value review required (CUW to send for CC to review the results). Priced as [redacted] + 0.375 hit to price (not rate). - Due Diligence Vendor-08/21/2023		   Waived-Exception on page 7

New Build on the Beach appraisal comparables with Gross Adjustments over 25% and Over 4 miles

Approved with conditions of Counter: rate/term only, 62 LTV max, max LA 2,716,000. Full value review required (CUW to send for CC to review the results). Priced as [redacted] + 0.375 hit to price (not rate). - Due Diligence Vendor-08/21/2023
   5 years on current job, No credit events past 48 months, No mortgage late payments in last 24 months
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 Originator Pre-Close Yes 1120302
XXXXXXX-2023-NQM5-147     C B C A A A B B Closed FCRE1480 2023-08-22 16:43 2023-10-04 14:30 Resolved 1 - Information C A Credit Assets Asset 2 Does Not Meet Guideline Requirements Resolved-lender has obtained and provided where funds came from  - Due Diligence Vendor-10/04/2023

Ready for Review-Document Uploaded. please see attached bottom to top - Seller-10/04/2023

Counter-We see the deposits sent in, need to know the source.   - Due Diligence Vendor-09/22/2023

Ready for Review-Document Uploaded. So the account was only opened on July 17 there’s no statement available yet, but we do have all of the transactions since the account was opened and we sourced all of the large deposits. Please see transactions bottom to top - Seller-09/22/2023

Open-Asset Record 2 Does Not Meet G/L Requirements 2 months complete statement is missing for acc#4989.
Note only provided couple of transactions: refer pg#143 & 146 - Due Diligence Vendor-08/22/2023		 Ready for Review-Document Uploaded. please see attached bottom to top - Seller-10/04/2023

 Ready for Review-Document Uploaded. So the account was only opened on July 17 there’s no statement available yet, but we do have all of the transactions since the account was opened and we sourced all of the large deposits. Please see transactions bottom to top - Seller-09/22/2023

 Resolved-lender has obtained and provided where funds came from  - Due Diligence Vendor-10/04/2023

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image.png		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1122565
XXXXXXX-2023-NQM5-148     C B C A A A B B Closed FVAL9739 2023-08-22 13:43 2023-08-22 16:59 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type:-Material: Appraisal
Short Description:-1007 Comparable
Hello Credit committee this exception is to ok to proceed with 1007 that has comparable with over 100% in gross adjustments and located more than 100 miles away from the subject property + no indication on whether comparable are rented on a long or short terms (using short term). Multiple attempts were made asking to update the form. Not able to obtain 1007 with relevant comparable from the appraiser. Thank you for your consideration.
*Exception Form Page# 679
 - Due Diligence Vendor-08/22/2023		   Waived-Exception Type:-Material: Appraisal
Short Description:-1007 Comparable
Hello Credit committee this exception is to ok to proceed with 1007 that has comparable with over 100% in gross adjustments and located more than 100 miles away from the subject property + no indication on whether comparable are rented on a long or short terms (using short term). Multiple attempts were made asking to update the form. Not able to obtain 1007 with relevant comparable from the appraiser. Thank you for your consideration.
*Exception Form Page# 679
 - Due Diligence Vendor-08/22/2023

   DSCR=> 1.3 , No credit events past 48 months, No mortgage late payments in last 24 months, Reserves>6 months (ineligible for Foreign Nationals)
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1122227
XXXXXXX-2023-NQM5-149     B B B B A A A A Closed FCRE1197 2023-08-22 11:14 2023-08-22 11:14 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of [redacted] is less than Guideline FICO of 680 Page 371 to permit 2 point score exception. [redacted] LTV Cash out requires a 680 score. - Due Diligence Vendor-08/22/2023   Waived-Audited FICO of 678 is less than Guideline FICO of 680 Page 371 to permit 2 point score exception. [redacted] LTV Cash out requires a 680 score. - Due Diligence Vendor-08/22/2023

   No credit events past 48 months, No mortgage lates last 24 months, 5+ yrs credit history, No consumer lates last 48 months.   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1121841
XXXXXXX-2023-NQM5-150     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-151     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-152     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-153     C A C A A A A A Closed FCRE6843 2023-08-23 08:42 2023-08-30 08:03 Resolved 1 - Information C A Credit Assets Asset General Resolved-Lender is following FNMA guides.  - Due Diligence Vendor-08/30/2023

Ready for Review-Document Uploaded. Per Senior UW, Funds are not coming as GIFT as it is coming from a Title-only borrower. Please see attached the response from Fannie Mae about using Title Only borrower's funds for the Closing Cost/down payment. Thank you! - Seller-08/30/2023

Open-Borrower's contribution is 2.854% only.
Note:-As per guideline, Gift funds are allowed for  Asset Utilization, the borrower must contribute at least 20% from their own funds with maximum [redacted] CLTV.
 - Due Diligence Vendor-08/23/2023		 Ready for Review-Document Uploaded. Per Senior UW, Funds are not coming as GIFT as it is coming from a Title-only borrower. Please see attached the response from Fannie Mae about using Title Only borrower's funds for the Closing Cost/down payment. Thank you! - Seller-08/30/2023

 Resolved-Lender is following FNMA guides.  - Due Diligence Vendor-08/30/2023

     1050293_FNMA response.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1123449
XXXXXXX-2023-NQM5-154     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-154     C A C A C A A A Closed FCOM1265 2023-08-22 09:13 2023-09-22 15:22 Resolved 1 - Information C A Compliance Right to Rescind Non-Borrower Title Holder Did Not Receive Right of Rescission Form Resolved-Non-Borrower Title Holder Received Right of Rescission Form - Due Diligence Vendor-09/22/2023
Resolved-title in one borrowers name only  Only borrower signed mortgage - Due Diligence Vendor-09/22/2023
Ready for Review-Property located in [redacted] state. It is non-community state, so only Title holder should sign Right of Rescission. The spouse is not a Title holder and has never been per Title commitment and Chaine of Title. - Seller-09/22/2023
Open-Non-Borrower Title Holder Did Not Receive Right of Rescission Form 1003 says married.  missing for spouse - Due Diligence Vendor-08/22/2023		 Ready for Review-Property located in NY state. It is non-community state, so only Title holder should sign Right of Rescission. The spouse is not a Title holder and has never been per Title commitment and Chaine of Title. - Seller-09/22/2023

 Resolved-Non-Borrower Title Holder Received Right of Rescission Form - Due Diligence Vendor-09/22/2023

 Resolved-title in one borrowers name only  Only borrower signed mortgage - Due Diligence Vendor-09/22/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1121501
XXXXXXX-2023-NQM5-155     C A C A C A A A Closed FCRE8611 2023-08-22 10:30 2023-08-29 11:37 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-now dated - Due Diligence Vendor-08/29/2023

Ready for Review-Document Uploaded. Please find attached. thanks! - Seller-08/28/2023

Open-P&L Page 94 not dated by preparer - Due Diligence Vendor-08/22/2023		 Ready for Review-Document Uploaded. Please find attached. thanks! - Seller-08/28/2023

 Resolved-now dated - Due Diligence Vendor-08/29/2023

     Manuel Sibre CPA letter.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1121715
XXXXXXX-2023-NQM5-156     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-157     B B B B A A A A Closed FCRE8611 2023-08-22 07:56 2023-08-22 07:56 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Exception on page 285

Hello Team, This is an approved loan with a well qualified borrower, established credit and employment. Underwriter requesting exception on bank statement income. UW Condition: Approved exception form required for the following: Borrowers income for 24mo is shown as not stable/predictable, relatively volatile. Our borrower is a Realtor paid on commission. Attached is a copy of the credit report and LOE for reference. Thank you for your consideration on approving this request with no adjustment.

Approved as is - Due Diligence Vendor-08/22/2023		   Waived-Exception on page 285

Hello Team, This is an approved loan with a well qualified borrower, established credit and employment. Underwriter requesting exception on bank statement income. UW Condition: Approved exception form required for the following: Borrowers income for 24mo is shown as not stable/predictable, relatively volatile. Our borrower is a Realtor paid on commission. Attached is a copy of the credit report and LOE for reference. Thank you for your consideration on approving this request with no adjustment.

Approved as is - Due Diligence Vendor-08/22/2023

   5 years on current job, DTI >=10% lower than loan program, 10 years or more in same line of employment, 5+ years credit history   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1121247
XXXXXXX-2023-NQM5-158     B B A A A A B B Closed FPRO116 2023-08-23 09:01 2023-08-23 09:01 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Page 9 - Subject has 8 units New construction condo - One owner owns 2 or 25% - HOA cannot provide budget and CCR's. - Due Diligence Vendor-08/23/2023   Waived-Page 9 - Subject has 8 units New construction condo - One owner owns 2 or 25% - HOA cannot provide budget and CCR's. - Due Diligence Vendor-08/23/2023

   Revolving debt under 30%, 5 yrs current job 10 yrs same line employment, No credit events past 48 months, No mortgage lates last 24, 5+ yrs credit history, No consumer lates last 48 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA Originator Pre-Close No 1123508
XXXXXXX-2023-NQM5-158     C B C B A A B B Closed FVAL9739 2023-08-23 15:44 2023-08-30 10:20 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type:-Material: Appraisal
Short Description:-rural ADU
Hi Team, please give us the exception on the following: the rural property type must have only one unit. Per appraisal, there is one with accessory unit;
Exception page# 96 of 155 - Due Diligence Vendor-08/23/2023		   Waived-Exception Type:-Material: Appraisal
Short Description:-rural ADU
Hi Team, please give us the exception on the following: the rural property type must have only one unit. Per appraisal, there is one with accessory unit;
Exception page# 96 of 155 - Due Diligence Vendor-08/23/2023

   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1124670
XXXXXXX-2023-NQM5-158     C B C B A A B B Closed FCRE9802 2023-08-23 15:46 2023-08-30 10:20 Waived 2 - Non-Material B B Credit Eligibility Borrower is First Time Homebuyer and Program Does Not Allow This Waived-Borrower cannot be first time homebuyer for this program Exception Type:- Material: Title
Short Description:- No ownership within 24 months
Hi Team, borrower currently lives and works in [redacted] and is looking to purchase the property in [redacted] as an Investment property. He currently rents his primary residence in [redacted] and has not owned a property in the last three years so he would be considered a first time home buyer.
Exception Page# 97 of 155 - Due Diligence Vendor-08/23/2023		   Waived-Borrower cannot be first time homebuyer for this program Exception Type:- Material: Title
Short Description:- No ownership within 24 months
Hi Team, borrower currently lives and works in [redacted] and is looking to purchase the property in [redacted] as an Investment property. He currently rents his primary residence in [redacted] and has not owned a property in the last three years so he would be considered a first time home buyer.
Exception Page# 97 of 155 - Due Diligence Vendor-08/23/2023
   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1124674
XXXXXXX-2023-NQM5-158     C B C B A A B B Closed FCRE8800 2023-08-24 09:37 2023-08-30 10:19 Resolved 1 - Information C A Credit Eligibility Compensating Factors are insufficient to approve Exception Waiver Resolved-corrected comp factors - Due Diligence Vendor-08/30/2023

Ready for Review-Document Uploaded. Please find updated UW Exception forms attached - Seller-08/29/2023

Open-Exception form on pg#96 & 97
Compensating factor : No mortgage late is unable to identify. Borrower is a 1st time home buyer and there is 0 mortgage details to verify this. - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. Please find updated UW Exception forms attached - Seller-08/29/2023

 Resolved-corrected comp factors - Due Diligence Vendor-08/30/2023

     176717750_Exception Form 04-21-2023_20230829140819.pdf

173511536_Exception Form 04-21-2023_20230829141238.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1125828
XXXXXXX-2023-NQM5-159     C B C B A A B B Closed FCRE9806 2023-08-23 15:48 2023-08-23 15:48 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-Exception Type:-Material: Rate/Price New Broker Relationship
Short Description :-Price discount
Hi Team, we need to handle the situation when a borrower is not willing to pay a lot of points
Exception Page# 98 of 155
 - Due Diligence Vendor-08/23/2023		   Waived-Exception Type:-Material: Rate/Price New Broker Relationship
Short Description :-Price discount
Hi Team, we need to handle the situation when a borrower is not willing to pay a lot of points
Exception Page# 98 of 155
 - Due Diligence Vendor-08/23/2023

   No credit events past 48 months, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1124682
XXXXXXX-2023-NQM5-160     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-161     C A A A C A A A Closed 2000000 2023-08-23 10:54 2023-08-31 16:12 Resolved 1 - Information C A Compliance Mavent Fees: Prohibited Resolved-Fees were title fees charged by borrowers selected provider. Finding is resolved. - Due Diligence Vendor-08/31/2023
Open-Section 3:1-16.2 of the [redacted] Mortgage Loans, Fees, Obligations Provisions ([redacted] 3:1-16.2) does not allow Pending Litigation (Fee ID: 998) to be charged to the Borrower in [redacted]. The following fees are not acceptable in [redacted]; Pending Litigation Fee and Ein Verification Fee. - Due Diligence Vendor-08/23/2023		   Resolved-Fees were title fees charged by borrowers selected provider. Finding is resolved. - Due Diligence Vendor-08/31/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1123808
XXXXXXX-2023-NQM5-162     C A C A A A A A Closed FCRE1254 2023-08-24 08:18 2023-10-06 13:46 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-ded to LLC now present - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please see attached Quit Claim Deed - Seller-10/06/2023

Open-Property Title Issue Deed is missing in file for the change in vesting from an Individual to LLC - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. Please see attached Quit Claim Deed - Seller-10/06/2023

 Resolved-ded to LLC now present - Due Diligence Vendor-10/06/2023

     DEED.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1125581
XXXXXXX-2023-NQM5-162     D A D A A A A A Closed FCRE9806 2023-08-24 06:07 2023-08-25 07:39 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-lender addressed no assessments and appraisal supports. - Due Diligence Vendor-08/25/2023

Ready for Review-Document Uploaded. There is only "None" tagged. Word "Current" was tagged but then removed, no assessments here - Seller-08/25/2023

Open-page 343 says there are special assessments - provide amount and update DSCR score if needed - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. There is only "None" tagged. Word "Current" was tagged but then removed, no assessments here - Seller-08/25/2023

 Resolved-lender addressed no assessments and appraisal supports. - Due Diligence Vendor-08/25/2023

     image.png ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1125281
XXXXXXX-2023-NQM5-163     D A D A A A A A Closed FCRE1241 2023-08-24 09:13 2023-08-25 07:38 Resolved 1 - Information D A Credit Missing Doc Purchase Contract is Missing Resolved-received contract - Due Diligence Vendor-08/25/2023

Ready for Review-Document Uploaded. apologies, it hasn't merged - Seller-08/25/2023

Open- - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. apologies, it hasn't merged - Seller-08/25/2023

 Resolved-received contract - Due Diligence Vendor-08/25/2023

     1050642_PC.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1125751
XXXXXXX-2023-NQM5-164     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-165     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-166     B B B B A A A A Closed FCRE1491 2023-08-23 12:21 2023-08-23 12:21 Waived 2 - Non-Material B B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Asset Qualification Does Not Meet Guideline Requirements DSCR with gift requires a 20% BWR contribution - BWR at  15.73%. Exception page 245. - Due Diligence Vendor-08/23/2023   Waived-Asset Qualification Does Not Meet Guideline Requirements DSCR with gift requires a 20% BWR contribution - BWR at  15.73%. Exception page 245. - Due Diligence Vendor-08/23/2023

   Experienced investor with 2+ properties, No mortgage lates last 24 months, 5+ yrs credit history,    ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1124068
XXXXXXX-2023-NQM5-167     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-167     B B B B A A A A Closed FCRE9806 2023-08-23 10:50 2023-08-23 10:54 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-Page 1311 - Bwr 2 has ITIN - Non Perm - ITIN  letter in file.  - Due Diligence Vendor-08/23/2023   Waived-Page 1311 - Bwr 2 has ITIN - Non Perm - ITIN  letter in file.  - Due Diligence Vendor-08/23/2023

   Revolving debt under 30%, No credit events past 48 months, No consumer lates last 48 months, 2+ bwrs on loan, Bwr contribution exceeds 5%, Reserves > 6 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1123792
XXXXXXX-2023-NQM5-168     B B B B A A A A Closed FCRE8611 2023-08-23 10:53 2023-08-23 10:53 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Page 1299 - exception to allow YTD income calculation fo rBWR as previous earnings were affected by Covid. Complete company shUTDown 2020-some of 2022. - Due Diligence Vendor-08/23/2023   Waived-Page 1299 - exception to allow YTD income calculation fo rBWR as previous earnings were affected by Covid. Complete company shutdown 2020-some of 2022. - Due Diligence Vendor-08/23/2023

   Revolving debt under 30%, No credit events past 48 months, No consumer lates last 48 months, 2+ bwrs on loan, Bwr contribution exceeds 5%, Reserves > 6 months. Credit score > 40 points above program minimum.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1123801
XXXXXXX-2023-NQM5-168     D B C B D A A A Closed FCOM9970 2023-08-21 08:22 2023-08-23 13:40 Resolved 1 - Information D A Compliance Missing Doc Missing Compliance Documentation Unable to Test Compliance Resolved-compliance done - Due Diligence Vendor-08/23/2023

Ready for Review-Document Uploaded. Please, find attached the initial disclosure pkg. Thank you! - Seller-08/23/2023

Open-Missing final TIL and/or other documentation necessary to run Compliance Testing. Initial LE is missing hence not run compliance.
 - Due Diligence Vendor-08/21/2023		 Ready for Review-Document Uploaded. Please, find attached the initial disclosure pkg. Thank you! - Seller-08/23/2023

 Resolved-compliance done - Due Diligence Vendor-08/23/2023

     1051497_Initial Disclosure pkg.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1118907
XXXXXXX-2023-NQM5-168     D B C B D A A A Closed FCOM1797 2023-08-21 08:20 2023-08-23 12:30 Resolved 1 - Information D A Compliance Missing Doc Missing Service Provider List Resolved-present - Due Diligence Vendor-08/23/2023

Ready for Review- Please, find the initial disclosure pkg uploaded. Thank you! - Seller-08/23/2023

Open-Service provider list missing in file. - Due Diligence Vendor-08/21/2023		 Ready for Review- Please, find the initial disclosure pkg uploaded. Thank you! - Seller-08/23/2023

 Resolved-present - Due Diligence Vendor-08/23/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1118904
XXXXXXX-2023-NQM5-168     D B C B D A A A Closed FCOM1252 2023-08-21 08:19 2023-08-23 12:29 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Loan Estimate Resolved-present - Due Diligence Vendor-08/23/2023

Ready for Review- Please, find the initial disclosure pkg uploaded. Thank you! - Seller-08/23/2023

Open-Initial Loan estimate missing in file. - Due Diligence Vendor-08/21/2023		 Ready for Review- Please, find the initial disclosure pkg uploaded. Thank you! - Seller-08/23/2023

 Resolved-present - Due Diligence Vendor-08/23/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1118898
XXXXXXX-2023-NQM5-168     D B C B D A A A Closed FCOM1266 2023-08-21 05:26 2023-08-23 12:28 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-08/23/2023

Ready for Review- Please, find the initial disclosure pkg uploaded. Thank you! - Seller-08/23/2023

Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-08/21/2023		 Ready for Review- Please, find the initial disclosure pkg uploaded. Thank you! - Seller-08/23/2023

 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-08/23/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1118534
XXXXXXX-2023-NQM5-168     D B C B D A A A Closed FCOM1231 2023-08-21 05:25 2023-08-23 12:25 Resolved 1 - Information D A Compliance Missing Doc The Initial 1003 is Missing Resolved-The Initial 1003 is Present or Not Applicable (The 1003 Page Occupancy status is 'Investment'). - Due Diligence Vendor-08/23/2023

Ready for Review- Please, find the initial disclosure pkg uploaded. Thank you! - Seller-08/23/2023

Open-The Initial 1003 is Missing and the 1003 Page Occupancy Status is 'Primary Residence'. Initial 1003 and all initial docs missing - Due Diligence Vendor-08/21/2023		 Ready for Review- Please, find the initial disclosure pkg uploaded. Thank you! - Seller-08/23/2023

 Resolved-The Initial 1003 is Present or Not Applicable (The 1003 Page Occupancy status is 'Investment'). - Due Diligence Vendor-08/23/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1118532
XXXXXXX-2023-NQM5-168     D B C B D A A A Closed FCRE1253 2023-08-21 05:36 2023-08-23 12:24 Resolved 1 - Information C A Credit Eligibility Missing Property Tax Cert Resolved-lender corrected taxes to 1.5% - Due Diligence Vendor-08/23/2023

Ready for Review-Document Uploaded. Please, find attached the PCCD with LOE correcting the Tax amount and the PITIA. Thank you! - Seller-08/23/2023

Open-Missing Property Tax Cert need tax estimator for new construction - Due Diligence Vendor-08/21/2023		 Ready for Review-Document Uploaded. Please, find attached the PCCD with LOE correcting the Tax amount and the PITIA. Thank you! - Seller-08/23/2023

 Resolved-lender corrected taxes to 1.5% - Due Diligence Vendor-08/23/2023

     1051497_LOE.pdf

1051497_PCCD 2.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1118544
XXXXXXX-2023-NQM5-169     D B C B D A A A Closed FCRE1493 2023-08-21 05:49 2023-08-21 05:49 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Need an exception for being short 1 tradeline. The other tradelines have not been revolving long enough to
qualify.
 - Due Diligence Vendor-08/21/2023		   Waived-Need an exception for being short 1 tradeline. The other tradelines have not been revolving long enough to
qualify.
 - Due Diligence Vendor-08/21/2023

   Comments
Compensating Factors
Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, No credit events past 48 months, No
mortgage late payments in last 24 months
Credit Decision Status Approved with conditions Conditions: +0.25 to the rate, max CLTV 85
page 510		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1118559
XXXXXXX-2023-NQM5-169     D A D A A A D A Closed FVAL4940 2023-08-23 15:21 2023-08-29 12:09 Resolved 1 - Information D A Property Missing Doc Missing Homeowner's Association Questionnaire Resolved-recvd questionnaire  - Due Diligence Vendor-08/29/2023

Ready for Review-Document Uploaded. Please find it attached - Seller-08/28/2023

Open-Condo qt on Pg.113 is blank - Due Diligence Vendor-08/23/2023		 Ready for Review-Document Uploaded. Please find it attached - Seller-08/28/2023

 Resolved-recvd questionnaire  - Due Diligence Vendor-08/29/2023

     questionnaire.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1124620
XXXXXXX-2023-NQM5-169     D A D A A A D A Closed FCRE6843 2023-08-23 15:35 2023-08-29 12:08 Resolved 1 - Information C A Credit Assets Asset General Resolved-Lender identified that page 328 [redacted] transfers are EMD.  was able to piece this together with the sellers CD to show [redacted] is the realtor - Due Diligence Vendor-08/29/2023
Ready for Review-It can be found on page 328 ([redacted]) - Seller-08/28/2023
Open-missing proof of EMD and withdrawal from account - Due Diligence Vendor-08/23/2023		 Ready for Review-It can be found on page 328 [redacted] - Seller-08/28/2023
 Resolved-Lender identified that page 328 [redacted] transfers are EMD.  was able to piece this together with the sellers CD to show [redacted] is the realtor - Due Diligence Vendor-08/29/2023
       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1124656
XXXXXXX-2023-NQM5-170     D A D A A A D A Closed FCOM4028 2023-08-23 14:39 2023-08-25 12:27 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-08/25/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-08/23/2023		   Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-08/25/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1124497
XXXXXXX-2023-NQM5-170     C B C B C A C B Closed FCRE1479 2023-08-24 09:48 2023-09-13 07:39 Waived 2 - Non-Material C B Credit Assets Asset 1 Does Not Meet Guideline Requirements Waived-Allow using the retirement account for reserves only without terms of withdrawal.
 - Due Diligence Vendor-09/13/2023

Ready for Review-Document Uploaded. Please, find the exception for funds usage attached. Thank you! - Seller-09/13/2023

Counter-Disagree.  Need proof they can access funds. Per guides RETIREMENT ACCOUNTS
• [redacted] of the vested value of funds from a retirement account may be used for down payment, closing costs, and reserves.
• Borrower ownership of the account and vesting must be documented.
• ***The account must allow withdrawal regardless of employment status.  Does not separate reserves.   This is valid.  - Due Diligence Vendor-08/30/2023

Ready for Review-Please, be advised that we do not require the terms of withdrawal if we are using retirement funds for reserves purposes only. Thank you! - Seller-08/30/2023

Open-Asset Record 1 Does Not Meet G/L Requirements terms of withdraw for 401k missing - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. Please, find the exception for funds usage attached. Thank you! - Seller-09/13/2023

 Ready for Review-Please, be advised that we do not require the terms of withdrawal if we are using retirement funds for reserves purposes only. Thank you! - Seller-08/30/2023

 Waived-Allow using the retirement account for reserves only without terms of withdrawal.
 - Due Diligence Vendor-09/13/2023

   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
Revolving debt is under 30%, 5 years on current job, No credit events past 48 months, No mortgage late payments in last 24 months		 1047047_Exception for use of funds.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1125875
XXXXXXX-2023-NQM5-170     C B C B C A C B Closed FCRE9991 2023-08-24 10:08 2023-09-11 09:31 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-Corrected Amortization term lead to qualifying terms lead to DTi variance less than 1%. Finding is resolved.  - Due Diligence Vendor-09/11/2023

Ready for Review-Please, be advised that we use a qualifying rate for ARM loans. Hence, the qualifying PITIA = $2,801.53 is used for DTI calculations. Thank you! - Seller-09/08/2023

Open-DTI is 44.[redacted]. PITIA is $2240+$2000.67 debts = $4241.09/ 9435 income ($8155 income + $1280 rents used ) - Due Diligence Vendor-08/24/2023		 Ready for Review-Please, be advised that we use a qualifying rate for ARM loans. Hence, the qualifying PITIA = $2,801.53 is used for DTI calculations. Thank you! - Seller-09/08/2023

 Resolved-Corrected Amortization term lead to qualifying terms lead to DTi variance less than 1%. Finding is resolved.  - Due Diligence Vendor-09/11/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1125956
XXXXXXX-2023-NQM5-170     C B C B C A C B Closed 1000704-1002118 2023-08-24 13:39 2023-08-29 11:13 Resolved 1 - Information C A Compliance Tolerance:FinanceCharge Federal - Finance Charge Disclosure Tolerance (Closed End) Resolved-Index rate confirmed by lock desk at 5.055 - Due Diligence Vendor-08/29/2023
Resolved-Resolved - Due Diligence Vendor-08/29/2023
Ready for Review-Please, be advised that the 5.0555 index is SOFR. Per the [redacted] procedure, it is updated once a week for all ARM loans. Per the Lock Desk specialist, on Lock day the index was 5.0555. Thank you! - Seller-08/29/2023
Open-The disclosed finance charge [redacted] is ($6,982.22) below the actual finance charge [redacted]. The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $100 below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1) Rate lock in file page 769 show a max rate of 10.125 which does not match Note.  Amortization schedule on page 807 show a current index rate of 5.0555.  It appears we do not have the correct lock.  At 5.0555 loan will clear, but we do not have proof of where that index was calculated from on and on what date.  Provide proof index was 5.0555 and correct rate lock so we can rerun compliance.  - Due Diligence Vendor-08/24/2023		 Ready for Review-Please, be advised that the 5.0555 index is SOFR. Per the [redacted] procedure, it is updated once a week for all ARM loans. Per the Lock Desk specialist, on Lock day the index was 5.0555. Thank you! - Seller-08/29/2023

 Resolved-Index rate confirmed by lock desk at 5.055 - Due Diligence Vendor-08/29/2023

 Resolved-Resolved - Due Diligence Vendor-08/29/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1126654
XXXXXXX-2023-NQM5-170     C B C B C A C B Closed 1001121-1003175 2023-08-24 13:39 2023-08-29 11:13 Resolved 1 - Information C A Compliance Tolerance:Disclosure Federal - Closing Disclosure Total of Payments Disclosure Tolerance Resolved-Index rate confirmed by lock desk at 5.055 - Due Diligence Vendor-08/29/2023
Resolved-Resolved - Due Diligence Vendor-08/29/2023
Ready for Review-Please, be advised that the 5.0555 index is SOFR. Per the [redacted] procedure, it is updated once a week for all ARM loans. Per the Lock Desk specialist, on Lock day the index was 5.0555. Thank you! - Seller-08/29/2023
Open-The disclosed Total of Payments [redacted] is understated by more than $100 when compared to the actual Total of Payments [redacted]. The difference is ($6,622.22). Regulation Z considers the disclosed Total of Payments inaccurate if it understated by more than $100. (12 CFR 1026.38(o)(1)) Rate lock in file page 769 show a max rate of 10.125 which does not match Note.  Am schedule on page 807 show a current index rate of 5.0555.  It appears we do not have the correct lock.  At 5.0555 loan will clear, but we do not have proof of where that index was calculated from on what date.  Provide proof index was 5.0555 and correct rate lock so we can rerun compliance.  - Due Diligence Vendor-08/24/2023		 Ready for Review-Please, be advised that the 5.0555 index is SOFR. Per the [redacted] procedure, it is updated once a week for all ARM loans. Per the Lock Desk specialist, on Lock day the index was 5.0555. Thank you! - Seller-08/29/2023

 Resolved-Index rate confirmed by lock desk at 5.055 - Due Diligence Vendor-08/29/2023

 Resolved-Resolved - Due Diligence Vendor-08/29/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1126655
XXXXXXX-2023-NQM5-170     C B C B C A C B Closed FVAL5524 2023-08-24 10:08 2023-08-29 10:01 Waived 2 - Non-Material C B Property Property Ineligible Property Waived-Gross living area of unit 2 is less than 500 sq
 - Due Diligence Vendor-08/29/2023

Ready for Review-Document Uploaded. Please, find the exception attached. Thank you! - Seller-08/29/2023

Open-unit 2 less than 500 sq - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. Please, find the exception attached. Thank you! - Seller-08/29/2023

 Waived-Gross living area of unit 2 is less than 500 sq
 - Due Diligence Vendor-08/29/2023

   Compensating Factors
Revolving debt is under 30%, 5 years on current job, No credit events past 48 months, No mortgage late payments in last 24 months		 1047047_Exception for the unit 2 gross living area being less 500sqf.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1125958
XXXXXXX-2023-NQM5-171     C B C B C A C B Closed FVAL4036 2023-08-24 10:10 2023-08-24 10:10 Waived 2 - Non-Material B B Property Property Flip or Rapid Resale of Property Waived-The use of current appraised value
Comments Hello team! Could we get an exception for this property, which was was purchased [redacted] for [redacted].
The seller [redacted] purchased the subject property from her brother (miguel) for 100k because they also did a
quit claim on a different property in [redacted] which [redacted]l owned together of which [redacted] quit her claim
worth about 150k. The subject property was always worth about 300-350k, they just did the sale for an inter
family transfer and it was recorded by the escrow in this manner so it appears like it was sold for [redacted] a few
months ago. Please advise if there is anyway to address the condition given the fact that the property did not go
up in value from [redacted] to [redacted] in a few months, it was always worth [redacted] and [redacted] was just an inter family
transfer not recorded by escrow as such - Due Diligence Vendor-08/24/2023		   Waived-The use of current appraised value
Comments Hello team! Could we get an exception for this property, which was was purchased [redacted].
The seller [redacted] purchased the subject property from her brother (miguel) for 100k because they also did a
quit claim on a different property in [redacted] which [redacted] owned together of which Silvia quit her claim
worth about 150k. The subject property was always worth about 300-350k, they just did the sale for an inter
family transfer and it was recorded by the escrow in this manner so it appears like it was sold for 100k a few
months ago. Please advise if there is anyway to address the condition given the fact that the property did not go
up in value from 100k to 350k in a few months, it was always worth 350k and 100k was just an inter family
transfer not recorded by escrow as such - Due Diligence Vendor-08/24/2023
   Compensating Factors
5 years on current job, DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24
months, No consumer late payments in last 48 months
Credit Decision
Status Approved with
conditions
Conditions: Ok to proceed according to updated guidelines (July 5)
page 895		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1125962
XXXXXXX-2023-NQM5-171     C A A A C A A A Closed 50001251 2023-08-23 14:05 2023-08-31 11:48 Resolved 1 - Information C A Compliance TRID Tolerance Charges That Cannot Increase Test Resolved-COC present - Due Diligence Vendor-08/31/2023
Resolved-Resolved - Due Diligence Vendor-08/31/2023
Ready for Review-Document Uploaded. Please, find the COC attached. Thank you! - Seller-08/31/2023
Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). COC is required for the increased Discount Fee $5,015.63 in Revised CD dated [redacted] from initial CD ($4,012.50) dated 07/27/2023. - Due Diligence Vendor-08/23/2023		 Ready for Review-Document Uploaded. Please, find the COC attached. Thank you! - Seller-08/31/2023

 Resolved-COC present - Due Diligence Vendor-08/31/2023

 Resolved-Resolved - Due Diligence Vendor-08/31/2023

     COC 1048040.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1124396
XXXXXXX-2023-NQM5-172     C A A A C A A A Closed 50001252 2023-08-23 14:05 2023-08-31 11:48 Resolved 1 - Information C A Compliance Mavent Insufficent Change of Circumstance Resolved-COC present - Due Diligence Vendor-08/31/2023
Resolved-Resolved - Due Diligence Vendor-08/31/2023
Ready for Review-Document Uploaded. Please, find the COC uploaded. Thank you! - Seller-08/31/2023
Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). COC is required for the increased Discount Fee $5,015.63 in Revised CD dated [redacted] from initial CD ($4,012.50) dated 07/27/2023. - Due Diligence Vendor-08/23/2023		 Ready for Review-Document Uploaded. Please, find the COC uploaded. Thank you! - Seller-08/31/2023

 Resolved-COC present - Due Diligence Vendor-08/31/2023

 Resolved-Resolved - Due Diligence Vendor-08/31/2023

     COC 1048040.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1124397
XXXXXXX-2023-NQM5-173     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-174     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-174     B B B B A A A A Closed FCRE4369 2023-08-24 15:31 2023-08-24 15:31 Waived 2 - Non-Material B B Credit Eligibility Mortgage/Rental lates exceed guidelines Waived-Credit : 1 mortgage late in April
Exception Form: Pg#173
 - Due Diligence Vendor-08/24/2023		   Waived-Credit : 1 mortgage late in April
Exception Form: Pg#173
 - Due Diligence Vendor-08/24/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1126938
XXXXXXX-2023-NQM5-175     B B B B A A A A Closed FCRE1440 2023-08-24 15:28 2023-08-24 15:28 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Credit: Borrower has a pack of 11 files. Please approve.
Exception Form pg#173 of 590 - Due Diligence Vendor-08/24/2023		   Waived-Credit: Borrower has a pack of 11 files. Please approve.
Exception Form pg#173 of 590 - Due Diligence Vendor-08/24/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required.   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1126936
XXXXXXX-2023-NQM5-175     D A D A A A A A Closed FCRE1483 2023-08-22 12:14 2023-08-29 12:25 Resolved 1 - Information C A Credit Assets Asset 5 Does Not Meet Guideline Requirements Resolved-additional statement provided - Due Diligence Vendor-08/29/2023
Resolved-Asset 5 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-08/29/2023
Ready for Review-Document Uploaded. Please see bank statement for [redacted] for the period 07/11/2023-08/07/2023. With previous statements there are information for [redacted] for the period 06/08/2023-08/07/2023 - Seller-08/29/2023
Counter-wrong account.  Need for acct [redacted].  Pages 59-60 is account #7103 - Due Diligence Vendor-08/24/2023
Ready for Review-Please see pages 59-60 of "[redacted]_Closing documents". There are transactions for the first week of August for the [redacted] account, so we have information for two months. - Seller-08/24/2023
Open- - Missing two full months of [redacted] bank statement. 6/08/2023 - 7/31/2023 is present.   Need June statement  - Due Diligence Vendor-08/22/2023		 Ready for Review-Document Uploaded. Please see bank statement for [redacted] for the period 07/11/2023-08/07/2023. With previous statements there are information for Chase #9174 for the period 06/08/2023-08/07/2023 - Seller-08/29/2023
 Ready for Review-Please see pages 59-60 of "[redacted]". There are transactions for the first week of August for the [redacted] account, so we have information for two months. - Seller-08/24/2023
 Resolved-additional statement provided - Due Diligence Vendor-08/29/2023

 Resolved-Asset 5 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-08/29/2023

     EMD Statement.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1122006
XXXXXXX-2023-NQM5-176     D A D A A A A A Closed FCRE1158 2023-08-23 12:28 2023-08-25 08:46 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-updated ins now present. - Due Diligence Vendor-08/25/2023

Ready for Review-Document Uploaded. Please see updated Insurance in attachment - Seller-08/24/2023

Open-mortgagee clause does not have the ATIMA portion of ISAOA/ATIMA - Due Diligence Vendor-08/23/2023		 Ready for Review-Document Uploaded. Please see updated Insurance in attachment - Seller-08/24/2023

 Resolved-updated ins now present. - Due Diligence Vendor-08/25/2023

     Insurance.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1124087
XXXXXXX-2023-NQM5-177     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-178     B B B B A A A A Closed FCRE1197 2023-08-24 14:32 2023-08-24 14:32 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of [redacted] is less than Guideline FICO of 680 Exception on page 612

FICO [redacted], manufactured, rural, wants to do cash-out

Approved with conditions +0.25 to the rate, rural + manufactured pricing, max CLTV 40 - Due Diligence Vendor-08/24/2023		   Waived-Audited FICO of 645 is less than Guideline FICO of 680 Exception on page 612

FICO 645, manufactured, rural, wants to do cash-out

Approved with conditions +0.25 to the rate, rural + manufactured pricing, max CLTV 40 - Due Diligence Vendor-08/24/2023

   Residual income >=$3000, No credit events past 48 months, 5+ years credit history, LTV 10% below maximum   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1126791
XXXXXXX-2023-NQM5-179     C A C A A A A A Closed FCRE9488 2023-08-24 17:03 2023-08-28 10:05 Resolved 1 - Information C A Credit Borrower Potential Occupancy/Current Address Issues identified in the file Resolved-lender addressed occupancy - Due Diligence Vendor-08/28/2023

Ready for Review-Document Uploaded. Please, be advised that this Appraisal is transferred. Please, find attached the LOE from the Borrower showing the intent to occupy the subject. Thank you! - Seller-08/28/2023

Open-submitted as O/O but appraisal was completed with a 1007 - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. Please, be advised that this Appraisal is transferred. Please, find attached the LOE from the Borrower showing the intent to occupy the subject. Thank you! - Seller-08/28/2023

 Resolved-lender addressed occupancy - Due Diligence Vendor-08/28/2023

     Borrower-Letter_of_explanation.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1127032
XXXXXXX-2023-NQM5-179     C B C B A A A A Closed FCRE1198 2023-08-24 09:03 2023-10-05 09:58 Waived 2 - Non-Material C B Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-short reserves - Due Diligence Vendor-10/05/2023

Ready for Review-Document Uploaded. PC exception granted - Seller-10/05/2023

Open-Audited Reserves of 1.84 month(s) are less than Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. PC exception granted - Seller-10/05/2023

 Waived-short reserves - Due Diligence Vendor-10/05/2023

   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, 5+ years credit history, Reserves>6 months		 1050478_PC exception.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1125723
XXXXXXX-2023-NQM5-180     C B C B A A A A Closed FCRE1501 2023-08-24 09:00 2023-10-05 09:57 Waived 2 - Non-Material C B Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Waived-Audited Reserves of 1.84 mo are less than GL Required of 3 mo; Qualified Assets for Reserves of $18240.8 is less than Required Reserve of $29813.25
 - Due Diligence Vendor-10/05/2023

Ready for Review-Document Uploaded. PC exception granted - Seller-10/05/2023

Open-Total Qualified Assets for Reserves Post-Close of $18240.8 is less than Total Required Reserve Amount of $29813.25 Gift letter for $94,000 on page 266. No letter in PDF to prove it was send at close.

CD has gift at closing of $55,469.89 , Assuming extra gift would have been used for reserves.  If so, need proof the remainder of gift was deposited into the borrowers account. - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. PC exception granted - Seller-10/05/2023

 Waived-Audited Reserves of 1.84 mo are less than GL Required of 3 mo; Qualified Assets for Reserves of $18240.8 is less than Required Reserve of $29813.25
 - Due Diligence Vendor-10/05/2023

   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, 5+ years credit history, Reserves>6 months		 1050478_PC exception.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1125714
XXXXXXX-2023-NQM5-181     A A A A A A A A Closed FCRE9991 2023-08-25 09:53 2023-09-05 12:47 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-updated DSCR - Due Diligence Vendor-09/05/2023

Ready for Review-Document Uploaded. Please, find the updated Tape and 1008 attached. Thank you! - Seller-09/05/2023

Open-DSCR - Lender 1008 indicates  a rent of 2K - Docs in file, 1007 page 100, reflect $1775.  PITI Matches.  No lease or other indicator to support this number in present file.  DSCR should be 1.18  $1775/$1497.72) - Due Diligence Vendor-08/25/2023		 Ready for Review-Document Uploaded. Please, find the updated Tape and 1008 attached. Thank you! - Seller-09/05/2023

 Resolved-updated DSCR - Due Diligence Vendor-09/05/2023

     1050227_1008 updated.pdf

Tape NON QM_ 8-21-23_Aug2023 DSCR ratio updated.xlsx		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1128252
XXXXXXX-2023-NQM5-181     C B C B A A A A Closed FCRE8955 2023-08-25 12:41 2023-10-06 10:55 Waived 2 - Non-Material C B Credit Eligibility Number of Loans to Borrower exceeds guidelines Waived-waiver for number of loans exceeding max - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Hello team, please find attached!  - Seller-10/06/2023

Open-per final 1003 over 5 new loans to borrower - Due Diligence Vendor-08/25/2023		 Ready for Review-Document Uploaded. Hello team, please find attached!  - Seller-10/06/2023

 Waived-waiver for number of loans exceeding max - Due Diligence Vendor-10/06/2023

   Comments
Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
No mortgage late payments in last 24 months, 5+ years credit history
749 Mid FICO
 184604859_Exception.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Post-Close N/A 1128686
XXXXXXX-2023-NQM5-182     C B C B A A A A Closed FCRE1440 2023-08-24 10:37 2023-08-24 10:37 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Housing History Does Not Meet Guideline Requirements Bwr has 1x30 in 04/2023. Exception page 179. - Due Diligence Vendor-08/24/2023   Waived-Housing History Does Not Meet Guideline Requirements Bwr has 1x30 in 04/2023. Exception page 179. - Due Diligence Vendor-08/24/2023

   DSCR > 1.3, Experienced investor 2+ properties, No credit events past 48 months, 5+ yrs credit history, No consumer late payments last 48 months, Credit Score > 40 points above the program minimum.   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1126022
XXXXXXX-2023-NQM5-183     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-184     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-185     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-186     C A C A A A A A Closed FCRE1440 2023-08-24 16:16 2023-09-25 08:19 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-proof not 30 days past due now present. - Due Diligence Vendor-09/25/2023
Ready for Review-Document Uploaded. Please see print outs for loans [redacted] and [redacted]. We have no 30-day lates. - Seller-09/25/2023
Open-Housing History Does Not Meet Guideline Requirements Recent mortgage statement reflect overdue payment for Both REO mortgage.  Both showing 30 days past due
> [redacted] recent montage statement available on page #82 of 201.
> [redacted] recent montage statement available on page #84 of 201. - Due Diligence Vendor-08/28/2023		 Ready for Review-Document Uploaded. Please see print outs for loans #4638 and #6139. We have no 30-day lates. - Seller-09/25/2023

 Resolved-proof not 30 days past due now present. - Due Diligence Vendor-09/25/2023

     1044638 Loan History Statement.pdf

1046139 Loan History Statement.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1126999
XXXXXXX-2023-NQM5-187     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-188     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-189     D A A A D A A A Closed FCOM1221 2023-08-24 19:16 2023-08-31 12:17 Resolved 1 - Information D A Compliance Missing Doc The Deed of Trust is Incomplete Resolved-lender confirmed borrower is not on title - Due Diligence Vendor-08/31/2023
Ready for Review-They both are borrowers, but [redacted] not on the title or Mortgage

 - Seller-08/30/2023
Open-DOT pg#264: B1 sign is missing and no signature line either.
Note:- There are 2 borrower's in loan. Final application and NOTE is signed by both the borrowers.  - Due Diligence Vendor-08/25/2023		 Ready for Review-They both are borrowers, but Elvira not on the title or Mortgage

 - Seller-08/30/2023

 Resolved-lender confirmed borrower is not on title - Due Diligence Vendor-08/31/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1127091
XXXXXXX-2023-NQM5-190     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-191     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-192     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-193     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-194     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-195     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA      
XXXXXXX-2023-NQM5-195     C B C A A A B B Closed FCRE6843 2023-08-25 10:04 2023-09-01 06:54 Resolved 1 - Information C A Credit Assets Asset General Resolved-broker addressed.  gift was a previous transaction  - Due Diligence Vendor-09/01/2023

Ready for Review-Document Uploaded.  - Seller-08/31/2023

Counter-This letter from borrower does not serve to verify funds came from donor.  Need 3rd party proof funds came from donor, via transfer from donor docs. - Due Diligence Vendor-08/28/2023

Ready for Review-Document Uploaded. see attached - Seller-08/28/2023

Open-missing proof donor transferred gifts.  have letter that says he pulled from credit cards but need proof donor transferred from his credit cards - Due Diligence Vendor-08/25/2023		 Ready for Review-Document Uploaded.  - Seller-08/31/2023

 Ready for Review-Document Uploaded. see attached - Seller-08/28/2023

 Resolved-broker addressed.  gift was a previous transaction  - Due Diligence Vendor-09/01/2023

     proof receipt of funds.pdf

PENNYMAC.pdf

TD 5274 April May Tax Payments and 30k.pdf

Letter from broker.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1128271
XXXXXXX-2023-NQM5-196     C B C A A A B B Closed FVAL5474 2023-08-25 10:05 2023-08-25 10:05 Waived 2 - Non-Material B B Property Property Condo project is ineligible Waived-The condo project has got safety issues on the balconies and is a plaintiff in
the litigation. The subject property has got NO balcony therefore there's no access to the balconies from the
subject property. The appraisal came "as is" and the HOA are now in the process of fixing the problem. we
need this one to save the loan, it's the only thing holding us back from CTC.  - Due Diligence Vendor-08/25/2023		   Waived-The condo project has got safety issues on the balconies and is a plaintiff in
the litigation. The subject property has got NO balcony therefore there's no access to the balconies from the
subject property. The appraisal came "as is" and the HOA are now in the process of fixing the problem. we
need this one to save the loan, it's the only thing holding us back from CTC.  - Due Diligence Vendor-08/25/2023

   Compensating Factors
Several income sources and DTI below 45%, Revolving debt is under 30%, Residual income >=$3000, DTI >=10% lower than loan
program, 10 years or more in same line of employment, No credit events past 48 months, No mortgage late payments in last 24
months, 5+ years credit history, No consumer late payments in last 48 months
page 1144		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1128280
XXXXXXX-2023-NQM5-197     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-198     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-199     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance No Cash Out - Borrower Initiated      
XXXXXXX-2023-NQM5-200     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-201     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-202     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA      
XXXXXXX-2023-NQM5-202     C B A A C B B B Closed 2400020-HighCost-Fees 2023-08-26 12:26 2023-10-05 13:49 Cured 2 - Non-Material C B Compliance Mavent HighCost: Fees Cured-IN good faith Lender issued refund to borrower of excess fees and reissued PCCD. Finding is cured. - Due Diligence Vendor-10/05/2023
Resolved-Resolved - Due Diligence Vendor-10/05/2023
Ready for Review-Document Uploaded. Please, find the PCCD with the check refund and LOE attached. Thank you! - Seller-10/05/2023
Counter-We cannot exclude the discount points of (1.125%) (Loan Discount Amount of ($2,070.00)) you submitted in this loan from the federal points and fees calculation. Under
the Dodd-Frank Act and Regulation Z, up to 2 bona fide discount points may be excluded if the interest rate from which the mortgage's interest rate will be discounted does not
exceed the APOR + 1; or up to 1 bona fide discount point if the interest rate from which the mortgage's interest rate will be discounted does not exceed the APOR + 2.

Therefore the [redacted] fees exceed the 5% threshold set out in [redacted] Code 1981, § 7-6A-1, paragraph 17 (B)(B) The total points and fees payable in connection with the loan, excluding not more than two
bona fide discount points, exceed: (i) 5 percent of the total loan amount if the total loan amount is $20,000.00 or more..

The original finding will stand. The loan fees ($9,137.95) exceed the ([redacted]) High Cost fee limit, which is ($8,714.31), the difference is ($423.64). .The loan fees ($9,137.95) exceed the ([redacted]) High Cost fee limit, which is ($8,714.31), the difference is ($423.64). Cure requires refund to borrower and PCCD. - Due Diligence Vendor-09/05/2023
Ready for Review-Please, find the Compliance report merged with complete credit pkg, pp.277-292. Per page 290 of 450 - [redacted] HIGH-COST ANALYSIS section, Loan Discount Points are Bona Fide. So, the loan should pass [redacted] High-Cost fee limit. Thank you! - Seller-08/29/2023
Open-The loan fees ($9,137.95) exceed the ([redacted]) High Cost fee limit, which is ($8,714.31), the difference is ($423.64). .The loan fees ($9,137.95) exceed the ([redacted]) High Cost fee limit, which is ($8,714.31), the difference is ($423.64). - Due Diligence Vendor-08/26/2023		 Ready for Review-Document Uploaded. Please, find the PCCD with the check refund and LOE attached. Thank you! - Seller-10/05/2023
 Ready for Review-Please, find the Compliance report merged with complete credit pkg, pp.277-292. Per page 290 of 450 - [redacted] HIGH-COST ANALYSIS section, Loan Discount Points are Bona Fide. So, the loan should pass [redacted] High-Cost fee limit. Thank you! - Seller-08/29/2023
 Cured-IN good faith Lender issued refund to borrower of excess fees and reissued PCCD. Finding is cured. - Due Diligence Vendor-10/05/2023

 Resolved-Resolved - Due Diligence Vendor-10/05/2023

     1048501 LOX_PCCD 10-4-23_refund.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A 1129277
XXXXXXX-2023-NQM5-202     C B A A C B B B Closed FCOM9967 2023-08-26 12:20 2023-08-29 09:35 Resolved 1 - Information C A Compliance TRID TRID: Loan Estimate Deficiency Resolved-LE sent electronic - Due Diligence Vendor-08/29/2023

Ready for Review-Document Uploaded. Please, find attached the proof the LE was sent electronically. Thank you! - Seller-08/29/2023

Open-Provide evidence LE 08/09/2023 was sent electronically. - Due Diligence Vendor-08/26/2023		 Ready for Review-Document Uploaded. Please, find attached the proof the LE was sent electronically. Thank you! - Seller-08/29/2023

 Resolved-LE sent electronic - Due Diligence Vendor-08/29/2023

     1048501_LE 8-9.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A 1129274
XXXXXXX-2023-NQM5-203     C B A A C B B B Closed FPRO116 2023-08-26 07:58 2023-08-26 07:58 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Seasoning - Exception page 1 to use appraised value for property acquired less than 12 months- 12/2022 for [redacted]. Current value [redacted]. - Due Diligence Vendor-08/26/2023   Waived-Seasoning - Exception page 1 to use appraised value for property acquired less than 12 months- 12/2022 for [redacted]. Current value [redacted]. - Due Diligence Vendor-08/26/2023
   Revolving debt under 30%, 5 yrs current job, Residual Income >$3,000, DTI > 10% below program maximum.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1129230
XXXXXXX-2023-NQM5-203     B B B B A A A A Closed FCRE1193 2023-08-26 10:01 2023-09-18 15:56 Waived 2 - Non-Material B B Credit Eligibility Audited DTI Exceeds Guideline DTI Waived-DTI exceeds 50% - Due Diligence Vendor-09/18/2023
Rescinded-removed [redacted] auth users - Due Diligence Vendor-08/29/2023
Open-Audited DTI of 58.71% exceeds Guideline DTI of 50% DTI - [redacted] authorized user x two at $202 Each (opening dates and acct# differ) page 293  - Not included in DTI - No explanation/documentation proving other pays debt. Consumer debt total is $455 per Lender which matches review with the exclusion of this debt.  Exception page 536 approved Max DTI of 52%. Loan closed with a 51% DTI -Max is 50% at [redacted] LTV. - Due Diligence Vendor-08/26/2023		   Waived-DTI exceeds 50% - Due Diligence Vendor-09/18/2023

 Rescinded-removed AMEX auth users - Due Diligence Vendor-08/29/2023

   No Credit events past 48 months, No consumer lates last 48 months, Bwr contribution exceeds 5%   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close No 1129255
XXXXXXX-2023-NQM5-204     B B B B A A A A Closed FCRE1197 2023-08-26 10:01 2023-08-26 10:04 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of [redacted] is less than Guideline FICO of 700 Page 535 -  Program requires min score of 700 - Exception to accept [redacted]. - Due Diligence Vendor-08/26/2023   Waived-Audited FICO of 676 is less than Guideline FICO of 700 Page 535 -  Program requires min score of 700 - Exception to accept 676. - Due Diligence Vendor-08/26/2023

   No Credit events past 48 months, No consumer lates last 48 months, Bwr contribution exceeds 5%   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1129256
XXXXXXX-2023-NQM5-205     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-206     B B A A A A B B Closed FPRO116 2023-08-28 10:39 2023-08-28 10:39 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Page 1271 - Lender exception to accept comparable sales outside of new construction development. - Due Diligence Vendor-08/28/2023   Waived-Page 1271 - Lender exception to accept comparable sales outside of new construction development. - Due Diligence Vendor-08/28/2023

   Dti > 10% below program maximum, Revolving debt under 30%, 10 yrs same line of employment, No credit event spast 48 months, No mortgage lates last 24 months, No consumer lates last 48 months, LTV 10% below maximum, Credit score > 40 points above program minimum, Bwr contribution exceeds 5%.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA Originator Pre-Close Yes 1130691
XXXXXXX-2023-NQM5-207     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-207     C B C B C A A A Closed FCRE1501 2023-08-28 08:22 2023-09-12 11:03 Waived 2 - Non-Material C B Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Waived-Loan short reserve requirements per guidelines

 - Due Diligence Vendor-09/12/2023

Ready for Review-Document Uploaded. see attached - Seller-09/12/2023

Open-Total Qualified Assets for Reserves Post-Close of $15479.01 is less than Total Required Reserve Amount of $1[redacted]6.61 File has 2.71 Months PITI reserves or $1,677.60 short in funds to meet the GL requirement- All funds match exact to lender's calc per final 1003. - Due Diligence Vendor-08/28/2023		 Ready for Review-Document Uploaded. see attached - Seller-09/12/2023

 Waived-Loan short reserve requirements per guidelines

 - Due Diligence Vendor-09/12/2023

   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
No credit events past 48 months, No mortgage late payments in last 24 months, Other: specify below
760 Mid Fico
 182240732_Exception%20Form%2009-07-2023_20230911225104.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Post-Close Yes 1130168
XXXXXXX-2023-NQM5-208     C B C B C A A A Closed FCOM9967 2023-08-28 10:02 2023-08-29 09:24 Resolved 1 - Information C A Compliance TRID TRID: Loan Estimate Deficiency Resolved-revd proof sent electronic - Due Diligence Vendor-08/29/2023

Ready for Review-Document Uploaded. see attached - Seller-08/29/2023

Open-Provide evidence LE 07/25/2023 was sent electronically. - Due Diligence Vendor-08/28/2023		 Ready for Review-Document Uploaded. see attached - Seller-08/29/2023

 Resolved-revd proof sent electronic - Due Diligence Vendor-08/29/2023

     esign.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1130539
XXXXXXX-2023-NQM5-209     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-210     C A C A A A A A Closed FCRE1317 2023-08-28 11:32 2023-09-29 10:43 Resolved 1 - Information C A Credit Income/Employment Borrower 1 Total Years Employment Verified is Less Than 24 Months Resolved-P&L from accountant explains changes cures finding - Due Diligence Vendor-09/29/2023

Counter-Per page 43 of guidelines under general requirements for all bank statement income programs "A change is structure is allowed with proper documentation". Please provide supporting documentation!  - Due Diligence Vendor-09/08/2023

Ready for Review-Hello! Borrower has incorporated LLC on 03/25/2022 while before that borrower files Schedule C. - Seller-09/07/2023

Open-1003 and VOE on page 395 state less than 24 months employed, CPA letter on page 1 states 7 years.  Please clarify dates or if filing structure changed as CPA letter is not clear.  - Due Diligence Vendor-08/28/2023		 Ready for Review-Hello! Borrower has incorporated LLC on 03/25/2022 while before that borrower files Schedule C. - Seller-09/07/2023

 Resolved-P&L from accountant explains changes cures finding - Due Diligence Vendor-09/29/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1130856
XXXXXXX-2023-NQM5-210     D A D A D A A A Closed 50001252-Fees-Limited 2023-08-29 13:00 2023-08-31 12:15 Resolved 1 - Information C A Compliance Mavent Fees: Limited Resolved-COC provided - Due Diligence Vendor-08/31/2023
Resolved-Resolved - Due Diligence Vendor-08/31/2023
Ready for Review-Document Uploaded. Please, find the COC attached. Thank you! - Seller-08/31/2023
Open-Provide the COC for the Appraisal Desk Review Fee increase on [redacted]. - Due Diligence Vendor-08/29/2023
Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee, Appraisal Desk Review Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). - Due Diligence Vendor-08/29/2023		 Ready for Review-Document Uploaded. Please, find the COC attached. Thank you! - Seller-08/31/2023

 Resolved-COC provided - Due Diligence Vendor-08/31/2023

 Resolved-Resolved - Due Diligence Vendor-08/31/2023

     1051178_COC 8-15-2023.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1133350
XXXXXXX-2023-NQM5-210     D A D A D A A A Closed 50001251-Fees-Limited 2023-08-29 13:00 2023-08-31 12:15 Resolved 1 - Information C A Compliance Mavent Fees: Limited Resolved-COC provided - Due Diligence Vendor-08/31/2023

Resolved-Resolved - Due Diligence Vendor-08/31/2023

Ready for Review-Document Uploaded. Please, find the COC attached. Thank you! - Seller-08/31/2023

Open-Provide the COC for the Discount Point increase on CD 08/04/2023.
 - Due Diligence Vendor-08/29/2023

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee, Appraisal Desk Review Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). - Due Diligence Vendor-08/29/2023		 Ready for Review-Document Uploaded. Please, find the COC attached. Thank you! - Seller-08/31/2023

 Resolved-COC provided - Due Diligence Vendor-08/31/2023

 Resolved-Resolved - Due Diligence Vendor-08/31/2023

     1051178_COC 8-04-23.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1133351
XXXXXXX-2023-NQM5-210     D A D A D A A A Closed FCRE1158 2023-08-24 14:12 2023-08-31 12:07 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-corrected mtgee clause - Due Diligence Vendor-08/31/2023

Ready for Review-Document Uploaded. Please, find the correct Policy attached. Thank you! - Seller-08/31/2023

Open-ATIMA missing from mortgagee clause - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. Please, find the correct Policy attached. Thank you! - Seller-08/31/2023

 Resolved-corrected mtgee clause - Due Diligence Vendor-08/31/2023

     1051178_HOI corrected.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1126753
XXXXXXX-2023-NQM5-210     D A D A D A A A Closed 123ABJ 2023-08-24 14:13 2023-08-31 12:06 Resolved 1 - Information D A Credit Missing Doc Missing VVOE dated within 10 days consummation Resolved-VVOE now present. - Due Diligence Vendor-08/31/2023

Ready for Review-Document Uploaded. Please, find the document attached. Thank you! - Seller-08/31/2023

Open-VVOE missing - Due Diligence Vendor-08/24/2023		 Ready for Review-Document Uploaded. Please, find the document attached. Thank you! - Seller-08/31/2023

 Resolved-VVOE now present. - Due Diligence Vendor-08/31/2023

     1051178_VVOE-signed.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1126754
XXXXXXX-2023-NQM5-210     D A D A D A A A Closed FCOM9970 2023-08-24 15:34 2023-08-29 13:12 Resolved 1 - Information D A Compliance Missing Doc Missing Compliance Documentation Unable to Test Compliance Resolved-This is accceptable. - Due Diligence Vendor-08/29/2023
Ready for Review-Please, find the [redacted]_Compliance report.pdf uploaded in File uploads. Thank you! - Seller-08/29/2023
Counter-provide specific page number, unable to locate - Due Diligence Vendor-08/28/2023
Ready for Review-Document Uploaded. Please, find the Initial CD attached. Thank you!  - Seller-08/28/2023
Open-Missing final TIL and/or other documentation necessary to run Compliance Testing. Initial CD missing - Due Diligence Vendor-08/24/2023		 Ready for Review-Please, find the [redacted]_Compliance report.pdf uploaded in File uploads. Thank you! - Seller-08/29/2023
 Ready for Review-Document Uploaded. Please, find the Initial CD attached. Thank you!  - Seller-08/28/2023
 Resolved-This is accceptable. - Due Diligence Vendor-08/29/2023

     1051178_3day CD.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1126942
XXXXXXX-2023-NQM5-210     D A D A D A A A Closed 50001252 2023-08-24 15:16 2023-08-29 13:11 Resolved 1 - Information C A Compliance Mavent Insufficent Change of Circumstance Resolved-Provide the COC for the Appraisal Desk Review Fee on 08/15/2023. - Due Diligence Vendor-08/29/2023

Resolved- - Due Diligence Vendor-08/29/2023

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee, Appraisal Desk Review Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Provide a COC for the Appraisal Desk Review Fee and the increase in discount points. - Due Diligence Vendor-08/24/2023		   Resolved-Provide the COC for the Appraisal Desk Review Fee on 08/15/2023. - Due Diligence Vendor-08/29/2023

 Resolved- - Due Diligence Vendor-08/29/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1126916
XXXXXXX-2023-NQM5-210     D A D A D A A A Closed 50001251 2023-08-24 15:16 2023-08-29 13:00 Resolved 1 - Information C A Compliance TRID Tolerance Charges That Cannot Increase Test Resolved- - Due Diligence Vendor-08/29/2023

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee, Appraisal Desk Review Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). Provide a COC for the Appraisal Desk Review Fee and the increase in discount points. - Due Diligence Vendor-08/24/2023		   Resolved- - Due Diligence Vendor-08/29/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1126915
XXXXXXX-2023-NQM5-211     D A D A D A A A Closed FCOM5814 2023-08-24 15:17 2023-08-29 12:29 Resolved 1 - Information C A Compliance TRID TRID: Closing Disclosure Deficiency Resolved-received CD - Due Diligence Vendor-08/29/2023

Ready for Review-Please, find the 1051178_3day CD.pdf uploaded in File uploads. Thank you! - Seller-08/29/2023

Counter-provide specific page number, unable to locate - Due Diligence Vendor-08/28/2023

Ready for Review-Please, find the Initial CD uploaded in File Uploads. Thank you! - Seller-08/28/2023

Open-Provide the initial Closing Disclosure.  - Due Diligence Vendor-08/24/2023		 Ready for Review-Please, find the 1051178_3day CD.pdf uploaded in File uploads. Thank you! - Seller-08/29/2023

 Ready for Review-Please, find the Initial CD uploaded in File Uploads. Thank you! - Seller-08/28/2023

 Resolved-received CD - Due Diligence Vendor-08/29/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1126917
XXXXXXX-2023-NQM5-211     D A D A A A A A Closed FCRE1482 2023-08-28 14:06 2023-09-22 15:24 Resolved 1 - Information C A Credit Assets Asset 4 Does Not Meet Guideline Requirements Resolved-Received document - Due Diligence Vendor-09/22/2023

Open-Asset 4 Does Not Meet Guideline Requirements Bank account missing May statement.  page 311 is page 6 of 6 only - Due Diligence Vendor-09/22/2023

Ready for Review-Document Uploaded. Hello, please find attached.  - Seller-09/22/2023		 Ready for Review-Document Uploaded. Hello, please find attached.  - Seller-09/22/2023

 Resolved-Received document - Due Diligence Vendor-09/22/2023

     1048992_May statement.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1131360
XXXXXXX-2023-NQM5-211     D A D A A A A A Closed FCRE1161 2023-08-28 13:53 2023-08-31 12:29 Resolved 1 - Information D A Credit Missing Doc Flood Certificate Missing Resolved-present - Due Diligence Vendor-08/31/2023

Ready for Review-Document Uploaded. Hello, please find attached.  - Seller-08/30/2023

Open-Missing Flood Certificate missin - Due Diligence Vendor-08/28/2023		 Ready for Review-Document Uploaded. Hello, please find attached.  - Seller-08/30/2023

 Resolved-present - Due Diligence Vendor-08/31/2023

     Flood Certificate 1048992.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1131321
XXXXXXX-2023-NQM5-212     D A D A A A A A Closed FCRE8012 2023-08-28 14:13 2023-08-31 12:26 Resolved 1 - Information D A Credit Missing Doc Missing Purchase Contract Resolved-now present. - Due Diligence Vendor-08/31/2023

Ready for Review-Document Uploaded. Hello. Please find attached. - Seller-08/30/2023

Open- - Due Diligence Vendor-08/28/2023		 Ready for Review-Document Uploaded. Hello. Please find attached. - Seller-08/30/2023

 Resolved-now present. - Due Diligence Vendor-08/31/2023

     Purchase Contract 1048992.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1131379
XXXXXXX-2023-NQM5-213     B B B B A A A A Closed FCRE1501 2023-08-28 15:08 2023-08-28 15:08 Waived 2 - Non-Material B B Credit Assets Liquid Funds Post-Close is less than Total Required Reserve Amount Waived-Total Qualified Assets for Reserves Post-Close of $9288.96 is less than Total Required Reserve Amount of $12484.35 Exception on page 20

Borrower came up short on reserves due to putting more down than required to keep a conservative payment & rate

Approved with conditions of 0.125 to the rate - Due Diligence Vendor-08/28/2023		   Waived-Total Qualified Assets for Reserves Post-Close of $9288.96 is less than Total Required Reserve Amount of $12484.35 Exception on page 20

Borrower came up short on reserves due to putting more down than required to keep a conservative payment & rate

Approved with conditions of 0.125 to the rate - Due Diligence Vendor-08/28/2023

   Several income sources and DTI below 45%, Revolving debt is under 30%, 5 years on current job, Residual income >=$3000, DTI
>=10% lower than loan program, 10 years or more in same line of employment, No credit events past 48 months, No mortgage late
payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, LTV 10% below maximum,
Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1131527
XXXXXXX-2023-NQM5-214     B B B B A A A A Closed FCRE1491 2023-08-29 07:10 2023-08-29 13:40 Waived 2 - Non-Material B B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Asset Qualification Does Not Meet Guideline Requirements Accepting a gift from a friend
Comments $10,000.00 only.  - Due Diligence Vendor-08/29/2023		   Waived-Asset Qualification Does Not Meet Guideline Requirements Accepting a gift from a friend
Comments $10,000.00 only.  - Due Diligence Vendor-08/29/2023

   Compensating Factors
Residual income >=$3000, DTI >=10% lower than loan program, 10 years or more in same line of employment, No credit events
past 48 months, No consumer late payments in last 48 months, Credit score >40 points than minimum required, Borrower
contribution exceeds requirement >=5%, Reserves>6 months
Credit Decision
Status Approved with
conditions
Conditions: +0.125 to the rate, min 3Y PPP required
page 318		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1132277
XXXXXXX-2023-NQM5-214     B B A A A A B B Closed FVAL3954 2023-08-29 10:53 2023-08-29 10:53 Waived 2 - Non-Material B B Property Property Property Damage Waived-Exception Type : Material: Appraisal
Short Description :Repairs, subject to appraisal
Comments :
Hi Team, need an exception on proceeding with subject to appraisal ( 1. REMOVE ALL BUSHES/TREES WEEDS FROM EXTERIOR SIDING/DOORS/WINDOWS $350 2. REPLACE KITCHEN SINK & TOILETS $1,500 3. ADD FLOOR SURFACES TO MAIN LEVEL $2,500 4. REPLACE ALL GREEN CARPET $3,000 5. GENERAL REPAIRS $500 6. ADD 1 SMOKE DETECTOR TO EACH FLOOR 2 X 50 $100

Exception page # 201 of 201 - Due Diligence Vendor-08/29/2023		   Waived-Exception Type : Material: Appraisal
Short Description :Repairs, subject to appraisal
Comments :
Hi Team, need an exception on proceeding with subject to appraisal ( 1. REMOVE ALL BUSHES/TREES WEEDS FROM EXTERIOR SIDING/DOORS/WINDOWS $350 2. REPLACE KITCHEN SINK & TOILETS $1,500 3. ADD FLOOR SURFACES TO MAIN LEVEL $2,500 4. REPLACE ALL GREEN CARPET $3,000 5. GENERAL REPAIRS $500 6. ADD 1 SMOKE DETECTOR TO EACH FLOOR 2 X 50 $100

Exception page # 201 of 201 - Due Diligence Vendor-08/29/2023

   Borrower contribution exceeds requirement >=5%, No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months, Credit score >40 points than minimum required
DSCR 1.1, great credit!!		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1132936
XXXXXXX-2023-NQM5-215     B B A A A A B B Closed FVAL9739 2023-08-29 10:52 2023-08-29 10:52 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type : Appraisal
Short Description :Compliance update on appraisal
Comments :
Hi Team, this file has been submitted on 3rd of August, thus the deal was discussed prior to new compliance update. I assured the broker that we won't have any issues with transferring the appraisal. The report is completed through our approved AMC, all the documents are available for it. Super clean file. Please allow us to proceed with the report.

Exception Page # 200 of 201 - Due Diligence Vendor-08/29/2023		   Waived-Exception Type : Appraisal
Short Description :Compliance update on appraisal
Comments :
Hi Team, this file has been submitted on 3rd of August, thus the deal was discussed prior to new compliance update. I assured the broker that we won't have any issues with transferring the appraisal. The report is completed through our approved AMC, all the documents are available for it. Super clean file. Please allow us to proceed with the report.

Exception Page # 200 of 201 - Due Diligence Vendor-08/29/2023
   No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1132930
XXXXXXX-2023-NQM5-216     B B A A A A B B Closed FPRO116 2023-08-29 05:40 2023-08-29 05:40 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-One appraisal states declining market and it is not in a declining market.
Comments Sales price [redacted]. 1st Appraisal [redacted]declining market. 2nd Appraisal [redacted] stable. Appraiser 1 refuses
to change. This is not new construction and was sold from the builder to a buyer. This transaction is from owner of home to our buyer. Exception is requested without a hit to rate.
 - Due Diligence Vendor-08/29/2023		   Waived-One appraisal states declining market and it is not in a declining market.
Comments Sales price 2.15m. 1st Appraisal $2.235 declining market. 2nd Appraisal $2.15m stable. Appraiser 1 refuses
to change. This is not new construction and was sold from the builder to a buyer. This transaction is from owner of home to our buyer. Exception is requested without a hit to rate.
 - Due Diligence Vendor-08/29/2023

   Compensating Factors
Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit
history, No consumer late payments in last 48 months, Credit score >40 points than minimum required, Reserves>6 months Borrower has greater than 6 months reserves. 823 mid score
page 299		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1132156
XXXXXXX-2023-NQM5-216     C B C B A A A A Closed FCRE1479 2023-08-29 12:52 2023-09-15 09:45 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved-both EMD wires now present. - Due Diligence Vendor-09/15/2023
Ready for Review-Document Uploaded. Please see the attached wire confirmation - Seller-09/14/2023
Open-EMD of $100,000 in file.  Missing gift letter for the second half of EMD of $50k transferred on 8/10 from [redacted] to title.  he is not on loan and half of the 100k came from him (copy of his wire page 66) - Due Diligence Vendor-08/29/2023		 Ready for Review-Document Uploaded. Please see the attached wire confirmation - Seller-09/14/2023

 Resolved-both EMD wires now present. - Due Diligence Vendor-09/15/2023

     1042425_EMD Wire 1-30-23 $50000.pdf

1042425_EMD Wire 8-16-22 $50000.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1133325
XXXXXXX-2023-NQM5-216     C B C B A A A A Closed FCRE8800 2023-08-29 12:49 2023-09-01 06:56 Resolved 1 - Information C A Credit Eligibility Compensating Factors are insufficient to approve Exception Waiver Resolved-lender certifies they completed internal review.  - Due Diligence Vendor-09/01/2023

Ready for Review-It was confirmed by Lock Desk -  the comment about "value review" refers to internal review, not AVM. This condition has been satisfied - Seller-08/31/2023

Open-waiver calls for a value review.  no AVM in file - Due Diligence Vendor-08/29/2023		 Ready for Review-It was confirmed by Lock Desk -  the comment about "value review" refers to internal review, not AVM. This condition has been satisfied - Seller-08/31/2023

 Resolved-lender certifies they completed internal review.  - Due Diligence Vendor-09/01/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1133314
XXXXXXX-2023-NQM5-216     C B C B A A A A Closed FCRE6843 2023-08-29 12:50 2023-08-29 12:50 Waived 2 - Non-Material B B Credit Assets Asset General Waived-12 mts BS. 6 months BS from [redacted] account and 6 mts from [redacted] account. [redacted] act closed due to Fraud
and opened [redacted] act. Same company
Comments approved exception form required for the following: Borrower does not have 12 consecutive bank statements
with the same account. *Waiting for exception to use 2 different accounts** 08/07
 - Due Diligence Vendor-08/29/2023		   Waived-12 mts BS. 6 months BS from [redacted] account and 6 mts from [redacted] account. [redacted] act closed due to Fraud
and opened [redacted] act. Same company
Comments approved exception form required for the following: Borrower does not have 12 consecutive bank statements
with the same account. *Waiting for exception to use 2 different accounts** 08/07
 - Due Diligence Vendor-08/29/2023
   Compensating Factors
5 years on current job, No mortgage late payments in last 24 months, Credit score >40 points than minimum required
page 851		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1133317
XXXXXXX-2023-NQM5-217     C B C B A A A A Closed FCRE1194 2023-08-29 12:48 2023-08-29 12:48 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] New Construction LTV requested [redacted]
Comments Exception required for LTV [redacted] new construction, as per guidelines new construction max LTV [redacted]
 - Due Diligence Vendor-08/29/2023		   Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] New Construction LTV requested [redacted]
Comments Exception required for LTV [redacted] new construction, as per guidelines new construction max LTV [redacted]
 - Due Diligence Vendor-08/29/2023

   Compensating Factors
5 years on current job, No mortgage late payments in last 24 months, Credit score >40 points than minimum required
Credit Decision
Status Approved with
conditions
Conditions: 0.25 to the rate, value review required
page 850		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1133311
XXXXXXX-2023-NQM5-218     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-218     D A A A D A A A Closed FCOM1266 2023-08-25 05:41 2023-08-29 12:32 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-08/29/2023

Resolved-received disclosure - Due Diligence Vendor-08/29/2023

Ready for Review-Document Uploaded. See attached - Seller-08/28/2023

Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-08/25/2023		 Ready for Review-Document Uploaded. See attached - Seller-08/28/2023

 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-08/29/2023

 Resolved-received disclosure - Due Diligence Vendor-08/29/2023

     HOME counseling.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1127669
XXXXXXX-2023-NQM5-218     D A A A D A A A Closed FCOM1231 2023-08-25 05:38 2023-08-29 12:31 Resolved 1 - Information D A Compliance Missing Doc The Initial 1003 is Missing Resolved-The Initial 1003 is Present or Not Applicable (The 1003 Page Occupancy status is 'Investment'). - Due Diligence Vendor-08/29/2023

Resolved-received 1003 - Due Diligence Vendor-08/29/2023

Ready for Review-Document Uploaded. see attached  - Seller-08/28/2023

Open-The Initial 1003 is Missing and the 1003 Page Occupancy Status is 'Primary Residence'. Initial 1003 and all initial docs missing - Due Diligence Vendor-08/25/2023		 Ready for Review-Document Uploaded. see attached  - Seller-08/28/2023

 Resolved-The Initial 1003 is Present or Not Applicable (The 1003 Page Occupancy status is 'Investment'). - Due Diligence Vendor-08/29/2023

 Resolved-received 1003 - Due Diligence Vendor-08/29/2023

     1003.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1127666
XXXXXXX-2023-NQM5-219     D A A A D A A A Closed FCOM1797 2023-08-25 08:52 2023-08-29 12:30 Resolved 1 - Information D A Compliance Missing Doc Missing Service Provider List Resolved-received SSPL - Due Diligence Vendor-08/29/2023

Ready for Review-Document Uploaded. See attached  - Seller-08/28/2023

Open-Provide the missing Service Provider List. - Due Diligence Vendor-08/25/2023		 Ready for Review-Document Uploaded. See attached  - Seller-08/28/2023

 Resolved-received SSPL - Due Diligence Vendor-08/29/2023

     SSPL.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1128082
XXXXXXX-2023-NQM5-220     B B A A A A B B Closed FVAL9739 2023-08-29 10:26 2023-08-29 10:26 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Lender granted exception for Transferred appraisal greater than 60 days upon submission

see page 1284 - Due Diligence Vendor-08/29/2023		   Waived-Lender granted exception for Transferred appraisal greater than 60 days upon submission

see page 1284 - Due Diligence Vendor-08/29/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1132856
XXXXXXX-2023-NQM5-221     C A C A A A A A Closed FCRE1166 2023-08-29 12:44 2023-08-31 12:31 Resolved 1 - Information C A Credit Insurance Hazard Insurance Coverage is less than all Subject Lien(s) Resolved-lender accepted coverage with addtil 50% coverage - Due Diligence Vendor-08/31/2023
Ready for Review-Per policy (p.438 of 442), there is an extended replacement cost increasing the coverage up to 50% of dwelling coverage. Thank you! - Seller-08/31/2023
Open-Hazard Insurance Coverage Amount of $300000 is less than Total Amount of Subject Lien(s) of [redacted] - Due Diligence Vendor-08/29/2023		 Ready for Review-Per policy (p.438 of 442), there is an extended replacement cost increasing the coverage up to 50% of dwelling coverage. Thank you! - Seller-08/31/2023

 Resolved-lender accepted coverage with addtil 50% coverage - Due Diligence Vendor-08/31/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1133295
XXXXXXX-2023-NQM5-222     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-222     C B C B A A A A Closed FCRE9068 2023-08-30 14:39 2023-09-15 10:04 Waived 2 - Non-Material C B Credit Eligibility Borrower does not meet residual income requirement Waived-Borrower does not meet $2000.00 residual income requirement .
 - Due Diligence Vendor-09/15/2023

Ready for Review-Document Uploaded. exception uploaded - Seller-09/14/2023

Counter-nothing uploaded - Due Diligence Vendor-09/14/2023

Ready for Review-Please review uploaded exception form - Seller-09/13/2023

Open-Borrower does not meet $2000 residual income requirement for SuperPrime loan. - Due Diligence Vendor-08/30/2023		 Ready for Review-Document Uploaded. exception uploaded - Seller-09/14/2023

 Ready for Review-Please review uploaded exception form - Seller-09/13/2023

 Waived-Borrower does not meet $2000.00 residual income requirement .
 - Due Diligence Vendor-09/15/2023

   Comments
Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, LTV 10% below maximum		 1051042_exception.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Post-Close Yes 1135594
XXXXXXX-2023-NQM5-223     C B C B A A A A Closed FCRE1174 2023-08-29 15:09 2023-08-29 15:09 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Exception on page 634

Condo Master Policy Excludes Wind Coverage

Approved as is - Due Diligence Vendor-08/29/2023		   Waived-Exception on page 634

Condo Master Policy Excludes Wind Coverage

Approved as is - Due Diligence Vendor-08/29/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments
in last 48 months, LTV 10% below maximum
Cash out will count for Reserves		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1133724
XXXXXXX-2023-NQM5-224     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-225     B B B B A A A A Closed FCRE1200 2023-08-29 14:45 2023-08-29 14:45 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $100000 Exception Type :Material: Loan Amount<100k
Short Description :
loan amount is [redacted] which is below our min. loan amount requirements.
if LTV would be [redacted], new loan will allow to qualify.

Exception page # 394 of 394
 - Due Diligence Vendor-08/29/2023		   Waived-Audited Loan Amount of [redacted]is less than the Guideline Minimum Loan Amount of $100000 Exception Type :Material: Loan Amount<100k
Short Description :
loan amount is [redacted] which is below our min. loan amount requirements.
if LTV would be [redacted], new loan will allow to qualify.

Exception page # 394 of 394
 - Due Diligence Vendor-08/29/2023
   DSCR=> 1.3 , Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1133657
XXXXXXX-2023-NQM5-226     B B B B A A A A Closed FCRE1481 2023-08-30 12:11 2023-08-30 12:11 Waived 2 - Non-Material B B Credit Assets Asset 3 Does Not Meet Guideline Requirements Waived-Exception Type : - Material: Borrower's assets
Short Description :-  gift funds on DSCR
Comments :- Hi Team, need an exception on using gift funds for downpayment (75k)
Exception form available on page no 845 - Due Diligence Vendor-08/30/2023		   Waived-Exception Type : - Material: Borrower's assets
Short Description :-  gift funds on DSCR
Comments :- Hi Team, need an exception on using gift funds for downpayment (75k)
Exception form available on page no 845 - Due Diligence Vendor-08/30/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1135329
XXXXXXX-2023-NQM5-227     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-228     D A D A A A A A Closed 123ABJ 2023-08-29 10:18 2023-09-27 12:45 Resolved 1 - Information D A Credit Missing Doc Missing VVOE dated within 10 days consummation Resolved-CPA now dated and can use for VVOE - Due Diligence Vendor-09/27/2023

Ready for Review-Document Uploaded. correctly dated CPA letter obtained, thank you - Seller-09/27/2023

Open-The cpa letter copy in the file  is undated.page 218. No other sos or business search in file. - Due Diligence Vendor-08/29/2023		 Ready for Review-Document Uploaded. correctly dated CPA letter obtained, thank you - Seller-09/27/2023

 Resolved-CPA now dated and can use for VVOE - Due Diligence Vendor-09/27/2023

     1051423_CPA letter.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1132837
XXXXXXX-2023-NQM5-229     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-230     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-231     C A C A A A A A Closed FCRE6843 2023-08-29 16:09 2023-09-29 09:41 Resolved 1 - Information C A Credit Assets Asset General Resolved-Valid finding resolved.  Lender has chosen to accept the due date listed on contract in the good faith it was delivered on time.  this makes the EMD seasoned and therefore meets verification requirement.  - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded. The escrow letter on page 40 does not state when the $206,135 was deposited into account. We have the exact date that the EMD was due on the purchase contract. Please refer to p. 1236 of the Credit Package uploaded to the portal
 - Seller-09/28/2023

Counter-need proof funds were given over a year ago.  the escrow letter in file on page 40 is dated 7/2023 - Due Diligence Vendor-09/15/2023

Ready for Review-Document Uploaded. Please see the attached UW response - Seller-09/14/2023

Counter-this finding is not for an EMD letter, that is already in file.  The issue is the EMD is not sourced.  we need 60 account statements to show where the EMD funds were withdrawn from.  This is required as EMD has to be sourced and seasoned.  - Due Diligence Vendor-09/06/2023

Ready for Review-Document Uploaded. Please find LOE on p. 40-41 of the Credit Package uploaded to the portal. Please also see the attached document - Seller-09/05/2023

Open-Need 60 days sourced assets for EMD.  EMD of $206135 but no proof of what account it came from or cleared from  - Due Diligence Vendor-08/29/2023		 Ready for Review-Document Uploaded. The escrow letter on page 40 does not state when the $206,135 was deposited into account. We have the exact date that the EMD was due on the purchase contract. Please refer to p. 1236 of the Credit Package uploaded to the portal
 - Seller-09/28/2023

 Ready for Review-Document Uploaded. Please see the attached UW response - Seller-09/14/2023

 Ready for Review-Document Uploaded. Please find LOE on p. 40-41 of the Credit Package uploaded to the portal. Please also see the attached document - Seller-09/05/2023

 Resolved-Valid finding resolved.  Lender has chosen to accept the due date listed on contract in the good faith it was delivered on time.  this makes the EMD seasoned and therefore meets verification requirement.  - Due Diligence Vendor-09/29/2023

     1051058_LOE.pdf

1051058_UW Response.pdf

1051058_EMD Date.jpg		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1133847
XXXXXXX-2023-NQM5-232     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-232     C B C A A A B B Closed FCRE1479 2023-08-30 08:27 2023-09-11 09:36 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved-Statement is from 4/1 to 5/31 so 2 month requirement is met.  - Due Diligence Vendor-09/11/2023
Ready for Review-Document Uploaded. Please, be advised that the bank statement is sourced properly for 2 months (the beginning balance is as of 4/1). Thank you! - Seller-09/08/2023
Open-Asset Record 1 Does Not Meet G/L Requirements Missing 1 month additional asset stmt for [redacted] - Only 05/2023 statement is present in file (page313). Please provide an additional 30 days. - Due Diligence Vendor-08/30/2023		 Ready for Review-Document Uploaded. Please, be advised that the bank statement is sourced properly for 2 months (the beginning balance is as of 4/1). Thank you! - Seller-09/08/2023

 Resolved-Statement is from 4/1 to 5/31 so 2 month requirement is met.  - Due Diligence Vendor-09/11/2023

     image.png QM: Rebuttable Presumption (APOR) QM: Rebuttable Presumption (APOR) [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1134748
XXXXXXX-2023-NQM5-233     C B C A A A B B Closed FPRO116 2023-08-30 08:36 2023-08-31 15:19 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-New construction in declining market- Per GL max LTV  is 60%. Exception page 251 to permit [redacted] based on purchase price. - Due Diligence Vendor-08/30/2023   Waived-New construction in declining market- Per GL max LTV  is 60%. Exception page 251 to permit [redacted] based on purchase price. - Due Diligence Vendor-08/30/2023

   DTI > 10% below program maximum,No  credit eventpast 48 months, 5+ yrs credit history, 2+ bwrs on loan.   QM: Rebuttable Presumption (APOR) QM: Rebuttable Presumption (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1134765
XXXXXXX-2023-NQM5-234     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000      
XXXXXXX-2023-NQM5-235     D A D A A A A A Closed FCRE3653 2023-08-30 14:14 2023-09-26 08:43 Resolved 1 - Information D A Credit Missing Doc Missing letter of explanation Resolved-lender addressed REOs - Due Diligence Vendor-09/26/2023
Ready for Review-Please, find the following UW comments: 'Please be advised that 11805 is borrower primary as per REO and page 3 of 1003. [redacted] was added to 1003 REO. Also please be advised that per the guidelines if the borrower did not disclose the mortgage on the property we consider it as free and clear.' Thank you! - Seller-09/25/2023
Open- Final 1003 current own property is reflecting as 11805 since 3 years and on the same property there is a mortgage. But in the REO mentioned this address as other.  Then on page#144 there is a LOX stating [redacted] is owned by the borrower and this property is not declared on 1003 anywhere. Also referred fraud guard pg#105 there is an open mortgage too.
Note: Please advise here. - Due Diligence Vendor-08/30/2023		 Ready for Review-Please, find the following UW comments: 'Please be advised that 11805 is borrower primary as per REO and page 3 of 1003. [redacted] was added to 1003 REO. Also please be advised that per the guidelines if the borrower did not disclose the mortgage on the property we consider it as free and clear.' Thank you! - Seller-09/25/2023
 Resolved-lender addressed REOs - Due Diligence Vendor-09/26/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1135552
XXXXXXX-2023-NQM5-236     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-237     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-237     D A D A D A A A Closed FCRE5770 2023-08-30 11:58 2023-09-01 06:43 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Credit Report is Missing Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-09/01/2023

Resolved-received report - Due Diligence Vendor-09/01/2023

Ready for Review-Document Uploaded. Please see Credit report in attachment - Seller-09/01/2023

Open-Borrower 1 Credit Report is Missing. No credit report found in file - Due Diligence Vendor-08/30/2023		 Ready for Review-Document Uploaded. Please see Credit report in attachment - Seller-09/01/2023

 Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-09/01/2023

 Resolved-received report - Due Diligence Vendor-09/01/2023

     Credit report.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1135297
XXXXXXX-2023-NQM5-238     D A D A D A A A Closed FCOM4227 2023-08-30 13:36 2023-09-01 06:41 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-received 07/21/2023 was sent electronically - Due Diligence Vendor-09/01/2023

Ready for Review-Document Uploaded. Please see evidence that Revised Closing Disclosure issued on 07/21/2023 was sent electronically in attachment - Seller-09/01/2023

Open-Provide evidence that Revised Closing Disclosure  issues on 07/21/2023  was sent electronically - Due Diligence Vendor-08/30/2023		 Ready for Review-Document Uploaded. Please see evidence that Revised Closing Disclosure issued on 07/21/2023 was sent electronically in attachment - Seller-09/01/2023

 Resolved-received 07/21/2023 was sent electronically - Due Diligence Vendor-09/01/2023

     Evidence that Revised Closing Disclosure was sent electronically.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1135490
XXXXXXX-2023-NQM5-239     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-240     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-241     B B B B A A A A Closed FCRE5275 2023-08-31 16:23 2023-08-31 16:23 Waived 2 - Non-Material B B Credit Eligibility Asset do not meet guidelines Waived-Exception Type: Material: Borrower's assets
Description :- gifts are being used for cash to close and reserves
Comments :Borrower is putting 25% down - 20.6% gift from his sister and 4.4% his own money. Please approve!! All the gift letters & LOX are attached to the exception form.
Exception form : pg#572
 - Due Diligence Vendor-08/31/2023		   Waived-Exception Type: Material: Borrower's assets
Description :- gifts are being used for cash to close and reserves
Comments :Borrower is putting 25% down - 20.6% gift from his sister and 4.4% his own money. Please approve!! All the gift letters & LOX are attached to the exception form.
Exception form : pg#572
 - Due Diligence Vendor-08/31/2023

   Revolving debt is under 30%, Residual income >=$3000, No credit events past 48 months, 5+ years credit history, No consumer late
payments in last 48 months, Credit score >40 points than minimum required
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1137363
XXXXXXX-2023-NQM5-242     B B B B A A A A Closed FCRE1194 2023-08-31 08:56 2023-08-31 11:00 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Exception Type :Material: LTV
Short Description :[redacted] LTV instead of [redacted] as per matrix
Comments :Hello Team! Our rental income came lower than expected and our DSCR dropped to 0.512, making our max. LTV [redacted] as per matrix. Please consider approving [redacted] LTV. Good property, excellent credit profile. Thank you!

Exception page 276 - Due Diligence Vendor-08/31/2023		   Waived-Exception Type :Material: LTV
Short Description :[redacted] LTV instead of [redacted] as per matrix
Comments :Hello Team! Our rental income came lower than expected and our DSCR dropped to 0.512, making our max. LTV [redacted] as per matrix. Please consider approving [redacted] LTV. Good property, excellent credit profile. Thank you!

Exception page 276 - Due Diligence Vendor-08/31/2023

   Borrower contribution exceeds requirement >=5%, Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1136499
XXXXXXX-2023-NQM5-243     B B A A A A B B Closed FVAL9739 2023-08-30 16:06 2023-08-30 16:06 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception on page 343

Looking for exception on Special Assesments

This loan was declined with another lender due to special assessments. Attached is the email from the HOA but the lender had a problem with the work not yet completed on the pool and garage renovation. these items are almost completed and the seller is paying for these assessments at closing per the contract attached. Excellent credit borrower and putting 25% own funds

Approved with conditions of value review required. Ok to proceed as long as there are no safety concorns & value is cleared by CUW
 - Due Diligence Vendor-08/30/2023		   Waived-Exception on page 343

Looking for exception on Special Assesments

This loan was declined with another lender due to special assessments. Attached is the email from the HOA but the lender had a problem with the work not yet completed on the pool and garage renovation. these items are almost completed and the seller is paying for these assessments at closing per the contract attached. Excellent credit borrower and putting 25% own funds

Approved with conditions of value review required. Ok to proceed as long as there are no safety concorns & value is cleared by CUW
 - Due Diligence Vendor-08/30/2023

   Residual income >=$3000, No credit events past 48 months, Borrower contribution exceeds requirement >=5%
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1135749
XXXXXXX-2023-NQM5-244     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-244     D B D B A A B B Closed FCRE3653 2023-08-31 15:12 2023-09-05 12:53 Resolved 1 - Information D A Credit Missing Doc Missing letter of explanation Resolved-primary address verified - Due Diligence Vendor-09/05/2023
Ready for Review-Document Uploaded. Please see clarification comments - Seller-09/05/2023
Open- Final 1003 the Current address is **[redacted]  and it is owned by the borrower the proof is available on Page# 171 however in the  REO section it is reflecting as an Investment property - refer page# 352. Then on the Page # 351, REO section : property address **[redacted] is showing as primary residence.
Note: Please confirm which one to be considered as Primary home.  - Due Diligence Vendor-08/31/2023		 Ready for Review-Document Uploaded. Please see clarification comments - Seller-09/05/2023

 Resolved-primary address verified - Due Diligence Vendor-09/05/2023

     Re_ Tuley - 1051795 clarification needed on primary residence.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1137290
XXXXXXX-2023-NQM5-244     D B D B A A B B Closed FCRE1197 2023-08-31 14:39 2023-08-31 15:33 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of [redacted] is less than Guideline FICO of 680 Exception Type:-Material: Credit score
Short Description:- Dear team! The borrower (experienced investor) has FICO [redacted] and eligible FICO for this scenario is 680.Please approve this exception. Thank you!
Exception Page# 867 - Due Diligence Vendor-08/31/2023		   Waived-Audited FICO of [redacted] is less than Guideline FICO of 680 Exception Type:-Material: Credit score
Short Description:- Dear team! The borrower (experienced investor) has FICO [redacted] and eligible FICO for this scenario is 680.Please approve this exception. Thank you!
Exception Page# 867 - Due Diligence Vendor-08/31/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months,5+ years credit history, Reserves>6 months (ineligible for Foreign Nationals), Other: specify below Borrower has lot of liquid assets (over $1 million) and owns 7 investment properties   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1137236
XXXXXXX-2023-NQM5-245     D B D B A A B B Closed FVAL9739 2023-08-31 15:31 2023-08-31 15:32 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type:-Material: Property characteristics
Short Description:-HOA has an agreement w/Golf Club. Each unit owner is required to be a member of the Club. Club dues in 2021 were $150/month. Please give us a green light
Exception Page# 866
 - Due Diligence Vendor-08/31/2023		   Waived-Exception Type:-Material: Property characteristics
Short Description:-HOA has an agreement w/Golf Club. Each unit owner is required to be a member of the Club. Club dues in 2021 were $150/month. Please give us a green light
Exception Page# 866
 - Due Diligence Vendor-08/31/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months,
5+ years credit history, Reserves>6 months (ineligible for Foreign Nationals), Other: specify below Borrower has a lot of liquid assets (over $1 million) and owns a lot of investment properties		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1137321
XXXXXXX-2023-NQM5-246     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-247     B B A A A A B B Closed FVAL9739 2023-08-31 12:35 2023-08-31 12:35 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception on page 894

To accept transferred appraisal. Appraisal is just over 60 days old at the time of submission (file submitted on
8/8/23 and appraisal is from [redacted]).

Approved with conditions ok to proceed as long as it is not in broker's name, value review required, must close within 120 days. - Due Diligence Vendor-08/31/2023		   Waived-Exception on page 894

To accept transferred appraisal. Appraisal is just over 60 days old at the time of submission (file submitted on
8/8/23 and appraisal is from [redacted].

Approved with conditions ok to proceed as long as it is not in broker's name, value review required, must close within 120 days. - Due Diligence Vendor-08/31/2023
   Revolving debt is under 30%, 5 years on current job, Residual income >=$3000, No credit events past 48 months, 5+ years credit
history, Credit score >40 points than minimum required
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1136988
XXXXXXX-2023-NQM5-248     B B A A A A B B Closed FVAL9739 2023-09-01 09:04 2023-09-01 09:04 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type :- Non-Material: Appraisal
Short Description :- Revised full report with 2 additional comparable outside of subject project development.
Comments :- Need Exception to use the covariables provided on the appraisal only, Revised full report with 2 additional comparable outside of subject project development was NOT provided - if will not be able to provide please apply for exception.
Exception form available on page no 330 - Due Diligence Vendor-09/01/2023		   Waived-Exception Type :- Non-Material: Appraisal
Short Description :- Revised full report with 2 additional comparable outside of subject project development.
Comments :- Need Exception to use the covariables provided on the appraisal only, Revised full report with 2 additional comparable outside of subject project development was NOT provided - if will not be able to provide please apply for exception.
Exception form available on page no 330 - Due Diligence Vendor-09/01/2023

   Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1138254
XXXXXXX-2023-NQM5-249     C A C A A A A A Closed FCRE9806 2023-09-01 07:13 2023-10-06 13:58 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-Lender is certifying that they verified borrower has set up a tax installment automatic payment plan.  No documentation from IRS or from bank provided other than a draft from bank account - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Since borrower has auto setup there will not be any IRS payment due reminder. Also, from bank statement we can cross verify the same that borrower is making payment on every month's 15th (15th July was Saturday therefore, payment made on 17th). - Seller-10/06/2023

Counter-missing most recent reminder from IRS showing last payment amount and date of next payment amount.  Bank statement already present in file but does not support not late on plan from IRS - Due Diligence Vendor-09/27/2023

Ready for Review-Document Uploaded.  - Seller-09/27/2023

Open-missing payment history to show IRS lien repayment plan is current.  page 469 says 1st payment was due 1/2022 - Due Diligence Vendor-09/01/2023		 Ready for Review-Document Uploaded. Since borrower has auto setup there will not be any IRS payment due reminder. Also, from bank statement we can cross verify the same that borrower is making payment on every month's 15th (15th July was Saturday therefore, payment made on 17th). - Seller-10/06/2023

 Ready for Review-Document Uploaded.  - Seller-09/27/2023

 Resolved-Lender is certifying that they verified borrower has set up a tax installment automatic payment plan.  No documentation from IRS or from bank provided other than a draft from bank account - Due Diligence Vendor-10/06/2023

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IRS Payment.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1137981
XXXXXXX-2023-NQM5-249     D B D B D A A A Closed FCRE6737 2023-08-31 06:37 2023-09-26 15:13 Resolved 1 - Information D A Credit Missing Doc Missing Letter of Explanation (Income) Resolved-Accept letter of explanation from borrower to clear finding. - Due Diligence Vendor-09/26/2023
Ready for Review-Document Uploaded. Please see Letter of explanation in attachment - Seller-09/26/2023
Counter-this does not address business continuation when relocated to FL - Due Diligence Vendor-09/05/2023
Ready for Review-Document Uploaded. Please see document for verification EMD and assets in attachment - Seller-09/05/2023
Open-Missing LOE regarding business impact with borrower move to [redacted] when business is a brick and mortar in [redacted]. - Due Diligence Vendor-08/31/2023		 Ready for Review-Document Uploaded. Please see Letter of explanation in attachment - Seller-09/26/2023

 Ready for Review-Document Uploaded. Please see document for verification EMD and assets in attachment - Seller-09/05/2023

 Resolved-Accept letter of explanation from borrower to clear finding. - Due Diligence Vendor-09/26/2023

     Document for EMD and assets.pdf

September 19, 2023.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1136211
XXXXXXX-2023-NQM5-249     D B D B D A A A Closed 50001252-Fees-Limited 2023-09-08 08:14 2023-09-19 11:17 Resolved 1 - Information C A Compliance Mavent Fees: Limited Resolved-COC and rate lock on page 418 cleared this  - Due Diligence Vendor-09/19/2023

Resolved-Resolved - Due Diligence Vendor-09/19/2023

Ready for Review-Document Uploaded. COC re-uploaded - Seller-09/19/2023

Counter-COC document failed to load.  please upload - Due Diligence Vendor-09/15/2023

Ready for Review-Document Uploaded. Please see COC in attachment - Seller-09/15/2023

Open- Please provide COC for Loan Discount Fee,  in the Initial CD dated 07/14/2023 Loan Discount Fee#10,500,( pg.# 106 of 112) but have increase on Revised CD - dated : 07/31/2023 Loan Discount Fee for $11,812.50  (Pg.# 99 of 112) - Due Diligence Vendor-09/08/2023

Open- Please provide COC for Loan Discount Fee,  in the Initial CD dated 07/14/2023 Loan Discount Fee#10,500,( pg.# 106 of 112) but have increase on Revised CD - dated : 07/31/2023 Loan Discount Fee for $11,812.50  (Pg.# 99 of 112) - Due Diligence Vendor-09/08/2023

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). - Due Diligence Vendor-09/08/2023		 Ready for Review-Document Uploaded. COC re-uploaded - Seller-09/19/2023

 Ready for Review-Document Uploaded. Please see COC in attachment - Seller-09/15/2023

 Resolved-COC and rate lock on page 418 cleared this  - Due Diligence Vendor-09/19/2023

 Resolved-Resolved - Due Diligence Vendor-09/19/2023

     Closing-CD_COC (8).pdf

CD COC.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1146371
XXXXXXX-2023-NQM5-249     D B D B D A A A Closed 50001251-Fees-Limited 2023-09-08 08:14 2023-09-19 11:17 Resolved 1 - Information C A Compliance Mavent Fees: Limited Resolved-COC and rate lock on page 418 cleared this  - Due Diligence Vendor-09/19/2023

Resolved-Resolved - Due Diligence Vendor-09/19/2023

Ready for Review-Document Uploaded. COC re-uploaded - Seller-09/19/2023

Counter-COC document failed to load.  please upload - Due Diligence Vendor-09/15/2023

Ready for Review-Document Uploaded. Please see COC in attachment - Seller-09/15/2023

Open- Please provide COC for Loan Discount Fee,  in the Initial CD dated 07/14/2023 Loan Discount Fee#10,500,( pg.# 106 of 112) but have increase on Revised CD - dated : 07/31/2023 Loan Discount Fee for $11,812.50  (Pg.# 99 of 112) - Due Diligence Vendor-09/08/2023

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). - Due Diligence Vendor-09/08/2023		 Ready for Review-Document Uploaded. COC re-uploaded - Seller-09/19/2023

 Ready for Review-Document Uploaded. Please see COC in attachment - Seller-09/15/2023

 Resolved-COC and rate lock on page 418 cleared this  - Due Diligence Vendor-09/19/2023

 Resolved-Resolved - Due Diligence Vendor-09/19/2023

     Closing-CD_COC (8).pdf

CD COC.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1146372
XXXXXXX-2023-NQM5-249     D B D B D A A A Closed FCOM1544 2023-09-08 08:34 2023-09-15 10:52 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-proof electronically delivered received - Due Diligence Vendor-09/15/2023

Ready for Review-Document Uploaded. Please see evidence that Revised Closing Disclosure issues on 08/21/2023 was sent electronically in attachment - Seller-09/15/2023

Open-Provide evidence that Revised Closing Disclosure issues on 08/21/2023 was sent electronically - Due Diligence Vendor-09/08/2023		 Ready for Review-Document Uploaded. Please see evidence that Revised Closing Disclosure issues on 08/21/2023 was sent electronically in attachment - Seller-09/15/2023

 Resolved-proof electronically delivered received - Due Diligence Vendor-09/15/2023

     Evidence.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1146434
XXXXXXX-2023-NQM5-249     D B D B D A A A Closed FCRE1491 2023-08-31 07:05 2023-09-15 10:35 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-09/15/2023

Ready for Review-Document Uploaded. Please see Bank statement for the [redacted] Account [redacted] with balance for 7/12/2023 in attachment - Seller-09/15/2023

Counter-this is still short assets.  Need a total of $178771  and are short $33857. - Due Diligence Vendor-09/07/2023

Ready for Review-Document Uploaded. Please see document for verification EMD and assets in attachment - Seller-09/07/2023

Open-Asset Qualification Does Not Meet Guideline Requirements Only 1 months asset statement dated 04/17/2023 -page 48 is in the file.(over 120 days from note date with a balance of $22,237.15 )  Please provide current asset statements from [redacted] Account [redacted] that support the $167,995.24 cash to close + 3 months PITI reserves of $10,777.35. Further, please provide evidence of the $10K EMD.  $188,772.59 in Total. - Due Diligence Vendor-08/31/2023		 Ready for Review-Document Uploaded. Please see Bank statement for the [redacted] Account [redacted] with balance for 7/12/2023 in attachment - Seller-09/15/2023

 Ready for Review-Document Uploaded. Please see document for verification EMD and assets in attachment - Seller-09/07/2023

 Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-09/15/2023

     Document for EMD and assets.pdf

WF Account #8051.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1136270
XXXXXXX-2023-NQM5-249     D B D B D A A A Closed FCOM4227 2023-08-31 09:12 2023-09-12 11:18 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-initial CD now present. - Due Diligence Vendor-09/12/2023
Ready for Review-Document Uploaded. Please see Closing disclosure in attachment - Seller-09/07/2023
Counter-still missing  the Initial CD is not found.  Please upload - Due Diligence Vendor-09/05/2023
Ready for Review-Please see pages 21-97 of "[redacted]_Closing docs part 2" - Seller-09/05/2023
Open-Initial Closing Disclosure is missing in file, hence not run compliance - Due Diligence Vendor-08/31/2023		 Ready for Review-Document Uploaded. Please see Closing disclosure in attachment - Seller-09/07/2023

 Ready for Review-Please see pages 21-97 of "[redacted]_Closing docs part 2" - Seller-09/05/2023

 Resolved-initial CD now present. - Due Diligence Vendor-09/12/2023

     Closing disclosure.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1136551
XXXXXXX-2023-NQM5-249     D B D B D A A A Closed FCRE5116 2023-08-31 06:49 2023-09-05 13:02 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-VOM Clear - Due Diligence Vendor-09/05/2023
Ready for Review-Document Uploaded. Please see VOM in attachment - Seller-09/05/2023
Open-Credit report is dated in  05/2023 - Mortgages for [redacted] REO's are rated through 04/2023 - Loan closed  08/25/2023. Need verification of  04/2023 - 08/2023 payments made on time for those REO's. Additionally, verification that the PITI payments used for these REO's are impounded. - Due Diligence Vendor-08/31/2023		 Ready for Review-Document Uploaded. Please see VOM in attachment - Seller-09/05/2023

 Resolved-VOM Clear - Due Diligence Vendor-09/05/2023

     VOM.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1136244
XXXXXXX-2023-NQM5-249     D B D B D A A A Closed FCRE1205 2023-08-31 07:13 2023-09-05 12:57 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-09/05/2023

Ready for Review-Document Uploaded. Please see ITIN card in attachment - Seller-09/05/2023

Open-OFAC Check Not Completed and/or Cleared Missing ITIN card/letter  - Due Diligence Vendor-08/31/2023		 Ready for Review-Document Uploaded. Please see ITIN card in attachment - Seller-09/05/2023

 Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-09/05/2023

     ITIN card.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1136287
XXXXXXX-2023-NQM5-249     D B D B D A A A Closed FCRE1201 2023-08-31 07:13 2023-09-05 12:57 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-09/05/2023

Ready for Review-Document Uploaded. Please see Fraud report in attachment - Seller-09/05/2023

Open-Missing Third Party Fraud Report - Due Diligence Vendor-08/31/2023		 Ready for Review-Document Uploaded. Please see Fraud report in attachment - Seller-09/05/2023

 Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-09/05/2023

     Fraud report.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1136288
XXXXXXX-2023-NQM5-249     D B D B D A A A Closed FCRE9806 2023-08-31 06:51 2023-08-31 07:19 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-Bwr is non perm resident - No ITIN letter in file - Lender exception to accept the ITIN report. - Due Diligence Vendor-08/31/2023   Waived-Bwr is non perm resident - No ITIN letter in file - Lender exception to accept the ITIN report. - Due Diligence Vendor-08/31/2023

   5  years current job, DTI > 10% below program maximum, Credit score > 40 points above program minimum   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1136248
XXXXXXX-2023-NQM5-250     D B D B D A A A Closed FCRE1440 2023-08-31 06:45 2023-08-31 06:45 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Housing History Does Not Meet Guideline Requirements [redacted] REO is Private with VOM but borrower pays in cash, no canceled checks to support VOM are available. Exception to accept VOM only -page  495 - Due Diligence Vendor-08/31/2023   Waived-Housing History Does Not Meet Guideline Requirements [redacted] REO is Private with VOM but borrower pays in cash, no canceled checks to support VOM are available. Exception to accept VOM only -page  495 - Due Diligence Vendor-08/31/2023

   5  years current job, DTI > 10% below program maximum, Credit score > 40 points above program minimum (ITIN Report)   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1136227
XXXXXXX-2023-NQM5-251     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-251     D A D A A A A A Closed FCRE1229 2023-08-31 16:03 2023-09-20 10:28 Resolved 1 - Information C A Credit Eligibility FACTA/Fraud Alerts on Credit Not Addressed Resolved-lender UW has addressed alert.  Hello [redacted],

We do not need further action on this since alert could be triggered due to borrower's primary address being condominium. We are good to go here.

Thanks & Regards,
[redacted]
Underwriter
 - Due Diligence Vendor-09/20/2023
Open-Borrower address on credit report says its a Nursing home.   - Due Diligence Vendor-08/31/2023		   Resolved-lender UW has addressed alert.  Hello [redacted],

We do not need further action on this since alert could be triggered due to borrower's primary address being condominium. We are good to go here.

Thanks & Regards,
[redacted]
Underwriter
 - Due Diligence Vendor-09/20/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1137340
XXXXXXX-2023-NQM5-251     D A D A A A A A Closed FCRE9991 2023-08-31 15:55 2023-09-07 09:20 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-cleared.  lender used specific fees from contract more conservative  - Due Diligence Vendor-09/07/2023

Open-DTI should be 38.95.  Tape has 42.90 (has HOA fees at $1289.67 but the appraisal  only has HOA fees at $770) - Due Diligence Vendor-08/31/2023		   Resolved-cleared.  lender used specific fees from contract more conservative  - Due Diligence Vendor-09/07/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1137335
XXXXXXX-2023-NQM5-252     D A D A A A A A Closed FCRE6019 2023-08-31 14:57 2023-09-06 06:42 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-I94 provided. [redacted] resident - Due Diligence Vendor-09/06/2023

Ready for Review-Document Uploaded. Please see I-94 in attachment - Seller-09/05/2023

Open-Borrower 1 Citizenship Documentation Is Missing missing EAD card - Due Diligence Vendor-08/31/2023		 Ready for Review-Document Uploaded. Please see I-94 in attachment - Seller-09/05/2023

 Resolved-I94 provided. [redacted] resident - Due Diligence Vendor-09/06/2023

     Borrower I-94.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1137271
XXXXXXX-2023-NQM5-253     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-253     D A A A D A A A Closed FCOM4227 2023-09-01 14:44 2023-09-13 07:54 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-received proof delivered electronically  - Due Diligence Vendor-09/13/2023

Ready for Review-Document Uploaded. Please review uploaded proof of delivery. - Seller-09/12/2023

Open-Provide evidence that Revised Closing Disclosure  issues on 08/15/2023 was sent electronically - Due Diligence Vendor-09/01/2023		 Ready for Review-Document Uploaded. Please review uploaded proof of delivery. - Seller-09/12/2023

 Resolved-received proof delivered electronically  - Due Diligence Vendor-09/13/2023

     1051333_proof that Cd 08-15 was sent electronically.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1138866
XXXXXXX-2023-NQM5-254     D A A A D A A A Closed FCOM1515 2023-09-01 11:58 2023-09-13 07:53 Resolved 1 - Information C A Compliance State Reg Texas Home Equity loan and date of Notice Concerning Extension of Credit Disclosure is not Application date. Resolved-[redacted] loan and date of Notice Concerning Extension of Credit Disclosure is the same as the Application date or not applicable. - Due Diligence Vendor-09/13/2023
Ready for Review-Application date was 08/01/23 Notice Concerning Extension of Credit Disclosure is dated 08/01/2023 as well. - Seller-09/12/2023
Open-[redacted] loan but date of Notice Concerning Extension of Credit Disclosure is not the same as the Application date. - Due Diligence Vendor-09/01/2023		 Ready for Review-Application date was 08/01/23 Notice Concerning Extension of Credit Disclosure is dated 08/01/2023 as well. - Seller-09/12/2023

 Resolved-[redacted] loan and date of Notice Concerning Extension of Credit Disclosure is the same as the Application date or not applicable. - Due Diligence Vendor-09/13/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1138581
XXXXXXX-2023-NQM5-255     D A D A A A A A Closed FCRE3653 2023-09-01 09:35 2023-09-13 07:57 Resolved 1 - Information D A Credit Missing Doc Missing letter of explanation Resolved-lender confirmed address is primary home  - Due Diligence Vendor-09/13/2023
Ready for Review-Document Uploaded. per final 1003 [redacted] is a primary .Please review uploaded print out. - Seller-09/12/2023
Open-In Final 1003  [redacted] is reading as Current address and it is owned pls refer Page# 285 however in Reo Section final 1003 it is showing as other pls refer page# 287.Please Confirm if this is a Primary Home. - Due Diligence Vendor-09/01/2023		 Ready for Review-Document Uploaded. per final 1003 [redacted] is a primary .Please review uploaded print out. - Seller-09/12/2023

 Resolved-lender confirmed address is primary home  - Due Diligence Vendor-09/13/2023

     1049488_REo.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1138336
XXXXXXX-2023-NQM5-255     B B A A A A B B Closed FVAL9739 2023-09-02 11:26 2023-09-02 11:26 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Page 1250 - Exception for transferred appraisal over 60 days old. - Due Diligence Vendor-09/02/2023   Waived-Page 1250 - Exception for transferred appraisal over 60 days old. - Due Diligence Vendor-09/02/2023

   No credit events past 48 months, 5+ yrs credit history, 2+ borrowers on loan   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1139053
XXXXXXX-2023-NQM5-256     B B A A A A B B Closed FPRO1245 2023-09-02 11:25 2023-09-02 11:25 Waived 2 - Non-Material B B Property Appraisal Appraisal is Expired Waived-Page 1251 - exception to permit expired appraisal with recert - recert in file. - Due Diligence Vendor-09/02/2023   Waived-Page 1251 - exception to permit expired appraisal with recert - recert in file. - Due Diligence Vendor-09/02/2023

   No credit events past 48 months, 5+ yrs credit history, 2+ borrowers on loan   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1139052
XXXXXXX-2023-NQM5-257     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-258     B B B B A A A A Closed FCRE1252 2023-09-01 15:50 2023-09-01 15:50 Waived 2 - Non-Material B B Credit Missing Doc Title Document is Incomplete Waived-Exception Type:-Non-Material: Title
Short Description:-purchase Contract Assignment.
Exception for purchase contract assignment fee of $10000 being paid out at closing to the contract assignor
Exception Page #681
 - Due Diligence Vendor-09/01/2023		   Waived-Exception Type:-Non-Material: Title
Short Description:-Purchase Contract Assignment.
Exception for purchase contract assignment fee of $10000 being paid out at closing to the contract assignor
Exception Page #681
 - Due Diligence Vendor-09/01/2023

   DSCR=> 1.3 , No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months, Credit score >40 points than minimum required, Reserves>6 months (ineligible for Foreign Nationals) DSCR 2.030. 6 months reserves. Purchase price 160k. value 190k. 801 mid score.
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1138983
XXXXXXX-2023-NQM5-258     C B C B A A A A Closed FCRE3091 2023-09-04 14:12 2023-09-15 10:58 Resolved 1 - Information C A Credit Insurance Master Policy Expiration Date is Prior To the Transaction Date Resolved-Master Policy Expiration Date of 06-10-2024 is Equal to or After the Transaction Date of 08-25-2023 Or Master Policy Expiration Date Is Not Provided - Due Diligence Vendor-09/15/2023

Resolved-policy received with correct dates - Due Diligence Vendor-09/15/2023

Ready for Review-Document Uploaded. Updated Master Policy provided - Seller-09/14/2023

Open-Master Policy Expiration Date of 08-10-2023 is Prior To the Transaction Date of 08-25-2023 - Due Diligence Vendor-09/04/2023		 Ready for Review-Document Uploaded. Updated Master Policy provided - Seller-09/14/2023

 Resolved-Master Policy Expiration Date of 06-10-2024 is Equal to or After the Transaction Date of 08-25-2023 Or Master Policy Expiration Date Is Not Provided - Due Diligence Vendor-09/15/2023

 Resolved-policy received with correct dates - Due Diligence Vendor-09/15/2023

     1047780_Master Policy.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1139365
XXXXXXX-2023-NQM5-259     C B C B A A A A Closed FCRE6843 2023-09-04 14:40 2023-09-04 14:40 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Lender granted exception for NSF's

see page 1221 - Due Diligence Vendor-09/04/2023		   Waived-Lender granted exception for NSF's

see page 1221 - Due Diligence Vendor-09/04/2023

   5 years on current job, 10 years or more in same line of employment, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA Originator Pre-Close Yes 1139370
XXXXXXX-2023-NQM5-260     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-261     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-262     B A B A A A A A Closed FCRE1182 2023-09-04 08:15 2023-09-07 09:11 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-approval present - Due Diligence Vendor-09/07/2023

Ready for Review-Document Uploaded. see attached  - Seller-09/06/2023

Open-Missing Approval/Underwriting Summary No final approval or 1008 in present file. - Due Diligence Vendor-09/04/2023		 Ready for Review-Document Uploaded. see attached  - Seller-09/06/2023

 Resolved-approval present - Due Diligence Vendor-09/07/2023

     app0roval.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1139283
XXXXXXX-2023-NQM5-262     D B C B D A A A Closed FCOM4227 2023-09-01 10:55 2023-09-11 10:24 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-Proof CD was sent electronically on 08/23 received. Finding resolved.  - Due Diligence Vendor-09/11/2023

Ready for Review-Document Uploaded. see attachd  - Seller-09/07/2023

Open-Provide evidence that Revised Closing Disclosure issues on 08/23/2023 was sent electronically - Due Diligence Vendor-09/01/2023		 Ready for Review-Document Uploaded. see attachd  - Seller-09/07/2023

 Resolved-Proof CD was sent electronically on 08/23 received. Finding resolved.  - Due Diligence Vendor-09/11/2023

     esign.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1138487
XXXXXXX-2023-NQM5-262     D B C B D A A A Closed FCRE9806 2023-09-01 09:49 2023-09-11 10:13 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-Exception correction accepted. Finding resolved.  - Due Diligence Vendor-09/11/2023

Ready for Review-Document Uploaded. Please see attached  - Seller-09/11/2023

Open-There is an exception for income program to allow [redacted] - However, the property is new construction FL PUD - Per Matrix, maximum LTV is [redacted]. Please provide an additional exception for property type. - Due Diligence Vendor-09/01/2023		 Ready for Review-Document Uploaded. Please see attached  - Seller-09/11/2023

 Resolved-Exception correction accepted. Finding resolved.  - Due Diligence Vendor-09/11/2023

     Exception.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1138371
XXXXXXX-2023-NQM5-262     D B C B D A A A Closed FCRE1437 2023-09-01 09:08 2023-09-08 15:14 Resolved 1 - Information C A Credit Income/Employment Income and Employment Do Not Meet Guidelines Resolved-CPA letter supports that borrower has been in the same line of work since 2018, employment history requirement met. Finding resolved.  - Due Diligence Vendor-09/08/2023

Ready for Review-Document Uploaded. see attached  - Seller-09/07/2023

Open-Income and Employment Do Not Meet Guidelines Current business is less than 2 years old - UW discretion - CPA letter, page 110,  states Bwr in same line of work since 2018 before changing structure in 04/2022. No other docs in file for prior employment. - Due Diligence Vendor-09/01/2023		 Ready for Review-Document Uploaded. see attached  - Seller-09/07/2023

 Resolved-CPA letter supports that borrower has been in the same line of work since 2018, employment history requirement met. Finding resolved.  - Due Diligence Vendor-09/08/2023

     rebuttal.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1138264
XXXXXXX-2023-NQM5-263     D B C B D A A A Closed FCRE1194 2023-09-01 09:41 2023-09-01 09:48 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Max LTV for  1yr P&L program is [redacted]. Lender exception page 892 to permit [redacted] LTV for income type.
. - Due Diligence Vendor-09/01/2023		   Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Max LTV for  1yr P&L program is [redacted]. Lender exception page 892 to permit [redacted] LTV for income type.
. - Due Diligence Vendor-09/01/2023

   Revolving debt under 30%, No credit events past 48 months, No mortgage lates last 24 months, No consumer late payments last 48 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1138352
XXXXXXX-2023-NQM5-264     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-264     D B D B A A C A Closed FCRE3653 2023-09-05 06:50 2023-09-07 09:28 Resolved 1 - Information D A Credit Missing Doc Missing letter of explanation Resolved-lender has addressed occupancy - Due Diligence Vendor-09/07/2023
Ready for Review-This is a 2–4-unit property where the borrower occupies one unit and rents out the other - Seller-09/06/2023
Open-borrower lives at [redacted] per 1003 as primary but page 608 show this is a leased property.   - Due Diligence Vendor-09/05/2023		 Ready for Review-This is a 2–4-unit property where the borrower occupies one unit and rents out the other - Seller-09/06/2023

 Resolved-lender has addressed occupancy - Due Diligence Vendor-09/07/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1139917
XXXXXXX-2023-NQM5-264     D B D B A A C A Closed FVAL9739 2023-09-05 06:46 2023-09-07 09:28 Resolved 1 - Information C A Property Appraisal Property/Appraisal General Resolved-lender addressed not needed - Due Diligence Vendor-09/07/2023

Ready for Review-At the time of this underwrite, I do believe transfer letters were not a requirement. This file was underwritten to March guidelines - Seller-09/06/2023

Open-missing assignment of appraisal to [redacted] - Due Diligence Vendor-09/05/2023		 Ready for Review-At the time of this underwrite, I do believe transfer letters were not a requirement. This file was underwritten to March guidelines - Seller-09/06/2023

 Resolved-lender addressed not needed - Due Diligence Vendor-09/07/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1139898
XXXXXXX-2023-NQM5-264     D B D B A A C A Closed FCRE8611 2023-09-05 06:47 2023-09-05 06:47 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Variable income less than 12 months
Comments Hello Credit committee, this exception is to use the average earned income between 2022 to 2021 of variable
income. Per fannie mae guidelines it states "History of Receipt: Two or more years of receipt of a particular
type of variable income is recommended; however, variable income that has been received for 12 to 24 months
may be considered as acceptable income, as long as the borrower’s loan application demonstrates that there
are positive factors that reasonably offset the shorter income history." Borrower has been employed with the
company since 2005 and fannie mae guidelines do not state you need to reserve this income consectuviely for
12 months. As you can see in the most recent paycheck that was granted his income is only inclining.
 - Due Diligence Vendor-09/05/2023		   Waived-Variable income less than 12 months
Comments Hello Credit committee, this exception is to use the average earned income between 2022 to 2021 of variable
income. Per fannie mae guidelines it states "History of Receipt: Two or more years of receipt of a particular
type of variable income is recommended; however, variable income that has been received for 12 to 24 months
may be considered as acceptable income, as long as the borrower’s loan application demonstrates that there
are positive factors that reasonably offset the shorter income history." Borrower has been employed with the
company since 2005 and fannie mae guidelines do not state you need to reserve this income consectuviely for
12 months. As you can see in the most recent paycheck that was granted his income is only inclining.
 - Due Diligence Vendor-09/05/2023

   Compensating Factors
No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months
Credit Decision
Status Approved with
conditions
Conditions: +0.5 to the rate, ok to average Variable income over 12 months
page 829		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1139900
XXXXXXX-2023-NQM5-265     D B D B A A C A Closed FCRE1491 2023-09-05 06:42 2023-09-05 06:42 Waived 2 - Non-Material B B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Asset Qualification Does Not Meet Guideline Requirements Less than 20% of own funds purchase of investment proepty
Comments Hello Credit committee, this exception is for Borrower short of their own funds by $86,446.66 to contribute 20%
of their own funds. Please considet this for the multiple compensating factors.
 - Due Diligence Vendor-09/05/2023		   Waived-Asset Qualification Does Not Meet Guideline Requirements Less than 20% of own funds purchase of investment proepty
Comments Hello Credit committee, this exception is for Borrower short of their own funds by $86,446.66 to contribute 20%
of their own funds. Please considet this for the multiple compensating factors.
 - Due Diligence Vendor-09/05/2023

   Compensating Factors
No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments
in last 48 months
Credit Decision
Status Approved with
conditions
Conditions: +0.5 to the rate, min 3Y PPP required
page 830		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1139886
XXXXXXX-2023-NQM5-265     C A A A C A A A Closed 50001252-Fees-Limited 2023-09-04 11:42 2023-09-14 12:21 Resolved 1 - Information C A Compliance Mavent Fees: Limited Resolved-COC provided - Due Diligence Vendor-09/14/2023

Ready for Review-Document Uploaded. hello, please find attached.  - Seller-09/13/2023

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Broker Fees. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Provide the COC for the increase in Broker Fees on LE 08/08/2023. - Due Diligence Vendor-09/04/2023		 Ready for Review-Document Uploaded. hello, please find attached.  - Seller-09/13/2023

 Resolved-COC provided - Due Diligence Vendor-09/14/2023

     COC 1051461.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1139336
XXXXXXX-2023-NQM5-266     C A A A C A A A Closed 50001251-Fees-Limited 2023-09-04 11:42 2023-09-14 12:21 Resolved 1 - Information C A Compliance Mavent Fees: Limited Resolved-COC provided - Due Diligence Vendor-09/14/2023

Ready for Review-Document Uploaded. Hello, please find attached.  - Seller-09/13/2023

Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Broker Fees. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). Provide the COC for the increase in Broker Fees on LE 08/08/2023. - Due Diligence Vendor-09/04/2023		 Ready for Review-Document Uploaded. Hello, please find attached.  - Seller-09/13/2023

 Resolved-COC provided - Due Diligence Vendor-09/14/2023

     COC 1051461.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1139337
XXXXXXX-2023-NQM5-267     B B B B A A A A Closed FCRE3599 2023-09-05 11:15 2023-09-06 07:20 Waived 2 - Non-Material B B Credit Eligibility Borrower owns more financed properties than allowed per guidelines Waived-Lender granted exception for 11 properties and a mortgage late in April

See page 2 - Due Diligence Vendor-09/05/2023		   Waived-Lender granted exception for 11 properties and a mortgage late in April

See page 2 - Due Diligence Vendor-09/05/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1140521
XXXXXXX-2023-NQM5-267     C B C B A A A A Closed FCRE1437 2023-09-02 08:59 2023-09-11 10:39 Resolved 1 - Information C A Credit Income/Employment Income and Employment Do Not Meet Guidelines Resolved-1 Year full doc wage earner program does have not have a 2 year employment history requirement. Finding is resolved.  - Due Diligence Vendor-09/11/2023

Ready for Review-Document Uploaded. Hello. The 2022 from [redacted] is in file. This is a 1-year full doc file, so the calculation is only based off the 1 year. There is a 24-month employment history in file. [redacted]: 11/2/2020 – 2/1/22 (Over 2 years)
[redacted]: 2/12/22 – Current (19 months). Thank you.  - Seller-09/08/2023

Open-Income and Employment Do Not Meet Guidelines B1 has less than two years employment documented. WVOE start date is 02/2022 - 18 months in file -prior wage work history with [redacted] (per 1003) not verified. - Due Diligence Vendor-09/02/2023		 Ready for Review-Document Uploaded. Hello. The 2022 from [redacted] is in file. This is a 1-year full doc file, so the calculation is only based off the 1 year. There is a 24-month employment history in file. [redacted]: 11/2/2020 – 2/1/22 (Over 2 years)
[redacted]: 2/12/22 – Current (19 months). Thank you.  - Seller-09/08/2023

 Resolved-1 Year full doc wage earner program does have not have a 2 year employment history requirement. Finding is resolved.  - Due Diligence Vendor-09/11/2023

     1051879_ VOE.pdf

1051879_ VERBAL VOE.pdf

1051879_ Imcome.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1139043
XXXXXXX-2023-NQM5-268     C B C B A A A A Closed FCRE1493 2023-09-02 09:13 2023-09-02 09:13 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-B1 only has 1 active trade -others are authorized user or deferred student loans -B2 has mortgage and sufficient trades. Exception page 92 for B1 tradeline count. - Due Diligence Vendor-09/02/2023   Waived-B1 only has 1 active trade -others are authorized user or deferred student loans -B2 has mortgage and sufficient trades. Exception page 92 for B1 tradeline count. - Due Diligence Vendor-09/02/2023

   No credit events past 48 months, No mortgage lates last 24 months, No consumer lates last 48 months, LRV > 10% below program maximum, 2+ bwrs on loan ,Bwr contribution exceeds 5%.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1139047
XXXXXXX-2023-NQM5-269     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-270     A A A A A A A A Closed FCRE9991 2023-09-05 10:14 2023-09-12 11:38 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-DTI now matches.  Lender provided proof of omission of charge off - Due Diligence Vendor-09/12/2023
Ready for Review-Document Uploaded. Please find our Senior UW response attached - Seller-09/11/2023
Open-DTI - Difference is [redacted] Charge off  - incl 5% in DTI - was not included in Lender's DTI nor evidence of payoff.    DTI should be 47.27%.  Approval is 42.01%.  PITIA is $2,098.33+ Debts from Credit report of $5,578.17 + negative rents used of $553.21 = $8,229.71  /  Income of $17,410.21 = 47.27% - Due Diligence Vendor-09/05/2023		 Ready for Review-Document Uploaded. Please find our Senior UW response attached - Seller-09/11/2023

 Resolved-DTI now matches.  Lender provided proof of omission of charge off - Due Diligence Vendor-09/12/2023

     RE_ 1050832 Scott.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1140377
XXXXXXX-2023-NQM5-271     B B B B A A A A Closed FCRE2515 2023-09-05 07:57 2023-09-05 07:57 Waived 2 - Non-Material B B Credit Eligibility Credit history does not meet guidelines Waived-B1 has ITIN report - Lender exception page 919. - Due Diligence Vendor-09/05/2023   Waived-B1 has ITIN report - Lender exception page 919. - Due Diligence Vendor-09/05/2023

   Revolving debt under 30%, DTI > 10% lower than program maximum, No credit events past 48 months, 2+ borrowers on loan, LTV 10% below maximum, Bwr contribution exceeds 5%.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1140062
XXXXXXX-2023-NQM5-272     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-273     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000      
XXXXXXX-2023-NQM5-274     C B C B A A A A Closed FCRE1493 2023-09-14 09:34 2023-10-12 08:21 Waived 2 - Non-Material C B Credit Eligibility Trade line count does not meet program requirements Waived-Approve 1x12 for tradelines.
 - Due Diligence Vendor-10/12/2023

Ready for Review-Document Uploaded. Please find Exception form attached - Seller-10/12/2023

Open-Loan file does not meet standard tradeline guideline.
Note: - As per guide 3 tradelines reporting for 12 or more months and remained open within 12 months OR
            2 tradelines reporting for 24 or more months and remained open within 12 months
Note:- Credit report reflect one open active tradeline. - Due Diligence Vendor-09/14/2023		 Ready for Review-Document Uploaded. Please find Exception form attached - Seller-10/12/2023

 Waived-Approve 1x12 for tradelines.
 - Due Diligence Vendor-10/12/2023

   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
Borrower contribution exceeds requirement >=5%, Revolving debt is under 30%, 5+ years credit history, Reserves>6 months (ineligible for Foreign
Nationals)		 186107264_Exception%20Form%2009-14-2023_20231011223744.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Post-Close Yes 1156649
XXXXXXX-2023-NQM5-275     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-275     D A C A A A D A Closed FVAL1039 2023-09-05 14:10 2023-09-14 12:31 Resolved 1 - Information D A Property Value Appraised value unsupported Resolved-desk review supports - Due Diligence Vendor-09/14/2023

Ready for Review-Document Uploaded. Please review uploaded CDA report - Seller-09/13/2023

Open-CU Score 2.8 and AVM provided has a confidence score of 88% and a value difference of 12.[redacted].  Please provide a Desk Review.  - Due Diligence Vendor-09/05/2023		 Ready for Review-Document Uploaded. Please review uploaded CDA report - Seller-09/13/2023

 Resolved-desk review supports - Due Diligence Vendor-09/14/2023

     1050994_CDA.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1140893
XXXXXXX-2023-NQM5-276     D A C A A A D A Closed FCRE6843 2023-09-05 14:23 2023-09-14 12:30 Resolved 1 - Information C A Credit Assets Asset General Resolved-lender is ok since both borrowers on loan - Due Diligence Vendor-09/14/2023
Ready for Review-n/a. Both borrowers are on loan ,assets from both borrowers account could be used. - Seller-09/13/2023
Open- - [redacted] is in B2's name only.  B2 is using SSI income for qualifying.  Please show that B1 is tied to this [redacted] account in order to use those assets for Asset Utilization qualification.  - Due Diligence Vendor-09/05/2023		 Ready for Review-n/a. Both borrowers are on loan ,assets from both borrowers account could be used. - Seller-09/13/2023

 Resolved-lender is ok since both borrowers on loan - Due Diligence Vendor-09/14/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1140931
XXXXXXX-2023-NQM5-277     C A C A A A A A Closed FCRE5275 2023-09-06 10:11 2023-09-29 13:23 Resolved 1 - Information C A Credit Eligibility Asset do not meet guidelines Resolved-all pages now present. - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded. please see attached - Seller-09/29/2023

Open- - please provide full bank bank statements.  Only pages 2 - 5 of 12 of May and June provided. - Due Diligence Vendor-09/06/2023		 Ready for Review-Document Uploaded. please see attached - Seller-09/29/2023

 Resolved-all pages now present. - Due Diligence Vendor-09/29/2023

     1050664_WellsFargo2.pdf

1050664_WellsFargo.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1142390
XXXXXXX-2023-NQM5-278     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-279     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-280     C A A A C A A A Closed FCOM9967 2023-09-06 09:20 2023-09-27 12:53 Resolved 1 - Information C A Compliance TRID TRID: Loan Estimate Deficiency Resolved-electronic proof received - Due Diligence Vendor-09/27/2023

Ready for Review-Document Uploaded. see the attached - Seller-09/27/2023

Open-Provide evidence LE 08/17/2023 was sent electronically. - Due Diligence Vendor-09/06/2023		 Ready for Review-Document Uploaded. see the attached - Seller-09/27/2023

 Resolved-electronic proof received - Due Diligence Vendor-09/27/2023

     image.png Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1142245
XXXXXXX-2023-NQM5-280     D A A A D A A A Closed FCOM5413 2023-09-06 14:44 2023-09-18 14:45 Resolved 1 - Information D A Compliance Missing Doc Prepayment Penalty Information Unavailable Resolved-correct prepay now present - Due Diligence Vendor-09/18/2023

Ready for Review-Document Uploaded. Corrected addendum provided - Seller-09/15/2023

Open- - the prepayment addendum does not reflect the length of the prepayment penalty.  - Due Diligence Vendor-09/06/2023		 Ready for Review-Document Uploaded. Corrected addendum provided - Seller-09/15/2023

 Resolved-correct prepay now present - Due Diligence Vendor-09/18/2023

     1051853_Prepayment Addendum.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1143090
XXXXXXX-2023-NQM5-281     D A A A D A A A Closed FCRE9991 2023-09-06 14:45 2023-09-14 11:11 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-tape updated  - Due Diligence Vendor-09/14/2023

Ready for Review-Document Uploaded. Corrected tape provided - Seller-09/13/2023

Open- - Data Tape DSCR 1.64  Audited DSCR 1.98 - the difference is due to the PITI payment. Data Tape is using the interest only payment when full payment is used for qualifying.  - Due Diligence Vendor-09/06/2023		 Ready for Review-Document Uploaded. Corrected tape provided - Seller-09/13/2023

 Resolved-tape updated  - Due Diligence Vendor-09/14/2023

     1051853_Tape NON QM.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1143095
XXXXXXX-2023-NQM5-282     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-282     D B D A B B B B Closed FCRE7347 2023-09-07 09:24 2023-09-14 11:51 Resolved 1 - Information D A Credit Missing Doc Missing Lease Agreement Resolved-lender used STR [redacted] - Due Diligence Vendor-09/14/2023
Ready for Review-Document Uploaded. Please review financial statements we had on file for those properties. Property addresses are listed and report was generated from [redacted] portal - Seller-09/13/2023
Open- - please provide lease agreements for [redacted] and [redacted].  Page 931 is a Cash Flow Calculation that reflects rental income.  No property address are listed and unknown who prepared the document.  - Due Diligence Vendor-09/07/2023		 Ready for Review-Document Uploaded. Please review financial statements we had on file for those properties. Property addresses are listed and report was generated from [redacted] portal - Seller-09/13/2023

 Resolved-lender used STR [redacted] - Due Diligence Vendor-09/14/2023

     1050515_report for 997_933_1998 VRBO.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1144305
XXXXXXX-2023-NQM5-282     D B D A B B B B Closed 2260 2023-09-07 09:27 2023-09-07 09:27 Waived 2 - Non-Material B B Compliance Mavent Prepayment: Penalty Waived-Lender granted exception for to match [redacted] 7.8[redacted] No PPP "Borrower is willing to go with a 1yr PPP if we could match [redacted] pricing."

see page 1077 - Due Diligence Vendor-09/07/2023		   Waived-Lender granted exception for to match [redacted] 7.8[redacted] No PPP "Borrower is willing to go with a 1yr PPP if we could match [redacted] pricing."

see page 1077 - Due Diligence Vendor-09/07/2023
   Several income sources and DTI below 45%, Revolving debt is under 30%, Residual income >=$3000, DTI >=10% lower than loan program, No mortgage late payments in last 24 months, Borrower contribution exceeds requirement >=5%
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1144316
XXXXXXX-2023-NQM5-283     D B D A B B B B Closed FVAL9739 2023-09-07 09:26 2023-09-07 09:26 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Lender granted exception for  new construction guidelines, with no comps located within 4 miles of subject.

see page 1076
 - Due Diligence Vendor-09/07/2023		   Waived-Lender granted exception for  new construction guidelines, with no comps located within 4 miles of subject.

see page 1076
 - Due Diligence Vendor-09/07/2023

   No mortgage late payments in last 24 months, Borrower contribution exceeds requirement >=5%, Reserves>6 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1144313
XXXXXXX-2023-NQM5-284     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-285     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-286     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-287     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-288     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-289     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-290     B B B B A A A A Closed FCRE1197 2023-09-07 07:49 2023-09-07 07:49 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of [redacted] is less than Guideline FICO of 660 Exception on page 554

need cash out exception with credit score of [redacted]

Approved with conditions of +0.5 to the rate, max $600,000 cashout, all the 3 collections and
charge offs have to be paid , closing to confirm - Due Diligence Vendor-09/07/2023		   Waived-Audited FICO of [redacted] is less than Guideline FICO of 660 Exception on page 554

need cash out exception with credit score of [redacted]

Approved with conditions of +0.5 to the rate, max $600,000 cashout, all the 3 collections and
charge offs have to be paid , closing to confirm - Due Diligence Vendor-09/07/2023

   Revolving debt is under 30%, Residual income >=$3000, 5+ years credit history, Other: specify below
very low LTV under 50%		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1144001
XXXXXXX-2023-NQM5-291     A A A A A A A A Closed FCRE9991 2023-09-08 08:15 2023-09-13 08:09 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-lender addressed that 1007 is a short term, used [redacted] occ factor. - Due Diligence Vendor-09/13/2023

Ready for Review-Please, be advised that the Short-term rent was used for DSCR calculations. Per 1007 (p.10), the rental estimate was based on short-term market rentals. Thank you!
 - Seller-09/13/2023

Open- - DSCR calc varies from originator score of .94 where as calculated score of 1.25 is supported by Appraisal 1007 $4,500, PITIA $3,603.37. Audited PITI and proposed rent match the 1008 and final 1003. - Due Diligence Vendor-09/08/2023		 Ready for Review-Please, be advised that the Short-term rent was used for DSCR calculations. Per 1007 (p.10), the rental estimate was based on short-term market rentals. Thank you!
 - Seller-09/13/2023

 Resolved-lender addressed that 1007 is a short term, used [redacted] occ factor. - Due Diligence Vendor-09/13/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1146376
XXXXXXX-2023-NQM5-292     B B B B A A A A Closed FCRE8611 2023-09-07 12:11 2023-09-07 12:11 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-The borrower is self-employed for 10 months, not a full year.
Comments borrower that has been self-employed for 10 months but has been in the same industry for over 5 years as a
life insurance agent.
 - Due Diligence Vendor-09/07/2023		   Waived-The borrower is self-employed for 10 months, not a full year.
Comments borrower that has been self-employed for 10 months but has been in the same industry for over 5 years as a
life insurance agent.
 - Due Diligence Vendor-09/07/2023

   Compensating Factors
DTI >=10% lower than loan program, No mortgage late payments in last 24 months, 5+ years credit history, LTV 10% below
maximum, Credit score >40 points than minimum required, Reserves>6 months
Credit Decision
Status Approved with
conditions
Conditions: 0.375 to the rate, 80 CLTV max, min 6 m reserves, for 2022 ok to
average 3 mo of income & not 12. Income cannot be declining.
page 1243		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1144789
XXXXXXX-2023-NQM5-293     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-294     C A C A A A A A Closed FCRE8611 2023-09-07 14:00 2023-09-14 11:09 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-P/L dated - Due Diligence Vendor-09/14/2023

Ready for Review-Document Uploaded. P/L Statement contains 2 pages, the date is indicated on the 1st page (06/17/2023). - Seller-09/13/2023

Open-P/L is not dated by preparer  - Due Diligence Vendor-09/07/2023		 Ready for Review-Document Uploaded. P/L Statement contains 2 pages, the date is indicated on the 1st page (06/17/2023). - Seller-09/13/2023

 Resolved-P/L dated - Due Diligence Vendor-09/14/2023

     1049197_PL date.jpg Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1145056
XXXXXXX-2023-NQM5-294     B B B B A A A A Closed FCRE6843 2023-09-06 18:36 2023-09-06 18:36 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception on page 684

Hello team! Could you please check the file? There are several NSFs. However the income is good, low DTI, credit history 5 years+, no late payments recently, 10 years+ of business. CPA letter, AVM attached. Thank you!

Approved with conditions of +0.25 to the rate - Due Diligence Vendor-09/07/2023		   Waived-Exception on page 684

Hello team! Could you please check the file? There are several NSFs. However the income is good, low DTI, credit history 5 years+, no late payments recently, 10 years+ of business. CPA letter, AVM attached. Thank you!

Approved with conditions of +0.25 to the rate - Due Diligence Vendor-09/07/2023

   5 years on current job, DTI >=10% lower than loan program, 10 years or more in same line of employment, No credit events past 48
months, 5+ years credit history, No consumer late payments in last 48 months		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1143260
XXXXXXX-2023-NQM5-295     B B B B A A A A Closed FCRE1197 2023-09-06 18:35 2023-09-06 18:35 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of [redacted] is less than Guideline FICO of 680 Exception on page 685

[redacted] FICO for rural property

Approved with conditions of +0.25 to the rate, [redacted] ltv ok - Due Diligence Vendor-09/07/2023		   Waived-Audited FICO of [redacted] is less than Guideline FICO of 680 Exception on page 685

[redacted] FICO for rural property

Approved with conditions of +0.25 to the rate, [redacted] ltv ok - Due Diligence Vendor-09/07/2023

   5 years on current job, DTI >=10% lower than loan program, 10 years or more in same line of employment, No credit events past 48
months, No consumer late payments in last 48 months		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1143259
XXXXXXX-2023-NQM5-296     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-297     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-298     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-299     C A C A A A A A Closed FCRE8611 2023-09-07 15:43 2023-09-18 14:49 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-dated copy now present - Due Diligence Vendor-09/18/2023

Ready for Review-Document Uploaded. Please review uploaded  dated P&L - Seller-09/15/2023

Open-P/L not dated - Due Diligence Vendor-09/07/2023		 Ready for Review-Document Uploaded. Please review uploaded  dated P&L - Seller-09/15/2023

 Resolved-dated copy now present - Due Diligence Vendor-09/18/2023

     1050886_Income_ Profit and Loss Statement.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1145321
XXXXXXX-2023-NQM5-299     D B D B A A A A Closed FCRE5770 2023-09-07 05:58 2023-09-14 12:29 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Credit Report is Missing Resolved-credit reports received. - Due Diligence Vendor-09/14/2023

Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-09/14/2023

Ready for Review-Document Uploaded. Please review uploaded credit report - Seller-09/13/2023

Open-Borrower 1 Credit Report is Missing. - Due Diligence Vendor-09/07/2023		 Ready for Review-Document Uploaded. Please review uploaded credit report - Seller-09/13/2023

 Resolved-credit reports received. - Due Diligence Vendor-09/14/2023

 Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-09/14/2023

     1050843_credit report.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1143760
XXXXXXX-2023-NQM5-299     D B D B A A A A Closed FCRE5771 2023-09-07 05:58 2023-09-14 12:29 Resolved 1 - Information D A Credit Missing Doc Borrower 2 Credit Report is Missing Resolved-credit reports received. - Due Diligence Vendor-09/14/2023

Resolved-Borrower 2 Credit Report is not missing. - Due Diligence Vendor-09/14/2023

Ready for Review-Document Uploaded. Credit report uploaded - Seller-09/13/2023

Open-Borrower 2 Credit Report is Missing. - Due Diligence Vendor-09/07/2023		 Ready for Review-Document Uploaded. Credit report uploaded - Seller-09/13/2023

 Resolved-credit reports received. - Due Diligence Vendor-09/14/2023

 Resolved-Borrower 2 Credit Report is not missing. - Due Diligence Vendor-09/14/2023

     1050843_credit report.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1143761
XXXXXXX-2023-NQM5-300     D B D B A A A A Closed FCRE1197 2023-09-07 06:22 2023-09-07 06:22 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of [redacted] is less than Guideline FICO of 680 Rural property requires a min credit score of 680. Bwr low middle is [redacted]. Exception page 840. - Due Diligence Vendor-09/07/2023   Waived-Audited FICO of [redacted] is less than Guideline FICO of 680 Rural property requires a min credit score of 680. Bwr low middle is [redacted]. Exception page 840. - Due Diligence Vendor-09/07/2023

   Revolving debt under 30%, DTI > 10% below program maximum, LTv >10% below program maximum.    Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1143804
XXXXXXX-2023-NQM5-301     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-301     D A D A A A C A Closed FCRE1158 2023-09-09 08:24 2023-09-29 09:43 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-deductible now $500.00 - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded. Please review updated binder - Seller-09/28/2023

Open-Deductible is more than 5% of coverage A of $7500 - Due Diligence Vendor-09/09/2023		 Ready for Review-Document Uploaded. Please review updated binder - Seller-09/28/2023

 Resolved-deductible now $500.00 - Due Diligence Vendor-09/29/2023

     1050362_updated Binder-3.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1148092
XXXXXXX-2023-NQM5-302     D A D A A A C A Closed FVAL5524 2023-09-09 06:57 2023-09-14 12:23 Resolved 1 - Information C A Property Property Ineligible Property Resolved-lender confirmed not STR - Due Diligence Vendor-09/14/2023

Ready for Review-This is not a short term rental. Subject property is an investment DSCR loan, all of DSCR loans have short term rent form included to the closing package.
for DSCr calculations we used 1007  as long term rental. - Seller-09/13/2023

Open-Subject is located in Kings county.  Short term rentals are prohibited by state and county regulations per guidelines.  Deed of Trust has a short term rider.  Please confirm this is not a Short Term Rental - Due Diligence Vendor-09/09/2023		 Ready for Review-This is not a short term rental. Subject property is an investment DSCR loan, all of DSCR loans have short term rent form included to the closing package.
for DSCr calculations we used 1007  as long term rental. - Seller-09/13/2023

 Resolved-lender confirmed not STR - Due Diligence Vendor-09/14/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1148077
XXXXXXX-2023-NQM5-303     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-303     C B C B A A A A Closed FCRE9806 2023-09-08 08:10 2023-09-29 09:55 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-deductible is accepted by lender. $1000.00 is deductible and is greater than 5% but lender accepts as is. - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded. Please find attached. AOP deductible is calculated on provided coverages for all. - Seller-09/29/2023

Open-HO6 Policy, page 701, has a 10% deductible - Coverage is 10K - Deductible is $1,000. - Due Diligence Vendor-09/08/2023		 Ready for Review-Document Uploaded. Please find attached. AOP deductible is calculated on provided coverages for all. - Seller-09/29/2023

 Resolved-deductible is accepted by lender. $1000.00 is deductible and is greater than 5% but lender accepts as is. - Due Diligence Vendor-09/29/2023

     Insurance_ HO3.pdf

image.png		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1146360
XXXXXXX-2023-NQM5-304     C B C B A A A A Closed FCRE1437 2023-09-08 07:55 2023-09-08 08:32 Waived 2 - Non-Material B B Credit Income/Employment Income and Employment Do Not Meet Guidelines Waived-Income and Employment Do Not Meet Guidelines B1 has less than two year work history - Lender exception to allow 1 year only on WVOE program -page 972 B2 is non occupant co bwr with 2+ yrs verified in file. - Due Diligence Vendor-09/08/2023   Waived-Income and Employment Do Not Meet Guidelines B1 has less than two year work history - Lender exception to allow 1 year only on WVOE program -page 972 B2 is non occupant co bwr with 2+ yrs verified in file. - Due Diligence Vendor-09/08/2023

   Revolving debt under 30%, No credit events past 48 months, No consumer lates last 48 months, Borrower 1 Credit Score > 40 points above program minimum.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1146330
XXXXXXX-2023-NQM5-305     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-306     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-307     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-307     C A A A C A A A Closed 1000704-1002118 2023-09-08 15:06 2023-09-20 09:59 Resolved 1 - Information C A Compliance Tolerance:FinanceCharge Federal - Finance Charge Disclosure Tolerance (Closed End) Resolved- - Due Diligence Vendor-09/20/2023
Resolved-Resolved - Due Diligence Vendor-09/20/2023
Open-The disclosed finance charge [redacted] is ($231.93) below the actual finance charge [redacted]. The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $100 below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1) Provide a PCCD with the corrected Finance Charge of [redacted]. - Due Diligence Vendor-09/08/2023		   Resolved-  - Due Diligence Vendor-09/20/2023

 Resolved-Resolved - Due Diligence Vendor-09/20/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1147727
XXXXXXX-2023-NQM5-308     C A A A C A A A Closed 1001121-1003175 2023-09-08 15:06 2023-09-20 09:59 Resolved 1 - Information C A Compliance Tolerance:Disclosure Federal - Closing Disclosure Total of Payments Disclosure Tolerance Resolved- - Due Diligence Vendor-09/20/2023
Resolved-Resolved - Due Diligence Vendor-09/20/2023
Open-The disclosed Total of Payments [redacted] is understated by more than $100 when compared to the actual Total of Payments [redacted]. The difference is ($356.93). Regulation Z considers the disclosed Total of Payments inaccurate if it understated by more than $100. (12 CFR 1026.38(o)(1)) [redacted] Total payments is [redacted]  final CD is [redacted] - Due Diligence Vendor-09/08/2023		   Resolved-  - Due Diligence Vendor-09/20/2023

 Resolved-Resolved - Due Diligence Vendor-09/20/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1147728
XXXXXXX-2023-NQM5-309     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-310     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-310     C B C B A A A A Closed FCRE6843 2023-09-09 14:51 2023-09-26 15:14 Resolved 1 - Information C A Credit Assets Asset General Resolved-Proof received clears findings - Due Diligence Vendor-09/26/2023

Ready for Review-Document Uploaded. see attached  - Seller-09/26/2023

Open- - $15,000 earnest money.  $10,000 verified from the borrower page 55.  Please provide proof the additional $5,000 cleared the borrower's account.  - Due Diligence Vendor-09/09/2023		 Ready for Review-Document Uploaded. see attached  - Seller-09/26/2023

 Resolved-Proof received clears findings - Due Diligence Vendor-09/26/2023

     RE_ 1051633_Proof EMD cleared.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1148146
XXXXXXX-2023-NQM5-311     C B C B A A A A Closed FCRE1440 2023-09-09 14:24 2023-09-12 14:13 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Housing History Does Not Meet Guideline Requirements  - Lender granted exception for no ownership of property for 2 years - see page 820 - Due Diligence Vendor-09/09/2023   Waived-Housing History Does Not Meet Guideline Requirements  - Lender granted exception for no ownership of property for 2 years - see page 820 - Due Diligence Vendor-09/09/2023

   Borrower contribution exceeds requirement >=5%, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1148141
XXXXXXX-2023-NQM5-312     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-313     B B B B A A A A Closed FCRE6843 2023-09-13 06:36 2023-09-13 06:38 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Good day credit committee. Our borrower is currently under contract. This file is currently in our system running
as Conv FD investment. Once approved, I will cancel other file and resubmit as Non-qm FD being that we
cannot . Borrower has 10% down payment, and fiancé has the other 10%+ for down and reserves. Fiancé is on
RPA but will not be on the loan. Prior to submission, I would like to know if we can allow 10% gift from
borrower, and 10%+ from Fiancé. If fiancé has to go on title to make it more of her own, I will discuss with
broker. Please allow gift funds to exceed the normal standards. Thank you for your consideration.
 - Due Diligence Vendor-09/13/2023		   Waived-Good day credit committee. Our borrower is currently under contract. This file is currently in our system running
as Conv FD investment. Once approved, I will cancel other file and resubmit as Non-qm FD being that we
cannot . Borrower has 10% down payment, and fiancé has the other 10%+ for down and reserves. Fiancé is on
RPA but will not be on the loan. Prior to submission, I would like to know if we can allow 10% gift from
borrower, and 10%+ from Fiancé. If fiancé has to go on title to make it more of her own, I will discuss with
broker. Please allow gift funds to exceed the normal standards. Thank you for your consideration.
 - Due Diligence Vendor-09/13/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments
in last 48 months, Credit score >40 points than minimum required
Pg. 305		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1153995
XXXXXXX-2023-NQM5-314     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-315     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-315     C A A A A A C A Closed FCRE9991 2023-09-12 15:25 2023-09-20 13:13 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-tape updated - Due Diligence Vendor-09/20/2023

Ready for Review-Document Uploaded. Please see updated tape in attachment - Seller-09/20/2023

Counter-finding is not for a 1007.  it is for a corrected DSCR score using [redacted].  need updated tape - Due Diligence Vendor-09/18/2023

Ready for Review-Per our GL we can us for DSCR ratio calculation Form 1007 or [redacted]. As far as we have [redacted] on loan, there is no need for 1007. - Seller-09/15/2023

Open-DSR is 1.48  Rents from [redacted] at [redacted] are $2787.50/ PITIA $1879.69.  PITIA matches 1008 and no 1007 in file - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded. Please see updated tape in attachment - Seller-09/20/2023

 Ready for Review-Per our GL we can us for DSCR ratio calculation Form 1007 or [redacted]. As far as we have [redacted] on loan, there is no need for 1007. - Seller-09/15/2023

 Resolved-tape updated - Due Diligence Vendor-09/20/2023

     Tape 1051830.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1152998
XXXXXXX-2023-NQM5-316     C A A A A A C A Closed FPRO116 2023-09-12 15:25 2023-09-18 14:51 Resolved 1 - Information C A Property Property Other Property/Value Finding Resolved-corrected appraisal now present - Due Diligence Vendor-09/18/2023

Ready for Review-Document Uploaded. Please see updated appraisal report in attachment - Seller-09/15/2023

Open-Appraisal has Own Occ check this is a DSCR - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded. Please see updated appraisal report in attachment - Seller-09/15/2023

 Resolved-corrected appraisal now present - Due Diligence Vendor-09/18/2023

     Updated appraisal report.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1153000
XXXXXXX-2023-NQM5-316     C B C B A A A A Closed FCRE9991 2023-09-11 08:37 2023-10-06 10:56 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-tape is updated - Due Diligence Vendor-10/06/2023
Ready for Review-Document Uploaded. Please see updated tape in attachment - Seller-10/06/2023
Open- DTI - Per 1008 on page 50 and subject loan 1003 - Bwr has concurrent purchase of new primary, [redacted], at $2,710.72.  The subject 1008 indicates a rental income from the subject property of $1,875 - however, this was based othe PITI prior to the subject refinance.  Corrected  rental income for subject is $2,500 (lease) - new loan PITI of $2,323.64 = $176.36.

DTI should be 55.10%.  Approval is 39.16%.  Primary PITIA is $2,710.72 + Debts from Credit report of $814 + negative rents used of $15.27 = $3,539.99  /  Income of $6,424.87 [$6,248.51 employment +$176.33 Subject rent] = 55.10% - Due Diligence Vendor-09/11/2023		 Ready for Review-Document Uploaded. Please see updated tape in attachment - Seller-10/06/2023

 Resolved-tape is updated - Due Diligence Vendor-10/06/2023

     1052280_UPD Tape NON QM.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1149067
XXXXXXX-2023-NQM5-317     C B C B A A A A Closed FCRE1193 2023-09-11 08:40 2023-10-06 10:55 Waived 2 - Non-Material C B Credit Eligibility Audited DTI Exceeds Guideline DTI Waived-Please allow to proceed with DTI above max. - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please see Exception form in attachment - Seller-10/06/2023

Open-Audited DTI of 55.1% exceeds Guideline DTI of 50% DTI should be 55.10%.  Approval is 39.16%.  Primary PITIA is $2,710.72 + Debts from Credit report of $814 + negative rents used of $15.27 = $3,539.99  /  Income of $6,424.87 [$6,248.51 employment +$176.33 Subject rent] = 55.10% - Due Diligence Vendor-09/11/2023		 Ready for Review-Document Uploaded. Please see Exception form in attachment - Seller-10/06/2023

 Waived-Please allow to proceed with DTI above max. - Due Diligence Vendor-10/06/2023

   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
5 years on current job, Residual income >=$3000, 10 years or more in same line of employment, No credit events past 48 months, Reserves>6
months		 Exception form.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Post-Close Yes 1149081
XXXXXXX-2023-NQM5-318     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-319     D A D A A A A A Closed FCRE1158 2023-09-13 10:51 2023-09-25 08:21 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-lender has addressed - Due Diligence Vendor-09/25/2023

Ready for Review-Earthquake coverage is optional and not listed on coverage requirements as per guidelines - Seller-09/22/2023

Open-Earthquake is showing 20% under special deductibles. Can refer pg#606   and max deductible is 5% - Due Diligence Vendor-09/13/2023		 Ready for Review-Earthquake coverage is optional and not listed on coverage requirements as per guidelines - Seller-09/22/2023

 Resolved-lender has addressed - Due Diligence Vendor-09/25/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1154643
XXXXXXX-2023-NQM5-320     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-321     C A A A C A A A Closed 1000137-1000395 2023-09-14 09:24 2023-09-19 10:54 Resolved 1 - Information C A Compliance HigherPriced:APR Federal - Escrow Account Required (First Lien HPML)(06/2013) Resolved-Resolved - Due Diligence Vendor-09/19/2023

Ready for Review-Document Uploaded. Please find PCCD attached - Seller-09/19/2023

Open-You submitted no impound amounts for property insurance on this HPML loan. Regulation Z prohibits a lender from making a first lien higher priced mortgage loan unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance. A creditor or servicer may not cancel the escrow account until the earlier of: (1) termination of the underlying debt obligation or (2) FIVE years after consummation, if the unpaid principal balance is less than [redacted] of the original value of the property and the consumer is not delinquent or in default on the underlying debt obligation. (12 CFR 1026.35(b)) Final CD does not reflect any hazard impound collected under Section G - Due Diligence Vendor-09/14/2023		 Ready for Review-Document Uploaded. Please find PCCD attached - Seller-09/19/2023

 Resolved-Resolved - Due Diligence Vendor-09/19/2023

     LOX_PCCD 09-19-2023.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1156618
XXXXXXX-2023-NQM5-322     D A D A A A A A Closed FCRE1158 2023-09-13 09:45 2023-09-27 12:57 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-received updated and corrected policy.  Deductible is now present and clear. - Due Diligence Vendor-09/27/2023

Ready for Review-Document Uploaded. Please find attached - Seller-09/27/2023

Open-Deductible % or amount is missing on the HOI document page#11 of 119
 - Due Diligence Vendor-09/13/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-09/27/2023

 Resolved-received updated and corrected policy.  Deductible is now present and clear. - Due Diligence Vendor-09/27/2023

     Insurance_ HO3.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1154496
XXXXXXX-2023-NQM5-323     B B A A A A B B Closed FPRO1251 2023-09-10 08:50 2023-09-10 08:55 Waived 2 - Non-Material B B Property Property Property Zoning Does Not Meet Program Requirements Waived-Exception page 1 - Property is zoned AW (Agricultural) with lot size > 10 acres at 12.33. - Due Diligence Vendor-09/10/2023   Waived-Exception page 1 - Property is zoned AW (Agricultural) with lot size > 10 acres at 12.33. - Due Diligence Vendor-09/10/2023

   DTI below 45%, Revolving debt under 30%, 5+ years on current job, 10 years same line of employment,  Residual income >$3K, No credit events past 48 months, No mortgage lates last 24 months, Credit score 38 points above program minimum.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1148182
XXXXXXX-2023-NQM5-324     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-325     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-326     B B B B A A A A Closed FCRE6843 2023-09-13 08:37 2023-09-13 08:37 Waived 2 - Non-Material B B Credit Assets Asset General Waived- - lender granted exception for 100% gift funds - see page 587 - Due Diligence Vendor-09/13/2023   Waived- - lender granted exception for 100% gift funds - see page 587 - Due Diligence Vendor-09/13/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1154302
XXXXXXX-2023-NQM5-326     C B C A A A B B Closed FCRE9802 2023-09-14 06:21 2023-09-26 09:25 Resolved 1 - Information C A Credit Eligibility Borrower is First Time Homebuyer and Program Does Not Allow This Resolved-Lender has accepted proof that borrower owned property before from Fraud guard.  A trust is mentioned and sold a property.  it is assumed borrower is owner of trust. - Due Diligence Vendor-09/26/2023

Ready for Review-Please, see the previous ownership information merged with the complete credit pkg, pp.124-127. Thank you! - Seller-09/26/2023

Open-Borrower cannot be first time homebuyer for this program DSCR loan program and borrower is a first time home buyer. - Due Diligence Vendor-09/14/2023		 Ready for Review-Please, see the previous ownership information merged with the complete credit pkg, pp.124-127. Thank you! - Seller-09/26/2023

 Resolved-Lender has accepted proof that borrower owned property before from Fraud guard.  A trust is mentioned and sold a property.  it is assumed borrower is owner of trust. - Due Diligence Vendor-09/26/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1156065
XXXXXXX-2023-NQM5-327     C B C A A A B B Closed FVAL9739 2023-09-13 14:39 2023-09-14 06:49 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Comment :-Per the guidelines all units must be 500 sq. ft. or greater.
Short Description :-Gross living area for 2,3 and 4 units < 500 square feet
Exception type :- Non-Material: Appraisal, Property characteristics
Exception form : pg.#563 - Due Diligence Vendor-09/13/2023		   Waived-Comment :-Per the guidelines all units must be 500 sq. ft. or greater.
Short Description :-Gross living area for 2,3 and 4 units < 500 square feet
Exception type :- Non-Material: Appraisal, Property characteristics
Exception form : pg.#563 - Due Diligence Vendor-09/13/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1155239
XXXXXXX-2023-NQM5-328     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-329     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-330     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-330     D B A A D A B B Closed FCOM4227 2023-09-12 11:26 2023-09-22 08:11 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-proof sent electronically. - Due Diligence Vendor-09/22/2023

Ready for Review-Document Uploaded.  - Seller-09/21/2023

Open-Provide evidence that Revised Closing Disclosure 08/28/2023 issues on  was sent electronically - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded.  - Seller-09/21/2023

 Resolved-proof sent electronically. - Due Diligence Vendor-09/22/2023

     esign.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1152173
XXXXXXX-2023-NQM5-330     D B A A D A B B Closed FCRE9991 2023-09-12 12:22 2023-09-22 08:10 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-lender address occupancy on retained property - Due Diligence Vendor-09/22/2023

Ready for Review-[redacted] property is being retained as a second property - Seller-09/21/2023

Open-This is a Primary home purchase. Borrower currently owns 1 more Primary residence mentioned in the REO and current address. Need supporting document explaining how DTI is calculated using this another primary property as. - Due Diligence Vendor-09/12/2023		 Ready for Review-[redacted] property is being retained as a second property - Seller-09/21/2023

 Resolved-lender address occupancy on retained property - Due Diligence Vendor-09/22/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1152381
XXXXXXX-2023-NQM5-331     D B A A D A B B Closed FVAL9739 2023-09-12 11:35 2023-09-12 11:35 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type :- Material: Appraisal
Short Description :- Looking for exception on transferred appraisal
Comments :- Looking to see if can get an exception for a transferred appraisal that has a date of 4/4/23 and the loan was submitted on 7/12/23. The appraisal for a new construction home and within the total of 120 days for an appraisal. looking to close the loan within the next week or so. Thanks
Exception form available on page no 1102 - Due Diligence Vendor-09/12/2023		   Waived-Exception Type :- Material: Appraisal
Short Description :- Looking for exception on transferred appraisal
Comments :- Looking to see if can get an exception for a transferred appraisal that has a date of 4/4/23 and the loan was submitted on 7/12/23. The appraisal for a new construction home and within the total of 120 days for an appraisal. looking to close the loan within the next week or so. Thanks
Exception form available on page no 1102 - Due Diligence Vendor-09/12/2023

   No credit events past 48 months, 5+ years credit history, Borrower contribution exceeds requirement >=5%   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1152198
XXXXXXX-2023-NQM5-331     C B C B C A A A Closed 1000704-1002118 2023-09-12 11:16 2023-10-12 07:31 Resolved 1 - Information C A Compliance Tolerance:FinanceCharge Federal - Finance Charge Disclosure Tolerance (Closed End) Resolved-received a revised and signed final CD - Due Diligence Vendor-10/12/2023
Resolved- - Due Diligence Vendor-10/12/2023
Ready for Review-This is the Final CD with the corrected Finance Charge from [redacted] to [redacted] (please refer to p.5) - Seller-10/11/2023
Counter-this is the same CD we already have - Due Diligence Vendor-10/10/2023
Ready for Review-Document Uploaded. Revised Final CD signed by the borrower provided - Seller-10/10/2023
Open-The disclosed finance charge [redacted]) is ($400.00) below the actual finance charge[redacted]. The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $100 below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1) The disclosed finance charge [redacted] is ($1,674.15) below the actual finance charge [redacted].  There is a $400.00 Appraisal reinspection fee that was not included in the APR by lender - Due Diligence Vendor-09/12/2023		 Ready for Review-This is the Final CD with the corrected Finance Charge from [redacted] to [redacted] (please refer to p.5) - Seller-10/11/2023
 Ready for Review-Document Uploaded. Revised Final CD signed by the borrower provided - Seller-10/10/2023
 Resolved-received a revised and signed final CD - Due Diligence Vendor-10/12/2023

 Resolved- - Due Diligence Vendor-10/12/2023

     1048759_Final CD Revised.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1152136
XXXXXXX-2023-NQM5-331     C B C B C A A A Closed FCRE1479 2023-09-12 09:08 2023-09-22 15:33 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved-Invoice received reflects large deposit. - Due Diligence Vendor-09/22/2023
Ready for Review-Document Uploaded. See attached - Seller-09/22/2023
Open-Asset Record 1 Does Not Meet G/L Requirements [redacted] there is a large deposit dated 21,716.04 pg#193 . Please provide the LOX & source if applicable.
2nd Large deposit for 59500 pg#176 dated 05/17.. Please provide the LOX & source if applicable. - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded. See attached - Seller-09/22/2023

 Resolved-Invoice received reflects large deposit. - Due Diligence Vendor-09/22/2023

     UW rebuttal.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1151660
XXXXXXX-2023-NQM5-331     C B C B C A A A Closed FCRE9991 2023-09-12 09:51 2023-09-22 15:32 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-Data tape is wrong - underwriter memo removed rental income  TPR and underwriter agree it is 46.20 - Due Diligence Vendor-09/22/2023

Resolved-New data tape is wrong  when removed the rental income of 2950 per underwriter detail in findings - dti is 46.20 and tpr agrees - Due Diligence Vendor-09/22/2023

Ready for Review-Document Uploaded. see attached  - Seller-09/22/2023

Open-DTI difference by 5.46%
-  REO: the rent loss for $4427 which is considered by the lender  and an additional rent income of 2950
Here, the rent income $2950 is getting adjusted with the rent loss 4427 and the Total income is coming to $31,200 and Rent loss to 1477.
> Total Liability :$11466.17 and Total income: 31200. Current DTI is 36.[redacted]
> Lender DTI is 42.21  - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded. see attached  - Seller-09/22/2023

 Resolved-Data tape is wrong - underwriter memo removed rental income  TPR and underwriter agree it is 46.20 - Due Diligence Vendor-09/22/2023

 Resolved-New data tape is wrong  when removed the rental income of 2950 per underwriter detail in findings - dti is 46.20 and tpr agrees - Due Diligence Vendor-09/22/2023

     corrected tape.xlsx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1151826
XXXXXXX-2023-NQM5-331     C B C B C A A A Closed FCRE1294 2023-09-12 09:31 2023-09-22 15:30 Resolved 1 - Information C A Credit Income/Employment Income 3 Months Income Verified is Missing Resolved-Income 3 Months Income Verified is Present Or Not Applicable - Due Diligence Vendor-09/22/2023

Ready for Review-Document Uploaded. UW rebuttal  - Seller-09/22/2023

Open-Income 3 Months Income Verified is Missing Need Proof for Rental Income $2950 which is consider by lender as per 1008. - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded. UW rebuttal  - Seller-09/22/2023

 Resolved-Income 3 Months Income Verified is Present Or Not Applicable - Due Diligence Vendor-09/22/2023

     UW rebuttal.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1151744
XXXXXXX-2023-NQM5-332     C B C B C A A A Closed FCRE9806 2023-09-12 12:17 2023-09-12 12:17 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-Type:- Material: Rate/Price Competitor Match
Description:- Match competitors par rate of 7.[redacted].
comment:-Please see attached for credit and competition from broker. Per broker, for P&L, they select VOE and click self-employed
Exception form: pg.# 895 - Due Diligence Vendor-09/12/2023		   Waived-Type:- Material: Rate/Price Competitor Match
Description:- Match competitors par rate of 7.[redacted].
comment:-Please see attached for credit and competition from broker. Per broker, for P&L, they select VOE and click self-employed
Exception form: pg.# 895 - Due Diligence Vendor-09/12/2023

   Revolving debt is under 30%, Residual income >=$3000, No credit events past 48 months, 5+ years credit history, No consumer late
payments in last 48 months		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1152371
XXXXXXX-2023-NQM5-333     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-334     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-335     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-336     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-337     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-338     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-339     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-340     B B B B A A A A Closed FCRE1200 2023-09-12 14:29 2023-09-12 14:29 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $100000 Exception Type :
Material: Loan Amount<100k
Short Description :[redacted] Loan Amount
Comments:
Dear team, kindly ask to approve [redacted] loan amount. Appraisal came too low than expected. Borrower wanted to take $100,000 but with that appraised value max we can give [redacted].00 ([redacted] LTV).
Exception page # 892



 - Due Diligence Vendor-09/12/2023		   Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $100000 Exception Type :
Material: Loan Amount<100k
Short Description :[redacted] Loan Amount
Comments:
Dear team, kindly ask to approve [redacted] loan amount. Appraisal came too low than expected. Borrower wanted to take $100,000 but with that appraised value max we can give [redacted].00 ([redacted] LTV).
Exception page # 892



 - Due Diligence Vendor-09/12/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1152814
XXXXXXX-2023-NQM5-341     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-342     D A D A A A A A Closed FCRE6019 2023-09-12 13:18 2023-09-19 13:01 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-09/19/2023

Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-09/15/2023

Ready for Review-Document Uploaded. Please review uploaded front page of EA,we had form I-797C in file as well. - Seller-09/14/2023

Open-Borrower 1 Citizenship Documentation Is Missing  - copy of back of Employment Card on page 81.  Please provide a copy of the front of the card.  - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded. Please review uploaded front page of EA,we had form I-797C in file as well. - Seller-09/14/2023

 Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-09/19/2023

 Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-09/15/2023

     1051028_front page of EA.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1152561
XXXXXXX-2023-NQM5-343     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-344     C A C A A A A A Closed FCRE1479 2023-09-12 10:23 2023-09-18 15:06 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved-lender is accepted the March CD since open for 1 year - Due Diligence Vendor-09/18/2023

Ready for Review-Apple Bank Account# [redacted] on pages 57-58 of "[redacted]_Closing docs part 1" is 1 year Certificate of Deposit which will be Mature in 1 year. As it is Certificate of deposit, we have Certificate of it and it will be valid till 1 year. - Seller-09/15/2023

Open-Asset Record 1 Does Not Meet G/L Requirements Apple bank account is expired and also dont have 2 months for asset.  Need most recent 2 months statement for where funds are being deposited. - Due Diligence Vendor-09/12/2023		 Ready for Review-Apple Bank Account# [redacted] on pages 57-58 of "[redacted]_Closing docs part 1" is 1 year Certificate of Deposit which will be Mature in 1 year. As it is Certificate of deposit, we have Certificate of it and it will be valid till 1 year. - Seller-09/15/2023

 Resolved-lender is accepted the March CD since open for 1 year - Due Diligence Vendor-09/18/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1151943
XXXXXXX-2023-NQM5-344     C A A A C A A A Closed 50001252-Fees-Limited 2023-09-13 09:41 2023-09-22 13:58 Resolved 1 - Information C A Compliance Mavent Fees: Limited Resolved-Lender provided clarification on [redacted] Verification Fee is part of recorded.  This is cleared. - Due Diligence Vendor-09/22/2023

Counter- - Due Diligence Vendor-09/22/2023

Counter-that is wrong COC.  need one from 8/24 for $5,751.6 - Due Diligence Vendor-09/18/2023

Ready for Review-Please see COC on page 262 of "[redacted]_Closing docs part 2" - Seller-09/15/2023

Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Doc Tax Stamps/Transfer Taxes – City/County. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Provide a COC for the increase in Transfer Taxes "[redacted] Verification Fee" on CD 08/24/2023. - Due Diligence Vendor-09/13/2023		 Ready for Review-Please see COC on page 262 of "[redacted]_Closing docs part 2" - Seller-09/15/2023

 Resolved-Lender provided clarification on [redacted] Verification Fee is part of recorded.  This is cleared. - Due Diligence Vendor-09/22/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1154480
XXXXXXX-2023-NQM5-345     C A A A C A A A Closed 50001251-Fees-Limited 2023-09-13 09:41 2023-09-22 13:58 Resolved 1 - Information C A Compliance Mavent Fees: Limited Resolved-Lender provided clarification on [redacted] Verification Fee is part of recorded.  This is cleared. - Due Diligence Vendor-09/22/2023
Counter- - Due Diligence Vendor-09/22/2023
Counter- - Due Diligence Vendor-09/18/2023
Ready for Review-Please see COC on page 262 of "[redacted]_Closing docs part 2" - Seller-09/15/2023
Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Doc Tax Stamps/Transfer Taxes – City/County. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). Provide a COC for the increase in Transfer Taxes "[redacted] Verification Fee" on CD 08/24/2023. - Due Diligence Vendor-09/13/2023		 Ready for Review-Please see COC on page 262 of "[redacted]_Closing docs part 2" - Seller-09/15/2023

 Resolved-Lender provided clarification on [redacted] Verification Fee is part of recorded.  This is cleared. - Due Diligence Vendor-09/22/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1154482
XXXXXXX-2023-NQM5-346     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-347     C A C A A A A A Closed FCRE6843 2023-09-12 07:39 2023-09-18 15:28 Resolved 1 - Information C A Credit Assets Asset General Resolved-lender is unable to verify the other half of the EMD so they backed it out but have sufficient funds to verified - Due Diligence Vendor-09/18/2023

Ready for Review-Document Uploaded. Please find our SUW response attached - Seller-09/15/2023

Open-EMD- total is 10k  Only 5k EMD gift verified. Missing the other 5k - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded. Please find our SUW response attached - Seller-09/15/2023

 Resolved-lender is unable to verify the other half of the EMD so they backed it out but have sufficient funds to verified - Due Diligence Vendor-09/18/2023

     RE_ 1051783 Gonzalez.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1151377
XXXXXXX-2023-NQM5-348     C A C A A A A A Closed FCRE1480 2023-09-13 12:43 2023-10-10 13:09 Resolved 1 - Information C A Credit Assets Asset 2 Does Not Meet Guideline Requirements Resolved-July statement now present - Due Diligence Vendor-10/10/2023

Ready for Review-Document Uploaded. please see attached - Seller-10/10/2023

Counter-we already have this statement. we need the one prior.  please see dates listed in original finding for date range needed
we have June and Aug statement, missing July - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded. please see attached - Seller-09/29/2023

Open-Asset Record 2 Does Not Meet G/L Requirements Need Bank statement for Account [redacted] #5095 for the month of 06/28/2023-07/27/2023 as missing.
Note: considered this account for the closing cost.  - Due Diligence Vendor-09/13/2023		 Ready for Review-Document Uploaded. please see attached - Seller-10/10/2023

 Ready for Review-Document Uploaded. please see attached - Seller-09/29/2023

 Resolved-July statement now present - Due Diligence Vendor-10/10/2023

     1052188_bank statement.pdf

1052188_july.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1154978
XXXXXXX-2023-NQM5-348     D A D A C A A A Closed 27830-33820 2023-09-12 15:39 2023-10-09 15:53 Resolved 1 - Information C A Compliance Broker:LimitFees Tennessee - Max Broker Fees (RLBSA) Resolved-Lender addressed Finding noting that broker fees were within Fed limits and broker compensation that falls within the industry standard range can be considered a “fair and reasonable” compensation. Finding is resolved. - Due Diligence Vendor-10/09/2023

Ready for Review-Document Uploaded. Mortgage broker fees of up to 3% BPC and 2.[redacted] LPC are customary industry compensation limits. In addition, our guidelines regarding broker compensation are directly tied to the federal QM points and fees rule as well as GSE guidance. As there is a 3% limit on points and fees for QM files as well as a 5% high cost limit, as long as the total points and fees on the file fall below these limits, any broker compensation that falls within the industry standard range can be considered a “fair and reasonable” compensation. - Seller-10/06/2023

Counter-recorded docs do not address the [redacted] broker fees are exceeding 2% - Due Diligence Vendor-09/19/2023

Ready for Review-Document Uploaded. Hello, please find attached!  - Seller-09/19/2023

Open-Under the [redacted] Residential Lending, Brokerage, and Servicing Act, the total of all of the fees paid by the Borrower to the Broker may not exceed 2% of the loan amount. ([redacted]. Code Ann. 47-14-113(c); [redacted] ADC 0180-17-.07(2)) See Finding - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded. Mortgage broker fees of up to 3% BPC and 2.[redacted] LPC are customary industry compensation limits. In addition, our guidelines regarding broker compensation are directly tied to the federal QM points and fees rule as well as GSE guidance. As there is a 3% limit on points and fees for QM files as well as a 5% high cost limit, as long as the total points and fees on the file fall below these limits, any broker compensation that falls within the industry standard range can be considered a “fair and reasonable” compensation. - Seller-10/06/2023

 Ready for Review-Document Uploaded. Hello, please find attached!  - Seller-09/19/2023

 Resolved-Lender addressed Finding noting that broker fees were within Fed limits and broker compensation that falls within the industry standard range can be considered a “fair and reasonable” compensation. Finding is resolved. - Due Diligence Vendor-10/09/2023

     collins recorded_1051900.pdf

2023-10-06_13-45-17.png

2023-10-06_13-45-28.png		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1153050
XXXXXXX-2023-NQM5-349     D A D A C A A A Closed FCOM4028 2023-09-13 12:48 2023-09-15 13:26 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-09/15/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-09/13/2023		   Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-09/15/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1154989
XXXXXXX-2023-NQM5-350     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-351     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-352     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-353     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-354     C A C A A A A A Closed FCRE1491 2023-09-13 14:08 2023-09-20 13:29 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-page received - Due Diligence Vendor-09/20/2023
Ready for Review-Document Uploaded. Please find attached - Seller-09/20/2023
Open-Asset Qualification Does Not Meet Guideline Requirements 1050634 Page 2 of 4 is missing for July 2023 period.
Note: refer pg.# 120 of 243 - Due Diligence Vendor-09/13/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-09/20/2023

 Resolved-page received - Due Diligence Vendor-09/20/2023

     2. Business Bank Statements Post Closing_11415 E. 19 St. Independence, MO_Paul Morton.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1155177
XXXXXXX-2023-NQM5-355     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-356     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-356     D B D B A A A A Closed FCRE6019 2023-09-15 12:37 2023-09-25 08:12 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-country now present - Due Diligence Vendor-09/25/2023

Ready for Review-Document Uploaded. Country of origin is [redacted], please see passport in attachment - Seller-09/25/2023

Counter-Still need country of origin.  please provide - Due Diligence Vendor-09/22/2023

Ready for Review-Please see Exception on page 408 of "[redacted]_Closing docs part 2". It is exception to only accept ITIN letter. We have the ITIN letter, US goverment ID, and FN passport per the exception. - Seller-09/20/2023

Open-Non perm resident missing VISA or EAD card - Due Diligence Vendor-09/15/2023		 Ready for Review-Document Uploaded. Country of origin is [redacted], please see passport in attachment - Seller-09/25/2023

 Ready for Review-Please see Exception on page 408 of "[redacted]_Closing docs part 2". It is exception to only accept ITIN letter. We have the ITIN letter, US goverment ID, and FN passport per the exception. - Seller-09/20/2023

 Resolved-country now present - Due Diligence Vendor-09/25/2023

     Passport.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1159344
XXXXXXX-2023-NQM5-356     D B D B A A A A Closed FCRE2515 2023-09-14 07:25 2023-09-14 07:53 Waived 2 - Non-Material B B Credit Eligibility Credit history does not meet guidelines Waived-ITIN report  used in lieu of SSN -Bwr is  a non perm. Page 408 Exception. - Due Diligence Vendor-09/14/2023   Waived-ITIN report  used in lieu of SSN -Bwr is  a non perm. Page 408 Exception. - Due Diligence Vendor-09/14/2023

   Revolving debt under 30%, No credit events past 48 months, Credit Score > 40 points above program minimum.    Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1156220
XXXXXXX-2023-NQM5-357     D B D B A A A A Closed FCRE1437 2023-09-14 07:16 2023-09-14 07:16 Waived 2 - Non-Material B B Credit Income/Employment Income and Employment Do Not Meet Guidelines Waived-Income and Employment Do Not Meet Guidelines Bwr has less than 2 years self employment - business established 03/22 - 1.5 years. Exception page 409 to accept employment less than 24 months. - Due Diligence Vendor-09/14/2023   Waived-Income and Employment Do Not Meet Guidelines Bwr has less than 2 years self employment - business established 03/22 - 1.5 years. Exception page 409 to accept employment less than 24 months. - Due Diligence Vendor-09/14/2023

   Revolving debt under 30%, No credit events past 48 months, Credit Score > 40 points above program minimum.    Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1156198
XXXXXXX-2023-NQM5-357     C A C A A A A A Closed FCRE1194 2023-09-14 13:10 2023-09-20 13:38 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Audited LTV of [redacted] is less than or equal to Guideline LTV of [redacted] - Due Diligence Vendor-09/20/2023
Resolved-updated rate sheet present - Due Diligence Vendor-09/20/2023
Ready for Review-Document Uploaded. Per our Rate sheet max LTV for Condotel is [redacted]. Please see snip in attachment. - Seller-09/20/2023
Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Max LTV  [redacted]> Investment Condotel Ltd review>[redacted] state - Due Diligence Vendor-09/14/2023		 Ready for Review-Document Uploaded. Per our Rate sheet max LTV for Condotel is [redacted]. Please see snip in attachment. - Seller-09/20/2023

 Resolved-Audited LTV of [redacted] is less than or equal to Guideline LTV of [redacted] - Due Diligence Vendor-09/20/2023

 Resolved-updated rate sheet present - Due Diligence Vendor-09/20/2023

     AD Base Ratesheet.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1157305
XXXXXXX-2023-NQM5-358     C A C A A A A A Closed FCRE6843 2023-09-13 15:07 2023-09-20 13:36 Resolved 1 - Information C A Credit Assets Asset General Resolved-backed out of balances and still has sufficient reserves - Due Diligence Vendor-09/20/2023
Ready for Review-Please see confirmation that EMD was transferred on page 75 of "[redacted]_Closing docs part 1" - Seller-09/20/2023
Open-Need [redacted] statement showing EMD deduction for $10,000
Note: refer loan#[redacted]. Pg#94 of 297 pkg. We have statement till 07/26 and the EMD deduction date is 07/28/2023. - Due Diligence Vendor-09/13/2023		 Ready for Review-Please see confirmation that EMD was transferred on page 75 of "[redacted]_Closing docs part 1" - Seller-09/20/2023

 Resolved-backed out of balances and still has sufficient reserves - Due Diligence Vendor-09/20/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1155320
XXXXXXX-2023-NQM5-359     C A C A A A A A Closed FCRE1194 2023-09-14 12:00 2023-09-20 13:41 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Audited LTV of [redacted] is less than or equal to Guideline LTV of [redacted] - Due Diligence Vendor-09/20/2023

Resolved-updated rate sheet how present - Due Diligence Vendor-09/20/2023

Ready for Review-Document Uploaded. Per our Rate sheet max LTV for Condotel is [redacted]. Please see snip in attachment. - Seller-09/20/2023

Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Max LTV  [redacted]> Investment Condotel ltd review>[redacted] state
   - Due Diligence Vendor-09/14/2023		 Ready for Review-Document Uploaded. Per our Rate sheet max LTV for Condotel is [redacted]. Please see snip in attachment. - Seller-09/20/2023

 Resolved-Audited LTV of [redacted] is less than or equal to Guideline LTV of [redacted] - Due Diligence Vendor-09/20/2023

 Resolved-updated rate sheet how present - Due Diligence Vendor-09/20/2023

     AD Base Ratesheet.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1157113
XXXXXXX-2023-NQM5-360     B B B B A A A A Closed FCRE1194 2023-09-14 09:42 2023-09-14 09:42 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Type: LTV
Comment: New Construction max LTV [redacted] - Need Exception for [redacted] LTV new construction DSCR
Exception form is on pg.#1057 - Due Diligence Vendor-09/14/2023		   Waived-Type: LTV
Comment: New Construction max LTV [redacted] - Need Exception for [redacted] LTV new construction DSCR
Exception form is on pg.#1057 - Due Diligence Vendor-09/14/2023

   Experienced investor with 2+ investment properties, Revolving debt is under 30%, No credit events past 48 months, No mortgage
late payments in last 24 months, No consumer late payments in last 48 months, Credit score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1156673
XXXXXXX-2023-NQM5-360     B B B B A A B B Closed FCRE1493 2023-09-14 08:54 2023-09-14 08:54 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Exception Type
Material: Tradelines
Short Description : Allow to proceed with 1 standard tradeline
Comments :
Borrower's got 1 standard tradeline, please allow to proceed.

Exception page # 871 - Due Diligence Vendor-09/14/2023		   Waived-Exception Type
Material: Tradelines
Short Description : Allow to proceed with 1 standard tradeline
Comments :
Borrower's got 1 standard tradeline, please allow to proceed.

Exception page # 871 - Due Diligence Vendor-09/14/2023

   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1156527
XXXXXXX-2023-NQM5-361     B B B B A A B B Closed FVAL9739 2023-09-14 08:53 2023-09-14 08:53 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type
Non-Material: Appraisal
Short Description :Go by appraised value to calculate LTV
Comments :
Less than 12 month seasoning, would like to go by appraised value.

Exception page # 872 - Due Diligence Vendor-09/14/2023		   Waived-Exception Type
Non-Material: Appraisal
Short Description :Go by appraised value to calculate LTV
Comments :
Less than 12 month seasoning, would like to go by appraised value.

Exception page # 872 - Due Diligence Vendor-09/14/2023

   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1156522
XXXXXXX-2023-NQM5-362     B B A A A A B B Closed FVAL9739 2023-09-14 14:17 2023-09-14 14:17 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type
Material: Property characteristics
Short Description:
Approved exception form required for the following: West parking garage is deemed unsafe and closed by the city until repairs are complete.
Comments :
Approved exception form required for the following: West parking garage is deemed unsafe and closed by the city until repairs are complete.

Exception page : 753 - Due Diligence Vendor-09/14/2023		   Waived-Exception Type
Material: Property characteristics
Short Description:
Approved exception form required for the following: West parking garage is deemed unsafe and closed by the city until repairs are complete.
Comments :
Approved exception form required for the following: West parking garage is deemed unsafe and closed by the city until repairs are complete.

Exception page : 753 - Due Diligence Vendor-09/14/2023

   Residual income >=$3000, DTI >=10% lower than loan program, Credit score >40 points than minimum required   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1157496
XXXXXXX-2023-NQM5-363     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-364     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-365     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-366     B B B B A A A A Closed FCRE1174 2023-09-14 15:49 2023-09-14 15:49 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Condo does not carry walls out wind and hail. Allow $50K Disaster Coverage and Walls in Hurricane
Coverage/all other perils on the HO6 in its place
Comments Condo does not carry walls out wind and hail. Allow $50K Disaster Coverage and Walls in Hurricane
Coverage/all other perils on the HO6 instead of Wind/hail master coverage Replacement Cost Estimater
supports the coverages
 - Due Diligence Vendor-09/14/2023		   Waived-Condo does not carry walls out wind and hail. Allow $50K Disaster Coverage and Walls in Hurricane
Coverage/all other perils on the HO6 in its place
Comments Condo does not carry walls out wind and hail. Allow $50K Disaster Coverage and Walls in Hurricane
Coverage/all other perils on the HO6 instead of Wind/hail master coverage Replacement Cost Estimater
supports the coverages
 - Due Diligence Vendor-09/14/2023

   Compensating Factors
Credit score >40 points than minimum required
Credit Decision
Status Approved with
conditions
Conditions: +0.5 to price
page 201		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1157706
XXXXXXX-2023-NQM5-367     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-368     D A D A A A A A Closed FCRE1316 2023-09-15 12:41 2023-09-21 07:53 Resolved 1 - Information D A Credit Missing Doc Borrower 1 3rd Party VOE Prior to Close Missing Resolved-Acceptable explanations received.  - Due Diligence Vendor-09/21/2023

Ready for Review-CPA letter dated 06/06/2023 is on file (p. 158 pkg#2). The Borrower is self-employed (VOE is within 120 days) - Seller-09/21/2023

Open-Borrower 1 3rd Party VOE Prior to Close Missing  - Due Diligence Vendor-09/15/2023		 Ready for Review-CPA letter dated 06/06/2023 is on file (p. 158 pkg#2). The Borrower is self-employed (VOE is within 120 days) - Seller-09/21/2023

 Resolved-Acceptable explanations received.  - Due Diligence Vendor-09/21/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1159353
XXXXXXX-2023-NQM5-369     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-370     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-370     D A C A A A D A Closed FCRE1493 2023-09-15 14:37 2023-09-21 11:56 Resolved 1 - Information C A Credit Eligibility Trade line count does not meet program requirements Resolved-Agree with explanation and verified - Due Diligence Vendor-09/21/2023

Ready for Review-On the Credit report there are Mortgage [redacted] open at 03/2023 with last reporting date 07/2023 and [redacted] open at 06/2013 with last reporting date 08/2023. It is 2 tradelines reporting for 24 or more months and remained open within 12 months that requaered by GL. - Seller-09/21/2023

Open-Provided one rent proof on pg#321 of 427 but is only for 12 months.
Note:- Per guide if the borrower has one standard tradelines for 12 months then "two" alternative tradelines for 12 months are required. If the borrower has one standard tradeline for 24 months, then one alternative tradeline for 24 is required. - Due Diligence Vendor-09/15/2023		 Ready for Review-On the Credit report there are Mortgage [redacted] open at 03/2023 with last reporting date 07/2023 and [redacted] open at 06/2013 with last reporting date 08/2023. It is 2 tradelines reporting for 24 or more months and remained open within 12 months that requaered by GL. - Seller-09/21/2023

 Resolved-Agree with explanation and verified - Due Diligence Vendor-09/21/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1159615
XXXXXXX-2023-NQM5-370     D A C A A A D A Closed FCRE1194 2023-09-15 14:44 2023-09-21 11:55 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-2% fee allowed financed and bring ltv to [redacted] - Due Diligence Vendor-09/21/2023

Ready for Review-It is 2% financed, must be priced as [redacted] LTV. - Seller-09/21/2023

Open-Audited LTV of 76.5% exceeds Guideline LTV of [redacted] * 2nd Home> [redacted] state> New construction > Condo>  max LTV is [redacted]  - Due Diligence Vendor-09/15/2023		 Ready for Review-It is 2% financed, must be priced as [redacted] LTV. - Seller-09/21/2023

 Resolved-2% fee allowed financed and bring ltv to [redacted] - Due Diligence Vendor-09/21/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1159635
XXXXXXX-2023-NQM5-371     D A C A A A D A Closed FVAL4940 2023-09-15 06:27 2023-09-21 11:54 Resolved 1 - Information D A Property Missing Doc Missing Homeowner's Association Questionnaire Resolved-Received condo questionaire - Due Diligence Vendor-09/21/2023

Ready for Review-Document Uploaded. Please see Condominium questionnaire in attachment - Seller-09/21/2023

Open-Condo/HOA questionnaire is missing - Due Diligence Vendor-09/15/2023		 Ready for Review-Document Uploaded. Please see Condominium questionnaire in attachment - Seller-09/21/2023

 Resolved-Received condo questionaire - Due Diligence Vendor-09/21/2023

     Condominium questionnaire.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1158347
XXXXXXX-2023-NQM5-372     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-373     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-374     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-375     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-376     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-377     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-378     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-379     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-380     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-380     D B D B A A A A Closed FCRE5116 2023-09-18 12:30 2023-09-28 09:04 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-Lender is accepting page 342-345 as the VOM. The lender name does not match the 1003 listed at [redacted] but the payment amount is same.  Accepting this VOM since lender is accepting and advised that [redacted] is same as [redacted].  Valid finding and now cleared.  - Due Diligence Vendor-09/28/2023
Ready for Review-Please, find the bank statements merged with the complete credit pkg, pp.342-345. The transaction history for the borrower's account with [redacted] reflecting a 12-month payment history for [redacted] [redacted] was used as verification of mortgage. Thank you! - Seller-09/28/2023
Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Subject property the Mortgage account with [redacted] is not reporting on the credit report. Please provide VOM for the same. - Due Diligence Vendor-09/18/2023		 Ready for Review-Please, find the bank statements merged with the complete credit pkg, pp.342-345. The transaction history for the borrower's account with [redacted] reflecting a 12-month payment history for [redacted] was used as verification of mortgage. Thank you! - Seller-09/28/2023
 Resolved-Lender is accepting page 342-345 as the VOM. The lender name does not match the 1003 listed at [redacted] but the payment amount is same.  Accepting this VOM since lender is accepting and advised that [redacted] is same as [redacted].  Valid finding and now cleared.  - Due Diligence Vendor-09/28/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1162153
XXXXXXX-2023-NQM5-381     D B D B A A A A Closed FCRE1174 2023-09-15 15:20 2023-09-15 15:20 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Exception Type:-Non-Material: Insurance
Short Description:-Condo Excludes Flood-Borrower has separate Flood Policy
Master Policy does not have Flood Insurance... HOA requires Flood to be obtained by the Homeowners (Email included) Flood Policy provided by the Borrower
Exception Page# 433 - Due Diligence Vendor-09/15/2023		   Waived-Exception Type:-Non-Material: Insurance
Short Description:-Condo Excludes Flood-Borrower has separate Flood Policy
Master Policy does not have Flood Insurance... HOA requires Flood to be obtained by the Homeowners (Email included) Flood Policy provided by the Borrower
Exception Page# 433 - Due Diligence Vendor-09/15/2023

   5 years on current job, No credit events past 48 months, No mortgage late payments in last 24 months, LTV 10% below maximum Borrower obtained Flood Insurance Equal to our Loan Amount
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1159709
XXXXXXX-2023-NQM5-382     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-383     C A A A C A A A Closed 5000880-HighCost-APR/FEES 2023-09-15 09:40 2023-09-26 09:56 Resolved 1 - Information C A Compliance Mavent HighCost: APR/FEES Resolved-Resolved - Due Diligence Vendor-09/26/2023

Ready for Review-Per compliance report merged with the complete credit pkg, p.270, the loan total points and fees are $10,689.00, which is within 5% limits. The Loan Warehousing Fee/Title-secure Document Storage ($20) were excluded from calculations. Thank you! - Seller-09/26/2023

Open-The loan fees ($10,709.00) exceed the (FED2014) (Note Amount >=$24,866.00) fee limit, which is 5% of the Total Loan Amount ($10,703.99), the difference is ($5.01). (12 CFR 1026.32). - Due Diligence Vendor-09/15/2023		 Ready for Review-Per compliance report merged with the complete credit pkg, p.270, the loan total points and fees are $10,689.00, which is within 5% limits. The Loan Warehousing Fee/Title-secure Document Storage ($20) were excluded from calculations. Thank you! - Seller-09/26/2023

 Resolved-Resolved - Due Diligence Vendor-09/26/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1158857
XXXXXXX-2023-NQM5-384     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-385     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-386     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-387     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-388     C A A A A A C A Closed FVAL3825 2023-09-11 09:43 2023-09-13 08:37 Resolved 1 - Information C A Property Property FEMA Declared Disaster Dated Prior to the Note Date, After Appraisal Date Resolved-lender reviewed and subject county is clear - Due Diligence Vendor-09/13/2023
Ready for Review-Counties affected are [redacted] - subject is on [redacted] - Seller-09/12/2023
Open-There is currently 1 active disaster declared in [redacted]. - Due Diligence Vendor-09/11/2023		 Ready for Review-Counties affected are [redacted] - subject is on [redacted] - Seller-09/12/2023

 Resolved-lender reviewed and subject county is clear - Due Diligence Vendor-09/13/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1149276
XXXXXXX-2023-NQM5-388     C B C A A A B B Closed FCRE8611 2023-09-11 12:33 2023-09-18 15:45 Resolved 1 - Information C A Credit Income/Employment Income/Employment General Resolved-lender has accepted the CPA letter as proof of VVOE - Due Diligence Vendor-09/18/2023

Ready for Review-Document Uploaded. CPA Letter provided - Seller-09/15/2023

Open-VVOE missing - Due Diligence Vendor-09/11/2023		 Ready for Review-Document Uploaded. CPA Letter provided - Seller-09/15/2023

 Resolved-lender has accepted the CPA letter as proof of VVOE - Due Diligence Vendor-09/18/2023

     1051816_CPA Letter.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1149813
XXXXXXX-2023-NQM5-389     C B C A A A B B Closed FPRO116 2023-09-11 12:30 2023-09-11 12:30 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-We need exception not to use additional 2 comps
 - Due Diligence Vendor-09/11/2023		   Waived-We need exception not to use additional 2 comps
 - Due Diligence Vendor-09/11/2023

   5 years on current job, Residual income >=$3000, DTI >=10% lower than loan program

page 902		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1149803
XXXXXXX-2023-NQM5-390     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA      
XXXXXXX-2023-NQM5-391     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-391     C B C B A A A A Closed FCRE1200 2023-09-16 14:30 2023-09-29 09:04 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-lender is ok using comment at bottom of waiver that loan amount less than 100k is ok.   - Due Diligence Vendor-09/29/2023
Counter-Closing doc part 2 only goes to page 274.  Waivers found on pages 273 and 274 both state- Please disregard the field "Type of Exception", 1 mortgage late in April
Comments Borrower has a pack of 11 files. Please approve. and show the loan amount at [redacted].  Need updated waiver - Due Diligence Vendor-09/22/2023
Ready for Review-Loan amount less than 100k was included as eligible condition into exception. Please see page 276 of "[redacted]_Closing docs part 2" - Seller-09/21/2023
Open-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $100000 - Due Diligence Vendor-09/16/2023		 Ready for Review-Loan amount less than 100k was included as eligible condition into exception. Please see page 276 of "[redacted]_Closing docs part 2" - Seller-09/21/2023

 Waived-lender is ok using comment at bottom of waiver that loan amount less than 100k is ok.   - Due Diligence Vendor-09/29/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months,
5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required
Credit Decision
Status Approved with
conditions
Conditions: 0.75 in price hit for each loan, DSCR MUST be>=1.2 for 70% LTV
(ok with LA<100k 82,600)		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1160093
XXXXXXX-2023-NQM5-391     C B C B A A A A Closed FCRE9991 2023-09-16 14:34 2023-09-22 11:18 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-updated tape received. - Due Diligence Vendor-09/22/2023

Ready for Review-Document Uploaded. Please see updated tape in attachment - Seller-09/21/2023

Counter-Incorrect.  PITIA is $1035 as there are HOA dues.  See original finding, DSCR to be updated - Due Diligence Vendor-09/20/2023

Ready for Review-PITIA for the loan is $1,000.74. Please see Final CD on page 19 of "[redacted]_Signed closing pkg"
DSCR is 2,043.75/1,000.74=2.042 - Seller-09/20/2023

Open- - DSCR calc varies from originator score of .2.04 where as calculated score of 1.97 is supported by [redacted] $2,043.75, PITIA $1,035.24. - Due Diligence Vendor-09/16/2023		 Ready for Review-Document Uploaded. Please see updated tape in attachment - Seller-09/21/2023

 Ready for Review-PITIA for the loan is $1,000.74. Please see Final CD on page 19 of "[redacted]_Signed closing pkg"
DSCR is 2,043.75/1,000.74=2.042 - Seller-09/20/2023

 Resolved-updated tape received. - Due Diligence Vendor-09/22/2023

     Data tape.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1160096
XXXXXXX-2023-NQM5-392     C B C B A A A A Closed FCRE3599 2023-09-16 14:36 2023-09-16 14:36 Waived 2 - Non-Material B B Credit Eligibility Borrower owns more financed properties than allowed per guidelines Waived-Lender granted exception for 11 properties with [redacted] - see page 274 or 273 - Due Diligence Vendor-09/16/2023   Waived-Lender granted exception for 11 properties with [redacted] - see page 274 or 273 - Due Diligence Vendor-09/16/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1160097
XXXXXXX-2023-NQM5-392     B B B B A A A A Closed FCRE8201 2023-09-18 10:08 2023-09-20 14:45 Waived 2 - Non-Material B B Credit Eligibility Loan does not conform to program guidelines Waived-Comment:- Borrower has a pack of 11 loans . Please approve
Exception form Page#248 - Due Diligence Vendor-09/20/2023		   Waived-Comment:- Borrower has a pack of 11 loans . Please approve
Exception form Page#248 - Due Diligence Vendor-09/20/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1161705
XXXXXXX-2023-NQM5-393     B B B B A A A A Closed FCRE1440 2023-09-18 09:17 2023-09-18 09:17 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Exception Type:-Material: Borrower's assets
Short Description:-Please disregard the field "type of exception". 1 mortgage late in April
Borrower has a pack of 11 files. Please approve.
Exception form Page# 249 - Due Diligence Vendor-09/18/2023		   Waived-Exception Type:-Material: Borrower's assets
Short Description:-Please disregard the field "type of exception". 1 mortgage late in April
Borrower has a pack of 11 files. Please approve.
Exception form Page# 249 - Due Diligence Vendor-09/18/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1161528
XXXXXXX-2023-NQM5-393     B B B B A A A A Closed FCRE1440 2023-09-19 08:08 2023-09-19 08:08 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Comment:- 1 mortgage late in April
Exception form: pg#247 - Due Diligence Vendor-09/19/2023		   Waived-Comment:- 1 mortgage late in April
Exception form: pg#247 - Due Diligence Vendor-09/19/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months,
5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1163685
XXXXXXX-2023-NQM5-394     B B B B A A A A Closed FCRE8201 2023-09-18 10:08 2023-09-18 10:08 Waived 2 - Non-Material B B Credit Eligibility Loan does not conform to program guidelines Waived-Comment : Borrower has a pack of 11 files. Please approve
Exception form page #246 of 247 - Due Diligence Vendor-09/18/2023		   Waived-Comment : Borrower has a pack of 11 files. Please approve
Exception form page #246 of 247 - Due Diligence Vendor-09/18/2023

   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months,
5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1161706
XXXXXXX-2023-NQM5-394     D B D A A A B B Closed FCOM4028 2023-09-22 06:33 2023-09-25 09:10 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-09/25/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-09/22/2023		   Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-09/25/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1170541
XXXXXXX-2023-NQM5-395     D B D A A A B B Closed FPRO116 2023-09-17 09:20 2023-09-17 09:20 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Exception page 820- New construction - unable to get 4th comparable within project. 3 comps acceptable.  - Due Diligence Vendor-09/17/2023   Waived-Exception page 820- New construction - unable to get 4th comparable within project. 3 comps acceptable.  - Due Diligence Vendor-09/17/2023

   No credit events past 48 months, 5+ yr credit history, Bwr contribution exceeds 5%.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1160337
XXXXXXX-2023-NQM5-396     C A C A A A A A Closed FCRE1440 2023-09-18 10:10 2023-09-22 15:40 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Documents provided clear findings - Due Diligence Vendor-09/22/2023
Ready for Review-Document Uploaded. Please find Attached Mortgage statement that confirm the Payment paid in time till 05/23 and also confirm that next due date is 06/01/2023 - Seller-09/22/2023
Open-Housing History Does Not Meet Guideline Requirements Need recent payment history for [redacted]. Last payment due is reflecting for 06/01/2023 and Closing is of : 09/2023
 - Due Diligence Vendor-09/18/2023		 Ready for Review-Document Uploaded. Please find Attached Mortgage statement that confirm the Payment paid in time till 05/23 and also confirm that next due date is 06/01/2023 - Seller-09/22/2023

 Resolved-Documents provided clear findings - Due Diligence Vendor-09/22/2023

     Borrower_ Mortgage Statement (3).pdf

Borrower_ Mortgage Statement (2).pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1161716
XXXXXXX-2023-NQM5-397     B B B B A A A A Closed FCRE6843 2023-09-18 08:45 2023-09-18 08:45 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Lender granted exception for 16 NSF - see page 279 - Due Diligence Vendor-09/18/2023   Waived-Lender granted exception for 16 NSF - see page 279 - Due Diligence Vendor-09/18/2023

   Several income sources and DTI below 45%, 5 years on current job, Residual income >=$3000, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1161404
XXXXXXX-2023-NQM5-398     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-399     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-400     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-401     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-402     C A C A A A A A Closed FCRE7009 2023-09-19 14:05 2023-09-22 11:47 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Replacement cost estimator now present - Due Diligence Vendor-09/22/2023

Ready for Review-Document Uploaded. RCE attached  - Seller-09/21/2023

Open-Dwelling coverage is less and there is no replacement cost. Can Refer pg.#693 - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded. RCE attached  - Seller-09/21/2023

 Resolved-Replacement cost estimator now present - Due Diligence Vendor-09/22/2023

     AP6M-Q6TX.4.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1164729
XXXXXXX-2023-NQM5-403     B B A A A A B B Closed FPRO116 2023-09-18 11:40 2023-09-18 11:40 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Page 740 - Exception to use appraisal transferred on 08/29/2023, page 33,  as per updated  compliance xsfer guidelines - Due Diligence Vendor-09/18/2023   Waived-Page 740 - Exception to use appraisal transferred on 08/29/2023, page 33,  as per updated  compliance xsfer guidelines - Due Diligence Vendor-09/18/2023

   No credit events past 48 months, No mtg lates last 24 months, No consumer lates last 48 months.   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1161981
XXXXXXX-2023-NQM5-404     D A D A A A A A Closed FCRE8012 2023-09-18 15:19 2023-09-22 11:49 Resolved 1 - Information D A Credit Missing Doc Missing Purchase Contract Resolved-lender is accepting escrow instruction for contract. required info is present.  - Due Diligence Vendor-09/22/2023

Ready for Review-Document Uploaded. see attached  - Seller-09/21/2023

Open-purchase contract is missing in file.
Note :- Lead-Based paint disclosure available on page #814 - Due Diligence Vendor-09/18/2023		 Ready for Review-Document Uploaded. see attached  - Seller-09/21/2023

 Resolved-lender is accepting escrow instruction for contract. required info is present.  - Due Diligence Vendor-09/22/2023

     contract.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1162579
XXXXXXX-2023-NQM5-405     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-406     B B B B A A A A Closed FCRE9802 2023-09-18 14:46 2023-09-19 15:02 Waived 2 - Non-Material B B Credit Eligibility Borrower is First Time Homebuyer and Program Does Not Allow This Waived-Borrower cannot be first time homebuyer for this program Exception :- FTHB/no ownership of property for 2 years
Comment:- Hello Team, No property ownership (DSCR). The client has a land in lease and owns a manufactured house on it, but due to land lease it won't be sufficient for property ownership (I have checked with UW). Low LTV, good credit profile. Thank you
Exception Form is on pg.# 679
 - Due Diligence Vendor-09/18/2023		   Waived-Borrower cannot be first time homebuyer for this program Exception :- FTHB/no ownership of property for 2 years
Comment:- Hello Team, No property ownership (DSCR). The client has a land in lease and owns a manufactured house on it, but due to land lease it won't be sufficient for property ownership (I have checked with UW). Low LTV, good credit profile. Thank you
Exception Form is on pg.# 679
 - Due Diligence Vendor-09/18/2023

   LTV 10% below maximum, Borrower contribution exceeds requirement >=5%, Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, Credit score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1162503
XXXXXXX-2023-NQM5-407     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-408     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-408     C A C A A A A A Closed FCRE1205 2023-09-19 10:02 2023-09-26 12:13 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-Per underwriter  It is matching up the appraisal company. This is clearly not a match as the OFAC listing is from the Ukraine. There is not a concern here - Due Diligence Vendor-09/26/2023
Open-OFAC Check Not Completed and/or Cleared On fraud guard page #274 of 380 OFAC is reading possible match .
Reason:[redacted] (Appraisal Company 1)
Matched Name Addresses
[redacted]
Program Title: IFSR; SDGT
Title:
Place of Birth: Date of Birth: - Due Diligence Vendor-09/19/2023		   Resolved-Per underwriter  It is matching up the appraisal company. This is clearly not a match as the OFAC listing is from the [redacted]. There is not a concern here - Due Diligence Vendor-09/26/2023
       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1164012
XXXXXXX-2023-NQM5-409     C A C A A A A A Closed FCRE1479 2023-09-20 12:29 2023-09-22 12:43 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved-Lender provided this assessment and has accepted this as sufficient verification for large deposit.  The large deposit in August 76,500 is a monthly distribution from the borrower’s SE business. We have LOX, wire, statement supporting this is standard business operation. Our UW felt since this wire happened same time in the prior month with the same discerption line it would be redundant to have the borrower write a second letter saying the same thing for this deposit. - Due Diligence Vendor-09/22/2023
Open-Asset Record 1 Does Not Meet G/L Requirements Large deposit found on pg.# 151 of 380 for the [redacted], Dated : 0717/2023 , Amount $92,126. Please provide an explanation for the same with the supported documents if required. - Due Diligence Vendor-09/20/2023		   Resolved-Lender provided this assessment and has accepted this as sufficient verification for large deposit.  The large deposit in August 76,500 is a monthly distribution from the borrower’s SE business. We have LOX, wire, statement supporting this is standard business operation. Our UW felt since this wire happened same time in the prior month with the same discerption line it would be redundant to have the borrower write a second letter saying the same thing for this deposit. - Due Diligence Vendor-09/22/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1166787
XXXXXXX-2023-NQM5-410     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-411     B B B B A A A A Closed FCRE1444 2023-09-18 17:25 2023-09-18 17:25 Waived 2 - Non-Material B B Credit Borrower Credit report incomplete Waived-Exception on page 12

Borrower has 1 credit score and has provided alternative tradelines. If needed borrower can also provide utilities as other alternative tradelines. For the NSF's the borrower has 4 in a 12 month period. Lastly, there was a second new bank account that was opened in March of this year and does not have a complete 12 months as
it is new. It is also where the income has been deposited since march. 12 months of the old bank account have been provided as well as all bank statements from the newly opened account since march,


Approved with conditions of counter to Prime, +0.25 to the rate - Due Diligence Vendor-09/18/2023		   Waived-Exception on page 12

Borrower has 1 credit score and has provided alternative tradelines. If needed borrower can also provide utilities as other alternative tradelines. For the NSF's the borrower has 4 in a 12 month period. Lastly, there was a second new bank account that was opened in March of this year and does not have a complete 12 months as
it is new. It is also where the income has been deposited since march. 12 months of the old bank account have been provided as well as all bank statements from the newly opened account since march,


Approved with conditions of counter to Prime, +0.25 to the rate - Due Diligence Vendor-09/18/2023

   Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, 10 years or more in same line of
employment, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution exceeds requirement
>=5%
alternative tradelines have been provided and utilities can be provided as more alternative tradelines.		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1162713
XXXXXXX-2023-NQM5-411     C B C B A A A A Closed FCRE1194 2023-09-19 10:00 2023-09-26 15:16 Waived 2 - Non-Material C B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Exception granted:  Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Investment Loan> Borrower's FICO: [redacted] > purchase : PUD > Max LTV: [redacted] - Due Diligence Vendor-09/26/2023

Ready for Review-Document Uploaded. Please find Exception form attached - Seller-09/26/2023

Counter-Exception form uploaded does not address ltv issue.   The memo does but need the exception form to reflect issue - Due Diligence Vendor-09/22/2023

Ready for Review-Document Uploaded. Please find response from Lock Desk department - Seller-09/22/2023

Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Investment Loan> Borrower's FICO: [redacted] > purchase : PUD > Max LTV: [redacted] - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded. Please find Exception form attached - Seller-09/26/2023

 Ready for Review-Document Uploaded. Please find response from Lock Desk department - Seller-09/22/2023

 Waived-Exception granted:  Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Investment Loan> Borrower's FICO: [redacted] > Purchase : PUD > Max LTV: [redacted] - Due Diligence Vendor-09/26/2023

   5 years on current job, No credit events past 48 months, 5+ years credit history 177933426_Exception Form 09-14-2023_20230921184812.pdf

Re_ 1051937 Nguyen.pdf

184098882_Exception Form 09-14-2023_20230926151535.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Post-Close Yes 1164007
XXXXXXX-2023-NQM5-412     C B C B A A A A Closed FCRE2515 2023-09-19 10:04 2023-09-19 10:04 Waived 2 - Non-Material B B Credit Eligibility Credit history does not meet guidelines Waived-Exception Type
Material: Credit report
Short Description : 1x30x12 on Super Prime unintentional late, corrected (paid) as soon as the late appeared.

Exception form page # 96 of 200 - Due Diligence Vendor-09/19/2023		   Waived-Exception Type
Material: Credit report
Short Description : 1x30x12 on Super Prime unintentional late, corrected (paid) as soon as the late appeared.

Exception form page # 96 of 200 - Due Diligence Vendor-09/19/2023

   5 years on current job, No credit events past 48 months, 5+ years credit history   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1164017
XXXXXXX-2023-NQM5-413     D A D A A A A A Closed FCOM4028 2023-09-19 07:46 2023-09-22 11:50 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-09/22/2023

Ready for Review-Loan was made in less than 60 days - Seller-09/21/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-09/19/2023		 Ready for Review-Loan was made in less than 60 days - Seller-09/21/2023

 Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-09/22/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1163605
XXXXXXX-2023-NQM5-414     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-415     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-415     D A D A A A C A Closed FPRO1245 2023-09-12 13:26 2023-09-22 08:39 Resolved 1 - Information C A Property Appraisal Appraisal is Expired Resolved-Primary Value Appraisal is Not Expired Or Primary Valuation Does Not Exist - Due Diligence Vendor-09/22/2023

Resolved-Document uploaded clears the finding - Due Diligence Vendor-09/22/2023

Ready for Review-Document Uploaded. re-inspection report re-uploaded  - Seller-09/21/2023

Counter-document is corrupted and will not open - Due Diligence Vendor-09/20/2023

Ready for Review-Document Uploaded. Please review re-uploaded report  - Seller-09/19/2023

Counter-missing copy of 8/11 appraisal referenced in comment.  please upload. - Due Diligence Vendor-09/15/2023

Ready for Review-Most recent appraisal in file is dated 08/11/2023.We are good with appraisal dates, file was closed 08/31/2023 - Seller-09/14/2023

Open-Primary Value Appraisal is Expired appraisal dated 4/11/2023 - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded. re-inspection report re-uploaded  - Seller-09/21/2023

 Ready for Review-Document Uploaded. Please review re-uploaded report  - Seller-09/19/2023

 Ready for Review-Most recent appraisal in file is dated 08/11/2023.We are good with appraisal dates, file was closed 08/31/2023 - Seller-09/14/2023

 Resolved-Primary Value Appraisal is Not Expired Or Primary Valuation Does Not Exist - Due Diligence Vendor-09/22/2023

 Resolved-Document uploaded clears the finding - Due Diligence Vendor-09/22/2023

     1051412_appraisal re-inspection.pdf

1051412_appraisal re-inspection.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1152580
XXXXXXX-2023-NQM5-416     D A D A A A C A Closed FCRE1158 2023-09-12 13:38 2023-09-20 16:13 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-mortgagee correct now - Due Diligence Vendor-09/20/2023

Ready for Review-Document Uploaded. Please review uploaded update dinsurance - Seller-09/19/2023

Open-ATIMA is missing from mortgagee - Due Diligence Vendor-09/12/2023		 Ready for Review-Document Uploaded. Please review uploaded update dinsurance - Seller-09/19/2023

 Resolved-mortgagee correct now - Due Diligence Vendor-09/20/2023

     1051412_updated insurance.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1152624
XXXXXXX-2023-NQM5-417     B B B B A A A A Closed FCRE2515 2023-09-19 14:38 2023-09-19 14:38 Waived 2 - Non-Material B B Credit Eligibility Credit history does not meet guidelines Waived-Exception Type
Material: Credit report
Short Description : Loan modification 10/15/2022 due to hurricane
Comments :
Hello Team! Due to Hurricane Ian hit [redacted] in 2022 and getting affected by it, the borrower agreed on deferring payments on his mortgage for some time. The borrower's profile is great, financially stable and reliable. Please allow us to proceed and save this deal. All documents in these regards incl. the borrower's LOX are enclosed. Thank you!

Exception page # 606  - Due Diligence Vendor-09/19/2023		   Waived-Exception Type
Material: Credit report
Short Description : Loan modification 10/15/2022 due to hurricane
Comments :
Hello Team! Due to Hurricane Ian hit [redacted] in 2022 and getting affected by it, the borrower agreed on deferring payments on his mortgage for some time. The borrower's profile is great, financially stable and reliable. Please allow us to proceed and save this deal. All documents in these regards incl. the borrower's LOX are enclosed. Thank you!

Exception page # 606  - Due Diligence Vendor-09/19/2023

   Several income sources and DTI below 45%, Revolving debt is under 30%, 5 years on current job, Residual income >=$3000, DTI >=10% lower than loan program, 10 years or more in same line of employment, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, LTV 10% below maximum, Credit score >40 points than minimum required, Reserves>6 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1164814
XXXXXXX-2023-NQM5-417     D B D B A A D A Closed FCRE1258 2023-09-20 11:46 2023-09-26 10:10 Resolved 1 - Information D A Credit Missing Doc Collateral Underwriter Missing Resolved-AVM now present. and supports. - Due Diligence Vendor-09/26/2023

Ready for Review-Document Uploaded. Please, find the UCDPs and the AVM attached. Thank you! - Seller-09/26/2023

Open-Collateral Underwriter Missing UCDP SSR document for CU score to confirm is missing. - Due Diligence Vendor-09/21/2023		 Ready for Review-Document Uploaded. Please, find the UCDPs and the AVM attached. Thank you! - Seller-09/26/2023

 Resolved-AVM now present. and supports. - Due Diligence Vendor-09/26/2023

     Appraisal-SSR_FHLMC.pdf

Appraisal-SSR_FNMA.pdf

Appraisal-AVM.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1166632
XXXXXXX-2023-NQM5-417     D B D B A A D A Closed FPRO1242 2023-09-20 10:39 2023-09-26 10:09 Resolved 1 - Information D A Property Missing Doc Appraisal is Missing Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-09/26/2023

Ready for Review-Document Uploaded. Please, find the Appraisal report and related documentation attached. Thank you! - Seller-09/26/2023

Open-Appraisal is Missing - Due Diligence Vendor-09/20/2023		 Ready for Review-Document Uploaded. Please, find the Appraisal report and related documentation attached. Thank you! - Seller-09/26/2023

 Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-09/26/2023

     Appraisal-Certificate_of_Compliance_or_Appraiser_Independence (2).pdf

Appraisal-Certificate_of_Compliance_or_Appraiser_Independence.pdf

Appraisal-Report_1.pdf

Appraisal-Misc_description.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1166403
XXXXXXX-2023-NQM5-418     D B D B A A D A Closed FCRE7532 2023-09-20 11:55 2023-09-21 10:51 Waived 2 - Non-Material B B Credit Eligibility Qualifying Credit Score does not meet eligibility requirement(s) Waived-Comments : [redacted] LTV with [redacted] FICO as opposed to 700 FICO (5 points short).
File #2 for this borrower. Credit and exception form for other file attached.
Exception form page # 1194 - Due Diligence Vendor-09/20/2023		   Waived-Comments : [redacted] LTV with [redacted] FICO as opposed to 700 FICO (5 points short).
File #2 for this borrower. Credit and exception form for other file attached.
Exception form page # 1194 - Due Diligence Vendor-09/20/2023

   5 years on current job, DTI >=10% lower than loan program, 10 years or more in same line of employment, No credit events past 48
months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Other:
specify below		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1166673
XXXXXXX-2023-NQM5-419     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-419     C B C A A A B B Closed FCRE1491 2023-09-20 16:33 2023-10-10 13:24 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-EMD addressed and proof came from 1031 - Due Diligence Vendor-10/10/2023

Ready for Review-Document Uploaded. Hello team, please note there is note EMD evidence since this funds come from a 1031 Exchange, if you read this note you will understand it. they $ 7000 was deducted from those proceeds.

 - Seller-10/10/2023

Open-Asset Qualification Does Not Meet Guideline Requirements EMD for $7,000 - deduction proof is missing.
Guide Note: - Earnest Money/down payment deposits must be verified with an Escrow letter from a Third party – (i.e., Title/Escrow company and not related to seller/builder) plus copies of cancelled escrow checks and/or wires ***along with evidence the funds have cleared the borrower’s account.*** - Due Diligence Vendor-09/20/2023		 Ready for Review-Document Uploaded. Hello team, please note there is note EMD evidence since this funds come from a 1031 Exchange, if you read this note you will understand it. they $ 7000 was deducted from those proceeds.

 - Seller-10/10/2023

 Resolved-EMD addressed and proof came from 1031 - Due Diligence Vendor-10/10/2023

     1050757 EMD.pdf

1050757 CD HUD.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1167465
XXXXXXX-2023-NQM5-420     C B C A A A B B Closed FPRO116 2023-09-19 15:25 2023-09-20 16:38 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Exception Type Material: Appraisal
Short Description 38 acres rural
Comments Hi Team, need an exception on rural property with 38 acres
Exception form is on page #221. - Due Diligence Vendor-09/19/2023		   Waived-Exception Type Material: Appraisal
Short Description 38 acres rural
Comments Hi Team, need an exception on rural property with 38 acres
Exception form is on page #221. - Due Diligence Vendor-09/19/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months,
Credit score >40 points than minimum required.
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1164934
XXXXXXX-2023-NQM5-421     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-421     B B B B A A B B Closed FVAL9739 2023-09-13 10:23 2023-09-13 10:23 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Lender granted exception for the bird dropping on property - see page 229 - Due Diligence Vendor-09/13/2023   Waived-Lender granted exception for the bird dropping on property - see page 229 - Due Diligence Vendor-09/13/2023

   Several income sources and DTI below 45%, 5 years on current job, LTV 10% below maximum.    Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1154569
XXXXXXX-2023-NQM5-422     B B B B A A B B Closed FCRE6843 2023-09-13 10:22 2023-09-13 10:22 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Lender granted exception for switching bank accounts during the 12 months - see page 228 - Due Diligence Vendor-09/13/2023   Waived-Lender granted exception for switching bank accounts during the 12 months - see page 228 - Due Diligence Vendor-09/13/2023

   5 years on current job, No credit events past 48 months, LTV 10% below maximum   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1154566
XXXXXXX-2023-NQM5-423     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-424     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-425     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-426     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-426     C A C A A A A A Closed FCRE1491 2023-09-13 10:54 2023-09-19 08:47 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-July now present - Due Diligence Vendor-09/19/2023
Ready for Review-Document Uploaded. see attached - Seller-09/19/2023
Counter-this is the August statement which is already in file.  We need the June to July ending statement - Due Diligence Vendor-09/18/2023
Ready for Review-Document Uploaded. Please review uploaded [redacted] July statement. - Seller-09/15/2023
Open-Asset Qualification Does Not Meet Guideline Requirements missing July [redacted] account statement for [redacted] - Due Diligence Vendor-09/13/2023		 Ready for Review-Document Uploaded. see attached - Seller-09/19/2023

 Ready for Review-Document Uploaded. Please review uploaded Chase July statement. - Seller-09/15/2023

 Resolved-July now present - Due Diligence Vendor-09/19/2023

     1053317_chase st_6760 july.pdf

June 28-July 27 acct 6760 acct statement .pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1154649
XXXXXXX-2023-NQM5-426     C A C A A A A A Closed FCRE1166 2023-09-13 10:44 2023-09-14 13:11 Resolved 1 - Information C A Credit Insurance Hazard Insurance Coverage is less than all Subject Lien(s) Resolved-coverage accepted by Lender - Due Diligence Vendor-09/14/2023

Ready for Review-Has additional $63,000 extended coverage: [redacted] offers industry-standard coverage in addition to several types of optional coverage to round out your homeowners insurance plan. Type. Description. Dwelling + dwelling extension. Covers your home's structure, both interior and exterior - Seller-09/13/2023

Open-Hazard Insurance Coverage Amount of $632000 is less than Total Amount of Subject Lien(s) of $640000.0 cost estimator not in file. - Due Diligence Vendor-09/13/2023		 Ready for Review-Has additional $63,000 extended coverage: [redacted] offers industry-standard coverage in addition to several types of optional coverage to round out your homeowners insurance plan. Type. Description. Dwelling + dwelling extension. Covers your home's structure, both interior and exterior - Seller-09/13/2023

 Resolved-coverage accepted by Lender - Due Diligence Vendor-09/14/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1154629
XXXXXXX-2023-NQM5-426     C A C A A A A A Closed FCRE9991 2023-09-13 10:57 2023-09-14 13:11 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-[redacted] Now present and DSCR matches and is over 1 - Due Diligence Vendor-09/14/2023

Ready for Review-Document Uploaded. See attached  - Seller-09/13/2023

Open-DSCR is .56  PITIA is $6244.74/3500 rents from 1003.  Taxes are higher than lender calculated as tax cert page 405 has $10352/ annually.  Rents match 1007 and final 1003 - Due Diligence Vendor-09/13/2023		 Ready for Review-Document Uploaded. See attached  - Seller-09/13/2023

 Resolved-[redacted] Now present and DSCR matches and is over 1 - Due Diligence Vendor-09/14/2023

     AirDNA.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1154653
XXXXXXX-2023-NQM5-427     C A C A A A A A Closed FCRE8860 2023-09-13 10:59 2023-09-14 13:11 Resolved 1 - Information C A Credit Income/Employment Audited DSCR does not meet guidelines requirements Resolved-[redacted] Now present and DSCR matches and is over 1 - Due Diligence Vendor-09/14/2023

Ready for Review-Document Uploaded. Please see attached [redacted], DSCR score should be over 1 - Seller-09/13/2023

Open-minimum score is 1 for [redacted] LTV - Due Diligence Vendor-09/13/2023		 Ready for Review-Document Uploaded. Please see attached [redacted], DSCR score should be over 1 - Seller-09/13/2023

 Resolved-[redacted] Now present and DSCR matches and is over 1 - Due Diligence Vendor-09/14/2023

     AirDNA.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1154659
XXXXXXX-2023-NQM5-428     B B B B A A A A Closed FCRE6843 2023-09-20 10:00 2023-09-20 10:00 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception on page 7

Borrower has 14 NSFs in 12m

Approved with conditions +0.5 to the rate, [redacted] ltv max - Due Diligence Vendor-09/20/2023		   Waived-Exception on page 7

Borrower has 14 NSFs in 12m

Approved with conditions +0.5 to the rate, [redacted] ltv max - Due Diligence Vendor-09/20/2023

   DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1166270
XXXXXXX-2023-NQM5-428     C B B B C B B B Closed 27830-33820 2023-09-20 17:22 2023-10-02 08:17 Acknowledged 2 - Non-Material C B Compliance Broker:LimitFees Tennessee - Max Broker Fees (RLBSA) Acknowledged-Originator applied standard Fed guidelines which they feel falls within the industry standard range can be considered a “fair and reasonable” compensation. - Due Diligence Vendor-10/02/2023

Ready for Review-Document Uploaded. Please see the response form our Compliance: Mortgage broker fees of up to 3% BPC and 2.[redacted] LPC are customary industry compensation limits. In addition, our guidelines regarding broker compensation are directly tied to the federal QM points and fees rule as well as GSE guidance. As there is a 3% limit on points and fees for QM files as well as a 5% high cost limit, as long as the total points and fees on the file fall below these limits, any broker compensation that falls within the industry standard range can be considered a “fair and reasonable” compensation. - Seller-09/25/2023

Open-Under the [redacted] Residential Lending, Brokerage, and Servicing Act, the total of all of the fees paid by the Borrower to the Broker may not exceed 2% of the loan amount. ([redacted]. Code Ann. 47-14-113(c); [redacted] ADC 0180-17-.07(2)) na - Due Diligence Vendor-09/20/2023		 Ready for Review-Document Uploaded. Please see the response form our Compliance: Mortgage broker fees of up to 3% BPC and 2.[redacted] LPC are customary industry compensation limits. In addition, our guidelines regarding broker compensation are directly tied to the federal QM points and fees rule as well as GSE guidance. As there is a 3% limit on points and fees for QM files as well as a 5% high cost limit, as long as the total points and fees on the file fall below these limits, any broker compensation that falls within the industry standard range can be considered a “fair and reasonable” compensation. - Seller-09/25/2023

 Acknowledged-Originator applied standard Fed guidelines which they feel falls within the industry standard range can be considered a “fair and reasonable” compensation. - Due Diligence Vendor-10/02/2023

     Screenshot 2023-09-25 210742.png

Screenshot 2023-09-25 210810.png		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Post-Close No 1167539
XXXXXXX-2023-NQM5-428     C B B B C B B B Closed FCRE1174 2023-09-20 16:54 2023-09-20 16:54 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Exception Type:-Material: Insurance
Short Description:-Waive condition for HOA wind & hail coverage
Good afternoon credit committee. We are requesting the condition requirement for HOA to provide wind & hail coverage. After broker spoke to personal insurance company(HOI), they mentioned they don’t do that, and it has to come from the Master insurance provider. After speaking with the master insurance company, they also do not provide that coverage. Please waive requirement for the wind & hail coverage. Thank you for your
consideration.
Exception Page# 2 of 100
 - Due Diligence Vendor-09/20/2023		   Waived-Exception Type:-Material: Insurance
Short Description:-Waive condition for HOA wind & hail coverage
Good afternoon credit committee. We are requesting the condition requirement for HOA to provide wind & hail coverage. After broker spoke to personal insurance company(HOI), they mentioned they don’t do that, and it has to come from the Master insurance provider. After speaking with the master insurance company, they also do not provide that coverage. Please waive requirement for the wind & hail coverage. Thank you for your
consideration.
Exception Page# 2 of 100
 - Due Diligence Vendor-09/20/2023

   Several income sources and DTI below 45%, 5 years on current job, DTI >=10% lower than loan program, 10 years or more in same line of employment, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Reserves>6 months
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1167507
XXXXXXX-2023-NQM5-429     C B B B C B B B Closed FVAL9739 2023-09-20 16:51 2023-09-20 16:51 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type :-Material: Appraisal, Property characteristics
Short Description:-Appraisal and condo review exceptions
Good day credit committee. Frist request is to allow appraisal that is older than 60 days from submission, but within the 120 days of completion. Second request is to waive condo requirements of no more than 1 person/entity owning more than 2+ units with less than 20-unit building. Conditions attached along with appraisal. Thank you for your consideration.
Exception Page#1 of 100 - Due Diligence Vendor-09/20/2023		   Waived-Exception Type :-Material: Appraisal, Property characteristics
Short Description:-Appraisal and condo review exceptions
Good day credit committee. Frist request is to allow appraisal that is older than 60 days from submission, but within the 120 days of completion. Second request is to waive condo requirements of no more than 1 person/entity owning more than 2+ units with less than 20-unit building. Conditions attached along with appraisal. Thank you for your consideration.
Exception Page#1 of 100 - Due Diligence Vendor-09/20/2023

   5 years on current job, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, LTV 10% below maximum
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1167501
XXXXXXX-2023-NQM5-430     C A C A A A A A Closed FCRE1198 2023-09-20 13:58 2023-09-26 10:26 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-lender explained wires and application to final CD.  borrower received cash back in addition - reserves are now met. - Due Diligence Vendor-09/26/2023
Resolved-Audited Reserves of 12.02 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-09/26/2023
Ready for Review-Please refer to page 1 of signed closing package -a wire confirmation for [redacted] from sale of [redacted] was on file. At closing borrower was receiving funds back in amount of $6,921.13(refer to final CD page 22 of signed closing package) plus borrower had available funds per account [redacted] in amount of $4127.35. A wire confirmation was provided on [redacted] confirming receipt of $265,000 from [redacted] to [redacted] (page 101 of credit package ). - Seller-09/25/2023
Open-Audited Reserves of 1.32 month(s) are less than Guideline Required Reserves of 3 month(s) 1003 states proof of bank statement through september 10th, not provided in PDF, so cannot prove bank account has enough for reserves

Assets only provided through august 10th. - Due Diligence Vendor-09/20/2023		 Ready for Review-Please refer to page 1 of signed closing package -a wire confirmation for [redacted] from sale of [redacted] was on file. At closing borrower was receiving funds back in amount of $6,921.13(refer to final CD page 22 of signed closing package) plus borrower had available funds per account [redacted] in amount of $4127.35. A wire confirmation was provided on [redacted] confirming receipt of $265,000 from [redacted] to [redacted](page 101 of credit package ). - Seller-09/25/2023
 Resolved-lender explained wires and application to final CD.  borrower received cash back in addition - reserves are now met. - Due Diligence Vendor-09/26/2023

 Resolved-Audited Reserves of 12.02 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-09/26/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1167095
XXXXXXX-2023-NQM5-431     C A C A A A A A Closed FCRE1167 2023-09-20 14:56 2023-10-04 14:43 Resolved 1 - Information C A Credit Insurance Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s)and Replacement Cost Estimator by Insurer was not Provided Resolved-replacement cost estimator now present. - Due Diligence Vendor-10/04/2023
Ready for Review-Document Uploaded. Please review uploaded page provided form insurance agent confirming replacement cost up to stated value - Seller-10/04/2023
Open-Replacement cost is not provided on HOI policy and dwelling amount is $90,000 and it is not sufficient.
Note : Can refer  Pg. no. 429 of 526 Improvements look to be valued at $153,626 and loan amount is [redacted] - Due Diligence Vendor-09/20/2023		 Ready for Review-Document Uploaded. Please review uploaded page provided form insurance agent confirming replacement cost up to stated value - Seller-10/04/2023

 Resolved-replacement cost estimator now present. - Due Diligence Vendor-10/04/2023

     1051406 _Kevin Knopp Checklist of Coverage.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1167249
XXXXXXX-2023-NQM5-432     B B B B A A A A Closed FCRE8611 2023-09-21 13:21 2023-09-21 13:22 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-This exception is for a borrower that has 15 NSF on the bank statements that are being used for income calculations. Exception form is on page #681 - Due Diligence Vendor-09/21/2023   Waived-This exception is for a borrower that has 15 NSF on the bank statements that are being used for income calculations. Exception form is on page #681 - Due Diligence Vendor-09/21/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, Reserves>6 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Refinance Cash Out - Other Originator Pre-Close Yes 1169395
XXXXXXX-2023-NQM5-433     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-434     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-435     B B B B A A A A Closed FCRE1491 2023-09-21 15:50 2023-09-25 11:56 Waived 2 - Non-Material B B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Asset Qualification Does Not Meet Guideline Requirements Exception type : -Material: Borrower's assets
Comment & Short Description :-Borrower needs gift for investment purchase: The client has $92,034.02.in their business account
*Credit decision :- Conditions: +0.25 to the rate, 72% cltv max, gift not to exceed $143,500
Exception Form on Pg. no 761 - Due Diligence Vendor-09/21/2023		   Waived-Asset Qualification Does Not Meet Guideline Requirements Exception type : -Material: Borrower's assets
Comment & Short Description :-Borrower needs gift for investment purchase: The client has $92,034.02.in their business account
*Credit decision :- Conditions: +0.25 to the rate, [redacted] cltv max, gift not to exceed $143,500
Exception Form on Pg. no 761 - Due Diligence Vendor-09/21/2023

   Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, No mortgage late payments in last 24
months
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1169831
XXXXXXX-2023-NQM5-435     B B B B A A A A Closed FCRE8611 2023-09-21 07:45 2023-09-21 08:20 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Approved Exception page 725 - Bank stmt loan - GL allows 3 maximum NSF's in a 12 month period. Bwr has 5.  - Due Diligence Vendor-09/21/2023   Waived-Approved Exception page 725 - Bank stmt loan - GL allows 3 maximum NSF's in a 12 month period. Bwr has 5.  - Due Diligence Vendor-09/21/2023

   DTI > 10% below program maximum,  No mortgage lates last 24 months, Credit score >40 points above program minimum.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1168314
XXXXXXX-2023-NQM5-436     B B B B A A A A Closed FCRE1437 2023-09-21 07:42 2023-09-21 07:42 Waived 2 - Non-Material B B Credit Income/Employment Income and Employment Do Not Meet Guidelines Waived-Income and Employment Do Not Meet Guidelines Exception page 726 - Non borrower (spouse) is on bottom of bank statements but not on loan- LOE from spouse states she is only on stmts for emergency and makes no deposits in that account - Page 56 LOE. - Due Diligence Vendor-09/21/2023   Waived-Income and Employment Do Not Meet Guidelines Exception page 726 - Non borrower (spouse) is on bottom of bank statements but not on loan- LOE from spouse states she is only on stmts for emergency and makes no deposits in that account - Page 56 LOE. - Due Diligence Vendor-09/21/2023

   DTI > 10% below program maximum, No credit events past 48 months, No mortgage lates last 24 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1168308
XXXXXXX-2023-NQM5-437     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-438     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-439     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-439     B B B B A A A A Closed FCRE7805 2023-09-21 13:54 2023-09-21 13:54 Waived 2 - Non-Material B B Credit Missing Doc Missing Income - Bank Statements Waived-Exception on page 176

Borrower has 1 BS with 12 months and the exception for allow to use additional BS with 8 months

Approved with conditions 0.25 to the rate - Due Diligence Vendor-09/21/2023		   Waived-Exception on page 176

Borrower has 1 BS with 12 months and the exception for allow to use additional BS with 8 months

Approved with conditions 0.25 to the rate - Due Diligence Vendor-09/21/2023

   5+ years credit history, Reserves>6 months, Other: specify below
4 years same line of work
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1169499
XXXXXXX-2023-NQM5-440     B B B B A A A A Closed FCRE1194 2023-09-21 13:52 2023-09-21 13:52 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV of [redacted] exceeds Guideline LTV of 60% Exception on page 175

Broker requested LTV [redacted] for a prime borrower

Approved with conditions +0.25 to the rate, [redacted] ltv max - Due Diligence Vendor-09/21/2023		   Waived-Audited LTV of [redacted] exceeds Guideline LTV of 60% Exception on page 175

Broker requested LTV [redacted] for a prime borrower

Approved with conditions +0.25 to the rate, [redacted] ltv max - Due Diligence Vendor-09/21/2023

   Residual income >=$3000, DTI >=10% lower than loan program, Reserves>6 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1169494
XXXXXXX-2023-NQM5-441     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-442     B B B B A A A A Closed FCRE1200 2023-09-21 17:04 2023-09-21 17:04 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of [redacted] Short Description Value reduced to [redacted] even with appraisal [redacted] Loan amount at [redacted] LTV [redacted].00
Comments: Please reduce the LA with minimal hit .
Exception form is on page #77 of 82 - Due Diligence Vendor-09/21/2023		   Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of [redacted] Short Description Value reduced to [redacted] even with appraisal [redacted] Loan amount at [redacted] LTV [redacted].00
Comments: Please reduce the LA with minimal hit .
Exception form is on page #77 of 82 - Due Diligence Vendor-09/21/2023

   DSCR=> 1.3 , No credit events past 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1169916
XXXXXXX-2023-NQM5-443     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-444     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-445     B B A A A A B B Closed FVAL9739 2023-09-22 09:17 2023-09-25 10:20 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Appraisal : New construction condo no 4th comparable available
Exception form : pg.#64 - Due Diligence Vendor-09/22/2023		   Waived-Appraisal : New construction condo no 4th comparable available
Exception form : pg.#64 - Due Diligence Vendor-09/22/2023

   DTI>=10% lower than loan program, no credit events past 48 months, borrower contribution exceeds requirement>=5%   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA Originator Pre-Close Yes 1170979
XXXXXXX-2023-NQM5-446     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-447     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-448     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-448     C B C A A A B B Closed FCRE9806 2023-09-22 10:20 2023-10-06 11:01 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-page 3 present - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. please see attached full final CD - Seller-10/06/2023

Open- - missing page 3 of the final CD - Due Diligence Vendor-09/22/2023		 Ready for Review-Document Uploaded. please see attached full final CD - Seller-10/06/2023

 Resolved-page 3 present - Due Diligence Vendor-10/06/2023

     1047660_closing disclosure.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1171176
XXXXXXX-2023-NQM5-448     C B C A A A B B Closed FCRE9991 2023-09-22 10:16 2023-10-06 11:00 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-1008 updated and DTI now matches at 22.10 - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Revised 1008, approval letter and tape attached - Seller-10/06/2023

Open-1008 DTI 27.[redacted]  Audited DTI 22.10%  difference is balance monthly Amex account with a balance of $1078. The 1008 and final 1003 are including this payment in the DTI.  - Due Diligence Vendor-09/22/2023		 Ready for Review-Document Uploaded. Revised 1008, approval letter and tape attached - Seller-10/06/2023

 Resolved-1008 updated and DTI now matches at 22.10 - Due Diligence Vendor-10/06/2023

     1047660 - Cedeno Del Sol - Revised 1008.pdf

1047660 - Cedeno Del Sol - Revised approval letter.pdf

Tape NON QM Sep23 loans 9-14 revised.xlsx		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1171156
XXXXXXX-2023-NQM5-448     C B C A A A B B Closed FPRO116 2023-09-22 10:20 2023-09-22 10:20 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Lender granted exception for The subject property is Manufactured, Rural and the neighborhood is under 25% built up. - see page 573 - Due Diligence Vendor-09/22/2023   Waived-Lender granted exception for The subject property is Manufactured, Rural and the neighborhood is under 25% built up. - see page 573 - Due Diligence Vendor-09/22/2023

   DSCR=> 1.3 , No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1171173
XXXXXXX-2023-NQM5-449     C B C A A A B B Closed FVAL9739 2023-09-22 10:19 2023-09-22 10:19 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Lender granted exception for 1007 only includes an estimate of market rent and does not include any comparable properties - see page 572 - Due Diligence Vendor-09/22/2023   Waived-Lender granted exception for 1007 only includes an estimate of market rent and does not include any comparable properties - see page 572 - Due Diligence Vendor-09/22/2023

   Residual income >=$3000, DTI >=10% lower than loan program, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1171170
XXXXXXX-2023-NQM5-450     D A D A A A A A Closed FCRE1158 2023-09-16 11:27 2023-09-20 12:43 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Mortgagee clause has been corrected  - Due Diligence Vendor-09/20/2023

Ready for Review-Document Uploaded. Please see attached corrected HOI - Seller-09/19/2023

Open- - mortgagee is missing  ATIMA/ISAOA  - Due Diligence Vendor-09/16/2023		 Ready for Review-Document Uploaded. Please see attached corrected HOI - Seller-09/19/2023

 Resolved-Mortgagee clause has been corrected  - Due Diligence Vendor-09/20/2023

     CORRECTED HOI.PDF ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1160073
XXXXXXX-2023-NQM5-451     B B A A A A B B Closed FPRO116 2023-09-17 07:53 2023-09-17 07:53 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Page 174 - Exception for Master Insurance policy which has a [redacted] replacement value cost with a co-insurer. - Due Diligence Vendor-09/17/2023   Waived-Page 174 - Exception for Master Insurance policy which has a [redacted] replacement value cost with a co-insurer. - Due Diligence Vendor-09/17/2023

   Revolving debt under 30%, Residual Income > $3K, DTI > 10% below program maximum, 10+ years same line of employment, 5+ yr credit history, Reserves > 6 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1160305
XXXXXXX-2023-NQM5-452     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-453     C A A A C A A A Closed 5000640-License-Loan Originator 2023-09-22 11:22 2023-09-26 10:54 Resolved 1 - Information C A Compliance Mavent License: Loan Originator Resolved-satellite office.  - Due Diligence Vendor-09/26/2023
Ready for Review-Document Uploaded. Please review uploaded NMLS search .LO is authorized to represent [redacted]with nmls id [redacted] - Seller-09/25/2023
Open-A relationship between [redacted] (NMLS ID: [redacted]) and the company (Company NMLS ID: [redacted]) does not exist in the NMLS as of 2023-09-12.  However, other relationship(s) were found in the NMLS for this individual and may be found in the NMLS Info section. Verified NMLS. - Due Diligence Vendor-09/22/2023		 Ready for Review-Document Uploaded. Please review uploaded NMLS search .LO is authorized to represent [redacted]with nmls id [redacted] - Seller-09/25/2023

 Resolved-satellite office.  - Due Diligence Vendor-09/26/2023

     1052021_Consumer Access - Individual.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1171326
XXXXXXX-2023-NQM5-454     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-455     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-456     C A A A C A A A Closed FCOM9967 2023-09-23 11:13 2023-09-26 15:19 Resolved 1 - Information C A Compliance TRID TRID: Loan Estimate Deficiency Resolved-Received proof of electronic delivery - Due Diligence Vendor-09/26/2023

Ready for Review-Document Uploaded. Hello, please find attached.  - Seller-09/26/2023

Open-Provide evidence LE 09/08/2023 was sent electronically, - Due Diligence Vendor-09/23/2023		 Ready for Review-Document Uploaded. Hello, please find attached.  - Seller-09/26/2023

 Resolved-Received proof of electronic delivery - Due Diligence Vendor-09/26/2023

     image.png Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1172370
XXXXXXX-2023-NQM5-457     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-458     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-459     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-460     B B A A A A B B Closed FVAL9739 2023-09-22 16:21 2023-09-25 13:13 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type:-Material: Property characteristics
Short Description :-Rural property with ADU (subject has a barn outbuilding and is considered rural per guidelines). Appraisal marked Suburban. Approved exception form required for the following: Rural property with ADU (subject has a barn outbuilding and is considered rural per guidelines).Appraisal marked suburban only because of the Barn
Exception Page# 82 - Due Diligence Vendor-09/22/2023		   Waived-Exception Type:-Material: Property characteristics
Short Description :-Rural property with ADU (subject has a barn outbuilding and is considered rural per guidelines). Appraisal marked Suburban. Approved exception form required for the following: Rural property with ADU (subject has a barn outbuilding and is considered rural per guidelines).Appraisal marked suburban only because of the Barn
Exception Page# 82 - Due Diligence Vendor-09/22/2023

   LTV 10% below maximum, No credit events past 48 months, No mortgage late payments in last 24 months very low LTV, High FICO   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1172015
XXXXXXX-2023-NQM5-461     D A D A A A A A Closed FCRE1764 2023-09-25 16:59 2023-09-28 09:25 Resolved 1 - Information D A Credit Missing Doc Missing Verification of Mortgage Resolved-accepted abridged version of VOM. no lates reported - Due Diligence Vendor-09/28/2023

Ready for Review-Document Uploaded. The VOM was provided, see p.430
It looks like some kind of limited version, however it has all necessary info, no mortgage lates within past 12 months - Seller-09/28/2023

Open-VOM on subject property with [redacted]  is missing. - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. The VOM was provided, see p.430
It looks like some kind of limited version, however it has all necessary info, no mortgage lates within past 12 months - Seller-09/28/2023

 Resolved-accepted abridged version of VOM. no lates reported - Due Diligence Vendor-09/28/2023

     image.png ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1175308
XXXXXXX-2023-NQM5-461     D B D B A A A A Closed FCRE1158 2023-09-25 16:06 2023-10-09 13:13 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-now present - Due Diligence Vendor-10/09/2023

Ready for Review-Document Uploaded. please see attached - Seller-10/09/2023

Open-HOI is not reflecting any deductibles.
Note: refer page # 946 - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. please see attached - Seller-10/09/2023

 Resolved-now present - Due Diligence Vendor-10/09/2023

     1048354_HOI.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1175232
XXXXXXX-2023-NQM5-462     D B D B A A A A Closed FCRE1199 2023-09-22 18:34 2023-09-22 18:34 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is greater than Guideline Maximum Loan Amount Waived-Exception Type :- Material: Loan Amount<100k
Short Description :- Loan Amount MAX- need [redacted] loan amount exception
Comments :- strong borrower, desriable [redacted] area of [redacted]- personal friend of [redacted]
Exception form available on page no 1111 - Due Diligence Vendor-09/23/2023		   Waived-Exception Type :- Material: Loan Amount<100k
Short Description :- Loan Amount MAX- need [redacted] loan amount exception
Comments :- strong borrower, desriable [redacted] area of [redacted]- personal friend of [redacted]
Exception form available on page no 1111 - Due Diligence Vendor-09/23/2023
   Several income sources and DTI below 45%, 10 years or more in same line of employment, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Borrower contribution exceeds requirement >=5%, Reserves>6 months
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA Originator Pre-Close Yes 1172109
XXXXXXX-2023-NQM5-463     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-464     C A C A A A A A Closed FCRE1491 2023-09-25 17:54 2023-09-29 10:05 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-lender has obtained the title company account statement to show incoming wire for EMD of $5000k as it was not present in file  - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded. Please review uploaded wire confirmation from title - Seller-09/28/2023

Counter-page 54 is not a $5000 emd deposit.  only can located proof title received $10k emd of the $15k emd - Due Diligence Vendor-09/27/2023

Ready for Review-Please refer to page 54 of uploaded credit package - Seller-09/26/2023

Open-Asset Qualification Does Not Meet Guideline Requirements Total $15,000 Gift credited to Escrow directly. Proof of $10,000 is available but for $5,000 donor source/ wire receipt both are missing.  - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. Please review uploaded wire confirmation from title - Seller-09/28/2023

 Ready for Review-Please refer to page 54 of uploaded credit package - Seller-09/26/2023

 Resolved-lender has obtained the title company account statement to show incoming wire for EMD of $5000k as it was not present in file  - Due Diligence Vendor-09/29/2023

     1050238_Wire Proof for $5000.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1175375
XXXXXXX-2023-NQM5-465     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-466     B B B B A A A A Closed FCRE1437 2023-09-22 11:17 2023-09-22 11:17 Waived 2 - Non-Material B B Credit Income/Employment Income and Employment Do Not Meet Guidelines Waived-Income and Employment Do Not Meet Guidelines Exception page 17.  Bank statement loan requires no more than 3 NSF's in 12 month period and funds must come from a single account. Lender to accept two accounts used for income calculation and bwr had 30 NSFs due to prior bank having liquidity issues which is reason for moving to another account -see page 22 LOE. - Due Diligence Vendor-09/22/2023   Waived-Income and Employment Do Not Meet Guidelines Exception page 17.  Bank statement loan requires no more than 3 NSF's in 12 month period and funds must come from a single account. Lender to accept two accounts used for income calculation and bwr had 30 NSFs due to prior bank having liquidity issues which is reason for moving to another account -see page 22 LOE. - Due Diligence Vendor-09/22/2023

   Revolving debt under 30%, 5 yrs current job, DTI > 10% below program maximum, 10 yrs same line of employment, No credit evens past 48 months, No mortgage lates last 24 months, 5+  yr credit history, No consumer lates last 48 months.   QM: Rebuttable Presumption (APOR) QM: Rebuttable Presumption (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1171315
XXXXXXX-2023-NQM5-467     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-468     B B A A A A B B Closed FPRO116 2023-09-23 08:30 2023-09-23 08:30 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Exception page 327 - Subject phase is not 100% complete - 48 total units with 24 completed and 12 sold  - Due Diligence Vendor-09/23/2023   Waived-Exception page 327 - Subject phase is not 100% complete - 48 total units with 24 completed and 12 sold  - Due Diligence Vendor-09/23/2023

   DTI > 10% lower than program maximum, 10 yrs same employment, No credit events past 48 months, No mortgage late payments last 24 months, Credit Score < 40 points above program minimum.   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1172246
XXXXXXX-2023-NQM5-469     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-470     B B B B A A A A Closed FCRE1174 2023-09-25 09:46 2023-09-26 09:28 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Exception Type :- Material: Insurance
Short Description :- Confusing Verbiage regarding the Named Storm / Wind Driven Precipitation Deductible
Comments :- Dear team, could you please give us exception for confusing Verbiage regarding the Named Storm / Wind Driven Precipitation Deductible, it states 10%. Though the policy confirms in two places the coverage of $6,121,292.00 and deductible per occurrence of $100,000.00 which is well below 10%. This is our last condition on the QC.
Exception from available on page no 936 - Due Diligence Vendor-09/25/2023		   Waived-Exception Type :- Material: Insurance
Short Description :- Confusing Verbiage regarding the Named Storm / Wind Driven Precipitation Deductible
Comments :- Dear team, could you please give us exception for confusing Verbiage regarding the Named Storm / Wind Driven Precipitation Deductible, it states 10%. Though the policy confirms in two places the coverage of $6,121,292.00 and deductible per occurrence of $100,000.00 which is well below 10%. This is our last condition on the QC.
Exception from available on page no 936 - Due Diligence Vendor-09/25/2023

   DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1174154
XXXXXXX-2023-NQM5-471     A A A A A A A A             A A                   QM: Rebuttable Presumption (APOR) QM: Rebuttable Presumption (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-472     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-472     D A C A D A A A Closed FCOM4247 2023-09-19 05:49 2023-09-25 13:21 Resolved 1 - Information D A Compliance Missing Doc Missing HUD-1 Closing Statement Resolved-Received signed HUD - Due Diligence Vendor-09/25/2023

Ready for Review-Document Uploaded.  - Seller-09/25/2023

Open-Need final HUD  - only certified estimate in file - page 181 closing docs. - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded.  - Seller-09/25/2023

 Resolved-Received signed HUD - Due Diligence Vendor-09/25/2023

     Final ALTA signed.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1163343
XXXXXXX-2023-NQM5-473     D A C A D A A A Closed FCRE1254 2023-09-19 05:56 2023-09-21 10:13 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received ownership documentation - Due Diligence Vendor-09/21/2023

Ready for Review-Document Uploaded. Please find Articles of Incorporation attached - Seller-09/21/2023

Open-Property Title Issue Title vested in [redacted], however, there is no evidence of the borrower's ownership/percentage of this entity in the file .  Need proof borrower owns this entity - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded. Please find Articles of Incorporation attached - Seller-09/21/2023

 Resolved-Received ownership documentation - Due Diligence Vendor-09/21/2023

     Articles of Incorporation.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1163346
XXXXXXX-2023-NQM5-474     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-474     C A C A A A A A Closed FCRE1205 2023-09-25 05:47 2023-10-09 13:49 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-10/09/2023

Ready for Review-Document Uploaded. please see attached - Seller-10/09/2023

Open-OFAC Check Not Completed and/or Cleared OFAC not cleared - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. please see attached - Seller-10/09/2023

 Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-10/09/2023

     1052556_OFAC.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1173557
XXXXXXX-2023-NQM5-475     C A C A A A A A Closed FCRE1479 2023-09-25 05:46 2023-10-09 13:48 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved-cleared.  - Due Diligence Vendor-10/09/2023

Ready for Review-Document Uploaded. please see attached bank account - Seller-10/09/2023

Open-Asset Record 1 Does Not Meet G/L Requirements [redacted] #2811 not 2 months.  Even though we have the source of the new account being opened, the guidelines specifically state assets are to be sourced and seasoned for 60 day. Need either Aug statement or a waiver.  - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. please see attached bank account - Seller-10/09/2023

 Resolved-cleared.  - Due Diligence Vendor-10/09/2023

     1052556_Auz August Chase bank.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1173553
XXXXXXX-2023-NQM5-476     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-477     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-478     D A D A A A A A Closed FCRE6737 2023-09-24 05:11 2023-09-26 15:26 Resolved 1 - Information D A Credit Missing Doc Missing Letter of Explanation (Income) Resolved-Letter provided clears finding regarding working remote - Due Diligence Vendor-09/26/2023
Ready for Review-Document Uploaded. Please find attached - Seller-09/26/2023
Open-Bwr has a [redacted] based Real estate company but moving to Pennsylvania - No explanation on affect to business operations or how bwr will continue working in [redacted] while in [redacted]. - Due Diligence Vendor-09/24/2023		 Ready for Review-Document Uploaded. Please find attached - Seller-09/26/2023

 Resolved-Letter provided clears finding regarding working remote - Due Diligence Vendor-09/26/2023

     Income_ CPA Letter for income.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1172681
XXXXXXX-2023-NQM5-479     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-479     D B A A A A D B Closed FVAL4940 2023-09-19 08:32 2023-09-20 16:42 Resolved 1 - Information D A Property Missing Doc Missing Homeowner's Association Questionnaire Resolved-FNMA approval now present - Due Diligence Vendor-09/20/2023

Ready for Review-Document Uploaded. Please find attached. Our Credit Committee approved only with insurance.  - Seller-09/20/2023

Open-Missing Limited Review HOA Questionnaire - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded. Please find attached. Our Credit Committee approved only with insurance.  - Seller-09/20/2023

 Resolved-FNMA approval now present - Due Diligence Vendor-09/20/2023

     Condominium_ Questionnaire.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1163801
XXXXXXX-2023-NQM5-480     D B A A A A D B Closed FPRO116 2023-09-19 08:19 2023-09-19 08:19 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Exception - Page 7 - Master Insurance Condo policy Hurricane deductible is 10% -GL requires 5%. - Due Diligence Vendor-09/19/2023   Waived-Exception - Page 7 - Master Insurance Condo policy Hurricane deductible is 10% -GL requires 5%. - Due Diligence Vendor-09/19/2023

   Several income sources with DTI below 45%, Residual incoem > $3,000, 10 yrs or more same employment, No credit events past 48 months, 5+ yr credit history, Reserves > 6 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1163726
XXXXXXX-2023-NQM5-480     C A A A A A C A Closed FVAL3825 2023-09-20 07:30 2023-09-25 13:22 Resolved 1 - Information C A Property Property FEMA Declared Disaster Dated Prior to the Note Date, After Appraisal Date Resolved-Received FEMA affidavit and pictures - Due Diligence Vendor-09/25/2023
Ready for Review-Document Uploaded. Please see FEMA Disaster signed affidavit with photos in attachment - Seller-09/25/2023
Open-[redacted] HURRICANE IDALIA Hurricane 2023-08-31 09:50:00.0  Property county in declared FEMA disaster zone.
 - Due Diligence Vendor-09/20/2023		 Ready for Review-Document Uploaded. Please see FEMA Disaster signed affidavit with photos in attachment - Seller-09/25/2023

 Resolved-Received FEMA affidavit and pictures - Due Diligence Vendor-09/25/2023

     FEMA Disaster signed affidavit with photos.PDF ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1165847
XXXXXXX-2023-NQM5-481     C A A A A A C A Closed FCRE9991 2023-09-20 06:40 2023-09-21 10:12 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-Received data tape - Due Diligence Vendor-09/21/2023

Ready for Review-Document Uploaded. Please see updated tape in attachment - Seller-09/21/2023

Open-1008 and tape provide debt ratios 51.47% - loan is a dscr - There is  a corrected 1008 on page 155 of the closing docs. - Due Diligence Vendor-09/20/2023		 Ready for Review-Document Uploaded. Please see updated tape in attachment - Seller-09/21/2023

 Resolved-Received data tape - Due Diligence Vendor-09/21/2023

     Tape 1051213.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1165723
XXXXXXX-2023-NQM5-482     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-482     C B C B A A A A Closed FCRE1491 2023-09-26 12:04 2023-10-10 07:11 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-lender did not send an escrow letter and they are accepting a WIRE OUT of account as proof.  since the down payment was met we are accepting their WIRE out.  no EMD letter or copy of wire provided. - Due Diligence Vendor-10/10/2023

Ready for Review-Document Uploaded. Hello Team, please be advised that EMD is sourced with 2 months of bank statements. Kindly review [redacted]. EMD was sent Aug 3rd. - Seller-10/09/2023

Counter-need escrow letter at minimum.  that does not identify to whom the wire was sent. - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Hello Team, please be advised that EMD is sourced with 2 months of bank statements. Kindly review [redacted]. EMD was sent Aug 3rd.

Regards, - Seller-10/06/2023

Open-Asset Qualification Does Not Meet Guideline Requirements EMD receipt proof is missing for $2000.
Note per guide- On purchase transactions - Earnest Money/down payment deposits must be verified with an Escrow letter from a Third party – (i.e., Title/Escrow company and not related to seller/builder) plus copies of
cancelled escrow checks and/or wires along with evidence the funds have cleared the borrower’s account. - Due Diligence Vendor-09/26/2023		 Ready for Review-Document Uploaded. Hello Team, please be advised that EMD is sourced with 2 months of bank statements. Kindly review [redacted]. EMD was sent Aug 3rd. - Seller-10/09/2023

 Ready for Review-Document Uploaded. Hello Team, please be advised that EMD is sourced with 2 months of bank statements. Kindly review [redacted]. EMD was sent Aug 3rd.

Regards, - Seller-10/06/2023

 Resolved-lender did not send an escrow letter and they are accepting a WIRE OUT of account as proof.  since the down payment was met we are accepting their WIRE out.  no EMD letter or copy of wire provided. - Due Diligence Vendor-10/10/2023

     2023-10-06_16-38-55.png

2023-10-09_21-35-02.png		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1177184
XXXXXXX-2023-NQM5-482     C B C B A A A A Closed FCRE3433 2023-09-26 12:17 2023-09-26 12:17 Waived 2 - Non-Material B B Credit Eligibility Housing (Front) Ratio does not meet eligibility requirement(s) Waived-Credit Report: only 1 X30 on OCT 2022 due to an error by the bank
Comment: Need an exception for Mortgage late of 1x30x12 with 35% down Payment
Exception form is on page#390 - Due Diligence Vendor-09/26/2023		   Waived-Credit Report: only 1 X30 on OCT 2022 due to an error by the bank
Comment: Need an exception for Mortgage late of 1x30x12 with 35% down Payment
Exception form is on page#390 - Due Diligence Vendor-09/26/2023

   Need an exception for Mortgage late of 1x30x12 with 35% down Payment
35% Down Payment , Strong AVM		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1177227
XXXXXXX-2023-NQM5-483     C B C B A A A A Closed FCRE6843 2023-09-25 12:17 2023-09-26 12:15 Waived 2 - Non-Material B B Credit Assets Asset General Waived-We need an exception for this file. The buyer’s name is [redacted] and him and his wife own over 10 rental properties, some are under the wife’s name, and some are under the borrower’s name. The money they are using to buy this property is coming from a 1031 exchange from a property that was under the wife’s name and sold recently. This file is supposed to be closing next week and I really need this to happen. Its basically the husbands money as well because they are married but because they buy properties separately from time to
time the other spouse wont be on the mortgage or title. Please grant this exception so we can close next week. The client is already bringing 40% down and that is the max they can bring. The Borrower is contributing less than 20% of his own funds.
* Exception form is on page #391
 - Due Diligence Vendor-09/25/2023		   Waived-We need an exception for this file. The buyer’s name is [redacted] and him and his wife own over 10 rental properties, some are under the wife’s name, and some are under the borrower’s name. The money they are using to buy this property is coming from a 1031 exchange from a property that was under the wife’s name and sold recently. This file is supposed to be closing next week and I really need this to happen. Its basically the husbands money as well because they are married but because they buy properties separately from time to
time the other spouse wont be on the mortgage or title. Please grant this exception so we can close next week. The client is already bringing 40% down and that is the max they can bring. The Borrower is contributing less than 20% of his own funds.
* Exception form is on page #391
 - Due Diligence Vendor-09/25/2023

   Experienced investor with 2+ investment properties, LTV 10% below maximum, 5+ years credit history.
please don't lower the LTV Great AVM ,, PP is $50K lower than Appraised value		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1174585
XXXXXXX-2023-NQM5-484     C A A A A A C A Closed FVAL9739 2023-09-25 10:25 2023-10-04 07:58 Resolved 1 - Information C A Property Appraisal Property/Appraisal General Resolved-lender fixed DTI and lowered the special assessment fee  - Due Diligence Vendor-10/04/2023

Ready for Review-Document Uploaded. There is a appraisal received with a special assessment w.e.f Jan 2024 & special assessment dues is $102 per month, so we calculated as per Jan 2024 - Sept 2024 in 12 months period because our subject file is closed in Sept 2023. So, there is a special assessment implemented from Jan 2024 - Sept, 2024  & we calculated as ($102 *8) = $816 for upcoming Sept 2024, but by mistake [redacted] shows $816 per month instead of $102 per month at that time. Please see updated docs. - Seller-10/04/2023

Open-missing proof special assessment is $816/ mo.  Counted in DTI but appraisal has different amount and no condo questionnaire to verify (page 616 shows just a print out that condo is approved ) - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. There is a appraisal received with a special assessment w.e.f Jan 2024 & special assessment dues is $102 per month, so we calculated as per Jan 2024 - Sept 2024 in 12 months period because our subject file is closed in Sept 2023. So, there is a special assessment implemented from Jan 2024 - Sept, 2024  & we calculated as ($102 *8) = $816 for upcoming Sept 2024, but by mistake [redacted] shows $816 per month instead of $102 per month at that time. Please see updated docs. - Seller-10/04/2023

 Resolved-lender fixed DTI and lowered the special assessment fee  - Due Diligence Vendor-10/04/2023

     1052626_1008.pdf

Tape NON QM_ 9-19-23_Sep2023.xlsx

1052626_Approval letter.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1174246
XXXXXXX-2023-NQM5-485     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-486     C A C A A A A A Closed FCRE1205 2023-09-25 10:59 2023-10-06 14:11 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Hello, Fraud report w/ clear OFAC is in the file. - Seller-10/06/2023

Open-OFAC Check Not Completed and/or Cleared OFAC not cleared - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. Hello, Fraud report w/ clear OFAC is in the file. - Seller-10/06/2023

 Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-10/06/2023

     1052271 Fraud report.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1174338
XXXXXXX-2023-NQM5-487     B B B B A A A A Closed FCRE1491 2023-09-25 10:30 2023-09-25 10:30 Waived 2 - Non-Material B B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Asset Qualification Does Not Meet Guideline Requirements WVOE  only program with gift funds -submitted prior to GL change. Exception page 648 to permit gift funds. ( all comp factors are credit related when the bwr has a 10 months credit history) - Due Diligence Vendor-09/25/2023   Waived-Asset Qualification Does Not Meet Guideline Requirements WVOE  only program with gift funds -submitted prior to GL change. Exception page 648 to permit gift funds. ( all comp factors are credit related when the bwr has a 10 months credit history) - Due Diligence Vendor-09/25/2023

   Revolving debt under 30%, No credit events past 48 months, No consumer lates last 48 months, Credit score > 40 points above program minimum.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1174257
XXXXXXX-2023-NQM5-488     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-488     B B B B A A B B Closed FVAL4940 2023-09-26 17:48 2023-09-26 17:48 Waived 2 - Non-Material B B Property Missing Doc Missing Homeowner's Association Questionnaire Waived-Condo questionnaire :12 out of 64 units are 60 days delinquent on common expense assessments. we have a requirement for 15% but here it is 19%. Questionnaire attached.
Comments:-Approved exception form required for the following: More than 15% of the unit owners are 60 days or more past due on
their HOA assessment dues.
Exception : pg# 439 - Due Diligence Vendor-09/26/2023		   Waived-Condo questionnaire :12 out of 64 units are 60 days delinquent on common expense assessments. we have a requirement for 15% but here it is 19%. Questionnaire attached.
Comments:-Approved exception form required for the following: More than 15% of the unit owners are 60 days or more past due on
their HOA assessment dues.
Exception : pg# 439 - Due Diligence Vendor-09/26/2023

   Residual income >=$3000, DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%, Other: specify below
Long-term broker		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1178056
XXXXXXX-2023-NQM5-489     B B B B A A B B Closed FCRE1174 2023-09-25 15:23 2023-09-25 15:23 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Comment : Deductibles on master policy 15 when we require 5, Provide revised Master insurance policy with Named storm deductibles not exceeding 5%
Exception form page #441
 - Due Diligence Vendor-09/25/2023		   Waived-Comment : Deductibles on master policy 15 when we require 5, Provide revised Master insurance policy with Named storm deductibles not exceeding 5%
Exception form page #441
 - Due Diligence Vendor-09/25/2023

   Residual income >=$3000, DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24 months,
5+ years credit history, No consumer late payments in last 48 months		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1175131
XXXXXXX-2023-NQM5-489     B B B B A A A A Closed FCRE1493 2023-09-25 09:00 2023-09-26 13:57 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Comment: Limited Tradelines
CU score 1.1. Exception is limited tradelines.
Exception form page # 17 of 126 - Due Diligence Vendor-09/25/2023		   Waived-Comment: Limited Tradelines
CU score 1.1. Exception is limited tradelines.
Exception form page # 17 of 126 - Due Diligence Vendor-09/25/2023

   No credit events past 48 months, 5+ years credit history, Credit score >40 points than minimum required, Reserves>6 months
(ineligible for Foreign Nationals)
6 months reserves. 5 year PPP. 810 Credit Score		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1174038
XXXXXXX-2023-NQM5-490     B B B B A A A A Closed FCRE9802 2023-09-25 10:10 2023-09-26 13:57 Waived 2 - Non-Material B B Credit Eligibility Borrower is First Time Homebuyer and Program Does Not Allow This Waived-Borrower cannot be first time homebuyer for this program Comment: Material: FTHB/no ownership of property for 2 years
Borrower has not owned a property. Borrower lives in [redacted] and wants to invest in property in [redacted]. It is typical to
rent in [redacted]. Borrower is buying in another state for investment purposes.
Exception form page #16 of 126 - Due Diligence Vendor-09/25/2023		   Waived-Borrower cannot be first time homebuyer for this program Comment: Material: FTHB/no ownership of property for 2 years
Borrower has not owned a property. Borrower lives in [redacted] and wants to invest in property in [redacted]. It is typical to
rent in [redacted]. Borrower is buying in another state for investment purposes.
Exception form page #16 of 126 - Due Diligence Vendor-09/25/2023

   Revolving debt is under 30%, No credit events past 48 months, No consumer late payments in last 48 months, Reserves>6 months
(ineligible for Foreign Nationals)
6 months reserves. 5 year PPP. 810 Credit Score		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1174216
XXXXXXX-2023-NQM5-490     B B B B A A A A Closed FCRE1182 2023-09-25 15:27 2023-10-05 14:46 Resolved 1 - Information B A Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-Received approval. - Due Diligence Vendor-10/05/2023

Ready for Review-Document Uploaded. see attached  - Seller-10/05/2023

Open-Missing Approval/Underwriting Summary Approval Letter and 1008 both are missing. - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. see attached  - Seller-10/05/2023

 Resolved-Received approval. - Due Diligence Vendor-10/05/2023

     approval.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1175145
XXXXXXX-2023-NQM5-491     B B B B A A A A Closed FCRE9806 2023-10-03 11:34 2023-10-03 11:34 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-The other 2 people on the 1st lien will not be on the 2nd lien See attached Father in law passed & Mother in law in
Greece
Comments Per non QM second lien guidelines, all borrowers on first lien must be on second lien transaction. [redacted] must be added to this transaction.
 - Due Diligence Vendor-10/03/2023		   Waived-The other 2 people on the 1st lien will not be on the 2nd lien See attached Father in law passed & Mother in law in
Greece
Comments Per non QM second lien guidelines, all borrowers on first lien must be on second lien transaction. [redacted] must be added to this transaction.
 - Due Diligence Vendor-10/03/2023
   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, LTV 10% below maximum
Low CLTV 62.211 Great AVM Great Fico
Credit Decision
Exception is valid only if credit decision requirements are met.
Status Approved with conditions Conditions: Death Cert of father in law must be uploaded to integra to support
LOE, Mother in law must sign the mortgage docs via POA
page 719		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1191008
XXXXXXX-2023-NQM5-491     D B D B A A B B Closed FCRE5770 2023-09-25 13:41 2023-10-05 14:51 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Credit Report is Missing Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-10/05/2023

Ready for Review-Document Uploaded. see attached  - Seller-10/05/2023

Open-Borrower 1 Credit Report is Missing. - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. see attached  - Seller-10/05/2023

 Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-10/05/2023

     credit report.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1174889
XXXXXXX-2023-NQM5-491     D B D B A A B B Closed FCRE5771 2023-09-25 13:41 2023-10-05 14:51 Resolved 1 - Information D A Credit Missing Doc Borrower 2 Credit Report is Missing Resolved-Borrower 2 Credit Report is not missing. - Due Diligence Vendor-10/05/2023

Ready for Review-Document Uploaded. see attached - Seller-10/05/2023

Open-Borrower 2 Credit Report is Missing. - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. see attached - Seller-10/05/2023

 Resolved-Borrower 2 Credit Report is not missing. - Due Diligence Vendor-10/05/2023

     credit report.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1174890
XXXXXXX-2023-NQM5-491     D B D B A A B B Closed FCRE9991 2023-09-25 15:12 2023-10-05 14:47 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-updated DTI now in line.  - Due Diligence Vendor-10/05/2023

Ready for Review-Document Uploaded. see attached  - Seller-10/05/2023

Open-DTI difference of 11.[redacted]
*PITIA$4,162.96 & Income $22,878.08 considered by the Lender and verified by document is the same.
But the other payment considered by the Lender is $3,756 and Verified by document is $1063.. Reason : Lender considered PHE twice to calculate DTI. Tape needs to be updated - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. see attached  - Seller-10/05/2023

 Resolved-updated DTI now in line.  - Due Diligence Vendor-10/05/2023

     corrected tape.xlsx ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1175100
XXXXXXX-2023-NQM5-491     D B D B A A B B Closed FVAL5524 2023-09-26 15:33 2023-09-26 15:33 Waived 2 - Non-Material B B Property Property Ineligible Property Waived-Appraisal, Property characteristics :Manufactured home rural, FICO [redacted]
Comment:- Manufactured home needs 680 FICO, property is rural, borrower fico is [redacted] Please approve, plenty of assets
Exception form :pg.#1070 - Due Diligence Vendor-09/26/2023		   Waived-Appraisal, Property characteristics :Manufactured home rural, FICO [redacted]
Comment:- Manufactured home needs 680 FICO, property is rural, borrower fico is [redacted] Please approve, plenty of assets
Exception form :pg.#1070 - Due Diligence Vendor-09/26/2023

   Revolving debt is under 30%, No mortgage late payments in last 24 months, 2+ borrowers on the loan, Reserves>6 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1177912
XXXXXXX-2023-NQM5-492     D B D B A A B B Closed FCRE1197 2023-09-25 15:00 2023-09-25 15:00 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Exception Type :- Material: Appraisal, Property characteristics
Short Description :- Manufactured home rural, FICO [redacted].
Comments :- Manufactured home needs 680 FICO, property is rural, borrower fico is [redacted] Please approve, plenty of assets
Exception form available on page #1070
 - Due Diligence Vendor-09/25/2023		   Waived-Exception Type :- Material: Appraisal, Property characteristics
Short Description :- Manufactured home rural, FICO [redacted].
Comments :- Manufactured home needs 680 FICO, property is rural, borrower fico is [redacted] Please approve, plenty of assets
Exception form available on page #1070
 - Due Diligence Vendor-09/25/2023

   Revolving debt is under 30%, No mortgage late payments in last 24 months, 2+ borrowers on the loan, Reserves>6 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1175074
XXXXXXX-2023-NQM5-492     C A C A C A A A Closed FCRE1482 2023-09-25 15:05 2023-10-09 13:17 Resolved 1 - Information C A Credit Assets Asset 4 Does Not Meet Guideline Requirements Resolved-Document Uploaded. HUD now present - Due Diligence Vendor-10/09/2023

Counter-sorry original finding was for HUD - Due Diligence Vendor-10/09/2023

Ready for Review-Document Uploaded. see attached  - Seller-10/06/2023

Counter-do not see executed note from new second lien in package - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please see signed closing package, due to technical error wasnt uploaded with package - Seller-10/05/2023

Open-Asset 4 Does Not Meet Guideline Requirements Borrower is getting net proceed form 2nd lien mortgage with [redacted]. Settlement statement is not executed: REFER PG#1070. Need final copy of HUD 1 - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. see attached  - Seller-10/06/2023

 Ready for Review-Document Uploaded. Please see signed closing package, due to technical error wasnt uploaded with package - Seller-10/05/2023

 Resolved-Document Uploaded. HUD now present - Due Diligence Vendor-10/09/2023

     SIgned docs.pdf

note from second.pdf

HUD.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1175090
XXXXXXX-2023-NQM5-492     C A C A C A A A Closed FCOM1621 2023-09-26 14:17 2023-10-06 11:20 Resolved 1 - Information B A Compliance Missing Doc Missing Initial Escrow Disclosure Resolved-signed docs present - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please see signed closing package, due to technical error wasnt uploaded with package - Seller-10/05/2023

Open-Sign -date is missing :- IEAD document on pg#639 - Due Diligence Vendor-09/26/2023		 Ready for Review-Document Uploaded. Please see signed closing package, due to technical error wasnt uploaded with package - Seller-10/05/2023

 Resolved-signed docs present - Due Diligence Vendor-10/06/2023

     SIgned docs.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1177653
XXXXXXX-2023-NQM5-492     C A C A C A A A Closed FCOM5814 2023-09-26 07:51 2023-10-06 11:19 Resolved 1 - Information C A Compliance TRID TRID: Closing Disclosure Deficiency Resolved-signed docs present - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please see signed closing package, due to technical error wasnt uploaded with package - Seller-10/05/2023

Open-Provide the Final CD signed at closing. - Due Diligence Vendor-09/26/2023		 Ready for Review-Document Uploaded. Please see signed closing package, due to technical error wasnt uploaded with package - Seller-10/05/2023

 Resolved-signed docs present - Due Diligence Vendor-10/06/2023

     SIgned docs.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1176229
XXXXXXX-2023-NQM5-492     C A C A C A A A Closed FCOM1223 2023-09-25 12:39 2023-10-06 11:18 Resolved 1 - Information C A Compliance Closing The Deed of Trust is Not Executed Resolved-signed docs present - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please see signed closing package, due to technical error wasnt uploaded with package - Seller-10/05/2023

Open-The Deed of Trust is Not Executed Need executed DOT (Notary is also missing on it) - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. Please see signed closing package, due to technical error wasnt uploaded with package - Seller-10/05/2023

 Resolved-signed docs present - Due Diligence Vendor-10/06/2023

     SIgned docs.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1174666
XXXXXXX-2023-NQM5-493     C A C A C A A A Closed FCOM1207 2023-09-25 12:36 2023-10-06 11:18 Resolved 1 - Information C A Compliance Closing The Note is Not Executed Resolved-signed docs present - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please see signed closing package, due to technical error wasnt uploaded with package - Seller-10/05/2023

Open-The Note is Not Executed Need executed Note.  - Due Diligence Vendor-09/25/2023		 Ready for Review-Document Uploaded. Please see signed closing package, due to technical error wasnt uploaded with package - Seller-10/05/2023

 Resolved-signed docs present - Due Diligence Vendor-10/06/2023

     SIgned docs.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1174657
XXXXXXX-2023-NQM5-494     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-494     D A A A D A A A Closed FCRE9991 2023-09-22 08:33 2023-09-26 14:59 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-Received updated data tape - Due Diligence Vendor-09/26/2023
Ready for Review-Document Uploaded. Updated Approval letter, 1008 and Tape were uploaded. File is valid, thank you - Seller-09/26/2023
Open-DTI is 50.29 due to lender not including B2 [redacted] revolving debt for $48.00 - Due Diligence Vendor-09/22/2023		 Ready for Review-Document Uploaded. Updated Approval letter, 1008 and Tape were uploaded. File is valid, thank you - Seller-09/26/2023

 Resolved-Received updated data tape - Due Diligence Vendor-09/26/2023

     Tape NON QM_ 9-19-23_Sep2023 upd.xlsx

1052516_Approval letter upd.pdf

1052516_1008 upd.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1170844
XXXXXXX-2023-NQM5-494     D A A A D A A A Closed FCOM1266 2023-09-21 10:48 2023-09-25 09:30 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-09/25/2023

Ready for Review-Document Uploaded.  - Seller-09/25/2023

Open-Homeownership Counseling Disclosure Is Missing Only [redacted] Audit log page 366 in file - initial 1003s in file and some initial docs in closing package -credit disclosure, LE, etc. - Due Diligence Vendor-09/21/2023		 Ready for Review-Document Uploaded.  - Seller-09/25/2023

 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-09/25/2023

     DocumentViewer.aspx.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1168856
XXXXXXX-2023-NQM5-495     D A A A D A A A Closed FCOM1797 2023-09-21 12:24 2023-09-25 09:15 Resolved 1 - Information D A Compliance Missing Doc Missing Service Provider List Resolved-WSP now present - Due Diligence Vendor-09/25/2023

Ready for Review-Document Uploaded.  - Seller-09/25/2023

Open-Provide the Service Provider List. - Due Diligence Vendor-09/21/2023		 Ready for Review-Document Uploaded.  - Seller-09/25/2023

 Resolved-WSP now present - Due Diligence Vendor-09/25/2023

     Service Provider List.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1169211
XXXXXXX-2023-NQM5-496     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated      
XXXXXXX-2023-NQM5-497     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-497     C B C B A A A A Closed FCRE1205 2023-09-25 16:23 2023-10-05 14:49 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-Review of SSA form as instructed used to clear issue with OFAC on credit report - Due Diligence Vendor-10/05/2023

Ready for Review-We had SSA 89 form in file  showing data match to our borrower personal info .(page 204  of uploaded credit package) - Seller-10/05/2023

Open-OFAC Check Not Completed and/or Cleared OFAC: is updated as No due to the OFAC is reading as possible Match/1 and Reason: The SSN was possibly randomly issued by the SSA /Condition added. - Due Diligence Vendor-09/25/2023		 Ready for Review-We had SSA 89 form in file  showing data match to our borrower personal info .(page 204  of uploaded credit package) - Seller-10/05/2023

 Resolved-Review of SSA form as instructed used to clear issue with OFAC on credit report - Due Diligence Vendor-10/05/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1175267
XXXXXXX-2023-NQM5-497     C B C B A A A A Closed FCRE1491 2023-09-27 09:47 2023-10-05 14:48 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-Proof of wire received - Due Diligence Vendor-10/05/2023

Ready for Review-Document Uploaded. Please review uploaded wire confirmation - Seller-10/05/2023

Open-Asset Qualification Does Not Meet Guideline Requirements Gift of $95,800 credited to Title the receipt proof and donor source both are missing to verify. - Due Diligence Vendor-09/27/2023		 Ready for Review-Document Uploaded. Please review uploaded wire confirmation - Seller-10/05/2023

 Resolved-Proof of wire received - Due Diligence Vendor-10/05/2023

     1052782 _wire confirmation receipt.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1179405
XXXXXXX-2023-NQM5-498     C B C B A A A A Closed FCRE6843 2023-09-25 16:54 2023-09-25 16:55 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception Type:-Material: Borrower's assets
Short Description :-Please allow gift funds covering 25% down payment & closing cost. Only reserves covered from borrower's own assets.
As per broker, borrower is getting only reserves from his bank account and the rest of the closing cost & down is coming as gift.
Exception Page# 781
 - Due Diligence Vendor-09/25/2023		   Waived-Exception Type:-Material: Borrower's assets
Short Description :-Please allow gift funds covering 25% down payment & closing cost. Only reserves covered from borrower's own assets.
As per broker, borrower is getting only reserves from his bank account and the rest of the closing cost & down is coming as gift.
Exception Page# 781
 - Due Diligence Vendor-09/25/2023

   Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required.
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1175304
XXXXXXX-2023-NQM5-499     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-499     B B B B A A B B Closed FCRE1441 2023-09-25 17:49 2023-09-25 17:49 Waived 2 - Non-Material B B Credit Eligibility Delinquent Credit History Does Not Meet Guideline Requirements Waived-Exception Type
Material: Credit score
Short Description :1x30 on primary dscr program
Comments :
submitted exception purchase for this borrower also, 2 files here, see all mortgages 0x30, 1x30 true error, see LOE and credit attached here also.. over all strong borrower will be paying off some debt as well with cash out, funds from here also for dp & cc on purchase property other exception submitted

Exceptio page # 530  - Due Diligence Vendor-09/25/2023		   Waived-Exception Type
Material: Credit score
Short Description :1x30 on primary dscr program
Comments :
submitted exception purchase for this borrower also, 2 files here, see all mortgages 0x30, 1x30 true error, see LOE and credit attached here also.. over all strong borrower will be paying off some debt as well with cash out, funds from here also for dp & cc on purchase property other exception submitted

Exceptio page # 530  - Due Diligence Vendor-09/25/2023

   Experienced investor with 2+ investment properties, LTV 10% below maximum, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1175369
XXXXXXX-2023-NQM5-500     B B B B A A B B Closed FVAL9739 2023-09-25 17:47 2023-09-25 17:47 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type
Material: Appraisal
Short Description : 2 ADU units...
Comments :
Part of 2pak.. loans for this borrower going at same time. This property is cash out to purchase other, this property has 2 adu units.. see all attached

Exception page 531 - Due Diligence Vendor-09/25/2023		   Waived-Exception Type
Material: Appraisal
Short Description : 2 ADU units...
Comments :
Part of 2pak.. loans for this borrower going at same time. This property is cash out to purchase other, this property has 2 adu units.. see all attached

Exception page 531 - Due Diligence Vendor-09/25/2023

   Experienced investor with 2+ investment properties, LTV 10% below maximum, Borrower contribution exceeds requirement >=5%, No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1175366
XXXXXXX-2023-NQM5-501     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-502     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-502     D B D B A A A A Closed FCRE9500 2023-09-27 13:00 2023-10-06 14:14 Resolved 1 - Information D A Credit Missing Doc Missing Letter of Explanation (Assets) Resolved-wires now present total amount on CD - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded.  - Seller-10/06/2023

Open-Total Gift LOX : $113,000  (pg.#67,69,71,162) Total Wire receipt source : $107,200.94.  (pg#162,168,172,166)
But the Final CD only reflects $95,295,94.  Please explain if the remaining amount was transferred back to the borrower.
Note: These gifts are apart from the additional amount that were transferred into the borrower's account. (7k+15k) (Pg#75,65,73,74) - Due Diligence Vendor-09/27/2023		 Ready for Review-Document Uploaded.  - Seller-10/06/2023

 Resolved-wires now present total amount on CD - Due Diligence Vendor-10/06/2023

     Incoming Wire - Gift Funds.pdf

Incoming Wire - Gift Funds - DUY B TRUONG.pdf

Incoming Wire - Gift Funds $40,000.pdf

Incoming Wire - Buyer Funds.pdf

Incoming Wire - Lender Funds.pdf

Final R&D Ledger.PDF

Final Signed Buyer CD - 140637.pdf

Revised Gift Letter_Chau Tran_$40K - Signed.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1180076
XXXXXXX-2023-NQM5-503     D B D B A A A A Closed FCRE1491 2023-09-26 06:54 2023-09-26 07:28 Waived 2 - Non-Material B B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Asset Qualification Does Not Meet Guideline Requirements Comments - Exception is to use old guidelines and allow borrower to receive gift funds for purchase. LTV is [redacted]. Below
[redacted] LTV. AVM is $19000 over proposed appraisal value.
Short discerption -Use only 4% of own funds
Pg no - 704

 - Due Diligence Vendor-09/26/2023		   Waived-Asset Qualification Does Not Meet Guideline Requirements Comments - Exception is to use old guidelines and allow borrower to receive gift funds for purchase. LTV is [redacted]. Below
[redacted] LTV. AVM is $19000 over proposed appraisal value.
Short discerption -Use only 4% of own funds
Pg no - 704

 - Due Diligence Vendor-09/26/2023

   No credit events past 48 months, No consumer late payments in last 48 months, Reserves>6 months
AVM is $446013. Appraised $427000		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1176065
XXXXXXX-2023-NQM5-504     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-505     A A A A A A A A Closed FCRE9991 2023-09-26 09:09 2023-10-03 08:10 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-cleared finding.  Lender used the current rents amount on unit instead of the allowable proposed rents.  Updated based on clarification provided and lenders choice to use lower rents on unit2 .  DSCR now matches. - Due Diligence Vendor-10/03/2023

Ready for Review-Please, find the rent estimate merged with the complete credit pkg, p.18. Per the document, the Unit 2 is rented out for $500. It makes the total rent for all units to be $1,100. Hence, the original DSCR is 1.118. Thank you! - Seller-10/03/2023

Open-DSCR is 1.22  ($1200 rents / $983.45 PITI) - Due Diligence Vendor-09/26/2023		 Ready for Review-Please, find the rent estimate merged with the complete credit pkg, p.18. Per the document, the Unit 2 is rented out for $500. It makes the total rent for all units to be $1,100. Hence, the original DSCR is 1.118. Thank you! - Seller-10/03/2023

 Resolved-cleared finding.  Lender used the current rents amount on unit instead of the allowable proposed rents.  Updated based on clarification provided and lenders choice to use lower rents on unit2 .  DSCR now matches. - Due Diligence Vendor-10/03/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1176515
XXXXXXX-2023-NQM5-506     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-507     D A D A A A A A Closed FCOM4028 2023-09-22 04:24 2023-09-26 15:01 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Evidence of Mortgage Recording is present or Mortgage has been sent for Recording - Due Diligence Vendor-09/26/2023

Resolved-Received recorded deed of trust - Due Diligence Vendor-09/26/2023

Ready for Review-Document Uploaded. Evidence provided - Seller-09/26/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-09/22/2023		 Ready for Review-Document Uploaded. Evidence provided - Seller-09/26/2023

 Resolved-Evidence of Mortgage Recording is present or Mortgage has been sent for Recording - Due Diligence Vendor-09/26/2023

 Resolved-Received recorded deed of trust - Due Diligence Vendor-09/26/2023

     1052075_Recorded Deed of Trust.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1170406
XXXXXXX-2023-NQM5-508     B B B B A A A A Closed FCRE6389 2023-09-26 12:35 2023-09-26 12:35 Waived 2 - Non-Material B B Credit Eligibility Credit score not provided Waived-Looking for exception on one score
Comments Borrower only has one score on credit report of 742. Per guidelines these are considered on a case by case
basis. The borrower has old credit but nothing recent which is why the borrower only has one score. Borrower
has all own funds
 - Due Diligence Vendor-09/26/2023		   Waived-Looking for exception on one score
Comments Borrower only has one score on credit report of 742. Per guidelines these are considered on a case by case
basis. The borrower has old credit but nothing recent which is why the borrower only has one score. Borrower
has all own funds
 - Due Diligence Vendor-09/26/2023

   Compensating Factors
Residual income >=$3000, No credit events past 48 months, Borrower contribution exceeds requirement >=5%
page 136		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1177283
XXXXXXX-2023-NQM5-509     B B B B A A A A Closed FCRE1197 2023-09-26 10:16 2023-09-29 08:42 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of 608 is less than Guideline FICO of 660 Comments ;- Hello Credit committee this is for a cash out refinance with low FICO against guidelines but is free and clear property.
Short description - FICO > 660
 - Due Diligence Vendor-09/26/2023		   Waived-Audited FICO of 608 is less than Guideline FICO of 660 Comments ;- Hello Credit committee this is for a cash out refinance with low FICO against guidelines but is free and clear property.
Short description - FICO > 660
 - Due Diligence Vendor-09/26/2023

   DSCR=> 1.3 , No consumer late payments in the last 24 months, No mortgage late payments in last 24 months
Approved with condition :- Conditions: +1.5 to price, max 30% LTV or $260,000 LA (lowest), DSCR>=1.4 		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1176764
XXXXXXX-2023-NQM5-510     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-510     B B B B A A A A Closed FCRE6843 2023-09-26 13:28 2023-09-26 13:28 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Comments :- Exception for gift fund on Investment P&L
Comments : -Hello Team, Requesting guideline exception for this approved loan and qualified borrower. exception on gift fund for new purchase on investment P&L loan. Borrower owns fund is 10% while remaining fund we be a gift. Subject property appraised at [redacted] with purchase price of [redacted]. Attached is the appraisal and credit report and contract for review. Thank you for your consideration in approving this request.

Exception Form page #303 of 304 - Due Diligence Vendor-09/26/2023		   Waived-Comments :- Exception for gift fund on Investment P&L
Comments : -Hello Team, Requesting guideline exception for this approved loan and qualified borrower. exception on gift fund for new purchase on investment P&L loan. Borrower owns fund is 10% while remaining fund we be a gift. Subject property appraised at [redacted] with purchase price of [redacted]. Attached is the appraisal and credit report and contract for review. Thank you for your consideration in approving this request.

Exception Form page #303 of 304 - Due Diligence Vendor-09/26/2023

   Revolving debt is under 30%, DTI >=10% lower than loan program, No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1177472
XXXXXXX-2023-NQM5-511     B B B B A A A A Closed FCRE1226 2023-09-26 13:21 2023-09-26 13:21 Waived 2 - Non-Material B B Credit Missing Doc Appraisal document is incomplete or partial Waived-Comments:-  Exception Per UW Condition on Appraisal Comp
Comments:-  Hello Team, Requesting guideline exception for this approved loan and qualified borrower. UW requesting
exception on appraisal due to Comparable sale. UW Condition: Approved exception form required for the
following: Comparable sale 6 exceeds the new construction guidelines maximum of 4 miles from the subject
property. Subject property appraised at [redacted] with purchase price of [redacted]. Attached is the appraisal and credit
report and contract for review. Thank you for your consideration in approving this request.

Exception form page #302 of 304 - Due Diligence Vendor-09/26/2023		   Waived-Comments:-  Exception Per UW Condition on Appraisal Comp
Comments:-  Hello Team, Requesting guideline exception for this approved loan and qualified borrower. UW requesting
exception on appraisal due to Comparable sale. UW Condition: Approved exception form required for the
following: Comparable sale 6 exceeds the new construction guidelines maximum of 4 miles from the subject
property. Subject property appraised at [redacted] with purchase price of [redacted]. Attached is the appraisal and credit
report and contract for review. Thank you for your consideration in approving this request.

Exception form page #302 of 304 - Due Diligence Vendor-09/26/2023

   Revolving debt is under 30%, DTI >=10% lower than loan program, No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1177436
XXXXXXX-2023-NQM5-512     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-513     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-514     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-514     B B B B A A B B Closed FVAL5474 2023-09-26 10:03 2023-09-26 10:03 Waived 2 - Non-Material B B Property Property Condo project is ineligible Waived-Exception page 7

Hello Team! HOA does not track owner occupancy. Unable to verify if at least 25% of units are owner
occupied. Please kindly approve. Thank you!

Approved with conditions of +0.25 to price, DSCR>=1, min 3Y PPP - Due Diligence Vendor-09/26/2023		   Waived-Exception page 7

Hello Team! HOA does not track owner occupancy. Unable to verify if at least 25% of units are owner
occupied. Please kindly approve. Thank you!

Approved with conditions of +0.25 to price, DSCR>=1, min 3Y PPP - Due Diligence Vendor-09/26/2023

   2+ borrowers on the loan, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history,
No consumer late payments in last 48 months, Credit score >40 points than minimum required		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1176711
XXXXXXX-2023-NQM5-515     B B B B A A B B Closed FCRE1174 2023-09-26 10:02 2023-09-26 10:02 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Exception page 6

Hello Team! Master Insurance Policy. Insurance Company is unable to provide for claims to be settled on a
replacement cost basis and it's actual cash value. Please approve. Thank you!

Approved with conditions of +0.375 to price, DSCR>=1 - Due Diligence Vendor-09/26/2023		   Waived-Exception page 6

Hello Team! Master Insurance Policy. Insurance Company is unable to provide for claims to be settled on a
replacement cost basis and it's actual cash value. Please approve. Thank you!

Approved with conditions of +0.375 to price, DSCR>=1 - Due Diligence Vendor-09/26/2023

   2+ borrowers on the loan, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history,
No consumer late payments in last 48 months, Credit score >40 points than minimum required		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1176704
XXXXXXX-2023-NQM5-516     B B B B A A A A Closed FCRE7569 2023-09-26 14:55 2023-09-26 14:55 Waived 2 - Non-Material B B Credit Debt Mortgage history for primary residence less than 12 months Waived-Comments : -[redacted] is planning to pay off private mortgage from [redacted]. [redacted] bought the subject property with
HELOC money back in 2020, 1 month later property was sold to his brother [redacted] (our borrower). Since
then, our borrower was making payments toward HELOC for [redacted]. Current pay off on the property is
[redacted], initial HELOC amount was $[redacted]
Short description : - No VOM for 12 months, only pay off on the loan
Pg no - 2 of 186 - Due Diligence Vendor-09/26/2023		   Waived-Comments : -[redacted] is planning to pay off private mortgage from [redacted]. [redacted] bought the subject property with
HELOC money back in 2020, 1 month later property was sold to his brother [redacted] (our borrower). Since
then, our borrower was making payments toward HELOC for [redacted]. Current pay off on the property is
[redacted], initial HELOC amount was $[redacted]
Short description : - No VOM for 12 months, only pay off on the loan
Pg no - 2 of 186 - Due Diligence Vendor-09/26/2023

   Residual income >=$3000, DTI >=10% lower than loan program, No credit events past 48 months, LTV 10% below maximum, Credit
score >40 points than minimum required
   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1177808
XXXXXXX-2023-NQM5-517     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-517     C B B B C A B B Closed FCOM3910 2023-09-22 09:11 2023-09-26 15:02 Resolved 1 - Information C A Compliance Disclosure Other Compliance Finding Resolved-Received Guaranty agreement - Due Diligence Vendor-09/26/2023

Ready for Review-Document Uploaded. Please review uploaded guaranty - Seller-09/26/2023

Open-Entity but could not locate  executed Guaranty - Due Diligence Vendor-09/22/2023		 Ready for Review-Document Uploaded. Please review uploaded guaranty - Seller-09/26/2023

 Resolved-Received Guaranty agreement - Due Diligence Vendor-09/26/2023

     1051317 _guaranty.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1170968
XXXXXXX-2023-NQM5-517     C B B B C A B B Closed FCRE1194 2023-09-22 08:48 2023-09-22 08:48 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Exception page 956 to permit [redacted] LTV -Max LTV for delayed financing is [redacted] ( bwr on title less than 6 months -all cash purchase page 909 HUD) - Due Diligence Vendor-09/22/2023   Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Exception page 956 to permit [redacted] LTV -Max LTV for delayed financing is [redacted] ( bwr on title less than 6 months -all cash purchase page 909 HUD) - Due Diligence Vendor-09/22/2023

   No credit events past 48 months, No mortgage lates last 24 months, Credit Score > 40 points above program minimum.   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1170894
XXXXXXX-2023-NQM5-518     C B B B C A B B Closed FVAL5472 2023-09-22 08:30 2023-09-22 08:30 Waived 2 - Non-Material B B Property Property Property or house size is outside of guidelines Waived-Exception page 957 - Subject is a studio condo -0 bedroom count at 450 Sq feet. GL minimum is 500sq feet and 1 bedroom. - Due Diligence Vendor-09/22/2023   Waived-Exception page 957 - Subject is a studio condo -0 bedroom count at 450 Sq feet. GL minimum is 500sq feet and 1 bedroom. - Due Diligence Vendor-09/22/2023

   Credit score > 40 points above minimum required, Reserves > 6 months, No mortgage lates last 24 months (removed LTV comp factor as it is not accurate.)   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1170834
XXXXXXX-2023-NQM5-519     B B B B A A A A Closed FCRE1440 2023-09-27 08:06 2023-09-27 08:06 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Lender granted exception for DSCR with no property owned within the past 24 months - see page 1099 - Due Diligence Vendor-09/27/2023   Waived-Lender granted exception for DSCR with no property owned within the past 24 months - see page 1099 - Due Diligence Vendor-09/27/2023

   No credit events past 48 months, No consumer late payments in last 48 months, DSCR 1.040
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1179045
XXXXXXX-2023-NQM5-520     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-521     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-522     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-523     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-524     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA      
XXXXXXX-2023-NQM5-525     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-526     B B B B A A A A Closed FCRE3742 2023-09-27 09:47 2023-09-27 09:47 Waived 2 - Non-Material B B Credit Eligibility Loan Amount does not meet eligibility requirement(s) Waived-Comments : Non-Material: Loan Amount<100k
Short Description : Hello Team! Our desired LA is [redacted] LTV from purchase price of [redacted], making it Loan Amount of [redacted]. Thank you! Good credit profile.

Exception Form page # 705 & 704 - Due Diligence Vendor-09/27/2023		   Waived-Comments : Non-Material: Loan Amount<100k
Short Description : Hello Team! Our desired LA is [redacted] LTV from purchase price of [redacted], making it Loan Amount of [redacted]. Thank you! Good credit profile.

Exception Form page # 705 & 704 - Due Diligence Vendor-09/27/2023

   Borrower contribution exceeds requirement >=5%, Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in
last 24 months, Credit score >40 points than minimum required		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1179406
XXXXXXX-2023-NQM5-526     C B B B C A A A Closed FCOM9967 2023-09-27 14:33 2023-10-03 14:22 Resolved 1 - Information C A Compliance TRID TRID: Loan Estimate Deficiency Resolved-proof of electronically delivery was not present in initial docs. now is present - Due Diligence Vendor-10/03/2023

Ready for Review-Document Uploaded. Please review uploaded LE 09/13  as well  - Seller-10/03/2023

Counter-the one for 9/13 is not in file.  - Due Diligence Vendor-09/29/2023

Ready for Review-Please review uploaded print out - Seller-09/28/2023

Open-Provide evidence LE 09/13/2023 was sent electronically. - Due Diligence Vendor-09/27/2023		 Ready for Review-Document Uploaded. Please review uploaded LE 09/13  as well  - Seller-10/03/2023

 Ready for Review-Please review uploaded print out - Seller-09/28/2023

 Resolved-proof of electronically delivery was not present in initial docs. now is present - Due Diligence Vendor-10/03/2023

     1049949_LE 09-13.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1180501
XXXXXXX-2023-NQM5-527     C B B B C A A A Closed FCRE8611 2023-09-27 13:06 2023-09-27 13:06 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-16 NSF in the last 12 months - Due Diligence Vendor-09/27/2023   Waived-16 NSF in the last 12 months - Due Diligence Vendor-09/27/2023

   Revolving debt is under 30%, Residual income >=$3000, DTI >=10% lower than loan program, No credit events past 48 months, 5+ years credit
history, No consumer late payments in last 48 months, Borrower contribution exceeds requirement >=5%
Pg. 880		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1180090
XXXXXXX-2023-NQM5-528     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-529     D A D A A A A A Closed FCRE5116 2023-09-25 07:22 2023-09-28 13:03 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-Document Uploaded. lender has received additional info from Corr lender. Loan was with [redacted], not transferred and they have since provided an updated mtg statement to show no lates. This is now clear. - Due Diligence Vendor-09/28/2023

Open-Document Uploaded. lender has received additional info from Corr lender. Loan was with [redacted], not transferred and they have since provided an updated mtg statement to show no lates.  This is now clear. - Due Diligence Vendor-09/28/2023

Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. missing VOM from [redacted] - Due Diligence Vendor-09/25/2023		   Resolved-Document Uploaded. lender has received additional info from Corr lender. Loan was with [redacted], not transferred and they have since provided an updated mtg statement to show no lates. This is now clear. - Due Diligence Vendor-09/28/2023

     Re_ 1054000 Bagdasarova Non Del.pdf

Borrower_ Mortgage Statement.pdf

RE  1054000 Bagdasarova Non Del.msg		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1173756
XXXXXXX-2023-NQM5-530     B B B B A A A A Closed FCRE1200 2023-09-27 10:32 2023-09-27 10:32 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $100000 Exception Type:-Material: Loan Amount<100k
Short Description:-Loan amount of [redacted].
1 of 2 loans for this borrower (other loan is above $100K).
Exception Page#127 - Due Diligence Vendor-09/27/2023		   Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $100000 Exception Type:-Material: Loan Amount<100k
Short Description:-Loan amount of [redacted].
1 of 2 loans for this borrower (other loan is above $100K).
Exception Page#127 - Due Diligence Vendor-09/27/2023

   2+ borrowers on the loan, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1179514
XXXXXXX-2023-NQM5-531     B B B B A A A A Closed FCRE1493 2023-09-27 09:46 2023-09-27 09:46 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Exception Type :- Material: Credit report
Short Description :- borrower does not have tradelines requirements
Comments :- cannot provide other docs for tradelines since he is traveling in Europe
Exception form available on page #655
 - Due Diligence Vendor-09/27/2023		   Waived-Exception Type :- Material: Credit report
Short Description :- borrower does not have tradelines requirements
Comments :- cannot provide other docs for tradelines since he is traveling in Europe
Exception form available on page #655
 - Due Diligence Vendor-09/27/2023

   LTV 10% below maximum, Borrower contribution exceeds requirement >=5%, No credit events past 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1179404
XXXXXXX-2023-NQM5-532     B B B B A A A A Closed FCRE6843 2023-09-27 10:26 2023-09-27 10:26 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Business will hit 2 years September 11 2023
Comments Please waive condition with no hit, business will be 2 years September 11, 23: Acceptable third party Proof of
Self-Employment is required. Must validate 2+ years and percentage of ownership. **9/1: CPA letter must be
business specific. Per the CPA letter, business has not been operating for over 2 years. - Due Diligence Vendor-09/27/2023		   Waived-Business will hit 2 years September 11 2023
Comments Please waive condition with no hit, business will be 2 years September 11, 23: Acceptable third party Proof of
Self-Employment is required. Must validate 2+ years and percentage of ownership. **9/1: CPA letter must be
business specific. Per the CPA letter, business has not been operating for over 2 years. - Due Diligence Vendor-09/27/2023

   DTI >=10% lower than loan program, No credit events past 48 months, No consumer late payments in last 48 months, Credit score
>40 points than minimum required
Pg. 770		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1179503
XXXXXXX-2023-NQM5-532     C B B B A A C B Closed FVAL3867 2023-09-28 13:20 2023-10-06 14:28 Waived 2 - Non-Material C B Property Property Property is Mixed Use Waived-Allow to proceed with only one unit for Mixed-Use property - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded.  - Seller-10/06/2023

Open-Mixed use must have 2-8 units, subject property currently only has 1. - Due Diligence Vendor-09/28/2023		 Ready for Review-Document Uploaded.  - Seller-10/06/2023

 Waived-Allow to proceed with only one unit for Mixed-Use property - Due Diligence Vendor-10/06/2023

   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No
consumer late payments in last 48 months, Reserves>6 months (ineligible for Foreign Nationals)		 185540808_Exception%20Form%2009-14-2023_20231006143145.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Post-Close Yes 1183386
XXXXXXX-2023-NQM5-532     C B B B A A C B Closed FCRE1200 2023-09-28 13:22 2023-09-28 13:38 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $400000 Exception on page 744

Loan amount below 400k, LTV 75

Approved with conditons +1 in price - Due Diligence Vendor-09/28/2023		   Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $400000 Exception on page 744

Loan amount below 400k, LTV 75

Approved with conditons +1 in price - Due Diligence Vendor-09/28/2023

   2+ borrowers on the loan, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history,
No consumer late payments in last 48 months, Reserves>6 months (ineligible for Foreign Nationals)		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1183393
XXXXXXX-2023-NQM5-532     C B B B A A C B Closed FCRE8860 2023-09-27 09:59 2023-09-28 13:11 Waived 2 - Non-Material B B Credit Income/Employment Audited DSCR does not meet guidelines requirements Waived-Exception on page 745

Mixed-used property DSCR needs to be 1.1 The current ratio is 1.035 Requesting an exception to proceed.

Approved with conditions +0.5 to price, DSCR>=1


DSCR still under 1 .  DSCR came in at .89. - Due Diligence Vendor-09/27/2023		   Waived-Exception on page 745

Mixed-used property DSCR needs to be 1.1 The current ratio is 1.035 Requesting an exception to proceed.

Approved with conditions +0.5 to price, DSCR>=1


DSCR still under 1 .  DSCR came in at .89. - Due Diligence Vendor-09/27/2023

   2+ borrowers on the loan, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history,
No consumer late payments in last 48 months, Reserves>6 months (ineligible for Foreign Nationals)		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1179439
XXXXXXX-2023-NQM5-533     C B B B A A C B Closed FCRE1194 2023-09-27 09:58 2023-09-27 09:58 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Exception on page 744

Loan amount below 400k, LTV [redacted]

Approved with conditons +1 in price - Due Diligence Vendor-09/27/2023		   Waived-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Exception on page 744

Loan amount below 400k, LTV [redacted]

Approved with conditons +1 in price - Due Diligence Vendor-09/27/2023

   2+ borrowers on the loan, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history,
No consumer late payments in last 48 months, Reserves>6 months (ineligible for Foreign Nationals)
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1179437
XXXXXXX-2023-NQM5-533     D B D B A A A A Closed FCRE1158 2023-09-27 11:27 2023-10-10 13:34 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-policy number now present - Due Diligence Vendor-10/10/2023

Ready for Review-Document Uploaded. Please, find the correct HOI attached. Thank you! - Seller-10/10/2023

Open- - hazard does not reflect a policy number.  - Due Diligence Vendor-09/27/2023		 Ready for Review-Document Uploaded. Please, find the correct HOI attached. Thank you! - Seller-10/10/2023

 Resolved-policy number now present - Due Diligence Vendor-10/10/2023

     1052128_HOI updated.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1179699
XXXXXXX-2023-NQM5-534     D B D B A A A A Closed FCRE6843 2023-09-27 11:28 2023-09-27 11:28 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Lender granted exception for 10 NSF's - see page 633 - Due Diligence Vendor-09/27/2023   Waived-Lender granted exception for 10 NSF's - see page 633 - Due Diligence Vendor-09/27/2023

   Revolving debt is under 30%, Residual income >=$3000, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Reserves>6 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA Originator Pre-Close Yes 1179702
XXXXXXX-2023-NQM5-535     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-536     B B A A A A B B Closed FVAL9739 2023-09-27 15:22 2023-09-27 15:22 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type Material: Insurance
Short Description named storm 10% deductible
Comments Master policy has 10% deductible for named storms. all other terms within guidelines.
Exception form is on page #1042 - Due Diligence Vendor-09/27/2023		   Waived-Exception Type Material: Insurance
Short Description named storm 10% deductible
Comments Master policy has 10% deductible for named storms. all other terms within guidelines.
Exception form is on page #1042 - Due Diligence Vendor-09/27/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1180671
XXXXXXX-2023-NQM5-537     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-538     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-538     C B C A A A B B Closed FCRE3931 2023-09-28 13:49 2023-10-09 07:58 Resolved 1 - Information C A Credit Eligibility Other Credit Finding 1 Resolved-DTI updated to 50.98 - Due Diligence Vendor-10/09/2023
Ready for Review-Document Uploaded. sr UW made the corrections, now taxes and Insurance included in DTI, please see updated docs. DTI at 50.59 but at LTV of [redacted], 761 FICO purchase OO we can go 55 per matrix - Seller-10/09/2023
Open-Taxes and insurance for [redacted] were not included in DTI.  This is the exiting home that will be retained for [redacted].  Need documents to support omission from DTI. - Due Diligence Vendor-09/28/2023		 Ready for Review-Document Uploaded. sr UW made the corrections, now taxes and Insurance included in DTI, please see updated docs. DTI at 50.59 but at LTV of [redacted], 761 FICO Purchase OO we can go 55 per matrix - Seller-10/09/2023

 Resolved-DTI updated to 50.98 - Due Diligence Vendor-10/09/2023

     1050472_1008.pdf

Tape NON QM_ 9-22-23_Sep2023.xlsx

1050472_Approval letter.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1183472
XXXXXXX-2023-NQM5-538     C B C A A A B B Closed FCRE9806 2023-09-28 13:48 2023-10-03 08:12 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-lender supplied missing docs to support why payment was omitted  - Due Diligence Vendor-10/03/2023

Ready for Review-Document Uploaded. We have 12mo of BS of borrowers sister, [redacted], to prove MTG is paid by others. It also should have been merged before, but I attached here just in case. - Seller-10/03/2023

Open-missing reason why [redacted] on [redacted] credit was omitted.  This is listed as second home with a payment of $ 3497/ mo but only $375 was included for DTI (Taxes and ins).  Need docs to support why rest of payment was omitted.  - Due Diligence Vendor-09/28/2023		 Ready for Review-Document Uploaded. We have 12mo of BS of borrowers sister, [redacted], to prove MTG is paid by others. It also should have been merged before, but I attached here just in case. - Seller-10/03/2023

 Resolved-lender supplied missing docs to support why payment was omitted  - Due Diligence Vendor-10/03/2023

     Note.pdf

6-23.pdf

8-22.pdf

7-22.pdf

6-22.pdf

12-22.pdf

2-23.pdf

4-23.pdf

1-23.pdf

11-22.pdf

5-23.pdf

9-22.pdf

3-23.pdf

10-22.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1183469
XXXXXXX-2023-NQM5-539     C B C A A A B B Closed FPRO116 2023-09-28 07:01 2023-09-28 07:01 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Page 4 Exception - use of Appraisal transferred over 60 days - Due Diligence Vendor-09/28/2023   Waived-Page 4 Exception - use of Appraisal transferred over 60 days - Due Diligence Vendor-09/28/2023

   LTV > 10% below progrom,Credi Score > 40 points above minimum required,  Reserves > 6 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1181966
XXXXXXX-2023-NQM5-540     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-541     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-542     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-543     B B B B A A A A Closed FCRE1200 2023-09-27 13:48 2023-09-27 13:48 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of [redacted] Exception Type:-Material: Loan Amount<100k
Short Description :- Due to appraisal must lower the LA to be at [redacted] LTV
Need to lower the LA to [redacted].00
Exception page#38 of 85 - Due Diligence Vendor-09/27/2023		   Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of [redacted] Exception Type:-Material: Loan Amount<100k
Short Description :- Due to appraisal must lower the LA to be at [redacted] LTV
Need to lower the LA to [redacted].00
Exception page#38 of 85 - Due Diligence Vendor-09/27/2023

   DSCR=> 1.3 , No credit events past 48 months, 5+ years credit history Great DSCR Ratio over 1.3   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1180294
XXXXXXX-2023-NQM5-544     B B B B A A A A Closed FCRE1493 2023-09-27 12:51 2023-09-27 12:51 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Lender granted exception for 1 tradeline open since 6/23. Valid FICO 742. Cannot provide alternative tradelines - see page 174 - Due Diligence Vendor-09/27/2023   Waived-Lender granted exception for 1 tradeline open since 6/23. Valid FICO 742. Cannot provide alternative tradelines - see page 174 - Due Diligence Vendor-09/27/2023

   DSCR=> 1.3 , No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1180033
XXXXXXX-2023-NQM5-545     B B A A A A B B Closed FVAL9739 2023-09-28 06:46 2023-09-28 06:46 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Comment : Material: Borrower's residency status/ITIN
Short Description : ITIN borrower
Comment : Good afternoon Exception team, ITIN borrower purchasing an investment property with 24 months of bank
statements, FICO is 766 and DTI is low, please approve, thank you!
Exception Form page #1 of 129 - Due Diligence Vendor-09/28/2023		   Waived-Comment : Material: Borrower's residency status/ITIN
Short Description : ITIN borrower
Comment : Good afternoon Exception team, ITIN borrower purchasing an investment property with 24 months of bank
statements, FICO is 766 and DTI is low, please approve, thank you!
Exception Form page #1 of 129 - Due Diligence Vendor-09/28/2023

   Several income sources and DTI below 45%, DTI >=10% lower than loan program, No credit events past 48 months, No consumer
late payments in last 48 months		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1181908
XXXXXXX-2023-NQM5-546     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-547     B B B B A A A A Closed FCRE1440 2023-09-27 17:12 2023-09-27 17:12 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Housing History Does Not Meet Guideline Requirements Exception Type: Material: Credit score
Short Description:-late payment within 12 months
Exception page#523


 - Due Diligence Vendor-09/27/2023		   Waived-Housing History Does Not Meet Guideline Requirements Exception Type: Material: Credit score
Short Description:-late payment within 12 months
Exception page#523


 - Due Diligence Vendor-09/27/2023

   Experienced investor with 2+ investment properties, 5+ years credit history, Reserves>6 months (ineligible for Foreign Nationals)
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1180843
XXXXXXX-2023-NQM5-547     D A D A A A A A Closed FCRE1493 2023-09-27 13:52 2023-10-06 14:30 Resolved 1 - Information C A Credit Eligibility Trade line count does not meet program requirements Resolved-lender omitted because business pays. - Due Diligence Vendor-10/06/2023
Ready for Review-Document Uploaded. Hello, The auto loan with [redacted] which is reflecting on the borrower's credit report is paid by borrower's business [redacted] hence it is excluded as 12-month payment history received. Please find attached  snip for the reference.
 
 - Seller-10/06/2023
Open-Only 1 open tradeline, originator also not using the payment for DTI calculation - Due Diligence Vendor-09/27/2023		 Ready for Review-Document Uploaded. Hello, The auto loan with [redacted] which is reflecting on the borrower's credit report is paid by borrower's business [redacted] hence it is excluded as 12-month payment history received. Please find attached  snip for the reference.
 
 - Seller-10/06/2023

 Resolved-lender omitted because business pays. - Due Diligence Vendor-10/06/2023

     image.png Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1180330
XXXXXXX-2023-NQM5-548     D A D A A A A A Closed FCOM4028 2023-09-28 14:54 2023-10-02 11:18 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-10/02/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-09/28/2023		   Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-10/02/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1183678
XXXXXXX-2023-NQM5-549     B B B B A A A A Closed FCRE1197 2023-09-25 17:21 2023-09-26 14:46 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of 657 is less than Guideline FICO of 680 Exception on page 823

The minimum credit score for rural and agricultural property is 680" Approved with conditions of [redacted] LTV Max & 0.25 to the rate - Due Diligence Vendor-09/25/2023		   Waived-Audited FICO of 657 is less than Guideline FICO of 680 Exception on page 823

The minimum credit score for rural and agricultural property is 680" Approved with conditions of [redacted] LTV Max & 0.25 to the rate - Due Diligence Vendor-09/25/2023

   DTI >=10% lower than loan program, 5+ years credit history, Borrower contribution exceeds requirement >=5%
   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1175341
XXXXXXX-2023-NQM5-550     B B A A A A B B Closed FVAL9739 2023-09-28 09:43 2023-09-28 09:43 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type
Material: Appraisal
Short Description :DSCR Condo studio 438 Sq feet
Comments :DSCR Condo studio 438 Sq feet

Exception page #  955
 - Due Diligence Vendor-09/28/2023		   Waived-Exception Type
Material: Appraisal
Short Description :DSCR Condo studio 438 Sq feet
Comments :DSCR Condo studio 438 Sq feet

Exception page #  955
 - Due Diligence Vendor-09/28/2023

  
Borrower contribution exceeds requirement >=5%, No credit events past 48 months, No mortgage late payments in last 24 months		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1182671
XXXXXXX-2023-NQM5-551     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-552     B B B B A A A A Closed FCRE6843 2023-09-27 16:03 2023-09-27 16:03 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception on page 268

NSFs > 3 within 12 months

Approved with conditions +0.5 to the rate, 40% ltv max  - Due Diligence Vendor-09/27/2023		   Waived-Exception on page 268

NSFs > 3 within 12 months

Approved with conditions +0.5 to the rate, 40% ltv max  - Due Diligence Vendor-09/27/2023

   Revolving debt is under 30%, 5+ years credit history, LTV 10% below maximum   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1180773
XXXXXXX-2023-NQM5-552     D B C A D A B B Closed FCOM1221 2023-09-28 05:31 2023-10-03 14:24 Resolved 1 - Information D A Compliance Missing Doc The Deed of Trust is Incomplete Resolved-recorded doc with corrected notary now present - Due Diligence Vendor-10/03/2023

Ready for Review-Document Uploaded. Please see recorded Mortgage with the Notary page in attachment - Seller-10/03/2023

Open-The Deed of Trust is Incomplete date for personally appeared on Notary page is blank - Due Diligence Vendor-09/28/2023		 Ready for Review-Document Uploaded. Please see recorded Mortgage with the Notary page in attachment - Seller-10/03/2023

 Resolved-recorded doc with corrected notary now present - Due Diligence Vendor-10/03/2023

     Recorded Mortgage.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1181734
XXXXXXX-2023-NQM5-552     D B C A D A B B Closed FCRE1493 2023-09-28 06:57 2023-09-29 13:30 Resolved 1 - Information C A Credit Eligibility Trade line count does not meet program requirements Resolved-lender revised their lock and now have new lock showing Prime. Limited trade allowed under this program.  corrected lock now present. - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded. Please see the latest Lock Confirmation in attachment reflecting correct loan program. - Seller-09/29/2023

Counter-Incorrect.  the limited tradeline is only allowed under PRIME.  Guidelines say When qualifying with Limited Tradelines, a no FICO (0 FICO) (if no score exists) or Representative Loan Score is used to qualify the borrower under Prime. - Due Diligence Vendor-09/29/2023

Ready for Review-Per our GL, borrower meets the Limited Tradelines requirements if a transaction is a purchase 10% minimum borrower contribution for owner occupied property are required. - Seller-09/29/2023

Open-missing 1 more alt credit trade.  used VOR(over 24 months) but borrower needs two and no account on credit are opened more than 9 months - Due Diligence Vendor-09/28/2023		 Ready for Review-Document Uploaded. Please see the latest Lock Confirmation in attachment reflecting correct loan program. - Seller-09/29/2023

 Ready for Review-Per our GL, borrower meets the Limited Tradelines requirements if a transaction is a purchase 10% minimum borrower contribution for owner occupied property are required. - Seller-09/29/2023

 Resolved-lender revised their lock and now have new lock showing Prime. Limited trade allowed under this program.  corrected lock now present. - Due Diligence Vendor-09/29/2023

     Lock сonfirmation.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1181944
XXXXXXX-2023-NQM5-553     D B C A D A B B Closed FVAL9739 2023-09-28 07:32 2023-09-28 07:32 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Appraisal not meeting [redacted] new construction guidelines
Comments Appraisal with full interior and exterior property inspection and SSRs to support this loan request. SFR/PUD: 1004. **
08/29 For Collateral to review //8/29 ***Exception is required. To meet [redacted] new construction guidelines, all comparable
sales must be located within 4 miles of the subject. At least 2 closed comparable sales must be located within the same
neighborhood as the subject. Please approve appraisal as is. LTV low and new construction - Due Diligence Vendor-09/28/2023		   Waived-Appraisal not meeting AD new construction guidelines
Comments Appraisal with full interior and exterior property inspection and SSRs to support this loan request. SFR/PUD: 1004. **
08/29 For Collateral to review //8/29 ***Exception is required. To meet [redacted] new construction guidelines, all comparable
sales must be located within 4 miles of the subject. At least 2 closed comparable sales must be located within the same
neighborhood as the subject. Please approve appraisal as is. LTV low and new construction - Due Diligence Vendor-09/28/2023

   Revolving debt is under 30%, DTI >=10% lower than loan program, No credit events past 48 months, No consumer late payments in last 48
months, Credit score >40 points than minimum required, Borrower contribution exceeds requirement >=5%
Pg. 492		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1182135
XXXXXXX-2023-NQM5-554     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-555     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-556     C A C A A A A A Closed FCRE1485 2023-09-27 19:19 2023-10-03 14:31 Resolved 1 - Information C A Credit Assets Asset 7 Does Not Meet Guideline Requirements Resolved-donor proof now present. - Due Diligence Vendor-10/03/2023

Ready for Review-Document Uploaded. Please see Verification of transaction in attachment in attachment - Seller-10/03/2023

Open-Asset 7 Does Not Meet Guideline Requirements Please provide donor proof of $50,000.00 - Due Diligence Vendor-09/28/2023		 Ready for Review-Document Uploaded. Please see Verification of transaction in attachment in attachment - Seller-10/03/2023

 Resolved-donor proof now present. - Due Diligence Vendor-10/03/2023

     Verification of transaction.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1180920
XXXXXXX-2023-NQM5-557     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-558     B B A A A A B B Closed FPRO116 2023-09-28 11:07 2023-09-28 11:07 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Page 1047 - Exception to not use the oversupply comment on appraisal 2 -subject is new construction which would limit LTV t0 60%. Appraisal 1 was the appraisal used for value and lists the subject as in balance - Due Diligence Vendor-09/28/2023   Waived-Page 1047 - Exception to not use the oversupply comment on appraisal 2 -subject is new construction which would limit LTV t0 60%. Appraisal 1 was the appraisal used for value and lists the subject as in balance - Due Diligence Vendor-09/28/2023

    No mortgage lates last 24 months, No consumer lates last 48 months, 5 yrs current job, 10  yrs same line of employment, No credit events past 48 months, Reserves > 6 months.   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1182927
XXXXXXX-2023-NQM5-559     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-560     C B A A C B A A Closed 2400020-HighCost-Fees 2023-09-28 12:43 2023-10-11 10:32 Cured 2 - Non-Material C B Compliance Mavent HighCost: Fees Cured-Lender in good faith issued $294.77 fee refund to eliminate high cost finding. Finding is cured. - Due Diligence Vendor-10/11/2023
Ready for Review-Document Uploaded.  - Seller-10/10/2023
Counter- - Due Diligence Vendor-10/04/2023
Counter-This is a state high cost failure. The APR (8.46%) exceeds the conventional mortgage rate (6.74%) by more than 1 point. Reference: [redacted] Code § 37-23-20(5). "Conventional conforming discount points" means loan discount points knowingly paid by the borrower for the purpose of reducing, and which in fact result in a bona fide reduction of, the interest rate applicable to the loan, so long as the home loan has an annual percentage rate that does not exceed the conventional mortgage rate by more than one percentage point. - Due Diligence Vendor-10/04/2023
Ready for Review-Document Uploaded. Please see attached  - Seller-09/29/2023
Open-The loan fees ($9,806.95) exceed the ([redacted]) High Cost fee limit, which is ($9,512.18), the difference is ($294.77). - Due Diligence Vendor-09/28/2023		 Ready for Review-Document Uploaded.  - Seller-10/10/2023

 Ready for Review-Document Uploaded. Please see attached  - Seller-09/29/2023

 Cured-Lender in good faith issued $294.77 fee refund to eliminate high cost finding. Finding is cured. - Due Diligence Vendor-10/11/2023

     Mavent.pdf

PCCD 1053311.pdf

check.pdf

LOX to borrower.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1183245
XXXXXXX-2023-NQM5-561     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-562     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-563     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-563     C A C A A A A A Closed FCRE1480 2023-09-28 13:56 2023-10-13 09:58 Resolved 1 - Information C A Credit Assets Asset 2 Does Not Meet Guideline Requirements Resolved-proof borrower owns account present. - Due Diligence Vendor-10/13/2023
Ready for Review-Document Uploaded. Please find CPA letter for the [redacted] - Seller-10/12/2023
Open-Asset Record 2 Does Not Meet G/L Requirements Business account considered : pg.# 98&118. Need supporting document to verify that the borrower is the owner of this business:-  [redacted]
Note: EMD is also deducted from this account.  - Due Diligence Vendor-09/28/2023		 Ready for Review-Document Uploaded. Please find CPA letter for the [redacted] - Seller-10/12/2023

 Resolved-proof borrower owns account present. - Due Diligence Vendor-10/13/2023

     1051911_CPA letter.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1183493
XXXXXXX-2023-NQM5-564     C A C A A A A A Closed FCRE1248 2023-09-29 15:31 2023-10-11 08:33 Resolved 1 - Information C A Credit Eligibility Purchase is not considered to be an Arm's Length Transaction Resolved-addressed the borrower is the realtor. - Due Diligence Vendor-10/11/2023

Ready for Review-Document Uploaded. Please see the collateral UW response attached - Seller-10/10/2023

Open-purchase is not considered to be an Arm's Length Transaction Non-arm's length transactions are subject to all of the following requirements: 1st point is Primary residence only. This is an Investment loan.  Confirm listing agent is not borrower.  Unable to determine name of listing agent - Due Diligence Vendor-09/29/2023		 Ready for Review-Document Uploaded. Please see the collateral UW response attached - Seller-10/10/2023

 Resolved-addressed the borrower is the realtor. - Due Diligence Vendor-10/11/2023

     RE_1051911 Sibre - DD conditions.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1186460
XXXXXXX-2023-NQM5-565     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-566     B B B B A A A A Closed FCRE1158 2023-09-28 16:14 2023-10-02 07:35 Waived 2 - Non-Material B B Credit Missing Doc Hazard Insurance Policy is Partial Waived-Exception Type:-Non-Material: Insurance
Short Description:-Insurance is not annual
Hello! Dear team, could you please give us exception for the insurance as it is not annual and there is no way to correct it. UW1 advised to apply for an exception in this case. The borrower has a great credit report and DSCR is very good. Thank you!
Exception form Page# 439 - Due Diligence Vendor-09/28/2023		   Waived-Exception Type:-Non-Material: Insurance
Short Description:-Insurance is not annual
Hello! Dear team, could you please give us exception for the insurance as it is not annual and there is no way to correct it. UW1 advised to apply for an exception in this case. The borrower has a great credit report and DSCR is very good. Thank you!
Exception form Page# 439 - Due Diligence Vendor-09/28/2023

   DSCR=> 1.3 , No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1183836
XXXXXXX-2023-NQM5-567     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-567     B B B B A A A A Closed FCRE1174 2023-09-28 17:12 2023-09-28 17:12 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Exception Type :- Material: Appraisal
Short Description :- Master policy preiod
Comments :- Hi Team, please see the attached master policy. The HOA says, that they are shopping around every 6 months to find cheaper policy as it is too expensive these days.
Exception form available on page no 290 of 291 - Due Diligence Vendor-09/28/2023		   Waived-Exception Type :- Material: Appraisal
Short Description :- Master policy preiod
Comments :- Hi Team, please see the attached master policy. The HOA says, that they are shopping around every 6 months to find cheaper policy as it is too expensive these days.
Exception form available on page no 290 of 291 - Due Diligence Vendor-09/28/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, Reserves>6 months (ineligible for Foreign Nationals)   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1183896
XXXXXXX-2023-NQM5-568     B B B B A A A A Closed FCRE1164 2023-09-28 17:11 2023-09-28 17:11 Waived 2 - Non-Material B B Credit Missing Doc Flood Insurance Policy Missing Waived-Exception Type :- Non-Material: Appraisal
Short Description :- Individual flood insurance
Comments :- Hello team, can you please provide an exception to proceed with individual flood insurance policy instead of Master?
Exception form available on page #289 of 291 - Due Diligence Vendor-09/28/2023		   Waived-Exception Type :- Non-Material: Appraisal
Short Description :- Individual flood insurance
Comments :- Hello team, can you please provide an exception to proceed with individual flood insurance policy instead of Master?
Exception form available on page #289 of 291 - Due Diligence Vendor-09/28/2023

   LTV 10% below maximum, No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1183890
XXXXXXX-2023-NQM5-569     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-570     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-571     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-572     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-572     D B D B A A A A Closed FCRE6019 2023-10-02 14:39 2023-10-06 14:44 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-lender updated their records to non perm - Due Diligence Vendor-10/06/2023

Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please find response from our Senior UW attached - Seller-10/06/2023

Open-As per final 1003, borrower is PRA. Borrower to provide front and back Copy of PRA card. VISA Waiver for [redacted] is for Foreign Nationals only, not permanent residents - Due Diligence Vendor-10/02/2023		 Ready for Review-Document Uploaded. Please find response from our Senior UW attached - Seller-10/06/2023

 Resolved-lender updated their records to non perm - Due Diligence Vendor-10/06/2023

 Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-10/06/2023

     Re_ 1053619 Doucette.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A 1189086
XXXXXXX-2023-NQM5-573     D B D B A A A A Closed FCRE5770 2023-10-02 12:33 2023-10-02 12:33 Waived 2 - Non-Material B B Credit Missing Doc Borrower 1 Credit Report is Missing Waived-Exception Type :- Material: Borrower's residency status/ITIN , Credit report, Income
Short Description :- Requesting to use [redacted] business income and [redacted] Credit
Comments :- The borrower is new to the US and is opening the same business as the one in [redacted]. The [redacted] business will remain open while our borrower resides in the US. Borrower has no US credit score.
Exception form available on page #17 of 98 - Due Diligence Vendor-10/02/2023		   Waived-Exception Type :- Material: Borrower's residency status/ITIN , Credit report, Income
Short Description :- Requesting to use [redacted] business income and [redacted] Credit
Comments :- The borrower is new to the US and is opening the same business as the one in [redacted]. The [redacted] business will remain open while our borrower resides in the US. Borrower has no US credit score.
Exception form available on page #17 of 98 - Due Diligence Vendor-10/02/2023

   DTI >=10% lower than loan program, No mortgage late payments in last 24 months, Reserves>6 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1188784
XXXXXXX-2023-NQM5-574     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-575     B B B B A A A A Closed FCRE6763 2023-09-29 09:30 2023-09-29 09:30 Waived 2 - Non-Material B B Credit Income/Employment Income documentation does not meet guidelines Waived-Exception Type:-Material: Income
Short Description :-To use 1099s from 2 separate employers, but both are for at least 12 months - borrower currently has 2 separate sources of qualifying 1099 income
Credit and appraisal attached. File in process.
Exception form page#117 of 262

 - Due Diligence Vendor-09/29/2023		   Waived-Exception Type:-Material: Income
Short Description :-To use 1099s from 2 separate employers, but both are for at least 12 months - borrower currently has 2 separate sources of qualifying 1099 income
Credit and appraisal attached. File in process.
Exception form page#117 of 262

 - Due Diligence Vendor-09/29/2023

   Revolving debt is under 30%, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score>40 points than minimum required.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1185361
XXXXXXX-2023-NQM5-576     B B B B A A A A Closed FCRE2515 2023-09-29 11:16 2023-09-29 11:16 Waived 2 - Non-Material B B Credit Eligibility Credit history does not meet guidelines Waived-Exception Type Material: Credit report
Short Description Light trades
Comments See all attached ,, FULL INCOME borrower
Exception form is on page #854 - Due Diligence Vendor-09/29/2023		   Waived-Exception Type Material: Credit report
Short Description Light trades
Comments See all attached ,, FULL INCOME borrower
Exception form is on page #854 - Due Diligence Vendor-09/29/2023

   Revolving debt is under 30%, 5 years on current job, DTI >=10% lower than loan program, No credit events past 48 months, LTV
10% below maximum, Credit score >40 points than minimum required		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1185707
XXXXXXX-2023-NQM5-577     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-578     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-578     D B D B A A A A Closed FCOM4028 2023-10-04 07:27 2023-10-04 09:13 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-10/04/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-10/04/2023		   Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-10/04/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1192649
XXXXXXX-2023-NQM5-578     D B D B A A A A Closed FCRE9065 2023-09-29 11:45 2023-09-29 11:45 Waived 2 - Non-Material B B Credit Eligibility Interest rate per executed note does not meet program requirements Waived-Exception page 936

Broker has quote from [redacted], 7.625% with 98.125 pricing. Our pricing is 97.00 on the same sceanrio, looking to meet them halfway and offer 98.500

Approved with conditions of : 7.625% with 1.5 discount points, [redacted] CLTV max, must lock no later than on 9/8. Collection accounts must be paid off or factored into DT
 - Due Diligence Vendor-09/29/2023		   Waived-Exception page 936

Broker has quote from [redacted], 7.625% with 98.125 pricing. Our pricing is 97.00 on the same sceanrio, looking to meet them halfway and offer 98.500

Approved with conditions of : 7.625% with 1.5 discount points, [redacted] CLTV max, must lock no later than on 9/8. Collection accounts must be paid off or factored into DT
 - Due Diligence Vendor-09/29/2023

   No credit events past 48 months, LTV 10% below maximum, Reserves>6 months
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1185804
XXXXXXX-2023-NQM5-579     D B D B A A A A Closed FCRE6843 2023-09-29 11:37 2023-09-29 11:37 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception on page 932

4 NSFs for the past 12 months vs 3 max allowed

Approved as is - Due Diligence Vendor-09/29/2023		   Waived-Exception on page 932

4 NSFs for the past 12 months vs 3 max allowed

Approved as is - Due Diligence Vendor-09/29/2023

   Revolving debt is under 30%, Residual income >=$3000, DTI >=10% lower than loan program, 5+ years credit history, LTV 10% below maximum,
Credit score >40 points than minimum required		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1185782
XXXXXXX-2023-NQM5-580     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-581     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-582     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-583     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-584     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000      
XXXXXXX-2023-NQM5-585     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-586     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-587     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-588     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-589     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-590     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-591     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated      
XXXXXXX-2023-NQM5-592     B B B B A A A A Closed FCRE6843 2023-10-02 08:48 2023-10-03 13:09 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception type: Borrower's assets
Comments: Mother daughter and son all buying, borrower only has 2.5% (10K) other money is gift from mom and son.
Exception form is on page#902 - Due Diligence Vendor-10/02/2023		   Waived-Exception type: Borrower's assets
Comments: Mother daughter and son all buying, borrower only has 2.5% (10K) other money is gift from mom and son.
Exception form is on page#902 - Due Diligence Vendor-10/02/2023

   No credit events past 48 months, 5+years credit history, credit score>40 points than minimum required.
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1188215
XXXXXXX-2023-NQM5-593     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-594     C A A A C A A A Closed FCOM3605 2023-10-02 12:24 2023-10-06 11:24 Resolved 1 - Information C A Compliance TRID TRID: CD not delivered at least 3 days prior to consummation Resolved-received proof of delivery - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded.  - Seller-10/06/2023

Open-provide evidence that Revised Closing Disclosure  issued on 09/20/2023  was signed electronically - Due Diligence Vendor-10/02/2023		 Ready for Review-Document Uploaded.  - Seller-10/06/2023

 Resolved-received proof of delivery - Due Diligence Vendor-10/06/2023

     Package Details - DocMagic.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000 N/A N/A 1188763
XXXXXXX-2023-NQM5-595     B B A A A A B B Closed FVAL9739 2023-10-02 10:51 2023-10-02 10:51 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception on page 242

Transferred appraisal more than 12 days past 60 days old at submission

Approved with conditions of must close before 120 days, value review required - only valid if CUW clears the property value  - Due Diligence Vendor-10/02/2023		   Waived-Exception on page 242

Transferred appraisal more than 12 days past 60 days old at submission

Approved with conditions of must close before 120 days, value review required - only valid if CUW clears the property value  - Due Diligence Vendor-10/02/2023

   5 years on current job, DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24 months, 5+
years credit history, No consumer late payments in last 48 months		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1188548
XXXXXXX-2023-NQM5-596     B B B B A A A A Closed FCRE6843 2023-10-02 09:05 2023-10-02 09:05 Waived 2 - Non-Material B B Credit Assets Asset General Waived-P&L program now requires bwr put 20% own funds. Lender exception to accept 12% from Bwr and rest gift. Page 1. - Due Diligence Vendor-10/02/2023   Waived-P&L program now requires bwr put 20% own funds. Lender exception to accept 12% from Bwr and rest gift. Page 1. - Due Diligence Vendor-10/02/2023

   No credit events past 48 months, 5+ yrs credit history, 5+ yrs employment history (removed Bwr contribution exceeds 5% as the exception is for the lack of required bwr contribution).   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1188267
XXXXXXX-2023-NQM5-597     B B A A A A B B Closed FVAL9739 2023-10-02 15:30 2023-10-02 15:30 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type
Material: Appraisal
Short Description:
Use BPO instead of original appraisal value.
Comments :
Good day credit committee. We are requesting to use the BPO value instead of original appraised value. File LA is [redacted]. With original appraisal, we were at [redacted] LTV. With BPO, we are at [redacted]. DSCR value is extremely high, and broker is ok with using lower value. Thank you for your consideration

Exception page 747 - Due Diligence Vendor-10/02/2023		   Waived-Exception Type
Material: Appraisal
Short Description:
Use BPO instead of original appraisal value.
Comments :
Good day credit committee. We are requesting to use the BPO value instead of original appraised value. File LA is [redacted]. With original appraisal, we were at [redacted] LTV. With BPO, we are at [redacted]. DSCR value is extremely high, and broker is ok with using lower value. Thank you for your consideration

Exception page 747 - Due Diligence Vendor-10/02/2023

   DSCR=> 1.3 , 2+ borrowers on the loan, LTV 10% below maximum, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, Reserves>6 months (ineligible for Foreign Nationals)   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1189222
XXXXXXX-2023-NQM5-598     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-599     A A A A A A A A             A A                   QM: Rebuttable Presumption (APOR) QM: Rebuttable Presumption (APOR) [redacted] [redacted] Second Home Purchase NA      
XXXXXXX-2023-NQM5-600     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-601     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated      
XXXXXXX-2023-NQM5-602     B B B B A A A A Closed FCRE8611 2023-10-03 09:15 2023-10-04 15:09 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Exception Type :-Material: Income
Short Description :-Borrower is using personal bank statements with his mother on the statements. Requesting to proceed as is with only [redacted] on the loan.
Explanation from our par[redacted]er. LOE from [redacted] can be provided. "Good afternoon I am currently working on the conditions for this file and I'm ready to upload most of the conditions the last condition states that there is a another person on his bank statement and we need to add them on the mortgage loan… However, that is his mom who he originally opened his account with many many many years ago when he was a teenager and we are do not want to add her on there, because she has nothing to do with his business at all OK I need to know if this can be waived have this can be handled as soon as possible".
Exception form page#755
 - Due Diligence Vendor-10/03/2023		   Waived-Exception Type :-Material: Income
Short Description :-Borrower is using personal bank statements with his mother on the statements. Requesting to proceed as is with only [redacted] on the loan.
Explanation from our par[redacted]er. LOE from [redacted] can be provided. "Good afternoon I am currently working on the conditions for this file and I'm ready to upload most of the conditions the last condition states that there is a another person on his bank statement and we need to add them on the mortgage loan… However, that is his mom who he originally opened his account with many many many years ago when he was a teenager and we are do not want to add her on there, because she has nothing to do with his business at all OK I need to know if this can be waived have this can be handled as soon as possible".
Exception form page#755
 - Due Diligence Vendor-10/03/2023

   Revolving debt is under 30%, DTI >=10% lower than loan program, No mortgage late payments in last 24 months, LTV 10% below maximum   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1190635
XXXXXXX-2023-NQM5-603     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-604     A A A A A A A A Closed FCRE9991 2023-10-04 12:36 2023-10-05 15:11 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-DSCR now matches.  Original file did not contain any notes about UW discretion and that bumped up the 1007by an additional 25%.  Clarification now provided and is cleared - Due Diligence Vendor-10/05/2023

Ready for Review-Please refer to GL 6.6.13.Per underwriter 1007 +25% above was used because the lease agreement shows significantly higher monthly rent in compare to 1007 estimated amount, which is $1280 monthly - Seller-10/05/2023

Open-DSCR score difference is by 0.58
* On 1008 no rent declared and it seems Lender considered $1600 so the Originator score is 1.04
 * Docs in file, 1007 page 100 & Lease on page#618, reflect $2500.  PITI Matches.  No other doc indicator to support this number is present in this file.  Note:- DSCR score should be 1.62 :-  $2.500/$1543.05  - Due Diligence Vendor-10/04/2023		 Ready for Review-Please refer to GL 6.6.13.Per underwriter 1007 +25% above was used because the lease agreement shows significantly higher monthly rent in compare to 1007 estimated amount, which is $1280 monthly - Seller-10/05/2023

 Resolved-DSCR now matches.  Original file did not contain any notes about UW discretion and that bumped up the 1007by an additional 25%.  Clarification now provided and is cleared - Due Diligence Vendor-10/05/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1193652
XXXXXXX-2023-NQM5-604     C B B B C A A A Closed FCOM9175 2023-10-03 16:10 2023-10-06 14:48 Resolved 1 - Information C A Compliance TRID TRID: Closing Disclosure not received by the borrower 3 days prior to consummation Resolved-proof sent electronically in file - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Hello, please find attached.  - Seller-10/06/2023

Open-Please provide evidence that Revised CD issued on 09/18/2023 was sent electronically to the borrower. (PR) - Due Diligence Vendor-10/03/2023		 Ready for Review-Document Uploaded. Hello, please find attached.  - Seller-10/06/2023

 Resolved-proof sent electronically in file - Due Diligence Vendor-10/06/2023

     image.png Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance No Cash Out - Borrower Initiated N/A N/A 1191747
XXXXXXX-2023-NQM5-604     C B B B C A A A Closed FCRE1441 2023-10-03 15:30 2023-10-03 15:30 Waived 2 - Non-Material B B Credit Eligibility Delinquent Credit History Does Not Meet Guideline Requirements Waived-Exception Type Non-Material: Credit report
Short Description Exception for mortgage history per UW
Comments Hello Team, this loan is approved as a 24 month bank statement R/T Refi. Underwriting is requesting an exception due
mortgage history. This is a good loan with low LTV. UW Comment: To recap the current lender [redacted]/[redacted]
is not forthcoming with documentation and they will not provide additional info. The August payment has not been made
because it is going to be paid in full with this transaction and the servicer is just charging higher and higher interest since it
is a hard money loan. The WVOVE below box 10 reflects the mortgage is NOT current and we have confirmed August has
not been paid so we will need to consider this as a 30 day late. That being the case we are no longer eligible for the super
prime program. Exception is to allow mortgage late on hard money loan and keep current program. Attached is a copy of
the credit report, vom, payoff ltr for reference. Thanks for your consideration
Exception form is on page#572 - Due Diligence Vendor-10/03/2023		   Waived-Exception Type Non-Material: Credit report
Short Description Exception for mortgage history per UW
Comments Hello Team, this loan is approved as a 24 month bank statement R/T Refi. Underwriting is requesting an exception due
mortgage history. This is a good loan with low LTV. UW Comment: To recap the current lender [redacted]/[redacted]
is not forthcoming with documentation and they will not provide additional info. The August payment has not been made
because it is going to be paid in full with this transaction and the servicer is just charging higher and higher interest since it
is a hard money loan. The WVOVE below box 10 reflects the mortgage is NOT current and we have confirmed August has
not been paid so we will need to consider this as a 30 day late. That being the case we are no longer eligible for the super
prime program. Exception is to allow mortgage late on hard money loan and keep current program. Attached is a copy of
the credit report, vom, payoff ltr for reference. Thanks for your consideration
Exception form is on page#572 - Due Diligence Vendor-10/03/2023

   No credit events past 48 months, 5+ years credit history, LTV 10% below maximum   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1191710
XXXXXXX-2023-NQM5-605     C B B B C A A A Closed FCRE6843 2023-10-03 15:29 2023-10-03 15:29 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception Type Material: NSF/overdrafts
Short Description Exception request per UW Condition
Comments Hello Team, this loan is approved as a 24 month bank statement R/T Refi. Underwriting is requesting an
exception due to negative balance showing on bank statements. UW Condition: Approved exception form
required for the following: Using two businesses for qualification. Negative balances in each (1) [redacted] - negative
daily balance JULY 2023, JUNE 2023, MAY 2023, APRIL 2023, (2) [redacted]- negative daily balance JULY
2023, JUNE 2023, MAY 2023, MARCH 2023, DECEMBER 2021, NOVEMBER 2021. Good loan with low LTV.
Attached is a copy of the credit report and LOE for review. Thanks for your consideration.
Exception form is on page #571 - Due Diligence Vendor-10/03/2023		   Waived-Exception Type Material: NSF/overdrafts
Short Description Exception request per UW Condition
Comments Hello Team, this loan is approved as a 24 month bank statement R/T Refi. Underwriting is requesting an
exception due to negative balance showing on bank statements. UW Condition: Approved exception form
required for the following: Using two businesses for qualification. Negative balances in each (1) [redacted] - negative
daily balance JULY 2023, JUNE 2023, MAY 2023, APRIL 2023, (2) [redacted]- negative daily balance JULY
2023, JUNE 2023, MAY 2023, MARCH 2023, DECEMBER 2021, NOVEMBER 2021. Good loan with low LTV.
Attached is a copy of the credit report and LOE for review. Thanks for your consideration.
Exception form is on page #571 - Due Diligence Vendor-10/03/2023

   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1191706
XXXXXXX-2023-NQM5-606     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-606     C A C A A A C A Closed FPRO116 2023-10-03 07:18 2023-10-10 07:15 Resolved 1 - Information C A Property Property Other Property/Value Finding Resolved-corrected doc received. - Due Diligence Vendor-10/10/2023

Ready for Review-Document Uploaded. Please find Revised Appraisal reflecting correct occupancy attached - Seller-10/09/2023

Open-DSCR refi and appraiser marked O/O - Due Diligence Vendor-10/03/2023		 Ready for Review-Document Uploaded. Please find Revised Appraisal reflecting correct occupancy attached - Seller-10/09/2023

 Resolved-corrected doc received. - Due Diligence Vendor-10/10/2023

     SSR_FNM.pdf

SSR_FRE.pdf

127 Verona Ave_Revised.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1190196
XXXXXXX-2023-NQM5-607     C A C A A A C A Closed FCRE9806 2023-10-03 07:17 2023-10-06 11:26 Resolved 1 - Information C A Credit Eligibility Other Credit Finding Resolved-copy of note on other REO now present. - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please find Note attached. I also attach USPS search for confirmation that [redacted] and [redacted] is the same.  - Seller-10/06/2023

Open-need copy of Note for [redacted] loan on [redacted].  Appears this is a new mortgage, not on credit and does not match VOM Lender on page 242 - Due Diligence Vendor-10/03/2023		 Ready for Review-Document Uploaded. Please find Note attached. I also attach USPS search for confirmation that [redacted] and [redacted] is the same.  - Seller-10/06/2023

 Resolved-copy of note on other REO now present. - Due Diligence Vendor-10/06/2023

     Property_ USPS Search.pdf

Post Closing_ Note and Allonge.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated N/A N/A 1190194
XXXXXXX-2023-NQM5-608     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-608     C B C B A A A A Closed FCRE1493 2023-09-29 11:43 2023-10-04 08:01 Resolved 1 - Information C A Credit Eligibility Trade line count does not meet program requirements Resolved-lender clarified program.  Lock has super prime adjustments but the credit adjustment is prime only.  tradelines are clear - Due Diligence Vendor-10/04/2023

Ready for Review-Please note, that the loan is not Super-Prime. It’s Prime.  - Seller-10/03/2023

Open-need 1 alt credit trade line for 24 months.  1 trade on credit for 60 months.  Loan is SuperPrime - Due Diligence Vendor-09/29/2023		 Ready for Review-Please note, that the loan is not Super-Prime. It’s Prime.  - Seller-10/03/2023

 Resolved-lender clarified program.  Lock has super prime adjustments but the credit adjustment is prime only.  tradelines are clear - Due Diligence Vendor-10/04/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1185799
XXXXXXX-2023-NQM5-609     C B C B A A A A Closed FCRE1174 2023-09-29 11:31 2023-09-29 11:31 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Condo Master insurance has 10% named storm deductible.
Comments
 - Due Diligence Vendor-09/29/2023		   Waived-Condo Master insurance has 10% named storm deductible.
Comments
 - Due Diligence Vendor-09/29/2023

   Compensating Factors
5+ years credit history, LTV 10% below maximum, Credit score >40 points than minimum required, Reserves>6 months
page 629		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1185760
XXXXXXX-2023-NQM5-610     C A C A A A A A Closed FCRE9802 2023-10-03 13:14 2023-10-06 12:27 Resolved 1 - Information C A Credit Eligibility Borrower is First Time Homebuyer and Program Does Not Allow This Resolved-1003 does not indicate any other reo previously owned.  page 111 was a hud from a prior sale.  cleared based on this info - Due Diligence Vendor-10/06/2023

Open-Borrower cannot be first time homebuyer for this program - Due Diligence Vendor-10/03/2023		   Resolved-1003 does not indicate any other reo previously owned.  page 111 was a hud from a prior sale.  cleared based on this info - Due Diligence Vendor-10/06/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1191312
XXXXXXX-2023-NQM5-611     B B B B A A A A Closed FCRE9994 2023-10-03 14:39 2023-10-04 17:37 Waived 2 - Non-Material B B Credit Eligibility Original LTV (OLTV) does not meet eligibility requirement(s) Waived-Exception Type :- Material: DSCR<1 ineligible for LTV/FICO

Short Description :- DSCR Ratio 0.75 =< 1.00

Comments : Current PITIA Payment=$1,959.98 and Current Rent is at $1,758..

Exception form page 17 /134 - Due Diligence Vendor-10/03/2023		   Waived-Exception Type :- Material: DSCR<1 ineligible for LTV/FICO

Short Description :- DSCR Ratio 0.75 =< 1.00

Comments : Current PITIA Payment=$1,959.98 and Current Rent is at $1,758..

Exception form page 17 /134 - Due Diligence Vendor-10/03/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Reserves>6 months (ineligible for Foreign Nationals) Borrower has 22 months reserves   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1191605
XXXXXXX-2023-NQM5-612     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-613     B B B B A A A A Closed FCRE1197 2023-10-03 10:35 2023-10-03 10:35 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of 622 is less than Guideline FICO of 680 Exception on page 799

Rural property with 622 FICO.

Approved with conditions of +0.25 to the rate - Due Diligence Vendor-10/03/2023		   Waived-Audited FICO of 622 is less than Guideline FICO of 680 Exception on page 799

Rural property with 622 FICO.

Approved with conditions of +0.25 to the rate - Due Diligence Vendor-10/03/2023

   Revolving debt is under 30%, Residual income >=$3000, DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late
payments in last 24 months, 5+ years credit history, Reserves>6 months		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1190837
XXXXXXX-2023-NQM5-614     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-614     C B C B A A B B Closed FCRE7375 2023-10-04 11:09 2023-10-06 14:49 Resolved 1 - Information C A Credit Borrower Citizenship Does Not Meet Guideline Requirements Resolved-country name provided - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Looks like [redacted] doesn't populate country of origin though we have this information in [redacted]. It's [redacted]. - Seller-10/06/2023

Open-missing country of origin - Due Diligence Vendor-10/04/2023		 Ready for Review-Document Uploaded. Looks like Doc Magic doesn't populate country of origin though we have this information in [redacted]. It's [redacted]. - Seller-10/06/2023

 Resolved-country name provided - Due Diligence Vendor-10/06/2023

     image.png Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1193338
XXXXXXX-2023-NQM5-614     C B C B A A B B Closed FVAL5474 2023-10-03 13:14 2023-10-03 13:14 Waived 2 - Non-Material B B Property Property Condo project is ineligible Waived-Exception on page 177

Good day credit committee, happy Friday! Request to waive requirement for one entity owning more than 20% of the
units in the project. Thank you for your consideration.

Approved with conditions of +0.25 to the rate - Due Diligence Vendor-10/03/2023		   Waived-Exception on page 177

Good day credit committee, happy Friday! Request to waive requirement for one entity owning more than 20% of the
units in the project. Thank you for your consideration.

Approved with conditions of +0.25 to the rate - Due Diligence Vendor-10/03/2023

   Revolving debt is under 30%, 5 years on current job, 10 years or more in same line of employment, No credit events past 48 months, No mortgage
late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1191311
XXXXXXX-2023-NQM5-615     C B C B A A B B Closed FCRE6019 2023-10-03 11:39 2023-10-03 13:13 Waived 2 - Non-Material B B Credit Missing Doc Citizenship Documentation Not Provided Waived-Borrower 1 Citizenship Documentation Is Missing Foreign ID not provided, only US ID and ITIN letter provided

Exception on page 175

Request to waive condition to verify that all non-US citizen borrowers are able to legally enter or in United States - copy of
EAD, work visa, etc.

Approved with conditions of 0.75 to the rate, 80 LTV max. US ID (DL or state ID) or national passport & ITIN letter from IRS required, cannot use POA, no RON  - Due Diligence Vendor-10/03/2023		   Waived-Borrower 1 Citizenship Documentation Is Missing Foreign ID not provided, only US ID and ITIN letter provided

Exception on page 175

Request to waive condition to verify that all non-US citizen borrowers are able to legally enter or in United States - copy of
EAD, work visa, etc.

Approved with conditions of 0.75 to the rate, 80 LTV max. US ID (DL or state ID) or national passport & ITIN letter from IRS required, cannot use POA, no RON  - Due Diligence Vendor-10/03/2023

   Revolving debt is under 30%, 5 years on current job, 10 years or more in same line of employment, No credit events past 48 months, No mortgage
late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months
Provided borrowers taxes for the past 3 years for proof of history to show his good standing.		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1191034
XXXXXXX-2023-NQM5-616     A A A A A A A A Closed FCRE9991 2023-10-05 05:56 2023-10-10 07:03 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-Document Uploaded. email from lender states they agree with 1.05.  Tape was incorrect.  but now Lender matches. - Due Diligence Vendor-10/10/2023

Counter-Your  math is incorrect.  $54200/ 12= $ 4516.66 x [redacted]= 3387.51.  please fix. - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. [redacted] shows $54,200, so rental income is calculated by formula 54,200/12x0.75=3,589.09. PITIA is 3,225.44, ratio is 1.050. Please clarify why rental income is different by TPR calculating, we always use such formula for [redacted]. - Seller-10/06/2023

Open-There is a difference in the DSCR score by  0.35.
* PITIA $ 3225.44 is considered by Lender  and per document verified TPR considered $3225.44  TPR Considered [redacted] Rent Income $3387.5 on Page #229. - Due Diligence Vendor-10/05/2023		 Ready for Review-Document Uploaded. [redacted] shows $54,200, so rental income is calculated by formula 54,200/12x0.75=3,589.09. PITIA is 3,225.44, ratio is 1.050. Please clarify why rental income is different by TPR calculating, we always use such formula for [redacted]. - Seller-10/06/2023

 Resolved-Document Uploaded. email from lender states they agree with 1.05.  Tape was incorrect.  but now Lender matches. - Due Diligence Vendor-10/10/2023

     image.png

image.png

1052774 Bueno.msg		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1195150
XXXXXXX-2023-NQM5-616     D A D A D A A A Closed FCRE1205 2023-10-02 10:26 2023-10-04 07:51 Resolved 1 - Information C A Credit Eligibility OFAC Check Not Completed and/or Cleared Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-10/04/2023

Ready for Review-Document Uploaded. see attached  - Seller-10/03/2023

Open-OFAC Check Not Completed and/or Cleared - Due Diligence Vendor-10/02/2023		 Ready for Review-Document Uploaded. see attached  - Seller-10/03/2023

 Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-10/04/2023

     Fraud Guard.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1188482
XXXXXXX-2023-NQM5-616     D A D A D A A A Closed FCRE1201 2023-10-02 10:26 2023-10-04 07:51 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-10/04/2023

Ready for Review-Document Uploaded. see attached - Seller-10/03/2023

Open-Missing Third Party Fraud Report - Due Diligence Vendor-10/02/2023		 Ready for Review-Document Uploaded. see attached - Seller-10/03/2023

 Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-10/04/2023

     Fraud Guard.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1188483
XXXXXXX-2023-NQM5-616     D A D A D A A A Closed FCRE9991 2023-10-02 10:36 2023-10-04 07:50 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-tape updated to correct DTI - Due Diligence Vendor-10/04/2023

Ready for Review-Document Uploaded. see attached  - Seller-10/03/2023

Open-DTI - Bwr paying off ex spouse and arrears of child support, however original bi weekly C/S obligation appears to be still in effect - see page 190. UTD if obligation is met - Divorce decree reflects at least 1 minor child. $243 bi-weekly = $6,318 / 12 =$526.50 monthly.
DTI should be 40.63%. Approval is 30.20% .  PITI  = $1,469.74 + Credit Report Debts of $55 + $526.50 Remaining Child Support Obligation = $2,051.24 / $5,049.20 Income = 40.63%. - Due Diligence Vendor-10/02/2023		 Ready for Review-Document Uploaded. see attached  - Seller-10/03/2023

 Resolved-tape updated to correct DTI - Due Diligence Vendor-10/04/2023

     corrected tape.xlsx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1188508
XXXXXXX-2023-NQM5-616     D A D A D A A A Closed FCOM1797 2023-10-02 11:20 2023-10-04 07:49 Resolved 1 - Information D A Compliance Missing Doc Missing Service Provider List Resolved-SSPL now present - Due Diligence Vendor-10/04/2023

Ready for Review-Document Uploaded. see attached  - Seller-10/03/2023

Open- - Due Diligence Vendor-10/02/2023		 Ready for Review-Document Uploaded. see attached  - Seller-10/03/2023

 Resolved-SSPL now present - Due Diligence Vendor-10/04/2023

     SSPL.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1188600
XXXXXXX-2023-NQM5-617     D A D A D A A A Closed FCOM1266 2023-10-02 09:55 2023-10-04 07:48 Resolved 1 - Information D A Compliance Missing Doc Homeownership Counseling Disclosure Is Missing Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-10/04/2023

Ready for Review-Document Uploaded. please see attached  - Seller-10/03/2023

Open-Homeownership Counseling Disclosure Is Missing Missing HC and Taxpayer consent - Due Diligence Vendor-10/02/2023		 Ready for Review-Document Uploaded. please see attached  - Seller-10/03/2023

 Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-10/04/2023

     Taxpayer consent.pdf

Counseling.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1188419
XXXXXXX-2023-NQM5-618     B B B B A A A A Closed FCRE1200 2023-10-04 11:03 2023-10-04 11:51 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $100000 Comment : Loan amount is [redacted] with [redacted] LTV
Comment : Hi Team, please review if we can go forward with [redacted] loan amount. The borrower wants to get rid of hard money loan. Thank you!
Exception form : Page #263 of 264
 - Due Diligence Vendor-10/04/2023		   Waived-Audited Loan Amount of [redacted] is less than the Guideline Minimum Loan Amount of $100000 Comment : Loan amount is [redacted] with [redacted] LTV
Comment : Hi Team, please review if we can go forward with [redacted] loan amount. The borrower wants to get rid of hard money loan. Thank you!
Exception form : Page #263 of 264
 - Due Diligence Vendor-10/04/2023

   Experienced investor with 2+ investment properties, Borrower contribution exceeds requirement >=5%, No credit events past 48
months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit
score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1193320
XXXXXXX-2023-NQM5-619     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-620     B B B B A A A A Closed FCRE6843 2023-10-03 15:45 2023-10-03 15:45 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception on page 788

4 NSF's in last 12 months

Approved with conditions of +0.25 to the rate - Due Diligence Vendor-10/03/2023		   Waived-Exception on page 788

4 NSF's in last 12 months

Approved with conditions of +0.25 to the rate - Due Diligence Vendor-10/03/2023

   Revolving debt is under 30%, Residual income >=$3000, DTI >=10% lower than loan program, No credit events past 48 months, 5+
years credit history, No consumer late payments in last 48 months		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1191721
XXXXXXX-2023-NQM5-621     B B B B A A A A Closed FCRE1197 2023-10-04 11:13 2023-10-04 11:13 Waived 2 - Non-Material B B Credit Eligibility Audited FICO is less than Guideline FICO Waived-Audited FICO of 677 is less than Guideline FICO of 680 Minimum Score for Rural ( subject is zoned Agricultural) is 680. Exception page 1463 to permit Bwr score of 677. - Due Diligence Vendor-10/04/2023   Waived-Audited FICO of 677 is less than Guideline FICO of 680 Minimum Score for Rural ( subject is zoned Agricultural) is 680. Exception page 1463 to permit Bwr score of 677. - Due Diligence Vendor-10/04/2023

   10+ years same line of employment, No mortgage lates last 24 months, LTV > 10% below program minimum.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1193350
XXXXXXX-2023-NQM5-622     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-623     A A A A A A A A             A A                   QM: Rebuttable Presumption (APOR) QM: Rebuttable Presumption (APOR) [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-624     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-625     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-626     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-627     D A A A A A D A Closed FVAL1039 2023-10-05 07:24 2023-10-16 13:51 Resolved 1 - Information D A Property Value Appraised value unsupported Resolved-desk review now present. - Due Diligence Vendor-10/16/2023

Ready for Review-Document Uploaded. see attached - Seller-10/16/2023

Open-CU score is 3, AVM is available but not supporting Appraisal Value.  - Due Diligence Vendor-10/05/2023		 Ready for Review-Document Uploaded. see attached - Seller-10/16/2023

 Resolved-desk review now present. - Due Diligence Vendor-10/16/2023

     CDA.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1195354
XXXXXXX-2023-NQM5-628     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-629     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-630     A A A A A A A A Closed FCRE9991 2023-10-04 13:58 2023-10-06 14:53 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-updated tape present. - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please find attached the updated Tape, Approval Letter and 1008 form - Seller-10/06/2023

Open-DTI is 46.02%.  Lender used $11250 to offset the subject PITI, but the 1007 only show rents of $6500, so can only lower PITI by $6500.  Subject net payment in dti should be 8742.29.   - Due Diligence Vendor-10/04/2023		 Ready for Review-Document Uploaded. Please find attached the updated Tape, Approval Letter and 1008 form - Seller-10/06/2023

 Resolved-updated tape present. - Due Diligence Vendor-10/06/2023

     Tape__10-06-23_September.xlsx

1008.pdf

Approval letter.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1193947
XXXXXXX-2023-NQM5-631     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-632     C A C A A A A A Closed FCRE1194 2023-10-06 09:38 2023-10-11 08:38 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-updated rate sheet received.  LTV is ok based on new info provided - Due Diligence Vendor-10/11/2023

Ready for Review-Document Uploaded. The maximum LTV is [redacted] according to the current rates. Please see the attached document - Seller-10/10/2023

Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] DSCR loan > Cash out> 2-4 unit> Borrower's FICO: [redacted] so bracket is 660 > Max LTV is [redacted] - Due Diligence Vendor-10/06/2023		 Ready for Review-Document Uploaded. The maximum LTV is [redacted] according to the current rates. Please see the attached document - Seller-10/10/2023

 Resolved-updated rate sheet received.  LTV is ok based on new info provided - Due Diligence Vendor-10/11/2023

     1053963_DSCR rate.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1198217
XXXXXXX-2023-NQM5-633     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-634     B B B B A A A A Closed FCRE1440 2023-10-05 09:19 2023-10-05 09:19 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Exception Type
Material: Credit report
Short Description :
Unable to verify borrowers primary housing expenses as borrower is on sublease and the monthly rent is paid in cash.
Comments :
I chose credit report because there was no other option. Strong borrower subleases his primary residence and pays the landlord in cash, as his source of employment is a Barber, which also is mainly a cash business. A copy of the sublease along with a Verification of Rent letter from landlord has been provided. See attached

Exception form Page 20 of 147 - Due Diligence Vendor-10/05/2023		   Waived-Exception Type
Material: Credit report
Short Description :
Unable to verify borrowers primary housing expenses as borrower is on sublease and the monthly rent is paid in cash.
Comments :
I chose credit report because there was no other option. Strong borrower subleases his primary residence and pays the landlord in cash, as his source of employment is a Barber, which also is mainly a cash business. A copy of the sublease along with a Verification of Rent letter from landlord has been provided. See attached

Exception form Page 20 of 147 - Due Diligence Vendor-10/05/2023

   Revolving debt is under 30%, 5 years on current job, 10 years or more in same line of employment, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA Originator Pre-Close Yes 1195684
XXXXXXX-2023-NQM5-635     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-636     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-637     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-637     D B D B A A A A Closed FCRE1158 2023-10-05 07:06 2023-10-09 08:04 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-10/09/2023

Ready for Review-Document Uploaded. sorry, just received them - Seller-10/09/2023

Counter-this still has no binder number or policy number and premium on dec page is not same as what is on the quote.  need policy - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please see an updated HOI. It was updated at closing. HOI amount is $1,860.00. - Seller-10/06/2023

Open-policy number missing and confirm premium - cannot use quote - Due Diligence Vendor-10/05/2023		 Ready for Review-Document Uploaded. sorry, just received them - Seller-10/09/2023

 Ready for Review-Document Uploaded. Please see an updated HOI. It was updated at closing. HOI amount is $1,860.00. - Seller-10/06/2023

 Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-10/09/2023

     Updated HOI.pdf

policy.pdf

invoice.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1195307
XXXXXXX-2023-NQM5-637     D B D B A A A A Closed FCRE9991 2023-10-05 07:05 2023-10-06 15:01 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-Fixed but still need proof of final premium not just a quote.  this is in separate finding.  - Due Diligence Vendor-10/06/2023

Ready for Review-Document Uploaded. Please see an updated HOI. It was updated at closing. HOI amount is $1,860.00. - Seller-10/06/2023

Open-DSCR is 1.38.  Final CD used $1860 for premium but that is only for a quote (page 360).  the policy on page 358 sows premium is 2606.  Need DSCR updated and HUD to show correct premium, or need the policy updated with correct premium - Due Diligence Vendor-10/05/2023		 Ready for Review-Document Uploaded. Please see an updated HOI. It was updated at closing. HOI amount is $1,860.00. - Seller-10/06/2023

 Resolved-Fixed but still need proof of final premium not just a quote.  this is in separate finding.  - Due Diligence Vendor-10/06/2023

     Updated HOI.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1195304
XXXXXXX-2023-NQM5-637     D B D B A A A A Closed FCRE8860 2023-10-05 07:37 2023-10-05 07:38 Waived 2 - Non-Material B B Credit Income/Employment Audited DSCR does not meet guidelines requirements Waived-No real estate ownership in last 24 months
Comments Living rent-free with relatives, has not owned any property in last 24m - Due Diligence Vendor-10/05/2023		   Waived-No real estate ownership in last 24 months
Comments Living rent-free with relatives, has not owned any property in last 24m - Due Diligence Vendor-10/05/2023

   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum
required
Pg. 136		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1195391
XXXXXXX-2023-NQM5-638     D B D B A A A A Closed FCRE1493 2023-10-05 07:12 2023-10-05 07:12 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Borrower do not meet tradeline requirements 0x3x12, 0x2x24
Comments limited tradelines, please allow to proceed
 - Due Diligence Vendor-10/05/2023		   Waived-Borrower do not meet tradeline requirements 0x3x12, 0x2x24
Comments limited tradelines, please allow to proceed
 - Due Diligence Vendor-10/05/2023

   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum
required
Pg. 137		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1195324
XXXXXXX-2023-NQM5-639     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Limited Cash Out - <2% of Loan Amount or $2000      
XXXXXXX-2023-NQM5-640     B B B B A A A A Closed FCRE1440 2023-10-05 13:43 2023-10-06 12:47 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Housing History Does Not Meet Guideline Requirements Exception Type :- Material: Credit report
Short Description :- 1x30 in 10/22
Comments :- Borrower was on ACH while switching banks. His lender is working on removing the late. RUSH purchase looking to close this month with transfer appraisal.
Exception Form on page #4 of 660
 - Due Diligence Vendor-10/05/2023		   Waived-Housing History Does Not Meet Guideline Requirements Exception Type :- Material: Credit report
Short Description :- 1x30 in 10/22
Comments :- Borrower was on ACH while switching banks. His lender is working on removing the late. RUSH purchase looking to close this month with transfer appraisal.
Exception Form on page #4 of 660
 - Due Diligence Vendor-10/05/2023

   Experienced investor with 2+ investment properties, 2+ borrowers on the loan, Borrower contribution exceeds requirement >=5%, 5+ years credit history, No consumer late payments in last 48 months 25% down, DSCR @ 1.1 on 2 unit - no credit issues outside the late   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1196357
XXXXXXX-2023-NQM5-641     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-642     B B A A A A B B Closed FPRO116 2023-10-05 08:39 2023-10-05 08:39 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-Exception page 997-Subject is new construction - GL requires comps to be no more than 4 mils from subject with 1 comp within 1 mile. Approved as appraiser could not locate comps within GL recommendation. - Due Diligence Vendor-10/05/2023   Waived-Exception page 997-Subject is new construction - GL requires comps to be no more than 4 mils from subject with 1 comp within 1 mile. Approved as appraiser could not locate comps within GL recommendation. - Due Diligence Vendor-10/05/2023

   5 years current job, DTI > 10% below program maximum, No credit event spast 48 months, 5+ yrs credit history, No consumer late slast 48 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1195604
XXXXXXX-2023-NQM5-643     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-644     D A D A A A A A Closed FCOM4028 2023-10-05 10:39 2023-10-09 11:50 Resolved 1 - Information D A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-10/09/2023

Open-Missing evidence of Mortgage recording - Due Diligence Vendor-10/05/2023		   Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-10/09/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1195890
XXXXXXX-2023-NQM5-645     B B B B A A A A Closed FCRE6914 2023-10-06 07:19 2023-10-06 09:17 Waived 2 - Non-Material B B Credit Missing Doc Borrower 2 Citizenship Documentation Not Provided Waived-Borrower 2 Citizenship Documentation Is Missing Exception Type :- Non-Material: Borrower's residency status/ITIN
Short Description :- Borrower is waiting for green card.
Comments :- Hi team! One of the borrowers [redacted] doesn't have the Green Card yet, but she was told by authorities that she will receive it any day now via mail. Broker provided us with current visa, and with email from government that they received her payment for the Green Card. Please allow us to proceed as permanent residents, or allow to have the non-permanent without price adjustment. Thank you!

Exception form available on page #744 - Due Diligence Vendor-10/06/2023		   Waived-Borrower 2 Citizenship Documentation Is Missing Exception Type :- Non-Material: Borrower's residency status/ITIN
Short Description :- Borrower is waiting for green card.
Comments :- Hi team! One of the borrowers [redacted] doesn't have the Green Card yet, but she was told by authorities that she will receive it any day now via mail. Broker provided us with current visa, and with email from government that they received her payment for the Green Card. Please allow us to proceed as permanent residents, or allow to have the non-permanent without price adjustment. Thank you!

Exception form available on page #744 - Due Diligence Vendor-10/06/2023

   2+ borrowers on the loan, LTV 10% below maximum, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1197728
XXXXXXX-2023-NQM5-645     B B B B A A A A Closed FCRE1440 2023-10-06 15:25 2023-10-06 15:55 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Housing History Does Not Meet Guideline Requirements Exception Type :- Material: Credit report
Short Description :- According to VOM, 1 mtg late on most recent payment.
Comments :- As per broker, the late is on the loan that's currently being refinanced with [redacted]. LOE from borrower can be provided.

Exception form available on page #1293
 - Due Diligence Vendor-10/06/2023		   Waived-Housing History Does Not Meet Guideline Requirements Exception Type :- Material: Credit report
Short Description :- According to VOM, 1 mtg late on most recent payment.
Comments :- As per broker, the late is on the loan that's currently being refinanced with [redacted]. LOE from borrower can be provided.

Exception form available on page #1293
 - Due Diligence Vendor-10/06/2023

   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1199116
XXXXXXX-2023-NQM5-646     B B B B A A A A Closed FCRE8611 2023-10-05 16:02 2023-10-06 15:55 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Exception Type :- Material: Income
Short Description :- 6 NSF bank statements.

Exception form page # 1292  - Due Diligence Vendor-10/05/2023		   Waived-Exception Type :- Material: Income
Short Description :- 6 NSF bank statements.

Exception form page # 1292  - Due Diligence Vendor-10/05/2023

   DTI >=10% lower than loan program, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1196679
XXXXXXX-2023-NQM5-647     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-648     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-649     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-650     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-651     B B B B A A A A Closed FCRE6763 2023-10-05 12:16 2023-10-05 12:16 Waived 2 - Non-Material B B Credit Income/Employment Income documentation does not meet guidelines Waived-Exception on page 7

Remove requirement for [redacted] to be in the loan please see attached LOE.

Approved with conditions
Can exclude wife only if he does not earn any income, [redacted] LTV max, LOE confirming there is no income from wife required - Due Diligence Vendor-10/05/2023		   Waived-Exception on page 7

Remove requirement for [redacted] to be in the loan please see attached LOE.

Approved with conditions
Can exclude wife only if he does not earn any income, [redacted] LTV max, LOE confirming there is no income from wife required - Due Diligence Vendor-10/05/2023

   10 years or more in same line of employment, No consumer late payments in last 48 months, Credit score >40 points than minimum
required
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1196107
XXXXXXX-2023-NQM5-652     B B B B A A A A Closed FCRE6843 2023-10-06 16:10 2023-10-10 07:16 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception Type:-Material: Borrower's assets
Short Description:-P&L Loan Borr has 12% of own funds Primary Res, will receive a gift from Sister-In Law and Sister for remaining Down Pmt,Closing Costs and Reserves
Comments:- P&L Loan Borr has 12% of own funds Primary Res, will receive a gift from Sister-In Law and Sister for remaining Down Pmt, Closing Costs and Reserves
Exception form page#319 of 325 - Due Diligence Vendor-10/06/2023		   Waived-Exception Type:-Material: Borrower's assets
Short Description:-P&L Loan Borr has 12% of own funds Primary Res, will receive a gift from Sister-In Law and Sister for remaining Down Pmt,Closing Costs and Reserves
Comments:- P&L Loan Borr has 12% of own funds Primary Res, will receive a gift from Sister-In Law and Sister for remaining Down Pmt, Closing Costs and Reserves
Exception form page#319 of 325 - Due Diligence Vendor-10/06/2023

   10 years or more in same line of employment, No credit events past 48 months, 5+ years credit history   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1199156
XXXXXXX-2023-NQM5-653     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-654     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-655     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-656     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-657     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-658     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-659     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-660     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-660     C B C B A A A A Closed FCRE6843 2023-10-04 05:58 2023-10-12 13:34 Resolved 1 - Information C A Credit Assets Asset General Resolved-emd proof now present - Due Diligence Vendor-10/12/2023

Ready for Review-Document Uploaded. Please see the attached document - Seller-10/12/2023

Open-copy of donor wire transfer of $20k - Due Diligence Vendor-10/04/2023		 Ready for Review-Document Uploaded. Please see the attached document - Seller-10/12/2023

 Resolved-emd proof now present - Due Diligence Vendor-10/12/2023

     1053974_EMD.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1192459
XXXXXXX-2023-NQM5-661     C B C B A A A A Closed FCRE8611 2023-10-04 04:45 2023-10-04 04:45 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-exception to allow a change in bank account number due to fraudulent activity - Due Diligence Vendor-10/04/2023   Waived-exception to allow a change in bank account number due to fraudulent activity - Due Diligence Vendor-10/04/2023

   DTI >10 lower than program, no credit events past 48 months, LTV 10% below max, very low DTI and LTV is 64%
pg. 218		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1192367
XXXXXXX-2023-NQM5-662     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance No Cash Out - Borrower Initiated      
XXXXXXX-2023-NQM5-663     B B A A A A B B Closed FVAL9739 2023-10-09 09:48 2023-10-10 11:40 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type Non-Material: Appraisal
Short Description :
Property is SFR. Property has external staircase and 2nd kitchen.
Comments :
Property is a SFR. This is Pre-Firm build. Property is built this way from initial build. All comps have the same standard
build and concept. No Unit numbers and classified as 1 unit. There are no modifications to the original build. Exception is
to allow external stairway and 2nd kitchen. Please allow exception with no hit to the rate.Our loan is locked at 8.625%
with a lender credit of .375. Our rate today is 8.625% with a lender credit of .625. Our loan is locked at 8.625% with a
lender credit of .375. Our rate today is 8.625% with a lender credit of .625.

Exception page # 736 - Due Diligence Vendor-10/09/2023		   Waived-Exception Type Non-Material: Appraisal
Short Description :
Property is SFR. Property has external staircase and 2nd kitchen.
Comments :
Property is a SFR. This is Pre-Firm build. Property is built this way from initial build. All comps have the same standard
build and concept. No Unit numbers and classified as 1 unit. There are no modifications to the original build. Exception is
to allow external stairway and 2nd kitchen. Please allow exception with no hit to the rate.Our loan is locked at 8.625%
with a lender credit of .375. Our rate today is 8.625% with a lender credit of .625. Our loan is locked at 8.625% with a
lender credit of .375. Our rate today is 8.625% with a lender credit of .625.

Exception page # 736 - Due Diligence Vendor-10/09/2023

   Revolving debt is under 30%, Residual income >=$3000, DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late
payments in last 24 months
*Income documented loan. DTI is 11%. Preferred Broker. NEXA. AVM supports value within 10%.		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1200594
XXXXXXX-2023-NQM5-664     B B B B A A A A Closed FCRE1493 2023-10-07 06:37 2023-10-07 06:37 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Exception page 651 - Only 1 active trade > 24 months - rated 99 months + 1 trade rated 2 months. 3rd trade is ALT credit = 16 months - Page 361+ and 377-475. Bwr is short 8 months for 2 > 24 months.  - Due Diligence Vendor-10/07/2023   Waived-Exception page 651 - Only 1 active trade > 24 months - rated 99 months + 1 trade rated 2 months. 3rd trade is ALT credit = 16 months - Page 361+ and 377-475. Bwr is short 8 months for 2 > 24 months.  - Due Diligence Vendor-10/07/2023

   Rev debt under 30%, No credit events past 48 months, 5+ yr credit history, No consumer late slast 48 months, LTV 10% below maximum, Credit score > 40 points above program minimum.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1199590
XXXXXXX-2023-NQM5-665     B B B B A A A A Closed FCRE1255 2023-10-06 09:04 2023-10-06 09:04 Waived 2 - Non-Material B B Credit Missing Doc Other Property Insurance Policy Missing Waived-Exception page 824.  HOA / Condo project does not carry Wind/Hail/Hurricane coverage. Bwr's policy has provided their own. - Due Diligence Vendor-10/06/2023   Waived-Exception page 824.  HOA / Condo project does not carry Wind/Hail/Hurricane coverage. Bwr's policy has provided their own. - Due Diligence Vendor-10/06/2023

   No mortgage lates last 24 months, 5+ yrs credit history, Bwr contribution exceeds > 5%.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1198111
XXXXXXX-2023-NQM5-666     B B A A A A B B Closed FVAL9739 2023-10-09 09:45 2023-10-09 09:45 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Hi! A single entity owns 3 units in the condo project of 14 units. Asking for approval to proceed. Thank you!
Short description :- Single entity ownership
Exception form page no - 865
 - Due Diligence Vendor-10/09/2023		   Waived-Hi! A single entity owns 3 units in the condo project of 14 units. Asking for approval to proceed. Thank you!
Short description :- Single entity ownership
Exception form page no - 865
 - Due Diligence Vendor-10/09/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48
months
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Post-Close Yes 1200581
XXXXXXX-2023-NQM5-667     A A A A A A A A             A A                   QM: Rebuttable Presumption (APOR) QM: Rebuttable Presumption (APOR) [redacted] [redacted] Second Home Purchase NA      
XXXXXXX-2023-NQM5-668     B B B B A A A A Closed FCRE8611 2023-10-09 05:30 2023-10-09 05:30 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Borr has 23 NSFs see attached LOE
Comments Borr has total 23 NSFs , 20 more than permitted . Se LOE attached. He is getting overdraft protection. Low DTI
 - Due Diligence Vendor-10/09/2023		   Waived-Borr has 23 NSFs see attached LOE
Comments Borr has total 23 NSFs , 20 more than permitted . Se LOE attached. He is getting overdraft protection. Low DTI
 - Due Diligence Vendor-10/09/2023

   Revolving debt is under 30%, No credit events past 48 months, No consumer late payments in last 48 months
pg. 166		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1200185
XXXXXXX-2023-NQM5-669     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA      
XXXXXXX-2023-NQM5-670     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-671     B B B B A A A A Closed FCRE8611 2023-10-09 08:00 2023-10-09 08:00 Waived 2 - Non-Material B B Credit Income/Employment Income/Employment General Waived-Exception on self employment length verification by CPA
Comments Hello Team, this is a great loan with a good borrower, Fico of 22, DTI of 10, LTV [redacted]. Requesting a guideline exception.
This borrower has been self employed since 2021 but business has only been registered since April 2022. CPA’s will not
provide a letter. Exception request is to utilize a letter provided by a licensed attorney confirming employment history. As
per our guidelines third party confirmation is acceptable and does not have to be from a CPA. UW condition: Acceptable
third party Proof of Self-Employment is required. Must validate 2+ years and percentage of ownership. **9/19: Origination
date in April 2022. Provide supporting documentation to confirm borrower has been in the same field of work as business
for over 2 years 9/26: Per escalation, we cannot accept an attorney opinion letter. CPA letter required, borrower's selfemployed business has not been opened for over 2 years Pending CPA confirmation Attached is a copy of the borrowers
credit report, Contract,1003, and Attorney’s Letter for consideration. Thank you! - Due Diligence Vendor-10/09/2023		   Waived-Exception on self employment length verification by CPA
Comments Hello Team, this is a great loan with a good borrower, Fico of 22, DTI of 10, LTV [redacted]. Requesting a guideline exception.
This borrower has been self employed since 2021 but business has only been registered since April 2022. CPA’s will not
provide a letter. Exception request is to utilize a letter provided by a licensed attorney confirming employment history. As
per our guidelines third party confirmation is acceptable and does not have to be from a CPA. UW condition: Acceptable
third party Proof of Self-Employment is required. Must validate 2+ years and percentage of ownership. **9/19: Origination
date in April 2022. Provide supporting documentation to confirm borrower has been in the same field of work as business
for over 2 years 9/26: Per escalation, we cannot accept an attorney opinion letter. CPA letter required, borrower's selfemployed business has not been opened for over 2 years Pending CPA confirmation Attached is a copy of the borrowers
credit report, Contract,1003, and Attorney’s Letter for consideration. Thank you! - Due Diligence Vendor-10/09/2023

   DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments
in last 48 months, LTV 10% below maximum
Pg. 12		   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1200399
XXXXXXX-2023-NQM5-672     B B A A A A B B Closed FVAL9739 2023-10-05 12:22 2023-10-05 12:22 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Lender granted exception for over 10 acres - see page 43 - Due Diligence Vendor-10/05/2023   Waived-Lender granted exception for over 10 acres - see page 43 - Due Diligence Vendor-10/05/2023

   Experienced investor with 2+ investment properties, LTV 10% below maximum, Borrower contribution exceeds requirement >=5%, Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required, Reserves>6 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1196123
XXXXXXX-2023-NQM5-672     C B C B A A A A Closed FCRE1483 2023-10-09 10:31 2023-10-16 11:45 Resolved 1 - Information C A Credit Assets Asset 5 Does Not Meet Guideline Requirements Resolved-lender is accepting the documentation as is for gifts.   - Due Diligence Vendor-10/16/2023

Open-Asset 5 Does Not Meet Guideline Requirements Provide Gift letter of $12,000.00
>Note -  Deposit proof & source proof available in file  - Due Diligence Vendor-10/09/2023		   Resolved-lender is accepting the documentation as is for gifts.   - Due Diligence Vendor-10/16/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1200707
XXXXXXX-2023-NQM5-672     C B C B A A A A Closed FCRE1484 2023-10-09 10:31 2023-10-16 11:45 Resolved 1 - Information C A Credit Assets Asset 6 Does Not Meet Guideline Requirements Resolved-lender is accepting the documentation as is for gifts.   - Due Diligence Vendor-10/16/2023

Open-Asset 6 Does Not Meet Guideline Requirements Provide Gift letter of $5,000.00
>Note -  Deposit proof & source proof available in file  - Due Diligence Vendor-10/09/2023		   Resolved-lender is accepting the documentation as is for gifts.   - Due Diligence Vendor-10/16/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1200708
XXXXXXX-2023-NQM5-672     C B C B A A A A Closed FCRE1491 2023-10-09 09:03 2023-10-09 09:19 Waived 2 - Non-Material B B Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Asset Qualification Does Not Meet Guideline Requirements Exception Type :- Material: Borrower's assets
Short Description :- Gift exceeds allowable amount
Comments :- Hi! As per the UW the minimum borrower contribution should be at least 20% but gift exceeds allowable amount. Asking for approval to proceed. Thank you!
Exception form available on page #582 - Due Diligence Vendor-10/09/2023		   Waived-Asset Qualification Does Not Meet Guideline Requirements Exception Type :- Material: Borrower's assets
Short Description :- Gift exceeds allowable amount
Comments :- Hi! As per the UW the minimum borrower contribution should be at least 20% but gift exceeds allowable amount. Asking for approval to proceed. Thank you!
Exception form available on page #582 - Due Diligence Vendor-10/09/2023

   Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months No consumer late payments past 24 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1200508
XXXXXXX-2023-NQM5-673     C B C B A A A A Closed FCRE1194 2023-10-09 09:17 2023-10-09 09:17 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Exception Type :- Material: DSCR<1 ineligible for LTV/FICO
Short Description :- [redacted] LTV requested
Comments :- Hi! The appraisal came in low than expected. Max allowed LTV is [redacted]. Asking for [redacted] LTV to proceed. Thank you!
Exception form available on page #581
 - Due Diligence Vendor-10/09/2023		   Waived-Exception Type :- Material: DSCR<1 ineligible for LTV/FICO
Short Description :- [redacted] LTV requested
Comments :- Hi! The appraisal came in low than expected. Max allowed LTV is [redacted]. Asking for [redacted] LTV to proceed. Thank you!
Exception form available on page #581
 - Due Diligence Vendor-10/09/2023

   Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1200530
XXXXXXX-2023-NQM5-673     C B C B A A A A Closed FCRE3931 2023-10-09 05:14 2023-10-17 13:00 Resolved 1 - Information C A Credit Eligibility Other Credit Finding 1 Resolved-post TPR review, lender confirmed inheritance. ok on seasoning - Due Diligence Vendor-10/17/2023

Ready for Review-Document Uploaded. As per the attached e-mail, the borrower acquired the property through inheritance hence we are good to proceed here.  - Seller-10/17/2023

Open-unable to tell is cash out seasoning met.  title says borrower took title 5/19/2023 and page 205 shows  a quit claim deed 11/2022.  either way cash out seasoning under 12 months not meeting - Due Diligence Vendor-10/09/2023		 Ready for Review-Document Uploaded. As per the attached e-mail, the borrower acquired the property through inheritance hence we are good to proceed here.  - Seller-10/17/2023

 Resolved-post TPR review, lender confirmed inheritance. ok on seasoning - Due Diligence Vendor-10/17/2023

     1052409_Email from Broker.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1200175
XXXXXXX-2023-NQM5-673     C B C B A A A A Closed FCRE3466 2023-10-09 05:16 2023-10-09 05:16 Waived 2 - Non-Material B B Credit Missing Doc Missing evidence of sufficient insurance for condo project Waived-Master policy hurricane deductible > 5%
Comments Master policy hurricane deductible 7.5%, no credit events and 5+ years credit history - Due Diligence Vendor-10/09/2023		   Waived-Master policy hurricane deductible > 5%
Comments Master policy hurricane deductible 7.5%, no credit events and 5+ years credit history - Due Diligence Vendor-10/09/2023

   Compensating Factors
Exception is valid only if at least 3 applicable compensating factors are provided.
No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months
pg. 221		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1200179
XXXXXXX-2023-NQM5-674     C B C B A A A A Closed FCRE9068 2023-10-09 05:15 2023-10-09 05:15 Waived 2 - Non-Material B B Credit Eligibility Borrower does not meet residual income requirement Waived-Borrower has residual income of $1726.16 while guidelines require $2000. No credit events and 5+ years credit
history, requesting to proceed please. Thank you
 - Due Diligence Vendor-10/09/2023		   Waived-Borrower has residual income of $1726.16 while guidelines require $2000. No credit events and 5+ years credit
history, requesting to proceed please. Thank you
 - Due Diligence Vendor-10/09/2023

   Compensating Factors
No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months
Credit Decision
Status Approved with
conditions
Conditions: +0.5 to price, 50% DTI max
pg. 220		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1200176
XXXXXXX-2023-NQM5-675     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-676     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-677     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-677     C B C B A A A A Closed FCRE6843 2023-10-10 09:09 2023-10-12 13:41 Resolved 1 - Information C A Credit Assets Asset General Resolved-emd now present - Due Diligence Vendor-10/12/2023

Ready for Review-Document Uploaded. Deposit backed out - paid by realtor.  - Seller-10/12/2023

Open- - Due Diligence Vendor-10/10/2023		 Ready for Review-Document Uploaded. Deposit backed out - paid by realtor.  - Seller-10/12/2023

 Resolved-emd now present - Due Diligence Vendor-10/12/2023

   No documents available for the money held in Escrow. $1000 Which is showing in Final CD. 1052080_Earnest Money Deposit.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1202931
XXXXXXX-2023-NQM5-678     C B C B A A A A Closed FCRE1194 2023-10-10 09:06 2023-10-11 09:10 Waived 2 - Non-Material B B Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Type: DSCR<1 ineligible for LTV/FICO
Short Description : LTV [redacted], eligibility [redacted], DSCR dropped
Comments :Dear Team, upon 1007 review, our DSCR dropped and we're eligible for [redacted] LTV only. The client would like to have [redacted] LTV, they won't be able to afford [redacted] LTV. Please kindly approve. Good property, good credit profile. Thank you!

Exception page # 411 of 412 - Due Diligence Vendor-10/10/2023		   Waived-Type: DSCR<1 ineligible for LTV/FICO
Short Description : LTV [redacted], eligibility [redacted], DSCR dropped
Comments :Dear Team, upon 1007 review, our DSCR dropped and we're eligible for [redacted] LTV only. The client would like to have [redacted] LTV, they won't be able to afford [redacted] LTV. Please kindly approve. Good property, good credit profile. Thank you!

Exception page # 411 of 412 - Due Diligence Vendor-10/10/2023

   Borrower contribution exceeds requirement >=5%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1202916
XXXXXXX-2023-NQM5-679     C A A A A A C A Closed FVAL9739 2023-10-11 10:36 2023-10-17 12:46 Resolved 1 - Information C A Property Appraisal Property/Appraisal General Resolved-DTI within tolerance.  not a pud per lender comments from lender : It was confirmed by UW, that the fee of $75/month was included by mistake. - Due Diligence Vendor-10/17/2023

Open-Lender included a PUD Fee for $75/mo however does not appear to be a PUD.  please confirm if a PUD or remove the $75/ mo and rerun DTI
HOA Supportive document is missing for annual amount $900.00 - Due Diligence Vendor-10/11/2023		   Resolved-DTI within tolerance.  not a pud per lender comments from lender : It was confirmed by UW, that the fee of $75/month was included by mistake. - Due Diligence Vendor-10/17/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA N/A N/A 1205852
XXXXXXX-2023-NQM5-679     C B C B A A A A Closed FCRE1437 2023-10-09 10:39 2023-10-13 09:31 Resolved 1 - Information C A Credit Income/Employment Income and Employment Do Not Meet Guidelines Resolved-CPA letter now present - Due Diligence Vendor-10/13/2023
Ready for Review-Document Uploaded. Please see the UW response and CPA letter attached - Seller-10/12/2023
Open-Income and Employment Do Not Meet Guidelines Bwr claims two sources of employment - the second source as [redacted] used personal bank statements, however, there is no CPA letter, license, etc to determine ownership % or evidence  of business existence.  Page 486 CPA letter only addresses [redacted]- the primary employment. - Due Diligence Vendor-10/09/2023		 Ready for Review-Document Uploaded. Please see the UW response and CPA letter attached - Seller-10/12/2023

 Resolved-CPA letter now present - Due Diligence Vendor-10/13/2023

     1054032_CPA letter on deposit on Personal bank stmt.pdf

1054032_Porfirio Zepeda - DD Conditions_ Audited Reserves_Income.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1200725
XXXXXXX-2023-NQM5-679     C B C B A A A A Closed FCRE1198 2023-10-09 11:25 2023-10-13 09:31 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Audited Reserves of 3.05 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-10/13/2023

Resolved-lender is counting cash back at close for reserves. - Due Diligence Vendor-10/13/2023

Ready for Review-Document Uploaded. Please see the UW response and CPA letter attached - Seller-10/12/2023

Open-Audited Reserves of 2.09 month(s) are less than Guideline Required Reserves of 3 month(s) 3 Months PITI requires $17,082.03 - Bwr has $11,892.25  (including excess deposit refund) or 2.09 months. File is short $5,189.77 - Due Diligence Vendor-10/09/2023		 Ready for Review-Document Uploaded. Please see the UW response and CPA letter attached - Seller-10/12/2023

 Resolved-Audited Reserves of 3.05 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-10/13/2023

 Resolved-lender is counting cash back at close for reserves. - Due Diligence Vendor-10/13/2023

     1054032_Porfirio Zepeda - DD Conditions_ Audited Reserves_Income.pdf

1054032_CPA letter on deposit on Personal bank stmt.pdf		 Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1200855
XXXXXXX-2023-NQM5-680     C B C B A A A A Closed FCRE9806 2023-10-09 11:29 2023-10-09 11:29 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-Exception page 1096. Bank Statement loan guides permit no more than 3 NSF's in a 12 month period. Bwr has 6. - Due Diligence Vendor-10/09/2023   Waived-Exception page 1096. Bank Statement loan guides permit no more than 3 NSF's in a 12 month period. Bwr has 6. - Due Diligence Vendor-10/09/2023

   5 yrs current job, No credit event spast 48 months, 5+ yrs  credit history.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1200865
XXXXXXX-2023-NQM5-681     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-682     B B B B A A A A Closed FCRE6843 2023-10-10 05:56 2023-10-10 05:56 Waived 2 - Non-Material B B Credit Assets Asset General Waived-17% borrower own funds
Comments 2 brand new appraisals on this file...17% own funds, rest is gift... - Due Diligence Vendor-10/10/2023		   Waived-17% borrower own funds
Comments 2 brand new appraisals on this file...17% own funds, rest is gift... - Due Diligence Vendor-10/10/2023

   Several income sources and DTI below 45%, 5 years on current job, No credit events past 48 months, 5+ years credit history
Pg. 834
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1202256
XXXXXXX-2023-NQM5-683     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-684     C A C A A A A A Closed FCRE6843 2023-10-10 07:04 2023-10-13 10:09 Resolved 1 - Information C A Credit Assets Asset General Resolved-Lender confirmed they will not be verifying and backed it out.  - Due Diligence Vendor-10/13/2023

Ready for Review-Document Uploaded. Please see the UW response attached - Seller-10/12/2023

Open-EMD missing - Due Diligence Vendor-10/10/2023		 Ready for Review-Document Uploaded. Please see the UW response attached - Seller-10/12/2023

 Resolved-Lender confirmed they will not be verifying and backed it out.  - Due Diligence Vendor-10/13/2023

     1050716_Singh - DD condition_ EMD.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1202462
XXXXXXX-2023-NQM5-685     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-686     B B B B A A A A Closed FCRE5275 2023-10-10 09:16 2023-10-10 09:16 Waived 2 - Non-Material B B Credit Eligibility Asset do not meet guidelines Waived-Lender granted exception for 6 NSF - see page 21 - Due Diligence Vendor-10/10/2023   Waived-Lender granted exception for 6 NSF - see page 21 - Due Diligence Vendor-10/10/2023

   5 years on current job, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, LTV 10% below maximum, Borrower contribution exceeds requirement >=5%   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1202962
XXXXXXX-2023-NQM5-687     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Second Home Purchase NA      
XXXXXXX-2023-NQM5-688     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-689     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-690     B B B B A A A A Closed FCRE6843 2023-10-10 05:05 2023-10-10 05:05 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Please allow 5% borrowers contribution instead of required 20% for this particular non-qm program - Due Diligence Vendor-10/10/2023   Waived-Please allow 5% borrowers contribution instead of required 20% for this particular non-qm program - Due Diligence Vendor-10/10/2023

   Revolving debt is under 30%, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, LTV 10%
below maximum, Credit score >40 points than minimum required
Great Credit, very good income.
Pg. 327		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1202168
XXXXXXX-2023-NQM5-691     C A C A A A A A Closed FCRE6679 2023-10-04 16:12 2023-10-13 13:47 Resolved 1 - Information C A Credit Eligibility Open Current Charge offs Resolved-lender accepted fraudulent letter to not include - Due Diligence Vendor-10/13/2023

Ready for Review-Document Uploaded. Please see the attached Fraudulent letter filed to FTC for the mentioned [redacted] Auto loan account.  - Seller-10/13/2023

Open-Chargeoff account of greater than $2500, no supporting documentation provided, not on final CD  or provide proof it is beyond statute of limitations - Due Diligence Vendor-10/04/2023		 Ready for Review-Document Uploaded. Please see the attached Fraudulent letter filed to FTC for the mentioned [redacted] Auto loan account.  - Seller-10/13/2023

 Resolved-lender accepted fraudulent letter to not include - Due Diligence Vendor-10/13/2023

     1054400_Credit Documents-09_14_2023-10_49 PM.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1194224
XXXXXXX-2023-NQM5-692     A A A A A A A A Closed FCOM4028 2023-10-11 07:20 2023-10-13 11:19 Resolved 1 - Information A A Credit Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-10/13/2023

Rescinded-Missing evidence of Mortgage recording - Due Diligence Vendor-10/11/2023		   Resolved-Creditor- File was closed within last 60 days. Mortgage was sent for recording and Final Title Policy will be provided upon the receipt. Finding is resolved. - Due Diligence Vendor-10/13/2023

 Rescinded-Missing evidence of Mortgage recording - Due Diligence Vendor-10/11/2023

       Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1205144
XXXXXXX-2023-NQM5-693     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-694     B B B B A A A A Closed FCRE1437 2023-10-10 09:51 2023-10-10 09:51 Waived 2 - Non-Material B B Credit Income/Employment Income and Employment Do Not Meet Guidelines Waived-Income and Employment Do Not Meet Guidelines Exception page 683.  Bank statement documentation allows a maximum of 3 NSF's in a 12 month period. Bwr has 7. - Due Diligence Vendor-10/10/2023   Waived-Income and Employment Do Not Meet Guidelines Exception page 683.  Bank statement documentation allows a maximum of 3 NSF's in a 12 month period. Bwr has 7. - Due Diligence Vendor-10/10/2023

   DTI > 10% below program maximum, No credit event spst 48 months, LTV 10% below program maximum.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1203059
XXXXXXX-2023-NQM5-694     C B C B A A A A Closed FCRE9488 2023-10-11 14:48 2023-10-16 09:21 Resolved 1 - Information C A Credit Borrower Potential Occupancy/Current Address Issues identified in the file Resolved-lender provided clarification that was not present in original file - Due Diligence Vendor-10/16/2023

Ready for Review-as per appraisal subject property is vacant  ,borrower might lived there before and converted subject property to an investment . As per 1003 borrower lives rent free on another address than subject property .For an investment cash out refinance property DL address should not be an issue. Business purpose occupancy was in file.  - Seller-10/13/2023

Open-DL on pg#73, reflects subject property address. This is an Investment loan - Due Diligence Vendor-10/11/2023		 Ready for Review-as per appraisal subject property is vacant  ,borrower might lived there before and converted subject property to an investment . As per 1003 borrower lives rent free on another address than subject property .For an investment cash out refinance property DL address should not be an issue. Business purpose occupancy was in file.  - Seller-10/13/2023

 Resolved-lender provided clarification that was not present in original file - Due Diligence Vendor-10/16/2023

       ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1206802
XXXXXXX-2023-NQM5-695     C B C B A A A A Closed FCRE9580 2023-10-11 06:28 2023-10-11 06:28 Waived 2 - Non-Material B B Credit Eligibility Bankruptcy History does not meet guidelines Waived-Exception Type Material: Credit score
Short Description Borrower had Ch. 7 18m ago
Comments Borrower had a Ch.7 almost 24m ago.
Exception form is on page #700 - Due Diligence Vendor-10/11/2023		   Waived-Exception Type Material: Credit score
Short Description Borrower had Ch. 7 18m ago
Comments Borrower had a Ch.7 almost 24m ago.
Exception form is on page #700 - Due Diligence Vendor-10/11/2023

   DSCR=> 1.3 , LTV 10% below maximum, Reserves>6 months (ineligible for Foreign Nationals)   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1205015
XXXXXXX-2023-NQM5-696     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-697     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-698     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-699     B B B B A A A A Closed FCRE9994 2023-10-11 06:20 2023-10-11 06:20 Waived 2 - Non-Material B B Credit Eligibility Original LTV (OLTV) does not meet eligibility requirement(s) Waived-bought in [redacted] for [redacted], now worth [redacted].
Comments They bought the property in December last year and spent some on remodeling and repairing. The HUD also attached. The
appraised value came at [redacted] and we cannot take appraised value per our guidelines. As per HUD $55,220 was held in
escrow account for the remodeling. Will it be possible to use the current appraised value? Please, kindly advise. - Due Diligence Vendor-10/11/2023		   Waived-bought in [redacted] for [redacted], now worth [redacted].
Comments They bought the property in December last year and spent some on remodeling and repairing. The HUD also attached. The
appraised value came at [redacted] and we cannot take appraised value per our guidelines. As per HUD $55,220 was held in
escrow account for the remodeling. Will it be possible to use the current appraised value? Please, kindly advise. - Due Diligence Vendor-10/11/2023
   Experienced investor with 2+ investment properties, No credit events past 48 months, No mortgage late payments in last 24 months
pg. 247		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1204996
XXXXXXX-2023-NQM5-700     C A C A A A A A Closed FCRE6843 2023-10-11 07:57 2023-10-13 13:48 Resolved 1 - Information C A Credit Assets Asset General Resolved-lender clarified not gift but proof of art work sold provided  - Due Diligence Vendor-10/13/2023
Ready for Review-Document Uploaded. Hello, UW sent necessary documents. Kindly find below documents to source $10,000. - Seller-10/13/2023
Counter-the large deposit states a gift.  if we back out because it was not properly sourced as a gift, then we are short.  Need either waiver for not having appropriately documented gift or need gift docs - Due Diligence Vendor-10/12/2023
Ready for Review-The letter was used as supporting documentation to source the large deposit noted in borrower's [redacted] account. Per UW, no gift funds were used for the subject loan. Thank you! - Seller-10/12/2023
Open-pg. 508 says $10k was a gift but gift letter and proof donor gave is not in file - Due Diligence Vendor-10/11/2023		 Ready for Review-Document Uploaded. Hello, UW sent necessary documents. Kindly find below documents to source $10,000. - Seller-10/13/2023
 Ready for Review-The letter was used as supporting documentation to source the large deposit noted in borrower's [redacted] account. Per UW, no gift funds were used for the subject loan. Thank you! - Seller-10/12/2023
 Resolved-lender clarified not gift but proof of art work sold provided  - Due Diligence Vendor-10/13/2023

     1051668_source.pdf

1051668_LOX $10,000.pdf		 ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1205303
XXXXXXX-2023-NQM5-701     A A A A A A A A Closed FCRE9991 2023-10-12 14:13 2023-10-19 08:19 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-[redacted] present now - Due Diligence Vendor-10/19/2023

Ready for Review-see attached AIRNDA - Seller-10/18/2023

Open-1st:  DSCR score difference by 0.56  
Note: - Docs in file, 1007 page 804, reflect $2,100.  PITI Matches.  No lease or other indicator to support Lender's Rent income in present file.  DSCR should be 0.84  $2100/2501.77 - Due Diligence Vendor-10/12/2023		 Ready for Review-see attached AIRNDA - Seller-10/18/2023

 Resolved-[redacted] present now - Due Diligence Vendor-10/19/2023

     AirDNA.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1209229
XXXXXXX-2023-NQM5-702     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-703     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-704     B B B B A A A A Closed FCRE9802 2023-10-12 08:18 2023-10-12 08:18 Waived 2 - Non-Material B B Credit Eligibility Borrower is First Time Homebuyer and Program Does Not Allow This Waived-Borrower cannot be first time homebuyer for this program Exception Type :- Material: Credit report
Short Description :- DSCR , Borrower doesn't own a property in the last 24 months
Comments :- DSCR , Borrower doesn't won't a property in the last 24 months
Exception form available on page #330 of 409
 - Due Diligence Vendor-10/12/2023		   Waived-Borrower cannot be first time homebuyer for this program Exception Type :- Material: Credit report
Short Description :- DSCR , Borrower doesn't own a property in the last 24 months
Comments :- DSCR , Borrower doesn't won't a property in the last 24 months
Exception form available on page #330 of 409
 - Due Diligence Vendor-10/12/2023

   No credit events past 48 months, Credit score >40 points than minimum required, No consumer late pmts in past 33 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1208115
XXXXXXX-2023-NQM5-705     C A A A A A C A Closed FPRO116 2023-10-12 07:46 2023-10-13 11:06 Resolved 1 - Information C A Property Property Other Property/Value Finding Resolved-corrected AVM present - Due Diligence Vendor-10/13/2023

Ready for Review-Document Uploaded. Correct AVM Report provided - Seller-10/13/2023

Open-AVM page 9 not dated - Due Diligence Vendor-10/12/2023		 Ready for Review-Document Uploaded. Correct AVM Report provided - Seller-10/13/2023

 Resolved-corrected AVM present - Due Diligence Vendor-10/13/2023

     1053790_AVM Report.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1208000
XXXXXXX-2023-NQM5-706     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-707     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-708     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-709     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-710     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-710     B B B B A A B B Closed FCRE1493 2023-10-12 10:40 2023-10-12 10:40 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Exception Type Non-Material: Credit report
Short Description 2 borrowers. 1 borrower has 1 account on credit report for 27 mots. Alternative tradeline for 24 mots with [redacted] under
personal and company name
Comments Exception required 2 borrowers. 1 borrower has 1 account on credit report for 27 mots. Alternative tradeline for 24 mots
with [redacted] under personal and company name, documents are available on page #1 to 92 of 406, 97 of 406.
*Exception form is on page #259 of 260 - Due Diligence Vendor-10/12/2023		   Waived-Exception Type Non-Material: Credit report
Short Description 2 borrowers. 1 borrower has 1 account on credit report for 27 mots. Alternative tradeline for 24 mots with CHASE under
personal and company name
Comments Exception required 2 borrowers. 1 borrower has 1 account on credit report for 27 mots. Alternative tradeline for 24 mots
with CHASE under personal and company name, documents are available on page #1 to 92 of 406, 97 of 406.
*Exception form is on page #259 of 260 - Due Diligence Vendor-10/12/2023

   No mortgage late payments in last 24 months, 2+ borrowers on the loan, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1208561
XXXXXXX-2023-NQM5-711     B B B B A A B B Closed FVAL9739 2023-10-12 10:37 2023-10-12 10:37 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type Material: Appraisal
Short Description Approved exception form required for the following: "GLA less than 500 sq ft for all 3 units
Comments Approved exception form required for the following: "GLA less than 500 sq ft for all 3 units
Exception form is on page #258 of 260 - Due Diligence Vendor-10/12/2023		   Waived-Exception Type Material: Appraisal
Short Description Approved exception form required for the following: "GLA less than 500 sq ft for all 3 units
Comments Approved exception form required for the following: "GLA less than 500 sq ft for all 3 units
Exception form is on page #258 of 260 - Due Diligence Vendor-10/12/2023

   No credit events past 48 months, 5+ years credit history, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1208551
XXXXXXX-2023-NQM5-712     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-713     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-714     B B B B A A A A Closed FCRE1174 2023-10-12 15:52 2023-10-12 15:52 Waived 2 - Non-Material B B Credit Missing Doc Master Condo Insurance Policy is Partial Waived-Master Ins has a 10% deductible Wind policy and named storm

 - Due Diligence Vendor-10/12/2023		   Waived-Master Ins has a 10% deductible Wind policy and named storm

 - Due Diligence Vendor-10/12/2023

   Exception is valid only if at least 3 applicable compensating factors are provided.
Revolving debt is under 30%, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score
>40 points than minimum required, Borrower contribution exceeds requirement >=5%, Other: specify below
Borrower is Veteran
pg. 112		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1209549
XXXXXXX-2023-NQM5-715     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-716     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-716     D B A A D A B B Closed FCOM1229 2023-10-12 11:07 2023-10-18 10:29 Resolved 1 - Information D A Compliance Missing Doc 1-4 Family Rider is Missing Resolved-attorney has addressed and in TEXAS only required on investment - Due Diligence Vendor-10/18/2023

Ready for Review-Document Uploaded. 1-4 family rider is require for investment properties. Also, the attorney approval states the 1-4 family rider should have been removed from the package - Seller-10/18/2023

Counter-property is a 2unit - Due Diligence Vendor-10/17/2023

Ready for Review-Document Uploaded. regarding the Mortgage it doesn't have any riders, please see p.51. Also, Closing instructions (p.2 and 3) does not include any riders as well - Seller-10/17/2023

Open-1-4 Family Rider is Missing - Due Diligence Vendor-10/12/2023		 Ready for Review-Document Uploaded. 1-4 family rider is require for investment properties. Also, the attorney approval states the 1-4 family rider should have been removed from the package - Seller-10/18/2023

 Ready for Review-Document Uploaded. regarding the Mortgage it doesn't have any riders, please see p.51. Also, Closing instructions (p.2 and 3) does not include any riders as well - Seller-10/17/2023

 Resolved-attorney has addressed and in TEXAS only required on investment - Due Diligence Vendor-10/18/2023

     image.png

image.png		 QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other N/A N/A 1208629
XXXXXXX-2023-NQM5-717     D B A A D A B B Closed FVAL9739 2023-10-12 11:27 2023-10-12 11:27 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Lender granted exception for comps on appraisal - see page 138 - Due Diligence Vendor-10/12/2023   Waived-Lender granted exception for comps on appraisal - see page 138 - Due Diligence Vendor-10/12/2023

    - DTI >=10% lower than loan program, No credit events past 48 months, 5+ years credit history, 2+ borrowers on the loan, LTV 10% below maximum, Reserves>6 months
   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1208699
XXXXXXX-2023-NQM5-717     B B B B A A B B Closed FVAL9739 2023-10-13 07:56 2023-10-16 11:41 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type Non-Material: Property characteristics
Short Description : Rural Property with 1 unit
Comments : Approved exception form required for the following: Rural property with area > 10 acres. Income producing property (20 acres leased out to neighbor to farm and large rear shed used for owners business). Rural with more than 1 unit (Guest accommodation above the pole shed).
* Exception form is on page #229 of 230 - Due Diligence Vendor-10/13/2023		   Waived-Exception Type Non-Material: Property characteristics
Short Description : Rural Property with 1 unit
Comments : Approved exception form required for the following: Rural property with area > 10 acres. Income producing property (20 acres leased out to neighbor to farm and large rear shed used for owners business). Rural with more than 1 unit (Guest accommodation above the pole shed).
* Exception form is on page #229 of 230 - Due Diligence Vendor-10/13/2023

   DTI >=10% lower than loan program, No credit events past 48 months, 5+ years credit history   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1210634
XXXXXXX-2023-NQM5-718     B B B B A A B B Closed FCRE6843 2023-10-13 07:55 2023-10-16 07:01 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception Type Material: NSF/overdrafts
Short Description : Approved exception for 17 NSF LOE attached. LOE is available on page #577 of 1054
Comments : Approved exception form required for the following: Maximum 3 NSF allowed in 12 months. However, here 17 NSF instances are noted in the provided business bank statement of [redacted] Bank # 7210.
*Exception form is on page #227 of 230 - Due Diligence Vendor-10/13/2023		   Waived-Exception Type Material: NSF/overdrafts
Short Description : Approved exception for 17 NSF LOE attached. LOE is available on page #577 of 1054
Comments : Approved exception form required for the following: Maximum 3 NSF allowed in 12 months. However, here 17 NSF instances are noted in the provided business bank statement of TD Bank # 7210.
*Exception form is on page #227 of 230 - Due Diligence Vendor-10/13/2023

   DTI >=10% lower than loan program, No mortgage late payments in last 24 months, 5+ years credit history   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1210632
XXXXXXX-2023-NQM5-719     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-720     A A A A A A A A Closed FCRE9991 2023-10-13 13:12 2023-10-17 10:31 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-lender fixed tape - Due Diligence Vendor-10/17/2023

Ready for Review-Document Uploaded.  - Seller-10/16/2023

Open-DTI difference of 6.58 %   calculated income is $8166.67 (see page 801).  PITI is $2,248.46, + REO from final 1003 ($ -947.53 ($315.34 + $ 693- $1955.87) + Credit report debts of
*Due to the calculation method considered by the lender the DTI and front end differs. $78= $3273.97 /$8166.67= 40.09%.  Lender didnt give credit properly for rental properties and income lender used does not match worksheet. Back End ratio (DTI) :  3273.97/ 8166.67 = 40.09% - Due Diligence Vendor-10/13/2023		 Ready for Review-Document Uploaded.  - Seller-10/16/2023

 Resolved-lender fixed tape - Due Diligence Vendor-10/17/2023

     corrected tape.xlsx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1211589
XXXXXXX-2023-NQM5-721     B B B B A A A A Closed FCRE1440 2023-10-12 08:56 2023-10-13 14:38 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Housing History Does Not Meet Guideline Requirements Private VOM w/o cxd check support- 0x30 last 12.  Exception to accept VOM (departed property) only page 765 - Due Diligence Vendor-10/12/2023   Waived-Housing History Does Not Meet Guideline Requirements Private VOM w/o cxd check support- 0x30 last 12.  Exception to accept VOM (departed property) only page 765 - Due Diligence Vendor-10/12/2023

   Rev debt under 30%, 5 yrs current job, DTI > 10% below program maximum, No credit events past 48 months, Bwr contribution exceeds 5%, Low LTV > 10% below program maximum.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1208263
XXXXXXX-2023-NQM5-722     B B A A A A B B Closed FVAL4940 2023-10-12 14:30 2023-10-12 14:30 Waived 2 - Non-Material B B Property Missing Doc Missing Homeowner's Association Questionnaire Waived-Comment: Material: Condo questionnaire
Short Description : Less than 8% of HOA budgeted towards reserves. 15% of units are 60 days or more past due.
Comment: Exception needed. Last of 3 conditions.
Exception Form page #1365
 - Due Diligence Vendor-10/12/2023		   Waived-Comment: Material: Condo questionnaire
Short Description : Less than 8% of HOA budgeted towards reserves. 15% of units are 60 days or more past due.
Comment: Exception needed. Last of 3 conditions.
Exception Form page #1365
 - Due Diligence Vendor-10/12/2023

   No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Reserves>6 months (ineligible for Foreign Nationals)
6 months reserves. 1.019 DSCR ratio. CU score 1.2		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1209309
XXXXXXX-2023-NQM5-722     B B B B A A A A Closed FCRE9991 2023-10-13 12:59 2023-10-17 13:19 Resolved 1 - Information A A Credit Data Data Discrepancy - Tape Data is Different than Original Loan Approval Document Data Resolved-lender provided missing explanation not present in original file - Due Diligence Vendor-10/17/2023

Ready for Review-Document Uploaded. Hello, as Senior Underwriter explained we are taking [redacted] of the 1007 here. So, [redacted] of 2,300 is $1,725 and thus the figure we are using.
 - Seller-10/17/2023

Open- - 1008 DTI 33.444% Audited DTI 23.86% - difference is in the amount of rent used.  1008 states rental income is $1,725 when the appraisal states the proposed rent is $2,300.  - Due Diligence Vendor-10/13/2023		 Ready for Review-Document Uploaded. Hello, as Senior Underwriter explained we are taking [redacted] of the 1007 here. So, [redacted] of 2,300 is $1,725 and thus the figure we are using.
 - Seller-10/17/2023

 Resolved-lender provided missing explanation not present in original file - Due Diligence Vendor-10/17/2023

     image.png ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA N/A N/A 1211537
XXXXXXX-2023-NQM5-722     B B B B A A A A Closed FCRE5275 2023-10-13 12:58 2023-10-13 12:58 Waived 2 - Non-Material B B Credit Eligibility Asset do not meet guidelines Waived-Lender granted exception for WVOE investment gift for meeting 20% MBC - see page 275 - Due Diligence Vendor-10/13/2023   Waived-Lender granted exception for WVOE investment gift for meeting 20% MBC - see page 275 - Due Diligence Vendor-10/13/2023

   Revolving debt is under 30%, Residual income >=$3000, DTI >=10% lower than loan program, No credit events past 48 months, No mortgage late payments in last 24 months, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1211536
XXXXXXX-2023-NQM5-723     B B B B A A A A Closed FCRE1493 2023-10-13 12:56 2023-10-13 12:56 Waived 2 - Non-Material B B Credit Eligibility Trade line count does not meet program requirements Waived-Lender granted exception for Not enough active tradelines for Super Prime program - see page 273 - Due Diligence Vendor-10/13/2023   Waived-Lender granted exception for Not enough active tradelines for Super Prime program - see page 273 - Due Diligence Vendor-10/13/2023

   DTI >=10% lower than loan program, 5+ years credit history, LTV 10% below maximum, Credit score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1211527
XXXXXXX-2023-NQM5-724     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-725     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-726     B B B B A A A A Closed FCRE1248 2023-10-13 12:57 2023-10-13 13:45 Waived 2 - Non-Material B B Credit Eligibility Purchase is not considered to be an Arm's Length Transaction Waived-purchase is not considered to be an Arm's Length Transaction Exception Type:-Material: Property characteristics
Short Description :-Non-arm transaction for investment
Hi team! This is a non-arm length purchase of an investment property, please approve! Thank you!

Exception form Page# 67 of 138 - Due Diligence Vendor-10/13/2023		   Waived-Purchase is not considered to be an Arm's Length Transaction Exception Type:-Material: Property characteristics
Short Description :-Non-arm transaction for investment
Hi team! This is a non-arm length purchase of an investment property, please approve! Thank you!

Exception form Page# 67 of 138 - Due Diligence Vendor-10/13/2023

   No mortgage late payments in last 24 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1211529
XXXXXXX-2023-NQM5-727     B B B B A A A A Closed FCRE8860 2023-10-13 09:17 2023-10-13 09:17 Waived 2 - Non-Material B B Credit Income/Employment Audited DSCR does not meet guidelines requirements Waived-Exception Type:-Material: DSCR<1 ineligible for LTV/FICO
Short Description:-DSCR<1, eligible FICO 680, our FICO 645
Hello Team, upon appraisal review, our DSCR dropped below 1, making our file ineligible as client FICO is 645. Please kindly approve 645 FICO and DSCR<1. Thank you!
Exception Form Page# 13 of 99

 - Due Diligence Vendor-10/13/2023		   Waived-Exception Type:-Material: DSCR<1 ineligible for LTV/FICO
Short Description:-DSCR<1, eligible FICO 680, our FICO 645
Hello Team, upon appraisal review, our DSCR dropped below 1, making our file ineligible as client FICO is 645. Please kindly approve 645 FICO and DSCR<1. Thank you!
Exception Form Page# 13 of 99

 - Due Diligence Vendor-10/13/2023

   Revolving debt is under 30%, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance No Cash Out - Borrower Initiated Originator Pre-Close Yes 1210887
XXXXXXX-2023-NQM5-728     B B B B A A A A Closed FCRE8459 2023-10-12 10:32 2023-10-12 10:32 Waived 2 - Non-Material B B Credit Eligibility Borrower Entity Ownership does not meet guidelines Waived-Exception page 25 to permit 2 of 3 members of the LLC to sign contingent upon receiving executed corporate resolution agreeing to such - However, as of review, the resolution nor any of the corporate/entity docs are in the file (will create separate finding) - Due Diligence Vendor-10/12/2023   Waived-Exception page 25 to permit 2 of 3 members of the LLC to sign contingent upon receiving executed corporate resolution agreeing to such - However, as of review, the resolution nor any of the corporate/entity docs are in the file (will create separate finding) - Due Diligence Vendor-10/12/2023

   2+ bwrs on loan, Revolving debt under 30%, No credit events past 48 months, 5+ yr credit history, No consumer lates last 48 months, Credit score > 40 points above program minimum.   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1208524
XXXXXXX-2023-NQM5-729     B B A A A A B B Closed FVAL7502 2023-10-13 15:28 2023-10-13 15:28 Waived 2 - Non-Material B B Property Property Subject property was listed for sale within a time period not allowed per guidelines Waived-Exception Type :- Material: Property characteristics
Short Description :- Property listed for sale after application date.
Comments :- Credit and appraisal attached.
Exception form available on page #343 - Due Diligence Vendor-10/13/2023		   Waived-Exception Type :- Material: Property characteristics
Short Description :- Property listed for sale after application date.
Comments :- Credit and appraisal attached.
Exception form available on page #343 - Due Diligence Vendor-10/13/2023

   Experienced investor with 2+ investment properties, LTV 10% below maximum, Revolving debt is under 30%, No credit events past 48 months, No mortgage late payments in last 24 months, 5+ years credit history
   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other Originator Pre-Close Yes 1211993
XXXXXXX-2023-NQM5-730     B B B B A A A A Closed FCRE1199 2023-10-13 09:23 2023-10-13 09:23 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is greater than Guideline Maximum Loan Amount Waived-Audited Loan Amount of [redacted] is greater than the Guideline Maximum Loan Amount of $500000 Exception to Loan amount page 1065. - Due Diligence Vendor-10/13/2023   Waived-Audited Loan Amount of [redacted] is greater than the Guideline Maximum Loan Amount of $500000 Exception to Loan amount page 1065. - Due Diligence Vendor-10/13/2023

   Revolving debt under 30%, 5 years current job, DTI > 10% lower than program maximum. Residual income >$3,000 per month.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1210921
XXXXXXX-2023-NQM5-731     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-732     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-733     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-734     B B B B A A A A Closed FCRE1437 2023-10-13 07:33 2023-10-13 07:33 Waived 2 - Non-Material B B Credit Income/Employment Income and Employment Do Not Meet Guidelines Waived-Income and Employment Do Not Meet Guidelines 12 month bank statement loan requires income from a single account. Exception page 649 - Bwr changed banks 10 months ago. Most recent 10 months from [redacted] -  the last two are from [redacted] -same LLC. - Due Diligence Vendor-10/13/2023   Waived-Income and Employment Do Not Meet Guidelines 12 month bank statement loan requires income from a single account. Exception page 649 - Bwr changed banks 10 months ago. Most recent 10 months from [redacted] -  the last two are from [redacted] -same LLC. - Due Diligence Vendor-10/13/2023
   Revolving debt under 30%, 5 years current job, No credit events past 48 months.   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1210540
XXXXXXX-2023-NQM5-735     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-736     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-737     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-738     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-739     D A A A D A A A Closed FCOM1221 2023-10-16 05:10 2023-10-17 10:34 Resolved 1 - Information D A Compliance Missing Doc The Deed of Trust is Incomplete Resolved-missing pages now present. - Due Diligence Vendor-10/17/2023

Ready for Review-Document Uploaded. apologies, please see full package - Seller-10/17/2023

Open-The Deed of Trust is Incomplete pages 2, 7, 8 missing - Due Diligence Vendor-10/16/2023		 Ready for Review-Document Uploaded. apologies, please see full package - Seller-10/17/2023

 Resolved-missing pages now present. - Due Diligence Vendor-10/17/2023

     1054462_Closing_Package_-_Signed upd.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1213317
XXXXXXX-2023-NQM5-740     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-741     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-742     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-743     B B A A A A B B Closed FPRO116 2023-10-16 08:35 2023-10-16 08:35 Waived 2 - Non-Material B B Property Property Other Property/Value Finding Waived-HOA in litigation to recover funds for repairs not yet completed - Letter on page 571 indicates no structural or health and safety issues. Exception page 119. - Due Diligence Vendor-10/16/2023   Waived-HOA in litigation to recover funds for repairs not yet completed - Letter on page 571 indicates no structural or health and safety issues. Exception page 119. - Due Diligence Vendor-10/16/2023

   Residual income > $3,000, DTI > 10% below program maximum, Reserves > 6 months.   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1213690
XXXXXXX-2023-NQM5-744     B B B B A A A A Closed FCRE9802 2023-10-16 11:47 2023-10-18 05:32 Waived 2 - Non-Material B B Credit Eligibility Borrower is First Time Homebuyer and Program Does Not Allow This Waived-Borrower cannot be first time homebuyer for this program Exception Type Material: FTHB/no ownership of property for 2 years
Short Description: Borr does not own any other real estate
Comments: No appraisal yet
Exception form is on page #287 of 472 - Due Diligence Vendor-10/16/2023		   Waived-Borrower cannot be first time homebuyer for this program Exception Type Material: FTHB/no ownership of property for 2 years
Short Description: Borr does not own any other real estate
Comments: No appraisal yet
Exception form is on page #287 of 472 - Due Diligence Vendor-10/16/2023

   Borrower contribution exceeds requirement >=5%, No credit events past 48 months, 5+ years credit history   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1214247
XXXXXXX-2023-NQM5-745     B B B B A A A A Closed FCRE9806 2023-10-16 14:25 2023-10-16 14:26 Waived 2 - Non-Material B B Credit Eligibility Other Credit Finding Waived-Exception Type:-Material: Rate/Price Competitor Match
Short Description:-Exception request for price match with [redacted]
Hello Team, This is a well qualified borrower with established credit. Fico of 806, Requesting Rate/Price match with [redacted]. This is a DSCR purchase [redacted] LTV with 3yr PPP. Requesting BPC 7.125% at 1.5 cost. Attached is a copy of the credit report, Pricing from [redacted] and Contract for review. Thanks for your consideration
Exception formpage#94 of 301 - Due Diligence Vendor-10/16/2023		   Waived-Exception Type:-Material: Rate/Price Competitor Match
Short Description:-Exception request for price match with [redacted]
Hello Team, This is a well qualified borrower with established credit. Fico of 806, Requesting Rate/Price match with [redacted]. This is a DSCR Purchase [redacted] LTV with 3yr PPP. Requesting BPC 7.125% at 1.5 cost. Attached is a copy of the credit report, Pricing from [redacted] and Contract for review. Thanks for your consideration
Exception formpage#94 of 301 - Due Diligence Vendor-10/16/2023

   No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, Credit score >40 points than minimum required   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1214808
XXXXXXX-2023-NQM5-746     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-747     B B B B A A A A Closed FCRE1726 2023-10-16 10:09 2023-10-16 10:09 Waived 2 - Non-Material B B Credit Borrower Potential Identity Issues identified in the file Waived-Exception on page 581

Hello Team, this is a guideline exception request due to ITIN only. This is for our Bank Statement Program. The borrower has ITIN only no Visa nor EAD card. This request is to utilize ITIN only as non-permanent resident alien. This is a well qualified borrower with fico of 703 and Low DTI. Attached is a copy of their credit and 1003 for consideration. Thank you!

Approved with conditions of +1 to the rate, [redacted] LTV max, US ID (DL or state ID) or national passport & ITIN letter from IRS required, cannot use POA, no RON, CUW
review required - Due Diligence Vendor-10/16/2023		   Waived-Exception on page 581

Hello Team, this is a guideline exception request due to ITIN only. This is for our Bank Statement Program. The borrower has ITIN only no Visa nor EAD card. This request is to utilize ITIN only as non-permanent resident alien. This is a well qualified borrower with fico of 703 and Low DTI. Attached is a copy of their credit and 1003 for consideration. Thank you!

Approved with conditions of +1 to the rate, [redacted] LTV max, US ID (DL or state ID) or national passport & ITIN letter from IRS required, cannot use POA, no RON, CUW
review required - Due Diligence Vendor-10/16/2023

   Revolving debt is under 30%, DTI >=10% lower than loan program, Reserves>6 months   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1213923
XXXXXXX-2023-NQM5-748     B B A A A A B B Closed FVAL9739 2023-10-17 07:23 2023-10-17 07:23 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Appraisal transfer 90days at submission, overlooked
Comments File here 1 month, went in for ctc, appraisal expired, requested 1004d, attached, now requiring exception, now requiring
exception after 1004d - Due Diligence Vendor-10/17/2023		   Waived-Appraisal transfer 90days at submission, overlooked
Comments File here 1 month, went in for ctc, appraisal expired, requested 1004d, attached, now requiring exception, now requiring
exception after 1004d - Due Diligence Vendor-10/17/2023

   5 years on current job, No credit events past 48 months, 5+ years credit history, LTV 10% below maximum
Pg. 562		   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Refinance Cash Out - Other Originator Pre-Close Yes 1215883
XXXXXXX-2023-NQM5-749     C A C A A A A A Closed FCRE1194 2023-10-16 14:49 2023-10-18 12:58 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-updated rate sheet provided. - Due Diligence Vendor-10/18/2023

Ready for Review-Document Uploaded. The maximum LTV is [redacted] based on the current rates. Please see the attached document - Seller-10/18/2023

Open-Audited LTV of [redacted] exceeds Guideline LTV of [redacted] Investment> Cash out>minimum FICO 680>Max LTV [redacted]>Max loan amount $1,500,000 - Due Diligence Vendor-10/16/2023		 Ready for Review-Document Uploaded. The maximum LTV is [redacted] based on the current rates. Please see the attached document - Seller-10/18/2023

 Resolved-updated rate sheet provided. - Due Diligence Vendor-10/18/2023

     1055365_DSCR rate.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1214885
XXXXXXX-2023-NQM5-750     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-750     D A A A C A D A Closed FCOM9967 2023-10-16 13:10 2023-10-19 08:03 Resolved 1 - Information C A Compliance TRID TRID: Loan Estimate Deficiency Resolved-proof sent received - Due Diligence Vendor-10/19/2023

Ready for Review-Document Uploaded.  - Seller-10/19/2023

Open-Provide evidence LE 10/05/2023 was sent electronically. - Due Diligence Vendor-10/16/2023		 Ready for Review-Document Uploaded.  - Seller-10/19/2023

 Resolved-proof sent received - Due Diligence Vendor-10/19/2023

     Package Details - DocMagic.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1214555
XXXXXXX-2023-NQM5-751     D A A A C A D A Closed FVAL4940 2023-10-16 11:42 2023-10-19 08:03 Resolved 1 - Information D A Property Missing Doc Missing Homeowner's Association Questionnaire Resolved-lender sent their condo approval over.  missing from original file - Due Diligence Vendor-10/19/2023

Ready for Review-Document Uploaded. This Condo is Approved with the [redacted] Mortgage - Seller-10/19/2023

Open- - Due Diligence Vendor-10/16/2023		 Ready for Review-Document Uploaded. This Condo is Approved with the [redacted] Mortgage - Seller-10/19/2023

 Resolved-lender sent their condo approval over.  missing from original file - Due Diligence Vendor-10/19/2023

     condo misc docs.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1214225
XXXXXXX-2023-NQM5-752     B B B B A A A A Closed FCRE8860 2023-10-17 07:46 2023-10-17 07:46 Waived 2 - Non-Material B B Credit Income/Employment Audited DSCR does not meet guidelines requirements Waived-DSCR, no property ownership within 24 months. Please allow.
Comments Since [redacted] is a community property, borrower didn't anticipate the need to be on title to buy another property. She
provided several proofs that her & her husband own a primary - please find attached. - Due Diligence Vendor-10/17/2023		   Waived-DSCR, no property ownership within 24 months. Please allow.
Comments Since [redacted] is a community property, borrower didn't anticipate the need to be on title to buy another property. She
provided several proofs that her & her husband own a primary - please find attached. - Due Diligence Vendor-10/17/2023

   LTV 10% below maximum, Revolving debt is under 30%, No credit events past 48 months, 5+ years credit history, No consumer late payments in
last 48 months, Credit score >40 points than minimum required
Pg. 803		   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA Originator Pre-Close Yes 1215947
XXXXXXX-2023-NQM5-753     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-754     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-755     C A A A C A A A Closed FCOM9967 2023-10-17 08:22 2023-10-18 10:33 Resolved 1 - Information C A Compliance TRID TRID: Loan Estimate Deficiency Resolved-received proof electronically delivered - Due Diligence Vendor-10/18/2023

Ready for Review-Document Uploaded.  - Seller-10/18/2023

Open-Provide evidence LE 10/03/2023 was sent electronically. - Due Diligence Vendor-10/17/2023		 Ready for Review-Document Uploaded.  - Seller-10/18/2023

 Resolved-received proof electronically delivered - Due Diligence Vendor-10/18/2023

     1054533.pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1216064
XXXXXXX-2023-NQM5-756     B B A A A A B B Closed FVAL9739 2023-10-18 07:59 2023-10-18 07:59 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception Type:-Material: Condo questionnaire
Short Description:-one entity owns more than 20 % of units
sponsor owns more than 20 % of units owns 1617 of 3985 see attached condo form . Low LTV , 2 yr full doc, good credit history. low use of credit
Exception Form Page#374 of 497
 - Due Diligence Vendor-10/18/2023		   Waived-Exception Type:-Material: Condo questionnaire
Short Description:-one entity owns more than 20 % of units
sponsor owns more than 20 % of units owns 1617 of 3985 see attached condo form . Low LTV , 2 yr full doc, good credit history. low use of credit
Exception Form Page#374 of 497
 - Due Diligence Vendor-10/18/2023

   Revolving debt is under 30%, No credit events past 48 months, 5+ years credit history   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1220044
XXXXXXX-2023-NQM5-757     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-758     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-759     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-760     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-761     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-762     B B A A A A B B Closed FVAL9739 2023-10-17 10:23 2023-10-17 10:23 Waived 2 - Non-Material B B Property Appraisal Property/Appraisal General Waived-Exception on page 580

Pool is under construction (the project not being 100% complete)

Approved with conditions of [redacted] LTV Max - Due Diligence Vendor-10/17/2023		   Waived-Exception on page 580

Pool is under construction (the project not being 100% complete)

Approved with conditions of [redacted] LTV Max - Due Diligence Vendor-10/17/2023

   5 years on current job, Residual income >=$3000, DTI >=10% lower than loan program, No credit events past 48 months, 5+ years credit history,
No consumer late payments in last 48 months, LTV 10% below maximum, Credit score >40 points than minimum required, Borrower contribution
exceeds requirement >=5%
   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1217989
XXXXXXX-2023-NQM5-763     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-764     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Purchase NA      
XXXXXXX-2023-NQM5-765     A A A A A A A A             A A                   QM: Rebuttable Presumption (APOR) QM: Rebuttable Presumption (APOR) [redacted] [redacted] Primary Residence Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-766     C A C A A A A A Closed FCRE1197 2023-10-18 08:18 2023-10-19 08:15 Resolved 1 - Information C A Credit Eligibility Audited FICO is less than Guideline FICO Resolved-new rate sheet provided.  TPR did not have this rate sheet originally - Due Diligence Vendor-10/19/2023

Ready for Review-Document Uploaded. Please, find the rate sheet attached. Per the rate sheet, the minimum FICO requirement for DSCR Cash out for SFR is 660. Thank you!  - Seller-10/19/2023

Open-Audited FICO of 661 is less than Guideline FICO of 680 Minimum Score for DSCR Cash out is 680. No exception noted. - Due Diligence Vendor-10/18/2023		 Ready for Review-Document Uploaded. Please, find the rate sheet attached. Per the rate sheet, the minimum FICO requirement for DSCR Cash out for SFR is 660. Thank you!  - Seller-10/19/2023

 Resolved-new rate sheet provided.  TPR did not have this rate sheet originally - Due Diligence Vendor-10/19/2023

     ratesheet.pdf ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other N/A N/A 1220108
XXXXXXX-2023-NQM5-767     B B B B A A A A Closed FCRE6843 2023-10-17 13:12 2023-10-17 13:12 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception on page 614

8 NSF/Overdraft/Negative Balances last 12 months

Approved with conditions of +0.25 to the rate - Due Diligence Vendor-10/17/2023		   Waived-Exception on page 614

8 NSF/Overdraft/Negative Balances last 12 months

Approved with conditions of +0.25 to the rate - Due Diligence Vendor-10/17/2023

   Several income sources and DTI below 45%, Residual income >=$3000, No credit events past 48 months, 5+ years credit history
Please see attached document regarding Guidelines, Screenshots, and comments
   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1218539
XXXXXXX-2023-NQM5-768     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-769     D A A A D A A A Closed FCOM1252 2023-10-18 08:22 2023-10-19 08:16 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Loan Estimate Resolved-10/04/2023 was sent electronically received - Due Diligence Vendor-10/19/2023

Ready for Review-Document Uploaded. Please review uploaded print out - Seller-10/18/2023

Open-Provide evidence that Revised Loan estimate issues on 10/04/2023 was sent electronically - Due Diligence Vendor-10/18/2023		 Ready for Review-Document Uploaded. Please review uploaded print out - Seller-10/18/2023

 Resolved-10/04/2023 was sent electronically received - Due Diligence Vendor-10/19/2023

     1040900_proof that Le was sent electronically..pdf Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA N/A N/A 1220111
XXXXXXX-2023-NQM5-770     B B B B A A A A Closed FCRE6843 2023-10-18 12:22 2023-10-18 12:22 Waived 2 - Non-Material B B Credit Assets Asset General Waived-Exception on page 2

5 NSFs

Approved with conditions of +0.125 to the rate - Due Diligence Vendor-10/18/2023		   Waived-Exception on page 2

5 NSFs

Approved with conditions of +0.125 to the rate - Due Diligence Vendor-10/18/2023

   Revolving debt is under 30%, 5 years on current job, Residual income >=$3000, DTI >=10% lower than loan program, 10 years or more in same line
of employment, No credit events past 48 months, 5+ years credit history, No consumer late payments in last 48 months, LTV 10% below
maximum, Credit score >40 points than minimum required		   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA Originator Pre-Close Yes 1220800
XXXXXXX-2023-NQM5-771     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-772     A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt [redacted] [redacted] Investment Refinance Cash Out - Other      
XXXXXXX-2023-NQM5-773     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
XXXXXXX-2023-NQM5-774     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Refinance Limited Cash Out - <2% of Loan Amount or $2000      
XXXXXXX-2023-NQM5-775     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors [redacted] [redacted] Primary Residence Purchase NA      
1055229     A A A A A A A A             A A                   QM: Average Prime Offer Rate (APOR) QM: Average Prime Offer Rate (APOR) [redacted] [redacted] Primary Residence Purchase NA