HOMES 2023-NQM2 ABS-15G

EXHIBIT 99.16

Scienna ID

Loan Number

Dummy ID

Seller Loan Number

Borrower Name

State

QM/ATR Status

Initial Overall Loan Grade

Final Overall Grade

Final Credit Grade

Final Property Grade

Final Compliance Grade

Material (level 3) TRID exception?

Material (level 3) Non-TRID exception?

Active Material Exceptions

Active Non Material Exceptions

Satisfied Exceptions

Waived Exceptions

Compensating Factors

Property Type

Note Date

LTV

CLTV

Occupancy

Purpose

Credit Score

Brwr 1 Yrs in Property

Brwr 1 Occupation

Brwr 1 Yrs on Job

Total Monthly Income

Mortgage History

Cash Out Amount

DTI

FTHB Flag

Loan Doc Type

Loan Status

Review Date

GJAJIJA1255

xx

926618

xx

North Carolina

Non-QM/Compliant

3

1

1

1

1

No

No

*** (CURED) Homeownership Counselling Disclosure is missing. - EV R COMMENT:   Loan file is missing Homeownership Counseling disclosure. Require Homeownership Counseling disclosure. Received Homeownership counseling disclosure. *** (CURED) Assets Verification - EV R COMMENT:   Borrower is bringing in net proceeds from sale of REO to suffice closing and reserve requirement. Missing final HUD/settlement statement and/or bank deposit trail for nett proceeds. Received final HUD for property located at xx with net proceeds of xx *** (CURED) Higher Price Mortgage Loan - EV R COMMENT:   This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. This loan failed the NC rate spread home loan test. The loan is a rate spread home loan, as defined in the legislation. For more information please see the North Carolina Rate Spread Home Loan Article section of the full ComplianceAnalyzer report. While the North Carolina Rate Spread Home Loan provisions specify that lenders can legally make this type of loan subject to certain conditions, some lenders and secondary market investors may prefer not to fund or buy rate spread home loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test FAIL:      Charged    7.132%     Allowed    6.680%     Over by    +0.452% “HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d).”

Single Family

xx

xx

xx

Primary

Purchase

751

xx

6.42

$10,956.81

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

38.719%

No

Alternative

QC Complete

07/07/2022

3FTSIF0ITPE

xx

926626

xx

New York

Non-QM/Compliant

3

1

1

1

1

No

No

*** (CURED) Required Documentation Missing or Incomplete  - EV R COMMENT:   Loan amount > $1.5 MM, require 2nd full appraisal to support original stated value. Resolved 12/09/2022: A 2nd appraisal was provided in the file.

Single Family

xx

xx

xx

Primary

Purchase

747

xx

15

$61,993.00

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

26.911%

No

Alternative

QC Complete

12/09/2022

OQDRRFDWIAR

xx

926480

xx

Pennsylvania

Non-QM/Compliant

4

1

1

1

1

No

No

*** (CURED) Higher-Priced Mortgage Loan test Fail - EV R COMMENT:   This loan failed the higher-priced mortgage loan test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Higher-Priced Mortgage Loan Test Fail : Charged 9.349% Allowed 6.810% Over by +2.539% Resolved: HPML loans are allowed per originator’s guidelines.  File was reviewed to ensure that it is compliant with regulation 1026.35(b), (c) and (d). *** (CURED) Loan does not conform to program guidelines - EV R COMMENT:   Loan file does not meet guide requirement. Guide restricts no Collections/Charge offs/Judgments in last 24 months. Credit report reflects multiple collection/charge-off account. Portfolio RC - #xx - Collection account reported 06/22 Portfolio RC - #xx- Collection account reported 06/22 Received mail confirmation on the reporting date for each of the above collection account and is not within the last 24 months

Single Family

xx

xx

xx

Primary

Cash Out

660

2

xx

10.16

$9,581.18

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

xx

44.562%

Alternative

QC Complete

12/07/2022

I44SYWA5KZM

xx

926374

xx

Florida

Not Covered/Exempt

1

1

1

1

1

No

No

PUD

xx

xx

xx

Investor

Purchase

686

xx

3.66

$1,518.81

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

31.608%

No

Full Documentation

QC Complete

12/07/2022

BFLUFVEZFRC

xx

926379

xx

California

Not Covered/Exempt

1

1

1

1

1

No

No

3 Family

xx

xx

xx

Investor

Purchase

690

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

No

Alternative

QC Complete

12/07/2022

YPL03I3JWR3

xx

926593

xx

California

Non-QM/Compliant

1

1

1

1

1

No

No

PUD

xx

xx

xx

Primary

Purchase

756

xx

6.25

$57,468.28

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

30.215%

No

Alternative

QC Complete

07/12/2022

S1R53PI2UIA

xx

926490

xx

California

Not Covered/Exempt

4

2

2

1

1

No

No

*** (WAIVED) Loan does not conform to program guidelines - EV W COMMENT:   Loan file does not meet guide requirement. Guide restricts minimum gross living area at 1000 sq ft. Subject gross living area is at xx sq ft. Exception approval with compensating factor High Credit Score - 746 High Asset Reserves - 15.06 months

High Credit Score - 746 High Asset Reserves - 15.06 months

Single Family

xx

xx

xx

Investor

Purchase

746

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

No

Alternative

QC Complete

07/26/2022

WXPXXKSJXSN

xx

926613

xx

New York

Not Covered/Exempt

1

1

1

1

1

No

No

3 Family

xx

xx

xx

Investor

Cash Out

744

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

xx

Alternative

QC Complete

07/08/2022

DRV2FNGUOVU

xx

926449

xx

California

Non-QM/Compliant

1

1

1

1

1

No

No

Single Family

xx

xx

xx

Primary

Cash Out

729

0.08

xx

20

$55,394.94

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

xx

10.745%

Alternative

QC Complete

07/27/2022

EJNLTND5OZP

xx

926377

xx

Michigan

Not Covered/Exempt

1

1

1

1

1

No

No

Single Family

xx

xx

xx

Investor

Cash Out

777

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

xx

Alternative

QC Complete

12/07/2022

XWNHPA4I011

xx

926380

xx

Michigan

Not Covered/Exempt

1

1

1

1

1

No

No

Single Family

xx

xx

xx

Investor

Cash Out

777

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

xx

Alternative

QC Complete

12/07/2022